Brokerage Research Reports share price target

We believe, BIL has capability to revive its revenue growth trajectory when the economy is back to normal. The demand outlook is positive given ongoing vaccination, re-opening of markets and the strong thrust of the GoI to revive the economy. BIL has a strong brand recall & distribution reach and strong balance sheet with a cash balance of ~Rs.869cr as of Q2FY22. We maintain Accumulate rating with a revised Target of...

Momentum is gaining on account of normalization of freight operations, strong growth in E-commerce and shipping business. We continue to maintain positive view on TCI, given strong earnings outlook of 28% CAGR over FY21-24E. We roll forward to FY24E and value TCI at P/E of 19x given earnings upgrade. However, given sharp up-move in stock prices we...

Revenue grew 44.4% YoY to Rs. 30,048cr due to higher demand and supported by rise in prices of major commodities. Growth was witnessed across all segments, with Aluminum revenue rising +89.5%...

European stocks shook off early lethargy, gradually picking up steam as the session progressed before finishing solidly higher. The markets saw little movement ahead of closely watched U.S. employment data - but the markets marched firmly into the green after those jobs numbers came in much better than expected, reinforcing the global economic recovery. US stocks fluctuated after an early move to the upside during trading but managed to remain mostly positive throughout the...

Ventura Securities Diwali Picks 2021

US stocks moved mostly higher over the course of the trading day, as traders reacted positively to the Federal Reserve's monetary policy announcement. With the continued upward move, the major averages once again reached new record closing highs. Asian stocks ended broadly lower as investors adopted a cautious approach ahead of the U.S. Federal Reserve's monetary policy...

Butter your investments with "Manorama"

Auto wholesale dispatches continued the broad trend of sequential improvement across segments save for below expected performance on the CV side. PV space led the way with a sharp rebound from chip shortageimpacted September. There was no noticeable festive-related rub off in 2Ws amid high system inventory levels. Volume performance for October 2021 In the 2-W pack, market leader Hero MotoCorp (HMCL) recorded 3.3% MoM growth in volumes at 5.48 lakh units. Bajaj Auto (BAL) posted 8.4% overall growth to 3.91 lakh units, which included ~14% growth domestically. Eicher Motors' (EML) Royal Enfield outperformed with 31.6% growth on a low base...