Brokerage Research Reports share price target

India's multiplex industry is undergoing unprecedented hardships amid Covid-19 shutdowns.

Strides saw its Q1FY21 revenues grow by 14% on a YoY basis and 26% sequentially to Rs.782cr on the back of revenue growth in the regulated markets The U.S business grew by 8% YoY (Excluding ranitidine sales)...

Mold-Tek Packaging Ltd (MTEP), one of leading manufacturers' and suppliers of high quality airtight and pilfer proof containers/pails in India for Paints, Lubricants, Food and FMCG....

SUMICHEM reported subdued topline growth of 4% (production impacted due to lockdown) but savings in raw material (down 228bps YoY @ 65.2%) and other expenses (down 290bps YoY @ 9.0%) led to 40% EBITDA growth. Growth momentum is expected to accelerate going forward and the company might recoup some lost sales of Q1 in Q2 as Glyphosate is mostly sprayed in-between these two seasons. Collections in Q1 have been robust. SUMICHEM's diversified portfolio, strong brand, rich product pipeline from...

Consumption shift from loose to brands to accelerate The strong growth in Q1 was perked up by higher in-home consumption across categories. The supply disruption was limited to Indian operations in April. We believe increasing consumer preferences for packaged foods & trusted brands would accelerate consumption shift towards branded products in tea, salt & pulses category in India. Moreover, in-home' consumption trend would continue for few more quarters in India, US & Canada given out of home' consumption options are still restricted/limited...

Natural gas consumption in June increased to 171.2mmscmd (+6% YoY, +9% MoM).

Gujarat State Petronet's (GUJS) Q1FY20 EBITDA was in line at Rs 3.5bn (14% YoY).

State Bank of India is India's largest bank. The bank operates 21,959 branches globally and has a vast network of 58,599 ATMs/CDMs. It provides a wide range of financial services, such as insurance, credit cards and asset...

COVID is expected to be weak resulting in a prolonged demand slump. Further, as envisaged discounting is already evident and competitive intensity is likely to remain at elevated levels. While VIP has managed to cut...