154.00 -7.05 (-4.38%)
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|Summary||Date||Stock||Broker||Price at Reco.||Target||Price at reco|
Change since reco(%)
|2019-05-02||Investment & Precisi..||ICICI Securities Limited||250.15||220.00||250.15 (-38.44%)||Target met||Sell|
ICICI Securities Limited
Slowdown in key automotive clients impacts performance IPCL predominantly caters to auto OEMs. The company derives ~80% revenue from the automotive sector wherein it provides casting products such as gear shifter fork, pre combustion chamber, etc. Generally, revenue contribution by sub-segment involves passenger vehicles (40%), commercial vehicles (40%), two-wheelers and tractors contribute (20%). Maruti Suzuki is the company's largest client. A slowdown and uncertain growth among leading auto OEM manufacturers over the next two to three...
|2019-02-01||Investment & Precisi..||ICICI Securities Limited||300.05||315.00||300.05 (-48.68%)||Target met||Hold|
|2018-06-01||Investment & Precisi..||ICICI Securities Limited||423.00||570.00||423.00 (-63.59%)||Buy|