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|Summary||Date||Stock||Broker||Price at Reco.||Target||Price at reco|
Change since reco(%)
|2018-01-22||DCM Shriram Ltd.||Emkay||592.55||697.00||592.55 (-42.87%)||Accumulate|
Chemical segment revenues jumped 51% yoy to Rs 5.8bn led by higher volumes (+34% yoy) and firm realizations (45% yoy) and was above our est of Rs 5.0bn. Company reported highest ever quarterly EBIT margins at 42% (+1800bps yoy and 500bps qoq). Sugar segment revenues increased to Rs4.3bn (+15% yoy) but was below our estimate of Rs4.9bn. Sugar segment profits dropped by 45% yoy to Rs488bn due to softness in sugar...
|2016-08-26||DCM Shriram Ltd.||Dynamic Levels||220.05||280.00||220.05 (53.85%)||Target met||Buy|
DCM Shriram Ltd. is a leading business conglomerate with a group turnover of Rs. 6,050 crores. The business portfolio of DCM Shriram comprises primarily of two types of businesses.Agri-Rural Business: Urea & SSP fertilizers, Sugar, Farm inputs marketing such as DAP, Crop care Chemicals, Hybrid Seeds.
They initiate coverage on DCM Shriram Ltd as a BUY @210 with a target of Rs 280 representing a potential upside of 33% from the buy price. DCM Shriram Ltd is trading at a low PE of 10.65.