140.45 1.50 (1.08%)
27,233 Volume
NSEJan 19, 2021 03:31 PM
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Summary | Date | Stock | Broker | Price at Reco. | Target | Price at reco Change since reco(%) | Upside(%) | Type | Report | Discuss |
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2016-10-27 | Munjal Showa Ltd. + | Karvy | 228.95 | 253.00 | 228.95 (-38.65%) | Target met | Hold | Munjal Showa Ltd: To Pace With 2-wheeler Segment Growth (Oct 27, 2016)
Karvy
To Pace With 2-wheeler Segment Growth: Improvement in operating margins: Munjal Showa posted marginal 1.0% QoQ revenue growth in Q2FY17 at Rs. 3893 Mn and 5.5% YoY growth. EBITDA margins improved by 131bps QoQ which stood at 8.1% in Q2FY17 as compared to 6.8% and 7.8% in Q1FY17 and Q2FY16 respectively driven by reduction in raw material costs by 100bps and other operating expenses by ~ 80bps leading PAT margins toexpand by 88bps QoQ and 58bps YoY during Q2FY17. H1FY17 revenues slightly improved by 1.9% at Rs. 7746 Mn YoY while EBITDA and PAT declined by 3.8% and 0.7% respectively.
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2015-08-04 | Munjal Showa Ltd. + | Karvy | 215.60 | 238.00 | 215.60 (-34.86%) | Target met | Buy | Munjal Showa Ltd: Scope for Better Growth (Aug 04, 2015)
Karvy
Abstract: The performance of Munjal Showa Ltd (MSL) is fundamentally basedon the performance of Hero MotoCorp (HMCL) as it forms their primary client base where a significant portion of their revenue is drawn from here. Considering Hero's growth trend to be the back bone, the variables used for revenue estimations are a function of the number of shock absorbers sold and per unit realization.
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2014-08-07 | Munjal Showa Ltd. + | Ajcon Global | 149.00 | 198.00 | 149.00 (-5.74%) | Target met | Buy | Munjal Showa Ltd.(MSL)
Ajcon Global
collaboration with Showa Corporation of Japan, the pioneering global leaders in the manufacture of shock absorbers, Munjal Showa Limited is a member of Hero Group, a US $1.3 billion manufacturing conglomerate, with a 45-year history. Munjal Showa Limited in its joint venture with Showa Corporation (holding 26 percent stake in the Company), designs and manufacturers shock absorbers and struts for leading two-wheelers and fourwheelers. MSL's manufacturing plant is spread over an...
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2012-02-17 | Munjal Showa Ltd. + | Nirmal Bang | 71.40 | 97.00 | 71.40 (96.71%) | Target met | Buy | Munjal Showa Ltd.
Nirmal Bang
Munjal Showa was established in 1987 in technical and financial collaboration with Showa Corporation of Japan. Munjal Group holds 39% stake followed by Showa Corporation, which has 26% stake in the Munjal Showa Limited. Munjal...
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