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Cera Sanitaryware faces challenges but retains buy rating with target price increase
Cera Sanitaryware reported flat revenue of Rs 8.9 billion in H1, with EBITDA declining 11.4% year-on-year, while PAT rose slightly by 1.7% to Rs 1.2 billion. The subdued demand was attributed to heatwaves, election slowdowns, and prolonged rains, impacting margins. Despite these challenges, a lean balance sheet with a projected net cash surplus supports a Buy rating, with a target price of Rs 9,899.
Moneycontrol
Cera Sanitaryware Limited IND Anand Rathi
Finance & Economy, Market Report
10:03 09.12.2024
Finolex Cables receives buy rating with target price of Rs 1577
Anand Rathi has maintained a Buy rating for Finolex Cables, setting a target price of Rs 1,577. The company faced challenges in Q2 due to declining copper prices and multiple price cuts, but stable copper prices and opportunities in the OFC segment with BharatNet are expected to drive growth in the second half of the year. A strong balance sheet and healthy cash flows further support the positive outlook.
Moneycontrol
Finolex Cables Limited IND Anand Rathi
Finance & Economy, Market Report
08:40 19.11.2024
Hindalco Industries targets growth with strategic expansions and strong earnings outlook
Anand Rathi has maintained a Buy rating on Hindalco Industries, setting a target price of Rs 800 per share. The company is progressing with its strategic expansion, including the ramp-up of the 250k tonne Guthrie facility and significant domestic capex in alumina, aluminium, and copper expected by FY27-29. With strong aluminium and copper EBITDA, increased beverage can shipments, and a focus on enhancing recyclability, Hindalco is well-positioned for growth.
Moneycontrol
Hindalco Industries Limited IND Anand Rathi
Finance & Economy, Market Report
10:42 13.11.2024
Shree Cements receives buy rating with target price of 28600 rupees
Anand Rathi has maintained a Buy rating on Shree Cements, setting a revised 12-month target price of Rs 28,600, down from Rs 28,952. The company's Q2 performance was impacted by weak demand and low government infrastructure spending, although strategies focusing on value and logistics optimization provided some support. Ongoing capacity expansion and improved renewable energy share are seen as positive factors for future growth.
Moneycontrol
Shree Cements IND Anand Rathi
Finance & Economy, Market Report
09:07 13.11.2024
Voltas reports strong growth and maintains market leadership with buy recommendation
Anand Rathi has maintained a Buy rating on Voltas, setting a target price of Rs 2,018. The company's UCP segment showed robust performance with a 31% year-on-year revenue growth in Q2 and a 56% increase in RAC volume for H1 FY25, securing a 21% market share. Voltas Beko also reported a 54% growth in volumes, enhancing its market presence in refrigerators and washing machines.
Moneycontrol
Voltas Limited IND Anand Rathi
Finance & Economy, Market Report
10:47 06.11.2024
Anand Rathi recommends buy rating for ITC with target price of 560
Anand Rathi has issued a bullish recommendation for ITC, setting a target price of ₹560. The company's Q2FY25 results showed a 15.6% YoY revenue growth to ₹222,819 million, driven by strong performances in hotels, value-added agri products, and leaf tobacco, despite a slight decline in EBITDA margins. The demerger of the hotel business is expected to enhance profitability and return ratios moving forward.
Moneycontrol
Indian Rupee ITC Limited IND Anand Rathi
Finance & Economy, Market Report
09:49 30.10.2024
Anand Rathi recommends buy rating for Cyient with target price of 2230
Anand Rathi has issued a buy rating for Cyient, setting a target price of Rs 2,230 in a report dated October 30, 2024. The company's Q2 performance showed a 2% quarter-on-quarter growth, although sustainability metrics declined. Despite challenges, management remains optimistic about improved growth in the second half of the fiscal year.
Moneycontrol
United States Dollar Cyient Limited IND Anand Rathi
Finance & Economy, Market Report
09:37 30.10.2024
quarter two earnings season heats up with major companies reporting results
The Q2 earnings season for 2024 is in full swing, with major companies like Bharti Airtel, Sun Pharma, and Indian Oil set to release their financial reports today. Earlier, Reliance Industries reported a 4.8% profit decline, while HCL Tech and TCS posted profit increases of 10.5% and 5.0% YoY, respectively. Upcoming reports from giants such as Maruti Suzuki and Dabur India are also anticipated this week.
Financialexpress
United States Dollar Adani Power Limited Sun Pharmaceutical Industries Limited Bharti Airtel Limited Indian Oil Corporation Limited Ambuja Cements Limited IND Ramesh Kancharla Gaurav Poddar Anand Rathi Show more
Finance & Economy, Market Report
07:23 28.10.2024
Indian markets face steep selloff as Nifty approaches critical support level
Indian equity markets are experiencing a significant downturn, with the Nifty 50 and Sensex both dropping 3% last week. The Nifty has fallen below the 100-day EMA and the critical level of 24,200, prompting experts to predict a potential decline to 23,894 and further to 23,455. A "sell on rally" strategy is recommended, with particular attention on ICICI Bank's earnings reaction, alongside reports from Bharti Airtel, Sun Pharma, and Ambuja.
Moneycontrol
Indian Rupee SUN Pharma Distributors Ltd. Bharti Airtel Limited Ambuja Cements Ltd. ICICI Bank Limited IND Nandita Khemka Ajit Mishra Anand Rathi Show more
Finance & Economy, Market Report
04:30 28.10.2024
Gabriel India targets growth with new product lines and acquisitions
Gabriel India reported a robust Q2 consolidated EBITDA of Rs 987 million, exceeding estimates with a 34% year-on-year increase. The company's strategic entry into the high-growth sunroof product line and plans for future acquisitions are expected to drive significant growth. Anand Rathi maintains a Buy rating with a revised target price of Rs 700, reflecting anticipated revenue and profit growth through FY27.
Moneycontrol
Indian Rupee Gabriel India Limited IND Anand Rathi
Finance & Economy, Market Report
09:54 24.10.2024
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