|added date||update||company name||note|
|Thursday, May 17, 2018 - 08:45||Top Picks||T.V. Today Network Ltd|
The stock at CMP of ₹460 has given a return of 55%. Considering the recent past move in share price and valuation, we recommend to Book Profit at CMP.
|Thursday, May 17, 2018 - 08:30||Top Picks||Century Plyboards India Ltd|
We are downgrading Century Plyboards at CMP of ₹280 from Buy to Neutral as company posted weak 4QFY18 result and rupees has also depreciated by 10% from January 2018 as company imports 50% of raw material.
|Tuesday, May 15, 2018 - 10:30||Top Picks||Parag Milk Foods Ltd|
We have slightly upgraded our earnings estimates in view of new products pipeline, better off take in whey protein and the revised margin guidance from the management. We now expect PARAG to report a CAGR of ~18%/37% in revenue/ earnings over FY18-20E. The stock has given 35% return since our initiation in April. The stock is currently trading at 17.5x its FY2020 earnings, which still looks attractive looking at its evolving FMCG story. Hence we
|Monday, May 14, 2018 - 16:30||Fundamental||GMM Pfaudler Ltd|
GMM Pfaudler has given 16% returns since our coverage initiated on the stock, last month. In view of continued traction in its user industries like Pharma and Agrochemical, we are increasing our target price to ₹900 from ₹861 (Target multiple of 21x on its FY2020 earnings).
|Wednesday, May 9, 2018 - 16:15||Fundamental||Prism Cement Ltd|
Prism Johnson Ltd (PJL) is an Integrated Building Materials company and has a wide range of products from cement, ready-mixed concrete (RMC), tiles, bath products to kitchens (TBK). TBK contribute 43% of the revenue. Lately, jump in Natural gas price has impacted EBITDA margin of other listed ceramics company. TBK segment is reporting loss and jump in Natural gas price would impact margin and PJL revival process. Hence considering this we discontinue our coverage in PJL
|Monday, April 16, 2018 - 16:15||Top Picks||Safari Industries India Ltd|
We are upgrading target price of Safari Industries to ₹720 from ₹650 as we are upgrading target multiple from 36x to 40x in view of buoyancy.
|Monday, February 19, 2018 - 16:15||Top Picks||Asian Granito India Ltd|
We have stopped covering the Asain Granito India Ltd. stock from February 19, 2018.
|Monday, March 12, 2018 - 16:15||Top Picks||Karur Vysya Bank Ltd|
We have stopped covering the Karur Vysya stock from March 12, 2018.
|Friday, February 9, 2018 - 16:15||Top Picks||Ruchira Papers Ltd|
We have stopped covering the Ruchira Paper stock from February 09, 2018.