My Application Form Status

Check the status of your application form with Angel Broking.
Arq - The Hyper Intelligent Investment Engine By Angel Broking

Initiating Coverage | Feb 28th 2017

Akzo Nobel India Ltd

CMP : 1,496Target Price : 1,720

Akzo Nobel India Ltd (Akzo) is one of the leading paint manufacturers in India under the brand name ‘Dulux’. Akzo has ~11% share by revenue among the top 5 players. It manufactures and markets a wide range of coatings (contributes ~90%) and specialty chemicals & others (~10%). Akzo has six manufacturing facilities in Hyderabad, Bengal..

View As PDF

Result Updates | Feb 23rd 2017

Aurobindo Pharma Ltd

CMP : 686Target Price : 877

For 3QFY2017, Aurobindo Pharma (APL) posted numbers which were almost inline with expectations on sales and net profit front, with sales marginally higher than expected and net profit marginally lower than expected. On sales front, the company posted sales of Rs3844cr (v/s. Rs3,715cr expected) v/s. Rs3,432cr in 3QFY2016, posting a yoy gro..

View As PDF

Sort By

Result Updates | Feb 22nd 2017

Ipca Laboratories Ltd

CMP : 544
Target Price : 613

IPCA Labs posted results lower than expected for 3QFY2017 on both sales and net profit fronts, however OPM’s were in-line with expectations. In sales, the company posted sales of Rs731cr, a yoy growth of 8.3% v/s Rs815cr expected. On EBITDA front, the company posted EBITDA of 13.9% (v/s 13.5% expected) v/s 11.6% in 3QFY2016. Consequently,..

Result Updates | Feb 22nd 2017

Dr Reddys Laboratories Ltd

CMP : 2,899
Target Price :

Dr. Reddy’s Laboratories (DRL) posted lower than expected results for 3QFY2017. In INR terms, the consolidated revenues came in at Rs3,707cr (v/s. Rs4,000cr expected) v/s. Rs3,989cr in 3QFY2016, down 6.6% yoy, mainly driven by pressure on the generic market. The global generic market with sales at Rs3,064cr (down 9.0% yoy), was mainly lea..

Result Updates | Feb 22nd 2017

Cadila Healthcare Ltd

CMP : 440
Target Price :

For 3QFY2017, Cadila Healthcare posted lower than expected results with sales at Rs2,250cr (v/s. Rs2,800cr expected) v/s. Rs2,268cr in 3QFY2016, a yoy degrowth of 0.8%. The dip in sales was on the back of the US (Rs886.9cr, a yoy dip of 17.2%). On the operating front, the EBITDA margin came in at 15.2% (v/s. 22.1% expected) v/s. 22.0% in ..

Result Updates | Feb 16th 2017

Garware-Wall Ropes Ltd

CMP : 614
Target Price : 710

For 3QFY2017 Garware Wall Ropes (GWRL) posted results which outperformed our estimates on the bottom-line front, while the top-line was in-line with our estimates. On the operating front, the company reported margin improvement, primarily on account of lower other expenditures. Further, on the bottom-line front, the company reported stron..

Result Updates | Feb 15th 2017

Glaxosmithkline Pharma Ltd

CMP : 2,683
Target Price :

For 3QFY2017 Glaxo Pharmaceuticals (GSK) posted results lower than expectations on all fronts. In sales, the company posted sales of Rs689cr v/s Rs700cr expected, a yoy de-growth of 5.6%. On EBITDA front, the company posted EBITDA of 5.1% (v/s 9.1% expected) v/s 11.6% in 3QFY2016. Consequently, Adj. PAT came in at Rs40.8cr (v/s Rs78.4cr e..

Result Updates | Feb 15th 2017

Sun Pharmaceuticals Industries Ltd

CMP : 650
Target Price : 847

For 3QFY2017 Sun Pharmaceuticals posted results marginally lower than expectations on sales front, while OPM came in much below expectation, however, net profit was slightly below expectations. Sales came in at Rs7,683cr (v/s Rs7800cr expected) v/s Rs7,087cr in 3QFY2016, a yoy growth of 8.4%. Indian sales at Rs1,969cr, posted a yoy growth..

Result Updates | Feb 15th 2017

Bank of Baroda

CMP : 168
Target Price :

BoB’s 3QFY17 results remained disappointing. The bank continues to face headwinds on asset quality on one hand, while on the other hand the balance sheet continued to de-grow as the management intentionally downsized some low margin business. Coming few quarters might be challenging for the bank. With continued pressure on asset quality a..

Result Updates | Feb 14th 2017

Lupin Ltd

CMP : 1,448
Target Price : 1,809

For 3QFY2017 Lupin posted results much better than expected on sales and OPM fronts. In sales, the company posted sales of Rs4,110cr v/s Rs4,000cr expected yoy growth of 31.3%. The strong sales growth was aided by the USA (contributed around 49.0%), which registered a yoy growth of 57.6%. On EBITDA front, the company posted EBITDA of 25.9..

Result Updates | Feb 14th 2017

Alkem Laboratories Ltd

CMP : 1,837
Target Price : 1,996

The stock at the CMP of Rs1,837 is available at P/E of 17.5x of FY19E EPS of `105. The stock price in CY2017 has appreciated by 13% leaving less room for further upside at this juncture. We expect company to report CAGR of 17.4% and 22.4% in top line and bottom line respectively in next two years. Its ANDA pipeline has not seen strong tra..

Result Updates | Feb 14th 2017

Hero MotoCorp Ltd

CMP : 3,226
Target Price : 3,466

The demonetisation has impacted HMCL’s volumes sharply with decline in all parameters. Company expects the volumes growth to remain challenging in 4QFY17E and expects high single digit volume growth in FY18E. As automobile industry recovers, HMCL looks to be better positioned due to its higher market share in the motorcycle segment. The c..