Showing posts with label Portfolio. Show all posts
Showing posts with label Portfolio. Show all posts
Tuesday, May 9, 2017
Company news, Market News, Stocks
Torrent Pharma acquires healthcare brands from Novartis:Torrent Pharma has said that it has completed the acquisition of women healthcare brands Regestrone and Pregachieve for India from Swiss pharma major Novartis AG.
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Dena Bank reports net loss of Rs 575.26 crore in Q4:The Bank has posted a net loss of Rs 575.26 crore for the quarter ended March 31, 2017.
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Precision Wires India surged over 4% after net profit rose 39.72% to Rs 6.93 crore on 18.3% rise in net sales to Rs 247.94 crore in Q4 March 2017 over Q4 March 2016.
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CMI rose over 3% after the company won an order from Gujarat Energy Transmission Corporation (GETCO) for supply of 66KV XLPE cables. The order is revenue accretive and will be delivered within two quarters of the year ending 31 March, 2018 (FY 2018).
Company Updates: SQS India BFSI Ltd, Eicher Motors Ltd
SQS India BFSI Ltd
Information Technology-Software & Services
Valuation and Outlook:
At CMP of Rs. 540, I assign P/Ex multiple of 19.0x to FY19E EPS on the back of benefit from SQS brand leverage, demand environment in BFSI, strong business presence in Europe, I continue to maintain my ‘BUY’ recommendation for a revised target of Rs. 631.
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Eicher Motors Ltd
Industrials - Transportation Equipment - Commercial Vehicles
Valuation and Outlook:
I expect Royal Enfield sales to grow at 15.5% CAGR during FY17-19E driven by domestic dealership expansion and export growth as the company has indicated about adding ~100 dealers every financial year. Also, capacity expansion to 8,25,000 by August 2017 will help maintain the demand-supply balance.
Information Technology-Software & Services
Valuation and Outlook:
At CMP of Rs. 540, I assign P/Ex multiple of 19.0x to FY19E EPS on the back of benefit from SQS brand leverage, demand environment in BFSI, strong business presence in Europe, I continue to maintain my ‘BUY’ recommendation for a revised target of Rs. 631.
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Eicher Motors Ltd
Industrials - Transportation Equipment - Commercial Vehicles
Valuation and Outlook:
I expect Royal Enfield sales to grow at 15.5% CAGR during FY17-19E driven by domestic dealership expansion and export growth as the company has indicated about adding ~100 dealers every financial year. Also, capacity expansion to 8,25,000 by August 2017 will help maintain the demand-supply balance.
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