Anand Rathi Institutional

Articles By Anand Rathi Institutional

14 Articles

Analyst corner: Retain ‘buy’ on Ashoka Buildcon on healthy operations

The Q1 ~28% y-o-y revenue growth, and with three of its hybrid annuities seemingly set to be appointed in the year, the FY20 growth guidance of ~25-30% seems in sight.

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Analyst Corner: Retain ‘sanguine’ outlook on Sobha on improved launch

Encompassing 0.5m sq.ft., Q4 volumes (5k sq.ft.) for this affordable-housing project are nothing much to write about as the project hit the markets toward end-March 2019.

Markets News

‘Buy’ on JB Chemicals with target price of Rs 416

Newer brands, including Nicardia, are also growing in double digits with already having a market share of 80% in represented market category.

Newer brands, including Nicardia, are also growing in double digits with already having a market share of 80% in represented market category News

Analyst Corner: ‘Hold’ on Godrej Consumer Products with TP of Rs 807

To focus more on Asia, Africa and Latin America and improve profitability, GCP recently divested its UK business.

Markets News

Recommendation altered to ‘hold’ on Andhra Bank

To counter its ballooning stressed asset pool, the GoI recently infused Rs 21.2 billion in Andhra Bank.

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‘Buy’ on Ashoka Buildcon: Strong order book to lift margin

With its maiden CGD project in Ratnagiri (Maharashtra) on the verge of commissioning, the company has further strengthened its portfolio by securing four projects (two each in Karnataka and Maharashtra).

Ashoka Buildcon, annuity project, Ashoka Buildcon buy, toll growth News

Momentum on orders was maintained

Company set to scale new highs; FY19/20e earnings up 14/8% and TP raised to Rs 143

NCC, QIP money, revenue growth, ncc rating News

Maintain ‘hold’ on Bajaj Corp with TP of Rs 460

Volume growth momentum, rise in rural demand and channel stabilisation would aid Bajaj Corp’s volume growth. Also, conversion from coconut hair-oil to light hair-oil is expected to accelerate with increase in coconut oil pr

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PNC Infratech Rating: No issues with company’s execution

From our meeting with PNC Infratech’s management and our Dausa-Lalsot site visit, we returned upbeat. These reinforced our belief that nothing is wrong with PNC’s execution, and the recent underperformance has reasons bey

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Maintain ‘buy’ on Vijaya Bank with improved profitability

Driving its earnings momentum are Vijaya Bank’s improving operating performance and asset quality, coupled with sustained credit traction in its retail loan book. We expect steady improvement in its profitability.

vijaya bank, vijaya bank rating, markets, banking, RBI News

Sunteck Realty stock: Anand Rathi rates it ‘hold’, says growth prospects bright for company

Largely Mumbai-centric, Sunteck constructs luxury and ultra-luxury residential and commercial property. Its strong balance sheet, 25 city centric diversified projects and four rented assets provide strong revenue assurance fo

Sunteck Realty, Sunteck Realty stock, anand rathi, markets, stock News

Buy SKS Micro, target Rs 743: Anand Rathi Institutional

Maintain ‘buy’ on SKS Microfinance (SKS) with a target price of Rs 743 a share.

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Buy Heidelberg Cement; volume growth continues to surprise

Operational savings from the ramp-up of the new capacity and from the conveyor belt are being seen in the performance of Heidelberg Cement, and are expected to persist through Q2 FY16.

Ambuja Cement News

India focus to increase Fortis’ profitability, cash flow: Anand Rathi

We upgrade Fortis Healthcare to a Buy, with a revised target price of R215. We expect its strategy to quit its international business...

India focus to increase Fortis’ profitability, cash flow: Anand Rathi
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