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Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. … [Read more...] about Buy Orient Cement target of Rs 65: Anand Rathi

ORCMNT's (Orient Cement) 4QFY20 declined 13% YoY to ₹6.5bn due to 14% YoY fall in volumes (volumes: 1.57mnT) while realisations improved 1% YoY. EBITDA during 4QFY20 came in at ₹1.25bn, down 19% YoY. Negative impact of weak Volume was offset by higher realisations and savings in costs. EBITDA margin for 4QFY20 came in at 19.1% vs. 9.7% QoQ/20.4% YoY. Costs/t was lower 2% QoQ/+3% YoY. Average distance travelled was marginally above 300km. Beginning May 2020, rake availability gradually impacted due to diversion for movement of food grains/ harvests. … [Read more...] about Buy Orient Cements; target of Rs 63: Cholamandalam securities

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. … [Read more...] about Buy KPIT Technologies target of Rs 85: Anand Rathi

For 4QFY20, KPIT registered 8.3% YoY growth in revenues to reach USD 76.9mn, in CC terms the growth was 11.5%. On geographic basis the revenue momentum was largely driven by a robust growth in Europe (+34% YoY) followed by a 7% YoY growth in US. However, a 22.3% YoY decline in revenues from Asia dampened the overall growth for the quarter.  On a sequential basis amongst verticals, ‘others’ segment and new mobility segment led the growth (+34.3%/144.7% QoQ respectively). Revenues from passenger vehicle segment (constituting 75% of sales) remained flat sequentially. Commercial vehicle segment saw de-growth of 4.7% QoQ and the management expects recover to be gradual here. … [Read more...] about Buy KPIT Technologies; target of Rs 58: Cholamandalam securities

Radico Khaitan (RKL) reported 15% revenue growth in Q4FY20 to Rs 585 crore. Gross margin declined 400 bps to 48.6% owing to elevated input cost. However, the company reported flat EBITDA margin at 14.1% on account of lower employee, selling and other expense, which declined 66 bps, 220 bps, 340 bps, respectively. Consequently, EBITDA grew 15% YoY to Rs 82.3 crore. Higher depreciation, interest and lower other income led PBT before extraordinary expense to grow 10% to Rs 62.6 crore. Further, exceptional loss of Rs 8.6 crore and loss from associate of Rs 6 crore led net profit to fall 20% to Rs 33 crore. … [Read more...] about Buy Radico Khaitan; target of Rs 400: ICICI Direct