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PRO Only Highlights - Quarterly performance largely backed by improved realisations - Medium-term triggers China plus and protectionist measures for tyre industry - Valuations not inexpensive; but improved medium-term outlook Highlights Decent quarterly performance with good top-line growth Gross margin expands, headroom for improvement Operating margin impacted by one-off provision and higher advertising expense Early signs of improvement in the premium category Luggage sector has huge headroom for growth with multiple tailwinds Own manufacturing and preference for hard luggage positive for margin Market share gains from unorganised players continue A high visibility consumption stock should form a part of core portfolio VIP Industries (VIP, CMP: Rs 724 Market Cap: Rs 10,251 crore) has posted a decent quarter in... … [Read more...] about VIP Industries Q3 FY23: Why this core portfolio stock needs to be on your radar

Westlife Development (Image: westlife.co.in) Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Shares of  Westlife Foodworld gained over 4% on January 24 intraday after the company announced the appointment of Saurabh Bhudolia as its chief financial officer (CFO) . Saurabh is a chartered accountant (CA) with experience of over 15 years across manufacturing in India, New Zealand, and Singapore (steel, FMCG, beverage, and retail), the company said in a statement to the stock exchanges. Over the years, his areas of expertise have included accounting, budgeting, costing, treasury, taxation, project finance, financial reporting, business partnering, mergers and acquisitions, industrial relations, and funding. To ensure the company's financial success, Saurabh will oversee all aspects of financial management and strategy. His new … [Read more...] about Westlife Foodworld appoints Saurabh Bhudolia as CFO; stock gains

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × The share price of FSN E-Commerce Ventures , the parent company of fashion and cosmetic retailer Nykaa, continued its slide for another day on January 23 and the stock is now down over 20 percent so far this month. On the BSE, it traded down over 2 percent to Rs 124 as of 12 noon. The stock hit an all-time low of Rs 120.75 during the day as well, but saw some recovery as low levels. The stock is down 62 percent last year. The stock has been on a decline ever since the lock-in period for pre-IPO investors and the company brought a bonus issue to stabilise the share price. But now, some analysts have started upgrading their rating on the stock as prices have fallen a lot and valuation is turning favourable. “We had always liked Nykaa's business model,” said Manoj Menon, an analyst at … [Read more...] about Nykaa shares tumble 20% so far in this month; analysts find valuation ‘palatable’

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × ICICI Direct's research report on Gateway Distriparks Gateway Distriparks (GDL) has a diversified presence in logistics verticals like container train operators (CTO), cold chain logistics, container freight stations. Rail segment comprises ~70% of consolidated revenues, with the rest being contributed by CFS • Has five intermodal terminals, built on owned land at key areas along WDFC. Outlook We change our stance from BUY to HOLD recommendation. We value the stock at Rs 75 i.e. 16x P/E on FY25E EPS. For all recommendations report, click here Read More 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 … [Read more...] about Hold Gateway Distriparks; target of Rs 75: ICICI Direct

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × ICICI Direct's research report on Syngene International Syngene is a contract research, development and manufacturing organisation catering mainly to global innovator pharma/chemical companies offering integrated scientific services from early discovery to commercial supply. Syngene serves these players, which outsources some or substantial part of its business in the product development life cycle and operates via full time equipment (FTE) and fee for services (FFS) models • Discovery services: FTE engagements with high renewability; dedicated services: long-term strategic alliances that last usually five years or more, Development and manufacturing: FFS engagements, which increase in volume/scale over time. Outlook Downgrade from BUY to HOLD as the stock fully reflects strong … [Read more...] about Hold Syngene International; target of Rs 610: ICICI Direct

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × ICICI Direct's research report on HDFC AMC HDFC AMC is among the largest and profitable mutual funds with an QAAUM of ~Rs 4.4 lakh crore as on December 2022. Market share as on Q3FY23 was at 11.2% • Strong distribution network with 228 branches and over 75,000 empanelled distribution partners. Outlook We maintain our BUY rating on the stock. However, growth in AUM amid gain in market share to compensate for pressure on yield & drive earnings growth. Thus, we value the business at ~27x FY25E EPS and revise our target from Rs 2600 to Rs 2250. For all recommendations report, click here Read More 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 … [Read more...] about Buy HDFC AMC; target of Rs 2250: ICICI Direct

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × ICICI Direct's research report on Jindal Stainless Jindal Stainless (JSL) is among leading stainless steel manufacturing companies in the world & India’s largest stainless steel manufacturer. JSL operates an integrated stainless steel plant at Jajpur, Odisha. The complex has a total stainless steel capacity of 1.1 million tonnes per annum • The company has readily available infrastructure for cost efficient brownfield expansion. Outlook We maintain our BUY rating on the stock. We value JSL at Rs 300, based on a merged entity basis. For all recommendations report, click here Read More 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 … [Read more...] about Buy Jindal Stainless; target of Rs 300: ICICI Direct

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × ICICI Direct's research report on Jindal Stainless Hisar Jindal Stainless (Hisar) (JSHL) is one of the leading players in the Indian stainless steel market. JSHL is the largest specialty stainless steel producer in India with a diversified value-added product portfolio • JSHL operates an integrated stainless steel plant at Hisar, Haryana. JSHL has a total melting capacity of 0.8 million tonnes per annum (MTPA). Outlook We maintain our BUY rating on the stock. We value JSHL at Rs 585, based on merger ratio. For all recommendations report, click here Read More 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 … [Read more...] about Buy Jindal Stainless Hisar; target of Rs 585: ICICI Direct

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × ICICI Direct's research report on Supreme Industries Supreme Industries (SIL) is India’s leading plastic processing company with a presence in four major segments including piping systems, packaging products, industrial products & consumer product category with revenue contribution of 63%,16%, 16% & 5%, respectively. Market leader in the PVC pipe industry with a value market share of 15% • Robust balance sheet with RoE & RoCE of 24% & 27% (five-year average), respectively, with stringent working capital policy. Outlook We maintain our BUY rating on the stock. We value the stock at 28x P/E FY25E EPS and revise our target price to Rs 2880. For all recommendations report, click here Read More Disclaimer: The views and investment tips expressed by … [Read more...] about Buy Supreme Industries; target of Rs 2880: ICICI Direct

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Motilal Oswal's research report on Maruti Suzuki MSIL reported a strong beat in 3QFY23, driven by better mix (8% beat on ASPs) and higher other income. Recently launched products to reflect in P&L from 1QFY24; commodity price benefit largely reflected in 3QFY23; and the impact of adverse JPY is expected to reflect from 1QFY24. We expect continued improvement in performance and response to new products to act as catalysts for the stock. Outlook We upgrade FY23 EPS estimates by 14% to reflect the benefit of mix and higher ‘other income’, but reiterate our FY24 estimates as the mix benefit is offset by the Fx impact. We reiterate our Buy rating with a TP of INR10,500. For all recommendations report, click here Read More Disclaimer: The views and investment tips … [Read more...] about Buy Maruti Suzuki; target of Rs 10,500: Motilal Oswal