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India Business News: As Covid-19 continues to ravage India, financial professionals across the country are grappling with an increasingly surreal disconnect between the ep ....
Emkay Research has a buy call on Shree Cements with a target price of Rs 32750 for a time frame of 12 months. The current market price of Shree Cements is Rs 26852.25. Shree Cements Ltd, incorporated in the year 1979, is a Large Cap company with a market cap of Rs 97927.30 Crore, operating in Cement sector. Shree Cements Ltd s key Products/Revenue Segments include Cement, Power, Clinker, Other Operating Revenue and Scrap for the year ending 31-Mar-2020. Investment Rationale Emkay Research maintains its FY22-23 estimates. It has a buy rating with a DCF-derived target price of Rs 32,750 (Jun’22E), implying 19x 1-year forward EV/E. The stock’s premium valuation at current 19.2x EV/E already reflects Emkay s strong outlook on the company, hence it expects the stock’s returns to be driven essentially by earnings compounding. Key downside risk is overseas mergers and acquisition, it added. ....
Explore Now Emkay Research has a buy call on Dhanuka Agritech with a target price of Rs 990 for a time frame of 12 months. The current market price of Dhanuka Agritech is Rs 872. Dhanuka Agritech Ltd, incorporated in the year 1985, is a Small Cap company with a market cap of Rs 4071.41 Crore, operating in Pesticides/Agro Chemicals sector. Dhanuka Agritech s key Products/Revenue Segments include Agrochemicals, Other Operating Revenue, Scrap and Power Generation for the year ending 31-Mar-2020. Investment Rationale Emkay Research said, Dhanuka Agritech beat its Revenue/EBITDA/PAT estimates by 6 per cent/21 per cent/11 per cent. The company was able to maintain gross margins (+3bps YoY) despite raw material cost pressures. ....
Emkay Research has a buy call on Birlasoft Ltd. with a target price of Rs 330 for a time frame of 12 months. The current market price of Birlasoft Ltd. is Rs 297.8 . Birlasoft Ltd, incorporated in the year 1990, is a Small Cap company with a market cap of Rs 8210.44 Crore, operating in IT Software sector. Birlasoft Ltd s key Products/Revenue Segments include Software Development Charges for the year ending 31-Mar-2020. Investment Rationale According to Emkay Research, revenue growth for the company was broad-based and was led by lifesciences (4 per cent QoQ), manufacturing (3.7 per cent), energy & utilities (3.2 per cent) and BFSI (1 per cent). Management expects all verticals to register growth in FY22, with manufacturing and lifesciences verticals leading growth, it added. ....
Explore Now Emkay Research has a buy call on Route Mobile with a target price of Rs 1820 for a time frame of 12 months. The current market price of Route Mobile is Rs 1509. Route Mobile Ltd, incorporated in the year 2004, is a Large Cap company with a market cap of Rs 8720.52 Crore, operating in Services sector. Route Mobile Ltd s key Products/Revenue Segments include Sale of services for the year ending 31-Mar-2019. Investment Rationale Emkay expects Route Mobile s earnings to grow at 34per cent CAGR over FY21-24E. Industry tailwinds, presence in fast growing markets and rising share of new products should drive a ~25per cent revenue CAGR over FY21-24E (lower than the industry to factor in dependency on relatively slower growing SMS messaging). Rising share of new channels like RCS, WhatsApp, email, voice, etc. (higher gross margins than SMS) and better business mix would drive gross margin expansion, added Emkay. Growing scale of business will drive better ....