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Broker's call: Berger Paints (Sell) - The Hindu BusinessLine


Broker s call: Berger Paints (Sell)
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Updated on
CMP: ₹759.30
Berger’s top line growth expanded 25 per cent (y-o-y) to ₹2,110 crore; growth was driven by a strong performance in its decorative business (+30 per cent y-o-y). Low-cost inventory aided the gross margin expansion of 310 basis points. However, aggressive marketing and advertising spends (during the Diwali period) offset some of these gains at the operating level.
Management stated faster recovery would be seen in FY2022, with recovery in re-painting activities and new construction activities. While the volume trajectory in rural areas and tier II/III cities was sustained, the recovery in metro and tier I cities boosted the overall volume performance in the quarter gone by. ....

India General , Sri Lanka , Chola Securities , Berger Paints , Economic Condition , இந்தியா ஜநரல் , ஸ்ரீ லங்கா , சோழர் பத்திரங்கள் , பெர்கர் வண்ணப்பூச்சுகள் , பொருளாதார நிலை ,

Broker's call: TVS Motor (Underperform) - The Hindu BusinessLine


Broker s call: TVS Motor (Underperform)
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Updated on
CMP: ₹640.15
In Q3-FY21, TVS Motor Company has reported highest ever quarterly revenue of ₹5,390 crore (up 30.7 per cent/17.1 per cent y-o-y/q-o-q). This was led by a 20 per cent y-o-y increase in volumes and 8.5 per cent increase in ASPs on account of blended price hike of 1 per cent in October 2020.
The company undertook an additional blended price hike in January 2021 of 2 per cent (in both domestic & export markets). The demand recovery has been led by premium brands resulting in an improvement in mix to 37 per cent (vs 34 per cent in Q3-FY20).
Management expects the recovery momentum to sustain going forward. ....

India General , Motor Company , Chola Securities , Tvs Motor , Quarterly Revenue , இந்தியா ஜநரல் , மோட்டார் நிறுவனம் , சோழர் பத்திரங்கள் , தொலைக்காட்சிகள் மோட்டார் , காலாண்டு வருவாய் ,

Broker's call: KEC International (Buy) - The Hindu BusinessLine

Chola SecuritiesKEC International (Buy)Target: ₹460CMP: ₹397.30KEC International’s Q3-FY21 revenues came in at ₹3,280 crore, up 7 per cent y-o-y and 1 per cent q-o-q, aided by the growth in non- T&amp ....

India General , Chola Securities , Kec International , Civil And Railways , இந்தியா ஜநரல் , சோழர் பத்திரங்கள் , கேக் சர்வதேச , சிவில் மற்றும் ரயில்வே ,