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ABCAPITAL

call date:19-Dec-2018
Potential gain
43.44 %
Recommended Price(`) : 100.50
CMP(`)97.60
TARGET(`)140.00
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NEWS

Welspun trades in green despite reporting consolidated net loss of Rs 78 crore in Q4
24 May 15:27

Welspun India is currently trading at Rs. 57.70, up by 2.75 points or 5.00% from its previous closing of Rs. 54.95 on the BSE.The scrip opened at Rs. 55.55 and has touched a high and low of Rs. 58.65 and Rs. 54.25 respectively. So far 337777 shares were traded on the counter.The BSE group `A` stock of face value Rs. 1 has touched a 52 week high of Rs. 78.20 on 07-Sep-2018 and a 52 week low of Rs. 46.25 on 18-Feb-2019.Last one week high and low of the scrip stood at Rs. 58.65 and Rs. 52.05 respectively. The current market cap of the company is Rs. 5782.19 crore.The promoters holding in the company stood at 68.48%, while Institutions and Non-Institutions held 18.61% and 12.91% respectively.The company has reported a net loss of Rs 43.70 crore for the quarter ended March 31, 2019 against net profit of Rs 72.78 crore for the same quarter in the previous year. However, total income of the company increased by 4.09 % at Rs 1,301.69 crore for Q4FY19 as compared Rs 1,250.57 crore for the corresponding quarter previous year.On the consolidated basis, the company has reported a net loss of Rs 78.43 crore for the quarter under review against net profit of Rs 89.86 crore for the same quarter in the previous year. However, total income of the company increased by 4.30% at Rs 1,600.94 crore for Q4FY19 as compared Rs 1,534.92 crore for the corresponding quarter previous year.For the year ended March 31, 2019, the company has reported a fall of 53.38% in its net profit at Rs 141.77 crore as compared to Rs 304.10 crore for the previous year. However, total income of the company increased by 8.45% at Rs 5,478.31 crore for year under review as compared to Rs 5,051.42 crore for year ended March 31, 2018.For the year ended March 31, 2019, on the consolidated basis, the company has reported a fall of 43.20 % in its net profit at Rs 226.17 crore as compared to Rs 398.18 crore for the previous year. However, total income of the company increased by 7.77% at Rs 6,608.44 crore for year under review as compared to Rs 6,131.79 crore for year ended March 31, 2018.

DLF strengthens on targeting 10% increase in sales bookings in FY20
24 May 15:16

DLF is currently trading at Rs. 190.95, up by 10.35 points or 5.73% from its previous closing of Rs. 180.60 on the BSE.The scrip opened at Rs. 182.40 and has touched a high and low of Rs. 193.00 and Rs. 181.00 respectively. So far 1654158 shares were traded on the counter.The BSE group `A` stock of face value Rs. 2 has touched a 52 week high of Rs. 223.40 on 30-Aug-2018 and a 52 week low of Rs. 141.20 on 19-Oct-2018.Last one week high and low of the scrip stood at Rs. 193.00 and Rs. 168.30 respectively. The current market cap of the company is Rs. 42157.94 crore.The promoters holding in the company stood at 71.91%, while Institutions and Non-Institutions held 22.43% and 5.66% respectively.DLF is targeting a 10 percent increase in sales bookings for the current financial year (FY20) at around Rs 2,700 crore, on hopes of an increase in housing demand. Sales bookings of the company more than doubled to Rs 2,435 crore in 2018-19 from Rs 1,000 crore in the previous year.The company continued to see good sales in the residential segment. It has started monetising its ready to occupy inventory across the country in the premium and luxury segments. It is now gearing towards the next cycle of development and is planning to build 17 million sq ft of residential and commercial space in the near future.DLF is one of India`s biggest property developers. The company’s primary business is development of residential, commercial and retail properties. The company has a unique business model with earnings arising from development and rentals.

JSW Steel reports Profit after tax of Rs 17450.00 Mln, in the March 2019 quarter
24 May 15:07

The revenue for the March 2019 quarter is pegged at Rs. 197010.00 millions against Rs. 201590.00 millions recorded during the year-ago period.The Net proft of the company remain more or less same to Rs. 17450.00  millions from Rs. 22350.00 millions ,decline by -21.92%.The company reported a degrowth in operating Profit to 44240.00 millions from 51160.00 millions. (Rs. in Million) Quarter ended Year to Date Year ended 201903 201803 % Var 201903 201803 % Var 201903 201803 % Var Sales 197010.00 201590.00 -2.27 767270.00 677230.00 13.30 767270.00 677230.00 13.30 Other Income 830.00 730.00 13.70 5190.00 2130.00 143.66 5190.00 2130.00 143.66 PBIDT 44240.00 51160.00 -13.53 189220.00 139540.00 35.60 189220.00 139540.00 35.60 Interest 9560.00 8730.00 9.51 37080.00 35910.00 3.26 37080.00 35910.00 3.26 PBDT 34680.00 42430.00 -18.27 152140.00 101290.00 50.20 152140.00 101290.00 50.20 Depreciation 8650.00 7810.00 10.76 33970.00 30540.00 11.23 33970.00 30540.00 11.23 PBT 26030.00 34620.00 -24.81 118170.00 70750.00 67.02 118170.00 70750.00 67.02 TAX 8580.00 12270.00 -30.07 35580.00 24500.00 45.22 35580.00 24500.00 45.22 Deferred Tax 4400.00 3730.00 17.96 12100.00 8720.00 38.76 12100.00 8720.00 38.76 PAT 17450.00 22350.00 -21.92 82590.00 46250.00 78.57 82590.00 46250.00 78.57 Equity 2400.00 2410.00 -0.41 2400.00 2410.00 -0.41 2400.00 2410.00 -0.41 PBIDTM(%) 22.46 25.38 -11.52 24.66 20.60 19.69 24.66 20.60 19.69

Varroc Engineering reports Profit after tax of Rs 82.90 Mln, in the March 2019 quarter
24 May 14:51

The revenue for the March 2019 quarter is pegged at Rs. 6137.46 millions, about 10.14% up against Rs. 5572.33 millions recorded during the year-ago period.The Net Profit of the company slipped to Rs. 82.90 millions from Rs. 173.98 millions, a decline of -52.35% on QoQ basis.A decline of 532.73 millions was observed in the OP in the quarter ended March 2019 from 644.55 millions on QoQ basis. (Rs. in Million) Quarter ended Year to Date Year ended 201903 201803 % Var 201903 201803 % Var 201903 201803 % Var Sales 6137.46 5572.33 10.14 6137.46 5572.33 10.14 6137.46 5572.33 10.14 Other Income 94.90 70.00 35.57 94.90 70.00 35.57 94.90 70.00 35.57 PBIDT 532.73 644.55 -17.35 532.73 644.55 -17.35 532.73 644.55 -17.35 Interest 94.47 106.32 -11.15 94.47 106.32 -11.15 94.47 106.32 -11.15 PBDT 438.26 538.23 -18.57 438.26 538.23 -18.57 438.26 538.23 -18.57 Depreciation 286.46 255.87 11.96 286.46 255.87 11.96 286.46 255.87 11.96 PBT 151.80 282.36 -46.24 151.80 282.36 -46.24 151.80 282.36 -46.24 TAX 68.90 108.38 -36.43 68.90 108.38 -36.43 68.90 108.38 -36.43 Deferred Tax 22.89 43.97 -47.94 22.89 43.97 -47.94 22.89 43.97 -47.94 PAT 82.90 173.98 -52.35 82.90 173.98 -52.35 82.90 173.98 -52.35 Equity 134.81 134.81 0.00 134.81 134.81 0.00 134.81 134.81 0.00 PBIDTM(%) 8.68 11.57 -24.96 8.68 11.57 -24.96 8.68 11.57 -24.96

ICRA zooms on getting NCLT’s nod to merge two wholly owned subsidiaries
24 May 14:47

ICRA is currently trading at Rs. 2960.00, up by 68.00 points or 2.35% from its previous closing of Rs. 2892.00 on the BSE.The scrip opened at Rs. 2890.00 and has touched a high and low of Rs. 2960.00 and Rs. 2890.00 respectively.The BSE group `B` stock of face value Rs. 10 has touched a 52 week high of Rs. 4000.00 on 09-Aug-2018 and a 52 week low of Rs. 2833.00 on 06-Mar-2019.Last one week high and low of the scrip stood at Rs. 3040.00 and Rs. 2880.00 respectively. The current market cap of the company is Rs. 2789.21 crore.The promoters holding in the company stood at 51.87%, while Institutions and Non-Institutions held 37.70% and 10.44% respectively.ICRA has received approval from National Company Law Tribunal (NCLT), New Delhi, for scheme of amalgamation filed by ICRA Management Consulting Services. The said scheme of amalgamation will be effective upon sanctioning of the scheme filed by the ICRA Online by the NCLT, Kolkata.Earlier, the company had proposed merger of two wholly-owned subsidiaries, ICRA Online, engaged in outsourcing and information services, and ICRA Management Consulting Services, which is involved in consulting services.ICRA is an independent and professional investment Information and credit rating agency. The company operates through four segments - Rating, research and other services; Consulting services; Outsourced and Information services, and Professional and IT Services.

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