MAHINDRA CIE, Healthy quarter with promising growth outlook… Call & Research Report by ICICI Securities Sector: Auto Ancillaries – Castings/Forgings CMP Rs. 415, Target Rs. 500 (21% upside potential) Target Period: 12 Months Mahindra CIE (MCI), part of the Spain-based CIE Automotive Group, is a multi-technology, multi-product automotive component supplier. ● CY22 consolidated revenue mix […]
Read more..SONATA SOFTWARE, Aiming to reach, half a billion-dollar IT services revenues by FY26/27, acquires Quant systems Call & Research Report by ICICI Securities Sector: IT Services & Consulting CMP Rs. 706, Target Rs. 835 (18% upside potential) Target Period: 12 Months Sonata Software (Sonata) offers IT services (30%) and product licensing & deployment (70%). ● […]
Read more..CYIENT, Challenges ebbing steadily – re-rating on the cards Call & Research Report by Motilal Oswal Sector: IT Services & Consulting CMP Rs. 966, Target Rs. 1170 (21% upside potential) Target Period: 12 Months ● Cyient (CYL)’s operating performance has inherently been subdued over the past several years as a few of its growth engines […]
Read more..DEEPAK NITRITE, Headwinds to persist as new capacities are added Call & Research Report by Motilal Oswal Sector: Commodity Chemicals CMP Rs. 1789, Target Rs. 1890 (7% upside potential) Target Period: 12 Months ● The phenol/acetone spread over raw materials has declined 16% YoY to INR90/kg during 2HFY23 till date (v/s INR107/kg in 2HFY22) on […]
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March 3, 2023
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