HCL Technologies, Havells India and Wockhardt are on the radar of Reliance Securities
DBL has increased its market share from 8% in FY14 to 11% in FY17, its volume has grown at 23% CAGR Vs 4% of industry over last 5 years. We expect DBL's revenue to grow at 14% CAGR and margins to improve by 70bps over FY17-19E, leading to 55% CAGR in PAT.
Geojit Research recommended accumulate rating on Havells India with a target price of Rs 555 in its research report dated October 25, 2017.
Kotak Securities is bearish on Havells India has recommended sell rating on the stock with a target price of Rs 442 in its research report dated October 24, 2017.
ICICI Direct recommended hold rating on Havells India with a target price of Rs 550 in its research report dated October 24, 2017.
Edelweiss is bullish on Havells India has recommended buy rating on the stock with a target price of Rs 564 in its research report dated October 23, 2017.
Structural demand in consumer durables was weak due to GST, said Anil Rai Gupta, CMD, Havells.
The company had posted a net profit of Rs 145.79 crore during the same period previous fiscal, Havells India said in a regulatory filing.
EBITDA margin may improve quarter-on-quarter due to better product mix (higher revenue contribution from high-margin switchgear segment) and moderate price increase across segments.
Back in August and early September on multiple occasions, Nifty had faced resistance around supply point of 9,930-9,990.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Arvind, Havells India and L&T Finance Holdings and can sell Oriental Bank of Commerce.
Mitessh Thakkar of miteshthacker.com advises buying Cimmco and Havells India.
Ashwani Gujral of ashwanigujral.com recommends buying L&T Finance Holdings, Bata India and Sun TV Network.
Gaurav Bissa of LKP Securities recommends buying Mindtree, Cummins India and Havells India.
As many as 88 stocks hit a fresh 52-week high on the NSE which include names like Jindal Worldwide, Kotak Mahindra Bank, Tata Sponge, Bata India, Muthoot Capital, JBF Industries, TVS Electronics etc. among others.
Ashwani Gujral of ashwanigujral.com recommends buying Edelweiss Financial Services, Raymond and Havells India.
Whenever momentum stocks start falling down and makes a distribution pattern, it is an indication that decline could be big.
Amit Gupta of ICICIdirect expects 10-15 percent upside in GAIL India and Petronet LNG and advises acccumulating Havells India at around Rs 500.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy L&T, Asian Paints, Whirlpool of India, Sun TV Network and Bajaj Finance and advises selling Ajanta Pharma and Dish TV.
The RSI at 62 indicates a favorable buying regime coupled with continued uptrend momentum depicted by MACD at 52 above its Signal Line. Based on Fibonacci retracement a major support will be seen at 9807 and resistance level will be at 10137.
September series' derivative data is stronger than August series as we have been continuously seeing open interest addition post expiry.
Ashwani Gujral of ashwanigujral.com recommends buying Bharti Infratel, Eicher Motors and Havells India.
Chandan Taparia of Motilal Oswal Securities recommends a Bull Call Spread in Infosys and advises buying Havells India and NTPC and suggests selling PNB.
Mitessh Thakkar of miteshthacker.com is of the view that one can sell UPL and buy Havells India.
Ashwani Gujral of ashwanigujral.com recommends buying HDFC, Havells India and Asian Paints.