Sakshi Batra does a 3 Point Analysis of the quarterly performance of these companies to understand the sector dynamics and the way forward.
The performance of business has benefitted from the stabilisation in industrial demand post the introduction of Goods and Services Tax last year.
Anand Rathi is bullish on Everest Industries has recommended buy rating on the stock with a target price of Rs 575 in its research report dated October 29, 2018.
UltraTech had claimed that Everest was using the marks ‘Ultratruf’ and ‘A One Ultratruf’ to sell cement, which was deceptively similar to its registered trademark ‘UltraTech’.
It was a turnaround quarter of earnings for Everest Industries as the steel products business became profitable while EBITDA and profit after tax (PAT) put up a strong show. In an interview to CNBC-TV18, Manish Sanghi, MD, Everest Industries spoke about the results and his outlook for the company.
Everest Industries posted a steady set of first quarter earnings. In an interview to CNBC-TV18, Manish Sanghi, MD of Everest Industries spoke about the results and gave his outlook for the company.
The company has recommended a dividend at 10 percent (Re 1) for the financial year ended March 31, 2017.
On February 27, 2017 SBI Mutual Fund sold 8,03,756 shares of Everest Industries at Rs 188.25.
Centrum recommended hold rating on Everest Industries with a target price of Rs 160 in its research report dated January 31, 2017.
In an interview with CNBC-TV18, Manish Sanghi said that he expects normalcy to return in the fourth quarter and sees a volume uptick compared to Q3.
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Centrum recommended hold rating on Everest Industries with a target price of Rs 270 in its research report dated October 25, 2016.
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Revenues in the first quarter ended June saw a 13 percent decline ad the business was hit because of low volumes and minimum import price (MIP) imposed by the government, says Manish Sanghi, MD of Everest Industries.
Bharti Airtel | PNB | Sun Pharma | Tata Steel | Asian Paints | NHPC | L&T Infotech | MOIL | Mahindra & Mahindra | Torrent Pharma | Lumax Auto | Sagar Cements | Everest Industries and Indian Hume Pipe are stocks, which are in the news today.
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Everest Industries today reported a 17 percent increase in its net profit at Rs 11.9 crore for the March quarter.