Goldman Sachs, which was strategically overweight on India since March 2014, has turned slightly cautious towards Indian market in 2018 and lowered its investment view to marketweight from overweight earlier.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Bata India, Indraprastha Gas and M&M Financial Services and advises holding Jain Irrigation Systems while he suggests selling Rico Auto.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Ajanta Pharma and PVR and buy Delta Corp.
Profit of the company in last financial year grew by 63 percent to Rs 48.5 crore with revenue growth of 7 percent at Rs 1,079 crore compared with previous year.
SP Tulsian of sptulsian.com in an interview to CNBC-TV18 shares his views on quarterly earnings of companies like Tube Investments, Pricol and Rico Auto among others. He also explains impact of goods and services tax (GST) on certain stocks.
With fairly good performance likely in both the domestic and export markets, Rico Auto should be able to grow revenue by 15-20 percent this financial year, says Chairman, CEO & MD Arvind Kapur.
Rico Auto has reported a consolidated total income from operations of Rs 271.74 crore and a net profit of Rs 15.58 crore for the quarter ended Jun '16
L&T | ICICI Bank | IRB Infrastructure | Motherson Sumi | Quess Corp | BPCL | Rane Madras | Fortune Financial Services | Century Plyboards | Premier | Rico Auto | Nirlon | CCL Products | Heritage Foods | Kingfa Science | NCL Industries | Narayana Hrudayalaya and KEC International are stocks, which are in the news today.
L&T | ICICI Bank | IRB Infrastructure | Motherson Sumi | Quess Corp | BPCL | Rane Madras | Fortune Financial Services | Century Plyboards | Premier | Rico Auto | Nirlon | CCL Products | Heritage Foods | Kingfa Science | NCL Industries | Narayana Hrudayalaya and KEC International are stocks, which will be in the news on Monday.
The funding for the Rajasthan plant will mainly be through internal accruals and if there is shortfall only then will Rico Auto approach banks, said CMD Arvind Kapur.
"The company has laid the foundation stone for a new manufacturing plant at Pathredi, Bhiwadi, Rajasthan for the manufacturing of auto components on July 7," says the company in its filing.
ICICI Bank | Coal India | Tata Power | Quick Heal | IFB Industries | Gujarat NRE Coke | Edelweiss Financial Services | United Spirits | Rico Auto | Shriram EPC | Igarashi Motors and Greaves Cotton are stocks, which are in the news today.
Bharti Airtel | JSW Energy | Ceat | Exide Industries | Kansai Nerolac | KPIT Tech | Shriram City Union Finance | INOX Leisure | Elecon Engineering and GATI are stocks, which are in the news today.
Speaking to CNBC-TV18, Arvind Kapur, CMD of the company says lower trading income led to fall in revenues in the quarter ended December 31.
Rico Auto has reported a consolidated total income from operations of Rs 258.77 crore and a net profit of Rs 8.76 crore for the quarter ended Dec '15
Rajat Bose of rajatkbose.com feels that Rico Auto may test Rs 51.25.
CNBC-TV18 learns that leading suppliers like Rico Auto and Shriram Pistons have been slapped with an 18 percent penal rate of interest over retrospective price increase in their contracts.
Pankaj Jain of Sunteck Wealthmax advises buying S H Kelkar & Company with a target of Rs 225.
Simi Bhaumik of simibhaumik.com recommends exiting Dena Bank and expects rally in HCL Infosystems towards Rs 75-80.