Net Sales are expected to increase by 14 percent Y-o-Y (up 6.5 percent Q-o-Q) to Rs. 1,088.3 crore, according to Sharekhan.
Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 59 points or 0.51 percent. Nifty futures were trading around 11,411-level on the Singaporean Exchange.
Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 18.5 points or 0.16 percent. Nifty futures were trading around 11,492-level on the Singaporean Exchange.
Anticipating the future growth potential of the auto component industry and the positioning of the company as a multi-product and multi-location company, we feel that it has high growth potential.
The city-based TVS Group company recorded net profits at Rs 90.43 crore during the corresponding period year ago.
Siddharth Sedani of Anand Rathi says strong demand for capital and consumption goods is likely to continue
Along with ASM, auditor resignation in few companies made market environment nervous which reflected through lack of buying interest among retail and HNI investors
The city-based company had registered standalone net profits at Rs 87.66 crore during corresponding period of last year. For the financial year ending March 31, 2018, standalone profits surged 16.47 percent to Rs 367.47 crore from Rs 315.48 crore registered during year-ago period.
Krishna, who founded the company in the 1964, will continue to be a Director and Chairman of the Board, the company said in a statement.
Prakash Gaba of prakashgaba.com is of the view that one can buy Greaves Cotton and Sundram Fasteners.
Ashwani Gujral of ashwanigujral.com recommends buying Indiabulls Housing Finance, Motilal Oswal, Biocon, Titan Company an Motherson Sumi Systems.
Sundram Fasteners Ltd, part of the USD 7.2 billion TVS Group, has recorded a 21.6 percent rise in net profits for the third quarter ending December 31, 2017 at Rs 91.66 crore.
During the corresponding quarter in the previous year, the city-based auto-component manufacturer had posted a standalone net profit of Rs 76.93 crore.
Ashwani Gujral of ashwanigujral.com recommends buying GAIL India, BASF, Bharat Forge, Ashok Leyland and EID Parry.
Mayur Uniquoters, Voltamp Transformers, Sundram Fasteners are on the radar.
Joindre Capital is bullish on Sundram Fasteners has recommended buy rating on the stock with a target price of Rs 600 in its research report dated 07 September 2017.