Net Sales are expected to increase by 15.4 percent Y-o-Y (up 37.4 percent Q-o-Q) to Rs. 719.2 crore, according to ICICI Direct.
"Rising volumes and relative strength further indicate that the momentum is likely to extend further. We expect the sock to make an attempt to rally towards its potential target of Rs 276 in the medium term," says Hadrien Mendonca, Senior Technical Analyst at IIFL.
Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 46.5 points or 0.44 percent. Nifty futures were trading around 10,541-level on the Singaporean Exchange.
"At current market price of Rs 246, V-Guard Industries is valued at P/E of 70x on trailing 12 months EPS which is very expensive," says Akash Jain, Vice-president, Equity Research at Ajcon Global Services.
"Healthy return ratios and a cash-rich balance sheet are some of the positives. We maintain our buy rating on the stock," says Sumit Bilgaiyan, Founder of Equity99.
Dharmesh Shah of ICICIdirect.com recommends buying Bajaj Finserv with target at Rs 6095 and stop loss at Rs 5190 and has a buy also on Munjal Showa with target at Rs 269 and Stop loss at Rs 208.
"Nifty moved higher to test its short term moving averages of 20 EMA while strong hurdle comes around 10,460 levels. It has to cross this level for further upside," says Rajesh Agarwal of AUM Capital.
Rajat Bose of rajatkbose.com recommends buying V-Guard Industries and Firstsource Solutions.
Mitessh Thakkar of miteshthacker.com is of the view that one can buy HDFC Life, V Guard Industries and Cholamandalam Investment and can sell Equitas Holdings.
"The index has formed a Bearish Belt hold type of candlestick pattern as opening and intraday were the same. After the last seven days of sideways price action, the index is showing signs of breakdown and resumption of downtrend with new closing low for the decline starting from its all-time high," says Ashish Chaturmohta, Head of Technicals and Derivatives, Sanctum Wealth Management.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy V Guard Industries and Jet Airways and can sell Tata Steel.
Both the companies have been industry leaders and steady performers in the consumer electricals space over the years. This can be predominantly attributed to their robust fundamentals, clearly defined future strategies, and strong execution capabilities.
Edelweiss is bullish on V Guard Industries has recommended hold rating on the stock with a target price of Rs 230 in its research report dated January 23, 2018.
According to Amit Gupta of ICICIdirect, one can buy Axis Bank, SBI, V-Guard Industries, UPL and Adani Ports.
The company today launched 'smart' series of inverters that enable users to access its various functions from a mobile phone/device.
Sharekhan is bullish on V-Guard Industries has recommended buy rating on the stock with a target price of Rs 227 in its research report dated October 26, 2017.
V-Guard Industries came out with a good set of Q2 numbers. In an interview to CNBC-TV18, Mithun Chittilappilly, MD of V-Guard spoke about the results and his outlook for the company.
The corresponding figure during the same period of the previous fiscal is Rs 37.18 crore, V-Guard Industries said in a BSE filing.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy V-Guard Industries, ICICI Prudential Life Insurance Company, Indraprastha Gas and IFB Industries and can short Reliance Infra.
Bajaj Electricals, Dixon Technologies, V-Guard, and Veto Switchgears & Cables could be some of the major beneficiaries of the 'Saubhagya' scheme announced by the government earlier this week.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Titan Company, BEML and V-Guard Industries and sell Jaiprakash Associates.
Sharekhan is bullish on V-Guard Industries has recommended buy rating on the stock with a target price of Rs 215 in its research report dated September 14, 2017.
Ashwani Gujral of ashwanigujral.com recommends buying Central Bank of India, Motilal Oswal, Raymond, V-Guard Industries and EID Parry.
Mitessh Thakkar of miteshthacker.com advises buying Colgate Palmolive and V-guard Industries.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Torrent Power, V-Guard Industries and Tata Global Beverage and sell Repco Home Finance and Mindtree.