Shares of V-Guard Industries Ltd on Tuesday settled at Rs 299.80 on BSE, down 0.99 per cent from the previous close.
Its revenue from operations was at Rs 980.83 crore, up 1.37 per cent during the period under review as against Rs 967.56 crore in the corresponding period a year ago.
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The transaction is expected to close by mid of January 2023 and it would be funded through a mix of internal accruals and debt, V-Guard said.
VIL’s growth has been supported by the upgradation of its product portfolio and newer market coverage
V-Guard's total expenses were up 12.51 per cent at Rs 93,026 crore in the second quarter of FY23.
It had posted a net profit of Rs 25.54 crore in the April-June period last fiscal, V-Guard Industries said in a regulatory filing.
he company had posted a net profit of Rs 32.23 crore in the January-March quarter of the previous financial year.
In this edition of Ideas for Profit, Sakshi Batra discusses whether the company will be able to tide over this crisis.
Net Sales are expected to increase by 8.2 percent Y-o-Y (down 7.5 percent Q-o-Q) to Rs. 647 crore, according to Sharekhan.
HDFC Securities is bullish on V-Guard has recommended buy rating on the stock with a target price of Rs 238 in its research report dated February 02, 2019.
Net Sales are expected to increase by 12.2 percent Y-o-Y (down 1 percent Q-o-Q) to Rs. 630 crore, according to HDFC Securities.
Trends on SGX Nifty indicate a flat opening for the broader index in India, a gain of 12 points or 0.11 percent. Nifty futures were trading around 10,971-level on the Singaporean Exchange.
HDFC Securities is bullish on V-Guard has recommended buy rating on the stock with a target price of Rs 246 in its research report dated 01 Aug 2018.
Cholamandalam Securities is bullish on V Guard has recommended buy rating on the stock with a target price of Rs 244 in its research report dated August 02, 2018.
Net Sales are expected to increase by 16.3 percent Y-o-Y (down 1.2 percent Q-o-Q) to Rs. 650 crore, according to HDFC.
The consumer durable market offers immense growth potential as penetration levels of even the most basic electronic goods are in low double-digits
HDFC Securities is bullish on V-Guard has recommended buy rating on the stock with a target price of Rs 253 in its research report dated May 31, 2018.
Net Sales are expected to increase by 14.9 percent Y-o-Y (up 36.8 percent Q-o-Q) to Rs. 716 crore, according to HDFC Securities.
The market breadth was in favour of the advances on Thursday morning with 1158 stocks advancing as against 445 declines while 405 remained unchanged. On the other hand, 1531 stocks advanced and 664 stocks declined while 81 remained unchanged on the BSE.
Edelweiss recommended hold rating on V-Guard with a target price of Rs 175 in its research report dated October 26, 2017.
HDFC Securities is bullish on V-Guard has recommended buy rating on the stock with a target price of Rs 214 in its research report dated September 27, 2017.
Bulls continue their dominance on D-Street and it becomes important for investors to park their money in names which can give steady returns in short to medium term.
It still expects the rally to extend further up to 10,350 which is an upper band of the channel. On the other hand, markets are trading in overbought zone, so we may see some correction in the near term.
After the launch of GST, the next big trigger which will be tracked by market participants will be June quarter results from India Inc. which most experts think could be muted especially for FMCG and auto stocks amid implementation of GST.