SRF

Review of results of SRF, Marico, TVS Motor, Hero Motocorp, City Union Bank | Tech Reddy

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[ad_1] SRF (NS:): We maintain our ADD rating on SRF, with a target price of INR 2,650 on the back of (1) continued healthy performance in the specialty chemicals industry; (2) solid documentation of the best; and (3) deploying CAPEX in the high-growth chemicals industry over the next 3-4 years to support opportunities from the … Read more

Marico, TVS Motor, SRF, City Union Bank, JK Lakshmi Cement, Hero MotoCorp, TTK Prestige, Mahindra Lifespace, Orient Electric Q2 Results Review | Tech Reddy

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[ad_1] Marico Ltd. – Marico posted in-line performance in both revenue and Ebitda margin. Consolidated revenue was up 3% YoY while revenue/volume was up 1/3% YOY (three-year revenue/volume compounded annual growth rates of 11/7% compared to Hindustan Unilever Ltd.’s 10/3 %). TVS Motor Company Ltd. – TVS’s Q2 profit after tax, at $4.1 billion, was … Read more