On the macros side, we will continue to look at bond yields and crude prices. We believe these are two biggest factors which can dampen the Indian market rally, says Sumit Bilgaiyan, Founder of Equity99.
The Dalal Street could watch out for reactions of Q4 numbers of Nifty companies. HDFC, Kotak Mahindra Bank will announce Q4 earnings on April 30. Dabur and Hindustan Media Ventures will post their earnings the next day.
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The market will be closed on Tuesday due to Maharashtra Day. So, we will have only four trading days in this week.
On the macros side, the market will continue to look at bond yields and crude prices. We believe these are two biggest factors which can dampen the Indian market rally.
In US and Europe, results season is still going on. Particularly post Caterpillar and GE’s disappointing numbers we will closely watch for coming companies numbers, especially related to the old economy.
In FANG stock, Facebook has posted a very good set of numbers. We might see some relief rally in high beta US counters on back of this. So, in nutshell, next week's trend will be decided on the basis of quarterly earnings, the trend in global markets.
Salasar Techno Engineering enjoys 42% market share and all the major telecom operators are its customers having a long-term business relationship. The company has a technical tie-up with Rambol International for manufacturing and designing world-class telecom towers of various qualities and range.
The current EBITDA margin is around 10%, which is expected to increase up to 11-11.5% on the back of huge order book, consistent demand and new projects for which the company has already submitted a bid.
In FY17 Salasar Techno doubled its galvanizing capacity from 50,000 metric tons to 1,00,000 metric tons. Salasar Techno currently has an EV/EBIT of 9.72%.
At the current market price of Rs 387, the company is trading at 11x multiple for FY19. We are recommending a buy with a target of Rs 445.
Vinyl Chemicals is a Pidilite group company. It is in the business of selling various specialty chemicals mainly to textile, paints and adhesive sectors. Vinyl Acetate Monomer (VAM) was manufactured in the plant located at Mahad in Raigad District, Maharashtra, India and was sold all over the world. Vinyl had a major share of the business of this product in India.
During 2007, the said plant was de-merged to resultant parent company Pidilite Industries for strategic reasons. However, the company's main focus remains in its product “Vinyl Acetate Monomer" (VAM). The VAM is now imported/sourced from various Global suppliers and distributed/traded in India.
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In US and Europe, results season is still going on. Particularly post Caterpillar and GE’s disappointing numbers we will closely watch for coming companies numbers, especially related to the old economy.
In FANG stock, Facebook has posted a very good set of numbers. We might see some relief rally in high beta US counters on back of this. So, in nutshell, next week's trend will be decided on the basis of quarterly earnings, the trend in global markets.
Salasar Techno Engineering enjoys 42% market share and all the major telecom operators are its customers having a long-term business relationship. The company has a technical tie-up with Rambol International for manufacturing and designing world-class telecom towers of various qualities and range.
The current EBITDA margin is around 10%, which is expected to increase up to 11-11.5% on the back of huge order book, consistent demand and new projects for which the company has already submitted a bid.
In FY17 Salasar Techno doubled its galvanizing capacity from 50,000 metric tons to 1,00,000 metric tons. Salasar Techno currently has an EV/EBIT of 9.72%.
At the current market price of Rs 387, the company is trading at 11x multiple for FY19. We are recommending a buy with a target of Rs 445.
Vinyl Chemicals is a Pidilite group company. It is in the business of selling various specialty chemicals mainly to textile, paints and adhesive sectors. Vinyl Acetate Monomer (VAM) was manufactured in the plant located at Mahad in Raigad District, Maharashtra, India and was sold all over the world. Vinyl had a major share of the business of this product in India.
During 2007, the said plant was de-merged to resultant parent company Pidilite Industries for strategic reasons. However, the company's main focus remains in its product “Vinyl Acetate Monomer" (VAM). The VAM is now imported/sourced from various Global suppliers and distributed/traded in India.
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Vinyl Chemicals India will maintain its major presence in the field of trading of various Speciality Chemicals in future all over the world. Currently, the stock is trading at 20x which we think is quite an attractive level given the bright future prospects and pedigree of Pidilite group.
Vinyl Chemicals will yield maximum benefits from structural changes are happening in the chemical industry. Be it production cuts from Chinese companies or continuously rising demand from Asian conglomerates. Vinyl Chemicals has all the ingredients to outpace the industry growth. We recommend a buy with a target of Rs 131.
Vinyl Chemicals will yield maximum benefits from structural changes are happening in the chemical industry. Be it production cuts from Chinese companies or continuously rising demand from Asian conglomerates. Vinyl Chemicals has all the ingredients to outpace the industry growth. We recommend a buy with a target of Rs 131.
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