Ipca Laboratories with a target price of Rs 2335. The current market price of Ipca Laboratories Ltd. is Rs 2220.
Ipca Laboratories Ltd., incorporated in the year 1949, is a Mid Cap company (having a market cap of Rs 28015.29 Crore) operating in Pharmaceuticals sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 1425.21 Crore, up 3.53 % from last quarter Total Income of Rs 1376.55 Crore and up 15.78 % from last year same quarter Total Income of Rs 1230.99 Crore. Company reported net profit after tax of Rs 269.77 Crore in latest quarter.
The stock is on the verge of a breakout, forming a cup & handle neckline placed at Rs 2,230. A successful breakout on healthy volumes will trigger an up move to levels of Rs 2,335. Further, it took support at the 50 per cent Fibonacci retracement level and turned upwards, confirming bullishness. Moreover, RSI has formed a positive reversal as well, suggesting higher levels.
The shares of
PI Industries were trading 1 per cent higher in early trade on May 20 after the company announced its Q4 earnings yesterday. The current market price of PI Industries Ltd. is Rs 2595.35.
PI Industries Ltd., incorporated in the year 1946, is a Large Cap company (having a market cap of Rs 39900.35 Crore) operating in Pesticides/Agro Chemicals sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 1241.30 Crore, up 3.36 % from last quarter Total Income of Rs 1201.00 Crore and up 44.00 % from last year same quarter Total Income of Rs 862.00 Crore. Company reported net profit after tax of Rs 179.90 Crore in latest quarter.
ICICI Securities has buy call on
Heritage Foods with a target price of Rs 400. The current market price of Heritage Foods Ltd. is Rs 338.85.
Heritage Foods Ltd. key Products/Revenue Segments include Dairy And Food Processing, Other Operating Revenue and Sale of services for the year ending 31-Mar-2020.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 622.90 Crore, up 2.79 % from last quarter Total Income of Rs 606.02 Crore and down -21.28 % from last year same quarter Total Income of Rs 791.33 Crore. Company reported net profit after tax of Rs 25.60 Crore in latest quarter.
The brokerage believes the reduction in milk procurement prices by Rs3- 4/Ltr in Q1FY22 is not sustainable and may benefit only in H1FY22. It models Heritage to report PAT CAGR of 8% over FY21-FY23. It maintains BUY with a target price of Rs400 (10x FY23E).
ICICI Securities has add call on
Prism Johnson with a target price of Rs 150. The current market price of Prism Johnson Ltd. is Rs 141.45.
Prism Johnson Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 7117.46 Crore) operating in Cement sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 1862.48 Crore, up 21.56 % from last quarter Total Income of Rs 1532.15 Crore and up 24.77 % from last year same quarter Total Income of Rs 1492.76 Crore. Company reported net profit after tax of Rs 154.57 Crore in latest quarter.
The brokerage downgrades the stock to ADD from Buy post ~60% stock return over the past four months and reasonable valuation at 7.5xFY23E EV/E. Key risk: Lower than expected demand / prices across segments.