Reviews

HIMACHAL FUTURISTIC COMMUNICATIONS 

Ticker : 500183 FV: { Rs 1
52-Week H/L: Rs 36.65/11.85 

We had recommended HFCL in Volume No 34, Issue No 26 (dated Apr 16, 2018) when the scrip was trading at Rs 27.95. Our recommendation was backed by factors such as robust financial performance and big projects in the pipeline. The company recently posted robust numbers for Q4FY18. The revenue was up 31.7 per cent YoY, driven by growth in contract and services segment. The EBITDA rose by 104.6 per cent YoY and the EBITDA margin stood at 8 per cent. Its PAT jumped by 85.9 per cent YoY. For FY18, the revenue was up by 49.2 per cent YoY with EBITDA and PAT surging by 45.6 per cent and 25.3 per cent, respectively. Recently, it has teamed up with Vanu and bagged an order from BSNL worth Rs 579 crore. At this level, we urge investors to HOLD the scrip 

KRBL 

Ticker: 530813 FV: { Rs 1
52-Week H/L: Rs 673/371 

We had recommended KRBL in Volume No 34, Issue No 19 (dated Feb 26, 2018) when the scrip was trading at Rs 576. Our recommendation was backed by factors like strong revenue visibility and rising export volumes. For Q4FY18, the company's revenue declined marginally by 4 percent YoY. Its EBITDA was up by 16.3 per cent YoY due to lower raw material costs. However, the higher interest costs and tax led to decline in PAT by 12.8 per cent. Recently, the US has been reinstating sanctions against Iran and Saudi Arabia, which account for 40-45 percent rice exports from India. However, rice being the staple food, the company is optimistic about its exports remaining unaffected. These factors have affected the stock price and we urge investors to reduce the exposure to the stock gradually