Reviews

GREAVES COTTON 

Ticker : 501455
FV: Rs 2
52-Week H/L: Rs 158.55/112.45 

We had recommended Greaves Cotton in Volume No 34, Issue No 38 (dated July 9, 2018), when the scrip was trading at Rs 138. Our recommendation was backed by factors like high volume growth and new product launches. The company has entered into many strategic partnerships with multiple brands. It is also expanding its product portfolio considering the growth in the farm equipments industry. The government spending on infrastructure development in FY19 is expected to be more than FY18. The company can also benefit from the development of electric vehicles, targeted to be on the roads by 2030. On a long term basis, the company has bright prospects for growth. But as our target price was achieved, we recommended our investors to BOOK PROFIT for the scrip on August 8, 2018

 

MAHINDRA & MAHINDRA 

Ticker: 500520
FV: Rs 5
52-Week H/L: Rs 945/612.50 

We had recommended Mahindra & Mahindra in Volume No 34 Issue No 37 (dated July 2, 2018) when the scrip was trading at Rs 907. Our recommendation was backed by factors like robust financial performance in FY18, extensive capacity expansion and launch of new vehicle models. In Q1FY18, the company continued delivering robust numbers where revenue and PAT grew by 16 per cent and 63 per cent, respectively, on YoY basis. In the June quarter, the company exports were up by 100.2 per cent. The tractor business is giving momentum to the company’s growth. With the onset of good monsoon, the tractors volume grew by 20 per cent in the month of July. The outlook for FY19 is strong and hence we urge investors to HOLD the scrip.