Reviews

HINDUSTAN UNILEVER 

Ticker : 500696
FV:  Rs 1 52-Week H/L: Rs 1807.75/1241.30

We had recommended Hindustan Unilever in Volume No 35, Issue No 02 (dated Oct 29, 2018), when the scrip was trading at Rs 1569. Our recommendation was based on factors like strong financial performance and new product launches. During the quarter ended September 2018, the company’s premium products witnessed higher growth which forms 25 percent of the total revenue. With product innovation, the company continues to focus on premiumisation yet maintaining affordability aspect. The volume growth would continue to drive the company’s top-line. Also, the rising demand from rural areas is driving its volume growth. It has strong positive prospects over the medium term. But as our target price was achieved, we recommended our investors to BOOK PROFIT on Nov. 28, 2018. 

TUBE INVESTMENTS OF INDIA LTD. 

Ticker: 540762
FV:  Rs 1  52-Week H/L: Rs 324/211

We had recommended Tube Investments in Volume No 34, Issue No 52 (dated Oct 15, 2018), when the scrip was trading at Rs 288. Our recommendation was based on factors like strong financial performance and huge order book. The consolidated revenue for Q2FY19 came in at Rs 1,495 crore, as against Rs 1,284 crore in Q1FY18, registering an increase of 16.4 per cent YoY. Its EBITDA for the quarter rose by 30.4 percent YoY to Rs 146 crore, with EBITDA margin improving from 9 per cent to 10 percent. PAT grew by 52.3 per cent YoY from Rs 44 crore to Rs 67 crore. Recently, it launched new product TMT bars. We expect upside in the stock price in near term and hence urge investors to HOLD the scrip.