Reviews

ACC

Ticker: 500410
FV: Rs.10 
52-Week H/L: Rs. 1856/1255

We had recommended ACC Ltd. in Volume No 35, Issue No 01 (dated Oct 22, 2018), when the scrip was trading at Rs 1518. Our recommendation was backed by factors like capacity ramp-up and expected uptick in demand in construction and infrastructure sectors led by normal monsoon. During Q3CY18, the revenue was up by 10.1 percent YoY from Rs 3054.5 crore to Rs 3364 crore led by demand in premium products. EBITDA was up by 5.8 percent YoY to Rs 374.3 crore and EBITDA margin stood at 11.1 percent. PAT grew by 15.2 percent YoY from Rs 181.5 crore to Rs 209.2 crore due to lower depreciation expenses. The company’s expansion in the eastern region by 5 MT would boost volumes and rising demand for premium products would drive the topline. Thus, we urge investors to HOLD the scrip.



JUST DIAL

Ticker: 535648
FV: Rs.10 
52-Week H/L: Rs. 648/358.30

We had recommended Just Dial in Volume No 34, Issue No 36 (dated June 25, 2018) when the scrip was trading at Rs 565. Our recommendation was backed by factors like attractive valuation and high promotional spending. Later, we had reviewed the scrip in issue no 42 when it was trading at Rs 550 and had recommended a 'hold'. We had again reviewed it in Volume No 35, Issue No 04 and recommended 'hold' due to healthy quarterly numbers. Over the past two months, the stock price has settled at a consolidated level despite healthy numbers delivered by the company. As our target date was met, we recommended to EXIT the scrip. However, considering robust financials and shift towards online advertisement, investors can Hold the scrip over the medium term.