Analyst Stock Recommendations: Castrol India, PI Industries, Escorts
- Castrol India Ltd. cut to ‘hold’ at Edelweiss Capital; Price target: Rs 142
- PI Industries Ltd. cut to ‘reduce’ at Edelweiss Capital; Price target: Rs 2,718
- Escorts Ltd. cut to ‘hold’ at Canara Bank; Price target: Rs 1,584
Stocks Linked To Renewable Energy, Transition Fuels Advance
- Shares of companies related to renewable energy and transition fuels rise after PM Narendra Modi pledged to make India reach net-zero by 2070 at the COP26 climate summit.
- In Focus: NTPC, Tata Power, Borosil Renewables
VRL Logistics Climbs 13% On Q2 Beat
Shares of VRL Logistics Ltd. rose over 13% in intraday trade, the biggest gain in over five weeks, to Rs 429.2 apiece, after the company reported net income and revenue above average analyst estimate in the September quarter.
Second Quarter Results (Consolidated, YoY)
- Revenue up 45% at Rs 636.36 crore Vs Rs 439.25 crore (Bloomberg Consensus Estimate: Rs 555 crore
- Net profit up 60% at Rs 49.47 crore Vs Rs 30.88 crore (Bloomberg Consensus Estimate: Rs 27.7 crore)
- Ebitda up 30% at Rs 113.28 crore Vs Rs 86.91 crore
- Margin at 17.8% Vs 19.8%
Of the fourteen analysts tracking the company, thirteen maintained ‘buy’ and one maintained ‘sell’ recommendations. The overall consensus price of analysts tracking the company implied a downside of 2.7%.
Trading volume on the stock was 18.9 times the 30-day average volume, for this time of the day.