External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

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External broker reports(aggregated public sources)

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

Alkyl Amines Chemicals / Equity Bottom-Up

<ul><li>We downgrade Alkyl Amines (AACL) from a REDUCE to a SELL, with a price target of INR 2,100 (WACC 12%, terminal growth 5%)</li><li>The dumping of products by Chinese chemical manufacturers has resulted in a sharp correction in the prices of key products of the company</li><li>AACL has to pass on the benefit of falling raw material prices to its customers in the coming quarters in order to retain its market share</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

We downgrade Alkyl Amines (AACL) from a REDUCE to a SELL, with a price target of INR 2,100 (WACC 12%, terminal growth 5%)The dumping of products by Chinese chemical manufacturers has resulted in a sharp correction in the prices of key products of the companyAACL has to pass on the benefit of falling raw material prices to its customers in the coming quarters in order to retain its market shareContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Alkyl Amines: Testing Times Ahead. Downgrade to SELL