External broker reports(aggregated public sources), 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

Crompton Greaves Consumer Electricals / Equity Bottom-Up

Crompton Greaves Consumer Electricals (CROMPTON IN)

<ul><li>We met the management of Crompton which reiterated its commitment to an absolute profit-led growth mindset</li><li>The summer season has started on a positive note and Crompton has taken a 4-5% price hike in fans (cumulatively over the last few months) which has helped recoup all but 150bps cost increase (BEE rating change led)</li><li>In the medium term, fans are poised for double-digit growth, led by (1) an increasing premium mix (25% vs industry average of 40%) (2) a shift from unorganized to organized (BEE rating change every two years) and (3) focus on scaling up the non-ceiling portfolio (TPW)</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 met the management of Crompton which reiterated its commitment to an absolute profit-led growth mindsetThe summer season has started on a positive note and Crompton has taken a 4-5% price hike in fans (cumulatively over the last few months) which has helped recoup all but 150bps cost increase (BEE rating change led)In the medium term, fans are poised for double-digit growth, led by (1) an increasing premium mix (25% vs industry average of 40%) (2) a shift from unorganized to organized (BEE rating change every two years) and (3) focus on scaling up the non-ceiling portfolio (TPW)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.

Crompton Consumer: BGAL to Be a Near-Term Drag. Maintain BUY