Nirmal Bang

Nirmal Bang, one of the leading stock broking companies in India, caters to retail and institutional clients by offering them a range of financial products and services, including equities, derivatives, commodities, currency derivatives, mutual funds, IPOs, insurance, depository services and PMS.

Nirmal Bang is drawn from a diversity of professional backgrounds, and blend of experience, skill and dedication is shared with its clients. Nirmal Bang emphasizes adequate, thorough research local and world-wide developments, balancing these with the astute discovery of intrinsic values, synergies and growth. The aim is simply to help the investors to maximize their returns.

A Relationship Beyond Broking

External broker reports(aggregated public sources), Nirmal Bang

External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>R<span style="font-size: var(--content-font-size);">evenue ahead of estimate driven by improving product mix and higher realisation</span></li><li><span style="font-size: var(--content-font-size);">Ke</span><span style="font-size: var(--content-font-size);">y beneficiary of a multi-year CV upcycle: We see strong multi-year CV upcycle over the next 2-3 years</span></li></ul><div><div><div><div><ul><li>Rising share of high-margin products &amp; cost-control initiatives to drive margins: Increasing share of more rofitable Parabolic Springs (share of Parabolic Springs has risen to ~37-40% in the last two quarters vs. ~22% FY19) due to vehicle premiumisation should lead to improvement in product mix and profitability.</li></ul></div></div></div></div><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>

Revenue ahead of estimate driven by improving product mix and higher realisationKey beneficiary of a multi-year CV upcycle: We see strong multi-year CV upcycle over the next 2-3 yearsRising share of high-margin products &amp; cost-control initiatives to drive margins: Increasing share of more rofitable Parabolic Springs (share of Parabolic Springs has risen to ~37-40% in the last two quarters vs. ~22% FY19) due to vehicle premiumisation should lead to improvement in product mix and profitability.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.

Jamna Auto Industries - Ideal Play on CV Upcycle; Resume with Buy