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

<p>Management said that since resin prices have seemingly bottomed out, dealers would restock inventory. Along with a demand uptick, this should cause a sales rebound in Q4FY22. We maintain BUY on Supreme Industries (SIL), with an SOTP-based TP of INR 2,650/share. In Q3FY22, the pipes sales slump (in Nov-21) moderated SIL's consolidated revenue growth, which was down 5% YoY to INR 19.5bn.</p><div class="content-highlight"><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></div>

Management said that since resin prices have seemingly bottomed out, dealers would restock inventory. Along with a demand uptick, this should cause a sales rebound in Q4FY22. We maintain BUY on Supreme Industries (SIL), with an SOTP-based TP of INR 2,650/share. In Q3FY22, the pipes sales slump (in Nov-21) moderated SIL's consolidated revenue growth, which was down 5% YoY to INR 19.5bn.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.

Supreme Industries (Q3FY22 Result update): Weak transient demand. Maintain BUY