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

V-Guard Industries Ltd / Equity Bottom-Up

<div><div><div><div><ul><li>Expects double-digit margins going forward: The management highlighted that despite some challenges related to the third covid wave in the first few weeks of 4QFY22, VIL was able to effectively carry forward the momentum from 3QFY22 and end FY22 on a strong note.</li></ul><div><div><div><div><ul><li>Electronics segment sales to recover in 1QFY23: Electronics segment showed a moderate growth due to delayed start to the summer and channel partners unwilling to stock up due to the Omicron wave.</li></ul><div><div><div><div><ul><li>Working capital position &amp; capex plans: As on 4QFY22, NWC days on TTM basis stood at 106 days vs. 102 days QoQ and 83 days on YoY basis.</li></ul></div></div></div></div></div></div></div></div></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>

Expects double-digit margins going forward: The management highlighted that despite some challenges related to the third covid wave in the first few weeks of 4QFY22, VIL was able to effectively carry forward the momentum from 3QFY22 and end FY22 on a strong note.Electronics segment sales to recover in 1QFY23: Electronics segment showed a moderate growth due to delayed start to the summer and channel partners unwilling to stock up due to the Omicron wave.Working capital position &amp; capex plans: As on 4QFY22, NWC days on TTM basis stood at 106 days vs. 102 days QoQ and 83 days on YoY basis.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.

V-Guard Industries - Robust Topline Growth; Electronics Segment Sales to Recover