An Edelweiss research report for Q4FY21 says road tonnage continued to improve, evident in e-way bill generation (up 6% QoQ) and improved core trucking rentals. “We estimate tonnage would increase by three–five percent for truckers. Asset-light plays Mahindra Logistics and TCI Express remain our preferred picks due to their ability to scale up/down as the environment demands,” the report said. Edelweiss is bullish on Blue Dart Express due to the pandemic-induced boom in e-commerce and its leaner cost structure. It has retained a ‘buy’ call on Mahindra Logistics, TCI Express and Blue Dart Express.

live

bselive
nselive

Volume

Todays L/H

Sharekhan's research report on Asian Paints

Asian Paints Limited (APL) delivered a mix performance in Q1FY2022 with revenue almost doubling to Rs. 5,585.4 crore, led by strong double-digit volume growth, while OPM declined by 20 bps to 16.4% (due to a 631 bps decrease in gross margin). April saw strong double-digit growth, while June saw strong rebound after muted May. Metro/Tier 1 towns grew 25-30%, ahead of Tier 3 and Tier 4 towns. With resilient demand in decorative paints and expected recovery in industrial/automotive paints, management expects double-digit volume growth to sustain in the near term. Expected fall in raw-material prices would help margin to improve in the quarters ahead.

Outlook

We have increased our estimates for FY2022/FY2023 by 7%/4% respectively. We maintain Buy with a revised PT of Rs. 3,550.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Buy Asian Paints: target of Rs 3550: Sharekhan

Sharekhan is bullish on Asian Paints has recommended buy rating on the stock with a target price of Rs 3550 in its research report dated July 20, 2021.