Indo Count

Sunidhi Securities & Finance has initiated coverage on ICIL with a 'BUY' rating and a one-year price target of Rs 524

The company registered its highest-ever quarterly revenue, volumes and Ebitda during the September quarter.

The stock price witnessed a healthy recovery in anticipation of gradual restocking by global retailers (home textile was the worst impacted) and India's market share gain in US bedsheet

The demand trajectory for home textiles, which had materially slowed down in key geographies such as the US, UK and Europe was gradually picking up pace.

The acquisition would potential see addition of around Rs 1,300 - 1,500 crore per annum to the topline of the Company at peak capacity.

The stock was trading at its lowest level since July 2021. In the past one month, it has underperformed the market by falling 22 per cent, as compared to a 2.4 per cent decline in Sensex

The deal does not include GHCL's spinning unit in Tamil Nadu's Madurai

Stocks of PTC India and Indo Count can see a 10-14 per cent upside from current levels

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The company said that it decided to undertake expansion and modernization considering the increasing demand and growing business volume

Shares of Reliance Industries and Future Group companies could react after the Delhi High Court upheld the Emergency Award that Amazon had won against Future Retail-RIL deal

The company reported a consolidated net profit of Rs 81 crore in Q2FY21, against Rs 11 crore in Q2FY20.

The stock hit a fresh 52-week high of Rs 135 in the intra-day trade today, up 8%. The stock has soared 402% in the past six months

Company currently has a production capacity of 90 million meters, which would be expanded to 120 million at its Kolhapur plant by 2020, said Mohit Jain