Mumbai: Shares of logistics solutions provider Delhivery tumbled over 10% on Tuesday after the company’s fourth-quarter results prompted some brokerages, including CLSA, to cut their price targets on the stock. The price targets after the March quarter results imply a 15-74% upside in the stock from Tuesday’s closing price of ₹390. CLSA downgraded its rating … Read more
Neetu Kashiramka, MD, VIP Industries, says that while this year the margin will be 15%, next year, it is going to be 18%. A 2-3% improvement in gross margin and a lot will happen to reduce overheads which are quite high now. All the work will start to show results starting H2 of this year. … Read more
Mumbai: Motilal Oswal Financial Services said that it continues to expect steady ordering activity in the power transmission and distribution (T&D) space. The capex-intensive nature of the value chain and high entry barriers for new players should restrict competition to a few players having control over the supply chain, it said. The scope for margin … Read more
