PLYWOOD MANUFACTURING
Will consumer durables & EMS stocks see another round of re-rating? 7 stocks with an upside potential of up to 24%
There are talks of the budget being focussed on two things, one giving continued push to investment and second to increase the disposable income in the hands of people. The second could be done by cutting taxes or making changes with the tax slab. While many sectors will feel the impact but one of the sectors which may feel maximum impact is the consumer durable sector. Now given the fact that the consumer durable sector has a closed link with the EMS companies, they both have to be looked at together. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.
Sylvan Plyboard stock debuts with 20% premium on NSE SME platform
Sylvan Plyboard's IPO on NSE SME platform debuted with a 20% premium. Reporting revenues of Rs 162 crore and a net profit of Rs 4.47 crore, the company distributes products through authorized dealers and sub dealers.
Sylvan Plyboard IPO opens: Check issue size, price band, GMP, and other details
Sylvan Plyboard IPO aims to raise about Rs 28.05 crore through the SME issue and list the shares on the NSE SME platform. The company's shares were trading with a GMP of 15 in the unlisted market.
In a growing economy, new defensive sectors tend to emerge: 5 tiles and ceramic and home makers stocks with upside potential of up to 41%
Many times the word, defensive stocks is used on the street. Most of the time it is FMCG, pharma and others which are referred to as defensive stocks. The reason being that the demand for these companies is steady and is not impacted much even when there is any slowdown in an economy. The question is in an economy which is growing faster and new areas of consumption are coming up every second day, where the demand from being seasonal and cyclical has reached a stage where in all economic conditions it stays above single digit, shouldn't those also be considered as defensive and valued accordingly. Probably the Indian economy has reached a stage where the demand for tiles, ceramic and home building products, ex-cement has reached a level where in worst cases it will not go below a point.
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 39%
While it is always better to focus on what is happening to the individual stocks, there times it becomes “a must” before taking any decision. The reason, there is a possibility of greater divergence in how the broader market indices like Nifty and Sensex move and how the individual stocks and sector perform. A week before the election results, the way the market is panning out, it is clear that the street is working with the base case scenario of policy continuity. So, next we might see some sectors and stocks doing extremely well, while others may continue to be laggards. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
10 Best Flour Mill Machines in India for fresh and pure atta
When searching for the best flour mill machine in India, several factors warrant careful consideration to ensure optimal performance and satisfaction. Efficiency stands as a primary concern, as it directly impacts the milling process's speed and effectiveness. A high-efficiency flour mill machine can swiftly grind grains into fine flour, saving both time and effort. Durability is another crucial aspect, as a sturdy and robust construction ensures the machine can withstand the rigors of frequent use without succumbing to wear and tear. So, if you want the flour mill machine scroll down for the list.
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See big room for growth across all our segments : Keshav Bhajanka, Century Plyboards
I think you have hit the nail on the head. The real estate sector has finally recovered after I would say a decade in a weak position. Now, that the cycle has changed, all building material products are going to benefit and I believe as market leaders in our category we are going to see a substantial benefit out of the same.
New set of exporters emerging from India? 5 stocks from engineering sector with an upside potential of up to 33%
It has been a long time that engineering major L&T has ventured into exports of engineering services to the Middle East, then it moved into exports of engineering goods. Over the years, there are companies, who specialize in some industries who also have been able to get an entry into the export market. Getting into the export market is not easy and it takes years to get into the market for two reasons. First, global companies tend to be very aggressive in bidding so that new competition does not come in. Second, Indian companies which are sort of a crossover of engineering and capital goods, required the ability to sustain these attempts to get into the esports market at a time when domestic demand was very poor. Now in the last few years, things have improved on the domestic demand and hence these companies were able to put their foot forward into the export market. Will these companies become a new set of exporters from India?
These midcap stocks with ‘strong buy’ & ‘buy’ recos can rally over 23%, according to analysts
After almost a period of a month and half, the mid-cap stocks have been trying to make a comeback. If one looks at their recent performance in the last few days of volatility, it is clear that there is not much selling pressure. If one goes on by the market breadth, there are indications that bulls might be back in control. Keep an eye on liquidity and the market breadth in the next few sessions as that will determine what happens to mid-cap stocks in the medium term. If the market breadth stays positive then it is very likely that we might see more strength in mid-caps. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". This predefined screener is only available to ET Prime users.
Investing in smallcaps in volatile times: Just do a bit of hard work and add a pinch of patience
In a period where small-cap stocks underperformed significantly, leading to a situation where large investors were calculating their losses in their small-cap holdings, there would be a group of steadfast enthusiasts who continue to see potential in small caps. Investing in these stocks, even amidst turmoil, can be sensible for those prepared to maintain their investment for three to five years. However, it's crucial to recognize the distinction between high-quality and poor-quality businesses across the small, mid, and large-cap spectrums, as well as the difference between the intrinsic value of a stock and the overall value of the company. Certain niche small businesses may still generate significant returns over time if they are held long enough. On the other hand, if one's approach to small-cap investments is merely based on the absolute value of a stock with hopes of a tenfold increase, then it's a misconception. Stock market investing, whether in small, mid, or large caps, should not be driven by unrealistic expectations; otherwise, it leads to nothing but undue stress, rather than substantial returns.
Mayuresh Joshi on what to buy among PSU banks; 2 pharma stocks to buy on dips
Mayuresh Joshi says: “Sun Pharma, Cipla and Lupin probably remain as holds in our global portfolios. From an earnings perspective, Torrent Pharma and JV Chemicals on declines or pullbacks can probably be looked at. Again, the key triggers remain the same across both these stocks.” The comfort stays with largecaps from a valuation perspective as a whole host of mid/small caps have run up quite significantly.
Century Plyboards expanding across every single segment we are present in: Keshav Bhajanka
“I would say I am cautious in the short term. And I am very optimistic in the medium and long term. Whether you look at laminates or veneers, there is a trend towards premiumisation. People are becoming more expressive with their home, especially post Covid. It will definitely lead to premiumisation in decorative products going forward.”
Plywood companies to benefit from rise in capacity and lower input costs
Leading plywood companies are however optimistic about the demand scenario in the coming quarters amid abating input costs. Major companies in the sector including Century Plyboards (India), Greenlam Industries, and Greenply Industries have staged a recovery on the bourses in the year-to-date period by earning double-digit returns after a lacklustre show in the previous calendar year.
Greenlam to invest Rs 950 cr over 2-3 years; to enter plywood, particleboard business
Greenlam Industries is among the top-three surfacing solutions brand around the world, having a presence in over 100 countries.
Greenply Industries expects WFH to have positive impact on branded plywood manufacturers
There is an increasing shift being witnessed towards the organised sector, owing to brand and quality awareness. With wider choices, product innovation and warranty being offered by organised players, customers are now more focussing on this segment, it added.
Sustainable building materials needed to redefine living conditions in cities
The immediate future requires more usage of green and sustainable building materials and architecture to redefine cities.
Slowdown in demand is only temporary: Keshav Bhajanka, Century Plyboards
"For the next whole year, we would be looking at plywood margins of closer to 14-15 per cent."
CenturyPly manufacturing units become solar powered
The company has also started drawing power from group captive wind mill for the Chennai unit, which is another step towards sustainable green energy.
Hit hard by 28% GST slab, say producers
"Majority of the plywood manufacturers have a turnover below Rs 1.5 cr. We were selling plywood made of rubber wood to dealers outside the state at 2% central sales tax against C form."
Laminate, plywood stocks rally on hope of GST boost
It is anticipated that GST would ensure organised players have an edge over unorganised manufacturers of ply and laminates.
EURO Decor Plywood acquisition will increase our production significantly: Keshav Kantamneni, Uniply
In a chat with ET Now Keshav Kantamneni, CEO of Uniply Industries, said that the the acquisition of EURO Decor Plywood would double their production capacity.
Plywood and packaging stocks see upward movement on hopes that GST bill will be passed
Century Plywoods shot up 6% to close at Rs 192, Greenply rose 1.5% to close at Rs 922, while Uflex climbed 4% to end at Rs 196.
DIPP asks manufacturing federations to update contact details
DIPP asked the federations engaged in manufacturing in 29 sectors to provide their updated names and addresses for future correspondence.
Top five 'hidden gems' which can give upto 63% return in next 12 months
The Sensex is now close to its all-time high and the momentum suggests that the markets look poised to claim fresh highs soon.
Plywood rates to go up by 10% in Punjab on weak rupee
Punjab's plywood industry today announced to raise plywood prices by 10 per cent citing soaring input cost due to fall in rupee against US dollar.
e-Trip system to be implemented in Punjab from September
Despite stiff opposition from trade and industry, Punjab government is all set to implement anti-evasion measure 'e-Trip system' from Sept.
Greenply Industries Q3 net falls 48 pc at Rs 7.19
Plywood maker Greenply Industries today reported 48.38 per cent decline in its net profit for the quarter ended December 31, 2010, at Rs 7.19 crore due to losses incurred by two new facilities.
Century Plyboards plans Rs 1,200cr investment by 2012
Century Plyboards (I), a plywood maker and cement producer, today said it plans to invest Rs 1,200 crore by 2012 mainly to expand cement manufacturing capacity.
Recommend a buy on Century Plywood: Sharmila Joshi, Emkay Global Financial Services
Sharmila Joshi, Co-Head PCG Sales, Emkay Global Financial Services, in a chat with ET Now talks about stock picks.
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