Accumulate TVS Motor Company Ltd For Target Rs.313.00 – Angel Broking Pvt Ltd

Performance Highlights Operating performance marginally below estimates; lower other income further dents profitability: TVS Motor (TVSM)’s 3QFY2015 results have come in below our estimates as continued pressure on margins and lower other income impacted profitability. Revenues grew 29% yoy to `2,653cr, mainly driven by volumes (up 26% yoy) while the…

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Buy Hindustan Media Ventures Ltd For Target Rs.292.00 – Angel Broking Pvt Ltd

  Performance Highlights Hindustan Media Ventures (HMVL) reported healthy results for 3QFY2015, both on the top-line and bottom-line front. The top-line growth was healthy mainly due to decent growth in advertising and circulation revenue. On the operating front, the company’s performance was modest; however, higher other income boosted profitability.  …

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Buy Hindustan Media Ventures Ltd For Target Rs.292.00 – Angel Broking Pvt Ltd

Performance Highlights Hindustan Media Ventures (HMVL) reported healthy results for 3QFY2015, both on the top-line and bottom-line front. The top-line growth was healthy mainly due to decent growth in advertising and circulation revenue. On the operating front, the company’s performance was modest; however, higher other income boosted profitability.   Healthy…

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