Free Share Market Trading Tips India
CM Price Rs.57.45
KEY HIGHLIGHTS
Paper Products Ltd. reported its Q4CY09 & CY09 results recently. Net sales and EBIDTA were in-line with our estimates while PAT was higher on lower depreciation. Net sales dipped by 5.6% while operating margins expanded on account of favorable product mix, fall in raw material prices and other cost control measures (control over forex losses).
Target Rs.616
CM Price Rs.564.85
BoB’s PAT growth stood at 18% y-o-y in Q3 FY10 on back of strong NII growth and lower provisions (incl tax). Advances grew by 23% whereas margins expanded by 32bp sequentially. Fee income growth was 27% y-o-y and CASA improved by improved by 84 bps y-o-y. Asset quality remains one of the best in the industry with the PCR (incl technical write offs) at 89%, Net NPAs at 0.31% and restructured loans of just 3% of outstanding loans
KEY HIGHLIGHTS