VENUSPIPES

March 7 (Reuters) - ** Shares of pipes maker Venus Pipes VENS.NS climb 4% to 1,481.1 rupees apiece

** Stock on course for fourth session of gains, rising 18.2% over the period

** Investec reiterates "buy", forecasting a return of 21% for the stock in the next 12 months, after hosting the company's management in an analyst meet

** Says pick up in capex to aid recovery in domestic demand for VENS in fiscal year 2026 while share of exports is likely to rise

** Adds capacity expansion, strong volume growth coupled with improving profitability to power earnings growth for VENS

** The average recommendation of six analysts tracking VENS is "strong buy"; median target price is 1,865.5 rupees, according to data compiled by LSEG

** Shares down 1.1% this year compared to Nifty 50's .NSEI 4.6% drop

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

** Venus Pipes And Tubes VENS.NS rises 4% to 1,225 rupees

** Investec starts with "buy"; TP of 1,665 rupees, which is a 36% premium to current price

** Calls co "fastest growing player" in industry; sees 20% CAGR for volume over FY24-27

** Says anti-dumping duties have cut Chinese pipe imports, benefitting domestic players

** Stock rated "strong buy" on avg; median TP is 2,073 rupees - LSEG

** VENS down 19% YTD

(Reporting by Sethuraman NR in Bengaluru)

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Feb 13 (Reuters) - Venus Pipes and Tubes Ltd VENS.NS:

• VENUS PIPES AND TUBES DEC-QUARTER NET PAT 179.7 MILLION RUPEES

• VENUS PIPES AND TUBES DEC-QUARTER REVENUE FROM OPERATIONS 2.31 BILLION RUPEES

Source text: ID:nBSE3zny10

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Nov 13 (Reuters) - Venus Pipes and Tubes Ltd VENS.NS:

• VENUS PIPES AND TUBES SEPT-QUARTER NET PAT 236.6 MILLION RUPEES

• VENUS PIPES AND TUBES SEPT-QUARTER REVENUE FROM OPERATIONS 2.29 BILLION RUPEES

Source text: [ID:]

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July 25 (Reuters) - Venus Pipes and Tubes Ltd VENS.NS:

• JUNE-QUARTER NET PAT 275.6 MILLION RUPEES

• JUNE-QUARTER REVENUE FROM OPERATIONS 2.4 BILLION RUPEES

Source text for Eikon: ID:nBSE5NSmVM

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** Shares of Venus Pipes and Tubes VENS.NS rise 3.1% to record high of 1,998.1 rupees; stock last up 2.3%

** VENS hit a record high in the previous session as well, amid high volume; it closed up 5.5%

** Stock has surged nearly 6x since its listing in May 2022

** Analyst avg rating on VENS is "strong buy" - LSEG data

** Their median PT is 2,211.5 rupees, ~12% higher than current price

** Ambit Capital expects Venus's growth to accelerate due to expanding export opportunities and the government's import substitution norms

(Reporting by Anuran Sadhu in Bengaluru)

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** Shares of Venus Pipes and Tubes VENS.NS up 7% to a record 1856.65 rupees

** Stainless-steel pipes maker extends record rally, gains over 10% in two sessions

** Co to foray in fittings business, expand stainless and titanium welded tubes capacity in projects worth 1.75 bln rupees ($21 mln)

** Trading volumes are 4.6 times its 30-day avg

** Stock gained ~27% in Feb so far, on track for biggest monthly gains since Oct. 2022

** Its ~96% gains in 2023 outpaced ~72% and ~41% gains in bigger rivals Ratnamani Metals and Tubes RMT.NS and APL Apollo Tubes APLA.NS

($1 = 82.8900 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

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Feb 28 (Reuters) - Venus Pipes and Tubes Ltd VENS.NS:

• APPROVES RAISING OF FUNDS UP TO 714 MILLION RUPEES

• FUND RAISE VIA ISSUE OF WARRANTS CONVERTIBLE INTO SHARES

• RAISING FUNDS TO SUPPORT SETTING UP FITTINGS PLANT AND CAPACITY EXPANSION

Source text for Eikon: ID:nBSE2m3gGD

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Feb 20 (Reuters) - Venus Pipes and Tubes Ltd VENS.NS:

• VENUS PIPES AND TUBES LTD - TO CONSIDER FUND RAISING

Source text for Eikon: ID:nBSE2qJBcw

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** Shares of India's Venus Pipes and Tubes VENS.NS up as much as 8.94% to hit record high of 1,582 rupees

** Co also records sharpest intraday pct gain since Oct. 27, 2023

** VENS' Q3 profit more than doubled, while rev jumped ~52%

** Stock last up 4.2%, set to gain for the third straight session

** More than 783,000 shares change hands by 1:05 p.m. IST, nearly 7x the 30-day avg

** Mean recommendation of 5 analysts rating the stock is "strong buy", median TP 1,759 rupees - LSEG data

** Stock had risen ~8% so far this year, after a ~96% surge in CY2023

(Reporting by Hritam Mukherjee in Bengaluru)

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** Shares of steel pipe maker Venus Pipes rise ~5% to 1,421 rupees

** DAM Capital initiates coverage with "buy" and PT of 1,810 rupees, an implied upside of ~34% to last close

** DAM's PT second-highest among five analysts on VENS - LSEG

** Healthy sales in seamless tubes likely to improve blended

pricing and margins - brokerage

** Expects earnings to grow at CAGR of ~60% and EBITDA margin of 17.8% by FY26

** Stock sees busiest day since Oct. 27 when co reported Q2 profit surge

** Trading volume ~11x its 30-day moving avg

** Avg rating on VENS at "strong buy"; median PT is 1,758 rupees - LSEG data

** Stock nearly doubled so far this year

(Reporting by Kashish Tandon in Bengaluru)

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** Nuvama sees earnings boost for Venus Pipes and Tubes VENS.NS, raises PT to 1,758 rupees from 1,686 rupees

** VENS stock up 1.8%, and has risen ~87% YTD

** Aggressive capacity addition, co's thrust on value addition shall boost earnings growth - Nuvama

** Company aims to add 38,400 tonnes capacity by fiscal 2025 - note

** Brokerage retains "buy" rating, compared to four analysts' avg rating of "strong buy" as per LSEG data

** Its PT, however, is slightly above the analysts' median target of 1,729 rupees

(Reporting by Hritam Mukherjee in Bengaluru)

(([email protected];))

** Shares of Venus Pipes and Tubes VENS.NS up 2.5%

** Brokerage Anand Rathi initiates coverage on VENS with a "buy" rating and a PT of 1,700 rupees

** The PT is a ~26% jump to stock's closing price on Friday

** Anti-dumping duty imposed by the govt on stainless steel and pipes imported from China up to 2028 to help Indian companies in the industry - brokerage

** Shares of rival Prince Pipes and Fittings PRCE.NS up about 9% to an over two-yr high

** Brokerage expects VENS to post revenue and EBITDA growth of CAGR 31.5% and 51.9% over FY23-26

** Venus Pipes stock up ~93% YTD vs Prince Pipes' ~26% rise

(Reporting by Kashish Tandon in Bengaluru)

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** Shares of Venus Pipes and Tubes up as much as 9.8% at 1,419 rupees, their biggest intra day pct gain since May 9

** Indian steel pipe maker reports 95% YoY rise in Sept-qtr profit; rev from ops up 51.4% YoY

** Rise in profit led by higher sales in stainless steel and welded pipes segments - co

** Over 620,000 shares change hands as of 10:08 a.m. IST, twice the 30-day moving average

** Stock last up 9.2%, extending YTD gains to 97.3%

(Reporting by Kashish Tandon in Bengaluru)

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Oct 26 (Reuters) - Venus Pipes and Tubes Ltd VENS.NS:

• SEPT-QUARTER PROFIT 202.6 MILLION RUPEES VERSUS 103.9 MILLION RUPEES

• SEPT-QUARTER REVENUE FROM OPERATIONS 1.91 BILLION RUPEES VERSUS 1.26 BILLION RUPEES

Source text for Eikon: ID:nNSE59n3ld

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Sept 1 (Reuters) - Venus Pipes and Tubes Ltd VENS.NS:

• VENUS PIPES AND TUBES LTD - ARUN AXAYKUMAR KOTHARI RESIGNS AS CFO

• VENUS PIPES AND TUBES LTD - KUNAL BUBNA NAMED AS CFO

Source text for Eikon: ID:nBSE2sbNbT

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July 21 (Reuters) - Venus Pipes and Tubes Ltd VENS.NS:

• COMMENCEMENT OF COMMERCIAL PRODUCTION OF LSAW PIPES (600 MT PER MONTH) BECOMES OPERATIONAL ON 21 JULY

Source text for Eikon: ID:nBSE7rmK51

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June 19 (Reuters) - Venus Pipes & Tubes Ltd VENS.NS:

• COMMENCED OPERATIONS FROM JUNE 19 AFTER TEMPORARY SUSPENSION AT PLANT IN BHUJ DUE TO CYCLONE BIPARJOY

• CO FOUND THAT THERE HAS BEEN NO LOSS OF ASSETS

Source text for Eikon: ID:nBSE7c77Rw

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** Shares of Indian steel pipe maker Venus Pipes and Tubes Ltd VENS.NS jump up as much as 3.16% to hit a record high of 1040.60 rupees

** Venus stock set to gain for a fourth straight season, if trend holds

** Shares trade above 50-day, 100-day and 200-day simple moving averages, indicating bullish momentum

** Relative Strength Index seen above 70 mark, indicating stock overbought

** VENS posts a 67% surge in Q4 profit to 134.3 mln rupees ($1.63 mln)

** Stock up ~43% so far this year

(Reporting by Hritam Mukherjee in Bengaluru)

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May 24 (Reuters) - Venus Pipes & Tubes Ltd VENS.NS:

• INDIA'S VENUS PIPES & TUBES LTD MARCH-QUARTER PROFIT 134.3 MILLION RUPEES VERSUS PROFIT 80.3 MILLION RUPEES

• VENUS PIPES & TUBES LTD MARCH-QUARTER REVENUE FROM OPERATIONS 1.76 BILLION RUPEES VERSUS 1.1 BILLION RUPEES

Source text for Eikon: ID:nBSE5Z9WZS

Further company coverage: VENS.NS

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