With uncertainty over GST on cigarettes now over, budget announcements focused on the rural economy could be the next trigger for ITC’s other lines of business.
The company now aims to expand its downstream presence, which stands at 1,291 outlets, with a simultaneous increase in overall throughput for petrol and diesel.
The initiative by the finance ministry and Sebi in increasing lot size is flawed on many grounds and exposes their failure in educating the masses whom they seek to protect
At the consolidated level, company reported even better numbers aided by performance of Malaysian subsidiary. Net sales were up 39 percent YoY and EBITDA almost doubled in last one year
The business should remain unaffected by EV disruption. Also, the stock is trading at reasonable valuations that beckons investor’s attention
HUL with its high rural exposure (40% of sales) and well entrenched distribution network, is among the key beneficiaries of further uptick in consumption and related policy announcements, in our view.
Currently the company is operating at almost 100% capacity utilisation and this is precisely a reason that company’s revenue growth in Q3FY18 was mere 14%.
The stock is expensive when compared to peers, but the premium valuations could sustain, given the company’s track record of execution.
The company, whose growth depends on tier-1 suppliers, particularly the defence PSUs, has suffered in the past as a result of slow awarding of new orders.
With marquee clientele in its kitty and a higher share of margin-accretive original design manufacturing (ODM) contracts in its revenue, the company has all the right ingredients for a profitable journey.
The bank is well capitalised that should help it embark on growth once the asset quality issues/provision get sorted in the coming quarters.
In the near term, company is on course to increase capacity to 137,000 MT (from 80, 000 MT) involving capex of Rs 50 crore.
As the quarterly earnings season kicks off, more often than not larger companies get disproportionate attention of investors/analysts, and at times the lesser -known gems go unnoticed.
Then it tried to punch above its weight by eyeing a merger with Shriram Group. The attempt failed, prompting questions about IDFC Bank’s growth path. The decision to merge Capital First with itself was therefore well timed. The premium paid (close to 12.5%) is a small price for salvaging a brand like “IDFC”.
The Union Cabinet, in a landmark move for Indian retail, announced some noteworthy changes in norms pertaining to single-brand foreign direct investments (FDI) in India, thereby making it considerably easier for global retailers to gain access to the highly dynamic and fast-growing Indian markets
While company’s strategic move to focus on balance sheet repair is a key positive, near term earnings visibility is moderate.
Majority of the end-user industries served by Indian IT companies are performing well. All companies have indicated bigger size of digital projects as clients appear clearer about their digital strategy.
Robust financials, reasonable valuations and a strong presence in a niche area make Goodyear India a good long-term investment.
Balasore Alloys got a bargain in this market when it recently announced acquisition of 70% stake in Zimbabwe Alloys
For the quarter ended December, profit growth was muted, as the erosion in bond prices all but wiped off treasury income. Core performance, however, was in line with expectations.
Apollo, whose IPO opened yesterday, on a net worth of Rs 63 crore, company is seeking to raise Rs 156 crore for a mere 24.7 percent stake.
While the fiscal picture may not be as bleak so as to invite the ire of the rating agencies, the government will need an extremely supportive capital markets in FY19 to keep things under control.
Company’s earnings trajectory, range of products offered and the chemical reaction capabilities highlight the increasing non-commoditised nature of the business.
Electricity is fast emerging as the primary choice of fuel in automobiles, instead of petrol and diesel. On the supply side, renewables are replacing conventional thermal-based energy sources.
Importantly what is even more lucrative is that retail investors are offered an additional discount of 5% on the offer price of Rs 153.5 per share.