The aggregate picture, that was quite dismal in the run up to the GST in the previous quarter, has got better. Our analysis of over 4200 companies showed tepid growth in topline, but surprisingly there was a marked improvement in margins. Finally, unlike in the previous quarter when profitability declined, there was some revival in the September quarter with the trend line flattening.
Though Just Dial has denied any acquisition proposal from Google, a possible strategic fit cannot be ruled out. While Google comes to the table with its financial prowess, innovation acumen and reach in the virtual space, Just Dial might try to get better value from its various strengths
Jerome Powell, however, is seen relatively open to the idea of banking deregulation, one of the focus areas of the Trump administration.
NIA has been in operation for almost a century. It was nationalised in 1974 and today it is the largest general insurance company in India in terms of net worth, domestic gross direct premium, profit after tax and number of branches.
While the contours of the recap plan are being worked out, the Street is in a mood to party, lifting all PSU bank stocks irrespective of quality.
Overall, first quarterly result of Infosys, after Nilekani takes over office is about a refocus on earlier defined strategic and operational priorities.
Reliance Nippon, with AUM exceeding Rs 3.5 lakh crore and a market share of 11.5 percent, is poised to do well on the back of high margins, strong brand value, and good returns on equity.
The company, enjoys a near-monopoly in the Indian market and the valuation of the offer at 3.4X post-issue book (1.5X book with fair value change) is in line with global peers and looks reasonable in the context of a steady track record and macro opportunities.
By acquiring Hypercity, Future Retail aims to leverage its retail capabilities by building economies of scale, reducing overall cost of operations, expanding the number of small/convenience outlets (especially in the metros), and pushing the sales of its margin-accretive private label consumer products.
From metals to textiles and some consumer-facing stocks, the list names stocks of companies that reported good earnings
Industry tailwinds, increased awareness towards insurance products, leadership status amongst private non-life insurers in India, a robust distribution channel, and healthy financials make ICICI Lombard's IPO a proposition worth considering.
Over the last five years, Indian companies seem to have taken a leaf out of Buffett playbook while rewarding shareholders.
In the past ten days while markets were keeping a hawk on developments in North Korea, about a dozen smaller companies reported very encouraging numbers that beckons our attention.
While the current quarter is witnessing a speeding up of GST transition and restocking, improved ad spending is expected only in Q3 2017.
The industry seems set for further re-rating, placed as it is in a sweet spot by range-bound oil and the effects of these possible deals.
Rosneft, along with Trafigura and United Capital Partners UCP recently completed the acquisition of 98% stake in Essar Oil for $12.9-billion. The deal asserts that Indian Oil retail market is an attractive investment option for foreign investors.
The companies that will deal with battery manufacturing and related components, and other key components in EVs, would get their next leg of growth from the transition towards EVs.
Low GDP numbers do not essentially mean lower profitability in the following quarters.
Lack of interoperability, inadequate smartphone penetration pan-India, and unviability/unwillingness of use for most merchants and consumers are the primary causes for subdued growth of e-wallets in the country.
BHFC posted robust growth in revenues in the first quarter of FY18, riding on its performance in the exports market, especially in the US.
MSSL is currently trading at reasonable valuations which warrants investors’ attention
While optically, the aggregate earnings may not appear as a shocker, it nevertheless hides underlying weakness and a clear loss of momentum.
We like the company on the back of its turnaround and multiple growth drivers. Additionally, the relatively undemanding valuation is an additional draw.
We advise investors with a long-term investment horizon to capitalize on the current weakness to build long positions on the premise of growth in JLR business and a probable turnaround in the domestic operations.
The effect of the sharp increase in rubber prices is being seen in this quarter due to companies having used raw material stocked in the January quarter.