BUSINESS
Tata Global Beverages: Restructuring story is still alive
Reports suggest that one of the proposals that Tata Group is evaluating involves merging the salt and branded lentils business of Tata Chemicals with Tata Global Beverages and full consolidation of Tata Coffee
BUSINESS
Vikas Ecotech: Weaker governance offsets green opportunity
We would err on the side of caution and advice investors to stay cautious given the balance sheet woes and corporate governance issues
BUSINESS
Horlicks: A potential nutrient fit for select FMCG giants
While the category itself undergoes a change, even the existing business of GSK Consumer holds value for other FMCG players and there is a scope for operational synergies
BUSINESS
Galaxy Surfactants: 4 factors that make it an attractive bet
The company’s dominant market share, long term strategic partnership, R&D focus and sole focus on personal care end market makes it a defensive bet in the chemical industry.
BUSINESS
Alufluoride Q4: Positive volume & pricing outlook; efficiency gain measures to aid margins
The stock is currently trading at 9.9 times/5.5 times estimated earnings for FY19 & FY20 respectively and at an enterprise value of 4 times estimated EBITDA for FY20, This is at a discount to the current valuation multiples for the non-ferrous sector.
BUSINESS
Balaji Amines & Alkyl Amines: Amine chemical makers to buy on dips
Based on near term capacity expansion plans, improving end markets, product pricing scenario, expanding product portfolio both Balaji Amines (16.3x 2019e earnings) and Alkyl Amines ( 17.5x 2019e earnings) are well placed for growth in the near duopoly market.
BUSINESS
Thirumalai Chemicals Q4 review: Turnaround in Malaysian arm key positive
At present, the stock is trading at a multiple of nine times FY19e earnings, which is at a discount compared to peers in the chemical sector.
BUSINESS
Fed's Dec meeting: Market not factoring Fed projections for 3 rate hikes in 2018
Should markets catch up with Fed's expectations as they did in 2017 when owing to higher yields in US, fund flows headed back?
BUSINESS
Asian Paints: Raw material pricing & volume growth are key factors to watch for
Investors need to watch out how end market demand picks up from hereon. Elevated raw material prices are expected to weigh on margins in the near-term.
BUSINESS
Infosys Q2 results: Focus shifts back to business
Overall, first quarterly result of Infosys, after Nilekani takes over office is about a refocus on earlier defined strategic and operational priorities.
BUSINESS
Graphite India Q2: Gains from improved pricing; Watch out for fresh contracts
While it is expected to continue with the healthy operating performance as it benefits from the pricing trends, investors should keep an eye on long-term contracts to be inked during October-December in 2017.
BUSINESS
Colgate: Weak volumes despite price cuts signal further market share decline
The falling market share for this single product category company keeps us concerned and we prefer to wait on the sidelines before we see any definitive signs of improvement.
