BUSINESS
Fed policy: Not a pivot but just a shift in gear -- What is in it for investors?
Valuation should be the touchstone to pick stocks from export-oriented sectors for the long term; for the risk-averse, companies catering to domestic demand could be good picks
BUSINESS
Apcotex: Realisation in taper mode; wait for value to emerge
Ramp-up in the upcoming facilities would be slower than the anticipated 70 percent utilisation in FY24
BUSINESS
KIMS: Why we see more upside
KIMS presents a play on the structural demand trend for healthcare facilities in the hinterland
BUSINESS
NOCIL: What should investors do amid a muted outlook?
NOCIL is looking through the current soft phase and aiming to address the shortfall in capacities, post FY24
BUSINESS
Vijaya Diagnostics: Price stability adds to constructive take
We see Vijaya Diagnostics as a good proxy for regional health-care services consumption play
BUSINESS
Aarti Industries: Post demerger, a pure play on aromatic chemistry
The near-term growth profile is blurred by a potential decline in realisations and the persistence of demand weakness
BUSINESS
IPCA Labs: This tonic can keep investors in good shape
While the margin profile will materially improve in FY24, the phase-out of high-cost inventory and the advantage of backward integration should play out in the coming quarters
BUSINESS
Apollo Hospitals: Core business cruising well, profitability in non-hospital business a key watch
Margin improvement continued in the hospital division in Q2, but Apollo 24/7’s operating cost weighed on EBITDA growth
BUSINESS
Galaxy Surfactants: H2 expected to be weaker than H1FY23
Galaxy Surfactants has improved in the global logistics situation and a drop in raw material prices. In the backdrop of a muted volume growth outlook, we believe investors need to be guarded
BUSINESS
Divi’s Labs: Near-term triggers are missing
Any meaningful gain from new opportunities will only be visible in the next financial year
BUSINESS
Archean Chemical: Company plans to clean balance sheet through IPO
Archean Chemical had a checkered history in terms of debt management and struggled to execute its expansion plan one time. A successful IPO, however, can provide a clean slate this time to foray into bromine derivatives
BUSINESS
Cipla: Steady improvement in business, but valuation expensive
The launch pipeline for peptide & inhalation products in the US market and the margin profile for the domestic business are the key things to watch
BUSINESS
Global Health IPO: Play on regional healthcare demand, subscribe for long term
A rebound in patient visits and elective procedures have contributed to the improving economics for hospital chains. Medanta is play on this demand, particularly in the north and east of India
BUSINESS
Fed signals rates higher for longer: what should investors do?
The Fed appears to be more comfortable with the risk of overtightening compared to the risk of doing too little to stem inflation
BUSINESS
Sun Pharma: Strong speciality show, scale-up in clinical trials awaited
Domestic business is witnessing market share gains and expecting better traction as the company’s field force expansion is over
BUSINESS
What does g-Revlimid launch mean for Dr Reddy’s margin trajectory?
Emerging markets, including India, would remain the chief driver of top-line growth
BUSINESS
Laurus Labs Q2: What worked, what didn't?
Capex execution will be key to the company’s growth prospects; diversification initiatives should be supportive
BUSINESS
Navin Fluorine: Pick-up in demand from pharma innovators a key watch
Valuation is quite rich and investors should wait for a better opportunity to accumulate this stock
BUSINESS
Syngene: Can it keep its premium valuation, going forward?
Investment in biologics is expected to remain recurring as new opportunities are unfolding in the field of biologics for Syngene
BUSINESS
Discovery series: Is it time to start looking at this quality diagnostic service?
We expect an earnings CAGR in mid-teens in the medium term for VDC on the back of an expansion-led volume growth in the hinterland
BUSINESS
NOCIL: How much is the global slowdown a worry?
The company is on track to prove itself as a reliable regional supplier of rubber chemicals
BUSINESS
What should domestic investors do as Fed steps up inflation fight?
With the US Fed delivering a very hawkish message, markets have tumbled. The Indian markets have been resilient in the recent past, thanks to better macros. But investors need to be selective
BUSINESS
Clean Science & Technology: Is it time to book some profit, post recent run-up?
Demand slowdown in Europe is a much bigger worry as we could sense from channel checks across the industry
BUSINESS
What do structural gaps in energy market mean for central banks?
The Fed wants to avoid any policy error that can lead to the persistence in inflation readings for a longer period. And that’s why the pick-up of core inflation in the US is a worrying point
