BUSINESS
Increased Brexit uncertainty keeps UK asset classes edgy; keep Sterling exposure hedged
BUSINESS
Vidhi Specialty: Beneficiary of strong entry barriers in food colour industry
BUSINESS
Macro watch | ECB downgrades 2019 growth outlook; euro to weaken as monetary accommodation to continue
BUSINESS
Ideas for Profit | Bodal Chemicals: Vertical integration, better product mix holds promise on margin; accumulate
BUSINESS
US withdrawal of trade benefits could hurt India’s export competitiveness, margins
BUSINESS
An investment opportunity in the highly regulated food colour business
The food and beverages colour industry - a niche segment of the dyes and pigment industry---not only benefits from growth in the end market (FMCG sector) but also has significant barriers to entry, due to its highly regulated business. As a result, the industry has an oligopolistic structure, where only a few companies are up the scale in terms of technical knowhow and quality control.
BUSINESS
China 'two sessions': Fiscal stimulus takes the lead, deleveraging on hold
BUSINESS
Ideas for Profit | Seya industries Q3 FY19: Propelled by robust domestic demand; accumulate
BUSINESS
Rain industries Q4 CY18 review: Business in transition; accumulate on dips
BUSINESS
What explains a relatively steady show by the FMCG companies?
BUSINESS
US-North Korea summit: Concrete steps on transparency in denuclearisation needs a close watch
Meet has been cut short, there appears to disappointment on a time bound denuclearization and transparency with respect to same. Asian markets, at the time of writing has turned negative and KOSPI is trading 1.8 percent lower today.
BUSINESS
Dabur: Strong execution aids in market share gains, accumulate
BUSINESS
FMCG is a bright spot in consumption; how investors can play this theme
We continue to prefer companies that focus on distribution reach, and deploy internal accruals to invest behind their brands. A sustainable way of doing the latter is deploying internal accruals such as cost savings and utilizing super normal profit from other product groups.
BUSINESS
Key risk to monitor for global & Indian markets
BUSINESS
New contract cycle and raw material sourcing holds promise for re-rating of Alufluoride
BUSINESS
Aarti Industries: Multi-year contracts makes it a partner of choice for global majors; accumulate
BUSINESS
Correction makes Graphite electrode stocks attractive; accumulate
BUSINESS
First Cut | Emami’s stake sale to alleviate key investor concern, re-rate FMCG business
BUSINESS
Ideas for Profit | Aarti Industries: Strong domestic demand, China factor aids earnings outlook; accumulate
BUSINESS
First Cut | Potential KKR- Emami deal can help re-rate the FMCG business
BUSINESS
Buy graphite electrode stocks for the long haul
BUSINESS
Britannia Q3FY19 review: Recent moderation needs to be watched; accumulate on declines
The stock is currently trading at an elevated multiple of 54x FY20 estimated earnings compared to its own history and FMCG universe.
BUSINESS
Balaji Amines Q3FY19 review: Input price volatility hits volumes; accumulate on staggered basis
On a longer term we remain positive on company’s strategy with respect to new product capacities (Greenfield project: revenue potential of Rs 450 crore in FY23), import substitution strategy along with strong technical execution capabilities. Further we take solace from the fact that demand in end markets in which company operate are stable.
BUSINESS
NOCIL Q3 review: Weak end market weighs on volume but margins to remain stable
