BUSINESS
Bajaj Consumer Care Q3 review: Improvement in wholesale augurs well; diversification key
Successful relaunches of key products of the company -- ADHO and No Marks -- along with better rural offtake have been the salient takeaways from the result
BUSINESS
Fed in wait and watch mode; minutes lay importance on financial conditions and global growth
Fed minutes suggest a longer pause than that reflected post the December Fed meet
BUSINESS
Prabhat Dairy: Foray into nutrition a potential growth driver
BUSINESS
Ideas for Profit | This little-known Indian firm is a major Vitamin D ingredient producer
China's effort on clean environment has impacted the supply side of Vitamin D3 market – particularly the animal feed market. Price rise has been in this category has been in the order of 3-4x in last one year. Additionally, vitamin D3 prices in the human segment have also risen by 20-25% on account of structural changes like limited supply and increasing awareness.
BUSINESS
PMI contraction suggests China gasping for domestic stimulus & breakthrough in trade talks
New announcements from Chinese authorities are expected to target a revival in consumption, improve the credit situation and offer a calibrated approach for reduction in debt so that growth in minimally hampered
BUSINESS
Quick take: Higher MSP prices are not detrimental for Marico in near term; buy on dips
Looking at the price trend for the previous cycle, one finds that copra prices are largely determined by the prevailing demand-supply equation. In the previous deflationary cycle, copra prices breached their prevailing MSP briefly
BUSINESS
Ideas for profit I Paushak – technology prowess in phosgene-based specialty chemicals
BUSINESS
US markets factoring weak growth; to stay edgy on risks from trade talks, likely no-deal Brexit
To add to the concerns, oil markets have also seen a sudden collapse.
BUSINESS
Marico eyes 13-15% revenue growth over 3-4 years: Saugata Gupta
In the current year company aims to deliver on annualized basis 8 percent volume growth.
BUSINESS
Quick Take | HEG buyback acceptance ratio to be low; fundamentals intact
HEG’s plan includes a proposal to buy back 1,363,636 shares (3.41 percent of paid-up capital). Buyback price of Rs 5,500 is at 41 percent premium to the prevailing market price.
BUSINESS
Ideas for Profit I Aarti Industries: Emerging as partner of choice for global chemical giants; accumulate
The company is undergoing a huge capex programme and also bagged multi-year mega contracts from global players.
BUSINESS
Fed reaches lower range of neutral rate; global growth, event risks need to be watched
The markets expected a far more dovish tone and is now concerned about global growth slowdown
BUSINESS
Ideas for Profit I NOCIL: Trade war a growth opportunity for rubber chemical major; Buy
The stock is currently trading at around 9.8x FY21e earnings and 5.4x EV/EBITDA for FY21e which seems attractive given the growth outlook
BUSINESS
Ideas for profit | Atul: Worth buying on improving demand-supply of chemicals
While its foray into new products and its available capacity bandwidth have made Atul to meet the improving demand, efforts on backward integration and lower finance cost are expected to aid its bottom-line growth
BUSINESS
HUL gets a taste of Horlicks: Big leap in food segment; innovations and synergy holds promise
Overall we find this deal transaction earnings accretive and believe that synergy benefits are worth watching out for.
BUSINESS
G20 meet: A sentiment boost to global risk appetite; long road ahead
If the sudden decline in oil prices and the apparent change in the Federal Reserve’s stance was not enough, the takeaways from the recently concluded G20 meet is boosting risk appetite. Among its key highlights, US agreed not to escalate tariffs from 10 percent to 25 percent on imports of $200 billion Chinese goods for a 90 day period and utilise the time window for trade talks. China, US President Donald Trump said, has agreed to reduce tariffs on US cars exported to the country and substantially increase US imports.
BUSINESS
Galaxy Surfactants Q2FY19 review: Improved domestic growth outlook offset by weak international show
Company’s capacity utilisation level is near optimum level of 78 percent currently. In in light of the fact that it takes 2-3 years for new capacity to commission, company is primed for new capex plan to cater to steady demand from the FMCG sector.
BUSINESS
Strong operational performance makes Fine Organics a good stock to bet on
Majorly owing to healthy quarterly earnings and a strong balance sheet, Fine Organics has been an outperformer in the chemicals space.
BUSINESS
Fed’s neutral rate stance can have a positive rub off on Indian equities
A moderate rate path by Fed could ease off pressure on EM currencies and have a positive implications for EM in terms of fund flows, commodity imports and inflation.
BUSINESS
Ideas for Profit | Food colours Q2 review: Improved capex visibility augurs well; accumulate
While Vidhi Specialty had undergone debottlenecking of existing plant capacity in 2018, Dynemic Products received environmental clearance for new capacity in the quarter gone by
BUSINESS
Q2 FY19 review: Add these 2 aromatic chemical companies to your portfolio
Benzene-based specialty chemical companies continue to deliver strong operating results aided by tactical factors like disruption in China production and structural improvement in cost competitiveness and technical prowess
BUSINESS
Rain Ind: Adverse impact on Q3 CY18 sales volume already in price; accumulate
We expect growth in CY19 to be led by volume improvement in carbon segment and pricing gains in the advance material segment
BUSINESS
Balaji Amines Q2FY19 review: Volume growth hit by transitory issues; accumulate
In our assessment, growth levers for Balaji Amines are intact and we remain positive on the stock, primarily because of its strategy of capitalising on import substitution opportunities
BUSINESS
Sadhana Nitro: A niche player in the nitrobenzene value chain; diversification is key
As far SNCL is concerned, its diversification into various end-market applications holds promise and helps it to move beyond the commodity play
