Anubhav Sahu

BUSINESS

As Fed's conviction rises over growth, rate hikes, emerging markets could feel more pain

While market remains cautious and trade war has a potential to skew terms of trade for emerging markets, an upward trajectory of fed rate is expected to lead to synchronized interest rate cycle for emerging markets.

BUSINESS

Ideas for profit: Improved prospects for caustic soda players

Improving end-market demand and supply cuts, due to plant closures in China and Europe, have led to a sharp improvement in caustic soda prices

BUSINESS

Ideas for Profit: Do you own these 2 chemical stocks?

Recent Q1 results have highlighted few chemical stock picks which look interesting on account of improving fundamentals

BUSINESS

Phthalic Anhydride players: Removal of anti-dumping duty intensifies competitive landscape; avoid

After taking imports from major Korean importer (Aekyung) into account, one finds that 65 percent of India’s total imports took place without any anti-dumping duty during the period of investigation.

BUSINESS

FMCG major gravitate to healthier beverage space; here’s 4 stocks to look at

Globally, carbonated drink majors are shifting towards healthier drink options after having experienced stagnancy in the carbonated drinks segment

BUSINESS

Ideas for Profit: Shift to value added products to boost earnings growth for dairy cos

While improved margin profile would be moderated by increased competitive intensity, the recent decline in stock prices offer some opportunity to keep an eye on

BUSINESS

Ideas for Profit: Alufluoride rerates on improving demand outlook; accumulate on decline

While the capacity expansion plan has slightly delayed, order pipeline and a potential quick ramp up of utilization makes the prospects for topline growth promising. Operational efficiency measures are another earnings tailwind which investors can keep an eye at.

BUSINESS

Avadh Snacks deal launches Prataap Snacks as a major player in Gujarat; accumulate

Prataap Snacks is acquiring 80 percent stake in Avadh Snacks for Rs 148 crore.

MONEYCONTROL-RESEARCH

Apcotex Ind: Improving earnings for nitrile rubber, latex a key positive; accumulate

Apcotex Industries multi-year expansion plan and operating efficiency measures make it an accumulation candidate

BUSINESS

Himadri and Galaxy: Improving end markets act as catalyst for these chemical stocks

Recovery in another important end market for the chemical industry, Indian FMCG, has aided higher earnings growth for Galaxy surfactants.

BUSINESS

Rain industries: Robust end market prospects remain key catalyst; emerging risks to be watched

Growth in aluminium production in the US (restarts) and Asia remains the key demand driver

BUSINESS

Ideas for Profit: Bodal, Vidhi Speciality set to reap favourable supply-demand dynamics

While both companies are key beneficiaries of environmental compliance and favourable supply-demand dynamics in their respective segments of dyes and colour industry, their focus on vertical integration and capacity expansion provides impetus to earnings growth.

BUSINESS

Amines sector: Improved pricing, expanded capacity aids earnings

Balaji Amines’ management said the current developments have contributed to a price premium of about 25 percent, which can ease as these developments subside

BUSINESS

Jet Airways: Cost-cutting measures may not be good enough

Looking at pro forma quarterly numbers for next year, incorporating some of the strategic steps by Jet Airways, suggests operating profit may not be good enough and interest coverage may remain negative.

BUSINESS

Britannia results: Portfolio expansion to accelerate, competition as well

Overall takeaway for the snacks industry is positive as double digit growth in rural areas continue with accelerated growth seen in northern states. While company’s attempt to expand its portfolio and focus on high margins products is commendable, increasing competition in the premium biscuits category and cheese categories needs to be watched carefully.

BUSINESS

Graphite electrodes: Strong cash flow visibility; needle coke supply is key

All in all, investors with high risk appetite only should add position to graphite electrode manufacturers.

BUSINESS

Marico Q1 review: Elevated competition caps earnings visibility; diversification key

While volume guidance banks more on the product portfolio other than Parachute, the company’s ability to defend higher margin would be tested in times to come

BUSINESS

Recent FMCG results marked by volume recovery, should you buy?

Dabur’s exceptionally better earnings was due to a recovery in the beverage segment while Emami’s performance came in below our expectation as its summer portfolio lacked shine on account of a weak season

BUSINESS

Godrej Consumer: Household insecticides needs close watch; valuation rich

While the businesses are on the mend, we expect pricing and innovation contribution to be tested in times to come

BUSINESS

Dynemic Products Q1 review; Plant shutdown weighs on sales; capex clearances crucial

Delay in getting the environmental clearance adds to uncertainty. Further, once they get the clearance then it would take about one year or so for the new plant to get operational.

BUSINESS

ITC Q1 review: Stabilising legacy business, new growth levers to aid re-rating

Recently few of its businesses have witnessed encouraging growth traction –volume growth in FMCG business, growth outlook in hotel business and paper business and now stabilization in cigarettes.

BUSINESS

Navin Fluorine: Improved revenue trajectory for specialty chemicals a positive, accumulate

Higher exposure to pharma end markets and improved turnout in specialty chemical is a key positive, which can help company re-rate in the medium term

BUSINESS

Thirumalai Chemicals: Re-rating potential capped on limited pricing power

We remain wary about the product price realization trend given the potential removal of trade protection measure and the limited pricing power of the chemical commodity business