BUSINESS
Why are global bond yields rising and what it means for emerging markets such as India?
Since the investors seek higher risk premium for the earnings visibility in this scenario, management outlook and operational execution gains prime importance.
BUSINESS
Goa Carbon: Supreme Court hearing on petcoke ban a key risk event
The company is hopeful of a positive outcome from the October 9 hearing in the Supreme Court as the petcoke is used as feedstock in the industry and not as fuel.
BUSINESS
Methanol opportunity as a fuel substitute augurs well for GNFC and Deepak Fertilisers
To implement the roadmap, government targets methanol production of at least 5 million tonne by 2021 which would initially be augmented through existing manufacturers.
BUSINESS
Global trade outlook moderates; re-mapping of supply chain on cards
While demand slowdown is the pivotal factor to track, trade slowdown in the immediate future is also guided by remapping of supply chain.
BUSINESS
Ideas for profit: Gujarat fluorochemicals, Tanfac Ind interesting picks from chemicals pack
In this edition of chemical stock picks from Q1FY19, we highlight a couple of stocks from the fluorochemicals space.
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
