BUSINESS
Indian Hotels: Look beyond near-term hiccups
IHCL is keeping a sharp focus on maintaining cost control and balance sheet strength
BUSINESS
Titan: COVID uncertainty clouds near-term outlook, wait for better entry price
The Titan management refrained from offering FY22 revenue guidance due to uncertainties on account of the second wave of COVID-19. Valuations are at premium to historical averages
BUSINESS
What is the valuation that Zomato could command?
Zomato IPO: In its last fund raising round, Zomato was valued at 15 times EV/Sales for FY20, a discount to its international peers
BUSINESS
Discovery Series | Goldiam International: Add a gem to your portfolio
Cash and cash equivalents form about 40 per cent of the market cap of Goldiam International, implying P/E of about 8x for core business
BUSINESS
A play on likely outperformance of agro-chemical sector in near term
Rallis' focus on the contract manufacturing business and filling portfolio gaps are a key watch
BUSINESS
Road construction: Strong performance in FY21, what lies ahead?
Our conviction ideas such as KNR, PNC and HG Infra have lower debt to equity and are adequately capitalised
BUSINESS
DFM Foods: Ready for the next leg of growth
With a new management at the helm, DFM Foods' return ratios are among the highest in the snacking industry and comparable to leading FMCG players
BUSINESS
Barbeque Nation Hospitality: What should investors do after fabulous listing gains?
We recommend investors to book profits after a strong 42 percent listing gains of Barbeque Nations over the issue price. Valuations are currently at a premium to peers
BUSINESS
D-Mart: Good Q4 performance on low base; will the momentum sustain?
D-Mart Q4 revenue growth accelerated on low base and were in line with estimates. However, Q4 store additions have accelerated and have been higher than entire 9MFY21 indicating stronger recovery once the situation normalises.
BUSINESS
Road construction: Why some stocks can be significantly rerated
We remain positive on our high conviction ideas such as KNR Constructions, PNC Infratech and HG Infra as lower debt to equity and better execution capabilities will act as tailwinds
BUSINESS
Kalyan Jewellers: Weak listing; are there better alternatives?
We recommend switching to alternative stocks with better operating metrices and significant valuation discount such as Thangamayil Jewellers. For investors eyeing bigger play in jewellery space, Titan remains the best choice
BUSINESS
Barbeque Nation Hospitality IPO: Are they cooking a profitable recipe?
BNHL is one of the fastest growing restaurant chains with strong brand loyalty; a rare restaurant brand with history of gaining scale
BUSINESS
Thangamayil Jewellery: Set to glitter more
Thangamayil Jewellers is trading at significant discount to Kalyan Jewellers IPO valuation despite better performance and strong balance sheet, leaving possibility of stock rating
BUSINESS
V-Mart Retail: Does the value retailer have the right elements for a portfolio value?
With the recently concluded QIP issue and the industry reaching normalcy, V-Mart is ready to turn over the leaf for the next growth script
BUSINESS
NCC: On the growth runway
With robust earnings visibility and improving execution, earnings are expected to grow strongly over the next two years which would drive the NCC stock
CORONAVIRUS
Authorities in J-K's Budgam order closure of 3 schools after detection of COVID cases
In a letter to the three schools, the nodal officer for COVID-19 mitigation advised the institutions to close the school premises for at least three days in view of detection of COVID-19 cases during random testing.
BUSINESS
Aditya Birla Fashion and Retail: Is the fashion giant ready for the next growth loop?
With the rights issue and investment by Flipkart, Aditya Birla Fashion has substantially reduced its debt and is now well capitalised to tap into growth opportunities
BUSINESS
Value innerwears: Is the growth momentum sustainable?
BUSINESS
Burger King: Is it the right time to taste the 'Whopper'?
BUSINESS
Dhanuka Agritech: Should we look beyond an imminent margin contraction?
Freight costs may weigh on Dhanuka's margins in near term. Management commentary from peer –Insecticides India - suggests that there has been a five-fold increase in the cost of availing the container service from China to India.
BUSINESS
Trent Limited: Back in fashion
Trent has the strongest balance sheet among apparel players with zero debt (excluding lease liabilities)
BUSINESS
PI Industries: Custom synthesis giant waiting for another orbit
We like the PI Industries' focus on custom synthesis and manufacturing which has helped it become a “partner of choice” for global agrochemical majors
