BUSINESS
Trent Limited: Cruising on a strong growth runway
With a strong parentage of the Tata Group, growing customer base, and huge potential to tap new customers via the digital route, Trent is well-positioned to strengthen its presence in the fashion space
BUSINESS
EIH: Investors got to check in to this luxury property. Why
EIH, with premium offerings, like Oberoi and Trident, and a strong balance sheet, is among the quality stocks to play the hotel industry upcycle
BUSINESS
SAMHI Hotels: Well-positioned to ride the industry upcycle
With debt reduction and increase in reserves, SAMHI’s debt-equity ratio will be comparable with the industry average and will enable it to ride the hotel industry upcycle over the next few years
BUSINESS
Manoj Vaibhav Gems and Jewellery IPO: Will this regional player shine at the bourses?
With IPO proceeds, MVGJL will strengthen its presence, entering newer micro markets around existing locations. A focus on premium offerings, relatively lower marketing costs and operating leverage provide scope for margin improvement.
BUSINESS
SAMHI Hotels: Should you check into this hotel IPO?
While SAMHI’s balance sheet is weak, the repayment of debt will impart strength and enable it to tap growth opportunities that the hotel sector is throwing up
BUSINESS
Lemon Tree Hotels: Why it remains our preferred pick
LMNT is among the quality hotel companies, with a leading position in the mid/upper-mid hotel space and would be among the key beneficiaries of the industry uptrend
BUSINESS
Thangamayil Jewellery: Will the glitter in the stock sustain?
TMJL is one of the best-performing stocks in the mid-cap space. Favourable regulatory tailwinds, including mandatory hallmarking, provide significant scope for organised players like TMJL in the long run
BUSINESS
Relaxo Footwears: Strong results; on track for market share gains
The company is well placed to capture market share in the footwear industry and we expect double-digit volume growth to resume from the current fiscal.
BUSINESS
Campus Activewear: Strong earnings growth to resume from H2
Volume growth, coupled with margin improvement, should lead to strong earnings growth from H2FY24. Regulatory tailwinds such as the implementation of BIS certification in footwear are likely to lead to market share gains for CAL
BUSINESS
Page Industries: Sharp sequential earnings growth; long-term outlook robust
Given the improving earnings trajectory and strong prospects in the long run, the stock is likely to re-rate.
BUSINESS
Royal Orchid Hotels: Results miss estimates, but growth prospects bright
The addition of professional management will enable ROHL to transition to a pan-India player with focus on quality services, best industry practices as well as strengthening brand image.
BUSINESS
Mrs Bectors Food Specialities: Strong start to the fiscal; growth momentum to continue
The company has guided for a high-teen revenue growth in the current fiscal and expects margins to remain in the record 15% range witnessed in Q1.
BUSINESS
Devyani International Limited: Poised to deliver industry-leading growth
With the easing of input prices and a pick-up in growth, earnings are expected to improve.
BUSINESS
Titan Company: Margin miss in Q1; healthy long-term outlook
While Titan's jewellery segment margins were affected in Q1 owing to aggressive discounts and as well as markdown on growth rates, the management is confident of margin recovery in subsequent quarters and has retained FY24 margin guidance
BUSINESS
HG Infra Engineering: Marginal miss on execution; outlook robust
HGIEL has guided for robust order inflows in the current fiscal, which, together with a strong order book, would maintain growth momentum
BUSINESS
Indian Hotels Company: Strong results; to consolidate leadership position in industry
With travel picking up, government efforts to boost connectivity as well as India hosting key international events, demand momentum should remain strong. IHCL expects the uptick in average room rates to continue.
BUSINESS
Larsen & Toubro Q1 FY24: Execution picking up, earnings to follow
Strap: Strong order inflows, better execution, and momentum in capex cycle augur well for the company
BUSINESS
Dodla Dairy: What should one do, post steep run-up in stock price?
DDL is likely to continue gaining market share as it enhances network reach, not only deepening presence in existing markets but also entering new markets
BUSINESS
ITC: What does the de-merger of the hotel business mean for shareholders?
The hotel business has subpar return ratios compared to other businesses of ITC
BUSINESS
Reliance Q1 results: Newbies cover the weakness of the legacy business
Though O2C revenues declined, consumer-facing businesses displayed better operating efficiencies
BUSINESS
Discovery Series: Senco Gold Limited — Will it sparkle your portfolio?
SGL has received accolades as the most desired and trusted jewellery brand, has a track record of steady performance and one of the big four auditors on board, indicating transparency and robust governance practices. The current valuations seem reasonable.
BUSINESS
D-Mart: Margin pressures sustain; valuation expensive
While D-Mart has strong long-term growth prospects, near-term margin and earnings pressure would prevent re-rating.
BUSINESS
NCC Limited: Will re-rating sustain for this construction player?
NCC, with its diverse order book and track record in the execution of varied infrastructure projects, would be the prime beneficiary of the govt’s increased spend on infrastructure.
BUSINESS
Titan Company business update points to a show full of sparkle
We remain confident on the business prospects of Titan, given the huge growth runway in the jewellery space. Ramp-up of the non-jewellery business, led by new launches and enhanced network reach, is an additional growth trigger.
