BUSINESS
Nykaa: Should investors buy the stock, post the steep correction?
The management has exuded confidence in operating margin improvement, given the expected reduction in employee costs as well as continued improvement in unit economics, which would be a key re-rating trigger
BUSINESS
EIH Limited: Quality stock to play the industry up-cycle
EIH, with reputed brands (Oberoi, Trident), quality management, and a strong balance sheet, is among the best stocks to play the hotel industry up-cycle.
BUSINESS
Aditya Birla Fashion & Retail: Why we continue to remain cautious on the stock
New businesses would continue to drag profitability and margin pressures witnessed last fiscal are likely to sustain in FY24 also.
BUSINESS
Jubilant Foodworks Limited: Should you bite into this QSR stock?
The pressure on SSSG is likely to continue in the near term as pizza, being a relatively high-ticket product, has seen a greater impact of the slowdown. With elevated raw material prices and a ramp-up of the new Popeyes business, margins improvement is unlikely in near-term.
BUSINESS
Cantabil Retail India Ltd: Robust results, strong re-rating candidate
CRIL is aggressively expanding its reach and boosting same-store sales growth (SSSG) as it plans to double revenues by FY26.
BUSINESS
D-Mart: Margin miss in Q4; valuations rich
While D-Mart is rapidly enhancing its store network and has commenced sales of pharmacy products, we expect margin pressures to sustain in the near term.
BUSINESS
HG Infra Engineering Ltd: Will the re-rating sustain for this construction company?
We expect company to maintain strong momentum driven by huge growth opportunities and financial prudence. Further, diversification into newer areas would reduce the concentration risk and enable re-rating of the stock.
BUSINESS
Larsen & Toubro: Stock riding on high hopes, backed by strong orders
L&T is sitting at a record order book of close to Rs 399,526 crore. Even though order inflows are expected to be slightly lower this year (growth of 10-12 percent) because of the general elections, existing orders provide a good visibility.
BUSINESS
Nexus Select Trust REIT IPO: A better option with low risk, higher yield
Nexus Select Trust being a retail REIT, the upside to growth is high and the risk is low in the light of India being a booming consumption market
BUSINESS
Aditya Birla Fashion & Retail: How will the TCNS acquisition affect the company?
The acquisition paves the way for ABFRL to have a comprehensive play in ethnic wear and aligns with the management objective of being a leading player in the space.
BUSINESS
Titan Company: In-line results, strong outlook
Titan expects healthy double-digit growth to continue in the current fiscal. The company is confident of achieving its FY27 target of increasing jewellery business by 2.5 times from FY22 levels (implying a 20 percent CAGR).
BUSINESS
Indian Hotels Company: Well positioned to ride the industry upcycle
The hotel industry would be in an upcycle over the next few years. IHCL, with presence across segments and a strong room addition pipeline, would be one of the largest beneficiaries of the demand uptrend.
BUSINESS
Trent Limited: Weak results but strong long-term growth prospects
Trent is poised to deliver industry- leading revenue growth led by rapid store expansion across its lifestyle concepts. The launch of Samoh brand in the ethnic space provides another big growth lever.
BUSINESS
Reliance Industries puts up a strong show across new-age businesses
There’s scope for re-rating as the conglomerate’s current valuation implies near-zero value for the new energy business and little upside from the growing consumer business
BUSINESS
Sapphire Foods India: Better store sales growth adds to re-rating prospects
We remain bullish on the long-term growth prospects of the company, given the relative under-penetration of both the brands (KFC and Pizza Hut) in India.
BUSINESS
Discovery Series: Cantabil Retail India -- Right fit for your portfolio
CRIL is poised to deliver robust earnings growth and is trading at attractive valuations, making it a good investment bet.
BUSINESS
Speciality Restaurants: Geared up for the next level of growth
The funds raised would be utilised for expanding business, like opening restaurants as well as renovating existing restaurants. SRL plans to strengthen its leadership position in the Asian Food space.
BUSINESS
Titan Company Limited: Yet another shining performance
We remain bullish on the growth prospects of the jewellery business, given the huge opportunity from the mandatory hallmarking regulations which require sale of high-purity gold jewellery and certification. The growth in non-jewellery businesses would provide an additional growth lever
BUSINESS
Royal Orchid Hotels: What does the SEBI’s order mean for the stock?
ROHL seems to have a fit and proper case and it is likely to file its reply. The ROHL stock could witness a re-rating, once the issue is resolved and we retain our positive stance on the stock
BUSINESS
Devyani International: Should you take a bite of this QSR stock?
DIL has huge growth potential in KFC (chicken products are under-penetrated in the Indian quick service restaurant market) and Pizza Hut (current average store sales are almost half of the market leader Domino’s)
BUSINESS
KNR Constructions: On a growth highway
The recent win of the third road project order as well as a healthy order book position provide decent growth visibility and the management expects robust double-digit growth in the next fiscal
BUSINESS
Page Industries: A comforting proposition after steep correction?
We believe that the volume pressure scenario being witnessed currently is temporary and expect volume growth to emerge from the next fiscal
BUSINESS
EIH: Does this hospitality player offer you more room to run?
While demand from domestic tourists is strong, led by both leisure and corporate segments, foreign tourist arrival, which forms key component for EIH, is still below pre-pandemic levels
BUSINESS
NCC Limited: Well placed to tap diverse infrastructure development opportunities
NCC, which primarily undertakes government projects and has a well-diversified presence across sub-segments would be the key beneficiary of the strong government capital spend on infrastructure.
