BUSINESS
Campus Activewear Ltd: Look beyond near-term demand headwinds
We are bullish on the long-term growth prospects of the sports and athleisure (S&A) footwear industry. CAL, with its sweet price positioning (significant discount to MNC players), would be the preferred choice for the Indian consumers.
BUSINESS
Lemon Tree Hotels: Should you check into this hotel stock?
In FY24, LMNT will focus on enhancing occupancies as the demand momentum is likely to sustain. The company expects strong growth in the next fiscal as well, given the upswing in the hotel industry.
BUSINESS
HG Infra Engineering, our preferred pick in the infra space. This is why
With a track record of strong project execution and financial prudence, the company is well poised to gain from the huge infrastructure opportunity that lies ahead
BUSINESS
Mrs Bectors Food Specialities: Stellar earnings, huge growth runway
While MBFSL has a relatively strong presence in the northern market, it has a huge potential to grow in other areas by establishing manufacturing footprint as well as appointing new distributors
BUSINESS
Aditya Birla Fashion and Retail: The wait for a higher profitable journey continues
While ABFRL is on path for a healthy top-line growth, led by both existing as well as new businesses, profitability improvement is likely to take time and may not happen before FY25
BUSINESS
Titan Company: Marginal miss in margin, long-term story intact
Jewellery demand remains strong and Titan is successful in acquiring new consumers on the back of strong brand image, new collections, higher marketing expenses, and network expansion in new regions
BUSINESS
Budget 2023 — Infrastructure firing on all cylinders
The increase in capex will increase the revenue visibility and valuations of companies operating in this core area
BUSINESS
Budget 2023 gives a boost to consumption, rural economy
Higher capital expenditure and an increase in disposable income augur well for FMCG and retail stocks as well as companies related to tourism
BUSINESS
Indian Hotels Company: Results do the talking, robust demand in play
The hotel industry is in an upcycle for the next few years, and, IHCL, with a strong brand pull, loyal customer base and diverse offerings is among the best stocks to play the hotel theme
BUSINESS
Larsen & Toubro: On a high growth graph, stock loaded with value
Strong execution and order inflows to drive higher growth and support the L&T stock
BUSINESS
Thangamayil Jewellery: Shining opportunity in the long run
Demand scenario remains strong despite a surge in gold prices. TMJL would continue its store network expansion and further strengthen its presence in Tamil Nadu.
BUSINESS
Dodla Dairy: Healthy earnings profile from FY24 to drive rerating
The trend of low single-digit earnings growth witnessed over the past two years is expected to end and we expect decent double-digit earnings growth to resume from FY24
BUSINESS
RIL Q3: Consumer business continues to scale new highs even as traditional business rules
BUSINESS
Metro Brands: Strong results, sunny growth prospects
MBL has a huge runway for growth and is fast expanding its store network. The acquisition of Fila and Proline brands fills a key gap in the MBL's product portfolio, and has a huge growth potential in the long run
BUSINESS
Budget 2023 expectations from consumption & retail: Cautiously optimistic, especially rural markets
The government is likely to prefer indirect transfer of income which creates a multiplier effect on the economy to boost consumption
BUSINESS
Budget 2023 Expectations: Will the push for capex-led growth continue?
We believe the government would keep the infrastructure spend elevated and announce incentives, like production-linked schemes, to encourage private investments and capital expenditure
BUSINESS
D-Mart: Slight miss on margins; huge runway for growth
While revenues grew 25 percent year on year (YoY), margins were affected owing to an adverse product mix. As inflationary concerns recede and the share of discretionary items picks up, we expect sales as well as profitability of D-Mart to improve
BUSINESS
NCC: Is this construction company set for a stock rerating?
Strong order wins, continued robust execution in H2FY23 and improvement in margins owing to the correction in raw material prices are positives for NCC to maintain strong earnings growth momentum
BUSINESS
Titan Company: Q3 revenue growth broadly in line with expectations; long-term triggers intact
The company posted double-digit growth across business segments, reporting an overall standalone business growth of 12 percent year on year (YoY) in the December 2022 quarter
BUSINESS
HG Infra Engineering: Robust growth play, diversification set up pitch for rerating
More order wins, monetisation of assets to create liquidity buffer and improved execution will help this construction major
BUSINESS
Mrs Bectors Food Specialities: Will this FMCG player race ahead of the industry?
Capacity expansion, wider distribution network, and increased exports to help the company deliver double-digit growth in the medium term
BUSINESS
KNR Constructions: Key beneficiary of government’s infra push
While Q3FY23 may be affected, owing to extended rains as well as slower execution in irrigation projects, we expect execution to pick up strongly in the next fiscal.
BUSINESS
Reliance Retail: Takeover of Metro India operations to aid new commerce business
Metro’s 3-million customer base and a wide product range will enable Reliance Retail to rapidly scale up the retail business and strengthen its position in the industry
BUSINESS
Speciality Restaurants: Is this restaurant stock preparing a recipe for more success?
With H2 being seasonally strong (owing to festivities and higher propensity to consume outside food) as well as recent softening of input prices, the financial performance would only improve.
