BUSINESS
Campus Activewear: Steep stock correction a window of opportunity?
CAL is increasingly gaining market share and enjoys a huge growth potential, given its unique positioning in the mid-mass market sports shoe segment, with prices well suited to the Indian consumer
BUSINESS
Nykaa: Should investors buy the stock, post steep correction?
Going ahead, investment in new initiatives would restrict margin improvement and we expect Nykaa’s EBITDA margins in FY23 to remain below the FY21 levels. The fashion business is expected to remain loss-making at the EBIDTA level in the near term
BUSINESS
Aditya Birla Fashion & Retail: Well poised to strengthen presence in apparel space
ABFRL is a comprehensive apparel player, and it is likely to further strengthen its presence in the industry.
BUSINESS
Royal Orchid Hotels: A quality stock to play industry upcycle
ROHL, with a strong brand image in the mass market, strong loyal customer base of about 2.6 lakh, robust balance sheet and aggressive growth plans would be key beneficiary of the industry upcycle.
BUSINESS
Page Industries: Results lag estimates, earnings growth outlook healthy
The company has the potential for a healthy high-teen revenue growth in the long run. Increased premiumisation in men’s innerwear as well as strong growth potential in emerging categories provide a healthy growth visibility
BUSINESS
Lemon Tree Hotels: Results beat estimates, quality stock to play industry upcycle
H2, being a seasonally strong quarter, would see a further uptick in demand. LMNT is witnessing strong gains in room rates (both corporate as well as retail) and favourable demand-supply dynamics would further strengthen pricing.
BUSINESS
Keystone Realtors IPO: A play on growth and quality
The company is a perfect blend of growth and quality which should help deliver good returns over the next few years
BUSINESS
Indian Hotels Company: Lower than expected results; outlook strong
IHCL, with a presence across segments, viz., luxury, semi-luxury, premium as well as economy, is the primary beneficiary of the upcycle in the hotel industry, which has just started to unfold.
BUSINESS
Jubilant Foodworks: Steady earnings growth to continue
We expect Jubilant Foodworks to deliver steady earnings growth led by robust store expansion in Domino's core brand and introduction of new products with focus on regional tastes
BUSINESS
Titan Company: Will the stock continue to shine?
Titan has stellar growth prospects in the jewellery segment, while the ramp-up of non-jewellery business will aid in maintaining robust growth momentum.
BUSINESS
Relaxo Footwear: Near-term weakness to persist
Earnings pressure is expected to sustain in the next two quarters, led by price cuts in the chappal category, liquidation of high-cost inventory and the longer duration to reflect the recent raw material price correction
BUSINESS
Bikaji Foods International IPO: Perfect taste for long-term investment
Bikaji Foods International is poised for an industry-leading growth, supported by increased capacity utilisation, higher distribution reach and huge scope for gains from the unorganised segment, in the next few years
BUSINESS
Larsen & Toubro: Second half could be even better; stock has more fuel to climb
With soft commodity prices, L&T earnings set to get better over the next few quarters
BUSINESS
Sumitomo Chemical India: Look beyond the glyphosate usage notification
Overall, SCIL has a strong growth potential owing to the healthy launches in the domestic market
BUSINESS
Sharda Cropchem: Why are we cautious on the stock despite a steep correction?
Given the currency trend, we expect margin pressure to sustain in the near term and have reduced our margin assumptions for FY23
BUSINESS
Metro Brands Ltd: Strong results, recent acquisition to add value
MBL has strong financial discipline and earnings growth trajectory. While recent acquisition of Cravatex Brands may impact financials in near term, it is expecetd to create value for MBL in the long run.
BUSINESS
RIL Q2: Retail, telecom shine, offset weakness in legacy business
With focus on financial services which can be offered in combination with digital services and retail, RIL is set to become a powerhouse in consumer businesses
BUSINESS
Rallis India: Will the stock rally in the long run?
BUSINESS
Thangamayil Jewellery: Weak results, but strong long-term growth prospects
Margins in H1FY23 are at historical lows and we expect improvement from the current levels. We expect healthy earnings growth hereon for TMJL
BUSINESS
Avenue Supermarts (D-Mart): Strong operating show with earnings visibility
D-Mart’s performance would improve as footfalls pick up (currently below pre-COVID levels) and inflationary pressures recede
BUSINESS
Campus Activewear: A sporty fit for your portfolio
Campus Activewear Limited is likely to deliver one of the fastest earnings growth stories, and has the highest return ratios in the listed footwear space
BUSINESS
Titan Company: Show set to take on more shine
Titan Company posted strong 18 percent topline growth in September 2022 quarter on a high base of the corresponding quarter last year led by strong consumer demand.
BUSINESS
Electronics Mart India: Will this consumer electronics IPO be a hit?
The scope for market share gains by organised players, rapid store expansion to be funded by IPO proceeds as well as the attractive valuation make us positive on this public issue
BUSINESS
Aditya Birla Fashion & Retail: This apparel player has huge re-rating potential
While ABFRL continues to build its core Lifestyle brands and Pantaloons business, the new segments of innerwear, ethnic as well as sportswear (through Reebok India) hold a lot of promise and provide the next growth leg
