BUSINESS
Discovery Series | Royal Orchid Hotels: Will the stock fly to new highs?
A strong balance sheet owing to an asset-light approach makes the company well poised to reap the benefits of a demand surge. Also, attractive valuations provide potential for significant re-rating from current levels.
BUSINESS
Trent: Results take deep strides, huge growth highway ahead
Varied product offerings, rapid store expansion, and a strong brand pull will help the company expand customer base
BUSINESS
Discovery Series | Speciality Restaurants: Making a profitable recipe
With cost-control measures in place, SRL turned profitable last fiscal after a gap of six years. We expect profitability improvement, a key re-rating trigger, to sustain. Valuations provide scope for re-rating from the current levels.
BUSINESS
Reliance Retail: What does its aggressive expansion plan hold for the sector?
RRL’s aggressive expansion is unlikely to have major impact on listed players in many categories in the retail space. Some categories (apparel and footwear) may see impact but only in the long run. We continue to remain positive on the retail sector
BUSINESS
Restaurant Brands Asia: To emerge as a much stronger QSR player
RBA is on track for a strong restaurant (store) expansion in the India business
BUSINESS
Page Industries: Robust earnings growth to continue
The management is planning to gain market share by aggressively enhancing the distribution presence as well as filling product gaps
BUSINESS
Nykaa: Strong growth prospects, but profitability improvement key to re-rating
While Nykaa has a strong brand image and increasing number of active users on the platform, margin pressure in the near term would limit any scope for re-rating
BUSINESS
Indian Hotels Company: Best is yet to come
With the industry uptrend, strong market positioning and margin improvement, IHCL is on course to deliver better earnings, going ahead
BUSINESS
Titan Company: Will the shiny outlook continue?
Titan, with a strong brand as well as parentage, has a huge runway for growth
BUSINESS
Lemon Tree Hotels: Will the stock continue its upward journey?
With strong earnings growth, favourable industry dynamics as well as attractive valuations, the stock would continue to re-rate
BUSINESS
Devyani International: On track to deliver strong earnings growth
With robust new store additions, menu innovation and margin improvement, DIL is poised to deliver strong earnings growth in the medium term
BUSINESS
Dhanuka Agritech: Volumes to pick up but margin pressure to sustain
The stock valuation offers little margin of safety for investors. Earnings drivers such as margin improvement as well as the benefits of backward integration with the commissioning of the Dahej plant would be available only in the next fiscal
BUSINESS
Metro Brands: Good fit for your portfolio
With aggressive store expansion and robust same-store sales growth (SSSG), owing to the focus on premiumisation, MBL is on track for a strong growth, going ahead.
BUSINESS
Jubilant FoodWorks: On a healthy, profitable growth path
JFL is enhancing its core Domino’s brand in India by opening new stores and would also scale up new businesses. Despite inflationary pressures and the split-store strategy, JFL has broadly maintained EBITDA margins over the past two quarters
BUSINESS
Larsen & Toubro: Robust growth across verticals to support higher earnings
L&T results beat expectations, and the strong performance on execution, order inflows as well as margins set the ground for higher earnings visibility
BUSINESS
Sharda Cropchem: Earnings pressure to sustain in near term
Given the earnings concerns in the near term, coupled with close to historical valuations, the stock provides no margin of safety for investors. Hence, we recommend investors to book profits
BUSINESS
Rallis India: Can this agrochemical stock re-rate?
The stock has corrected by 27 percent, in the past three months, hugely underperforming our agrochemical universe. Post the correction, the valuations have turned comfortable. With earnings expected to improve, the stock can re-rate hereon
BUSINESS
Thangamayil Jewellery: Strong start to FY23; growth momentum to sustain
With greenfield and brownfield store expansion, expected increase in farm income on the back of a projected normal rainfall, and the shift towards the organised segment, TMJL expects to sustain robust double-digit growth
BUSINESS
D-Mart: Results flex muscles; better placed in tough times
As indicated by the Q1FY23 performance, we expect D-Mart’s earnings growth trajectory to accelerate in the current fiscal as business conditions have almost normalised
BUSINESS
Titan Company: The Q1 shine just got brighter
Titan, one of the largest organised jewellery players, is seen to be a key beneficiary of hallmarking regulations
BUSINESS
Take note of this QSR scrip, post steep correction
The stock is currently trading at 13.5 times its FY24 EV/EBIDTA estimates. This is at a significant discount to other major QSR players. Current valuations adequately factor near term headwinds in Sri Lankan operations.
BUSINESS
PI Industries: Will it outperform domestic agrochemical players?
PIND expects margins to improve in the current fiscal, led by better product mix, operating leverage and manufacturing process improvement
BUSINESS
Relaxo Footwears: Is it a worthy fit for your portfolio?
With mobility increasing, post the drop in COVID-19 cases and channel partners restocking inventory (as the old GST rate inventory is liquidated), we expect volume growth in FY23.
BUSINESS
Construction sector: Better placed in current market scenario; prefer select stocks
With the revenue visibility over the medium term, and no material affect on the margins, construction space should deliver better earnings performance
