BUSINESS
Tourism takes focus in Modi's Budget, positive for hospitality, allied sectors
The government’s move to develop tourism is positive for tourism-related industries such as hotels and luggage companies
BUSINESS
Election Budget — Rural development, consumption get a boost
Allocations for the MNREGA and road & highway construction hiked
BUSINESS
Will consumption companies have reasons to celebrate the Budget?
The government has a strong revenue profile that can be utilised to jack up private consumption
BUSINESS
Larsen & Toubro: Growth momentum could moderate
Stock upside is capped because of the likely sluggishness in domestic business
BUSINESS
Sky Gold: Shining performance to continue
The company plans to triple its production capacity, which provides strong growth visibility over the medium term
BUSINESS
Metro Brands Limited: Strong earnings growth to resume from FY25
With growth normalising in FY24, we expect MBL to resume strong double-digit earnings growth from FY25.
BUSINESS
RIL: Q3 results reflect broad-based business strength
RIL’s solid financial strength and business strategy potential augur well for its shareholders over medium term
BUSINESS
Can election, interim budget revive spend on consumption?
Previous interim budgets have announced measures to boost consumption, and this one is likely to be no different.
BUSINESS
D-Mart: Better margins to stay; long-term growth prospects sunny
With a likely recovery in consumer discretionary spending, D-Mart’s product mix is expected to improve and the gross margin improvement witnessed from Q3FY24 should continue, going ahead
BUSINESS
Budget 2024: Infrastructure - Government likely to continue capex push
While this will be an Interim Budget, the overall mood is that the government will continue to spend, particularly because private capex is at a nascent stage and there is buoyancy in government revenues
BUSINESS
Discovery Series | Sky Gold: Add this crown jewel to your portfolio
The company is on a path of rapid growth and is almost tripling its manufacturing capacity. The introduction of new products and the addition of large pan-India customers is expected to drive growth
BUSINESS
Titan Company: Sound Q3; outlook keeps its shine
Titan, with a high single-digit market share in the domestic jewellery industry, has strong growth prospects, going ahead. It is also aggressively expanding in international markets, such as the Gulf region and the US
BUSINESS
NCC Limited: Why are we bullish on this construction player?
With the highest-ever order book and a robust balance sheet, NCC is on course for strong growth over the medium term.
BUSINESS
Cantabil Retail India: Growth set to gain momentum
The entry into the footwear and athleisure segment will help to build up the growth momentum, while the increasing share of women and kids segments will broaden the customer base.
BUSINESS
Credo (Mufti) IPO: Should you wear this fashion brand?
Despite mediocre top-line growth, Mufti has managed to show impressive growth in profitability
BUSINESS
DOMS Industries IPO: Will this stationery player make its mark at the bourses?
A strategic tie-up with reputed global player FILA (also the promoter), industry-leading profitability and return ratios, as well as attractive valuations make us positive on the IPO
BUSINESS
Mrs Bectors Food Specialities: Can this FMCG player sustain its outperformance?
MBFSL is strengthening distribution reach in the domestic biscuit and bakery segment. It is also working with Walmart, the largest retail chain in the US, for ramping up biscuit exports, suggesting a huge growth opportunity
BUSINESS
Lemon Tree Hotels: Well set to ride the industry boom
LMNT has industry-leading growth plans to tap the hotel upcycle which is expected to last over the next few years
BUSINESS
Trent: Robust results; huge growth runway
Trent is on a path of rapid network expansion. With Westside and Zudio present in only 87 and 130 cities, respectively, there is a huge growth potential
BUSINESS
Honasa Consumers: Impressive Q2, but sustainability key to re-rating
While the company has shown impressive revenue growth in the last two years and in H1FY24, we think after reaching a high base of Rs 960 crore in the first half, it would be difficult to grow at the same pace.
BUSINESS
Thangamyil Jewellery: Set to ride a strong second half
Apart from strong growth, we expect margin improvement for TMJL owing to a better product mix as well as operating leverage.
BUSINESS
Flair Writing Industries Ltd IPO: Will it pen its success story at the bourses?
There is scope for a healthy growth, thanks to the company’s premiumisation in the largest pen segment and the expansion of addressable market
BUSINESS
SAMHI Hotels: Weak Q2 FY24 results; turnaround likely in H2
With a steep reduction in debt and margin improvement owing to the reduction in ESOPs, non-recurrence of one-time costs and minimal capex, SAMHI’s balance sheet would strengthen further
BUSINESS
Devyani International: Q2FY24 results miss estimates; expect near-term demand headwinds
SSSG is expected to remain muted in H2FY24 as well. DIL is hoping for a rebound in consumer spending in the next few quarters.
