BUSINESS
To Buy, Or Not To Buy: This warship builder’s stock gained nearly 60% in a month
Despite the stellar rally, some analysts believe there are more legs to the ongoing rally. Antique Stock Broking said Mazagon Dock Shipbuilders' stock is still under-valued, while HDFC Securities suggested investors could buy the stock in the range of Rs 1,009-1,050, and add more on dips to the Rs 923-941 band.
BUSINESS
Re-rating on the cards for PNC Infratech if asset monetisation works out, say analysts
PNC Infratech is said to be in discussions to sell 12 road assets to KKR's roads platform, Highways Infrastructure Trust, for an EV of about Rs 9,000 cr. Nomura says if the deal goes through, the rerating of the stock to 12 times PE is likely. Swastika sees strong likelihood of stock hitting all-time high of Rs 395.
BUSINESS
Textile companies to see a turnaround from Q3FY24: Analysts
Textile players expect demand to pick up again by the third quarter of FY24 as global retailers reduce their inventories.
BUSINESS
Mutual funds invested Rs 62 crore in this multibagger in May. What’s working for this railway stock?
Strong growth prospects for Jupiter Wagons and an attractive valuation have made this stock an emerging play in the small-cap capital goods space.
BUSINESS
What does HNI-meter say about investing in equities?
In the run-up to the general elections, economic activity heats up and macro factors turn attractive. And with many brokerage firms advising clients to build exposure in Indian equities, HNIs are believed to be in a mood to build positions.
BUSINESS
Tata Steel: India remains ‘bright spot’ amidst sustained inflation, declining exports
Tata Steel says the outlook for India remains positive, led by a strong urban consumption and infrastructure spending. This comes at a time when demand in the US is seen growing at a moderate pace, and exports are expected to decline further with rise in protectionism and slowdown in global demand.
BUSINESS
Inox Wind Energy: What does merger with parent IWL mean?
The rationale for this merger is the consolidation of wind energy business and streamlining of group structure and operations. Most analysts agree. In fact, the IWEL share hit its all-time high of Rs 2,150 today. Though IWL was down about 3 percent, of late, wind-turbine makers have been catching investor attention
BUSINESS
This infra EPC company has buyers stepping on the gas – Here’s why
Nomura has retained its target price for KEC shares, while Prabhudas Lilladher is bullish on the company’s long-term prospects.
BUSINESS
Why are investors blown away by this wind energy stock?
Shares of Suzlon Energy have rallied 25 percent in a week and generated a return of 67 percent in a month.
BUSINESS
Market coupling casts a shadow on IEX. What should investors do?
Market coupling refers to forming of a single power trading entity owned by the government where price discovery will happen with power getting dispatched to short-term power trading platforms
BUSINESS
Midcap Magic | Market favours TCI Express as new services and high-margin business to add to muscle
Several analysts believe that the risk-reward ratio for TCIE is favourable and the earnings growth trajectory is high for the next two years.
BUSINESS
Coal India to witness inflows as FTSE increases free float
This will lead to an inflow of approximately $18.5 million, according to Abhilash Pagaria, head of Nuvama Alternative & Quantitative Research. Adjustment date is June 7, 2023.
BUSINESS
EV adoption to impact 30 percent of IGL volumes, says Jefferies
Delhi Transport Corporation (DTC) buses and three- wheelers constitute about 15 percent of IGL's overall volumes; cab aggregators form another 15 percent of the city gas distribution company’s volumes, Jefferies said.
BUSINESS
Nomura downgrades BHEL when thermal power ordering looks encouraging
Nomura says it is unsure of BHEL’s EBITDA margin and cash-generation prospects and cuts rating from ‘neutral’ to ‘reduce’. While Prabhudas Lilladher has upgraded its rating to ‘reduce’ from ‘sell’, ICICI Securities maintained its ‘buy’ rating.
BUSINESS
Analysts are rooting for hospital stocks. Here’s why
Rising incomes, healthcare needs and higher health insurance penetration have led to a promising demand outlook for hospital stocks, which are poised for sustained growth, analysts believe.
BUSINESS
KNR Constructions | Q4 was no great shakes but analysts in high spirits
In the past three months, shares of KNR Constructions have dropped 3 percent and in the past one year, they are down 2 percent.
BUSINESS
Coal India OFS: What should investors do?
Analysts say that a decline in the price of Coal India is a good buying opportunity. They consider Coal India as a stable play, mainly because of the robust power demand in India, and rural electrification initiatives. The OFS will be open for retail and non-retail investors on June 1 and 2
BUSINESS
Why RVNL recorded a decline in revenue when railways is fastest growing infra segment
The government’s thrust on improving infrastructure for rail transportation by adding new lines, doubling existing lines, electrification, and so on are seen providing a constant flow of business for the company.
BUSINESS
Should one hop onto the IRCTC train after a strong Q4?
In the past one year this railway stock has given a negative return of 7 percent. Is it time to start buying it once again?
BUSINESS
Why ONGC's destiny is not under its control
ONGC’s profitability is directly linked to oil prices. Yet, above the critical threshold of around $75 per barrel, any gain from rising oil prices are offset by an increase in windfall tax.
BUSINESS
Hindalco to sparkle in the long run, but what's taken off the shine now?
Analysts expect near-term challenges to prevail over stock performance despite long-term benefits from capacity expansion at Novelis, USA and value-added capacity enhancement of India operations
BUSINESS
LIC: Profitable growth is the main objective
LIC is gradually aiming to diversify its product mix by increasing the non par business share.
BUSINESS
If deals come true! What fills the hole for Delhivery, Gati and Allcargo Logistics?
Delhivery is said to be in talks to buy Allcargo Logistics’ stake in express distribution and supply chain solutions company Gati. Investors are wondering what a deal, if it actually happens, would mean for these three logistics players.
BUSINESS
Gati CFO: Increasing wallet share and volumes to help clock Rs 3,000-crore revenue target
Gati had set a revenue target of Rs 3,000 crore, 12-15 percent earnings before interest, taxes, depreciation and amortisation margin and 20-25 percent return on capital employed by FY26.
