BUSINESS
Mazagon Dock Shipbuilders: Market putting too much optimism in the price
Given the sharp run-up in the share price, slow execution, historic high valuations, and delays in fresh orders, investors should be cautious and wait for better entry points
BUSINESS
EMS IPO: Should investors court this emerging player in the water space?
The company is set to deliver strong earnings growth on the back of robust orders and increased funding for new projects
BUSINESS
Railway engineering stocks: Softer growth to have bearing on valuation
Growth for such stocks could come down, particularly in fiscal 2024, with fresh orders relatively low and existing orders getting exhausted because of higher execution
BUSINESS
IPO Watch: Rishabh Instruments — Should investors hop on to the global manufacturing theme?
The flotation of the engineering company is expensively valued and domestic performance will be key to re-rating
BUSINESS
Va Tech Wabag: Higher execution in the coming months to support earnings and stock
Robust order book, reduced debt, and better profitability augur well for the water company
BUSINESS
IPO Watch — Vishnu Prakash R Punglia: This infra player is an outlier with impressive trackrecord
Capital infusion and the strong order book would boost earnings; valuation looks attractive
BUSINESS
IPO Watch — Aeroflex Industries: Can it deliver the goods?
While the product profile and possible growth opportunities in the domestic and international markets could drive growth in the future, valuations are expensive.
BUSINESS
Engineers India: Better execution, higher orders to crank up growth engine
Earnings visibility for the next two years is quite good on the back of improving margins
BUSINESS
KEC International: All-round improvement to support earnings, stock
With higher scale, strong orders in hand, order pipeline and improvement in margins, the earnings trajectory remains strong
MONEYCONTROL-RESEARCH
IdeaForge Technology: Pricing in too much optimism
Growth levers are in place and the company is moving towards a higher scale
BUSINESS
Cummins India: Slow growth in export market hurts sentiment
The company expects margins to improve on the back of cost reduction and investments in new products and technologies
BUSINESS
Power Grid Corporation of India: Tweaking strategy to grow fast
Higher capex and other measures to help tap new opportunities
BUSINESS
NTPC: Focus on renewables to cheer shareholders in the long run
The company has the experience and expertise in executing renewable projects. Plus, because of the low cost of capital borrowing, at around 6-6.5 percent, it has a huge advantage in the long run
BUSINESS
Thermax: Growth in earnings well priced in the stock
While the outlook is improving, one should be cautious in the near term, given that the stock has moved up swiftly.
BUSINESS
Bharat Electronics: Strong growth curve set to continue
Better execution, capacity expansion, and improving margins to support earnings growth
BUSINESS
Larsen & Toubro Q1 FY24: Execution picking up, earnings to follow
Strap: Strong order inflows, better execution, and momentum in capex cycle augur well for the company
BUSINESS
Engineers India: Stock set to ride on earnings, valuations support
Business driven by strong order inflows, improving execution, stable margins, diversification into new markets, and a focus on green energy.
BUSINESS
Cochin Shipyard: Sailing through steady waters
Slow execution of some of the large projects, delays in approvals, change in scope of projects, and non-availability of key imported components have hit the company. In the current year, it is expecting close to Rs 3,900 crore revenue – an YoY growth of almost 65%
BUSINESS
Bharat Dynamics: Recovery in business to support sentiment
The stock is reasonably valued after the recent correction. Order flows are expected to be good, with some of the large defence programmes reaching the final stages. The management has guided to a revenue of Rs 3,200 crore in fiscal 2024, up 28.5% from last fiscal.
BUSINESS
Ideaforge IPO: Are you looking at a long-term compounder?
With the govt restricting import of drones and focusing on the domestic space, Ideaforge has a bright future. It is already sitting on an order book of close to Rs 192 crore on an annual revenue of Rs 186 crore
BUSINESS
Is BHEL’s turnaround story for real?
BHEL’s turnaround strategies may result in an improvement in the long term, but the current state of financials and business do not support the euphoric rise in its share prices
BUSINESS
Railway engineering stocks: The valuation curve could get back to mean
Valuations have bumped up, but they may not remain sustainable in the medium term
BUSINESS
What should you do with IEX after the steep decline?
The power exchange is finding it difficult to protect its moat amid regulatory uncertainties
BUSINESS
Defence Shipbuilders: Time to be selective
Too much expectations built into the valuation of the stocks
