BUSINESS
Cummins India: Earnings upgrade, improving visibility to support stock
Earnings witness boost led by higher domestic demand
BUSINESS
Tata Power: Generation disappoints, but renewable portfolio drives growth
Recent run-up in share prices of Tata Power leaves little scope for appreciation in the near term
BUSINESS
L&T: Strong order inflows, recovery in services business to support near-term growth
With newer businesses, sustainable and profitable growth and higher cash generation, L&T is well positioned to capture the growth upcycle
BUSINESS
Adani Ports & SEZ: Taking business to higher scale
Economic recovery and contribution from the new businesses help Adani Ports deliver better growth
BUSINESS
Indian Energy Exchange: Coal crisis stokes stock run-up
At the current price, the IEX stock offers little margin of safety
BUSINESS
Larsen & Toubro: This large-cap stock offers deep value, good margins of safety
Our SOTP suggests that the L&T stock is valued about 20 percent lower than its intrinsic value
BUSINESS
EV sales are running up in India. Seven stocks to ride
In a bid to move towards cleaner energy and environment-friendly transportation, the world has been moving away from internal combustion engine (ICE)-driven vehicles to battery-driven electric vehicles (EVs). In this note, we identify companies, across the EV ecosystem, which could benefit when EV penetration starts to pick up at a faster pace
BUSINESS
Global coal crisis is playing out big. Who wins, who loses at home?
International coal prices are likely to remain elevated for some time due to supply issues and companies with exposure to imported coal is likely to be impacted
BUSINESS
At Tata Power, business revamp is talking it loud
Focus on restructuring, cost reduction, lower debt and emerging business to support stock valuation
BUSINESS
Why has MTAR rallied so much? Many factors are at work
Strong earnings visibility of MTAR Tech to give a leg-up to valuation and stock
BUSINESS
Paras Defence IPO: Move with extreme caution
The IPO of Paras Defence and Space Technologies lacks a convincing story for investors
BUSINESS
Grauer and Weil: Strong traction in business to aid earnings growth
We are expecting a strong 18-20 per cent earnings growth for Grauer and Weil over the next two years
BUSINESS
Railway engineering stocks: Growth gets on to a stable track
Railway stocks such as IRCON, RITES and RVNL are riding on the assessment that execution will only improve in the coming quarters
MONEYCONTROL-RESEARCH
KEI Industries: Retail demand provides the spark
Despite a recent run-up, the KEI Industries stock is still reasonably valued
BUSINESS
JSW Energy: Stock run-up fully covers earnings growth
JSW Energy stock turns expensive after the recent rally in share price
BUSINESS
Praj Industries: Strong order, execution deliver the goods
Higher valuation could cap upside in the near term for Praj Industries
BUSINESS
Cummins India: Higher valuation bakes in strong earnings momentum
Higher valuation could cap upside in the near term for Cummins India
BUSINESS
Va Tech Wabag: Strong order book and execution to sustain growth
With cash in the books and the control over working capital, VA Tech is now in a much better position to keep the execution cycle up
BUSINESS
Power Grid Corporation of India: Earnings growth stable, valuation attractive
Low valuation and high dividend yield to support Power Grid stock
BUSINESS
Bharat Electronics: Growth takes a short-term pause
Earnings take a hit marginally this year, but the BEL stock remains reasonably valued
BUSINESS
Thermax: Business trajectory good, but valuation appears stretched
Earnings visibility of Thermax is improving, but valuation remains high
BUSINESS
KEC International: Margin pressure, higher valuations can pose near-term risk
While financial performance improving recent run up in share prices could limit returns in the near term
BUSINESS
Adani Ports & SEZ: Back on the growth path
Strong earnings visibility and relatively low valuations could support Adani Ports & SEZ stock in the near term
BUSINESS
NTPC: A stock that can provide certainty, consistency and predictability
NTPC offers a good risk reward at current market price
