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
BUSINESS
ABB India: Strong recovery reflects in the valuation
While recovery is swift, ABB India is expensive
BUSINESS
L&T: Earnings recovery led by higher execution and order book to continue
Strong order book and expectations of high margins provide good earnings support to L&T. However, the stock is trading on the higher side of the historical range
BUSINESS
Indian Energy Exchange continues to deliver volume-led growth
We are expecting close to 22-24 per cent YoY growth in revenues for IEX in the current fiscal with a good improvement in operating margins
BUSINESS
Railway stocks turn the corner, now back on track
Cumulatively, IRCON, RITES and RVNL are holding an order book of close to Rs 1,17,,000 crore, more than 5 times their annual revenue
BUSINESS
Grauer & Weil: Business sees strong revival, but valuation expensive
The story of revival in earnings of Grauer & Weil, backed by higher demand from end-users, continues to play and get better as concerns about the second wave fade
BUSINESS
Astra Microwave: Visibility improves, but valuation tempers excitement
The benefits from Astra Microwave's efforts to cut employee costs and other fixed expenditure are clearly visible in its operating performance
BUSINESS
PSU shipbuilders: COVID impact to be marginal; earnings trajectory remains strong
Earnings grow higher for the state-owned shipbuilders -- Cochin Shipyard, Garden Reach Shipbuilders (GRSE) and Mazagon Dock Shipbuilders -- with project execution improving
BUSINESS
Cash register ringing for Bharat Dynamics, will the stock fire now?
High orders and earning visibility to support stock for Bharat Dynamics
BUSINESS
JSW Energy: Growth levers in place, but valuation stretched
While structurally JSW Energy is well set for higher growth, valuation could be dampener in the near term
BUSINESS
Strong order book to aid ION Exchange’s recovery
The stock valuation of ION Exchange is reasonable in light of cash in the books, improving return ratios, strong order pipeline and reducing losses in the consumer business
BUSINESS
Improving balance sheet, earnings visibility should cheer Va Tech Wabag investors
Apart from its structural story, Va Tech Wabag is attracting investors with better balance sheet and higher order flows
BUSINESS
Fundamentals in place for MTAR Technologies, Q4 numbers do the talking
Except short term issues, the growth trajectory of MTAR Tech is worth noting
