BUSINESS
8 big ideas from the book 'The hard thing about hard things'
Author Ben Horowitz talks about why building a company is tough and shares nuggets of wisdom on dealing with these adversities from his own experience
TRENDS
Grauer & Weil (India): A high quality business available at attractive price
Despite the huge stress and crisis caused by COVID-19, Grauer & Weil has remained profitable
MONEYCONTROL-RESEARCH
Indian Energy Exchange: Creating a valuable franchisee model
The company has built a strong competitive advantage and a dominant position in the power trading space. This is only growing as more and more volumes shift to exchanges.
BUSINESS
MTAR: Good long-term play despite strong listing
The strong listing of MTAR Technologies in the secondary market has lifted valuation to around 75 times
BUSINESS
NCC: On the growth runway
With robust earnings visibility and improving execution, earnings are expected to grow strongly over the next two years which would drive the NCC stock
BUSINESS
KEI Industries is back to the growth path
Business activity is returning to pre-covid levels, earnings could surprise on the higher side in the coming quarters
BUSINESS
Reliance Industries: On a four-lane superhighway
The proposed reorganisation of the O2C business adds to the prospect of raising growth capital, which in turn will serve as a catalyst for the legacy growth engine of RIL
BUSINESS
Engineers India: More room for growth
Strong order book recovery in execution to support growth for EIL in coming quarters
BUSINESS
ION Exchange: What ails this company?
Drop in revenues and lower order book raise concerns over ION Exchange's near-term growth
BUSINESS
Power Grid: Focus is on earnings return
With higher capitalisation likely in the current quarter, better utilisation of assets and contribution from other ventures should translate into higher growth for Power Grid in 2020-21
BUSINESS
Va Tech Wabag: Higher execution and improving balance sheet to support growth
Led by higher execution and strong order book, Va Tech Wabag is set to deliver higher growth
MONEYCONTROL-RESEARCH
ABB India: Revival of private capex key to supporting lofty valuation
High price to earnings and lack of growth in the near term for ABB India leave very little for investors
BUSINESS
NTPC: Attractively valued despite strong earnings visibility
Earnings recovery coupled with attractive valuation to keep the NTPC stock high
BUSINESS
Adani Ports & SEZ: Strong growth trajectory likely to get better
Earnings trajectory remains strong, but investors should lower expectations given the recent spike in share prices and valuation
BUSINESS
Thermax: Recovering, but at a slower pace
High valuation and slow growth in earnings could keep Thermax stock under pressure
BUSINESS
KEC International: Reasonably valued with strong earnings visibility
Strong revenue visibility, pick-up in execution, and contribution from high growth segments augur well for KEC in the medium term
BUSINESS
Brookfield REIT IPO: Aggressive pricing leaves little on the table for the risks offered
Brookfield IPO aggressively priced offering inadequate safety for the visible risks
BUSINESS
Cummins India: Margin of safety shrinks, returns could moderate
The recent run up in share prices led by optimism driven post the budget captures large part of improvemnt in fundamentals
BUSINESS
Push for infrastructure to benefit construction and engineering space
Policy continuity and proper implementation are crucial for the Budget 2021 measures to succeed
BUSINESS
L&T: Recent run-up in share price captures near-term improvement in business and earnings
Recent spike in L&T share prices ahead of a likely recovery leaves little room for appreciation in the medium term
BUSINESS
Strong digital contribution along with pick-up in legacy business boosts RIL bottom line
The key trend-setter remains the telecom business Reliance Jio, with performance driven by the tailwinds of the work from home culture, tariff hikes, traction in digital platform services and strong pick-up in JioGigaFiber services
BUSINESS
Infrastructure and Defence: Expectations from Budget 2021
Under the National Infrastructure Pipeline, the government is aiming at a share of 21 percent from the private sector and another 40 percent from the states
BUSINESS
Bharat Dynamics: Better execution and revenue visibility to support stock
Strong order pipeline and improving execution make Bharat Dynamics a compelling story
BUSINESS
Investors need to be cautious about the hope rally in BEML
BEML offers little scope for appreciation except for the hope and higher expectations fuelled by the stake sale news
