BUSINESS
IEX delivers strong growth in trading volumes, profitability
Strong volume growth, product diversification, and RE opportunities fuel the performance of the exchanges.
BUSINESS
Ion Exchange: Expansion in chemicals, strong orders in core business deliver steady growth
Expansion through acquisitions and large-scale capital expenditure in the chemical sector, alongside international growth strategies, make it well-placed to capitalise on future opportunities
BUSINESS
What’s in store for infrastructure in Budget 2025-26?
The central government is likely to push for capex-led growth amid fiscal constraints
BUSINESS
Quadrant Futures Tek IPO: Should you back this ‘Kavach’ opportunity?
Indian Railways plans to invest in the Kavach project over the next five years to improve safety through advanced signalling and telecommunications
BUSINESS
A defence stock with reasonable valuation
BEL could get rerated on the back of robust order book and earnings visibility
BUSINESS
Transrail Lighting IPO: A right mix of growth and valuation
The power T&D sector in India is witnessing significant growth, driven by increased investment and demand. The rising demand for renewable energy projects further amplifies growth potential
BUSINESS
KEC International: Strong order book, T&D recovery to drive stock higher
With the excepted pick-up in government project-awarding activity over the next four months, the company could be a good bet. It has guided for higher revenue growth, better margins, and strong execution
BUSINESS
JSW Energy: Renewable growth and strategic acquisitions to power the stock
Diversified generation portfolio and expanding renewable capacity augur well for the company
BUSINESS
Va Tech Wabag: Robust order book to support higher growth and profitability
The second half of the current fiscal is expected to be even better with improved margins and execution
BUSINESS
NTPC Green Energy: Can it unlock more value for the shareholders of parent?
NTPC’s green subsidiary has a robust project pipeline and is more competitive than its peers
BUSINESS
MTAR Technologies: Recovery in performance, cautious guidance for FY26
For fiscal 2026, the company has revised the revenue growth guidance to 20 percent from 30-35 percent. Order inflows from Bloom Energy and other clean energy projects and space-related orders are expected to be better
BUSINESS
Cummins India: Domestic market fuels growth
The company expects a double-digit growth in revenues and better margins, going forward
BUSINESS
Indian Defence Stocks: Correction unlocks long-term growth potential
Given volatile geopolitics, defence orders by the government and exports are going to pick up, going forward
BUSINESS
Enviro Infra Engineers IPO — Anything beyond listing gains?
The company is increasing project sizes along with expanding geographies
BUSINESS
NTPC Green Energy IPO: A long-term bet on India’s green power drive
The support of parent NTPC will help NGEL access low-cost funding
BUSINESS
Thermax: Stock valuation warrants caution in the near term
With strong traction in areas like air pollution control, wastewater management, and zero-liquid discharge, the company is expecting its industrial products to perform well in the second half of FY25
BUSINESS
PGCIL: Higher capex guidance, expanding project pipeline offer confidence
The poor financial performance in Q2FY25 was caused by one-off issues. The strong capex plan, huge orders in hand, and a robust pipeline of T&D projects signal brighter days ahead
BUSINESS
Data Patterns: Stock to track earnings growth, order inflows
The company expects better order inflows in the second half, given the pipeline of orders which are pending for approvals. It is investing heavily in R&D and product development
BUSINESS
Acme Solar Holdings: Performance does not merit investment in IPO
A static top line and an inconsistent bottom line elevate the stock valuation to a great extent
BUSINESS
Tata Power: Renewables, growth capex provide good visibility
Core business takes a hit, but will recover going forward as demand improves
BUSINESS
Larsen & Toubro: Faster recovery in H2 likely, higher order inflows take focus
A general slowdown in the construction and engineering segment in H1 hit the company. However, higher capex and likely availability of workers and other resources are expected to make H2 stronger.
BUSINESS
Indian Energy Exchange: Earnings stability, reasonable valuations to support stock
Though power demand has seen a slowdown recently, the company expects new offerings like a green Real-Time Market and 11-month contracts to help increase volumes in the coming months
BUSINESS
Stable earnings growth, possible listing of NTPC Green to support stock
Capex programme and diversification strategy of the power utility well on track
BUSINESS
Afcons Infrastructure IPO: Should investors bet on it?
The company has a strong parentage, rich experience, and follows the best risk management practices in the construction industry. Those investors wanting a long-term exposure in an EPC pure-play can consider the offering.
