BUSINESS
Railway engineering sector: Slow but on track
Growth has slowed in December quarter, but companies are still promising in the light of orders in hand and expected recovery in execution
BUSINESS
Cummins India Q3 earnings: Recovery in the capex cycle paying well
Cummins India’s domestic market witnessed 26 percent growth Year-on-Year along with a 23 percent increase in exports.
BUSINESS
Thermax: Higher execution supporting growth
High valuations could be a dampener in the near term for Thermax
BUSINESS
Does Adani Ports and SEZ offer value?
Though the group overhang is a bother, the company’s stock offers attractive risk-reward proposition
BUSINESS
KEC International: Capitalising on the upswing in capex cycle
The company is driven by a robust order book, improved balance sheet, and strong earnings visibility
BUSINESS
Budget 2023 — Infrastructure firing on all cylinders
The increase in capex will increase the revenue visibility and valuations of companies operating in this core area
BUSINESS
Larsen & Toubro: On a high growth graph, stock loaded with value
Strong execution and order inflows to drive higher growth and support the L&T stock
BUSINESS
Bharat Electronics: Growth, valuation tailwinds blow in favour of investors
The company’s order book is strong, margins are expected to improve, and better execution to increase revenue visibility
BUSINESS
Indian Energy Exchange — Set to power ahead
A bargain in a volatile market that offers good earnings visibility and comfort in valuations
BUSINESS
Budget 2023 Expectations: Will the push for capex-led growth continue?
We believe the government would keep the infrastructure spend elevated and announce incentives, like production-linked schemes, to encourage private investments and capital expenditure
BUSINESS
MTAR Technologies: Appealing valuation, earnings traction offer investors room to play
Apart from the organic route, the company is investing in newer businesses and technologies, particularly in light of the import restrictions on certain defence equipment
BUSINESS
Indian Energy Exchange: Volumes make a comeback, spark earnings upgrade hopes
Business improving gradually now stock price should follow supported by reasonable valuations and buyback announcement
BUSINESS
Hindustan Aeronautics: The stock is scaling new highs
Strong entry barriers and high technical capabilities provide sustainability and certainty to the business
BUSINESS
Railway Engineering Sector: Short-term volatility to provide good long-term opportunity
Railways engineering stock could moderate after recent run up in share prices; use volatility to invest for the long term
BUSINESS
Engineers India: On a path to deliver more value
Strong order book, improving execution, and margins offer great opportunities
MONEYCONTROL-RESEARCH
Uniparts India IPO: High on quality with compelling valuations
The company has advantage in terms of expertise, cost, quality, technology, and innovation
BUSINESS
VA Tech Wabag set to turn over a new growth chapter
With commodity prices softening and supply-chain challenges resolving, the company is poised to grow as it focuses on high-margin businesses
BUSINESS
A contrarian investor? This stock fits the bill
The company is set for higher earnings in the coming quarter with margins stabilising and execution improving
BUSINESS
ABB India: Economic revival to support growth
The company is firing on all cylinders but a further re-rating of the stock looks unlikely
BUSINESS
Keystone Realtors IPO: A play on growth and quality
The company is a perfect blend of growth and quality which should help deliver good returns over the next few years
MONEYCONTROL-RESEARCH
Power Grid Corporation of India: Attractive valuations, dividend yield to support stock
As the core business slows, the company is looking at emerging opporrtunities to deploy additional capital
BUSINESS
Cummins India: Entering a new cycle with improving prospects
Revival in private capex and strong orders in hand provide visibility to growth
MONEYCONTROL-RESEARCH
Bharat Electronics: Back on a high growth path
Overall, the BEL earnings trajectory is good; with the expected improvement in margins and large orders in the coming months, the outlook remains promising and should support the stock
MONEYCONTROL-RESEARCH
Adani Ports & SEZ has the wind at its back
With the pick-up in international trade and strong demand from core sectors the growth momentum is expected to remain high
