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
Power Grid -- Earnings growth, cash flow turn the sunny side up
Good project pipeline and stable earnings growth to support stock valuation of Power Grid
BUSINESS
Bharat Electronics: Entering a new orbit
Strong order book and pick-up in execution to keep BEL's earnings high
BUSINESS
Multiple energisers to help NTPC maintain good show
Improving oprational performance and a capex led growth strategy to yield greater results for NTPC in the months to come
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
BUSINESS
For Siemens, structural story burns bright, but mind the valuation
Growth drivers of Siemens in place, but high valuations could be an issue in the near term
BUSINESS
KEI Industries: Aiming to recover in the second half
While business is going through a short term pain, valuations of KEI Industries are in a good shape
BUSINESS
Cummins India: No re-rating on the cards
Short term pain not adequately priced in for Cummins' valuations
MONEYCONTROL-RESEARCH
Thermax: Rich valuation and near-term pressure on earnings to limit returns
Expensive valuation can put a cap on price appreciation even though Thermax's business is relatively better
