EARNINGS
Is Nalco hiding its faulty capital allocation behind hefty dividends?
Scratch the surface, market cap takes a hit of 29 percent in the past one year alone
BUSINESS
Tax reduction means better capital efficiency for engineering sector
Returns profile of new projects set to go up by a few more notches as the incentive to allocate capital increases
BUSINESS
This PSU is on track for faster growth
BUSINESS
Bharat Electronics: A defensive play in an uncertain environment
BUSINESS
Faster growth and attractive valuation make this infra play a compelling investment
BUSINESS
Are buy-backs an easy way for investors to make a quick buck?
It is often seen that because of the low participation from the retail category, investors can end up making good money
BUSINESS
Weekly Tactical Pick: NTPC
NTPC is trading at 1.2 times its estimated FY20 book value, which is reasonable
BUSINESS
Tata Steel reports strong Q4 performance led by volume growth; valuations reasonable
At its April 25 closing price of Rs 510 per share, its stock is trading at seven times its FY20 estimated price-to-earnings, which is quite reasonable
BUSINESS
Sterlite Technologies: Are pledged shares casting a big shadow?
The issue of promoter pledged shares has been an overhang for the scrip, which has been falling for quite some time now
MONEYCONTROL-RESEARCH
Tata Sponge Q4 review: Cost pressures hurt; integration of Usha Martin key to growth
Since the volume game is not at play because of the peak capacity utilisation, the key would be the integration of stressed Usha Martin assets and deployment of the surplus cash in the books.
BUSINESS
How this aluminium producer is defeating the global cost curve and widening its moat
The Nalco stock have corrected in the recent past from a high of Rs 90 to Rs 54.4 and is currently trading at seven times its FY21 estimated earnings
BUSINESS
Tata Steel BSL: Striving for operating gains; more to follow
Tata Steel helped Bhushan to swiftly gain its lost production.
BUSINESS
Pledged shares could be a time bomb
As the market realises that a company’s share price is under pressure, it becomes increasingly difficult for these firms to raise funds, particularly fresh equity capital
MONEYCONTROL-RESEARCH
Part-2: How price-to-book value as a valuation tool could turn into a trap
In this part of the article, about dangers of using price-to-book value as a valuation tool, we dwell on the remaining three important cases where investors have to be careful.
BUSINESS
The art of finding bargains: A strategy that global contrarian investment firm Brookfield follows
Canadian investment firm Brookfield Asset Management is known for its unique contrarian philosophy
BUSINESS
How price-to-book value as a valuation tool could turn into a trap
Checklist when price to book value becomes a trap: - When the stated value of assets in the books is higher than their realisable value - When a company’s balance sheet contains too many intangibles - When the company has huge contingent liabilities - When a large part of the liability is shifted to the future
BUSINESS
Adani Group’s ambitions are growing, and so are risks
BUSINESS
A midcap bet on the ethanol opportunity
BUSINESS
Ideas for Profit | A quality play in the construction space trading at attractive valuations
The company earns close to 15-16 percent operating margin and core return on equity in excess of 35 percent, which is the best among its peers
BUSINESS
3 more cases where using price-to-book could trap you in a stock
In many insolvency-related cases, the realisable value of assets was not even enough to pay back loans and banks took a big haircut on their exposure
MONEYCONTROL-RESEARCH
A high quality stock pick from the transformer space
BUSINESS
Using price-to-book value as a valuation tool could turn into a trap for unwary investors
The last few months have been a bargain hunters’ market with investors picking up stressed stocks. But many of these bargains could be traps.
MONEYCONTROL-RESEARCH
JSW Energy: Conserving energy for better options
The market was critical about the foray into electric vehicles which was not its core and not yet fully understood even by the biggest players in this space.
BUSINESS
Ideas for Profit | Rail Vikas Nigam IPO: Growth opportunities, valuations attractive; subscribe
Being a government agency, it passes on the risk to the developer and the Railways, which is a key area of concern for most project execution companies
