BUSINESS
Investment lessons from Brookfield, a global contrarian investment firm
Brookfield, which has turned active in India, is well known for its differentiated contrarian strategy that earned it several multi-bagger investments
BUSINESS
Time to bargain hunt in the infrastructure space ahead of general elections
IRB Infrastructure happens to be our top idea in the sector
BUSINESS
Kalpataru Power's Swedish acquisition will prove value accretive
Sweden-based Linjemontage iGrastrop AB (LGAB) is about one-tenth of Kalpataru. It operates in a growing market and has an annual sales turnover of Rs 500 crore.
MARKETS
Praj Industries: A midcap bet on the ethanol opportunity
BUSINESS
Power sector reforms a positive for NTPC, PGCIL
The power sector reforms will benefit state utilities and remove uncertainty over their returns and cash flows.
BUSINESS
Embassy Office Parks REIT: A product for the sophisticated investor
Considering that there are several components of cost and revenue, which are assumed, the reliability of the product becomes tricky at least from the retail investor's point of view
VIDEOS
MSTC IPO opens: Subscription can be a risky affair
MSTC is into trading, e-auction and recycling business, and enjoys government patronage, which ensures steady business. But that is not enough.
MONEYCONTROL-RESEARCH
Sadbhav Infrastructure: Monetisation of road assets can ease group debt worries
A potential investment from Canada Pension Plan Investment Board (CPPIB) will help Sadbhav Infra repay some loans to its parent, which in turn needs working capital to execute its existing order book.
BUSINESS
Pre-election sops for power sector: Too little, too late?
To deal with stressed assets, the government has cleared 3760 MW projects worth Rs 31,560 crore. This is a small step for a sector which is sitting on close to 25,000 MW of stressed assets.
BUSINESS
NCC: Lighter balance sheet, improved earnings prospects
A combination of better execution, higher utilisation, positive contribution from subsidiaries and better margin should lead to higher earnings growth
BUSINESS
ABB India demerger: Carving out a better deal for minority shareholders
ABB India’s power grid business accounts for about 40 percent of its revenue and 30 percent of EBIT. It reported a sales turnover of Rs 4,222 crore and an EBIT of Rs 422 crore in CY18
MONEYCONTROL-RESEARCH
Do not ignore this high quality transformer company
BUSINESS
Weekly Tactical Pick: Garden Reach Shipbuilders & Engineers
At the current market price, the stock is offering a dividend yield of close to 5 percent. Besides dividend, GRSE is attractively valued at 10 times its FY19 estimated earnings
BUSINESS
What is keeping Coal India's stock down despite improving fundamentals?
MONEYCONTROL-RESEARCH
Will Adani Enterprises' latest diversification into aviation pay off?
Adani Enterprises has emerged the highest bidder and won the right to operate and maintain all six airports it bid for.
MONEYCONTROL-RESEARCH
Adani Ports and SEZ's acquisition of Agri Logistics: More than meets the eye
Here's why investors are worried about Adani's latest acquisition.
BUSINESS
6 reasons why India's capex cycle is still far from a recovery
Animal spirits in the corporate sector are low and corporate earnings for the December quarter have been nothing to write home about
MONEYCONTROL-RESEARCH
Ideas for Profit | Is revival finally in sight for the defence sector?
Revenue visibility on strong order books and increasing emphasis on execution in the light of the country's geopolitical uncertainties make defence companies good investment bets.
MONEYCONTROL-RESEARCH
What’s pushing the Coal India stock down?
MONEYCONTROL-RESEARCH
India’s capex cycle: Will the pain end soon or do we have a long wait ahead?
It’s not just the shift in government focus from capex to consumption that is worrying — the results of the upcoming elections is also a source of uncertainty
BUSINESS
First Cut | How costly is JSW Steel’s acquisition of Bhushan Power & Steel's assets?
While the details are not yet available, the deal would also be looked from the perspective of immediate scalability, working capital, synergy benefits and adjoining land bank
BUSINESS
Hindalco Industries: Time to tone down expectations
Novelis' EBITDA stood at $322 million or Rs 2,300 crore, which is close to or higher than Hindalco's standalone (including Utkal Alumina) EBITDA of Rs 1,926 crore in Q3 FY19
MONEYCONTROL-RESEARCH
Why increasing business complications are eroding Tata Steel's predictability
On its part, the company has also been making efforts to simplify and explain the earnings nuances to analysts through multiple presentations.
BUSINESS
Ideas for Profit | JSW Steel: Valuation reasonable; global outlook remains key monitorable
At the current market price of Rs 279.3 per share, the stock is trading at nine times its FY20 estimated earnings and 6.2 times based on an estimated FY20 enterprise value to EBITDA, which is reasonable
