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
BUSINESS
Is NTPC hiding its core issues behind dividends and bonus shares?
The company is facing delay in payments from several state utilities and the DISCOMs as state governments spend merrily on social schemes ahead of the elections.
BUSINESS
Adani Ports and Logistics Q3 review: Growth in cargo volume boosts profitability
While the revenue grew by mere 5 percent to Rs 2824 crore, it was largely on account of lower income from the SEZ port-led development income.
MONEYCONTROL-RESEARCH
First cut | Moody’s downgrades Vedanta; better to stay cautious
The cash on books at nearly 50 percent of FY18 net worth has been one of the prime reasons for investors’ apprehensions.
BUSINESS
IRB Infrastructure Developers: Faster execution to drive higher earnings growth
The result was ahead of expectation largely on account of 51% YoY growth in construction segment revenue at Rs 1,253 crore
BUSINESS
Road sector: Time for bargain hunting
Barring a prolonged correction led by extreme uncertainty, some of the construction stocks offer good opportunity.
BUSINESS
Union Budget FY19-20: Infrastructure ignored or overlooked?
BUSINESS
Vedanta: Corporate governance concerns overshadows Q3 earnings
Vedanta's near term outlook may be clouded due to questionable use of cash and subdued global macro outlook
BUSINESS
JSW Energy: Back in power
The stock is currently trading at 14 times its FY19 estimated earnings, which is quite reasonable in the light of cash on its books, moderate financial leverage and strong expected earnings growth.
BUSINESS
KEC International Q3 review: Time to tone down growth expectations
The next two quarters will be crucial as execution may remain muted with private clients facing issues pertaining to credit flow leading to slower execution.
BUSINESS
Here's why Mohnish Pabrai is betting on Rain Industries stock for next 5-10 years
Rain is a global player in its segment, supplying to some of the world's biggest aluminium producers like Rio Tinto and the US-based Alcoa.
BUSINESS
Quick Take | L&T Q3FY19: Strong show eases Street concerns on growth, margin
Net profit for Q3 grew 37 percent YoY to Rs 2,042 crore, much higher than the Street estimates of 18-20 percent growth.
BUSINESS
Quick Take | With buyback no longer an option, how will L&T rectify capital allocation?
L&T had 81 subsidiaries in 2008 that swelled up to 123 by the end of FY17. This has been a major investor apprehension particularly in the light of a majority of them making losses
BUSINESS
Ahluwalia Contracts: Building a multi-year story
MONEYCONTROL-RESEARCH
Why PSU stocks fail to deliver despite all apparent pluses
Total returns from 44 listed non-bank PSU stocks were a mere 3 percent annual growth over the last five years. While the metrics may seem attractive, the returns call for caution.
BUSINESS
Tata Sponge Q3 Review: Cost pressures hurt earning; Usha Martin integration key factor to watch
The company faces twin pressures of falling steel prices and higher raw material costs on its profitability.
BUSINESS
Hindustan Aeronautics: Why returning cash to shareholders could be a better strategy
