BUSINESS
Tata Power: SC allowing compensatory tariff could be a game changer
Tata Power's Mundra plant has a capacity of around 4,000 MW that had become unviable because of the rise in cost of generating power
BUSINESS
Lakshmi Machine Works share buyback: A strategy to reward shareholders
Since May this year, the stock has fallen by around 40 percent from Rs 9,383 to around Rs 5,667. It is currently trading at 28 times its FY19 annualised earnings
MONEYCONTROL-RESEARCH
Tata Sponge: Acquisition of Usha Martin could prove value accretive
While Tata Sponge partly missed capitalising on the up cycle in the steel industry, the move now to acquire Usha Martin’s value-added long products steel business could prove to be shot in the arm.
BUSINESS
JSW Steel Q2 review: Keep expectations low near term
Higher inputs prices or raw material prices for iron ore, coal and others such as electrodes pose a threat for steel manufacturers.
EARNINGS
Sterlite Technologies: A compounding machine
Despite strong earnings visibility, the stock has fallen recently, thereby rendering valuation far more realistic
BUSINESS
Adani Ports & SEZ: On a strong growth trajectory
With better volumes and right cargo mix, utilisation will further improve and should lead to improvement in margin and return ratios, which would support earnings and valuation
BUSINESS
This infra stock is offering deep value; should you buy?
The company has cleaned up its balance sheet, has ample liquidity, is sitting on a huge order book and its projects are well funded
BUSINESS
Hindustan Zinc: A good defensive play in the volatile commodity market
Current valuations based on enterprise value at 7.8 times its estimated operating profits of FY19 are quite reasonable and supportive especially in the light of 25% return on equity, zero debt and cash of about Rs 23,000 crore in the books.
BUSINESS
Shakti Pumps: 5 factors that make it an attractive investment
We feel the valuation (stock is trading at 18 times) is reasonable considering the opportunity in the sector, leadership position, focus on single segment, good return ratios and strong growth visibility
BUSINESS
Can the CESC demerger unlock value for investors?
Our calculation suggest that sum total of these individual businesses on a conservative basis accrues to about Rs 1,350-1,365 a share, which is quite attractive compared with the CESC’s current market price of Rs 913 share
BUSINESS
Tata Sponge Q2 review: Profitability to improve, valuations remain attractive
The stock has corrected and currently trades at an attractive valuations of about 9 times its FY19 estimated earnings
COMPANIES
Looking for bargains? Here is a PSU stock that can compound wealth and yet protect capital
At its peak, the company had traded at 25-32 times its forward earnings as against the current valuation of 11 times.
MONEYCONTROL-RESEARCH
PSU buyback: An opportunity in a volatile market
Thanks to correction in markets, few PSUs have come out with the buy backs and they are worth a look
MONEYCONTROL-RESEARCH
Ideas for Profit: 6 safe dividend yield stocks for uncertain times
Listed below is six such state-run entities, which are strong businesses and command pole position in the industry
BUSINESS
A 5-point checklist for investors that could help navigate volatile markets
A cheap stock could remain cheap forever if the value is destroyed. Stocks like Gitanjali Gems never recovered from that cheap zone as the business was completely wiped out post the Nirav Modi crisis
BUSINESS
How asset-rich ITNL can help parent IL&FS with its financial troubles
Companies such as ITNL, which hold hard assets such as operational BOT road assets can raise money through monetisation.
MONEYCONTROL-RESEARCH
With Usha Martin acquisition Tata Steel strikes while the iron is hot
Even at 90% capacity utilisation and assuming a 50% improvement in current EBITDA per tonne to about Rs 8250 per tonne over the next two years, it can potentially generate operating profits of about Rs 740 crore.
MONEYCONTROL-RESEARCH
Garden Reach Shipbuilders IPO: Defensive in character, expensive in price
While the business has some merits, given the slowdown in the defence space, past performance of the company and the premium valuations (15 times FY18 earnings) the risk-reward looks tilted.
BUSINESS
BHEL’s buyback: Is it throwing good money after bad?
It would be worth noting that the success of any buyback would only yield results with the commensurate turnaround in the fundamentals of the business
BUSINESS
IRB InvIT: Does accumulation of units by promoters signal better days ahead?
IRB Infra promoter purchased 75 lakh units of IRB InvIT as prices hit a low. The fund currently offers a yield of close to 16 percent
MONEYCONTROL-RESEARCH
IRCON International IPO: Attractively priced
At the upper band of its offer price of Rs 475 per share, the issue is valued at 11 times its FY18 earnings. It also offers an attractive dividend yield of 4.6 percent
BUSINESS
NMDC: Pricing the risk of lower production this year
At current market capitalisation of Rs 37,400 crore its stock is trading at 9 times its expected earnings, which is reasonable.
MONEYCONTROL-RESEARCH
Growth stocks turning into traps as companies play closer to foul line
Businesses that breach trust and indulge in bad practices are bound to fail. It will only be a matter of time before that happens.
MONEYCONTROL-RESEARCH
Reliance Infrastructure: Turning “D” rating into a re-rating?
The company now expects to cut interest cost by about Rs 1,800 crore and improve its liquidity and financial profile
