BUSINESS
Vedanta: Copper smelter restart could boost valuations
Since the crisis erupted in May this year, nearly Rs 30,000 crore of its market capitalisation had been wiped out.
BUSINESS
Indian Energy Exchange: Buyback is likely to be value accretive for shareholders
Our calculations suggest that at the current market price, even if the company is able to utilise 50 percent of cash on its books, it would be in a position to buy back close to 4.5 percent of its paid-up equity.
BUSINESS
India’s risk premium increases, that’s bad news for equities
India's equity risk premium has gone up from 2.9 percent in November this year to 3.4 percent in the first week of December
BUSINESS
Ideas for Profit | JSW Energy: High cash balance, low debt make it an attractive power play
BUSINESS
Indian Energy Exchange: Trading with higher volumes
Directionally, with the improvement in the transmission infrastructure, evacuation facilities and growth in power demand, exchanges would have a higher share. And IEX which has a market share of close to 97 percent would be one big beneficiary of this growth.
BUSINESS
IRCON International: An attractive bet
BUSINESS
Here’s how engineering cos reinvent their biz as opportunities shrink
This shift will provide diversification and scale but help garner higher margins and ensure sustainability for many of these companies as the competitive landscape changes
MONEYCONTROL-RESEARCH
Defence sector Q2FY19 review: growth prospects improving
BUSINESS
Salasar Techno Engineering: A high quality smallcap trading at attractive valuations
The stock is currently trading at 9.6 times FY19 estimated earnings, which is quite reasonable for a company that is growing and has strong return ratios
MONEYCONTROL-RESEARCH
Construction sector: A contrarian investment bet
While a strong order book has been the key driver, most companies believe the execution of projects has significantly improved as key flagship government projects reach the completion stage.
BUSINESS
GE T&D India: Battling the slowdown
A lot of pure transmission and distribution (T&D) players are increasingly finding it difficult to cope up with the drop and possible slowdown in transmission capex, particularly in the conventional energy sector.
BUSINESS
Ideas for Profit: Post Q2 results, here are 3 engineering stocks to look at
On an aggregate basis, 10 companies that we have covered in this study have delivered 20 percent revenue growth as they benefitted from improved execution.
MONEYCONTROL-RESEARCH
Tata Steel Q2 review: Capacity building initiatives, strong pricing trend prove beneficial
Thanks to the operating efficiencies kicking in because of the high scale, the company gained in terms of operating margins.
BUSINESS
Ideas for Profit: NBCC - Operational issues overshadow strong core-business growth in Q2
The company's management has maintained its 35 percent revenue growth guidance for the current financial year, largely because of its strong order book of close to Rs 80,000 crore
BUSINESS
Ideas For Profit|Larsen & Toubro: Q2 performance raises expectations
At current valuations of 22 times FY19 estimated earnings, the stock is reasonably valued.
BUSINESS
ABB India Q2 FY19 review: Leveraging the right business mix
At 40 times its CY19 earnings, the stock is richly valued, particularly in light of the 13 percent return on equity
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.
