MONEYCONTROL-RESEARCH
Coal India: Is the improvement a blip or trend?
While fundamentals are improving, the stock may remain under pressure as a result of the government’s planned divestment
MONEYCONTROL-RESEARCH
Arfin India: Emerging smallcap riding value added aluminium products wave
We would like to highlight the management's penchant for innovation and hunger for growth, strong return ratios and prudent financial risk management
MONEYCONTROL-RESEARCH
Sterlite Technologies: European acquisition would be value accretive
Sterlite Technologies is currently trading at 21 times its FY20 estimated earnings, which is reasonable in the light of its growth prospects
BUSINESS
Power sector woes to continue; selective buying a prudent strategy
Within the power sector, we are more constructive about state-run utilities such as NTPC, which has a stable cash flow stream, capacity addition and low regulatory risk
BUSINESS
Mining stocks attractively priced
At 6 times FY19 estimated earnings, GMDC remains one of our attractive picks in the mining space
BUSINESS
Why should investors stay away from firms facing insolvency proceeding?
The Securities and Exchange Board of India has placed 109 stocks under surveillance and included companies that are undergoing insolvency proceedings causing a lot of panic and speculation among investors.
MONEYCONTROL-RESEARCH
NBCC: Execution key to future performance
Valuations are reasonable in the light of growth and strong order book.
BUSINESS
RITES IPO: Low capital needs, robust cash flows make it a good train to board
The company requires a bare minimum amount of capital to operate because its business generates free cash flow consistently, which is distributed in the form of divided
BUSINESS
KEC International: Valuations reasonable, new businesses to sustain momentum
Valuations are reasonable in light of the strong order book and superior earnings visibility
MONEYCONTROL-RESEARCH
T&D stocks riding on strong government-led capex; positive on Voltamp Transformers
Most T&D stocks are reasonably valued given the growth in earnings
BUSINESS
Defence sector: On an extended waiting period
Most defence companies are sitting on a huge order backlog but haven’t been able to book revenues.
BUSINESS
Construction sector: Strong order book, lower lending cost to ensure strong footing
In Q4FY18 itself, these companies have delivered strong 31 percent growth in earnings on a sales growth of close to 17 percent
MONEYCONTROL-RESEARCH
Ideas for Profit: Coal India's Q4 show ignites new hope
The company is expected to report an earnings per share (EPS) of about Rs 27 a share in FY19.
MONEYCONTROL-RESEARCH
NBCC: Management optimistic of FY19 growth with strong order pipeline
Management is expecting more and more projects to come from the redevelopment of government and PSUs land
BUSINESS
L&T: Continues to deliver in challenging industry environment
At the current market price of Rs 1376, price to earnings ratio works out to about 23 times, which is reasonable.
COMPANIES
Godawari Power & Ispat — Walking a tight rope
What investors are buying today is a lot of future expectations. If any of these expectations do not materialise, investors will be left with a highly leveraged commodity company having poor return ratios and volatile earnings history.
MARKETS
Eight common behavioural mistakes in a bull market
What really matters is the balance of mind and behaviour particularly during times of exuberance in the markets where stocks tend to run ahead of fundamentals. While behavioural fallacies are common in all kind of markets, here are a few that need a serious check in a bull market.
BUSINESS
Gandhi Special Tubes: Buyback to create value
Post the buyback, outstanding shares will come down by 6 percent and earnings will improve by 3 percent after accounting for the fall in other income as a result of the reduction in cash on account of buyback of shares.
BUSINESS
JSW Steel in a sweet spot after lifting of ore mining ban
At the current market price of Rs 251 a share, the stock is trading at about 11 times its FY19 estimated earnings and 6.7 times EV/EBIDTA, which is reasonable.
BUSINESS
How should investors make a play for the NCLT distressed companies?
While an immediate resolution of these assets and acquisition by a serious player could definitely help revive these companies, will investors make money? The question needs to be seen in the light of the prospective acquisition of the deal.
BUSINESS
SAIL renewed focus on value-added products could bring it closer to peers
SAIL is making a structural shift and its JV with the ArcelorMittal for making 1.5 million of auto-grade steel could be a step in the right direction.
STOCKS
Gravita India is churning waste into treasure and how
The company will be compounding its equity at a very high rate of return rather than distributing the cash back to its shareholders in the form of dividend.
BUSINESS
Future Supply Chain IPO: Growth at a reasonable price
In terms of growth the recently expanded capacity will add to both sales and net profit apart from its efforts to grow non group clients.
BUSINESS
Indian Railways turning out to be a big opportunity for engineering companies
The government is estimated to invest close to Rs 1 lakh crore for the redevelopment of the stations. The Ministry of Railways is aiming to redevelop 10 railway stations on a pilot basis for Rs 5000 crore.
