BUSINESS
Power Grid Corporation of India: What is supporting the stock price
Betting on India's planned spike in power T&D investments, Power Grid is ramping up capital expenditure
BUSINESS
Cochin Shipyard: Improving execution, strong order book to support stock
While the valuation is on the higher side of the historical range, the stock should do reasonably well, considering the earnings visibility and orders in hand
BUSINESS
MTAR Technologies: Poised to do better
The quality of business, capital allocation, and strong order pipeline are some of the factors that should drive growth
BUSINESS
IRCON International Q3: Strong execution capabilities visible
Robust rail and highway capex will boost the order book; however, competitive intensity and delay in execution will have to be watched
BUSINESS
Va Tech Wabag: Higher scale to support strong earnings growth
The company is confident of maintaining good execution on the back of a strong order pipeline
BUSINESS
Tata Power: More room for growth
Investments in renewables and the green energy value chain have unlocked the potential for the future
BUSINESS
Cummins India: Higher valuation could limit stock upside
The company is capitalising on opportunities in the domestic market as the export market remains sluggish
BUSINESS
Data Patterns: Continuity in earnings growth to support stock
With the ongoing investments and efforts to demonstrate its enhanced capabilities, the company is looking for a larger pie of the domestic defence and other critical electronics markets over the next 1-3 years
BUSINESS
ideaForge Technology: The beginning of a new chapter
Well positioned to capitalise on multiple revenue streams and address evolving customer needs.
BUSINESS
Bharat Electronics: Improving visibility, earnings to support stock
Improving product mix, strong R&D focus, increase in non-defence segment revenue, and exports should drive BEL performance
BUSINESS
Momentum for railway, defence in India Budget
The provision of Rs 1 lakh crore for R&D is a ground-breaking move
BUSINESS
Larsen & Toubro: Growth momentum could moderate
Stock upside is capped because of the likely sluggishness in domestic business
MONEYCONTROL-RESEARCH
JSW Energy: Riding ahead of its earnings growth
The company is benefiting from higher power demand and elevated price
BUSINESS
Budget 2024: Infrastructure - Government likely to continue capex push
While this will be an Interim Budget, the overall mood is that the government will continue to spend, particularly because private capex is at a nascent stage and there is buoyancy in government revenues
BUSINESS
Suraj Estate IPO: Apply for listing gains
Given the balance sheet issues in the past, the IPO is richly valued.
BUSINESS
Inox India IPO offers a long-term compounding opportunity
The company is likely to benefit from the rising demand for cryogenic equipment
INDIA
Ircon International: In-line numbers, big-ticket orders take focus
Robust capex on railways and highways will boost order book and provides greater visibility
BUSINESS
Hindustan Aeronautics: Strong earnings visibility and order pipeline to support stock valuation
Monopoly status, advanced manufacturing capabilities, global partnerships, and a robust order book augur well for the company
BUSINESS
Cochin Shipyard: Strong order book to support higher earnings visibility
Though long-term opportunities are intact, near-term stock gains could be moderate
BUSINESS
Engineers India: Lower growth, uncertainties could keep stock under pressure
Over the next six months, orders worth Rs 30,000-40,000 cr could come up for bidding and the company is eying orders worth about Rs 2,500-3,000 crore. The stock has, however, undergone a rerating and valuations are high
BUSINESS
MTAR Technologies: Earnings take a brief pause, but stock is gradually turning attractive
Though the company missed the expected growth in Q2FY24, because of the declining revenue in the clean energy segment, the quality of business, size of opportunity, capital allocation, and order book visibility remain intact.
BUSINESS
Power Grid Corporation of India: Back on the growth path
A planned increase in capex provides earnings visibility
BUSINESS
Tata Power: Growth driven by new businesses to support the stock
Big initiatives in renewable and clean energy to start reflecting in the performance over the next two years
BUSINESS
Cummins India: Too much uncertainty, high valuation limit stock upside
Increasing competition, constant need for product changes and persistent issues in export markets lower the predictability of its business in the near term
