BUSINESS
Bata: Valuations demanding; buy on corrections
Given Bata’s robust fundamentals and its ability to derive healthy operating margins, it is not surprising to see the company trading at lofty valuations of 42 times its 2-year forward earnings.
BUSINESS
Arvind: Re-rating subject to an improved performance in textiles
We remain enthused about the company's branded apparel, advanced materials and engineering businesses given their revenue visibility and ability to perform consistently well
BUSINESS
Shoppers Stop: Invest for the long haul
In the aftermath of the sharp correction, the stock, despite being optically expensive, is worth keeping on one's radar
BUSINESS
Tailor-made bet: Improved Q2 show makes Raymond a good value buy
At 20.4 times its 2-year forward earnings, Raymond’s valuations are inexpensive and attractive for going long
BUSINESS
Shaily Engineering Plastics: Investment-worthy at current levels
The stock is currently trading at 17 times its estimated earnings for FY20. We advise investors to take advantage of the attractive valuation
BUSINESS
Shoppers Stop: Correction provides a good entry opportunity
Tweaks in the revenue mix in favour of premium lifestyle products, coupled with improving cash flows, should augur well for the company’s earnings.
BUSINESS
Reliance Retail -- next big thing for Reliance Industries
Reliance Retail's target is to open more than 6,000 outlets pan-India with a top-line potential of roughly $20 billion by FY20-end.
BUSINESS
Trent: A worthy contender despite steep valuations
Though chances of a sharp near term re-rating are minimal, the moats, in our view, remain convincing enough to pick this stock for the long term
BUSINESS
D-Mart: Margins disappoint; accumulate on dips
It remains to be seen as to how the company manages to gain incremental market share without hurting its margins.
BUSINESS
Whirlpool: Strong fundamentals, favourable prospects justify valuations
Benefits of brand appeal, adequate cash resources, high asset turns, efficient working capital practices and parental guidance on research should help the stock re-rate noticeably in the long-run.
BUSINESS
V2 Retail: Attractively priced; a worthy buy
Network augmentation, an improved product mix, impetus towards working capital efficiencies, volume-driven growth and a strong balance sheet should work in favour of the company in the long-run.
BUSINESS
Ideas for Profit: Gold import relief a good opportunity to buy Titan
Even though jewellery remains of core importance to Titan’s success, the company has been gradually transitioning itself into a consumer-focused company by foraying into new product categories
BUSINESS
Centre's duty hike: Domestic manufacturers to benefit but higher cost could spoil festive mood
Although the duty hikes will have a positive impact on the fiscal situation of the Indian economy, the impact on companies will vary on an individual basis
BUSINESS
Voltas-Beko: How the tie-up bodes for India’s leading AC brand
The deal will help Voltas penetrate the industry at a deeper level with diverse products in its kitty.
BUSINESS
With Aditya Birla's More in its cart, Amazon looks to take Indian grocery retail by storm
By virtue of the deal, Amazon’s long-unfulfilled goal of tapping the Indian food and grocery market at a big scale has fructified.
BUSINESS
Will equity market & dollar-rupee performance mirror 2013 or is this time different?
We don’t see a depreciating rupee against the dollar derailing the equity market.
BUSINESS
6 key trends in retail to watch out for post Q1 results
Retail remains a promising industry in the Indian context, given the large consumer base throughout the country.
BUSINESS
Leisurewear Q1 review: Which stocks should you bet on for the long term?
An oligopolistic nature of the market, higher consumer discretionary spending, wider reach of organised retailers and increased awareness towards health/hygiene should benefit leisurewear companies in the long run.
BUSINESS
Footwear Q1: Premium products, asset-light expansion to determine re-rating
While Relaxo and Sreeleathers reported healthy top-line growth YoY, Bata was the standout performer on the margin front.
BUSINESS
Industry challenges impact export-focused home textile companies in Q1 FY19
While the rupee’s depreciation against the dollar in recent times could offer some respite to home textile majors, the near-term outlook for the sector as a whole is far from promising.
BUSINESS
Amazon or Google-Paytm Mall -- Which partner could offer Future Retail more bang for its buck?
The underlying theme of this development underscores the importance of having the right blend of brick-and-mortar and online presence in a business where margins, more often than not, can be very thin.
BUSINESS
Shaily Engineering Plastics: Home furnishing products crucial to success
The company's 14-year long relationship with a Swedish home furnishing major should help it capitalise on the latter's aggressive growth plans for the Indian market.
BUSINESS
Ideas for profit: Blue Star, Voltas worthy medium to long term picks
Notwithstanding the challenges in the unitary cooling segment in the quarter gone by, both companies have all that it takes to bolster their fundamentals in the long-run.
BUSINESS
Amber Enterprises: A good buy despite a weak Q1
A strong order book, relationships with marquee Indian AC brands, impetus towards high-margin inverter ACs, benefits of recent acquisitions and momentum in the AC component sales division should augur well for the company.
