Krishna Karwa

Research Analyst

Moneycontrol Research

Amber Enterprises: A worthy buy despite expensive valuation

BUSINESS

Amber Enterprises: A worthy buy despite expensive valuation

Tailwinds such as low penetration of ACs in India, high entry barriers, increasing inverter AC sales, and higher disposable incomes are expected to augur well for the company.

V-Mart: Robust fundamentals justify premium valuations yet again

BUSINESS

V-Mart: Robust fundamentals justify premium valuations yet again

Growing share of private labels, volume-led revenue growth, cost rationalisation measures, and network augmentation will pave the path ahead for the company.

Future Retail: Network expansion, business restructuring to drive performance

BUSINESS

Future Retail: Network expansion, business restructuring to drive performance

Given the series of restructuring steps taken by Kishore Biyani lately, it may take a while for earnings to catch up with the valuation.

Symphony Q4 review: Correction offers valuation comfort

BUSINESS

Symphony Q4 review: Correction offers valuation comfort

Brand positioning, innovative product launches, demand revival and profitability of its international subsidiaries will be the key success drivers,

Lux Industries: Premium products, brand visibility crucial to success

BUSINESS

Lux Industries: Premium products, brand visibility crucial to success

A robust portfolio of brands, consistent earnings performance, minimal capex requirements and market expansion initiatives should help the company boost its growth.

Voltas: 5 reasons that make it a compelling pick

BUSINESS

Voltas: 5 reasons that make it a compelling pick

Growing demand for ACs and commercial refrigeration products, robust order book in the electro-mechanical projects space, strong fundamentals and capabilities to tap into markets pan-India are some of the key positives that could work in favour of the company.

Shaily Engineering Plastics: Corrections could provide good entry opportunities

BUSINESS

Shaily Engineering Plastics: Corrections could provide good entry opportunities

A combination of engineered/specialised product lines, growing order book from marquee clientele and robust fundamentals bodes well for the company.

Blue Star: Long-term prospects make it a cool stock to buy

BUSINESS

Blue Star: Long-term prospects make it a cool stock to buy

From an investor's point of view, traction in the air cooling segment, enhanced brand visibility, product launches, government projects, and addition of clients are key tailwinds.

Aditya Birla Fashion: Performance improves in FY18, but valuation limits upside

EARNINGS

Aditya Birla Fashion: Performance improves in FY18, but valuation limits upside

Going forward, growth in lifestyle brands, reduction of losses in fast fashion, addition of new Pantaloons outlets and operational efficiency will chart the company's growth trajectory.

Titan: Studded jewellery, store additions key growth drivers

BUSINESS

Titan: Studded jewellery, store additions key growth drivers

Recent disruptions in the gems and jewellery sector have catapulted the company to an enviable position among organised players.

Arvind: Branded apparel drives Q4 show, but demerger to shift focus back to textiles

BUSINESS

Arvind: Branded apparel drives Q4 show, but demerger to shift focus back to textiles

The company's aim is to achieve a sales growth of 10 percent from the textiles business, around a third of which it expects from the garments division.

Indo Count: FY18 growth marred by headwinds, remain cautious

BUSINESS

Indo Count: FY18 growth marred by headwinds, remain cautious

The company’s numbers in the quarter and fiscal gone by were tepid due to destocking by major US retailers, a strong rupee vis-à-vis the dollar, volatility in raw material costs and higher power expenses.

D-Mart: The stellar run continues

BUSINESS

D-Mart: The stellar run continues

A shift in product mix from grocery items to general merchandise, GST-led market share gains, operating leverage and debt repayments enabled the company's operating and bottom-line margins to improve.

Trent: Westside outlets, hypermarkets to drive long-term growth

BUSINESS

Trent: Westside outlets, hypermarkets to drive long-term growth

Accelerated network augmentation in connection with Westside stores, lower discount days, reduction of losses in Landmark outlets and operational efficiencies led to a robust all-round performance in FY18.

Initiating coverage: Beat the market heat by getting cool with Symphony

BUSINESS

Initiating coverage: Beat the market heat by getting cool with Symphony

Symphony's robust financials, backed by emphasis on core competencies and multi-year growth visibility, make it a worthy inclusion in the list of reliable performers.

Use earnings-linked weakness to accumulate Shoppers Stop

BUSINESS

Use earnings-linked weakness to accumulate Shoppers Stop

A rejig in private label brands, initiation of digital programmes, expense rationalisation decisions, and conclusion of store refurbishment by Q1FY19 will be decisive in driving earnings visibility.

Raymond: Valuations rich, buy on dips

BUSINESS

Raymond: Valuations rich, buy on dips

Capacity utilisation, store additions, product launches and monetisation of Thane land will be pivotal in terms of future earnings visibility.

Kewal Kiran Clothing Q4 review: Subdued performance in the face of intense competition

BUSINESS

Kewal Kiran Clothing Q4 review: Subdued performance in the face of intense competition

Though the company's financials have been consistently healthy, problems pertaining to sluggish revenue growth continue to persist.

Why is the Indian consumer durables space promising?

BUSINESS

Why is the Indian consumer durables space promising?

Notwithstanding some minor hurdles, the sector remains in a sweet spot and is undoubtedly worth banking on.

Footwear companies Q3: Finding growth pathways amid challenges

BUSINESS

Footwear companies Q3: Finding growth pathways amid challenges

Tailwinds such as increasing disposable incomes, growing preference towards branded discretionary items, and inroads made by organised retailers across the country are the key catalysts that could give this sector a noticeable fillip in due course.

Weak capex a bigger worry for market than political risks

BUSINESS

Weak capex a bigger worry for market than political risks

Given the present bearish environment and high market sensitivity, companies across sectors such as FMCG, consumer discretionary, infrastructure, private sector banking, and non-banking financial services may be considered for investments.

It may be better to wait for the IPO rollercoaster to stop before hopping on

BUSINESS

It may be better to wait for the IPO rollercoaster to stop before hopping on

Although stocks that belong to the crème de la crème may come across as costly investment options, market corrections certainly provide opportunities to buy them at some point.

How does the LoU ban impact India Inc?

BUSINESS

How does the LoU ban impact India Inc?

The general consensus among industry bodies is that RBI could have tightened the existing regulations on LoUs rather than imposing a blanket ban on them.

Home Textile Companies Q3: We prefer Himatsingka Seide & Trident

BUSINESS

Home Textile Companies Q3: We prefer Himatsingka Seide & Trident

Though valuations of the home textile stocks appear undemanding, investors may consider going long on Himatsingka Seide and Trident given their ability to tackle headwinds better than their peers, good fundamentals, and strong execution competencies.

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