BUSINESS
NIIT Technologies Q1 review: Great outlook deserves a look
The strong outlook and reasonable valuation beckons investor attention.
EARNINGS
Mindtree Q1 review: Strength sustains, accumulate on dips
Given the recent outperformance, we advise investors to watch out for dips and gradually accumulate this business which is rightly positioned for the future
BUSINESS
Ideas for Profit: Federal Bank posts a good Q1 with a better outlook
We are comforted by the progress in Q1FY19 and the management guidance and feel that the valuation is still undemanding in the context of the long growth journey ahead.
BUSINESS
Ideas for profit: Slow but steady growth is what's reassuring about Infosys' Q1 show
Stability in senior leadership, well chalked out execution strategy, better demand environment, generous payout and opportunities from a weaker rupee-dollar protects downside for the stock
BUSINESS
Cyient: A soft Q1 should not tarnish this long-term story
We expect the stock to consolidate following a weak Q1. However, we are confident about Cyient’s domain expertise, supplemented by the right acquisition and execution capabilities
BUSINESS
IndusInd Bank – as steady as it gets
We view Q1 FY19 as a continuation of the well-charted out strategy of building a solid business with a focus on high yielding/good quality assets, backed by retail focused low cost liability.
BUSINESS
TCS – a great start to another good year
While the payout limits the downside, rupee depreciation in a volatile global environment could act as a tailwind. Investors should use dips to accumulate TCS as a core holding in the large cap IT space.
BUSINESS
Ujjivan & Equitas: Rural economy on the mend, is it time to accumulate?
Valuation appears to be reasonable after the stock correction
BUSINESS
Gold financing companies: All that glitters may not be gold
Investors need to keep in mind that in the absence of a re-rating in the valuation multiple, long-term performance will largely track earnings growth.
BUSINESS
Mindtree: How should investors read into the possible change in control?
A change in ownership with an international major of repute can help sustain the premium, although near-term movement in the stock may get impacted by the deal valuation
BUSINESS
Is a possible stake sale to LIC the best solution to IDBI’s problems?
IDBI is not a lone case, there are about a dozen more banks whose capital position is precarious and they wouldn’t be in a position to raise capital from the market. The moot question remains, how many will LIC bail out?
BUSINESS
COMMENT-The US-China trade war has no winners, and markets will have to live with it
This is a war without a cease-fire in sight. This is a fact global markets will have to digest.
BUSINESS
RPG Life Sciences – Track for the long term
The management medium term goal of Rs 1,000 crore turnover by FY22 looks like a tall task now
BUSINESS
Credit growth improved in FY18 – who did it benefit?
For every additional Rs 100 of deposits in the banking system, Rs 55 is attracted by the 15 private banks and Rs 45 goes to the 21 public sector banks
BUSINESS
FY18 a good year for vehicle financing NBFCs – more steam left?
Should the headwinds lead to a correction in stocks, investors should look at some of the strong NBFCs
BUSINESS
Why creating a 'bad bank' is a better idea than simply throwing money at PSBs
Sweden, Finland and Ireland have all used bad banks to help end financial crises. In Asia, South Korea and China had resorted to creation of bad banks as well
BUSINESS
Luggage companies had a stellar run – what should you do now?
Although the medium to long-term outlook is extremely positive and the companies do not really see a problem in growing their revenue, investors got to keep in mind the pressure to near-term earnings especially in the context of the valuation.
BUSINESS
COMMENT: Rate hike removes event risk, markets should welcome 'neutral' stance
The rate hike removes a key event risk from the market and the front-loading of the action should help rein in inflationary expectations without upsetting the green shoots of recovery.
BUSINESS
COMMENT | Wary of trampling on green shoots, RBI may tiptoe to August before hiking rates
While inflationary pressure beckons attention, our fragile economic growth warrants nurturing.
EARNINGS
COMMENT-Q4 results show silver linings in several sectors, marred by large banking sector cloud
Invest in businesses where there is decent earnings visibility coupled with valuation comfort.
BUSINESS
VA Tech Wabag – difficult FY18 but promising long-term outlook available at a decent valuation
While the stock performance in the near-term is largely contingent on resolving the receivable issue and traction in large orders, we see limited downside and significant upside
BUSINESS
Karur Vysya Bank – small but getting smarter with end of asset quality woes near
While Q1 FY19 is likely to be another soft quarter for KVB, we are building in a revival in the second half of FY19. At 1.1 times book and 1.4 times adjusted book of FY19, the consolidation phase offers a great opportunity to accumulate this stock for the long term.
BUSINESS
COMMENT-Heeding Krugman's call to focus on manufacturing is key to Rising India
Conventional economic theory suggests that when an economy progresses, it passes from being predominantly agrarian to having a preponderance of manufacturing, and then becomes services-driven as it attains maturity.
MONEYCONTROL-RESEARCH
HDFC Bank and Kotak Mahindra Bank — The haloed duo with a long, promising road ahead
Investors got to stay invested in these stocks despite despite the optically expensive valuation.
