BUSINESS
Portfolio tweak to focus on better earnings visibility: Replacing Axis Bank with Thirumalai Chemicals
We expect Thirumalai Chemicals' near term volume growth to come from increased capacity for food acids, fine chemicals, the improved operations from Malaysian subsidiary, followed by increased capacity for Phthalic Anhydride (+60,000 MT in 2019).
BUSINESS
Equity meltdown: Time to look at stocks with growth at reasonable price (GARP)
Though we are not ruling out further consolidation/ correction in Indian equities driven by weaker liquidity, news flow w.r.t. interest rate/inflation scenarios, and profit booking ahead of LTCG imposition, there are few stocks which investors can keep in investment radar given their disproportionate correction in recent times and fundamentals that are unfazed by the current developments.
BUSINESS
A tweak in our Diwali Portfolio: Switch to Vidhi Specialty Food Ingredients from Bhansali Engg Polymers
Vidhi Specialty seems well placed to increase market share as it embarks upon capacity expansion in 2018.
BUSINESS
Infosys results will be about Nilekani's strategy & improving on the Sikka legacy
The September quarterly results will be the first quarterly numbers after a change of guard took place in Infosys where a publicly fought boardroom battle resulted in Vishal Sikka resigning from his position as the head of the company.
