BUSINESS
Mphasis: Weak result; positive commentary but upside already captured in the price
The Q1 performance indicated two things — deal momentum is strong and is led by non-BFS deals
BUSINESS
Reliance Q1 results: Newbies cover the weakness of the legacy business
Though O2C revenues declined, consumer-facing businesses displayed better operating efficiencies
BUSINESS
LTTS Q1 FY24: Is there an opportunity amidst the weak quarter?
It is likely to take one to two quarters for revenue growth to pick up and any meaningful synergy from SWC acquisition to come into the picture.
BUSINESS
Netweb Technologies: Should you subscribe to the issue?
At the upper end of the price band, at Rs 500, Netweb is valued at an FY23 PE of 60x. This is expensive, considering that larger peers HPE and VMware trade at significantly lower multiples.
BUSINESS
Zomato: Should it be part of your investing menu?
The quick-commerce and the B2B segments are doing well, while the growth in the food delivery business is slowing
BUSINESS
Saregama: Strong content play should keep the story intact
A strong catalogue, the management’s prudence in acquiring music content, and tailwinds driven by the OTT trends in India put the company on a strong footing.
BUSINESS
ZEEL: SEBI bars promoters; what lies ahead of investors?
A change in leadership could restore investors' trust in the company and create value for shareholders
BUSINESS
Zee Entertainment: More wait on the sidelines
While the cautiously optimistic expectations of the management have been unchanged, the stock performance in FY24 would depend upon the resumption of FMCG ad spending as well as the completion of the ZEEL-SPNI merger
BUSINESS
Info Edge: IT hiring slowdown lingers, valuation doesn't play ball
The company management has been seeing an IT hiring slowdown and expects it to remain in the next couple of quarters.
BUSINESS
What the IPO of Tata Technologies brings to Tata Motors
With more than 74 percent stake in Tata Tech, Tata Motors can garner huge returns from the flotation of its subsidiary
BUSINESS
PVR Inox: Why do we continue to be cautious on this stock?
Margins and occupancy will take time to stabilise because of the increasing popularity of OTT platforms
BUSINESS
Indraprastha Gas Limited: Decent quarter, valuation indicates upside
Steady costs to provide better visibility to margins, while volumes are likely to grow, albeit slowly
BUSINESS
Gujarat Gas: Earnings up on soft gas cost; on road to recovery
Low gas prices drive volume recovery. Margins remain stable.
BUSINESS
Mahanagar Gas: Surprise performance sets tone for FY24
The twin benefits of the new gas price policy and soft spot gas prices have started accruing for MGL, which would further solidify unit margins.
BUSINESS
Mphasis: Why are we not turning buyer in this stock despite the correction?
The IT company’s large exposure to the BFSI segment acts as a big overhang on top-line growth
BUSINESS
LTTS: In-line result but valuation a dampener
The management has guided FY24 revenue to grow by 20 percent in constant currency terms, of which 10 percent would be organic and the rest SWC.
BUSINESS
MapmyIndia: Strong investment case despite a mixed Q4
MapmyIndia’s management guided revenue growth of 40 percent and EBITDA margin of 40 percent in FY24
BUSINESS
Reliance Industries puts up a strong show across new-age businesses
There’s scope for re-rating as the conglomerate’s current valuation implies near-zero value for the new energy business and little upside from the growing consumer business
BUSINESS
In a gloomy quarter for IT sector, Cyient shines
Cyient has been an outlier so far as sectors' demand challenges are yet to be seen in the business domains it caters to
BUSINESS
What does revised gas pricing mean for the CGD sector?
New regulations provide respite to CGD players and consumers alike, however, APM gas shortage would continue to be met via LNG and HPHT gas
BUSINESS
Mphasis: Does the price correction present an opportunity?
Uncertainty in IT spending, especially in the BFSI segment, significantly limits possible upside to the stock
BUSINESS
Oil Update: What should investors do after the OPEC shocker?
Portfolio construction should be focused on business models that can survive high cost of capital; avoid pockets where the margin of safety is limited
BUSINESS
Avalon Technologies IPO: Should you subscribe?
At the upper end of the offer price, Avalon is valued at an FY22 PE of 41.8 times, which is relatively lower than peers but isn't necessarily cheap.
BUSINESS
Indraprastha Gas: Shift to EVs a long-term challenge with medium-term upside
The IGL management has guided the overall gas volume to be 9 & 10 mmscmd by FY24 & FY25. This incremental demand will be met via open-market gas sourcing, unit EBITDA is guided to be between Rs 7 and 8 per scm.
