BUSINESS
Adani saga could have pernicious effects on India’s new-energy economy
Renewables and natural gas are the two segments to watch out for as nearly 70 percent of the group’s investment had been aligned to the energy transition space.
BUSINESS
Shemaroo: Does DD Free Dish slot win make it pass the screen test for investors?
The slots secured are for Shemaroo Umang and a new channel called Shemaroo Ashirwad. With the new channels, Shemaroo will have four FTA channels in its bouquet.
BUSINESS
Gujarat Gas: Improving macros to aid margins, outlook
Gujarat Gas has cut prices in Morbi in the past two months and media reports indicate that, from March onwards, demand from Morbi has picked up significantly
BUSINESS
Mahanagar Gas: Acquisition adds shine to improving prospects
UEPL acquisition is subject to the approval of PNGRB (Petroleum and Natural Gas Regulatory Board) and MGL will pay Rs 531 crore in an all-cash deal for a 100 percent stake.
BUSINESS
Info Edge: Slowing IT hiring a sign of challenges ahead, valuation a grey zone
Group revenue growth is decelerating as IT hiring has slowed down. Although growth in non-IT hiring helped offset the impact, the outlook remains cautious
BUSINESS
ZEE Entertainment: What does insolvency proceeding mean for the stock?
The ZEEL-SPIL merger may get delayed as NCLT accepts IndusInd’s petition
BUSINESS
CMS Info Systems: Another good quarter, still available at cheap valuation
CMS has expanded its EBITDA margin in all the quarters this year on a YoY basis. In the 9MFY23, the EBITDA margin grew by 300 basis points over the last year.
BUSINESS
PVR: Strong quarter lights up show, but is the worst over?
PVR saw a footfall of 22 million in the third quarter, which is an improvement both sequentially as well as year on year, but still below Q1 FY23
BUSINESS
Shemaroo: Why an avoid?
Shemaroo's EBITDA margins have been consistently narrowing as the company focuses on building revenue growth via investment in content and by adding broadcasting channels.
BUSINESS
Zee Entertainment: Disappointing quarterly numbers, rising cost concerns
The Zee Entertainment management has indicated that the FMCG sector-led ad spending weakness affected revenue, and it has not seen a recovery from it
BUSINESS
Zomato: How does slowing growth affect valuation?
Zomato appears to be on the way to profitability and this would come at the cost of growth, especially in the food-delivery business
BUSINESS
KPIT: Strong quarterly numbers, but does rich valuation support upside?
KPIT expects to beat its FY23 guidance and is of the view that overall growth can be more than 33 percent with more than 24 percent organic growth
BUSINESS
MapmyIndia: Growth step-up bears out re-rating potential
Strong margins and growth along with its large addressable market justify the premium valuation
BUSINESS
Budget 2023: Focus on green growth
Multiple announcements have been made to cut carbon footprint in the country
BUSINESS
GAIL: Disappointing results, not out of the woods
Supply issues and declining margin spread are key challenges for the gas PSU
BUSINESS
Saregama: Why a tepid quarter doesn’t upset our thesis
Monetisation opportunities of music as content augur well for the company’s growth prospects
BUSINESS
Mphasis: Accelerated deal wins face mortgage headwinds
The management feels the macro environment to be more challenging now, but expects Q4 to see better growth
BUSINESS
L&T Technology Services: Slow show in the quarter dims outlook
Third-quarter numbers been below expectations, putting pressure on the overall performance for FY23
BUSINESS
Cyient: Traction in core business, easing macros signal upside in this IT player
The management commentary indicated a bullish stance on opportunities and recovery that are driven by multiple themes in segments like automobile, energy & mining, and semiconductors.
BUSINESS
Gas sector: Not out of the woods yet
The forecast of a mild winter in January-February in Europe and the current EU storage level of 84 percent implies that the gas supply situation wouldn’t be severe
BUSINESS
Zee Entertainment: Slow recovery queers the growth pitch
ZEEL’s financials have been under pressure since Q4FY22 and its EBITDA margins in the first two quarters have been the lowest in the last 10 quarters
BUSINESS
CMS Info Systems: Why correction adds to attractiveness
Strong business fundamentals and growth trajectory help the company to stand out
BUSINESS
IPO ‘gold rush’ in the EMS space — Investors need to watch out
With no regulatory and proprietary barriers to entry, an EMS business is always vulnerable to the threat of new entrants who can do the same manufacturing more efficiently and at lower costs
BUSINESS
Elin Electronics: This electronics manufacturing IPO has a valuation hook
Elin Electronics is part of the high-growth Indian EMS (electronics manufacturing services) industry, which is set to grow at a CAGR of 41.1 percent over FY21-26
