BUSINESS
KEC International: All-round improvement to support earnings, stock
With higher scale, strong orders in hand, order pipeline and improvement in margins, the earnings trajectory remains strong
MONEYCONTROL-RESEARCH
IdeaForge Technology: Pricing in too much optimism
Growth levers are in place and the company is moving towards a higher scale
BUSINESS
Cummins India: Slow growth in export market hurts sentiment
The company expects margins to improve on the back of cost reduction and investments in new products and technologies
BUSINESS
Power Grid Corporation of India: Tweaking strategy to grow fast
Higher capex and other measures to help tap new opportunities
BUSINESS
NTPC: Focus on renewables to cheer shareholders in the long run
The company has the experience and expertise in executing renewable projects. Plus, because of the low cost of capital borrowing, at around 6-6.5 percent, it has a huge advantage in the long run
BUSINESS
Thermax: Growth in earnings well priced in the stock
While the outlook is improving, one should be cautious in the near term, given that the stock has moved up swiftly.
BUSINESS
Bharat Electronics: Strong growth curve set to continue
Better execution, capacity expansion, and improving margins to support earnings growth
BUSINESS
Larsen & Toubro Q1 FY24: Execution picking up, earnings to follow
Strap: Strong order inflows, better execution, and momentum in capex cycle augur well for the company
BUSINESS
Engineers India: Stock set to ride on earnings, valuations support
Business driven by strong order inflows, improving execution, stable margins, diversification into new markets, and a focus on green energy.
BUSINESS
Cochin Shipyard: Sailing through steady waters
Slow execution of some of the large projects, delays in approvals, change in scope of projects, and non-availability of key imported components have hit the company. In the current year, it is expecting close to Rs 3,900 crore revenue – an YoY growth of almost 65%
BUSINESS
Bharat Dynamics: Recovery in business to support sentiment
The stock is reasonably valued after the recent correction. Order flows are expected to be good, with some of the large defence programmes reaching the final stages. The management has guided to a revenue of Rs 3,200 crore in fiscal 2024, up 28.5% from last fiscal.
BUSINESS
Ideaforge IPO: Are you looking at a long-term compounder?
With the govt restricting import of drones and focusing on the domestic space, Ideaforge has a bright future. It is already sitting on an order book of close to Rs 192 crore on an annual revenue of Rs 186 crore
BUSINESS
Is BHEL’s turnaround story for real?
BHEL’s turnaround strategies may result in an improvement in the long term, but the current state of financials and business do not support the euphoric rise in its share prices
BUSINESS
Railway engineering stocks: The valuation curve could get back to mean
Valuations have bumped up, but they may not remain sustainable in the medium term
BUSINESS
What should you do with IEX after the steep decline?
The power exchange is finding it difficult to protect its moat amid regulatory uncertainties
BUSINESS
Defence Shipbuilders: Time to be selective
Too much expectations built into the valuation of the stocks
BUSINESS
NTPC: Plugging into a new circuit of growth
The power generator is riding on the back of stable earnings and better demand along with its increasing footprint in the renewable space
BUSINESS
Indian Energy Exchange takes a pause as earnings narrow in the near term
The energy market is stabilising with the expectations of demand coming back in the near future
BUSINESS
Engineers India: Growth momentum gathering steam
With order inflows and orders in hand remaining strong, there is enough scope for improvement in execution and margins
BUSINESS
Cummins India: Riding on strong economic revival
Recovery in the end market and improving profitability are expected to support earnings of Cummins
BUSINESS
Bharat Electronics: Strong orders fire up the growth cannon
Diversification and initiatives in the emerging segments are yielding positive results
BUSINESS
Va Tech Wabag: Better growth, profitability on the way
Order inflows remain strong while focus on debt reduction and profitability continue to drive earnings
BUSINESS
Thermax: Faster execution at the heart of growth
March quarter sees a 16 percent YoY jump in consolidated revenues; margins improve
BUSINESS
Hindustan Aeronautics: Eyeing higher growth
With strong orders in hand and better earnings visibility company continues to ride higher
