BUSINESS
BHEL’s buyback: Is it throwing good money after bad?
It would be worth noting that the success of any buyback would only yield results with the commensurate turnaround in the fundamentals of the business
BUSINESS
IRB InvIT: Does accumulation of units by promoters signal better days ahead?
IRB Infra promoter purchased 75 lakh units of IRB InvIT as prices hit a low. The fund currently offers a yield of close to 16 percent
MONEYCONTROL-RESEARCH
IRCON International IPO: Attractively priced
At the upper band of its offer price of Rs 475 per share, the issue is valued at 11 times its FY18 earnings. It also offers an attractive dividend yield of 4.6 percent
BUSINESS
NMDC: Pricing the risk of lower production this year
At current market capitalisation of Rs 37,400 crore its stock is trading at 9 times its expected earnings, which is reasonable.
MONEYCONTROL-RESEARCH
Growth stocks turning into traps as companies play closer to foul line
Businesses that breach trust and indulge in bad practices are bound to fail. It will only be a matter of time before that happens.
MONEYCONTROL-RESEARCH
Reliance Infrastructure: Turning “D” rating into a re-rating?
The company now expects to cut interest cost by about Rs 1,800 crore and improve its liquidity and financial profile
BUSINESS
Ideas for Profit: Amid slowdown, Cochin Shipyard & Bharat Electronics best placed
It would be prudent to wait for one or two more quarters. Defence is a theme that will ultimately play out
EARNINGS
Construction sector in a sweet spot; Dilip Buildcon and J Kumar should do well
The correction in midcaps has bought many construction companies to reasonable-to-attractive valuations
BUSINESS
How L&T’s buy-back could correct its faulty capital allocation & reward shareholders
Our calculations suggests that a Rs 9,000 crore buy-back would have an about 170 basis points impact on FY18 RoE
BUSINESS
Ideas for Profit: Tata Steel, Coal India worthy of investor attention
At the current market price, Tata Steel is trading at 9 times FY19 estimated earnings, which is reasonable
BUSINESS
Hindalco Industries: Aluminium business steals the quarterly show
The movement in LME prices from here on and the acquisition of Aleris would be key to Hindalco's future performance
EARNINGS
Q1FY19 Result Analysis: Nalco a beat but NMDC disappoints
Strong earnings growth and cash in the books makes Nalco an attractive buy in aluminium space.
BUSINESS
KEC International: Creating pillars of growth
Considering the strong order book and improving execution, traction in overall revenue should remain strong
BUSINESS
Adani Ports & SEZ trades at low valuations despite strong earnings visibility
Valuations too remain supportive, based on the FY19 estimates earnings of Rs 20 a share
MONEYCONTROL-RESEARCH
SAIL – improved outlook and a reasonable valuation
As against a loss of Rs 685 crore in June quarter last year the company posted a profit of Rs 540 crore in Q1FY19.
EARNINGS
Solar Industries: Firing on all cylinders
Solar Industries clocked close to 32 percent growth in sales during the quarter ended June 2018, even in a slightly dull environment, thanks to its timely diversification.
EARNINGS
NTPC is a dividend play at best; don't expect it to be a growth stock
If the company's growth does not improve materially, investors would better off valuing the stock on the basis of dividend alone
EARNINGS
Is Vedanta’s cash in books eroding value for its shareholders?
Repaying debt, making acquisitions in related areas, investing in organic growth and payment of dividends to shareholders are some of the things that are being deliberated upon by the management.
BUSINESS
Astra Microwave: Operating in a challenging industry environment
Lower valuations reflects market’s apprehensions about earnings growth, which could be muted this year on account of lower margin and slow growth.
EARNINGS
JSW Steel: Rise in debt from recent M&A debt to weigh on performance
In the current fiscal, JSW Steel should be reporting a net profit in the region of about Rs 7500-8000 crore.
EARNINGS
Q1FY19 outperformers: Four companies that posted outstanding results and worth investors’ attention
Moneycontrol Research took a dive into the earnings season.
BUSINESS
Aleris buy likely to widen Hindalco's moat, but at what cost?
The management indicated that benefits of these synergies would be mostly seen over the next three year
EARNINGS
Q1 review: Above-average growth helps L&T post strong quarter
The government’s focus on speeding up the awarding of key projects before the election is leading to strong growth.
EARNINGS
Sterlite Technologies: Strong growth in earnings to continue
The company delivered 87.5 percent growth in earnings during the quarter ended June 2018
