BUSINESS
Cummins India: Domestic market fuels growth
The company expects a double-digit growth in revenues and better margins, going forward
BUSINESS
Indian Defence Stocks: Correction unlocks long-term growth potential
Given volatile geopolitics, defence orders by the government and exports are going to pick up, going forward
BUSINESS
Enviro Infra Engineers IPO — Anything beyond listing gains?
The company is increasing project sizes along with expanding geographies
BUSINESS
NTPC Green Energy IPO: A long-term bet on India’s green power drive
The support of parent NTPC will help NGEL access low-cost funding
BUSINESS
Thermax: Stock valuation warrants caution in the near term
With strong traction in areas like air pollution control, wastewater management, and zero-liquid discharge, the company is expecting its industrial products to perform well in the second half of FY25
BUSINESS
PGCIL: Higher capex guidance, expanding project pipeline offer confidence
The poor financial performance in Q2FY25 was caused by one-off issues. The strong capex plan, huge orders in hand, and a robust pipeline of T&D projects signal brighter days ahead
BUSINESS
Data Patterns: Stock to track earnings growth, order inflows
The company expects better order inflows in the second half, given the pipeline of orders which are pending for approvals. It is investing heavily in R&D and product development
BUSINESS
Acme Solar Holdings: Performance does not merit investment in IPO
A static top line and an inconsistent bottom line elevate the stock valuation to a great extent
BUSINESS
Tata Power: Renewables, growth capex provide good visibility
Core business takes a hit, but will recover going forward as demand improves
BUSINESS
Larsen & Toubro: Faster recovery in H2 likely, higher order inflows take focus
A general slowdown in the construction and engineering segment in H1 hit the company. However, higher capex and likely availability of workers and other resources are expected to make H2 stronger.
BUSINESS
Indian Energy Exchange: Earnings stability, reasonable valuations to support stock
Though power demand has seen a slowdown recently, the company expects new offerings like a green Real-Time Market and 11-month contracts to help increase volumes in the coming months
BUSINESS
Stable earnings growth, possible listing of NTPC Green to support stock
Capex programme and diversification strategy of the power utility well on track
BUSINESS
Afcons Infrastructure IPO: Should investors bet on it?
The company has a strong parentage, rich experience, and follows the best risk management practices in the construction industry. Those investors wanting a long-term exposure in an EPC pure-play can consider the offering.
BUSINESS
Cochin Shipyard OFS: Is it worth a look?
With an order book nearing Rs 22,000 crore, which is more than five times its annual revenue, the company is well-positioned for a sustained growth.
BUSINESS
KEC International: Prospects look better in the second half
Order book is strong and the T&D segment is likely to show a decent recovery
BUSINESS
NTPC: IPO for renewables business to unlock value in coming months
A combination of strong growth, backed by a robust pipeline of projects, and relatively higher return ratios mean better value unlocking
BUSINESS
RITES: Muted business outlook, high valuation can limit returns
A change in revenue mix, fall in exports, and low margins from the consultancy business are areas of concern
BUSINESS
KRN Heat Exchanger IPO: A long-term play on the domestic growth push
The money raised through the fresh issue will be deployed to set up a greenfield facility
BUSINESS
Bharat Electronics: Should you invest? The case remains compelling
Strong earnings visibility and a robust order pipeline augur well for the company
BUSINESS
Arkade Developers IPO: Is this real estate play worth your eyeballs?
The company has land and funds (IPO money) to work with, providing good visibility. Through internal accruals and IPO money, it will acquire additional land, which would help sustain growth
BUSINESS
Indian Energy Exchange: Does it still keep its halo for your portfolio?
Higher demand for electricity, product diversification, and favourable regulations augur well for the exchange
BUSINESS
Gala Precision Engineering IPO: Is this precision parts maker worth your attention?
The company’s balance sheet is strong and the valuation looks attractive
BUSINESS
Power Grid: Strong project pipeline, likely execution pick-up to drive stock higher
While the stock has performed quite well in the recent past, it is still a good candidate to ride the growth in domestic capex.
BUSINESS
Bharat Dynamics: Does the correction signal a buying opportunity?
With a strong focus on innovation and quality, BDL is a symbol of India's defence capabilities
