EARNINGS
Dhanuka Agritech: Earnings revive QoQ; long term story remains intact
The stock has corrected 32 percent over the last one year. After the correction, the stock is now trading at an FY19 estimated price-to-earnings of 17 times
BUSINESS
Insecticides India: Healthy volume growth boosts Q2 sales; an attractive long term pick
The stock has corrected 25 percent in the last three month and is currently trading 41 percent below its 52-week high. Post-correction, the stock is now trading at FY19 estimated price-to-earnings of 12 times
BUSINESS
Q2 FY19 review: Earnings mixed; accumulate IGL & MGL from the gas space
Given the macro opportunities, we remain positive on the sector's growth story
BUSINESS
Decoding the causes and impact of plunging oil prices
We believe that very high or very low crude prices are not sustainable in the long run as they impact the number of producers on board the supply ship
BUSINESS
Godrej Agrovet: Q2 margin remain compressed; buy for the long term
Although some hurdles in the operating environment have curbed growth at present, we expect these to stabilise and overall earnings to improve in FY19
BUSINESS
Sharda Cropchem Q2: Pressure on margins continues amid China's raw material supply challenge
With closing down of factories in China, the supply has been impacted and this has led to a surge in raw material costs.
BUSINESS
Coromandel International Q2 – margin pressure continues
Healthy reservoir levels coupled with the forecast of a normal north-east monsoon bodes well for the upcoming Rabi season. With major exposure in the southern states, we believe this would work in favour of a healthy second half for the company.
EARNINGS
PI Industries Q2 review – healthy traction from exports
A spurt in raw material costs due to strained supply from China continued to impact the margins.
EARNINGS
UPL Q2 review – mixed quarter; worthy of keeping on radar
In the long run, the Arysta deal could bring in significant synergies, improve margins and push up UPL in the global big league.
BUSINESS
Rallis India Q2FY19 review: Marginal improvement in performance but pressure on margins to continue
The company is currently impacted by external operating environment, and the overhang is likely to continue in the near term.
EARNINGS
HOEC Q2 show strong, a growth stock to bet on in volatile market
With production ramping, the company is now focusing on steady and sustainable off take of the produce.
BUSINESS
The cure for high prices is high prices, but why it’s not working for oil this time
While various nations have indicated their intention to increase production, how much of it would flow back and what would be the timeline is something to watch out for. This would define the contours of crude oil prices in coming months
EARNINGS
Reliance Industries Q2: Telecom, retail drive healthy results
Jio continued to impress with quarterly performance and despite strong competition, operating revenue increased and the company sustained operating margins as well.
BUSINESS
ONGC, Oil India, IOC's forced buyback a near-term positive for the stocks
The buyback route is being seen as a tool to meet the year’s divestment target by the government.
BUSINESS
Gas distribution companies: Fundamentals strong; stocks attractive after steep recent falls
IGL and MGL are strategically venturing into newer geographies. This would ensure a rapid growth in volumes in the future
BUSINESS
What is driving the volatility in oil markets?
We believe the approaching November deadline for Iranian sanctions could provide some clarity over the global geopolitical moves and would be one point in the timeline to watch out for. Till then prices are expected to remain volatile and news flows could have significant impact on the prices in both directions
BUSINESS
Erratic monsoon may impact kharif output in certain pockets
We expect erratic monsoon to have an impact on the Kharif output in Western and Southern states. However, with good reservoir levels we expect a healthy Rabi sowing in months to come.
BUSINESS
Gas price revision – Decoding the likely impact
Any increase in the prices of natural gas could have a visible impact on associated sector companies.
BUSINESS
Inventory gains sugar coat a weak Q1 performance in downstream oil companies
Although there has been a substantial correction in stock prices, we approach the current year with caution given the increasing global uncertainty, rising crude oil prices, growing agitation against higher petrol and diesel prices in domestic markets and government’s unwillingness to reduce taxes on fuel
BUSINESS
What’s brewing in the oil world?
A plethora of factors like trade wars, weather anomalies in the US, inability of nations to boost production have inundated a negative sentiment, leading to the firing up of oil prices
BUSINESS
Boiling crude: Subsidy sharing could spoil the party for ONGC, Oil India
Given the overall momentum in crude oil prices, we expect both companies to be comfortable as far as revenue is concerned
BUSINESS
Tata Chemicals: Capital allocation in high margin businesses key to stock re-rating
The stock has surged around 9 percent in the last one month and is 8 percent below its 52-week high
BUSINESS
Godrej Agrovet: Q1 performance mixed, dairy segment remains a drag
We see Godrej Agrovet as a quality stock positioned to deliver healthy long term returns
POLITICS
Ayushman Bharat: Need of the hour, but is India ready for it?
Given the worrisome state of health insurance in India, the move is a bold one and must be lauded. The current state of infrastructure and government finances seem distant from what a smooth implementation of the policy might warrant
