SECTOR
GAIL India & Indraprastha Gas: Mixed Q1 performance, sector positioned for growth
GAIL and IGL reported strong volume and a topline growth during Q1FY19. We find both stocks fundamentally sound and stay convinced with their growth story. While valuations for GAIL are attractive, we would recommend a better entry point for IGL.
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
BUSINESS
Dhanuka Agritech: Soft Q1 but long term story intact
Dhanuka Agritech's performance in Q1 remained largely muted. We believe there are numerous factors which support its long term growth story
EARNINGS
DCM Shriram Q1: Sugar segment a drag on profitability
We stay cautious on the pricing factor and the price volatility, which might impact the profitability and stock returns.
BUSINESS
Ideas for Profit: PI Industries posts a subdued performance in Q1; buy
With a strong order book line-up and removal of current hiccups, we see the stock as an attractive pick
EARNINGS
Chambal Fertilisers Q1 review: Healthy growth
Although the urea subsidy situation is comfortable, we see raw material and procurement prices remaining an overhang. The recent correction makes the stock attractive.
EARNINGS
Mahanagar Gas & Gujarat Gas: Volumes drive growth
We find both stocks attractive but prefer MGL over GG given its cheaper valuations
EARNINGS
Q1 review: Coromandel International, Sharda Cropchem deliver mixed performance
While Coromandel International was able to expand operating margin by almost 120 bps on the back of price hikes, the same for Sharda Cropchem contracted 270 bps due to supply disruptions from China for yet another quarter.
EARNINGS
UPL Q1: Steady growth, attractive pick
UPL reported a steady quarter with an 11 percent year-on-year (YoY) growth in revenue driven by a healthy growth in volumes and price hike during the quarter.
BUSINESS
Petronet LNG: Strong volumes drive growth in Q1, buy for the long term
With continued shortage of LNG domestically and capacity expected to boost future volume, we see the stock as a steady long term performer
BUSINESS
Reliance Industries results review: Another quarter of robust growth in petchem, Jio
Jio continued to post strong revenue growth, along with an improvement in operating profitability during the quarter.
STOCKS
UPL-Arysta Life deal: What should investors do with the stock?
Even with the volatility in the currency market, UPL remains an attractive pick given the steep correction in the stock in the past weeks
BUSINESS
A look at what’s oiling the oil markets
The volatility in the crude prices has been immense and is expected to continue.
EARNINGS
Rallis India Q1 review: Low base aids, input cost weigh
Commercialisation of new molecules is also something to look out for in the long term
EARNINGS
Scattered monsoon, delayed sowing could impact Q1 earnings
The current monsoon strength seems to be covering up for the scanty and scattered pattern till now and a lag effect might be observed in Q2 FY19
BUSINESS
Will the MSP hike double farm income or is it a myopic patch work?
MSP is a short term eye wash which can be called a myopic solution to the agrarian distress.
STOCKS
Natural gas, jet fuel may come under GST ambit, which companies will benefit?
Airline companies can expect an annual relief of Rs 3,000-5,000 crore under input tax credit if the same is included in GST
INDIA
US imposing sanctions on Iran – what it could mean for India
With India importing nearly 15 percent of its crude imports from Iran, the future course of diplomatic policy and trade alterations would be worth watching out.
SECTOR
What ADNOC's investment in the Ratnagiri refinery means for India
The company has signed an agreement to partner with Saudi Aramco to buy 50 percent stake in the $44 billion Ratnagiri oil refinery and petrochemical project
BUSINESS
Should India heave a sigh of relief after the OPEC meet?
We expect the production increase, along with enhanced flow of supplies from US shale, to reduce the supply side pressure on oil in the coming months
BUSINESS
OPEC meeting round the corner – should we be smiling?
With changing geopolitical dynamics over the last few months, there are strong expectations of a change in the overall strategy.
EARNINGS
Ideas for profit: Time to check into these hotels
We have high conviction on Indian Hotels and it remains our top pick. From the midcap space, we like Royal Orchid.
EARNINGS
HOEC: Re-rating in store for this high growth business
Investors with a penchant for investing in high growth businesses should look to add on any weakness in the current market volatility.
