Caution advised! IOC, BPCL & HPCL are cheap for a reason
Policy uncertainty in light of high crude prices, inflationary environment and populism in an election year make us cautious on this space
Indian Hotels Q4: On track to grow business and improve margins
Overall, the initiatives on rigorous restructuring, exits from non-core non-profitable businesses, and increased focus on improving margins appear to be bearing fruit
Ideas for Profit | Macro tailwinds to help gas sector further strengthen growth story
The gas downstream sector is positioned for numerous macro tailwinds which we expect would facilitate rapid growth in the future
Indian Agriculture: Misdirected populist policies doing more harm than good
Populist support measures are only a short-term solution and aggravate the imbalance in resource allocation.
What spike in crude could mean for downstream oil cos – will govt. go back on its words?
Brewing geopolitical tensions coupled with fears of trade wars and inventory cuts are expected to keep crude up in the near term
What hike in natural gas price means for stakeholders
Ruchi Soya deal to boost Godrej Agrovet's palm oil business, dilute EPS in short run
The anticipated aquisition of a stake in Ruchi Soya could provide Godrej Agrovet's palm oil business significant expansion opportunities. Though EPS dilutive in the short run, we see significant synergies to flow in from the deal in the longer run.
Lemon Tree Hotels IPO – be my guest by paying a premium!
The upcoming hotel chain has presence in the midscale economy segment in India.
GSPL to acquire additional stake in Gujarat Gas – pain or gain?
GSPL has approved the purchase of another 28.4 per cent stake in Gujarat Gas from its parent company GSPC.
Approval of urea subsidy with nationwide DBT rollout to benefit fertilizer sector
The government has also started work on reviving closed urea manufacturing plants to ramp up production by 2022, in order to reduce imports of fertilizer.
Upstream oil companies: Pricing momentum looks supportive, ONGC a better pick at current levels
Given the price uptick for both crude and gas, it should have a positive rub-off on net realizations. ONGC can be bought at current levels, but look for a better entry point for Oil India
Short-term solutions like MSP, farm loan waiver will not put an end to farmers' income woes
Maharashtra has a lopsided allocation of resources that favors certain crops and orphans others, which further aggravates the issue of farmers' incomes.
Reduced prices of BT cotton seeds – respite for farmers, toxic for seed companies
The government is proposing to cut the price of the BT cotton seeds (Bollgard II) from Rs 800 to Rs 740 per packet (450gm packets). While the move would provide some respite to cotton farmers, it stands to eat away margins of seed companies.
Godrej Agrovet Q3 - steady growth, quality stock that merits attention
With an operationally diverse yet synergistic verticals, the company has consistently generated strong returns over the past years which is expected to continue in coming quarters. Given the company’s exposure to the Agri and animal husbandry sectors which were at the core of budgetary allocations and development objectives, the company is positioned to benefit.
Tata Chemicals Q3FY18 – A good buy on the back of tailwinds
With completion of the restructuring, the company is now positioned to focus on expansion of core segments amid rapid growth
Mixed bag of Q3 earnings from gas marketing companies, sector in a sweet spot
With rising crude prices, cost efficiency of natural gas, environmental concerns, policy framework changes and budget allocations, the gas distribution companies are positioned for a strong uptick in volumes.
Petronet LNG – Strong volume growth boosts performance
Higher volumes led to higher PLNG profitability with efficiency gains and margin improvement.
Aster DM Healthcare IPO – can give it a miss
The issue stands fully priced in which leaves little on the table for the investors, limiting any near term upside.
Coromandel International – Healthy Q3, outlook positive
The fertiliser and nutrient segment saw a healthy 2.4 percent uptick in the margins.
PI Industries Q3: Roadblock in an otherwise long-term growth story
With continued commercialization of new products, strong orderbook line up, global agrochemical recovery, clearing up of inventory channels and a conducive domestic agri environment, we expect growth to pick up at PI in FY19
Budget 2018 - what it means for Indian Agriculture
The focused budgetary measures directed at rural India aim to realize the 2022 goal and give the desired push in an election year –thereby killing two birds in one shot.
Rallis India Q3 – Price pressure dampens volume uptick
Continued improvement in revenue & volumes and benefits from parent company’s restructuring make Rallis India a quality stock to accumulate gradually.
Hindustan Oil Exploration Company – stellar Q3, performance to improve
The Assam block is now contributing significantly towards revenues and profitability and the company plans to improve volumes rapidly.
ONGC HPCL deal – valuation premium for synergies or to plug the fiscal gap?
The current market valuation of a 51 percent stake in HPCL stands at roughly Rs 32,000 crore, that too at a time when markets are at an all-time high.
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