BUSINESS
Ideas for Profit: Asian Paints posts strong Q1 but premium valuation tempers our excitement
We maintain a cautious view on the stock as current valuations offer limited upside considering Asian Paints' trading multiples are near to consumer sector leaders
BUSINESS
Ideas for Profit: Strong Q1 reinforces our faith in Havells' business execution, accumulate on dips
New product launches and deeper market penetration leading to an increase in market share drove growth in the consumer durables segment
BUSINESS
Ideas for Profit: UltraTech posts healthy volume growth in Q1, accumulate on dips
Exit prices at June-end was higher than the quarterly average. Higher exit prices should support realisations ahead of a weak monsoon season.
BUSINESS
Cera Sanitaryware annual report review: Resilient business, accumulate
With the launch of two new brands Cera has expanded its portfolio across multiple segments
BUSINESS
Amid midcap carnage, these 3 companies posted stellar earnings in Q1
Investors need to be mindful of volatility in the midcap space and should capitalise on the weakness
BUSINESS
Annual report review: Here’s how Havells is leveraging tech to be more consumer focussed
The management has stepped up its investments in IT infrastructure. It has completed more than 200 IT projects in the past 2 years to bring in business efficiencies across departments.
BUSINESS
Navkar Corporation: Vapi terminal to be a game changer
With majority of the capital expenditure behind it, improving free cash flows will help it de-leverage the balance sheet and and push return ratios into double-digits
BUSINESS
ACC–JPA cement deal: Does the acquisition makes sense?
Besides gaining market presence, the deal should help ACC gain economies of scale
BUSINESS
Plastics pipes: Multiple growth levers
From a valuation standpoint, Astral Poly Technik trades at premium valuation given its business moat, strong business fundamentals and historic track record
BUSINESS
Avanti Feeds, Apex Frozen Foods & Waterbase: The good days seem to be over
FY18 turned out to be an exceptional year for shrimp exporters as the companies benefited from slight pick-up in realisations as well as benign raw material prices.
COMPANIES
Large cap cement pack – where should you put your money?
The industry is looking forward to better capacity utilisation this year, as the demand environment, led by a pick-up in infrastructure and housing, is expected to remain buoyant.
BUSINESS
Cera among top picks in sanitaryware segment for long-term investors
The sectoral outlook for FY19 looks positive as revival in new construction activity (post the implementation of RERA) is expected to spur the demand for building products
BUSINESS
Prefer VRL Logistics to Allcargo, accumulate on dips
We expect VRL Logistics to be a steady compounder over the next few years and therefore advise long term investors to accumulate the stock on dips
MONEYCONTROL-RESEARCH
4 consumer durable stocks to bet on for the long term
The consumer durable market offers immense growth potential as penetration levels of even the most basic electronic goods are in low double-digits
BUSINESS
Prefer Heidelberg, Sanghi Industries from midcap cement pack
We feel the competitive pressure will continue to remain high in the northern and western regions. However, the companies with strong presence in east, central and south (specifically Andhra and Telangana) region will benefit from an improved demand environment in these geographies.
BUSINESS
Outlook positive on Indian tile industry, watch out for Asian Granito
While Asian Granito is focusing on increasing its retail presence, Kajaria and Somany are gradually diversifying their business by foraying into sanitaryware and bathware segments
BUSINESS
Berger Paints: Near term positives priced in, upside limited
The management is optimistic on demand in FY19 and remains confident that the recent price hikes will ease off margin pressures.
BUSINESS
TCI Express: Moving in the fast lane
Aided by industry tailwinds and increased economic activity, the managements expects FY19 topline to increase around 20%
BUSINESS
Shreyas Shipping & Logistics: Making waves
The company enjoys a market share of over 50 percent in the domestic containerised cargo trade business and 90 percent share in EXIM transhipment.
BUSINESS
Finolex Cables: Accumulate for the long term on any weakness
Considering its industry prospects and the management’s execution capabilities, we expect the company to grow at a steady rate of 14-15 percent for the next couple of years.
BUSINESS
Transport Corporation of India: More tailwinds at a reasonable valuation
Aided by industry tailwinds and increased economic activity, the managements expects the momentum to continue in FY19 and expects a topline growth of 15 percent.
BUSINESS
Dixon Technologies: A secular play on Indian consumer electronics; Accumulate on dips
The management is aiming for a 20 percent growth in topline by adding clients as well as mining relationships with existing clients.
BUSINESS
Dalmia Bharat Q4 review – Strong Volume growth; Margins surprise positively
Strong demand in eastern markets should help the company clock double digit volume growth over the course of the current financial year.
BUSINESS
Star Cement Q4 review – Weak quarter, but long term outlook intact
With a pick-up in infrastructure development activities, demand is expected to remain firm in Star Cement’s core operating markets.
