The stock is trading at 8 times its annualised cash profit in one of the worst quarter, which is quite attractive, particularly since chrome prices have moved up.
The bank stands out because of its sheer size and relatively better operating performance among public sector banks, which are fast losing their relevance in the financial system.
The company's valuations are quite reasonable, particularly in light of growth, opportunities in the sector and strong return ratios.
The total provisions during the year (of which the most would be for NPAs) increased from Rs 43,611 crore to Rs 105,150 crore — an increase of a whopping 141%, the report further stated.
A robust portfolio of brands, consistent earnings performance, minimal capex requirements and market expansion initiatives should help the company boost its growth.
Based on near term capacity expansion plans, improving end markets, product pricing scenario, expanding product portfolio both Balaji Amines (16.3x 2019e earnings) and Alkyl Amines ( 17.5x 2019e earnings) are well placed for growth in the near duopoly market.
We see numerous tailwinds for the company such as more organised players in the economy, strong exports, its defence strategy and focus on electric vehicles (EVs).
With a pick-up in infrastructure development activities, demand is expected to remain firm in Star Cement’s core operating markets.
Experts believe that the stock may have priced in the worst case scenario and hence an upward move is seen in this case.
While the management alluded to much better visibility in coming years, valuation at 31 times FY20e earnings limits near-term upside.
Growing demand for ACs and commercial refrigeration products, robust order book in the electro-mechanical projects space, strong fundamentals and capabilities to tap into markets pan-India are some of the key positives that could work in favour of the company.
We have turned positive on Bajaj Auto, considering the strong tailwinds in domestic three-wheeler market and the improved performance in export markets.
At the current market price of Rs 433 per share, the stock is trading at 20 times FY19e and 14 times FY20e earnings, which is quite reasonable and offers scope for appreciation. Improving RoE and leadership in a growing market make it a worthy long-term bet.
Crompton aims to introduce 1-2 innovate products in each season across categories.
The first company Moneycontrol Research spotted in the segment has progressed on strong growth coming from the commercial vehicle (CV) segment.
Its net profit rose 24.8% on year to Rs 263.2 crore for the quarter ended March 31, beating estimates.
PIND is a quality stock in the agro chemical space. At current prices, it is worth looking at from a long-term perspective.
While Britannia’s attempt to expand its portfolio and focus on high margins products is commendable, increasing competition in the premium biscuits and cheese categories needs to be watched carefully.
A combination of engineered/specialised product lines, growing order book from marquee clientele and robust fundamentals bodes well for the company.
In the medium-term, the company is expected to benefit from strong industry-wide positive trends in its non-cigarettes businesses, particularly FMCG and hotels.
Realisations and steel prices are much better compared to last year’s average, which makes the management even more confident of delivering better numbers
Revenue increased around 16 percent YoY and earnings before interest tax and depreciation improved around 17 percent.
We remain sanguine on the long-term prospects of the company as it enjoys a market leadership position and strong brand recall. We reiterate our view of a growth revival from the second half of the current fiscal
From an investor's point of view, traction in the air cooling segment, enhanced brand visibility, product launches, government projects, and addition of clients are key tailwinds.
India’s second-largest drug maker on Tuesday posted a massive net loss of Rs 783.5 crore in the fourth quarter ended March due to a one-time impairment provision on certain made on certain intangible assets related to Gavis acquisition in US.