The premium valuation factors in limited volatility in earnings, innovation profile and strong execution capabilities
As an early adopter of digital and with the latter contributing close to 50% of revenue, Mindtree is likely to maintain its industry leading growth going forward
While the business has been performing well, the valuations seem equally attractive at current levels considering the long headroom for growth and earnings visibility.
Revenue increased 18% YoY driven by healthy growth in advertising revenue (21.7% YoY) and spike in subscription revenue (23.3% YoY)
The company faces twin pressures of falling steel prices and higher raw material costs on its profitability.
With the hefty payout limiting downside, we recommend buying Infosys
The IT major reported 12 percent quarter on quarter (QoQ) decline in December quarter net profit to Rs 3,609 from Rs 4,110 crore last quarter
We see Infosys moving along the guided path and a hefty payout (additional dividend of Rs 4 per share and Rs 8,260 crore buyback) limiting the stock downside.
Post recent raw material mobilization, company’s operations are in full swing. Company is sitting on sale order of 50,000 tonne and hopeful of capacity utilization of 96 percent in Q4. End market demand, particularly in aluminum industry (80 percent of sales) remains intact.
With the substantial progress on promoter stake reduction and full provision for IL&FS, the key overhang on the stock is behind us
We expect modest return from the stock in the medium term and recommend accumulation only on correction.
Revenue during the quarter grew 1.3 percent QoQ to Rs 37,338 crore in the October-December quarter.
The lender's advances book grew at an accelerated pace of 46% YoY in Q3, increasing to Rs 35,599 crore.
The lender reported a steady quarter with most parameters on expected lines. The ad-hoc provision on IL&FS exposure marred the reported performance.
With an installed capacity of 13.8 crore litres, GM Breweries is the single largest manufacturer of country liquor in Maharashtra.
Automotive Axles is gearing itself for upcoming EV wave and trades at reasonable valuations and hence making a long-term buy
The company is changing its product mix and focusing on B2C (business to consumer) through an expansion of the retail distribution network. The share of B2C sales has been on a gradual rise and contributed 11 percent to the topline during H1FY19