At the current market price, Tata Steel is trading at 9 times FY19 estimated earnings, which is reasonable
Dalmia Cement delivered a third consecutive quarter of double-digit volume growth and remains our preferred pick in the sector. We expect it to outperform its peers in the largecap cement space
Shaily's 14-year long relationship with a Swedish home furnishing major should help it capitalise on the latter's aggressive growth plans for the Indian market
Growth in aluminium production in the US (restarts) and Asia remains the key demand driver
The RBI had tightened PCA norms last year, adding to the stress in the sector. Banks’ bad loan provisioning rose after the regulator’s asset quality review in 2015-16
In terms of profits, the aggregate performance of companies witnessed a sharp improvement and increased by 32 percent Y-o-Y vis-à-vis a decline of 12.3 percent registered in Q1 FY18.
It isn’t that digitization of the financial sector has reached a saturation point. Large financial institutions are increasingly looking inwards to meet the demands of the marketplace.
The movement in LME prices from here on and the acquisition of Aleris would be key to Hindalco's future performance
Notwithstanding the challenges in the unitary cooling segment in the quarter gone by, both companies have all that it takes to bolster their fundamentals in the long-run.
Macro factors such as favourable demand – supply dynamics along with micro factors like increased capacity and operating efficiency will continue to aid JK Paper’s profitability
Morgan Stanley is Overweight on Grasim with a target price at Rs 1,329 per share as outlook for the VSF business remains constructive.
We continue to like the strong domestic business of Sun and the niche that it is trying to create with speciality in the US.
CLSA and HSBC remained positive on the stock but Citi maintained its Neutral call and Prabhudas Lilladher Reduce rating on Sun Pharma.
The company also said its board in a meeting held yesterday has approved raising a total fund of up to Rs 2,950 crore through issue of shares or equity linked instrument and optionally convertible debentures.
"The company reported a healthy increase of 17 per cent in its PAT to Rs 106.31 crore for Q1FY19, as compared to Rs 91.16 crore in the corresponding quarter of last fiscal. The company's Q1FY19 PAT margin stood at 16.14 per cent, as compared to 16.39 per cent in Q1FY18," the company said in a statement.
The deal now needs a go ahead from Competition Commission of India (CCI) to be consummated.
Total expenses too rose to Rs 1,339.08 crore as against Rs 1,286.22 crore earlier.
The Tamil Nadu-based lignite producer had clocked net profit at Rs 1,897.81 crore for year ending March 31, 2018.
Grasim said in a regulatory filing that its total income during the quarter under review stood at Rs 17,089.65 crore, as against Rs 11,222.17 crore in the year-ago period.
The company had posted a net profit of Rs 210.95 crore for the same period a year ago, Cox & Kings said in a filing to BSE. Consolidated total income from operations stood at Rs 2,201.58 crore for the reported quarter. It was Rs 1,922.62 crore in the year-ago period.
Total income in the reported quarter stood at Rs 272.25 crore. It was Rs 1,642.11 crore in the year-ago quarter, Videocon Industries said in a BSE filing.
All geographies have seen growth from a delivery perspective. Traditionally focused on the administrative side of healthcare business. Would like to go to to the medical side, where HGS can help improve outcome and reduce the cost of medical care.
SpiceJet's aircraft fuel cost jumped by 52 percent year-on-year to Rs 812.4 crore due to rise in oil prices in the international market.
Provisions during the quarter spiked over 157 percent to Rs 5,236 crore versus Rs 2,036 crore a year ago.
The company said its order book stood at Rs 44,628.7 crore till June-end.