MOFS's fee based businesses have scaled up well over the last few year but its overall performance is dragged down by the housing finance subsidiary, Aspire
The company's management has maintained its 35 percent revenue growth guidance for the current financial year, largely because of its strong order book of close to Rs 80,000 crore
We believe that very high or very low crude prices are not sustainable in the long run as they impact the number of producers on board the supply ship
We expect earnings to grow at 39 percent CAGR over the next couple of years and the stock performance should mimic the same,
The performance of business has benefitted from the stabilisation in industrial demand post the introduction of Goods and Services Tax last year.
Balaji Amines is the market leader in the manufacture of methyl amine, which is the building block of the aliphatic amine value chain
Strong execution of electro-mechanical projects offset the disadvantage of weak AC sales in the quarter gone by.
Macro factors such as favourable demand–supply dynamics and micro factors like increased capacity and operating efficiency will continue to aid JK Paper’s profitability
Recent government initiatives (Dedicated Freight Corridors, Sagarmala and BharatMala) along with GST, e-way bill and change in axle load norms is aiding growth as well as formalisation in the sector.
Heidelberg reported its highest ever EBITDA per tonne of Rs 1,041 in Q2 despite rising cost pressures.
We continue to maintain our positive outlook on the company. However, investors need to watch out for its succession plan
As far SNCL is concerned, its diversification into various end-market applications holds promise and helps it to move beyond the commodity play
Apart from competing with various players in the Indian airspace the airline will be fighting for market share with companies in which Tata's have interest.
The management outlook on operating margin remains positive. It is also aiming at a price increase of about three percent in Q4. Bulk of its cost saving target (Rs 250 crore) is expected to unfold in the second-half
Strong domestic mutual fund inflows into equities continue to more than offset the lackluster FPI flows in the recent years
Although some hurdles in the operating environment have curbed growth at present, we expect these to stabilise and overall earnings to improve in FY19
We continue to exude confidence in the company on the back of its dominant position in bikes with engine displacement above 250cc and a shift in customer preference towards premium products. The recent correction have made valuations attractive
Input cost pressure is being increasingly absorbed by companies as the demand environment in weakening
Strong jewellery offtake in H2 FY19, consequent normalisation of promotional expenses and operational efficiencies in the watches segment are expected to be the major re-rating triggers.
The government-to-government level trade deal to export sugar to China will be a game changer for the beleaguered sector
Given Bata’s robust fundamentals and its ability to derive healthy operating margins, it is not surprising to see the company trading at lofty valuations of 42 times its 2-year forward earnings.
The company has aggressive growth ambitions and envisages to grow at 2x the industry rate and double its revenues over the next 2 years.
In the first half of this fiscal year, FSCS has added Haldirams, Crompton Greaves and Voltbek Home Appliances (JV between Voltas and Turkey-based Arçelik) and JK Helene Curtis (Raymond Group Company) to its list of clientele.
With political uncertainty out of way, market’s focus is back to monetary policy. Federal Reserve’s Nov meeting brings in improving context for a Dec rate hike and so not surprisingly USD and yield are strengthening again.
The conservative approach of the management is likely to pay dividend in the long term