Escorts (CMP: Rs 1,632; M Cap: Rs 21,140 crore) has reported a disappointing set of Q1 FY23 numbers due to weaker product mix and a significant rise in raw material prices. Escorts continues to be in a sweet spot as it caters to rural areas where the sentiment is improving. The company’s strong position in the domestic market and new products make us confident about its business. Further, its valuation -- 21.1 times FY24 projected earnings -- is at a reasonable...
Moneycontrol Pro Panorama | The pot boils for oil, will India feel the heat?
Oct 3, 2022 / 02:24 PM IST
In today’s edition of Moneycontrol Pro Panorama: Automakers back in the driver’s seat, this stock looking for old shine, RBI surveys paint a different picture, litmus test for India’s foreign policy, the L factor in Congress election and moreRead Now
Moneycontrol Pro Weekender | Fighting the Fed
Sep 3, 2022 / 10:06 AM IST
India is bracing for the ripple effect of the frontloading of rate hikes by the US Fed. The question is, can it have the last laughRead Now
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