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Ideas for Profit | This cooling stock lost steam in Q2. Should you still consider it?

January 03, 2020 / 07:35 PM IST
Ideas for Profit | This cooling stock lost steam in Q2. Should you still consider it?

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Johnson Controls-Hitachi Air Conditioning Systems India (Hitachi), with a market cap of Rs 5,209.7 crore, is one of India's biggest AC (air conditioning) and HVAC (heating, ventilation and air conditioning) players. The company also deals in refrigerators and air purifiers. (image) Hitachi reported a tepid performance in Q2. Favourable industry dynamics, periodic product launches, robust fundamentals and impetus towards commercial cooling will be critical to the company's success. The stock’s valuation remains heady. Q2 FY20 – Not much to cheer about Revenue growth was...

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