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

    Krishna Karwa
    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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