English
Specials
    Upgrade
    MoneycontrolBe a PRO
    Moneycontrol PRO
    you are here: HomeNewsEye on indiaVideos

    ION Exchange: Signs of strong recovery, earnings visibility remains good

    Recovery in business and improving earnings visibility at ION Exchange are expected to support valuation

    Jitendra Kumar Gupta
    December 08, 2020 / 02:13 PM IST
    ION Exchange: Signs of strong recovery, earnings visibility remains good

    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

    Highlights - Engineering segment sees strong pick-up led by higher execution - Chemicals business remain insulated and higher utilisation to help in improving profitability - Expect strong earnings recovery in second half of current fiscal - Stock trades at good valuation ION Exchange (CMP: Rs 802;  Mcap Rs 1,177 crore), the leading player in the water and industrial pollution treatment, has seen an improvement in operating performance with project execution picking up speed and its offices and facilities starting to function post the impact of the pandemic. While...

    • PRO Panorama

      Moneycontrol Pro Panorama | ​Can somebody call the bottom by now?

      Jun 27, 2022 / 06:35 PM IST

      In today’s edition of Moneycontrol Pro Panorama: The bounce in markets, Fintech trouble, Zomato-Blinkit, IT's defensive traits and more

      Read Now
    • PRO Weekender

      MC Pro Weekender | A new narrative

      Jun 25, 2022 / 12:28 PM IST

      Stock markets are celebrating the turn in inflation, but the bond markets are looking at the coming slowdown

      Read Now

    To read the full story, Subscribe to Moneycontrol PRO

    Access the exclusive stories, weekly investment ideas and daily technical calls in an Ad free experience

    View Plans

    Already a member? Sign in

    Limited Period offer on Moneycontrol PRO. Subscribe to PRO and get up to

    50% OFF

    What Do You Get

    • Ad free experience

      Experience a non-intrusive navigation and faster response in the ad free mode

    • Sharpest Opinions

      Access to 230+ exclusive stories per month from our editorial and Experts

    • +

      Have a Global edge with access to content from world renowned experts and journalist

    • Actionable Insights

      Access to 40+ weekly investment ideas including 4 daily technical calls

    • Virtual Events

      Exclusive access to live webinars from market experts on trading and investment strategies

    • Newsletters

      Daily and weekly insights bundled and sent to your inbox to keep you ahead in the race.

    View Offers

    Get upto 50% discount on limited period offers