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The stock gained 34 percent in the last one year as the company made progress on the projects under construction
Long-term thesis is improving but trading at an expensive multiple
A stock well positioned to benefit from growing and continually evolving agri-input space
If successful, the new CEO can arrest market share losses and raise competition for large deals
Near-term positive outlook and attractive valuations create room for stock upside
Rural spending as a percentage of GDP is projected to come down from 1.4 percent in FY23 to 1.3 percent in FY24
The focus is on higher capital expenditure and fiscal consolidation
Budget did not specify major incentives to scale-up battery manufacturing capacities or rapid adoption of EVs
The domestic electric vehicles (EV) market is projected to grow at an average annual pace of 49 percent between 2022-2030
VIP's own-manufacturing strategy is positive for margins and the stock valuation is at a discount to the consumer universe
The stock’s valuation has compressed from around 40 times FY21 earnings to about 23 times the FY23 earnings estimated figure
We see an improvement in Rallis’ business in FY24 and view the recent correction as an opportunity to accumulate for long-term gains
More than half of the defence budget is spent on personnel salaries and pensions, leaving limited funds for procurement and modernisation programmes
Steady growth visibility at Laurus Labs, backed by efforts towards diversification; valuation too is reasonable
Any development that improves affordability to farmers will augur well for agri-input demand and benefit manufacturers
We believe the government would keep the infrastructure spend elevated and announce incentives, like production-linked schemes, to encourage private investments and capital expenditure
Amid macroeconomic uncertainty, clients are delaying project ramp-ups. Some sectors are seeing pullbacks in discretionary spends
Total annualised premium equivalent increased 30 percent in December 2022, faster than for the life insurance sector
Steel companies are reporting an uptrend in sales as domestic demand is on the rise. But they need steel prices, which are down due to global factors, to perk up
PTC India is in the limelight because of a potential change in ownership. But investors should be wary about its weak financial performance and changing business dynamics
States are reluctant to pay higher charges. Some discoms against changing the terms of the initial power purchase agreements
The benefit of favourable statistical base would wane for the remainder of FY23 because of which core sector output could tend to show lower growth on a YoY basis while improvement in domestic activity will aid sequential growth
A steady increase in demand is likely to result in thermal power sector utilisation levels rising in 2023 as well
Long-term investors could look to add some strong technology companies at a price correction
Earnings contribution from commodities, metal, energy companies are projected to reduce in FY23 and revert to historic levels next year
