Capex Cycle

Good cash flows in most front-rung companies and a vibrant equity market resulted in decline in industrial credit offtake

Capex cycle in India not yet on durable, self-sustaining path: Nomura

The size of new investment projects announced remains low by historical standards, wrote the economists

Earnings should pick up in two quarters, market looks 'constructive', says Madhu Kela

MK Ventures' Madhu Kela believes the recent fall has helped in the consolidation phase, and the stock market is extrapolating weak earnings of previous two quarters for the rest of the year, which should revive.

Rethink PE ratio valuation for high capex sectors like cement, specialty chemicals: Kotak analysts

Kotak analysts recommend reassessing this valuation method in these high capex sectors since earnings do not translate well into free cashflow or dividends

As Jefferies draw up capex theme, L&T, Thermax, Polycab, KEI shine as good bets

As the capex cycle gathers more pace, Jefferies believes investors will be forced to buy stocks even if they are expensive as as the choices to play the theme are limited.

Nine high conviction investment themes that will make you money in 2023

2023 promises to be another volatile year, our investment themes will help you ride out the uncertainty.

Waning input cost pressure, rising investments herald upturn in capex cycle: RBI article

The balance of risks is increasingly tilted towards a darkening global outlook and emerging market economies (EMEs) appear to be more vulnerable, the article stated.

Is the Indian economy on the cusp of a new capex cycle?

Although bank and corporate balance sheets are in good shape, there’s still a lot of uncertainty, which is holding back private capex 

Will macro headwinds dampen animal spirits in the domestic investment cycle?

While a recent FICCI survey points to rising capacity utilisation and an improvement in the outlook for manufacturing, rising inflation and tightening monetary policy may delay capex

Story in charts | How did investment intentions do in the second quarter?

Capex is still stagnant as far as early indicators go

Private sector capex cycle recovery still looks dodgy

An RBI report finds that investment intentions of Indian private sector companies remain sluggish as reflected by lower numbers of new announcements and completions of projects

Moneycontrol Pro Panorama | How to revive the stalled private capex engine?

In today’s edition of Moneycontrol Pro Panorama: The wait for capex cycle, a tall order for govt, the economic fatigue, GST Council’s to-do list, the crypto whodunit, Weekly Tactical, Immunity Tracker and more

Govt’s infra focus can aid capex recovery, fiscal support key

An analysis of the order announcements by industrial firms and contract awarding agencies by Investec Capital Services shows healthy ordering activity in the June quarter

Govt’s infra push to benefit construction sector first and capital goods later

Companies such as Dilip Buildcon and KNR Constructions see sizeable order inflows while capital goods companies expect a more gradual recovery

India’s capex cycle: Will the pain end soon or do we have a long wait ahead?

It’s not just the shift in government focus from capex to consumption that is worrying — the results of the upcoming elections is also a source of uncertainty

RBI status quo disappoints demonetisation-hit India Inc

Disappointed with the Reserve Bank's decision to leave key policy rates unchanged, India Inc today said a rate cut was needed to revive demand hit by the cash crunch post demonetisation.

Banks to deliver good growth in FY19; underweight on IT: BofAML

Speaking to CNBC-TV18, Sanjay Mookim, Director – India Equity Strategy at Bank of America Merrill Lynch said that FY19 will see banks delivering reasonable growth.

Big returns come from panic levels which are missing: S Naren

The best investment decisions are taken during bubbles & bursts, said S Naren, CIO, ICICI Prudential AMC.

Focus on domestic businesses than IT firms in India: JP Morgan

JP Morgan has an overweight stance on India with expectations of double digit returns as the index moves towards 9,000 level. Strong earnings are expected in 2017, Adrian Mowat of JP Morgan says.

Rural growth to stay slack; bearish FMCG, 2-wheelers: CLSA

In a report the brokerage house has said the rural slowdown is policy-driven and will likely sustain until capex cycle picks up.

Dec rate cut clarion call seen; FY15 GDP at 5.1%: JP Morgan

Sajjid Chinoy, Asia Economics JPMorgan says that the growth seen in IIP over the past few months has been due to strong exports.

Go for IT, FMCG; banks to stay under pressure: Anand Rathi

IT, some pharma and FMCG companies that are not ruling at exotic premium could be the safe havens for investors. Given the way the market is behaving, it would be preferable to stay with liquid stocks

RBI may cut CRR by 0.25%, but no cut in repo : BoA-ML

Despite some public sector banks responding to finance minister P Chidambaram's call to cut base rate, tight liquidity remains a constraint.