Investment Idea

Despite a volatile global steel environment marked by trade barriers, demand moderation, and pricing pressure, the company performed well.

Fujiyama Power Systems IPO: A power-packed growth story

Deep rural presence, robust expansion, and debt-light balance sheet to drive long-term momentum of this solar panel maker

ABB bets on the next capex wave

Short-cycle orders stay strong, QCO weighs on margins for now

Cummins India: A power-packed Q2 performance

Robust PowerGen growth, margin resilience offset temporary export softness

Coal India: Weak demand, pricing pressure weigh on Q2 earnings

The management’s ongoing diversification into renewables and critical minerals could help rectify the situation

Discipline, diversification to keep IEX charged up

The company has a dominant market position, strong balance sheet, and good earnings visibility

NTPC: Renewable push offsets muted generation in core standalone power business

The company continues to pursue its long-term growth strategy, focused on clean energy, capacity addition, and operational diversification, while maintaining execution efficiency and investment momentum.

Larsen and Toubro: Healthy earnings outlook, but valuations limit upside

The company is entering a new phase, expanding and consolidating its technology-led ventures to complement its established strengths in engineering, construction, manufacturing, and project management.

NMDC: Riding on strong steel demand, better pricing

The iron ore market has seen a steady upturn from the lows of July, with production and sales rising strongly, and the company’s near-term growth outlook appears quite good

Does the blueprint to modernise defence make it a long-term bet?

The government unveils 15-year roadmap that opens up multi-decade opportunities to integrate production, supply chains, and advanced technology platforms

Improving execution, diversification to lift Engineers India’s earnings outlook

Order inflows have broadened beyond hydrocarbons and the company is foraying into nuclear and clean energy

Vikran Engineering IPO: Can it deliver sustainable growth?

Equity infusion and prudent leverage to give VEL financial flexibility to capture opportunities in emerging areas

INOX India: Strong order book, tech edge offset tariff, execution risks

The Industrial Gas segment, the largest revenue contributor, declined 9.5% due to US tariffs. However, the company says there are very few suppliers in the US and tariffs apply mainly to steel components.

Hindalco Industries – Execution, strategic expansion key growth levers

Resilient Q1 with strong India operations and record downstream performance

Tata Steel turns to cost savings for profit stability amid volume pressure

While the near-term business performance may appear subdued, the company’s structural initiatives, such as capacity expansion and operational efficiency, are good for the long term

JSW Steel eyes rebound in Q2 after margin-led Q1 profit surge

Optimistic outlook on the back of expansion, import curbs, and domestic demand strength

Why this power T&D player could be a re-rating candidate

Robust order book and better visibility across core and non-core verticals

Inox India: Will the stock take note of strong levers for earnings growth?

The company now has a better cost structure and improved business visibility

Ellenbarrie Industrial Gases IPO: Can it pump up gains for investors?

The flotation comes at a time when the company is ramping up capacity and aiming for national expansion

Oswal Pumps taps solar opportunity with IPO-backed expansion

Through its Rs 890 crore issue, OPL will deploy Rs 360 crore to scale up its solar pump production from 2 lakh to 5 lakh units annually

Ion Exchange: Why you should look at this company despite disappointments in FY25

A strong order book, global chemical opportunities, and prudent cost management offer earnings visibility

Cummins rides on global tailwinds despite Q4 blip

The company has enough headroom to scale up operations without additional capex

Va Tech WABAG: Strong execution, financial turnaround power growth

With a net cash position, improved profitability, and a strong order book, WABAG is now well-positioned to deliver healthy growth

Aegis Vopak banks on LPG boom, capex push for growth, should you subscribe to its IPO?

Based on fiscal 2024 numbers, the issue at the upper end of the price band is valued at 65 times its EV/EBITDA and 41 times EV/sales

Coal India: A sequential rise in volume off-take in Q4 in an overall challenging year

Recent price increases, expected production growth, and other factors augur well for the current fiscal