We continue to like the business on the back of its focus on CV exports and foray into high margin alloy wheels segment to drive the next leg of growth
Post the Q1 results, the management has maintained its guidance for a topline of Rs 440-450 crores along with an operational profit of 190-200 crore. We believe there could be some upside risks (3-5%) to this guidance on account of the rupee depreciation.
After taking imports from major Korean importer (Aekyung) into account, one finds that 65 percent of India’s total imports took place without any anti-dumping duty during the period of investigation.
By virtue of the deal, Amazon’s long-unfulfilled goal of tapping the Indian food and grocery market at a big scale has fructified.
After correcting by about 34 percent from its high this year, the stock is currently trading at 10.4 times its estimated earnings for FY20
It would be worth noting that the success of any buyback would only yield results with the commensurate turnaround in the fundamentals of the business
On September 18, market regulator SEBI said companies will have to list their shares on the third day after the successful applicants have been allotted shares. Earlier, companies could do so on the sixth day after allotment.
We expect margin to see a slight improvement due to product launches in coming quarters
We don’t see a depreciating rupee against the dollar derailing the equity market.
IRB Infra promoter purchased 75 lakh units of IRB InvIT as prices hit a low. The fund currently offers a yield of close to 16 percent
Since there are many problematic banks and few with strong balance sheets, it wouldn’t be a surprise to see banks like Canara Bank and State Bank of India being dragged to the altar to take responsibility of distressed banks.
Sundaram Finance is a safe bet considering its long demonstrated track record of stable and profitable growth across business and interest rate cycles
The recent acquisition of Parador will further expand its product and geographic footprint and position it as an integrated building solutions provider.
Globally, carbonated drink majors are shifting towards healthier drink options after having experienced stagnancy in the carbonated drinks segment
Recent correction in the stock has made valuations attractive for the long term
The company is setting up a new board plant with a capacity by 50,000 tons. The same is expected to come on-stream by Q2 FY19. The management expects the new plant to touch full capacity utilisation by FY20.
Although there has been a substantial correction in stock prices, we approach the current year with caution given the increasing global uncertainty, rising crude oil prices, growing agitation against higher petrol and diesel prices in domestic markets and government’s unwillingness to reduce taxes on fuel
While online streaming providers like Netflix and Amazon can change the way patrons watch the movies over a period of time, we don’t see a complete disruption to the theatre operators as both mediums can coexist.
Sustainability of asset growth can’t be taken for granted. The steep hike in funding cost would impact interest margin as the entire hike may not be passed on to end-customers.
An oligopolistic nature of the market, higher consumer discretionary spending, wider reach of organised retailers and increased awareness towards health/hygiene should benefit leisurewear companies in the long run.
Demand from telecom, within the industrial segment, continues to be a spot of bother. What is eating into the profitability of battery manufacturers is higher lead and sulphuric acid prices
While the volumes will continue to grow at a healthy pace due to shorter replacement cycles (reduction in warranty period) and deeper market penetration, the margins will certainly suffer on account of reduction in selling prices.
Finolex Industries will continue to grow at a steady pace for the next couple of years as the management is seeing strong traction in high margin CPVC business, which registered 70 percent volume growth in Q1 FY19
A plethora of factors like trade wars, weather anomalies in the US, inability of nations to boost production have inundated a negative sentiment, leading to the firing up of oil prices
We see a challenging time ahead for housing finance companies, amid rising rates and competition, and remain extremely selective; Buy HDFC and Indiabulls Housing Finance