While fundamentals are improving, the stock may remain under pressure as a result of the government’s planned divestment
The current monsoon strength seems to be covering up for the scanty and scattered pattern till now and a lag effect might be observed in Q2 FY19
Potential change in duty protection regime can be a dampener for the IG Petrochem and Thirumalai Chemicals
With marquee clients in its kitty, huge industry opportunities, focus on high margin products, plans for launching electric buses, strong performances from subsidiaries and joint ventures, and robust financials, the company beckons investor attention
The management has stepped up its investments in IT infrastructure. It has completed more than 200 IT projects in the past 2 years to bring in business efficiencies across departments.
We would like to highlight the management's penchant for innovation and hunger for growth, strong return ratios and prudent financial risk management
To play safe, institutional and retail investors preferred large caps with a promising profitability potential and robust fundamentals, whereas mid and small caps bore the brunt of selling pressures.
Sterlite Technologies is currently trading at 21 times its FY20 estimated earnings, which is reasonable in the light of its growth prospects
The deal gives the company a head start in the high growth and relatively less crowded plastic piping segment
Although the stock appears expensive at current levels, long term investors should buy this stock on dips as it has multiple levers in place to drive growth ahead
We view Q1 FY19 as a continuation of the well-charted out strategy of building a solid business with a focus on high yielding/good quality assets, backed by retail focused low cost liability.
While the payout limits the downside, rupee depreciation in a volatile global environment could act as a tailwind. Investors should use dips to accumulate TCS as a core holding in the large cap IT space.
Recent weakness in the stock prices of Indian airlines on the back overall market volatility and rising ATF prices is providing an opportunity to board fundamentally strong business for the long term
Within the power sector, we are more constructive about state-run utilities such as NTPC, which has a stable cash flow stream, capacity addition and low regulatory risk
Notwithstanding a few temporary blips, we remain bullish on Titan’s ability to maintain its premium valuation
Valuation appears to be reasonable after the stock correction
With majority of the capital expenditure behind it, improving free cash flows will help it de-leverage the balance sheet and and push return ratios into double-digits
At 6 times FY19 estimated earnings, GMDC remains one of our attractive picks in the mining space
Besides gaining market presence, the deal should help ACC gain economies of scale
The markets are factoring in the value from the retail division of Reliance Industries in the latter’s price.
The weighted average increase in minimum support price (MSP) is around 13 percent compared to an average 4 percent over the last four years.
FY18 turned out to be an exceptional year for shrimp exporters as the companies benefited from slight pick-up in realisations as well as benign raw material prices.
While the category itself undergoes a change, even the existing business of GSK Consumer holds value for other FMCG players and there is a scope for operational synergies
The Securities and Exchange Board of India has placed 109 stocks under surveillance and included companies that are undergoing insolvency proceedings causing a lot of panic and speculation among investors.
IDBI is not a lone case, there are about a dozen more banks whose capital position is precarious and they wouldn’t be in a position to raise capital from the market. The moot question remains, how many will LIC bail out?