September 24, 2018 09:09 AM IST
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
September 22, 2018 08:56 AM IST
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.
September 21, 2018 09:03 PM IST
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.
September 21, 2018 05:47 PM IST
By virtue of the deal, Amazon’s long-unfulfilled goal of tapping the Indian food and grocery market at a big scale has fructified.
September 21, 2018 01:29 PM IST
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
September 20, 2018 09:11 AM IST
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
September 19, 2018 05:01 PM IST
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.
September 19, 2018 04:39 PM IST
We expect margin to see a slight improvement due to product launches in coming quarters
September 19, 2018 01:42 PM IST
We don’t see a depreciating rupee against the dollar derailing the equity market.
September 19, 2018 01:15 PM IST
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
September 18, 2018 05:52 PM IST
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.
September 18, 2018 03:57 PM IST
Sundaram Finance is a safe bet considering its long demonstrated track record of stable and profitable growth across business and interest rate cycles
September 17, 2018 02:03 PM IST
The recent acquisition of Parador will further expand its product and geographic footprint and position it as an integrated building solutions provider.
September 17, 2018 01:00 PM IST
Globally, carbonated drink majors are shifting towards healthier drink options after having experienced stagnancy in the carbonated drinks segment
September 17, 2018 12:51 PM IST
Recent correction in the stock has made valuations attractive for the long term
September 14, 2018 02:04 PM IST
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.
September 11, 2018 05:36 PM IST
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
September 11, 2018 05:18 PM IST
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.
September 11, 2018 01:28 PM IST
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.
September 10, 2018 04:50 PM IST
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.
September 10, 2018 01:14 PM IST
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
September 07, 2018 02:50 PM IST
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.
September 06, 2018 04:48 PM IST
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
September 06, 2018 03:57 PM IST
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
September 06, 2018 02:56 PM IST
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
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