The new plants are getting commissioned that should result in increasing revenues and operating leverage. This, coupled with the push towards EV (Electric Vehicles) should result in healthy growth in the topline and gradual increase in margins. MSSL is currently trading at reasonable valuations, which warrants investors’ attention.
MOFS's fee based businesses have scaled up well over the last few year but its overall performance is dragged down by the housing finance subsidiary, Aspire
The performance of business has benefitted from the stabilisation in industrial demand post the introduction of Goods and Services Tax last year.
Macro factors such as favourable demand–supply dynamics and micro factors like increased capacity and operating efficiency will continue to aid JK Paper’s profitability
Recent government initiatives (Dedicated Freight Corridors, Sagarmala and BharatMala) along with GST, e-way bill and change in axle load norms is aiding growth as well as formalisation in the sector.
Heidelberg reported its highest ever EBITDA per tonne of Rs 1,041 in Q2 despite rising cost pressures.
The stock is worth accumulating for the long term given its strong leadership in farm equipment segment (FES), revival in rural growth, a slew of new launches and reasonable valuations
We continue to maintain our positive outlook on the company. However, investors need to watch out for its succession plan
The management outlook on operating margin remains positive. It is also aiming at a price increase of about three percent in Q4. Bulk of its cost saving target (Rs 250 crore) is expected to unfold in the second-half
Strong domestic mutual fund inflows into equities continue to more than offset the lackluster FPI flows in the recent years
Although some hurdles in the operating environment have curbed growth at present, we expect these to stabilise and overall earnings to improve in FY19
We continue to exude confidence in the company on the back of its dominant position in bikes with engine displacement above 250cc and a shift in customer preference towards premium products. The recent correction have made valuations attractive
Input cost pressure is being increasingly absorbed by companies as the demand environment in weakening
In the first half of this fiscal year, FSCS has added Haldirams, Crompton Greaves and Voltbek Home Appliances (JV between Voltas and Turkey-based Arçelik) and JK Helene Curtis (Raymond Group Company) to its list of clientele.
With political uncertainty out of way, market’s focus is back to monetary policy. Federal Reserve’s Nov meeting brings in improving context for a Dec rate hike and so not surprisingly USD and yield are strengthening again.
We remain enthused about the company's branded apparel, advanced materials and engineering businesses given their revenue visibility and ability to perform consistently well
The management said Chinese government’s anti-pollution campaign is stricter in the current year
With a turnaround in sight, investors looking to play the asset recovery and resolution cycle should buy into the stock for the long term
A successful deployment of capital in high margin businesses can improve earnings and trigger a re-rating for the stock
The company has superior operational execution among its peers, which gets reflected through its margin, high return ratios and strong balance sheet
We see a profitable journey for this bank and hence recommend buying into the stock as it has potential to rerate from the current valuation.
Weakening macroeconomic condition marked by rise in crude oil prices, rupee depreciation, rising interest rate regime coupled with regulatory challenge coming from mandatory long-term insurance as well as natural calamity like floods in Kerala had dampened the demand for most of the auto majors in India in September 2018. However, festive season brought cheers to selected pockets in the month of October 2018.
At current valuations of 22 times FY19 estimated earnings, the stock is reasonably valued.
In the near future, JLR is expected to continue to face challenges in various economies, including uncertainty in UK and Europe and change in import duty in China. Huge investment will be required to revamp its aging portfolio and include electric vehicles
Demand for cement has been fairly strong in H1 FY19. However, pricing power remains elusive as industry leaders prefer to chase volumes