Bandhan Bank’s scale, experience and history in micro loans, combined with superior return ratios from the general banking business, strong asset quality and more than adequate capital should support premium valuations
While a sharp recovery seems to be a remote possibility, at a current market price of Rs 316, the stock's valuation still seems attractive
We see numerous opportunities for the company such as more organised players in the economy, strong exports, robust industry prospects, its defence strategy and focus on electric vehicles
With the launch of two new brands Cera has expanded its portfolio across multiple segments
Investors need to be mindful of volatility in the midcap space and should capitalise on the weakness
Commercialisation of new molecules is also something to look out for in the long term
Sales realization continues to remain firm and up about ~3 percent QoQ and 15 percent in last six months.
Given the recent outperformance, we advise investors to watch out for dips and gradually accumulate this business which is rightly positioned for the future
Tata Steel is rectifying its capital allocation to tap opportunities in the domestic market and strengthen its competitive edge as competitors gain power
Despite the premium valuation, ICICI Lombard's vantage positioning in the growth sector makes the stock a worthy contender.
At 46.6 times trailing twelve month earnings, the stock seems fully priced, notwithstanding the fact that it is still valued at a discount to the industry average.
We are comforted by the progress in Q1FY19 and the management guidance and feel that the valuation is still undemanding in the context of the long growth journey ahead.
Consumer-facing businesses appear to be the preferred picks of most investors, and retail companies are no exception. Consequently, it isn’t surprising to see such stocks trading at a premium.
Positives for the company from the earnings result includes growth revival in rural areas and improving distribution reach. Company’s key challenge comes from the changing hair oil industry dynamics which includes competition from the low cost manufacturers.
HUL with its high rural exposure (40 percent of sales) and well entrenched distribution network, is amongst the key beneficiaries of further uptick in consumption and related policy announcements, in our view.
While Q1 earnings were subdued, we expect future profitability to improve, albeit gradually, as operating leverage will play out with growth in the business
It is prudent to remain with construction players having balance sheet strength and industry expertise, but have lower return expectations in the interim
BEPL’s strong balance sheet, guidance for better capacity utilisation and promising end markets remain key positives.
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
Stability in senior leadership, well chalked out execution strategy, better demand environment, generous payout and opportunities from a weaker rupee-dollar protects downside for the stock
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