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    Q1fy24

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    • Weekly Tactical Pick: Why have we picked this engineering company?

      Engineers India looks promising, given the strong recent order inflows, attractive valuations, and the possibilities of a rerating.

    • GRSE: Strong orders, improving execution to support earnings-led recovery

      In fiscal 2023, the company’s revenue grew by 46%. In fiscal 2024, it is expected to be even better. In fact, in the first quarter of FY24 itself, the company has reported a good 30.4% growth.

    • Both turnaround, growth from emerging businesses to drive this stock

      Tata Power’s ongoing growth capex, strong focus on green energy and efforts to improve its traditional business hold promise.

    • Cochin Shipyard: Expect some moderation as valuations enter premium zone

      Earnings are expected to get a boost with the expected spurt in revenue and improvement in margins.

    • Mazagon Dock Shipbuilders: Market putting too much optimism in the price

      Given the sharp run-up in the share price, slow execution, historic high valuations, and delays in fresh orders, investors should be cautious and wait for better entry points

    • IPO Watch: Rishabh Instruments — Should investors hop on to the global manufacturing theme?

      The flotation of the engineering company is expensively valued and domestic performance will be key to re-rating

    • KIMS: A guidebook for investors after the stellar stock run

      KIMS is well-positioned to seize the growing demand for healthcare facilities in the country. Timely execution and ramp-up of new projects will be key.

    • Va Tech Wabag: Higher execution in the coming months to support earnings and stock

      Robust order book, reduced debt, and better profitability augur well for the water company

    • Q1FY24 Earnings: Corporate India posts a sizzling show riding on domestic revival

      The momentum is likely to continue with the festive season ahead but inflation and weak global re-covery may play spoilsport

    • Global Health: Ramp-up in new hospitals to support earnings growth

      Medanta is cementing its footprint in north India. Its aggressive expansion plans reflect the growing demand and the opportunities for high-end healthcare facilities in the country

    • KEC International: All-round improvement to support earnings, stock

      With higher scale, strong orders in hand, order pipeline and improvement in margins, the earnings trajectory remains strong

    • Apollo Hospital: Profitability of non-hospital businesses remains a key concern

      A credible profitability roadmap for pharmacy is the ask. Although AHEL has the potential to leverage its presence across the entire spectrum of hospitals, pharmacy, and diagnostics, we remain cautious

    • Nykaa Q1 revenue up 24% YoY led by beauty category, in-line with estimates

      Nykaa's results come at a time when it has been hit by a slew of top-level exits. Since April, six senior executives, including company's chief marketing officer, Shalini Raghavan, among others, have quit the company

    • PI Industries: Solid execution despite sectoral woes

      The company, with superior execution and a solid business model, is on track to achieve its long-term strategic objectives

    • IdeaForge Technology: Pricing in too much optimism

      Growth levers are in place and the company is moving towards a higher scale

    • Soft summer season hits healthcare service providers

      Fortis and Max Institute reported subdued sequential revenue growth in the June 2023 quarter

    • Cummins India: Slow growth in export market hurts sentiment

      The company expects margins to improve on the back of cost reduction and investments in new products and technologies

    • Max Healthcare: We are trimming our optimism

      Expansion plan supports growth momentum. However, valuations have turned quite high

    • Power Grid Corporation of India: Tweaking strategy to grow fast

      Higher capex and other measures to help tap new opportunities

    • NTPC: Focus on renewables to cheer shareholders in the long run

      The company has the experience and expertise in executing renewable projects. Plus, because of the low cost of capital borrowing, at around 6-6.5 percent, it has a huge advantage in the long run

    • Cost of funds of NBFCs climbs by up to 22 bps in April-June quarter

      Going forward, analysts expect up to 50-80 bps on-year increase in the cost of funds across companies.

    • Blue Star Q1 net profit rises 12% to Rs 83.4 crore

      Revenue from the electro-mechanical projects and commercial air conditioning systems segment grew 19.12 per cent to Rs 949.12 crore in the latest June quarter.

    • What record plant availability at NTPC tells us about Indian power sector

      Thermal power plant availability improved as electricity demand softened in June 2023 quarter

    • UPL: Near-term outlook clouded

      Improvement in industry dynamics and continued efforts to reduce debt level will be key to growth

    • Why Dr Lal PathLabs’ fat profit margins are bringing no cheer

      Business volumes lagged expectations as patient footfalls are largely unchanged in Q1 FY24 from year ago period

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