Jul 01, 2021 04:40 PM IST
The fortunes of Subros are directly linked to the growth of the passenger vehicle industry. Though the first quarter of FY22 is expected to be impacted by the second wave of COVID, the outlook for the remaining fiscal seems encouraging. The company management has indicated that the demand is expected to pick up post-easing of lockdown restrictions in various states. At the current valuation of 17.9 times FY23 projected earnings, the stock looks attractive.
- Jun 02, 2021 08:47 PM IST
In Q4, ITC saw recovery in almost all segments. However, with the second wave of Covid, we expect some impact on the performance of cigarettes, discretionary FMCG portfolio as well as hotels and paper divisions. Better traction in health, hygiene and essential food portfolio could offset some of the decline. Post Covid, we expect segments like Hotel, paper and packaging to witness growth with healthy profitability. Going forward, the concern remains whether ITC will be able to maintain and increase its market share in the cigarette business in the face of competition and cheaper imports. Based on the FY22E and FY23E earnings, ITC is trading at a P/E multiple of 17x and 16x, respectively. Despite its huge discount to the FMCG universe, ethical considerations have prompted some long-only investors to avoid ITC. For domestic retail investors the valuation coupled with healthy payouts are big draws.
- May 31, 2021 10:14 PM IST
India's economy recorded a growth of 1.6 percent in the fourth quarter indicating that the economy was in a revival mode before the second wave of the COVID struck the country.
- May 31, 2021 06:21 PM IST
The sector had reported a massive contraction of 47.6 percent in the first quarter. I
- May 06, 2021 05:11 PM IST
Adani Ports & SEZ saw strong recovery in volumes led by acquisition and economic recovery. There was a sharp improvement in the margins as a result of higher scale. While recent acquisitions are likely to support the company’s growth in the coming months, we believe the stock trades at a higher valuation, leaving little scope for appreciation.
- Apr 30, 2021 01:42 PM IST
India's biggest conglomerate by market-cap will announce its quarterly results today
- Feb 12, 2021 10:12 PM IST
Shipments of 5G smartphones are expected to grow tenfold to more than 30 million, even though the 5G network will not be available until late 2022 or early 2023.
- Jan 13, 2021 01:52 PM IST
Over 80% of the new launches are in the sub Rs 1 crore category
- Jul 25, 2020 01:55 PM IST
Total income was down 4.06 percent to Rs 1,991.74 crore during the said quarter as against Rs 2,076.06 crore a year ago.
- Jul 07, 2020 09:55 AM IST
Strong show in Q4, but substantial exposure to various geographies and anomalies related to weather, trade and exchange rates amid the current health turmoil pose risks to Sharda Cropchem
- Jul 01, 2020 10:47 AM IST
A separation of the gas trading and transmission business could bring in some value unlocking for GAIL.
- Jun 30, 2020 12:40 PM IST
Total income declined to Rs 2,289.43 crore in the three months to March against Rs 2,304.37 crore in the year-ago period, Punjab & Sind Bank said in a regulatory filing.
- Jun 17, 2020 11:20 AM IST
"In view of the nationwide lockdown implemented during the period end-March 2020 and May 2020, the auditors were not able to visit the units to carry out necessary audits in India and Malaysia," Ballarpur Industries said in a regulatory filing.
- May 29, 2020 05:44 PM IST
Agriculture, government spending drove economic growth in the March quarter; manufacturing and construction shrink, consumption growth falls to 2.7%
- May 19, 2020 09:05 PM IST
While the deal pipeline is strong, customer discretionary spends are coming down
- May 05, 2020 10:22 AM IST
- Apr 28, 2020 08:03 AM IST
“Nobody except one country can be held accountable for what happened. Nobody is letting anybody here. We're looking at a group of people that should have stopped it at the source,” Trump said.
- Apr 24, 2020 06:53 PM IST
Net profit for the full year ended March declined 17.7 percent to $88.5 million
- Apr 17, 2020 05:05 PM IST
Most analysts Moneycontrol spoke to pointed out that growth revival in Q3 is a steep ask.
- Apr 14, 2020 08:31 PM IST
NASSCOM estimates the industry growth to be at 7.7 percent for FY20.
- Feb 17, 2020 10:27 AM IST
Analysts say the widening fallout from the epidemic, which is damaging output and tourism, could undermine growth in the current quarter and push Japan into recession - defined as two straight quarters of decline.
- Feb 14, 2020 07:45 AM IST
Bank of Japan Executive Director Eiji Maeda said gross domestic product (GDP) may have suffered a "big contraction" in the final quarter of last year due to sluggish overseas demand and damage to consumption from last year's sales tax hike.
- Jan 31, 2020 08:03 AM IST
Separate data showed retail sales fell for a third straight month in December, adding to worries about consumer spending after a sales tax increase in October.
- Jan 23, 2020 08:05 AM IST
The charge is largely related to a drop in discount rates, the company said, as that leads to an increase in the amount of money to be contributed for future pension benefits.
- Jan 08, 2020 08:42 AM IST
In an earnings guidance statement, it projected operating profits in the October to December period at 7.1 trillion won, down 34.2 percent year-on-year.