The government has also started work on reviving closed urea manufacturing plants to ramp up production by 2022, in order to reduce imports of fertilizer.
Though valuations of the home textile stocks appear undemanding, investors may consider going long on Himatsingka Seide and Trident given their ability to tackle headwinds better than their peers, good fundamentals, and strong execution competencies.
Given the price uptick for both crude and gas, it should have a positive rub-off on net realizations. ONGC can be bought at current levels, but look for a better entry point for Oil India
Consolidation in the industry is going to play the most important role in shaping the future of the industry.
While Future Retail and V2 Retail may be considered for a medium to long-term investment perspective, accumulation on further corrections is advisable for the rest.
According to market research company IMARC, ENA market in India has been growing at CAGR (2010-17) of 6% with the current production volume capacity at 3 billion litres (2017).
With the impetus on rural economy in an election year and continued focus on infrastructure in select pockets, CV and tractor segments should have a strong run going forward.
The annual output from most major crops is expected to jump up with a substantial increase in sugarcane production, followed by cotton, pulses, course cereals, and rice and food grains.
The IT sector, which has been struggling to find its footing seems to be getting its game plan in place.
Our analysis suggests a strong road ahead for SNL Bearings, Menon Bearings and NRB Bearings. We are relatively less bullish on SKF, Schaeffler and Timken on account of their premium valuation.
Inroads made by organised retailers across India, simplification of logistics, and growing preference for branded innerwear are some of the key tailwinds in the long-run.
In light of recent events in the banking sector, is it time yet to go bottom fishing or should one still exercise caution?
Anti-dumping investigations by the central government for select amine products is also improving earnings growth scenario.
Government’s impetus on developing food processing infrastructure can benefit firms in the long run.
IndiGo performed well on monthly operating parameters and registered 19.6 percent growth in passenger traffic.
Decline in prices of raw material helps tyre companies improve performance.
A contingent liability (CL) is defined as a liability which may or may not arise depending on the outcome of a specific event.
With the impetus on rural economy in an election year and the continued focus on infrastructure in selected pockets, these two segments should have a strong run, going forward. The stronger numbers from two wheeler is an early trend and could get some additional support if the revival of rural economy gathers momentum in the coming months.
After having learnt a hard lesson of prematurely adopting universal banking (one of the primary reasons for the asset quality mess), the model of lending in future is going to change drastically to expertise-driven banking.
The Union Cabinet, in a landmark move for Indian retail, announced some noteworthy changes in norms pertaining to single-brand foreign direct investments (FDI) in India, thereby making it considerably easier for global retailers to gain access to the highly dynamic and fast-growing Indian markets
Cabinet decision expands the universe of bidders for the debt-laden airline. The can make Air India divestment faster, and probably in FY19 itself.
The current market valuation of a 51 percent stake in HPCL stands at roughly Rs 32,000 crore, that too at a time when markets are at an all-time high.
Electricity is fast emerging as the primary choice of fuel in automobiles, instead of petrol and diesel. On the supply side, renewables are replacing conventional thermal-based energy sources.
Government is contemplating replacing power plants over 25 years. With about half of the country's thermal power plants being over 25 years old, the opportunity is huge.
We feel most regulatory headwinds are weakening and the situation has returned to near normal. Good monsoon, rural demand and government’s capex push are the tailwinds that will drive growth in the sector.