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.
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.
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.
The jump in realisations during the quarter was mainly on account of a freight rate hike and an upward revision in service charges
Increase in crude oil and a weaker rupee will continue to have a bearing on natural gas prices and keep a check on margin over the next few quarters
The M&A transaction can be EPS accretive provided there is higher private equity or third party participation.
Although the company has reported a pick-up in volume growth in the past three quarters, the management remains cautious as demand is yet to witness a broad-based recovery and competitive intensity continues to remain elevated
Consistent positive macro data from the US and Federal Reserve’s hawkish stance has been instrumental in reversal of portfolio flows from China and other emerging markets to the US
We continue to prefer Apex Frozen Foods from a business perspective, but volume growth is likely to see some stagnation this fiscal on account of lower domestic production and shrimp disease
While various nations have indicated their intention to increase production, how much of it would flow back and what would be the timeline is something to watch out for. This would define the contours of crude oil prices in coming months
The buyback route is being seen as a tool to meet the year’s divestment target by the government.
We continue to prefer Heidelberg Cement from the midcap cement pack as the company has strong positioning in the central market and a superior margin profile compared to peers
Auto majors hit a speed bump in the month of September 2018 and posted a mixed bag on numbers on the back multiple factors such as delayed festive season, floods in Kerala and increasing cost of total ownership on the back to rising interest rate, fuel prices and insurance cost.
Improving end-market demand and supply cuts, due to plant closures in China and Europe, have led to a sharp improvement in caustic soda prices
We expect erratic monsoon to have an impact on the Kharif output in Western and Southern states. However, with good reservoir levels we expect a healthy Rabi sowing in months to come.
Recent Q1 results have highlighted few chemical stock picks which look interesting on account of improving fundamentals
The company is focusing on bolstering its sales and distribution network in southern and eastern markets where the per capita consumption of liquor is relatively higher than other parts of India
Retail remains a promising industry in the Indian context, given the large consumer base throughout the country.
Globally, carbonated drink majors are shifting towards healthier drink options after having experienced stagnancy in the carbonated drinks segment
Macro factors such as favourable demand – supply dynamics along with micro factors like margin improvement to aid TNPL’s future profitability.
Although there has been a substantial correction in stock prices, we approach the current year with caution given the increasing global uncertainty, rising crude oil prices, growing agitation against higher petrol and diesel prices in domestic markets and government’s unwillingness to reduce taxes on fuel
Sustainability of asset growth can’t be taken for granted. The steep hike in funding cost would impact interest margin as the entire hike may not be passed on to end-customers.
An oligopolistic nature of the market, higher consumer discretionary spending, wider reach of organised retailers and increased awareness towards health/hygiene should benefit leisurewear companies in the long run.
Demand from telecom, within the industrial segment, continues to be a spot of bother. What is eating into the profitability of battery manufacturers is higher lead and sulphuric acid prices