Visaka Industries posted a jump of 37% in revenue for Q1FY23 on a year-on-year basis as positive market momentum in the rural economy translated into healthy volume growth in the core business. MC Pro suggests long-term investors to keep the stock on the radar as the current valuations offer significant scope for further multiple expansion in the medium term. Here’s why
This retail stock gained 29%, outpacing Nifty’s 14% upmove since MC Pro’s recommendation three months ago. We remain positive and advise investors to add the stock in the portfolio. While EBIDTA margins improved strongly to 18.4% in Q1FY23, operating leverage, owing to strong topline growth, led to margin improvement. Watch the video to find out the stock.
LG Balakrishnan, operating in a niche segment of auto ancillary industry, has a strong brand, long-term relationship with clients, and strong financials. With leadership position in domestic market coupled with positive industry outlook and reasonable valuations, MC Pro suggests investors to buy the stock. Watch the video for more.
MC Pro continues to be bullish on the movie exhibition sector and raised its FY24 revenue & EPS estimates for PVR by 5.8 percent and 9 percent, respectively. PVR's share price has corrected 13 percent from the 52-week high this month. Is this the right time to buy? Watch the know to find out
Apex Frozen Foods reported a promising set of numbers in Q1FY23. The business is making good progress as supply chain bottlenecks seem to be easing and volumes are also improving. The stock has seen a sharp upmove of around 30 percent in recent weeks. Are the current valuations reasonable from a long-term perspective, or should you wait for some correction before buying the stock? Watch the video to find out
Divi’s Labs reported a weak performance on the margins front in its latest quarterly result with EBITDA margins contracting by 630 bps QoQ. However, MC Pro expects part mean reversion in the coming months as prices of solvents and basic chemicals have moderated. Here’s why we think you should buy the stock during weak phases of market
Page Industries reported record sales and net profit in the last quarter despite a steep increase in cotton as well as fuel prices. As the management aims to gain market share by aggressively enhancing the distribution presence and filling product gaps, MC Pro recommends buying the stock.
IHCL looks poised to deliver 33 percent EBIDTA margins by 2025. At CMP, the stock is trading at EV/EBIDTA of about 20 times its FY24 estimates. Given the hotel sector upcycle, earnings estimate as well as the valuation multiples can re-rate. Here's why
This automotive giant’s Q1FY23 performance was in-line, driven by auto segment that arrested the weakness in tractor business. Its order bookings and demand continue to be buoyant from the medium-long term perspective. This, coupled with the company’s strong leadership in farm equipment makes it a candidate for the long-term. Watch the video to know which stock this is and if you should invest for the long haul
Post the pandemic, JK Paper has emerged stronger, displaying resilience during downtrends and bounce-back during recovery. Despite the recent spike in major input costs, the company delivered an all-around performance in Q1FY23. Can JK Paper sustain the strong earnings trajectory from hereon? Watch the video to find out.
VIP Industries has a strong balance sheet, and MC Pro expects a healthy earnings CAGR for the next few years. The valuation still seems to be at a discount to most other consumption categories. Does the stock offer good potential and is VIP a strong play to ride the sector tailwinds? Watch the video to find out
Sensex tanked more than 1,000 points to close at 54,303 and Nifty ended at 16,202. All sectoral and broader indices came under pressure with Nifty Bank, IT, Financial Services ending up as the biggest losers.
Benchmark indices ended the session on a positive note with the Sensex gaining 437 points, and the Nifty adding 105 points. Reliance surged over three percent to close at one-month high. The midcap index ended flat while the small-cap index closed with gains of half a percent.
Coming up on markets with #SantoAndCJ at 3 PM | #ICYMI What early 2000s can tell you about bear market rallies? Also, Santo & CJ’s take on DLF, 3M India, Atul Auto, Sudarshan Chemicals and Granules India.
The OPEC+ meeting on June 2 will be watched out for. Manisha Gupta brings you the details.
Nifty 50 closed above the 20 DMA on Friday and is likely to cross the 16,400 level. Also, know why Santo and CJ are tracking M&M, JSW Steel, Tata Power, TNS Clothing, and Nykaa.
Benchmark indices ended higher for the second consecutive day on May 27. At close, the Sensex was up 632.13 points or 1.17% at 54,884.66, and the Nifty was up 182.30 points or 1.13% at 16,352.50. Here’s the round-up of all the day’s action with Yatin Mota.
Aditya Birla Fashion and Retail posted a decent March 2022 quarter performance. The company will scale up its core brand business and is targeting multi-fold growth in new businesses of innerwear and ethnic. Watch the video to know why Moneycontrol Pro has a positive stance on the stock.
After seeing a downtrend for three straight days, the Indian equity benchmarks ended higher on May 26 as buying in metal, IT, power, realty and banking stocks supported the market. Here’s a round-up of all the day’s action with Yatin Mota.
India's price monitoring committee will meet and hold discussions on major food products after the government banned wheat exports. As per sources, non-basmati rice exports might also be restricted. Will this lead to a rise in the prices of rice? Manisha Gupta brings you the details
Indian equity benchmark ended lower for the third consecutive day today, pulled down by a selloff in information technology, metal and realty names. At close, the Sensex was down 303.35 points, or 0.56 percent, at 53,749.26, and the Nifty was down 99.40 points, or 0.62 percent, at 16,025.80. Here's a wrap of today's market action with Yatin Mota.
Global sugar prices have gained over 20 percent while sugar prices in India surged nearly 6 percent in the past year. India has now put sugar exports in the restrictive category from June 1 and restricted sugar exports at 100 lakh tonnes. Is the Indian government doing enough to fight food inflation? Let's find out with Manisha Gupta and Karunya Rao.
Markets ended on a negative note today with the Nifty ending below 16,150 points and Sensex falling 236 points. Among sectors, IT, pharma, metal, FMCG, power, and realty indices fell 1 percent each. Meanwhile, Delhivery's stock listed with 10 percent gains.
Indian benchmark indices came off earlier highs and ended on a negative note after traders booked profits during the last hour of trade. JSW Steel, Tata Steel, NMDC were among top losers on announcement of increased export duty by the government. #bajargupshup #marketswithmc