Though the value creation will be curtailed, 30% fall in stock price over past 3 months offers comfort on valuations. Hence, we retain ‘add’ rating on the stock with revised target price of Rs 116 (15x FY20E).
Future Lifestyle Fashion’s (FLFL) Q2FY19 Ebitda (adjusted for start-up expenses of Rs 15mn in Lee Cooper Footwear) increased 18% y-o-y to Rs 1.23bn led by strong growth in high-margin power brands and better operating lever
Solar Industries (SOIL) reported an in-line print. Consolidated revenues grew 28% YoY to `5.21bn. Standalone revenues increased 42% YoY, while translation loss in overseas subsidiary lead to subdued growth.
TCS reported an in-line Q2FY19 with revenue growth in constant currency (CC) terms being 3.7% quarter-on-quarter (I-Sec: 4% quarter-on-quarter) and EBIT margin expanding by 150 basis points quarter-on-quarter to 26.5% (I-Sec:
Reliance Industries’ (RIL’s) stock price is up 17% from lows in end-May’18 whereas Reuters’ Singapore gross refining margin (GRM) has plunged by 25% from May’18 level hit by both demand and supply factors.
Crompton Consumer (Crompton) has corrected 20% since January 2018 driven by two successive quarters of lower than expectations results. From an FY19-FY20 perspective, there are multiple positive levers available to the compan
Domestic Revenue per passenger (pax) declined by 9.4% Y-Y while International revenue per pax increased by 5.6% Y-Y in Q4FY18. Overall consolidated fares declined by 1.1% Y-Y to Rs 6,849 per pax. While increase in fuel costs
We recently hosted S Mahesh Anand – vice president, the Indian Paint Association and president of Decorative Business, Nippon Paint (India) – for a discussion on the trends in the Indian paints industry.