US revenues grew 4.4% QoQ in constant currency terms with pick-up in injectables portfolio.
We believe that a potential turnaround here will require huge macro tailwinds and improvement in execution (just relaunched Darling brand…
Q2FY20 standalone and consolidated EPS is down 83-93% YoY hit by inventory loss of Rs 11.8 bn compared to a…
CIL is looking to introduce VRS to reduce manpower expenses, especially in the underground mines which contribute 13% to the…
After a lull in launch activity in H1FY20, Oberoi Realty (OBER) has a number of launches lined up to coincide…
The stock is currently trading at 6.9x FY21e earnings, which we believe, is an attractive valuation considering the improving mix…
Multiplier effect of tax cut likely to be felt in the medium term; Sept’20 NIFTY50 target up 8%.
We expect revenue growth to accelerate sequentially to 1.2% QoQ in USD terms (~1.5% in CC terms) vs 0.8% in…
EBITDA margin may expand led by increasing share of high margin private labels and beauty portfolio and better cost efficiencies.
The tax rate cut announced points at big bang reforms; privatisation of BPCL would help make up for fall in…
Given expensive valuations and margin pressures, ‘Sell’ maintained with TP of Rs 497
Valuations and risks: We cut our EPS estimates by 3-4% and maintain our ‘hold’ rating on the stock with a…
This divestment will be a step in that direction. We also expect the Zambian subsidiary’s divestment to be closed in…
Attacks on 14-Sep’19 at Abqaiq and Khurais plants, which have capacity to process 7m b/d of crude, led to temporary…
Dealers across most regions suggest companies are attempting a Rs 10-15/bag hike from mid-Sep’19 (Rs 40-50/bag in AP) mainly to…
The company has demonstrated very effective cost control with 250bps margin expansion in FY19 and our estimates assume additional benefit…
Management has maintained its guidance of mid-teen revenue growth, which would be largely driven by volumes.
Management expects pricing pressure in core businesses to continue in the near term led especially by capacity overhang.
