Industrial volumes in 4QFY19 were down 6.8% q/q but came 1.6% ahead of JEFe while overall volumes declined 3% q/q…
Standalone domestic business grew by 11.7% y-o-y led by 7% y-o-y volume growth in Q4FY19. Given the backdrop of slowdown…
Maestro/scooters is a worry as initial traction in Destini 125 could fizzle out post initial 6-9 months, as is often…
TVS has gained 3% market share in scooters in FY19 as both Jupiter and Ntorq have done well relative to…
DAM+TAM (short-term market) accounts for ~85% of IEX’s revenues.
With stressed asset resolutions taking time, though, the initial stages of a sweeping reset may well be disruptive, especially if…
New business for Q4 grew 15% yoy, driven by ULIP (+21%) and protection (+176%). Par-savings business was down 19% yoy,…
Agri NPLs will be key going forward; EPS down 7% owing to moderation in fee income and higher provisions; ‘Buy’…
Growth outlook remains positive; estimates cut to reflect lower margin over FY20-21; TP revised to `835; ‘Buy’ maintained.
For ICICIGI, overall float (assets to net premium) increases from 2.5x to 2.9x over FY19-21e, and even after passing part…
Tractor mix would fall, likely offset by a higher mix of pre-owned vehicles. Stronger pricing power in rural markets should…
Sharp store expansion by retailers should keep overall growth strong but margins will likely come under pressure due to deteriorating…
On back of sharp store expansion, gross debt for Reliance Retail has risen to `124 bn in March 2019 from…
However, we believe any move contrary to having a leaner B/S from now on can lead to a sustained de-rating.
Info Edge management reiterated strong growth momentum across key businesses, as demonstrated by recent results.
FNXC launched new products in 2016, whose revenue is < 5% of overall sales.
Hero has multiple growth headwinds in our view: (i) entry motorcycles will lag industry growth; BS-6 is an additional head…
Since January 2019, there have been media reports of a possible MindTree takeover by L&T InfoTech. However, according to recent…
