Voltas/Blue Star has partly corrected in a weak market on fear of rise in compressor import duty. Branded AC players…
Tata has signed an agreement to acquire Usha Martin’s steel business for a cash consideration of Rs 4,300-4,700 crore.
The recent macro developments impact the sector’s earnings and valuations negatively. We adjust our EPS and PEs to reflect this…
Every five years CERC evaluates and finalises projects returns for regulated generation and transmission companies. FY20E-24E is the next five-year…
Form 483 with 6 observations for the Halol facility highlights risks in the business; ‘Hold’ maintained.
India focus for pharma companies has increased with US challenges sustaining. Scale is important in India and we expect large…
Spreads should improve q-o-q, but sharp increase seems unlikely; FY19-20e EPS cut 1-2%; TP revised to Rs 590 from Rs…
A good long-term portfolio holding that will offer steady returns; ‘Buy’ retained.
M&A activity in the sector should continue, as better macros and share gains from unorganised players keep the growth trajectory…
Pricing and costs are stable with no incremental noise bytes from CERC on pricing. We believe IEX is in a…
Management highlighted that the mix of home loans has increased from 27% in Q1FY18 to 51% in Q1FY19. In addition,…
The floods would lead to some recovery delays and losses for the banks, typically in agriculture loans, MSME priority sector…
MMYT’s Q1 results again highlighted its near-term trade-off between growth and profitability as slight beat in net revenue came at…
Sun’s Q1 results were ahead of expectation led by improvement in US ex Taro and lower R&D. Gross Margins though…
TITAN’s Q1FY19 revenue (up 8.2% y-o-y) came slightly below while Ebitda (up 27.4% y-o-y) and PAT (up 27.3% y-o-y) were…
While Ebitda margin expansion will slow down, CY18-20e EPS raised by 7% given 1HCY18 margin growth; TP up to Rs…
ICICI bank’s core PPOP was 6%+ below JEFe (higher OpEx) offset by better credit costs. Fresh NPLs came mostly from…
Strides Arcolab has reported inline results. US business improved q-o-q which was the key positive, though Australia was weaker due…
