Chinese spreads have stayed high despite rising Chinese output, due to strong demand. Inventories appear to be bottoming out. Moderation…
A host of positives cushion earnings at time of subsidy overhang; inexpensive valuations leave risk-reward favourable.
Demand supply tightness continues, with contracts signed for the next two quarters at higher electrode prices vs Q4 realisation.
Strengthening bancassurance channel for private players and customer preference shift towards ULIPs have led to private players gaining 20% retail…
Oil India’s Q4FY18 net rose 23% q/q to Rs 8.67 billion — 1% ahead of JEFe despite Rs 3.7 billion…
Info Edge’s 4QFY18 revenue was largely in line with our estimate but EBITDA/EBITDA margin were sharply lower on account of…
With raw materials getting costlier, price hikes are likely; Nestle, ITC, and Dabur looking at a turnaround
Risk-reward is favourable given the business model and consistent showing; FY19/20e Ebitda up 2/3%; TP revised to Rs 540 .
STR reported muted Q4 with adj. EPS of Rs 1.9/sh (JEFe: 4.2). Revenues were 17% and margins 300bps below JEFe.…
Fall in asset quality biggest disappointment of quarter; loss forecast in FY19 and FY20e EPS slashed by 40%; TP down…
D-Mart’s Q4FY18 revenue, Ebitda and PAT growth of 22.5% y-o-y, 41.8% and 72.9%, respectively, came in line with our estimates.…
The implied value of the core banking business at CMP is 1x fwd. adj. book based on current market price…
LICHF reported Q4 PAT of Rs 5.4 bn, flat y-o-y, in line with our estimates. AUM was in line, but…
Near-term earnings are expected to remain muted; concerns over long-term margins; stock is fully valued.
ARPU decline expected to continue; both Bharti and Idea likely to report a loss; cautious stance on sector
Q4 results in line with expectations; estimates revised to factor in 7.5-9% CC growth over FY19-21; risk-reward favourable; TP up…
Re-rating in recent months reason to be selective; FLFL, ABFRL and SHOP top picks
ICICI Bank faces allegations of malpractice & conflict of interest involving the CEO. Media reports suggest a preliminary inquiry has…
