This would represent sharp improvement, but our confidence in these estimates is not very strong. There is a credit crunch going on in India among weaker-rated borrowers as flow of credit from challenged lenders has stalled.
Aiming at a GDP of $1 trn, the state is likely to be India’s growth engine for the next half a decade. If the CM’s agenda goes as planned, Maharashtra will account for 20% of India’s GDP in 2025. The state contributes a
The last two years were all about regulatory submissions and manufacturing facility clearance for Biocon’s four key biosimilar assets. The next two years should be all about their monetisation and entry of new products in t
RIL stock has been range-bound year-to-date, but we see the stars aligning for it to break toward our price target as diesel, polyester and retail margins step up to a new normal, telecom subscriber growth sets new benchmarks
2017 was marked by a strong and uptrending market with few factors seeing consistent strong performance. Buying high beta, 12M performance and avoiding high RoE stocks was the most productive approach for the year.
We expect FCL to be India’s fifth-largest FMCG company in revenue terms by FY21. Future Group’s retail ecosystem yields a unique competitive advantage that allows FCL (Future Consumer) to launch innovative products with a