The Nifty ended 2019 on a strong note as it gained 12% to close near 12,150 zones, while the Sensex…
Our interactions with leading industry channel partners indicate positive demand trends in PVs but weakness in 2Ws, CVs and tractors.
The acquisition has been made for more than 25% of the voting rights; therefore, an open offer for purchase of…
Century– rebranding & revamping of assets to improve margins: The company has already started to turn around its recently acquired…
FY15-19 was utilised for capex (Rs 118.7 bn; mainly for acquisitions of IPRs) and business takeovers (Rs 72.5 bn), leading…
The stock is trading at 5.0x FY21E consolidated EPS of Rs 27.3. We value the company at 8x FY21 standalone…
Removal of demerger overhang a positive; RoE expected to rise to 16.2% by CY22e; ‘Buy’ retained with TP of Rs…
With the bank appearing set to expand market share in chosen business segments, we visited its regional office and one…
The company remains focused on debt reduction. W
TTCH currently operates a capacity of 2.5MMT of natural soda ash in North America.
With the demand environment showing signs of stability and inventory under control, the BS6 transition is likely to be less…
Slippages likely to subside from FY21 onwards; RoE/RoA estimated at 14/1.3% by FY21; ‘Buy’ retained with TP at Rs 825
According to our oil & gas sector analyst, the glut in global gas supply is likely to continue, given increasing…
Indian pharmaceutical market’s (IPM) growth recovered impressively to 14.5% YoY in November from 5.1% YoY in the previous month.
Demand environment showing no signs of improvement. It is similar to the last quarter with no major improvement or deterioration.
Prospects very bright in the medium term given reasonable valuations and potential jump in RoCE; ‘Buy’ maintained.
With an investment of USD160m via Stelis, STR has built a fully integrated bio-pharma business with products nearing the filing…
Despite the economic slowdown and the general elections, L&T’s core E&C domestic business has witnessed growth of 16% in 1HFY20.…
