Zee’s FY17 annual report highlights weak earnings to cash flow conversion of 79% with increase in cash conversion cycle to…
Following our interaction with Tech Mahindra (TECHM) management, we see the start of FY18 marred with challenges as revenue headwinds…
Highway ban to impact demand in FY18; ‘Neutral’ rating maintained owing to limited 8% upside; long-term potential is intact.
No change in forecasts; current valuations are fair for a business with 20% RoEs; earnings CAGR is pegged at 16%.
May 2017 saw price correction across majority of the markets from the highs of April, due to demand weakness and…
We believe yields for airlines (IndiGo and SpiceJet) would improve q-o-q in Q1FY18. In Q4FY17, airlines’ fares faced downward pressure…
Avenue Supermarts (DMART) owns and operates an emerging national supermarket chain, ‘D-MART’. Focused on value retailing, it offers a wide…
All-India cement prices witnessed some decline in May-17 from the highs of April-17 due to demand slackness and the government’s…
Kwid volumes stood at only 7k units in May-17, down from an average of 9.1k units in FY17. On the…
Accelerated data network expansion by Bharti and RJio should keep gross tenancy additions healthy. Net additions might be moderated by…
Incremental benefits from transmission, trading, and petrochemicals are limited; return ratios likely to be under stress due to capex on…
Thermax’s (TMX) operating performance in Q4FY17 at standalone level was ahead of expectations.
INFOE’s Q4FY17 revenue grew 8.0% y-o-y to Rs 2.08 bn, ahead of our estimate of Rs 2 bn, led by…
Piramal Enterprises (PIEL) has carved a niche for itself in wholesale lending, and is now one of the dominant players…
In a quarter marred by uncertainty over the MFI portfolio, Equitas’ PAT fell 85% y-o-y/q-o-q to Rs 69m (~82% miss).
Higher realisations see net revenue go up 20% y-o-y; prospects are good on account of a host of factors.
Media reports suggest that state-owned Arasu Cable has been granted a provisional digital MSO license by the ministry of information…
Coupled with strong fee income performance (+29/13% y-o-y/ q-o-q) and controlled opex (+27% y-o-y), IIB reported impressive core PpoP growth…
