Playing to its strengths
Stronger earnings to come
* Reiterate BUY with Rs3,000 TP based on 24x FY20E PER. Catalysts from continuous strong volume growth in 1Q.
Subdued Operating Show on Cost Pressure
India Cements (ICL) has reported a subdued set of numbers for 4QFY18. Its reported EBITDA declined by ~17% YoY and ~5% QoQ to R..
Supreme Industries Ltd (SIL) reported healthy set of numbers for Q4FY18. While revenue growth of 14.7% YoY was in line with our projections, the co..
One-offs mar performance; Upgrade to HOLD
* Sanghi Industries (SNGI) results got affected by plant shutdown, purchase of clinker, higher freight costs and unavailabili..
Ad revival bodes well; increasing costs pose a challenge, though High opex pulls down PAT: Consol. revenue grew 10% YoY to INR5.7b (1% miss), led by healthy growth in the..
Improvement across the metrics of traffic, collections, growth and margin
Reason for report: Q4FY18 results review and earnings revision
Key highlight of Just Dial..
Strong beat across parameters
* Ramp-up of acquired assets drives volumes: Consol. volumes rose 4% YoY to 3.41mt (est. of 3.5mt), led by ramp-up of Reliance assets. R..
Business: Wonderla is a market leader in a nascent industry, amusement parks in India. It currently operates three amusement parks each in Bangalore, ..
Mixed Performance; India Business to Drive Growth
Alkem Laboratories (Alkem) has reported a mixed performance in 4QFY18, with its revenue growing by 20.9% YoY to Rs15...
High debtor days and weak execution impact performance
Reason for report: Q4FY18 result review and earnings revision
VA Tech Wabag’s consolidated sales decli..
Higher share of protection drives VNB margin
* New Business Premium (NBP) grew by 23.7% yoy to Rs17.1bn in Q4FY18 (+60.5% qoq) (Emkay Est: Rs17.1bn). APE growth was al..
Healthy Performance; Maintain BUY
Aided by strong order book and improved execution, NCC has reported a strong performance in 4QFY18, with its revenue rising by 12% Yo..
BSNL to offer more data, validity under select prepaid plans
India's IOC buys U.S. Light Louisiana Sweet oil via tender
M&S seeks technology savings through Tata tie-up
PwC to fight SEBI audit ban to limit franchise impact
Infosys signs agreement with U.S. IRS; sees lower tax rate
Challenge to turn India`s growth rate to double digits: Narendra Modi
Oil prices, monsoon to drive equity market sentiments (Market Outlook)
Oil prices, foreign fund flows to guide rupee`s movement
Odisha will become the steel hub of India: Steel Minister
UBI bets on resolution of 30 accounts referred to NCLT
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