Above estimate; Regulatory change clouds strong operating performance
* Volume growth drives revenues:
AL’s volumes grew ~47% YoY (-28.8% QoQ). Realiza..
Ranking states based on their fiscal performance
Only 10% of states have exhibited improvement over past five years
* We have developed a comprehensive fisca..
No structural impact of increase in axle load on CV demand
Overloading prevalent to the tune of 50-60% in intra-state movement
Pursuant to our update released yeste..
Trade deficit at five-year high of USD16.6b in June 2018
* India’s merchandise trade deficit came in at a five-year high of USD16.6b in June 2018 as agains..
* We expect advertising revenue to grow 17% YoY to INR11.3b. Low base (impacted by GST) coupled with healthy viewership should bode well.
* Subscription re..
* We expect FB to report ~28% YoY (6% QoQ) loan growth, aided by renewed focus on corporate growth. Traction in SME and retail loans would be maintained. We e..
Indian rebar and zinc LME prices decline sharply
* Indian steel: Long product (TMT Mumbai) prices were down ~5% WoW due to seasonal weakness. Sponge iron prices ..
Transforming itself for the better
Credible long-term play, available at reasonable valuations
Key takeaways from Emami’s (HMN) FY18 annual report:
M&HCV axle load proposed to be increased up to 25%
Is it precursor to stricter norms on overloading?
According to media articles, the Indian government is expec..
Finally, all three engines firing in unison
Product actions drive volume recovery in domestic motorcycle market
Strategy revolves around value migration to Entry a..
* We expect Hindustan Unilever’s revenue to grow 15% YoY, with underlying domestic volume growth of 15% in 1QFY19.
* PFAD prices are down 14% YoY (do..
Robust balance sheet growth; NIM under pressure
* DCB Bank reported PPoP growth of 4% YoY – 6% below our estimate due to NII miss of 4% (17bp QoQ contracti..
Accelya Solutions In Q4 net profit up 32.35% at Rs 24.71 cr
US dollar rises after Fed policy meeting
Rupee rises by 12 paise to Rs 69.05 against dollar
Headwinds recede for Tata Motors, but it is not out of the woods just yet
Infosys signs agreement with U.S. IRS; sees lower tax rate
Hubby Nick Jonas gushes over Priyanka Chopras saree look
Brad Pitt Jennifer Anistons backstage moment at SAG Awards
#LeadershipSeries: Interview With Amit Sethiya Head Marketing Syska Group
Buy Gold In The Range Of 39900-39920 SL Below 39800 TGT 40100/40300 - Axis Securities
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