Analyst's View

Earnings upgrade at risk without a revenue revival, say analysts

Except KPIT, which is continuing to benefit from tailwinds in the automotive sector and strategic partnerships with OEMs, most E&RD players saw either flat or declining margins on a sequential basis

As of Jan 2024, the price-to-book valuation for the Nifty50 index, according to HDFC Securities Institutional Research, was 114 per cent of the average historical valuation, indicating expensiveness.

Billionaire Gautam Adani's sprawling conglomerate is core to India's ambitions to become the world's third-largest economy by 2030, as it plays a key role across the infrastructure sector, US-based Cantor Fitzgerald & Co said in a note. Adani Enterprises Ltd, the group's flagship company, can deliver a gain of more than 50 per cent, analysts Brett Knoblauch and Thomas Shinske wrote in a note dated January 28, initiating coverage of the company. "India is now the most populous country in the world and has ambitions to be the world's third-largest economy by 2030. To get there, India needs to invest in both digital and physical infrastructure, in addition to increasing its energy production, as energy consumption will be meaningfully higher," the US-based broker said. These investments, it said, are paramount for India to drive productivity growth, as GDP per capita of USD 2,250 is meaningfully below that of China (USD 12,556). "Adani Enterprises Ltd is at the core of everything ...

Brokerages have retained 'Buy' rating on Tata Motors post the recent JLR investor day meet.

Stock markets may face volatility in a holiday-shortened week ahead amid monthly derivatives expiry, besides global factors and foreign fund trading activity would continue to dictate terms, analysts said. Factors such as movement of global oil benchmark Brent crude and the rupee would also guide the trend in equities. Markets would remain closed on Thursday for Ram Navami. "While volatility may increase locally before the March Futures and Options (F&O) expiry, the position of major international banks will continue to play a significant role in the direction of the market globally. "The market will also keep an eye on the geopolitical situation because there is still tension between Russia and Ukraine and there is also some tension developing between the US and Syria. But, the market is not paying much attention to this. Due to FIIs' aggressive selling in recent months, the institutional flow will also be crucial," said Santosh Meena, Head of Research, Swastika Investmart ...

Profit growth while sequentially strong, may fall nearly 10 per cent from a year ago, due to fuel export taxes

Analysts expect the Indian equity markets to consolidate over the next few months, as they fully digest the negatives of rich valuations, rising interest rates amid growth headwinds.

On the earnings front, big names like ITC, M&M, Dabur, Titan and Interglobe Aviation, along with several others, will declare quarterly results this week

Tata Steel has been closing and selling plants in the UK since the 2008 financial crisis to make its business there more profitable

The global market for ayurvedic medicines is an estimated $100 billion and this is to grow to $115 billion by 2020

In Piyush Goyal, aluminium makers have found a mines minister with a clear vision of where he wants to see India's largest non-ferrous metal industry in the next decade & beyond

The industry has outstanding bank loans of around Rs 3 lakh crore, making it one of the largest contributors to the country's NPAs

ITA spokesperson Azam Monem says the industry is being worn down by production costs rising at a faster pace than beverage prices

JSW Steel's plan to build a 10-mt mill in Odisha includes a 280-km slurry pipeline from mines at Barbil to transfer beneficiated iron ore to Paradip for making pellets

In February, New Delhi had brought 173 steel products under MIP with prices ranging from $341 to $752 a tonne for a period of six months

"If we play our cards well, we stand a good chance to export good volumes of steel for use in the about-to-be-launched infrastructure projects in Iran."

Naming directly Anglo-Australian mining groups Rio Tinto and BHP Billiton and Brazilian Vale for unsettling the Chinese ore market, chinese miners has urged Beijing to initiate an "anti-dumping investigation"

Concern over capacity surplus is finding growing resonance at all places, including Beijing, which is blamed for world steel crisis

Increasingly, big imports of stainless steel flat products, particularly from China, have left much of the domestic industry capacity idle