Page 25 - Malini Bhupta

United Spirits: FY15-16 earnings downgraded

Diageo seeks to use reserves to retire intra-company debt; cleaning of books may take longer than expected

Earnings upgrade for ONGC likely if subsidy burden dips

Earnings may rise 30% on higher output and lower subsidy burden

FMCG firms continue to see demand slowdown

Better consumer sentiment not translating into sales

Robust subscriber additions continue for incumbent telcos in May

Could push volume growth to 5-7% levels in the coming quarters

Markets can ignore Iraq turmoil if oil stays below $120

CAD to remain below 3% even if crude oil averages $115 a barrel

Voltas: A breath of fresh air in troubled times

AC segment sees good growth; new orders in engineering products to improve margin profile from FY15

Ashok Leyland may cool off after rising 111%

Though CV cycle is set to turn & volume growth is expected to pick up in FY15, current valuations look stretched

Coal India rises 58% in three months on higher FY17 offtake estimates

Miner increases offtake estimates on higher volumes from contract mining; 16 projects get green clearances

People come and tell me India is the only game in town: Ridham Desai

Interview with Head of India Equity Research and India Equity Strategist, Morgan Stanley

SLR cut to push govt to borrow at market rates

Rajan's move holds fiscal consolidation message for the government, targets better credit availability for the private sector

Hero Motocorp: Several triggers for FY15 earnings

Cost-cutting steps to see 300-bp margin expansion by FY17, robust scooter demand to boost volumes

L&T beats estimates on improved efficiency

Stock likely to be upgraded as margins inch up, double-digit revenue & order inflow growth forecast for FY15

Tata Motors: Interest costs drag profit

Stock likely to remain range-bound in coming quarters, as volumes are likely to pick up in second half of FY15

Cement sector re-rated on hopes of infra push

Stocks' target prices raised by 50-100% on better demand outlook

Improving metrics drive Jain Irrigation up 65%

Working capital cycle, receivables seen improving, as demand for drip irrigation picks up

Time to buy IT and pharma stocks

IT sector's trading multiples hit post-Lehman lows, providing good entry points

Market looks for credible road map from new govt

Macro factors will prevent a sharp rise in growth. Strategists recommend banks and energy stocks

Problematic 5 months for EMs

FIIs might sell expensive cyclicals, as EMs tend to correct between May and Sept in US mid-term election years

India business drives Tata Steel's March quarter show

Earnings upgrade likely in FY15 if the firm manages to sustain elevated margins in the domestic business

PNB stuns Street with its NPAs

Analysts question asset quality as slippages triple to Rs 4,200 cr q-o-q