Diversified products, buys should perk up its performance from CY21
Future Retail has entered into a long-term agreement with Amazon India, which will help expand the reach of the former's retail outlets
Adjusting for a large institutional order in the year-ago quarter, retail growth has been much higher than expectations at 15%
Another trigger for the rally is the expectation of an improvement in the European auto market
Investors should await ad revenue growth revival before tuning in
The company is confident of achieving its revenue growth guidance of 8-10 per cent and operating profit growth guidance of 16-20 per cent for FY20
SpiceJet reported 93 per cent load factor for November, led by a 45 per cent jump in passenger traffic
The valuations of Reliance Retail have been arrived at using both discounted cash flow method as well as market capitalisation of comparable companies in the listed space
Technical textiles unit, however, could face some pressure
While bottoming out of volumes is a positive, the company has also been able to keep its inventory levels under check
Scores over peers on BSVI portfolio, inventory levels and discounts
Sales momentum should help the company double its quarterly cash flows from the residential business over the next two quarters, as compared to the run rate it was achieving in the past
Increase in debt in September quarter is an overhang
Valuations, however, are at a sharp premium compared to its peers
While 1 per cent of the promoters' holding will still be pledged, analysts believe issues related to promoter debt will come to an end
After guiding for 3-5% volume growth at the beginning of FY20, the company has now revised its guidance to a marginal decline
Foreign brokerage Credit Suisse believes that Jio's tariff hike could bring an annual cash flow in excess of $1.5 billion
Investors advised to wait for traction in revenues and margins before considering stock
Tariff hikes may not be across the board but in a few key segments, say experts
The price hike by Bharti Airtel and Vodafone Idea, however, is a relief given that they are anchor tenants