Page 13 - Compass

Falling rubber to lift Apollo Tyres

Tyre stocks have been major gainers over the last two trading sessions on falling international rubber prices as well as expectations of more price hikes by tyre companies. Global rubber prices (Bangkok RSS3) have shed 22 per cent since the start of February. In India, prices have fallen by a similar margin to about Rs 164 a kg on the back of higher supplies from Thailand.Although most tyre companies stand to gain, analysts see more gains from Apollo Tyres.Rubber accounted for 52 per cent of Apollo's sales. The impact of raw material costs on margins can be gauged from the fact that the company lost 239 basis points year-on-year in operating profit margins to 14.6 per cent in the December 2016 quarter, when prices were ruling firm. Apollo Tyres had indicated that it would need about 6-7 per cent price hike to absorb the higher raw material costs. The company has taken a price hike of 1-2 per cent in January, and was able to increase volumes and prices as Chinese tyre imports had ...

IPO, UP polls brighten Jagran outlook

Value unlocking from the share offering is a positive

Cement: Profit pressure continues in Q4

Realisations still below pre-note-ban levels

Ambuja's sales dip spoils show

Core performance supported by prices; concerns remain

Eveready investors may see gains

Electrical and lighting division shows a lot of potential

Alumina to lead the show for Nalco

Better sales volumes and sales realisations, good show of alumina segment, to drive net profit

For TVS Motor, operating profit margin and market share gains

Higher sales volumes, better product mix to help stock sustain outperformance of larger peers

Private orders trickle in for ABB India

More orders like Technopark critical to support the profitability of its core power grid division

Rental asset transaction key trigger for DLF

Muted demand, worsened by demonetisation, could take a few quarters to revive

Growth, margin concerns emerge for Voltas

The 39% rise in net profit to Rs 80 cr was due to higher other income, not strong revenue growth

Aurobindo fights US pricing pressure

New products, cranking up volumes among key steps

Sun Pharma: Growth worries not over yet

Expected boost to US business missing; results short of Street expectations

One-offs dent Tata Motors Q3 performance

Analysts expect volumes and operating profit margin to pick up for JLR and India unit both

Coal India: Weak Q3, but downside limited

Profitability misses expectations, but e-auction rates, volumes, demand give comfort

Motherson in top gear on strong operating performance

Higher capacity use and realisation should help improve margins

Margin pressure ahead for Hero MotoCorp

Transition to BS-IV emission norms, higher commodity costs could hurt

Strong US portfolio boost for Lupin

Market share gains in the US led to higher operating or underlying profit

Bharat Forge: Stronger recovery key

Higher commodity prices, infrastructure focus of new US govt could help the company further

Cipla: All-round show, prospects up

Firm's 19% y-o-y growth is way ahead of peers Dr Reddy's and Glenmark, which delivered 2.0-6.6%

Rally in capital goods stocks backed by fundamentals

Stocks like ABB India, Siemens, Cummins, BHEL have beaten Sensex's 8% gains with returns of 9-29%