Arvind Fashions (ARVINDFA) has a strong portfolio of brands like U.S. Polo Assn. (USPA), Arrow, Tommy Hilfiger (TH), Calvin Klein (CK), and Flying Machine (FM). It is into designing, sourcing, marketing, and selling of a wide portfolio of branded men, women, and kids’ readymade apparel, footwear, innerwear, and other accessories via EBOs, MBOs, LFS, and e-commerce platforms
Targeting sustainable growth with healthy cash flows and profitability After underperforming its listed peers on pre-sales growth over FY21-23, we believe SOBHA is set to outperform in terms of growth given its focus on unlocking its vast land reserve and exploring external growth opportunities through its healthy balance sheet. The outperformance is also expected to […]
Ahluwalia Contracts (India) Ltd (Ahluwalia), a company with an extensive experience spanning over four decades, belongs to an exclusive group of contractors that possess the requisite qualifications to undertake large-scale building projects in India. It has demonstrated the ability to adapt to changing circumstances and has emerged successful during various economic cycles. At present, the […]
Incorporated on 10th March 2003, Spandana Sphoorty Financial (Spandana) is a leading rural focused NBFC-MFI with pan India presence offering income generation loans under joint liability group model, predominantly to women
Mayuresh Joshi advised that real estate ancillaries from the plywood and laminate sector like Century Ply and Green Ply have not done as greatly as the real estate stocks have and it would be prudent to buy them as they will play catch up
Expert says that PSU banks were hammered so badly in the last few years that many are still trading at one-time book. So, despite the rally, they are still good buys. The NPA cycle has peaked. Asset quality will continue to improve. Growth will keep coming. State Bank, Canara Bank & PNB are top picks
Jyoti CNC Automation Limited is one of the world’s leading manufacturers of metal cutting computer numerical control (CNC) machines with the third largest market share in India accounting approximately 10% of the market share in India in FY23 and twelfth largest market share globally accounting for 0.4% of the market share globally in CY22
We cover four companies in this report, recommending Buys on Bayer Crop Science, Dhanuka Agritech, Sumitomo Chemicals and UPL. Top Pick Sumitomo Chemical: We prefer Sumitomo Chemicals (India) in agrochemicals, as we believe worst in terms of volume growth and pricing pressure is largely behind and expect gradual recovery as higher stocks piled up globally have started to normalise
Weak quarter; focus on CY24 The IT sector (coverage universe) is expected to post a weak quarter with a sequential decline. This is due to increased furloughs, Q3 seasonality, a prolonged deal conversion cycle, and compression in discretionary and renewals. Positive factors for the quarter include the ramp-up of mega deals (BSNL/Verizon for TCS/HCLT) and […]
We find MHRIL, SAMHI and EIH (not in coverage) to be better positioned from risk-reward perspective in the Hospitality space
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