Phoenix Mill Ltd is one of the leading mall developers and operators in India. Phoenix offers a unique opportunity for any retailer to expand rapidly in India due to its strong operational performance and scalability. Its revenue CAGR over 5 years stand at 6.5%.ROCE has been improving continuously and stands at 13% in FY19 from …
Asian Paints (APL) is Indias leading paint manufacturer and marketer, with a
dominant share in the decorative segment(with market share of 45-50% in the
organised domestic paints segment while second-largest player has market share
of about 15%).Further, the company is virtually
debt free and also the cash flow has improved from `1,187cr in FY2015 to
…
Larsen & Toubro is a major technology, engineering, construction,
manufacturing and financial services conglomerate, with global operations.The stock is currently trading at 3x of its book value and generates an ROCE
of 13.9%. The company also pays dividend of average 25%. Considering the
strong order book of the company, we recommend BUY.
HCL Technologies Limited is engaged in computer programming, consultancy and related activities.Further, improving economic growth outlook for the developed markets, it is expected that in the near to medium term the revenue visibility is expected to remain good, given HCL Tech’s ability to bag new deals. The company is virtually debt free. The company has …
Torrent Power is engaged in the business of generation, transmission and distribution of power and manufacture & sales of Cables. The stock is currently trading at 1.4x of its book value and generates an ROCE of 12.1%. The company also pays dividend of average 25%. Considering the demand-supply scenario and strong outlook for the company, …
Kotak Mahindra Bank provides a full suite of banking services to its customers encompassing Retail Banking, Treasury and Corporate Banking in India and also has a representative office in Dubai.The stock is currently trading at 4.8x of its book value, which is at a lower side when compared to a high of 5.2x in the …
The Government stuck to it’s fiscal deficit target for FY2020 despite a significant
shortfall in revenues collections for FY19. Gross tax revenues for FY19 fell way
short of expectations at ` 20.8 lakh cr. as compared of revised target of ` 22.5
lakh cr. As a result net tax revenue came in short at ` …
Given recent slowdown in the economy there are expectations from the final budget would contain further stimulus measures to boost the economy. With the RBI finally realizing that inflation is subdued they have cuts rates by 75bps so far in 2019. However transmission of policy rate cuts has been an issue and so far there …
As expected, this interim Budget turned out to be much more than expected. There was a fiscal slippage in FY19 to 3.4% against budgeted estimates of 3.3%, though it was less than market estimates of 3.5%. However, fiscal deficit for FY2020 at 3.4% was ahead of market estimates and significantly ahead of 3.1% as mandated …
As this is an election year, the government will be presenting an interim Budget instead of a regular Budget on February 01, 2019. Convention dictates the government to seek a Vote on Account with a new government presenting the regular annual Budget in July 2019. While convention also dictates that there are no major policy …
As expected, this interim Budget turned out to be much more than expected. There
was a fiscal slippage in FY19 to 3.4% against budgeted estimates of 3.3%, though
it was less than market estimates of 3.5%. However, fiscal deficit for FY2020 at
3.4% was ahead of market estimates and significantly ahead of 3.1% as mandated
…
As this is an election year, the government will be presenting an interim Budget
instead of a regular Budget on February 01, 2019. Convention dictates the
government to seek a Vote on Account with a new government presenting the
regular annual Budget in July 2019. While convention also dictates that there are
no major policy …
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