Page 6 - Devangshu Datta

Apollo Hospitals Enterprise likely to ride on healthy business outlook

APH expects online pharmacy distribution margins to grow to 20 per cent in FY25, from 13.6 per cent currently

Hero MotoCorp to vroom on new launches and uptick in rural growth

Valuation is trading around 22 times expected FY25 earnings per share and investors would have to factor in holdings in Hero FinCorp and Ather after taking a holding company discount

Hindalco: Q1 performance in line with expectations, outlook positive

In FY25, the management expects capex of Rs 5,500-6,000 crore for India operations and capex of $1.4-2.1 billion for Novelis

Red-hot growth projections point to cooler outlook for Voltas stock

Voltas saw strong growth in both UCP (Unitary Cooling product) and EMPS (electro mechanical projects) segments. It reported a profit in EMPS versus expectations of loss

July Budget and slashing of SGBs: A setback for portfolio balancing

Understandable if govt decided not to bear exchange and capital appreciation risks on SGBs anymore, but this would be a pity for investors who would no longer have this option to balance portfolios

Strong growth prospects, mixed valuations seen for Info Edge stock

A continued slowdown in IT hiring remains a risk. IT billings growth slowed to single digits, while non-IT segments grew 14 per cent Y-o-Y and this supported growth

Bangladesh's gamble

As the Awami League's current predicament shows, repressive regimes-even when delivering prosperity-cannot keep their populace content

Prospects healthy for Bharat Forge, but stock fully valued too

Bharat Forge's Q1FY25 revenue growth was driven by defence as other segments saw weak demand. Overseas subsidiaries are showing gradual improvement

Improving outlook may drive further gains in Godrej Consumer Products

GCPL has delivered industry-leading volume growth in India and it may record double-digit earnings growth over FY24-26

Valuations factor in strong earnings growth, better margins for TVS Motor

The strong earnings growth and margin improvement are reflected in the current valuation of 44 times price to price-to-earnings ratio on FY25 earnings

Non-biscuit portfolio key driver of Britannia Industries' growth

Unless there is a sharp upside surprise in terms of volumes, or some unusual gains in margins

Stock market positive on Thermax despite profit margin decline in Q1

The industrial products segment is poised for double-digit growth driven by solutions for water treatment and air pollution

Demand, margin concerns likely to weigh on Tata Motors in near term

The prospects are good enough for analysts to marginally hike EPS estimates by 3 per cent or so for FY25. The stock trades at an estimated 19-20x of FY25 estimated EPS.

Strong volume growth, lower costs positive for Coal India's outlook

While operating profit margins are likely to normalise over the next two fiscals, the net profit estimates are being upgraded by analysts on the basis of higher OBR reversals

Strong volume growth and rich valuations for Varun Beverages' stock

Revenue grew 29 per cent Y-o-Y to Rs 7,330 crore which was below expectations. Volume grew to 402 million cases, up 28 per cent

Investors pin hope of govt support amid under-recoveries of BPCL, HPCL

HPCL has commissioned 126 new retail outlets, bringing the total outlets to 22,148

Loan growth, higher return ratio hopes positive for Bandhan Bank

The operating expenses grew 21 per cent Y-o-Y but reduced 8 per cent Q-o-Q to Rs 1,590 crore, which was lower than expectations

Nestle India: Higher growth rates imperative to sustain high valuation

Nestle has been focusing on "RURBAN" and expanding its distribution reach. E-commerce continued to deliver double-digit growth

A twisted electoral puzzle

This election might have been a no-contest for the Democrats, but given its complicated electoral system, it is not

L&T likely to outperform guidance after strong Q1 FY25 performance

Assuming valuations at around 30 times price-to-earnings and valuing holdings in listed subsidiaries at a discount of 25% to fair-value, there could still be an upside of 15-20%