Page 4 - Compass

Cintra deal, expanding order book triggers for IRB Infrastructure

IRB Infrastructure Developers (IRB) owns 51 per cent of the units, with the remaining 49 per cent held by various GIC Affiliates

Auto component makers to gain from new 4-wheeler electric vehicle policy

Currently Indian ancillary makers are not all capable of supplying EV-specific components but some component makers are suppliers to global EV OEMs

Margin concerns largely priced in for Muthoot, Manappuram Finance

Three NBFCs in gold financing have seen AUM growth on a quarter-on-quarter (Q-o-Q) basis for the gold segments over the last three quarters

Global supply, margin pressures overhang for Indian steelmakers' stocks

Exports are high due to weak Chinese domestic steel demand which contracted 2 per cent YoY in CY23

Improving margins likely to help Ambuja Cements emerge as an outlier

Ambuja Cement could increase its EBITDA margin from 13.2% in FY23 to around 19.5% in FY24, with continued gains likely in FY25 and FY26 due to effective cost control and increased scale

Attractive valuations of city gas distributors after recent price fall

Domestic gas consumption in CGD declined to 26.5 mmscmd in January

Strong portfolio, slew of launches to help Abbott India outperform

The company's Year-on-Year revenue growth of 8.3% exceeded expectations and its top line was aided by a product mix led by therapies

Brokerages bullish on Vedanta's prospects amid concerns over group's debt

Capex in aluminium and zinc should result in incremental cash flow of $1 billion-plus per annum once the plants ramp up fully, which could be in H2FY26

Strong Q4 powers ABB India, but near-term positives seem priced-in

ABB India (ABB) has leveraged demand from quality players to manage deeper penetration across market segments and localisation has helped cut costs, leading to better margins

Bajaj Finance stock: Seizing opportunity amid market correction

Their average one-year target price is Rs 8,762.3, indicating a potential upside of over 30 per cent from Thursday's closing of Rs 6,673.95

Domestic growth to power near-term performance of Cummins India

Powergen revenues spurted 51 per cent on the back of a 20 per cent volume growth

LIC Housing Finance targets upgrade after stable performance in Q3

The credit cost was stable sequentially at 0.6 per cent while write-offs moderated to Rs 57.7 crore

GAIL's stronger-than-expected Q3FY24 performance may be priced in

The management claimed improved realisation was key and higher petrochemical sales, improved marketing margins, and reduced petchem costs contributed to the good performance

RBI curbs on Patym to have major impact but valuation remains attractive

The fintech firm said it will compensate by expanding existing relationships with third-party banks to distribute payments, financial services and products

Interim Budget: Infra focus, fiscal prudence are positives for street

While overall capex has increased, some analysts had expected higher outlays for road, defence and railways

Indus Towers may emit weak signals as Vodafone Idea concerns persist

The rental revenue growth was due to the addition of 7,600 towers, and 7,200 co-locations implying a reduction in the average sharing factor (ASF) sequentially to 1.72x from 1.74x

Weaker than expected bookings in Q3, valuations to weigh on Oberoi Realty

While this was up 25 per cent as compared to the year-ago quarter, it was down 18 per cent on a sequential basis despite a new launch

AC manufacturer Voltas stock hots up on hopes of a cooler outlook

Manufacturers have also started to stock channels in anticipation of summer demand which may kick in from Q4FY24

Multiple headwinds ahead for ICICI Prudential Life Insurance Company

Commission expenses and expenses of management (EOM) dragged down the profitability. The net profit grew just 2.4 per cent Y-o-Y to Rs 227 crore

Lower growth estimates likely to keep HDFC Life stock under pressure

HDFC Life reported Q3FY24 annual premium equivalent (APE) at Rs 3,190 crore which was more than 10 percent below consensus and down 4.5 percent Y-o-Y