August 16, 2021

ICICI Bank to enter new growth phase with strong loan growth and lower credit cost; value getting created in subsidiaries

ICICI Bank is India’s second largest bank in terms of assets and market capitalization and has a large network of branches and ATMs across India and […]
August 16, 2021

Havells a strong play on rising spends on durables and home / office improvement; Second Covid wave to have transient effect but valuations are rich

Havell’s, a leading player in Cables, lighting, switches / switchgear and household appliances, is a secular growth story. All its divisions benefits from rising domestic consumption […]
August 16, 2021

Coromandel International, India largest fertilizer company could benefit from good monsoons, however spurt in raw material costs is a concern

Coromandel is India’s largest phosphatic fertilizer company with presence in crop protection and rural retail stores as well. Government regulation, monsoon vagaries and mispricing of fertilizers […]
August 16, 2021

5G opportunity to fructify at Tech Mahindra; will drive growth for many years

Tech Mahindra is one of India’s leading software company with a large exposure (40% +) to the telecom vertical. The gradual implementation of 5G globally and […]
August 16, 2021

Blue sky scenario for JSW Steel as end product prices soar, demand is strong and near term commissioning of brownfield expansion provides volume visibility

JSW Steel is amongst the world’s largest steel producer which has largely expanded organically. Post Covid industry trends have improved significantly due to sharp rise in […]
August 16, 2021

Monopoly position in power exchange with steady volume increases due to new products are key attributes at Indian Energy Exchange; main risk factor is regulatory changes

Indian Energy Exchange is India’s largest electricity exchange accounting for 90%+ of the traded volumes. Presence of most distribution companies on the company’s platform is a […]
August 16, 2021

Tough environment impacting IndiaMart’s topline but lower costs have sustained profit growth; Poised for upliftment once normalcy is restored

IndiaMART InterMESH Ltd is India’s largest online B2B marketplace for business products and services. Increased penetration of computers and mobile phones has led to increased search […]
August 16, 2021

Secular demographic trends favour Crompton Greaves Consumer; Post second Covid wave, performance going forward will be strong

Crompton Greaves Consumer Electricals Ltd. (CGCEL) manufactures and markets a wide spectrum of consumer products ranging from fans, lamps and luminaries to pumps and household appliances […]
August 16, 2021

Atul’s diversified business model, export opportunities well timed with commissioning of new capacities to drive revenues and profitability, but valuations are fair

Atul is a leading chemical company based in Gujarat from the Sarabhai group. Its products find application in varied industries such as textiles, pharmaceuticals, agrochemicals, adhesives, […]
August 2, 2021

Tata Elxsi’s focus on niche high growth verticals paying rich dividends but stock is fairly valued

Tata Elxsi is an embedded software company with focus on design and technology solution. The company’s strength is its niche offering for the auto, media and […]