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As margin benefits are peaking, we have identified stocks that are expected to report EBITDA margin improvement in the December 2023 quarter. The aim is to identify stocks that have improved y-o-y EBITDA margins in the September quarter and are expected to report an improvement in margins in the December quarter on a y-o-y basis. There are 60 such companies. In the past year, the average return of this group has been 42.3%, compared with 21.7% by the Nifty 500 index.

While it should always be followed as the basic principle of investing, in markets when valuations are high it becomes extremely important for an investor to look at a company and their operating and valuation matrix separately. The reason, when there is a change in the operating matrix, the valuation matrix gets impacted more. The reason to be cautious is that when a correction takes place, and it does, stocks which have seen an improvement due to fundamental reasons tend to perform relatively well as compared to others. So look at stocks where analysts' outlook has improved over the last one...

While the recent performance of stocks like REC, PFC and recently listed IRDEA has brought focus back to one segment of power companies. But the fact is that in the last few years, the sector has been going through a consolidation. Some of it was forced by the banks due to many companies going under the IBC and some due to the fact that any industry which has gone through a troubled phase of almost a decade, the players who are able to survive tend to get more attention because they have learnt the art of surviving a tough phase which is one most important feature for long term survival. Power...

Stay bullish, but just add an element of caution which means stay with quality. There is quality in every segment of the markets, but when one is buying midcap stocks it is more important to focus on quality as these companies and also their stocks may have relatively less ability to withstand a corrective phase, either because of the nature of the business or because of technical reason like shareholding pattern. Following stocks have come from Refinitiv’s Stock Report Plus which lists stocks with high upside potential over next 12 months, with average recommendation rating of “b...

Why do multinational companies, whose half of the products are outsourced to much smaller manufacturing units still enjoy a higher multiples than many others. Simple answer, they own the brands and hence the pricing power. There are many sectors where brands play an important role. Branded apparel space has seen many tailwinds, right from implementation of GST which removed the tax arbitrage between organized and unorganized players to something which is not heard much on the street, which is China plus one sourcing. Is this industry finally reaching a stage where scale and brands will get des...