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Predictions of normal monsoon boost prospects for domestic agrochem firms

https://www.rediff.com/business/report/quality-control-orders-what-does-this-mean-for-domestic-industry/20240425.htm

Coromandel , India-general- , India , China , Australia , Rohan-gupta , Ranjit-cirumalla , Dhanuka-agritech , Ujwal-wadighare , Sharda-cropchem , Dominic-xavier-rediff , Prashant-biyani

Market litmus may turn red for chemicals sector

The chemicals sector's recovery could be delayed until FY25 if the current trends of weak demand and flat pricing continue.

Following a subdued September quarter, the revenue and profit performance of listed chemicals companies are anticipated to fall short of initial expectations of an improvement.

Despite some price stability, the demand trajectory remains uncertain.

China , Chinese , Surya-patra , Swarnendu-bhushan , Abhijit-akella , Navin-fluorine-international , Prabhudas-lilladher-research , Emkay-research , Phillipcapital-research , Kotak-institutional-research , Jm-financial-research , Anupam-rasayan-india

Q3 Result Preview: Consumer Durables to see mixed bag performance; Voltas , Blue Star, other AC producers better placed.

Q3 Result Preview: Consumer Durable producers to see a mixed bag performance amidst weak demand. Air-conditioner manufacturers to see volume growth led by inventory stocking ahead of peak season. Stable raw material prices to remains supportive for margins for all.

Lloyds-havells , Voltas-havells , Phillipcapital-india-research , Phillipcapital-research , Air-conditioner , Blue-star , Orient-electric , Voltas , Q3-preview ,

Growth and margin uptick critical for gains in Divi's Laboratories

Rise in input costs, inventory write-off, and pricing pressures led to a drop in gross margins.

Higher competitive pressures led to cuts in operating profit margins and earnings estimates for FY24 and FY25.

Most brokerages have a 'neutral' or a 'reduce' rating on the stock on account of valuations.

Tushar-manudhane , Rahul-jeewani , Divi-lab , Motilal-oswal-research , Phillipcapital-research , Prabhudas-lilladher-research , Motilal-oswal , Naman-bagrecha , Lilladher-research , Oswal-research , Business-news , Usiness-news-india

Acid test for specialty chemical firms: Mix of weak demand, low realisations

The weak April-June quarter (first quarter, or Q1) results of the largest listed specialty chemical maker, SRF, and multiple global headwinds for the sector are expected to weigh on the prospects of Indian specialty chemical companies in 2023-24 (FY24).

Stocks in the sector (down 7-18 per cent) have underperformed the benchmarks (up over 10 per cent) in the past three months, and given the multiple challenges, the trend is likely to continue.

Kotak Institutional Equities expects a very weak quarter (Q1FY24) for the sector due to destocking, demand weakness across certain critical end-use industries, and price erosion amid intense competition from Chinese suppliers.

Switzerland , China , Germany , Chinese , Swiss , German , Surya-patra , Sumant-kumar , Nuvama-research , Navin-fluorine-international , European-union , Pi-industries

Hazy business outlook clouds LTIMindtree's double-digit growth plan

The stock of LTIMindtree finished at Rs 5,001 a piece on Monday, which means it is down about 5 per cent from its all-time high as its June quarter results for the 2023-24 financial year (Q1FY24) missed estimates.

A cautious note by the management, coupled with the fact that it will miss its double digit revenue growth target for FY24 weighed on the stock price.

The company delivered revenues of just over a billion dollars in the quarter with constant currency growth of 0.1 per cent.

Krish-beriwal , Abhishek-bhandari , Phillipcapital-research , Nomura-research , Motilal-oswal-research , Jm-financial-research , Oswal-research , Business-news , Usiness-news-india , Ndia-business-news , Ndian-economy-news , Ndian-financial-news

Growth prospects remain strong for Titan after good Q4 performance

Titan posted better than expected revenue growth in the March quarter of the financial year 2022-23 (Q4FY23), powered by strong demand trends in the jewellery and watch segment.

Standalone jewellery sales for the firm were up 24 per cent year-on-year (YoY) on a slightly lower base and aided by like-to-like growth of 19 per cent.

The company highlighted that new buyer growth was at 15 per cent while average ticket size was up 8 per cent.

Aditya-kasat , Akshay-tritiya , Phillipcapital-research , Prabhudas-lilladher-research , Motilal-oswal-research , Prabhudas-lilladher , Motilal-oswal , Business-news , Usiness-news-india , Ndia-business-news , Ndian-economy-news , Ndian-financial-news

Growth prospects remain strong for Titan after good Q4 performance

By Ram Prasad Sahu Titan posted better than expected revenue growth in the March quarter of the financial year 2022-23 (Q4FY23), powered by strong demand trends in the jewellery and watch segment. Standalone jewellery sales for the firm were up 24 per cent year-on-year (YoY) on a slightly lower base and aided by like-to-like growth

Akshay-tritiya , Aditya-kasat , Ram-prasad-sahu , Prabhudas-lilladher-research , Motilal-oswal-research , Phillipcapital-research , Ram-prasad , Prabhudas-lilladher , Motilal-oswal ,

Improving outlook, upgrades to keep wheels turning for auto companies

The S&P BSE Auto Index has been one of the biggest outperformers among sectoral indices over the past year with returns of 26 per cent.

By comparison, the benchmarks - the National Stock Exchange Nifty50 and the S&P BSE Sensex - managed about 6-8 per cent during this period.

Improving demand, falling raw material costs, and rising product realisations, led by the premiumisation of portfolios, have led to a revision of growth estimates and upgrades by domestic brokerages.

India , Gautam-duggad , Raghvendra-goyal , Shashank-kanodia , Dominic-xavier-rediff , Phillipcapital-research , Analysts-of-motilal-oswal-research , Ashok-leyland , National-stock-exchange-nifty , Prabhudas-lilladher-research , Kubota-corporation , Motilal-oswal-research

Uni-Asia Group well placed to gain from surging charter rates: PhillipCapital | Hellenic Shipping News Worldwide

PhillipCapital Research has taken a liking to Uni-Asia Group, which expanded into ship and property investments in 2010, thanks to record earnings from surging charter rates. Analysts from PhillipCapital have initiated coverage on Uni-Asia with a “buy” recommendation and target price of $1.26, pegged to 3x price-to-earnings ratio (P/E) for FY2022. This would give the ...

Singapore , Phillipcapital-research , International-maritime-organization , Asia-group , Capital-research , Uni-asia-group , Baltic-dry-index ,