Encouraging Signs, But Concerns Still Outweigh; Buying Materials, Energy, Industrials, Health Care
We continue to see some encouraging signs that suggest that the lows may have been established for this correction. Still, cyclical value remains...
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Industrials (Q3FY22 Results Preview): Mixed quarter
Lastly, ordering has been muted and cornered by unlisted peers, and we expect a pick-up from Q4FY22 with listed players winning a larger part of...
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Draft Electricity Bill sentimentally negative
Draft Bill aimed at lowering pollution via other generation sources: In light of rising pollution levels, particularly in metros and large cities,...
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Strong operating performance aided by exports
Cummins India (KKC)'s 1QFY21 revenue came in at INR11.8b (2-yr CAGR: 6%) and was 12% ahead of our expectation. Adj. PAT came in at INR1.3b and was...
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Industrials (1QFY22 Results Preview): Loss in Momentum Due to Second Wave
We expect the bid momentum to pick up from here on. With central elections coming up in Q1FY25E, we expect strong ordering in FY22/23E. Q1FY22...
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