Industrials (Q2FY25 Results Preview): Awaiting ordering revival
The sector has witnessed re-rating as (1) ordering may remain strong with the emergence of new segments like water, railway, etc.
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Industrials (Q1FY25 Results Preview): All eyes on the budget
In the interim FY25 union budget, allocation towards capex saw an increase of 7% YoY, with Roads, Railways, Defence and Water as key beneficiaries
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Industrials (Q4FY24 Results Preview): Strong Ordering Ex-Roads
NHAI’s FY24 awarding activity is muted, expect pick-up from H2FY25: With minimal awarding activity in Q4FY24, the overall FY24 awarding activity...
185 Views
HSIE Results Daily: Bajaj Auto, Tech Mahindra, TVS Motor, United Spirits
Bajaj Auto: Bajaj Auto’s Q3 PAT at INR20.4bn was ahead of our estimate of INR 19.7bn due to a better-than-expected margin of 20.1% (estimate of 19.5%)
363 Views
Hitachi Energy India: Well Placed for Recovery. Maintain ADD
The key takeaways from HEI’s FY23 annual report are as follows: (1) a well-diversified order mix and a healthy order book (OB) (2) robust business...
388 Views