Infrastructure - Betting on Conservatism
Substantial dilution of bid qualification has exposed the sector to low quality, inadequately funded developers taking large order inflow market share
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HSIE Results Daily: Mahindra & Mahindra, Petronet LNG
Mahindra & Mahindra: Mahindra & Mahindra Q1 PAT, at INR 14.7bn, was below our estimate of INR 16.5bn due to lower-than-expected margin in the FES...
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Industrials - Bracing for Recovery
In Q1FY23, NHAI awarded ten projects, of which, nine were HAM projects worth INR 98.1bn and one was an EPC project worth INR 7.7bn.
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Kalpataru Power - All Eyes on Merger
KPTL (Standalone) reported a 14% YoY decline in revenue in Q4FY22 and a ~200bps correction in EBITDAM, due to lower dispatch in T&D
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HSIE Results Daily: Aditya Birla Capital, Indian Oil Corporation, BPCL, Cholamandalam, Voltas,...
Aarti Industries: We maintain our BUY recommendation on Aarti Industries (AIL) with a target price of INR 1,330/share. We expect the company's PAT...
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