HSIE Results Daily: Ashok Leyland, Fsn E-Commerce Ventures (Nykaa)
Ashok Leyland: Ashok Leyland’s Q4 PAT, at INR 6.9bn, was ahead of our estimate, led by higher-than-expected ASP and a 50-bps margin beat to 11%
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Chemicals: Recovery and stability ahead!
Our chemical universe is expected to report a muted sequential growth, owing to subdued demand, courtesy the global recessionary headwinds faced by...
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HSIE Results Daily: Berger Paints, Voltas, Aditya Birla Fashion and Retail, Kansai Nerolac
Berger Paints: BRGR delivered an in-line top-line (5.6% YoY three-year CAGR: 17% INR27bn) whose three-year CAGR was at par with APNT’s
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Indian Chemical Sector 2.0 - Catalysts for Growth in Place
The Indian chemical industry continues to be an attractive hub of opportunities, even in an environment of global uncertainty
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Sudarshan Chemical: Reeling Under Demand Downturn. Downgrade to ADD
We downgrade Sudarshan Chemical (SCIL) from BUY to ADD, with a revised target price of INR 425. We are cautious regarding the weak demand outlook
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