HSIE Results Daily: TVS Motor, Macrotech Developers, Marico
TVS Motor: TVS Motors’ Q2 PAT at INR 5.4bn came in line with our estimates. The highlight for Q2 was the record-high 11% margin despite the ramp-up...
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Cello World IPO - Thoughts on Valuation
Cello World is looking to raise around US$240m in its upcoming India IPO. We looked at the past performance in our previous note, in this note we...
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Cello World IPO - Strong past Growth but Has a Number of Related Party Issues
Cello World is looking to raise around US$240m in its upcoming India IPO. In this note, we look at the company's past performance.
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Consumer Durables - Likely Similar Print, Festive Season Delays to Impact
The sector has seen various challenges over the last few quarters due to (1) unseasonal rains in peak summer months; (2) weak consumer sentiment,...
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Consumer Durables: Unchanged demand trend, margin likely bottoming out
With Q2 being one of the weakest quarters for the industry, neither is there any real sequential improvement seen in B2C demand environment, nor...
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