Q) What is your take on December quarter earnings? Do you see any green shoots?A) The results for the FMCG companies and some finance companies have been good, but they can’t be described as green shoots. Green shoots happen after a prolonged dry spell! That way, we have seen some green shoots in stronger public sector banks. We still haven’t seen any green shoots in the results of industrial companies. … [Read more...] about ‘Coronavirus leaves opportunity for Indian cos to fill the gap left by Chinese manufacturers’
Fed hikes rate
COVID-19 impact: Smartphones, TVs and ACs to go out of stock soon; expect price hike
The coronavirus (COVID-19) outbreak is creating a scarcity of white goods in India. As companies depend on markets like China and South Korea for supply of electronic goods and components, India is witnessing a decline in quantity of goods, which could eventually lead to a rise in prices. … [Read more...] about COVID-19 impact: Smartphones, TVs and ACs to go out of stock soon; expect price hike
As govt focuses on economic revival, these 5 themes can create wealth in 3-5 years
The very fact that the PSU disinvestments are going to be more than double of what has been done so far, is a positive indication that the systemic efficiencies are being enhanced by enhancing the efficiency of capital. The investment in gilts and corporate bonds is thrown open to overseas investors like never before, in addition to the tax holiday extended to sovereign wealth funds investing in infrastructure. All these are positive factors which will play an important role in shaping the direction of the economy in the longer term. … [Read more...] about As govt focuses on economic revival, these 5 themes can create wealth in 3-5 years
Hold P.I. Industries; target of Rs 1516: Prabhudas Lilladher
PI's results were marginally lower than our estimates due to higher than anticipated tax rate. Both domestic and CSM businesses continue to grow a rapid pace. It has also completed the acquisition of Isagro which will be incorporated in the financials 4Q onwards. PI plans to raise Rs 20 bn within the next 2 months to leapfrog its capabilities into newer adjacent verticals & niche technologies via organic/inorganic route. Our take from concall is that since capital requirement is immediate & sizeable (~52% of FY20E Balance Sheet size) there could be some kind of inorganic growth opportunity that the management may execute soon. The scale of PI's business may increase by +50% from the Balance sheet perspective (FY20E BS size ~Rs 38 bn) and has potential to take it to a different trajectory. Given the sizeable nature of potential business expansion, we would wait for further developments to frame a view on this. In the existing business EBITDA margins are likely to remain flat @ … [Read more...] about Hold P.I. Industries; target of Rs 1516: Prabhudas Lilladher
4 ways to identify toxic employees before hiring them
4. Don’t rush the hire There’s nothing worse than being desperate when you’re considering bringing someone on board. Skill and talent can seem like that shiny new option you’ve been looking for, but you want someone who will add to your company’s culture and inspire those around them, not bring down morale. Rushing a decision will more than likely guarantee a wrong fit. … [Read more...] about 4 ways to identify toxic employees before hiring them
