The Bharat Stage (BS) VI rules are set to be implemented by April 2020 and require vehicles to be more energy efficient, which is expected to lead to faster adoption of LEDs. The management expects huge growth from this transition. Lumax has already started supplying BS VI components to Hero’s first BS VI bike iSmart, Maruti’s S-Presso and TVS’ N Torq. … [Read more...] about Lumax Industries Q3 – In-line numbers, a proxy play on LEDs
Looking at the core sector industries, IIP or GST numbers for Q2FY20, GDP growth slipping below 5 percent for the September quarter is very likely. A knee-jerk reaction can be ruled out when it is printed in black. But, it has been largely factored in by the markets. In fact, a correction, if any, should be used for stock picking and portfolio building. … [Read more...] about ‘Insurance stocks must have in portfolio, avoid allocation to gold in near term’
While there have been rising concerns over the spread of the Coronavirus and the impact on agrochemical companies, UPL has indicated that the company is well covered and there would be no major impact. While the actual impact is still not quantified, the outbreak offers an opportunity to its various manufacturing facilities in India, the management said. These units will benefit from the shift of demand from China to India. … [Read more...] about UPL Q3 on a fertile pitch, Lat-Am steers the show
Definitely, we believe the coming budget will be about giving benefits that make an impact at large. Since there are many things to do so as the current environment is favorable. The low inflation environment, growing GDP with a rate above 7%, Higher FDI's and on the top of it all a contained Fiscal deficit. This certainly gives extra space for the budget to be populist. A recent wave of farm loan waiver has also increased the expectation in the economy and is now seen as a game changer for any political party during elections. So yes, we expect there may be some populist measures that can be seen in this budget. … [Read more...] about Expect some populist measures in budget 2019
SEBs acted smartly in the falling tariff scenario by going back on their signed contract of buying power which at the time of signing were the lowest bid. This resulted in a complete turmoil in the sector and prompted the central government to come out with power projects of their own which were backed by it. … [Read more...] about Is it labour pains for the wind power sector?