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Union Budget 2015-16: Balancing Act

India Infoline News Service | Mumbai | February 28, 2015 20:23 IST

The finance minister has delivered a practical budget that addresses many crucial areas topping the government agenda. The Budget would please rating agencies given its visibly significant control over the twin deficits and inflation with growth targeted at 8-8.5%. The GAAR applicability deferment by two years and the commitment to prospective taxation would certainly win the confidence of foreign investors.

Union Budget Preview 2015-16: Laying the Cornerstone

India Infoline Research Team | Mumbai | February 26, 2015 15:30 IST

The Union Budget 2016 would be a growth enabler, as well as one that adheres to the path of fiscal consolidation.

Express Idea: Colgate BUY

India Infoline Research Team | Mumbai | February 25, 2015 15:54 IST

Colgate continues to dominate the oral care industry with strong 50%+ market share despite increased competition in the oral care space.

Finolex Cables Ltd (Q3 FY15)

India Infoline Research Team | Mumbai | February 24, 2015 15:45 IST

Communication cables segment registered strong yoy growth with sales jumping 35%. PBIT margins for the segment contracted marginally to 7.8% v/s 8% in Q3 FY14.

Adani Power - Charging up - BUY

India Infoline Research Team | Mumbai | February 23, 2015 16:52 IST

The bullish breakout has also been accompanied with a solid surge in traded volumes.

PI Industries Ltd (Q3 FY15)

India Infoline Research Team | Mumbai | February 23, 2015 16:44 IST

Domestic business saw significant pickup during the quarter even when peers struggled as the PIs important products catering to rice and certain vegetable crops saw good demand.

Nestle India (Q4 CY14)

India Infoline Research Team | Mumbai | February 20, 2015 11:16 IST

Nestle matched our revenue expectations by recording ~12% yoy growth at Rs25.2bn during Q4 CY14 driven more by price hikes than volume.

Ambuja Cements (Q4 CY14)

India Infoline Research Team | Mumbai | February 20, 2015 10:09 IST

Ambuja Cements (ACL) revenues stood at Rs24bn, below our estimate of Rs28bn. The underperformance was primarily due to lower dispatch numbers (growth of 1.8%) which could be due to slowdown in demand in North and Eastern regions.

Express Idea: Shriram Transport Finance Co Ltd. BUY

India Infoline Research Team | Mumbai | February 16, 2015 17:16 IST

STFCs NIM would gradually expand over the coming quarters aided by easing in cost of funding.

Coal India (Q3 FY15)

India Infoline Research Team | Mumbai | February 16, 2015 17:12 IST

Coal Indias topline of Rs177.6bn was inline with our estimate as the impact of lower e-auction volumes was offset by strong realisations.

Tata Communications (Q3 FY15)

India Infoline Research Team | Mumbai | February 16, 2015 17:06 IST

Data has taken over the mantle and voice remains the free cash cow with a target of US$90-100mn/year.

Indraprastha Gas (Q3 FY15)

India Infoline Research Team | Mumbai | February 16, 2015 16:48 IST

Indraprastha Gas Ltd (IGL) reported net sales of Rs9,444mn, lower than our estimates for Q3 FY15.

Power Grid (Q3 FY15)

India Infoline Research Team | Mumbai | February 16, 2015 16:40 IST

Power Grids topline growth was quite strong at 18.2% yoy to Rs43.5bn on the back of the strong capitalization of projects in 9M FY15.

Cipla (Q3 FY15)

India Infoline Research Team | Mumbai | February 16, 2015 16:35 IST

Cipla Q3 revenues at -0.1% qoq and 6.5% yoy were below our estimate of +4.9% qoq and 12.5% yoy.

Hindalco Industries Ltd (Q3 FY15)

India Infoline Research Team | Mumbai | February 16, 2015 16:23 IST

Hindalco reported topline growth of 18.3% yoy to Rs86bn on the back of higher aluminium production, higher product premiums and an increase in copper production.

Bharat Heavy Electricals Ltd (Q3 FY15)

India Infoline Research Team | Mumbai | February 16, 2015 16:12 IST

BHELs order inflows managed to bounce back in 9M FY15 on the back of increased ordering from state utilities and new orders from Telengana state.

Express Idea: Godrej Consumer Products BUY

India Infoline Research Team | Mumbai | February 12, 2015 18:05 IST

GCPL has witnessed impressive growth in both domestic and international business during Q3 FY15 after posting disappointing revenue growth for past few quarters.

Radico Khaitan (Q3 FY15)

India Infoline Research Team | Mumbai | February 12, 2015 17:59 IST

Radico reported tepid 5.5% yoy Q3 revenue growth while 9m FY15 growth was equally lackluster at 4.1% yoy.

National Aluminium Co Ltd (Q3 FY15)

India Infoline Research Team | Mumbai | February 12, 2015 17:57 IST

NALCOs quarterly revenues were inline with our estimate as the impact of lower alumina volumes was offset by higher product realizations.

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