Re: {LONGTERMINVESTORS} Research Reports extracts & summaries - Thread

 

Daily Alerts

Results

UltraTech Cement: Volume s spring a surprise

l Strong volume performance and lower fuel cost off-set by lower realizations l Cement prices - firm price trend in North offset by weakness in South l Maintain SELL rating with a revised target price of Rs2,825/share (Rs2,450/share earlier)

Cairn India: Worrying fundamentals

l 4QFY16 PBT boosted by higher other income and lower DD&A l Fundamental issues - declining inherent production and high crude discount l Earnings revision

Results, Change in Reco

Mahindra CIE Automotive: Decent quarter

l 1QCY16 results were above our modest estimates l Cut consolidated earnings estimates by 10-13% for CY2016/17 l Delay in new product introductions and risk of M&A to topline make us cautious

Company alerts

Nestle India: AR CY2015 analysis: Maggi was not the only thing that went wrong

l Another year of decline in volumes; weakness not about Maggi alone l FCF and return ratios dip yoy due to sharp dip in revenues; A&SP up 18% yoy l Other key highlights

Mindtree: Opportunities and challenges

l Strong deal wins and pipeline; client-specific issues to impact growth in 1HFY17 l Margin levers adequate; execution holds the key to improvement in margins l Integration of acquisitions on track

Sector alerts

Industrials: Daikin India - meeting takeaways

l Daikin investing more in India with the aim to gain further market share l Other MNC players increasing India investments too; local companies need to up the ante l Daikin offering free access to R32; aim to make it an industry-standard refrigerant

Insurance: Moderate growth in FY2016

l FY2016 ended with moderate growth l Volatile trends during the past few months l ICICI Prudential Life slows down the most, SBI gains share and Max catches up

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