Special Reports |
Strategy |
Strategy: No cash, only credit |
| Psychological impact on unaccounted 'flow' greater than financial impact on undisclosed 'stock' | | Narrowing options: Increasingly hard to avoid detection of unaccounted income and wealth | | Small-value cash-based transactions may stabilize over the next 2-4 weeks | | Informal credit may support consumption; from 'no credit, only cash' to 'no cash, only credit' | |
Daily Alerts |
Results |
India Cements: Lower fuel costs, volumes aid earnings |
| EBITDA outperformance led by increased pet-coke usage (80%) and higher volumes | | Increase in pet-coke costs to hurt profitability from 3QFY17 | | ICEM's trade sales at 70%, limited impact of demonetization until now | |
Sobha: 2QFY17: OCF positive, but cost escalations a worry |
| Results review: Regular cost escalations cast shadow on positive operating cash flows | | Operations review: Better sales, given the odds during the quarter | | Sentiment could drop volumes in the near-term | |
Sector alerts |
Banks: Addressing short-term pain |
| RBI provides 60 day relaxation on NPL recognition | | Early days to fully assess the impact | | Temporary relief, medium-term concerns remain | |
Consumer Products: Month in review - Oct 2016: Demonetization drives sector underperformance |
| Pricing/promotions - more hikes in S&D; promotional intensity still high in select categories | | RM inflation - mixed trends; agri-inputs and crude oil start inching up again | |
Telecom: 2QFY17 wireless round-up: operators scamper for volumes |
| Operators focus on volumes and subscriber additions in the post 'R-Jio launch' world | |
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