The stock is trading at 41 times the company’s one-year forward earnings, compared with the long-term average of 36 times. Synopsis The company is the India market leader in contract manufacturing of ACs, a business where it is facing challenges due to brands increasingly turning to in-house manufacturing of room ACs. ET Intelligence Group: Amber … Read more
Mumbai: Investors looking at seasonal investment themes could consider air conditioner manufacturers as the sweltering heat forecasts this summer are expected to boost sales. Shares of air conditioner companies have surged up to 15% in the first week of April and analysts see more room for upsides despite valuations being on the higher side. “The … Read more
Tata Steel. Share Price 149.70 03:59 PM | 18 Mar 2024 8.00(5.65%) Mahindra & Mahindra. Share Price 1856.05 03:59 PM | 18 Mar 2024 56.55(3.15%) JSW Steel. Share Price 804.40 03:58 PM | 18 Mar 2024 23.75(3.05%) Tata Motors. Share Price 972.45 03:59 PM | 18 Mar 2024 26.61(2.82%) Apollo Hospitals Enterprise. Share Price 6136.55 … Read more
Neeraj Chadawar, Head of Quant Strategy, Axis Securities, says “we firmly believe that the Indian economy is rightly placed and continues with the growth momentum and we continue to believe in double-digit returns. Given the valuations are stretched at current juncture, we believe that bottom-up theme is the best place to identify the stock based … Read more
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