The demand for medium and heavy commercial vehicles (MHCVs) has remained strong after the government’s announcement of new axle load norms in July 2018.
Another major step as part of ongoing banking reforms; to pave way for further consolidation! In yet another unexpected move, the Indian government announced the amalgamation of three public sector lenders – Bank of Baroda, Dena Bank and Vijaya Bank.
Operational performance at GFL has improved robustly with EBITDA margins at 28.2% in FY18 (21.0% in FY17) resulting in RoCE rising to 13.1% in FY18 (8.2% in FY17).
In our view, experienced management team, strong profitability trends, improving return profile coupled with change in business mix more towards retail – all these factors put together would drive re-rating in the stock.
Sun Pharmaceutical Industries (SPIL) has received the US Food and Drug Administration or USFDA’s approval for Xelpros - a novel drug formulation of Xalatan (latanoprost) - the most widely prescribed treatment for Glaucoma.
2QFY19 has seen stable market demand, continuing through 1QFY19. Rural continues to grow ahead of urban (but has still not accelerated to the pace seen a few years ago vis-à-vis urban growth).
Companies reputation for quality, commitment and consistency in terms of performance, as well as local, regional and international presence, have allowed to service the growing infrastructure needs throughout India.
Products in its home appliance portfolio consist of refrigerators, washing machines, dishwashers and microwaves, and these will be sold under the brand “Voltas Beko”.
