Thermax Ltd has won a $150-mn order for its Sulphur Recovery Unit (SRU) at the Numaligarh Refinery. The entry into SRU enables it to bid for a high single-digit share of refinery CAPEX versus mid-single digit levels until now. Thermax would likely

With increasing uncertainties and new downward pressure, China is facing significant risks and challenges both nationally and globally. The 5.5% growth target for 2022 is the lowest official target for the economy in decades. The economy sharply decl

In the last 3 years, Cipla's US generics business has grown faster than its peers on a lower base of 10% CAGR, and on the domestic front, Cipla has seen ~16% CAGR growth mainly led by COVID portfolio FY21 & FY22. However, the US generic busine

Conflicting to the market expectations, Oil Marketing Companies (OMCs) have not raised retail prices of petrol, diesel, and LPG after the 5 state elections, despite double-digit negative petrol and diesel margins. The OMCs are waiting for crude volat

Wipro observed that the demand for IT services remains strong aided by transformation projects and cloud adoption. For clients with IT services vendors that are affected by the Ukraine-Russia war, Wipro is becoming an additional vendor for the client

Infosys observed a strong demand environment for IT services in the market. Infosys’s revenue grew faster than its peers in FY21 by 5% and FY22E to 19.5-20% due to its focus on digital offerings, re-training its employees in new skills, and focusin

Globally, Fintechs have corrected sharply. The price to sales growth ratio (PSG) of Fintech companies is declined to 0.07x-0.35x globally. Challenges with the lending license: To gain scale and size, Fintechs need to go beyond distr

The prices of coking coal, iron ore, and steel have sharp movement amid the Russia-Ukraine war, as Russia and Ukraine are large exporters of these commodities. Domestic steel price hikes, so far, are insufficient to cover cost inflation, however, the

In February 2022, Nifty Bank Index dropped by 10% in line with its global peers. Nifty Bank underperformed Nifty with banks & life-insurers underperforming. FPI outflows from Finance Sector were at $1.3 billion in Feb vs $4.7 billion over the per

Amid the Russia-Ukraine conflicts, the Brent Crude oil prices went up by 74% YTD. Whereas, the Urals-Brent differential was heading to the largest drop in history at approximately $20/bbl because of the threats of international sanctions. If we wi

Vijay Kishanlal Kedia has been a relatively low-profile investors in the markets but has steadily built a high quality portfolio. As of June 2021, his portfolio consisted of 16 stocks with a current market value of Rs.785 crore. Vijay Kedia

When we talk of ecommerce value creators, the first names that come to our mind are Flipkart, Byju’s, Zomato and Paytm. There was been one listed ecommerce ticketing player doing phenomenally well since its listing in Aug-19. IRCTC came out with it