It is estimated that these ‘most’ favoured stocks are trading 40-120% higher than their long-term average price-earnings multiple.
Due to its stringent order selection criteria, it did not bag any orders during 2010-2011, a time when its peers were bidding aggressively eventually diluting their margins.
This indirect exposure is nearly 16% of the total raw material cost of the company. Export revenue acts as a natural hedge to the indirect exposure.
In addition, robust sales growth in the past two months after a long hiatus has instilled more confidence to increase exposure to rural markets.
Mahindra CIE, an auto ancillary company promoted by Mahindra & Mahindra and CIE Automotive of Spain, has taken initiatives to streamline business.
In the past five drought years barring the last fiscal, markets posted positive returns during June-August period and in the second half of the calendar year.
While the selling is large, it owes more to technical reasons and does not necessarily reflect a change of fundamental view of fund managers.
The revenue of Fiem Industries grew by annualised 23% in the past five years, higher than the industry growth of under 10%.
GAIL is back on investors’ radar after the gas regulator, PNGRB increased the tariff for transporting gas by eight times from the provisional tariff for its KG basin network.
BHEL is expected to clock order growth of more than 45 per cent in the current fiscal based on the current momentum.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon