Industrials (Q3FY22 Results Preview): Mixed quarter
Lastly, ordering has been muted and cornered by unlisted peers, and we expect a pick-up from Q4FY22 with listed players winning a larger part of...
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Draft Electricity Bill sentimentally negative
Draft Bill aimed at lowering pollution via other generation sources: In light of rising pollution levels, particularly in metros and large cities,...
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Strong operating performance aided by exports
Cummins India (KKC)'s 1QFY21 revenue came in at INR11.8b (2-yr CAGR: 6%) and was 12% ahead of our expectation. Adj. PAT came in at INR1.3b and was...
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Cummins (4QFY21): Muted performance. Maintain BUY
We maintain BUY on CIL with reduced SOTP-based target price of INR 1,024 (INR 1,068 earlier). We have cut FY22E/23E EPS by 10.4%/2.5% to account...
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Entry Into Auto Aftermarket And JV to Produce Rolling-Stock Transform Rico Auto
Rico Auto Industries Ltd (RAI IN) is an Indian auto component manufacturer producing aluminium and ferrous castings for 2Ws & 4Ws in India and...
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