Industrials (Q4FY24 Results Preview): Strong Ordering Ex-Roads
NHAI’s FY24 awarding activity is muted, expect pick-up from H2FY25: With minimal awarding activity in Q4FY24, the overall FY24 awarding activity...
265 Views
HSIE Results Daily: Bajaj Auto, Tech Mahindra, TVS Motor, United Spirits
Bajaj Auto: Bajaj Auto’s Q3 PAT at INR20.4bn was ahead of our estimate of INR 19.7bn due to a better-than-expected margin of 20.1% (estimate of 19.5%)
484 Views
Leader Energy Holdings Pre-IPO - Still Too Early for an ESG Angle
Leader Energy Holdings (1814173D MK) is looking to raise up to US$215m in its upcoming Malaysia IPO. LE’s revenue has grown on the back of higher...
707 Views
Barito Renewables IPO - Power Producer with Stable Cash Flows
Barito Renewables (2306028D IJ) is looking to raise around US$228m in its Indonesian IPO. It is Indonesia’s largest geothermal power producer, and...
606 Views
Hitachi Energy India: Well Placed for Recovery. Maintain ADD
The key takeaways from HEI’s FY23 annual report are as follows: (1) a well-diversified order mix and a healthy order book (OB) (2) robust business...
448 Views