India City Gas Sector: Pessimism Overdone
Indraprastha Gas (IGL) and Mahanagar Gas (MGL) stock prices have seen a ~18/1% correction over the last six months and underperformed Sensex by 25/7%
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HSIE Results Daily: Britannia Industries, Godrej Consumers, Balkrishna Industries
Britannia took price corrections to defend its market share as competitive intensity rose (particularly from local/regional brands)
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HSIE Results Daily: Larsen & Toubro, SRF, Apollo Tyres, Kansai Nerolac
Larsen & Toubro: Larsen & Toubro (LT) reported Q4FY23 revenue/EBITDA/APAT at INR 583.4/68.3/39.9bn, in line/(missing) with our estimates by 0.1...
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HSIE Results Daily: ITC, Tata Power, Marico, CDSL, Mahanagar Gas
ITC: ITC delivered another quarter with a beat in earnings. Net revenue and EBITDA clocked 3/22% YoY growth vs the expectation of 5/14%
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India City Gas Sector: Weathering the ‘Perfect Storm’
City Gas Distribution (CGD) companies, Indraprastha Gas (IGL), Gujarat Gas (GGL), and Mahanagar Gas (MGL) have corrected by 26-29% over the last 12...
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