In today’s briefing:
- The Beat Ideas: Uno Minda – Can It Balance Legacy and Next-Gen Mobility?
- Jindal’s €2 Billion Bet: Can Green Steel Reshape Thyssenkrupp’s Future?
- Lucror Analytics – Morning Views Asia
- Dr Lal PathLabs Ltd (DLPL IN): Here’s Why Growth to Accelerate and Margin to Improve
The Beat Ideas: Uno Minda – Can It Balance Legacy and Next-Gen Mobility?
- Uno Minda, a legacy auto components player, is rapidly transforming its business mix by winning high-value orders in the EV and premium segments, significantly outperforming broader industry growth.
- A strategic pivot, fueled by capex, is set to elevate thecompany’s “kit value” per vehicle, diversify revenue streams, and strengthen its leadership in the dynamic auto market.
- With its strong order book and aggressive expansion into new technologies, Uno Minda is positioning itself for sustained, profitable growth, but its premium valuation requires a keen eye on execution.
Jindal’s €2 Billion Bet: Can Green Steel Reshape Thyssenkrupp’s Future?
- Jindal Steel International, part of the Naveen Jindal group, has offered over €2 billion (approx. INR 21,000 crore) to acquire thyssenkrupp Steel Europe, supporting its vital decarbonization projects.
- The deal strengthens Jindal’s position in Europe’s high-grade steel market, helps bypass EU carbon tariffs under CBAM, and secures access to the region’s key automotive supply chain.
- A high-stakes move, success depends on tackling EU regulations, integrating complex operations, and managing pension liabilities, while navigating subdued global steel demand.
Lucror Analytics – Morning Views Asia
- In today’s Morning Views publication we comment on developments of the following high yield issuers: Adani Ports
- UST yields rose slightly yesterday led by the long-end, as the lower-than-expected initial jobless claims marginally pared market expectations for Fed easing. The UST curve bear-steepened, with the yield on the 2Y UST rising 1 bp to 3.56%, while that of the 10Y UST was up 2 bps at 4.11%.
- Equities rallied to fresh record highs, supported by the dovish interest-rate environment. The S&P 500 and Nasdaq climbed 0.5% and 0.9% to 6,632 and 22,471, respectively.
Dr Lal PathLabs Ltd (DLPL IN): Here’s Why Growth to Accelerate and Margin to Improve
- Dr Lal PathLabs Ltd (DLPL IN) started FY26 on a strong note, achieving double-digit improvement in all key parameters, mainly driven by volume resulting from expanding geographic presence.
- Steady secular rise in the number of tests as well as sample per patient is helping DLPL to deliver healthy top and bottom line growth, without indulging in price hike.
- For FY26, the company guided for 11–12% revenue growth (acceleration from 10.5% revenue growth in FY25) and expects FY26 EBITDA margin will be better than initial expectation of 27%.
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