Operating margins are seen at 7.5% versus 9% in the previous March quarter. Anything higher than this could be positive for the company's stock.
Curiously, hotel stocks – Indian Hotels, EIH and Leela Ventures – have already started to see some investor interest. And even though the markets closed flat on Tuesday, all these hotel stocks were up 6-10%.
Its Indian business reported ebidta/tonne of Rs 17,000 against an expectation of Rs 14,500. This is because of higher realisation.
Investors need to be a little cautious of the recent rally in real estate stocks, led largely by the anticipation that a business-friendly govt will assume power.
The Kerala-based company exudes confidence that its overall performance will be much better in the current fiscal.
Orient Paper, an electrical and paper manufacturing firm, has caught investor’s fancy of late, with the stock jumping 150% in the last six months.
HUL results fail to enthuse analysts, most of whom have a “sell” rating on the stock despite the company posting 9% March-quarter growth.
On quarter on quarter basis, the company’s profit across businesses – zinc, aluminium, oil, power and iron ore were weak, primarily due to low LME prices.
Investors should consider accumulating the stock at the current level, given some of the triggers for the company, going ahead.
Daimler will be turning more of its focus towards India and China, as the German vehicle maker told shareholders at its annual general meeting.
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