WINDOWS OEM BUSINESS
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 41%
As the nifty and sensex continue to touch new highs with just minor corrective mode, it is bulls who are in control of every corner of the street. In such conditions, the decision to hold the current stocks is probably an easy one. The more difficult decision is which sectors and stocks which one should look at if one is investing fresh money at this point of time. For that rather look at what is happening to stock prices, look at what is happening in the underlying business. Because finally it is the real business which matters and in a bullish market sectors which are witnessing real positive change are likely to perform better. So look at stocks where analysts' outlook has improved over the last one month. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
Tailwinds are winning, beneficiaries of strong OEM & replacement demand from auto sector: 5 tyre stocks with upside potential of up to 38%
It is a well known fact that if demand is growing at a fast pace, higher input cost can be easily passed on to the consumer. That is probably what the tyre industry is going through currently. Recently there was an increase in natural rubber prices and fears were expressed that margins might come under pressure. But two things happened just recently, the natural rubber prices corrected and the whole of the tyre stocks witnessed a sharp rally. While the risk of headwind in terms of higher input cost stays, will the OEM and replacement demand act as tailwinds and continue to power the stocks.
Series AA 127- The EV transformation-Part 1: How a multibagger got fresh tailwinds & gave 22,334% return in the last 20 years
Excerpts from its annual report for 2017-18. ELECTRIC VEHICLES – THE NEW MARKET DISRUPTOR “We are anticipating the next market disruption through electric vehicles. We are closely reviewing and watching the situations and doing our ground level work. We are also mapping all of our existing products vis-à-vis EV to capitalise on the opportunities EV will throw at the component manufacturers, whether it is motors, batteries or any other system which will come into the electric vehicles, totally different from the conventional IC engine” Cut to August 2023, five years down the line, the company commissions two plants for making on-board charger, off-board charger, motor control Units, DCDC converters, battery management systems, and more products catering to EV 2-wheelers and 3-wheelers. Now this is a reflection of the speed at which an auto ancillary company needs to function and also the product range it needs to have if it has to stay relevant in the changing world of the auto Industry. Foresight, planning and timely execution is the key.
Series AA 127- The EV transformation - Part 1: How a multibagger got fresh tailwinds & gave 22,204% return in last 20 years
Below are the excerpts from its annual report of 2017-18. ELECTRIC VEHICLES – THE NEW MARKET DISRUPTOR | “We are anticipating the next market disruption through electric vehicles. We are closely reviewing and watching the situations and doing our ground level work. We are also mapping all of our existing products vis-à-vis EV to capitalise on the opportunities EV will throw at the component manufacturers, whether it is motors, batteries or any other system which will come into the electric vehicles, totally different from the conventional IC engine.” Cut to August 2023, five years down the line, the company commissions two plants for making on-board charger, off-board charger, motor control Units, DCDC converters, battery management systems, and more products catering to EV 2-wheelers and 3-wheelers. Now this is a reflection of the speed at which an auto ancillary company needs to function and also the product range it needs to have if it has to stay relevant in the changing world of the auto Industry. Foresight, planning and timely execution is the key.
AA 127-(3 to 89,652): A set of stocks from which multibagger and IBC cases are likely to emerge due to EV transformation
Thinking about the odd headline? Wait, it is the best possible way to put what a series of research-based analytical stories will cover after two weeks from now. A Sunday deep dive of companies that have either been transformed due to EV space or are in the process of changing themselves or will go down under because they are just not relevant in the new age of EV. AA stands for auto ancillary, 127 is the number of listed auto ancillary companies, 3 stands Rs three crores which is the lowest market cap of a company and Rs 89,652 is the biggest market cap of the company in this industry. Now why the auto ancillary sector will throw multibagger stocks and insolvency cases is simple. The whole auto industry is going through a fundamental shift. A shift which will make some components irrelevant and hence some companies will have existential threats. Some of which will grow much faster. This transformation will get another leg when Tesla comes to India and a new ecosystem of auto ancillary gets built.
Beneficiaries of strong OEM and replacement demand from auto sector: 5 tyre stocks with upside potential of up to 34%
Like every other agro commodity in the world, even the price of natural rubber has seen a spike in the last one year. But given the fact that if demand is growing at a fast pace, higher input cost can be easily passed on to the consumer. That is probably what the tyre industry is going through currently. Despite the fact that natural rubber prices have moved up still the companies have been able to deliver bottomline growth and expansion in margins in the last two quarters. The question is whether the lag effect of rising raw material prices impact the performance of Q4 and subsequent ones or if OEM and replacement demand continue to act as tailwinds?
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Stock picks of the week: 4 stocks with consistent score improvement and upside potential of up to 38 %
After remaining under pressure for the first three weeks of March, there was some recovery at least in the broader market indices in the last two trading sessions of FY 24. It might be too early to call it a recovery, because if one looks at the market breadth, while it was positive, the way it cracked in the last one hour of trade indicates that a part of the market is still very much witnessing profit booking. So, it would be worthwhile to get more confirmation about bulls getting back to different corners of the street. In such times, it would be better to stay with stocks where there has been improvement in score due to one or the other reason. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 37%
In the last two months, there have been phases where the nifty has witnessed a short correction which lasted for anywhere between two to four days. The only difference is that unlike the past when such correction took place, this time when corrections are taking place mid-cap segment also participated. This is indicative of profit booking happening at the broader market level. At this point of time, one cannot rule out volatility which can bring more damage to stock prices in the mid-cap segment. In such times, if one is taking fresh exposure to equity, ensure that there is some level of quality as far as the business and fundamentals are concerned. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
Nifty IT index stocks: Is the sector new bellwether for consumption and economy?
Most of the investors look at IT stock on a standalone basis as companies for bottomline line. Now let's look at it from the perspective, an economy where the biggest export is software services, shouldn't one be watchful when that sector says growth will moderate and there are layoffs in the sector. So if there is a slowdown in the IT sector there is a high probability that other sectors of the economy may also face pressure, specifically the ones where there is a high element of discretionary consumption. Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores.
Can IT stocks stand up to the bears and save Nifty?
Despite the fact in the last one year, only negative things have been said about IT companies, look at their stocks performance. Except one large IT stock which had been a perennial under performer, most of the other IT stocks are not very far from the highs they had touched almost two years back. Infact relative performance of some IT is far better than many of the stocks and sectors which have been headlines. While it might be contrarian buy, there is high probability that IT stocks perform better than most in bearish market conditions. Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores.
Nifty IT index stocks: Is the worst behind them, time to be contrarian?
While IT stocks have been underperforming the broader market for more than a year. But if one looks at the reaction of the street to the Q2 numbers of the TCS, Infy and HCL tech, it is clear that the secular bearish outlook which the analysts have been having for this sector might change soon. For the last one year, If one looks at the recommendations of analysts, it appears that all of sudden they are finding everything wrong with IT stocks. It might be time to be contrarian. Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores.
Nifty IT index stocks: Will announcement of Q2 earnings mark the end of bad times for them?
While IT stocks have been underperforming the broader market for more than a year, But at this point of time as second quarter results start to pour in, they witnessed another round of sharp correction. This was in the backdrop of some of the US IT services companies indicating that the operating environment is tough at this point of time. But sometimes, even the management are caught on the wrong foot, like in early 2021 when they went on a hiring spree only to reverse in less than two years. Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores.
Nifty IT index stocks: Will weakness in rupee bring some tailwinds?
Given the high institutional holding, IT stocks tend to have a very strong and long phase of directional movement. After remaining under pressure for a long time, IT stocks had seen an up move post TCS results. After this brief phase of upward movement, these stocks once again came under pressure after the guidance by Infy as they had been doing in the past two quarters.Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores.
Nifty IT index stocks: Is this the time to be contrarian?
In August 2021, one sector which had “ buy and strong buy” written all over it was IT or more commonly called software sector. Today, a number of them have “hold” recommendations by analysts. In case of stocks where they have buy recommendations their price targets are very modest, or in a number of cases analysts are expecting that the valuations of IT stock are still high and there is room for further decline in prices, Though they have refrained from giving “ sell” recommendations. Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores.
Nifty IT index stocks: Has the worst been priced in?
In the case of IT stocks is that while the analysts have “buy” and “ hold” recommendations on a large number of them, however their price targets are clearly either very modest, or in a number of cases analysts are expecting that the valuations of IT stock are still high and there is room for further decline in prices. Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores.
Nifty IT index stocks: Has the worst been priced in?
In the case of IT stocks is that while the analysts have “buy” recommendations on a large number of them, however their price targets are clearly either very modest, or in a number of cases analysts are expecting that the valuations of IT stock are still high and there is room for further decline in prices. Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores.
Nifty IT under pressure! Is it the aftermath of Infosys' disappointing Q1 or are headwinds for real?
It was after almost six quarters that quarterly results of TCS were able to help in improving the sentiment toward the IT stocks. But that was short lived as the result and guidance of Infy reversed the sentiment toward bears. But is the worst over or it is still to continue. Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores.
Nifty IT index: Will analysts be forced to smell the coffee by the street
The Nifty IT index is probably the only sectoral index which has not formed a new high in recent weeks. The reason, it is one sector where analysts are least bullish in terms of expecting any upside over the next 12 months. However, the way stocks have moved in the last few days, it is clear that analysts were caught on the wrong foot. Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores.
Is the worst over for IT? 5 software stocks with an upside potential of up to 16%
Are analysts more pessimistic than what they should have been in the case of software services . Will the headwinds which are more in terms of expectation than business headwinds disappear sooner than later.
For risk takers: 4 smallcap stocks from different sectors with upside potential of up to 26%
As Nifty forms a new high, more small cap stocks join the party. Right from a contracting company to a garment exporter are making to the list. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists stocks which fulfill the various criteria as specified into the algorithms & filters to find those which might help navigate the stock market.
Nifty IT index: Has the time to be contrarian come?
The Nifty IT index is probably the only sectoral index which has not formed a new high in recent weeks. The reason, it is one sector where analysts are least bullish in terms of expecting any upside over the next 12 months. Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores.
Nifty IT index: Root cause of under performance, divergence in recos and price targets
The Nifty IT index is probably the only sectoral index which has not formed a new high in recent weeks. The reason, it is one sector where analysts are least bullish in terms of expecting any upside over the next 12 months. Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores.
Nifty IT index stocks: Divergent recos and price targets, only one can be right
After a few weeks of upward movement, some of the IT stocks are once again witnessing pressure. Is the start of another round of fresh delivery based selling or it is another round of readjustment which the IT sector has been going through globally. Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores.
Attempting a comeback: 4 software stocks with 'buy' rating and an upside potential of up to 21%
After being in the front leading the stock market rally during covid, software stocks have been witnessing correction in their valuations for more than a year. But in the last few weeks, they have been witnessing some positive reaction whenever there is any news related to their earnings or any sectoral developments.
Nifty IT index stocks: Divergence in recommendation and price targets creating confusion
After a few weeks of upward movement, some of the IT stocks are once again witnessing pressure. Is the start of another round of fresh delivery based selling. Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores.
Attempting a comeback! 3 software stocks with 'Buy' ratings and upside potential of up to 34%
After being in the front leading the stock market rally during covid, software stocks have been witnessing correction in their valuations for more than a year. But in the last few weeks, they have been witnessing some positive reaction whenever there is any news related to their earnings or any sectoral developments. The companies in the list are covered by a minimum count of 2 analysts. The list is based on upside estimated by the analysts, with the highest potential stock coming on the top of the list.
Bias is back towards 'Buy' for Nifty IT index stocks; will analysts be proven right?
After underperforming the markets for more than nine months, some of the IT stocks are witnessing increased activity. Will they sustain or it is just another dead cat bounce. Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores.
Nifty IT index stocks: Hold recommendations galore; will analysts be right?
Gone are the days, when a single company was considered a bellwether for IT sector stock. Today, whether it is a large or mid sized company, all have different focus areas and hence their quarterly results tend to differ from one another. Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores.
CCI's order opens Play Store door to PhonePe's Indus app
IndusOS, one of the few operating systems of Indian origin, started in 2013 with an emphasis on Indian languages. Prior to the Chinese invasion of the smartphone market, IndusOS powered over 100 smartphones from brands like Micromax, Celkon, Karbonn, Swipe, and Intex, among others.
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