Please Share:: 
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
UBS Investment Research
India Mid-Caps
Top Alpha IDEAS from our Corporate Day
Top management from 5 Top Alpha IDEAS
UBS India mid-caps research team hosted its first Top Alpha IDEAS day today in
Mumbai. We hosted top management from 5 companies - names which we like
rather than just an assimilation of corporates.
click on name for detail report
Jai Balaji & Monnet Ispat - Execution of expansion plans impressive
Both Jai Balaji (JBIL) and Monnet Ispat are undergoing major expansion, which
should aid them to monetise the value of the huge coal resources they have. Jai
Balaji has achieved financial closure of Purulia Phase 1A and coal mine
development is on track. Monnet Ispat indicated significant progress in physical
execution of their power plant and signing up of PPAs.
Tube Investment (TI), IGL & eClerx – impressive growth initiatives
TI remained confident on sustaining growth and margins, ahead of growth in enduser
industries. This is given their focus on new products initiatives (some of
which can lead to significant jump in revenues, in our view; not built into our
estimates). IGL outlined its growth strategy through focus on adding new stations,
network expansion and bidding for new areas. eClerx (unrated) outlined its growth
strategy by focusing on non-top 5 clients and potential inorganic route.
Tube Investment and Jai Balaji top picks
TI and JBIL remain top picks and are part our India Model Portfolio. In our view,
today’s meetings addressed investors concerns and we came away reassured on our
Buy thesis, especially amid recent backdrop of worsening macro and lower riskappetite
for mid-caps. We reiterate our Buy rating on Monnet Ispat and IGL, too.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
UBS Investment Research
India Mid-Caps
Top Alpha IDEAS from our Corporate Day
Top management from 5 Top Alpha IDEAS
UBS India mid-caps research team hosted its first Top Alpha IDEAS day today in
Mumbai. We hosted top management from 5 companies - names which we like
rather than just an assimilation of corporates.
click on name for detail report
Jai Balaji & Monnet Ispat - Execution of expansion plans impressive
Both Jai Balaji (JBIL) and Monnet Ispat are undergoing major expansion, which
should aid them to monetise the value of the huge coal resources they have. Jai
Balaji has achieved financial closure of Purulia Phase 1A and coal mine
development is on track. Monnet Ispat indicated significant progress in physical
execution of their power plant and signing up of PPAs.
Tube Investment (TI), IGL & eClerx – impressive growth initiatives
TI remained confident on sustaining growth and margins, ahead of growth in enduser
industries. This is given their focus on new products initiatives (some of
which can lead to significant jump in revenues, in our view; not built into our
estimates). IGL outlined its growth strategy through focus on adding new stations,
network expansion and bidding for new areas. eClerx (unrated) outlined its growth
strategy by focusing on non-top 5 clients and potential inorganic route.
Tube Investment and Jai Balaji top picks
TI and JBIL remain top picks and are part our India Model Portfolio. In our view,
today’s meetings addressed investors concerns and we came away reassured on our
Buy thesis, especially amid recent backdrop of worsening macro and lower riskappetite
for mid-caps. We reiterate our Buy rating on Monnet Ispat and IGL, too.
No comments:
Post a Comment