Research Reports

Asian Paints - Strong strokes in Q4, but challenges ahead

Asian Paints - Strong strokes in Q4, but challenges ahead

Increase in raw material costs and business impact due to lock down bear watching

Sharekhan: Investors Eye - Report on UltraTech Cement

Sharekhan: Investors Eye - Report on UltraTech Cement

Recommendation: Hold

Is fiscal policy reaching limits?

Is fiscal policy reaching limits?

Sharekhan: Investors Eye - Report on HDFC Bank and Unichem Lab

Price target – Rs1,680

Housing push: On-the-ground checks

'India Market Strategy – Housing push : On-the-ground checks', report by Gautam Chhaochharia, Head of India Research, UBS Securities India

Economy Q4 numbers to exhibit improvement

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IRB InvIT Fund: IPO Presentation

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Edelweiss' review of Kotak Mahindra Bank's earnings

(KMB IN, INR 917, Hold)

IDFC Securities’ analysis of Mahindra Finance’ Q4 earnings

· MMFS reported PAT of Rs2.3bn lower than our estimate of Rs3.3bn as the company reversed Rs1.1bn of revaluation credit it had taken in 1Q The revers

Welspun India's Q4 earnings' review by Edelweiss Finance

Welspun India’s (WLSI) Q4FY17 revenue, at INR17.6bn, jumped a commendable 9% YoY and 17% QoQ (14% above estimate). On like-to-like basis (excluding

Persistent Systems at inflection point; outlook robust

Persistent Systems’ (Persistent) Q4FY17 revenue fell 0.9% versus Street’s 1.5% growth estimate led by seasonal weakness in the alliance business.

Edelweiss Research recommends Hold on Rallis India

Rallis India’s (Rallis) INR3.5bn revenue in Q4FY17 fell 1% YoY (net of excise) and came 9% below estimate; however, for FY17, it jumped 10% YoY. Tho

BMR Advisors' report on India's economic performance and business imperatives

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Analysis Beyond Consensus GST: Get Set Go

In the run-up towards last leg of GST implementation, our recent interactions with companies and trade channels suggest: a) significant slowdown in pa

sector update Real Estate: Decoding the GST impact

From July 1, uniform GST rate would be applicable to all real estate developments & transactions. We expect GST to be positive for the sector with pro

GLOBAL ECONOMY WATCH How does uncertainty impact economic activity?

Since the financial crisis, uncertainty has been a theme that has kept most businesses busy. CEOs have responded in different ways; from buying insura

Has demonetisation led to higher digital payments?

A report on ‘Digital Payments post demonetisation’ by Motilal Oswal Securities on:

SBI Ecowrap - CPI inflation to be below 2%

As expected consumer price inflation breached the 2.5% mark to come in at 2.18% in May’17. This decline in CPI was primarily due to decline in price

Motilal Oswal report: Is labour losing the battle against capital?

According to the annual survey of industries (ASI) for 2014-15 released a few months ago, labor employment has increased at an average of ~2% over the

SBI Industry Wrap: Ports, the unchartered territory

The Industry wrap report from State Bank of India on ports.

SBI Ecowrap: GDP slowdown is before or after demonetisation?

SBI Ecowrap: GDP slowdown is pre or post demonetisation?

Ind-Ra: Corporate deleveraging to remain slow

Corporate Deleveraging to Remain Slow; Impact of Rising Commodity Prices to Vary

Motilal Oswal: Why real GDP growth could be about 6% in 4QFY17?

Why real GDP growth could be about 6% in 4QFY17? -

SBI Ecoflash on GDP numbers on May 31

SBI Ecoflash on GDP numbers on May 31

SBI Ecowrap: New IIP Estimates

SBI Ecowrap: New IIP Estimates

UBS India Focus report

Meeting with the Government – reforms are key

Equirus update note on Rural Electrification Corporation

Edelweiss sector update on Construction - Railways: Capex gathering steam

That Indian Railways (IR) is in the midst of a humongous capex surge (INR8.56tn investment plan over 2015-19, 1.9x 2000-15) is well known. What, howev

Edelweiss Fin: IIP - New series: A marked improvement

The new IIP series (2011-12), launched today, is a marked improvement over the old series in terms of representativeness of the items basket as well a

SBI Ecowrap - CPI to stay below 3% for next couple of months

Oil & Gas PRO: Sector at a Glance – India Ratings May 2017 Issue

Ind-Ra-New Delhi-12 May 2017: India Ratings and Research has published the first edition of its credit news digest on India’s oil and gas sector.

Edelweiss report on Gujarat Pipavav Port results

Cost rationalisation continues to bear fruits; brokerage continues to maintain Buy

Sharekhan's monthly report on stock fundamentals and market technicals

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ICAI issues exposure draft on clarifications to Ind AS115

The Ministry of Corporate Affairs (MCA), through its notification dated 16 February 2015, issued 39 Indian Accounting Standards (Ind AS), which are co

Review of Shopper's Stop's Q4 earnings by Edelweiss

Shoppers Stop’s (SSL) Q4FY17 revenue belied expectation on account of stores being non-functional due to a few malls going under renovation.

FY18 Credit Outlook Reports

Read India Ratings' select compendium on sector credit outlooks for FY 18

French election result: Macron wins, but can he deliver?

There were no surprises as French voters elected Emmanuel Macron as their new president after the second round of voting. Here, Franklin Templeton’s

Edelweiss report on GST

In our continued efforts to deconstruct GST and its impact along with the metamorphosis to formal economy, our recent interactions with tax experts an

India Ratings market wire on steel sector

The volatility in input cost, mainly coking coal prices is likely to keep the steel sector spreads (difference between price and raw material cost) un