R. Sree Ram, Livemint

R. Sree Ram

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Past articles by R.:

Accenture’s robust order wins underpin the optimism in IT stocks

Orders in the outsourcing segment grew 10% to $7.5 billion, the highest in recent quarters.The book-to-bill ratio is at 1.3 times, the highest in 25 quarters, points out Jefferies India Pvt. Ltd → Read More

Airtel, Vodafone Idea feel the heat of Jio’s new postpaid plans

Bharti Airtel Ltd and Vodafone Idea Ltd lost 5-6% in Wednesday trade after Reliance Jio Infocomm Ltd announced new tariff plans for postpaid customers.Vodafone Idea and Airtel together have a lion's share of postpaid subscribers in India-71% in FY20 data compiled by Jefferies India Pvt. Ltd show → Read More

New acquisition strengthens HCL Technologies in APAC but lacks zing

DWS provides HCL linear growth opportunities such as geographical, client reach and cross selling venues, but the acquisition lacks the excitement that new age technology companies offer → Read More

Kia’s Sonet heats up competition in compact SUV; car demand to cushion Maruti

Sonet competes with Maruti Suzuki India’s Brezza, Hyundai Motor India’s Venue, Mahindra & Mahindra’s (M&M) XUV300, Ford Ecosport, and Tata Motors’ Nexon → Read More

Smaller trucks to keep sales humming for Ashok Leyland till MHCV recovery

MHCV sales dropped 52% last month, though the pace of fall moderated from earlier months. Still, the stock is down just 12% from its pre covid-19 highs in January. → Read More

HCL Tech’s better Q2 guidance reflects strong undercurrents in technology spends

While HCL’s valuation discount to its larger peers TCS and Infosys is also aiding gains, the commentary is also lifting the shares of other IT companies → Read More

Covid-19, cyclone Amphan batter CESC, subsidiaries hold out hope

With the government easing restrictions and industry, commercial activities resuming, the mainstay Kolkata electricity distribution business can improve in the current quarter → Read More

Happiest Minds IPO is in a state of bliss, thanks to retail frenzy for shares

The number of demat accounts has risen sharply, signifying that more retail investors are trying their hand at direct investing.The high levels of interest in the Happiest Minds further confirms this trend, and in fact raises questions if the retail frenzy is near its peak → Read More

AGR ruling gives Vodafone Idea a shot at survival; but painful journey ahead

It’s clear that Vodafone Idea will need a healthy dose of equity infusion as well as tariff hikes to continue as a going concern. It will also need some help from the government in terms of a further deferment of spectrum liabilities → Read More

Why Bharti Infratel, Indus Towers are sticking their neck out before AGR verdict

Analysts add Infratel is hedging its bet in case of an adverse outcome in the AGR ruling. The payment to Vodafone Idea is contingent on security deposit by Vodafone Idea and a corporate guarantee by one of its promoter, Vodafone Plc → Read More

Talk of GST rate cut fuels two-wheeler stocks, Hero MotoCorp hits new high

A cut in tax rates from the present 28% can bring down prices of two-wheelers, which in turn would boost sales, especially in the price-sensitive entry level and economy segments. If approved by states, it will aid demand recovery → Read More

Liquidity boost gives a fresh lease of life to NTPC, Power Grid stocks

The firms’ liquidity situation had tightened after receivables from discoms spiked.As states availed govt’s liquidity support scheme, outstanding dues dropped for the firms → Read More

Tata Power’s transformation agenda awaits market, competition tests

Tata Power is aiming to scale up sundry businesses to move away from legacy business.The transformation agenda is cheering investors, but many doubt if Tata Power can scale up renewable energy business in a time-bound manner and that, too, at remunerative tariffs → Read More

Resurgent farm sector keeps up volume momentum for Balkrishna Industries

The management expects demand from the agriculture sector to make up for the softness in the industrial tyre segment and help the company end the current fiscal with flat volumes → Read More

Resilient June quarter and demand recovery lights up NTPC

With states such as Andhra Pradesh and Uttar Pradesh releasing payments, discom dues eased from the March quarter. The dues dropped from ₹16,700 crore at the end of March to ₹14,500 crore now → Read More

Eicher Motors: Weak Q1 and volume ramp-up concerns override demand prospects

The company has an order backlog of around 40,000 units. Weighing on the sentiments are continuing restrictions in urban areas, a large addressable market, and local lockdowns which are hampering sales, production ramp-up → Read More

Low sales bite Hero MotoCorp in Q1 but volume recovery holds out hope

Hero MotoCorp reported an operating profit of ₹108 crore despite a steep fall in sales in the June quarter.Realizations per vehicle improved from the earlier quarters, reflecting the benefits of BS-VI emission transition led price hikes. → Read More

Bharat Forge investors exude optimism as businesses show signs of stabilising

It expects domestic business revenue to stabilise in July-September, after contracting for five consecutive quarters till June this year. The company expects market share gains and incremental demand improvement in other segments → Read More

Automobile sales recovery at risk as covid-19 spreads in non-metros

Auto dealerships saw a weakening of footfalls and enquiries at showrooms, says Investec Capital Services based on analyst interactions.Google searches for top car and two-wheeler models have been flat since first week of June, according to an analysis by a Jefferies India → Read More

HCL Technologies’ Q1 results show Infosys likely to be an outlier in FY21

Revenues in dollar terms dropped 7.4% at HCL sequentially in the June quarter, even higher than the 7.1% drop at TCS. Infosys had reported a 2.4% decline in dollar revenue. But margins were better-than-expected → Read More