Devangshu Datta
Business Standard
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Past articles by Devangshu:
PSU outperformance over Nifty can continue; investors fear price downtrend
The last year has seen public sector undertakings (PSUs) outperforming the Nifty50, albeit by a small degree. But PSU valuations are still, on average, less than half of private sector peers at price-to-equity or PE 8.7x for the Nifty PSU Index versus 20.9x for the Nifty50. → Read More
After weak q3 show, concerns seem to be built into Indus Towers stock price
Telecom Sector: Discounted Cash Flow valuations estimates of analysts are between Rs 170-190 per share → Read More
Brighter prospects ahead for power sector stocks amid economic momentum
Power consumption is closely linked to economic activity and the data indicates that power consumption is likely to rise substantially through FY24 and also in Q4 of FY23. Power consumption in January 2023 rose by a huge 18.4 per cent year-on-year (YoY) and 6.2 per cent month-on-month (MoM), albeit on a low annual base (January 2022 was up only one per cent YoY). → Read More
Was the Chinese balloon indeed a spy at work or was it just hot air?
The so-called China spy balloon matter has caused a diplomatic crisis with the US Secretary of State pulling out of a scheduled high-level visit to Beijing, while the Chinese government has vowed to give an “appropriate response” to the downing of the balloon off the Atlantic coast. → Read More
Explained: Why the 'sponsorless' mutual funds could be a good idea
MF: Sebi's proposal may resolve conflict between regulations and lead to more investment and activity in the bond markets → Read More
Of metals and rare earths
There's an obvious need to diversify sources of rare earth minerals but, despite new finds in Sweden, China will remain the go-to supplier for the foreseeable future → Read More
2023 could be another strong yr for coal as demand may reach record levels
Coal India, companies with captive coal mines in steel, power and other sectors will be at an advantage → Read More
MFI recovery, credit cost moderation key triggers for Bandhan Bank
Stock has sharply underperformed peers and is available at reasonable levels → Read More
Maruti Suzuki's Q2 suggests a big bounce for auto sector stocks
Maruti Suzuki's revenue and net profit both were ahead of consensus estimates → Read More
JSW Steel: Lower costs, prices should boost margins in second-half of FY23
JSW Steel, the integrated steel major, reported moderate July-September quarter (Q2) results. But the market response was positive with the stock rising 3.6 per cent over two sessions (Monday and Tuesday), which suggests the street was expecting worse. The stock is up another 3.6 per cent Thursday. → Read More
Growth, moderate valuations positive for ICICI Prudential Life Insurance
Value of new business growth and margins remained strong in Q2 → Read More
Titan stock shines after Q2 update, addition of 105 stores in the quarter
The “pre-quarterly update” by Titan has been favourably received by the market. The company says standalone sales grew 18 per cent year-on-year (YoY) in Q2, 2022-23 and it also added 105 new stores in the quarter. Management guidance is that consumer sentiment appears positive going into the festive season. → Read More
Success of new launches, margin improvement to drive Eicher Motors
September volumes were better than estimates led by the new launch Hunter 350 → Read More
Valuations factor in multiple positives for Power Grid Corporation
Brokerages are positive given growth prospects, falling debt levels and high dividends → Read More
High EU gas costs, an opportunity for Indian chemical companies
Export ramp-up and import substitution are key triggers → Read More
Near-term profit woes for Hindalco's India biz amid high energy costs
Margin recovery expected in the second half of FY23 → Read More
Decoded: Why aviation industry is a tempting target for cyberattacks
Read more about Decoded: Why aviation industry is a tempting target for cyberattacks on Business Standard. Airlines and aviation systems need to secure customer data, and also data transmission to ground controls → Read More
Margin worries to persist for L&T over inflation, supply chain concerns
Read more about Margin worries to persist for L&T over inflation, supply chain concerns on Business Standard. While target prices indicate healthy upside, the stock has been an underperformer → Read More
ICICI Lombard General Insurance stock falls as Q4 show disappoints
Read more about ICICI Lombard General Insurance stock falls as Q4 show disappoints on Business Standard. Analysts though appear positive with their target prices indicating 22-25% upside → Read More
Tier-2 IT firms face sharper downgrades with clients likely to pare spends
Read more about Tier-2 IT firms face sharper downgrades with clients likely to pare spends on Business Standard. Margin pressure and valuation premium point to downside for stocks → Read More