Compass

Realty stocks could see more gains while banking and NBFCs may witness a relief rally

Capex cut, focus on profitability, healthy balance sheet should help overcome medium-term hurdles

Most sector PSUs ended FY23 with strong order books

Increased competition, lower spreads, moderate growth are among hurdles to overcome

While discounts have come down, pricing gap still large between incumbents and new players

The company is likely to push iron ore capacity up, from the current rated 50 MTPA to 70 MTPA, which would leave it well-placed to meet demand in the next up cycle

Taxation proposals, lower volumes may weigh on near term prospects

Even as the top line performance exceeded estimates, the company's margin performance was disappointing

Margins for state-owned firm that specialises in missiles would be range bound given higher raw material costs

NMDC's formal demerger of the steel plant may be followed by an initial public offering, or the government could look for a stake sale

Several brokerages bullish on the stock with target prices ranging between Rs 330 and Rs 700

Despite the price hikes, margins continued to be under pressure in the quarter

Ball-bearing maker expects gains on margin front in the second half of FY23

Export growth is expected to remain strong in the current financial year, given the stable truck demand from the US and EU markets

The low margin syringes business was impacted by supply chain challenges and shutdown of two manufacturing lines in the domestic market

Firm's high-margin jewellery Q1 sales were comparable to pre-Covid-19 levels

One key question is, has the market already discounted the negatives and is there too much pessimism about the sector?

Most analysts are positive on the popular segment sale and premiumisation focus

Analysts though appear positive with their target prices indicating 22-25% upside

Double-digit growth and improving profitability to drive earnings in FY23