Live stock market tips: Margin pressure on account of raw material prices
while this quarter is certainly disappointing, the brokerage firm believes the setback is temporary, because the margin pressure on account of raw material prices will dissipate in the coming quarters, and secondly the drivers for recovery are in place. Motilal Oswal expects financials to drive Q3 earnings, with corporate banks leading from the front. PSU Banks are also likely to deliver a healthy performance, aided by treasury marked-to-market gains and improving asset quality trends.
Capital Goods will have another healthy quarter and IT is likely to post the fourth straight quarter of double-digit profit growth. NBFC might face a significant deceleration in profit growth but still post a respectable double-digit numberMotilal Oswal maintains a buy rating on Container Corporation of India. It sees its net profit growing 129 percent YoY to Rs 322 crore. Net sales are expected to grow by Rs 1,600 crore led by volume growth of 13 percent YoY. Realisation is expected to remain flat QoQ.
The domestic brokerage firm expects EXIM realisations to improve 4 percent YoY and domestic realisation to remain flat YoY, resulting in a net realisation increase of 4 percent YoY. The stock trades at 22.7x/19.8x FY19E/20E P/E and FY19E/20E EV/EBITDA of 15.7x/13.6x.Kotak Institutional Equities sees net profit growing 258 percent YoY to Rs 9.2 crore for Timken India. It expects revenues to increase 47 percent YoY led by (1) acquisition of ABC Bearings and (2) 24 percent growth in core business led partly by a low base in export segments and strong growth in aftermarket and industrial segments.Kotak Institutional Equities expects Canara Bank to report nearly 162 percent YoY rise in the net profit for the quarter ended December to Rs 330 crore.
The brokerage firm expects 13 percent YoY loan growth and 20 bps YoY net interest margin (NIM) improvement (lower income derecognition), leading to 15 percent YoY net interest income (NII) growth
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