Our equity analysts look at the fourth quarter earnings of select stocks in the Energy, Financial Services, Cement and the Consumer Defensive space.
ITC
We await an uptick in cigarette volumes for stock price to meet our fair value estimate.
Dabur
We believe the India consumer business will continue to be the main driving force behind growth.
HUL
Shares unattractively priced, with dividend yield of under 2% at current prices.
Marico
Fiscal 2015 revenue growth of 22% and earnings growth of 18% were in line with our revised forecast.
Godrej
Higher margins, slower growth than anticipated for fiscal 2015.
Cairn India
Cairn's shares are undervalued owing to two regulatory uncertainties.
Financial Services
We look at the quarterly earnings of IDFC, Axis Bank, HDFC Bank and ICICI Bank.
Cement stocks
Ultratech delivers robust fourth-quarter profits, Shree Cement's results are more subdued. Fair value of both remain unchanged.
