India is going to enter double digit earnings growth after a long time: IIFL

After India Inc posted better than expected returns in the second quarter, Abhimanyu Sofat of IIFL says that the earnings momentum is likely to be better in the coming quarters. In an interview to ET Now, Abhimanyu Sofat ,VP- Research, IIFL said, “After a long time, we are going to hit double digit earnings growth. We look quite optimistic about the future in terms of earning momentum where the consumer cycle also improves with the shift from the unorganised to organised as well.”

The expert points out that a lot of companies’ profits were had taken a hit after demonetisation last year. “Post demonetisation, margins had taken a hit with lots of losses for companies across sectors. There is likely to be an expansion in the margins going forward and with the capex cycle showing early signs of reviving, earnings growth should come probably this year,” Abhimanyu Sofat explained.

Taking stock of earnings reported by India Inc in the quarter gone by, research firm Motilal Oswal says that it was a ‘breath of fresh air,’ as most of the corporates have beaten street estimates. In an interview to CNBC TV18, Gautam Duggad of Motilal Oswal Securities said, “The earnings have come as breath of fresh air and one can look forward to better earnings due to base effect and disruptions behind us.” On similar lines, Jonathan Garner of Morgan Stanley said, “We are cyclically at the beginning of an upswing in activity and in credit growth and therefore in corporate earnings. So look at corporate earnings growth. We should be getting at least high teens year-on-year (Y-o-Y) earnings growth for the next two years running.”

While many market experts say that there could be rebound in the pharma sector, Abhimanyu Sofat said that concerns regarding pricing continue to loom in the space. The basic concern with the overall pharmaceutical sector has been what is happening in the US in terms of pricing and we still are not seeing any signs of abatement of reduction of pricing on the generic side,” he said in the same interview.

 

Source: FinancialExpress

Honda CR-V | Comprehensive Review

Honda Crv Price in India

 

The Honda CR-V has already seen two generations in India. The concept of a comfortable roundabout vehicle (CR-V) first came into production in 1995 when the first generation Honda CR-V hit the roads in Japan. The second generation model made its way into India in 2003 and since then this vehicle has developed quite a fan following. Right from the beginning, the Honda CR-V has never set the sales chart on fire but there is no denying what a fantastic vehicle it is. Now Honda aims to make a good car even better by offering the next generation CR-V in India. Will the fourth generation make waves again? We find out around the beautiful country roads of Rajasthan.

 

EXTERIORS AND DESIGN

 

The 2017 CR-V will have sharper looks though it will follow the same design language. It will get elongated projector headlamps with LED DRLs on at the bottom. The center will have a twin slats on its honeycomb grille with a lower lip in chrome. The bumpers will be redesigned and it will also get new fog lamp bezels . The lower part of the vehicle has back cladding with silver coloured scuff plates.

 

This also extends to the wheels arches and to the rear. It also gets six spoke alloy wheels which add to the sportiness. There are turn indicators on the ORVMs. The rear portion has typical CR-V style taillamps that extend on to the c-pillar, with the lower portion overlapping on the boot lid. The rear door will be much larger than the existing car, to allow easy access to the third row passengers. There will be a twin exhaust on the rear bumper, which is first for the CR-V.

 

INTERIORS AND COMFORT

 

Carrying forward the trned of offering one of the best premium interiors, the new Honda CRV packs in a combination of premiumness and luxury at one go. With the change in exterior dimensions even the interior cabin space has been changed in order to make the vehicle feel more spacious and roomy.Inside the cabin, the dual tone Sienna Beige interiors make it look plush and fresh. The new CRV offers a One Motion Drive Down Rear seats with a 60:40 split ratio. With the new arrangement, the rear cargo space has been increased and also approaching the cargo space has got a lot more convenient. The seats descend on the actuation of small levers located near the tailgate.

 

It has a 5-inch “intelligent” Multi-Information Display (i-MID) which can be operated via a button on the steering wheel. The display shows necessary information like fuel range, fuel consumption etc. It also acts as a display for the rear parking camera. It has a fantastic resolution and even in dark conditions the display remains good. This screen can be customized with wallpaper.On the 2.4ATwith AVN (Audio Video Navigation) there is a 6.1” touch screen system with a built in Navigation system. It is very easy and convenient to use and was very helpful in scouting our way back from the review drive. This screen also displays Ipod Connectivity, USB option, Blue Tooth and also doubles up as the rear camera display.

 

The instrument cluster also has a 3D effect with all the displays arranged in a sporty pattern. There is an eco drive display on the speedometer. There is a change in the light display from (Green to White) to alert the driver about the economical ways to drive. This is a very helpful feature. In comfort, the new CRV fairs well as the headroom space have been increased and so is the legroom. Even for the rear passengers, the cabin is very roomy and functional.

 

ENGINE AND PERFORMANCE

 

This series is one of the stylish SUV in the Indian car market, which is available in two petrol engine options for the buyers to choose from. The 2.0-litre, In-line power plant comes with a displacement capacity of 1997cc. It is integrated with four cylinders and 16 valves using a single overhead camshaft based valve configuration. This engine can churn out 153.9bhp of maximum power output at 6500rpm in combination with 190Nm of peak torque at 4300rpm. The engine of 2WD MT variant is coupled with a six speed manual transmission gear box. While its 2WD AT trim gets a five speed automatic transmission gear box, which sends the engine power to its front wheels. On the other hand, the 2.4-litre i-VTEC petrol motor comes with a displacement capacity of 2354cc. It is incorporated with 4-cylinders and 16-valves using a double overhead camshaft based valve system. It is skilfully paired with a five speed automatic transmission gear box and it comes with four wheel drive system. This power plant has the capacity of producing 187.4bhp of power at 7000rpm along with a torque output of 226Nm at 4400rpm. Both these engines are incorporated with a programmed fuel injection supply system that helps in generating a decent mileage.Both the petrol engine of this vehicle are integrated with a programmed fuel injection system, which enhances its efficiency. The 2.0 litre i-VTEC petrol mill can deliver a mileage of 13.7 Kmpl on expressways and gives around 10.9 Kmpl within the city. While other mill has the ability to return 12 Kmpl on bigger roads, which comes down to 9.8 Kmpl approximately when driven within the city limits.

 

RIDE AND HANDLING

 

Driving the manual 2.0L MT was a delight. The crisp ride and handling paired with the error free transmission is a pleasure. On every shift, the performance kept on getting better. Even the steering wheel is very precise in feedback. Despite the fact that the new model comes with an increased height while driving there is no body roll at all. Even maneuvering this SUV is a more sedan like experience. The rear parking is a true help as the resolution is very strong so the display is not pixilated unlike some competition models.This one is not a strong off roader but then it manages to gulp in off road decently. The Honda CR-V customer is not one of those who will throw this SUV on sand dunes or challenging surfaces but instead choose it for a leisure weekend trip. The front suspension setup is MacPherson Struts while the rear is a Double Wishbone suspension.

Book a Test Drive for Honda Crv

 

BRAKING AND SAFETY

 

In the CR-V, you will see high class braking and safety features that assure impressive safety on road for car users. The braking features include anti-lock braking system, EBD, power door locks and central locking. Apart from these braking capabilities, it houses a passenger airbag and a driver airbag for superior safety. It is equipped with side front and rear airbags, rear seat belts, halogen headlamps, crash sensor, adjustable seats and engine immobilizer.

 

CONCLUSSION

 

The new Honda CR-V is likely to miss a diesel engine in its range, but it has enough to keep Honda fans happy. The new model is likely to be launched in the coming weeks and it will be offered in two trim levels each for the two-litre and the 2.4-litre engines. The former will have one variant each of the automatic and manual gearboxes and the latter will have two AT variants, with the top trim variant sporting the navigation, sunroof features Unlike the previous generations, the new CR-V will be assembled locally and that is really good news for the SUV’s fans in India. We can expect prices to be more competitive, while the equipment levels are already a notch up over the previous generations’. A couple of variants at a sub-18 lakh price point will be just fine, but we’ll have to wait to find out what Honda India’s sticker prices are going to be.

 

Honda CRV Ex Showroom Price in New Delhi ranges from 21,53,676/- (CRV 2.0L MT Petrol) to  25,47,400/- (CRV 2.4L AT Petrol) .Honda CRV has 3 Variants of Petrol are available in India. Honda CRV comes in 5 colours, namely Carnelian Red Pearl,White Orchid Pearl,Golden Brown Mettalic,Alabaster Silver Metallic,Urban Titanium Mettalic.

Calculate EMI for Honda Crv

See mobile trading booming in future: Tradejini.com

J Kishore Kumar, MD, Tradejini.com says discount broking has helped increase penetration in the market. Moreover, government’s programmes like Digital India, Jan-Dhan Yojana will help further penetration into rural India.

Tradejini.com has broken the traditional barrier of percentage brokerage and instead empowers the trader to be self-dependent with the power of the Internet or mobile. It charges Rs 20 per executed order irrespective of the transaction value.

According to him mobile trading will be the medium of future for retail investors and with further penetration he envisages an explosion in growth of clients.

As on date there are 24 million Demat accounts in India and excluding multiple accounts held by clients, it would be around 17-18 million. Annually two million accounts are added. However, if we compare it to China, which has added 40 million accounts in one year there is tremendous opportunity for growth, says Kumar in an interview to CNBC-TV18.

The company so far has seen a 100 percent growth year-on-year and expect to maintain this growth rate for the next 3-4 years, says Kumar. He expects to post a Rs 2 crore bottomline this year.

Talking about market levels, Kumar says Nifty is likely to consolidated between 8300 and 8800 in the short-term before making new highs.

The market is already in a multiyear bull market since 2013 and currently is going through a time correction, he adds.

Stock specific, the house is bullish on Reliance Industries.

 

Source: MoneyControl

Rain Industries hits record high, zooms 10% as Motilal Oswal ups target post Q2 nos

Cement, calcined petroleum coke and specialty chemicals maker Rain Industries share price touched a fresh record high of Rs 373.90, rising as much as 10 percent on Thursday post stellar earnings performance.

With maintaining buy call on the stock, Motilal Oswal said it has raised target price to Rs 492 (from Rs 362 per share) following increase in EBITDA (earnings before interest, tax, depreciation and amortisation) estimates and carbon margins.

It has raised estimates for carbon margins from USD 100 per tonne to USD 120 per tonne. As a result, consolidated EBITDA has increased by 17/22/21 percent for CY17/CY18/CY19, it added.

Rain Industries reported very strong earnings growth, driven by structural changes in market dynamics for its carbon business. Consolidated EBITDA increased 49 percent YoY to Rs 673 crore, beating Motilal Oswal’s estimate of Rs 500 crore by a wide margin, due to both stronger margins (USD 118 per tonne versus estimate of USD 85 per tonne) and volumes (475kt versus estimate of 425kt CPC volumes) in the carbon business.

Chemical division was affected by fire at one of its plant in Europe, seasonally low demand and higher input prices. Despite lower prices, margins in the cement business improved due to the benefit of waste heat recovery and operational improvements.

Profit during the quarter grew by 93.3 percent year-on-year to Rs 253.4 crore and revenue increased 36.5 percent to Rs 3,050.8 crore.

Motilal Oswal said the market is now facing shortage of calcined petroleum coke (CPC), while the GPC (green petroleum coke – the key input) market is not as tight. Further, Rain has invested in desulfurisation plants and mixers, which allow it to use higher sulfur GPC relative to competitors.

Therefore, the research house believes CPC margins for Rain will settle at a higher level than the USD 120 per tonne achieved in 2011. “We are raising estimates for CPC volumes by 3/8/2 percent for CY17/CY18/CY19,” it said.

Similarly, the brokerage firm expects coal tar pitch margins to benefit from supply-side correction in its key market and additional demand from aluminum production ramp-up in North America and graphite industry.

As the 200kt pet tar distillation expansion project in Europe is on track, we are raising volumes by 9 percent to 700kt for CY19,” Motilal Oswal said.

At 10:06 hours IST, the stock price was quoting at Rs 367.00, up Rs 27.05, or 7.96 percent on the BSE.

 

Source: MoneyControl