ICRA has revised the industry outlook for NBFC-IFCs to ‘positive’ from ‘stable’, reflecting its expectation that the enhanced performance witnessed in FY23 will continue in FY24 as well

Infra finance NBFCs to grow 10-12% in FY24, ICRA revises outlook to positive

The long-term demand prospects remain positive given the government’s thrust on the affordable housing and infrastructure segments, ICRA said

Star Cement soars 11%, nears 52-week high on heavy volumes

ICRA Rating agency cites sector’s improved solvency profile, loan book growth and earnings

ICRA upgrades outlook on infra finance firms to ‘positive’ from ‘stable’

Icra on Wednesday revised its outlook for domestic steel demand to 7-8 per cent for the next fiscal.

Icra revises outlook for domestic steel demand to 7-8% for next fiscal

“With the central government’s capex outlay in FY2024, Icra has revised upwards its steel consumption growth estimate for FY2024 to 7-8 per cent from 6-7 per cent,” it said in a report. In 2023-24, the capital expenditure is budgeted at Rs 10 lakh crore which will constitute 3.3 per cent of GDP.

Icra revises domestic steel demand outlook to 8 pc for FY24

Online sales up to 12-14 per cent in FY2022

Fashion retailers expected to see 45 per cent growth in sales in FY23 : ICRA

Domestic pharmaceutical industry is expected to witness a revenue growth of 6-8 per cent in the next fiscal, rating agency Icra said on Thursday. Despite several disruptive events, the Indian pharmaceutical market (IPM) witnessed a healthy CAGR of 10.9 per cent between FY2012 and FY2022.

Domestic pharma industry revenues expected to grow 6-8 pc next fiscal: Icra

Despite several disruptive events, the Indian pharmaceutical market witnessed a healthy CAGR of 10.9% between FY2012 and FY2022.

Domestic Pharma Industry Revenues Expected To Grow 6-8% Next Fiscal: ICRA

(a) Assigned / Re-affirmed ICRA AA- (Stable) rating for long-term Bank facilities of Rs.556 crore. Outlook on the long-term rating is revised from Positive to Stable.

Astec LifeSciences receives ratings action from ICRA

Domestic passenger traffic estimated to rise by 54% YoY in Feb: ICRA

Domestic air passenger traffic is projected to have touched around 1.19 crore in February, only about 4 per cent lower compared to pre-Covid levels, rating agency Icra said on Monday.

Domestic air passenger traffic projected at 11.9 million in Feb: Icra

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

ICRA Limited (ICRA) is an independent and professional investment Information and credit rating agency.

ICRA Ltd