By the end of the day, many heavyweight sectoral indices had managed to recover their losses.
The deal is expected to be finalized in the first half of fiscal 2025, subject to regulatory approvals.
All segments are expected to do well, except O2C.
JSW raised $500 million in April 2019 with a five-year bond at 5.95%, which is due for repayment this month.
Weak performance likely over the December 2023 quarter.
As part of its net zero promises, Indus Towers Ltd (ITL) plans to gradually increase its renewable energy portfolio to Giga Watt (GW) scale capacity.
According to the order, the business will offer equipment as well as some additional services.
Company | LTP(₹) | Change(%) |
---|---|---|
BAJFINANCE | 7119.5 | +226.30 (3.28%) |
M&M | 2082.9 | +57.95 (2.86%) |
MARUTI | 12710.95 | +305.95 (2.47%) |
HDFCBANK | 1531.3 | +36.60 (2.45%) |
Company | LTP(₹) | Change(%) |
---|---|---|
BAJFINANCE | 7122.3 | +233.05 (3.38%) |
M&M | 2082.9 | +58.75 (2.9%) |
MARUTI | 12710.65 | +314.35 (2.54%) |
JSWSTEEL | 865.25 | +21.00 (2.49%) |
Company | LTP(₹) | Change(%) |
---|---|---|
BAJAJ-AUTO | 8804.5 | -216.80 (-2.4%) |
HCLTECH | 1447.5 | -19.35 (-1.32%) |
NESTLEIND | 2437.7 | -24.85 (-1.01%) |
DIVISLAB | 3671.7 | -37.20 (-1%) |
Company | LTP(₹) | Change(%) |
---|---|---|
HCLTECH | 1447.9 | -19.75 (-1.35%) |
NESTLEIND | 2437.1 | -25.65 (-1.04%) |
TCS | 3827.45 | -36.05 (-0.93%) |
LT | 3519.25 | -31.70 (-0.89%) |
All segments are expected to do well, except O2C.
Weak performance likely over the December 2023 quarter.
The stock trades at 11.7x EV/Ebitda and analysts of IIFL Securities estimate 17% Ebitda Cagr over FY24-27. Maintain ADD
~18% correction in stock price recently has taken care of multiple de-rating while attractive dividend yield (~4%) should provide downside support to valuations. Hence, analysts of IIFL Securities maintain BUY, but expect its discount to TCS to remain elevated in near term.
VNB margins were at 26.1% for Q4FY24, declining by 320bps YoY, driven by lack of operating leverage and change in new business profile. HDFCLI continues to focus on VNB growth driven by APE growth and is willing to trade incremental margins for better growth opportunities.
Amidst rich sector valuations, KKC, BHE, ABB continue to provide comfort on risk-reward.
Companies having exposure to the Discretionary segment (Dyes, Pigments and Polymers) performed better.
While Crompton’s core performance was strong, losses in BGAL led to flat PAT.
Trent continues to be an outlier, driven by aggressive store additions in Zudio as well as healthy SSS growth in its fashion concepts (Westside + Zudio).
MDF margins remained under pressure with GREENP and CPBI reporting 20% and 19% margins respectively in Q3.
Aditya Birla SL PSU Equity Fund (G) | 1 Yrs Returns 91.03 | NAV 32.57 |
SBI PSU Fund (G) | 1 Yrs Returns 88.58 | NAV 29.3934 |
Invesco India PSU Equity Fund (G) | 1 Yrs Returns 82.77 | NAV 56.66 |
ICICI Pru PSU Equity Fund (G) | 1 Yrs Returns 80.06 | NAV 19.23 |
Quant Value Fund (G) | 1 Yrs Returns 75.46 | NAV 19.3539 |
DSP Credit Risk Fund (G) | 1 Yrs Returns 15.17 | NAV 39.7804 |
Nippon India Fixed Horizon-XLV-Sr.5 (G) | 1 Yrs Returns 8.53 | NAV 10.9209 |
TRUSTMF FMP - Series II (1196 Days) - Reg (G) | 1 Yrs Returns 8.31 | NAV 1089.3197 |
DSP Floater Fund (G) | 1 Yrs Returns 8.29 | NAV 11.8894 |
HDFC Nifty G-Sec Jun 2036 Index Fund - Reg (G) | 1 Yrs Returns 8.24 | NAV 11.0363 |
Quant Dynamic Asset Allocation Fund-Regular (G) | 1 Yrs Returns 57.89 | NAV 15.8001 |
JM Aggressive Hybrid Fund - (G) | 1 Yrs Returns 50.09 | NAV 108.0923 |
Quant Multi Asset Fund (G) | 1 Yrs Returns 48.24 | NAV 127.7077 |
ICICI Pru Retirement Fund - Hybrid AP (G) | 1 Yrs Returns 46.95 | NAV 21.94 |
Bank of India Mid & Small Cap Equity & Debt Fund (G) | 1 Yrs Returns 45.72 | NAV 33.53 |
Quant ELSS Tax Saver Fund - Regular (G) | 1 Yrs Returns 60.06 | NAV 366.4027 |
SBI Long Term Equity Fund (G) | 1 Yrs Returns 58.45 | NAV 377.1133 |
Motilal Oswal ELSS Tax Saver Fund (G) | 1 Yrs Returns 55.98 | NAV 42.2488 |
Bank of India ELSS Tax Saver (G) | 1 Yrs Returns 52.74 | NAV 152.82 |
ITI ELSS Tax Saver Fund (G) | 1 Yrs Returns 51.08 | NAV 21.1908 |
ICICI Pru Nifty PSU Bank ETF | 1 Yrs Returns 76.57 | NAV 69.78 |
Kotak Nifty PSU Bank ETF | 1 Yrs Returns 76.19 | NAV 690.64 |
Nippon India ETF Nifty PSU Bank BeES | 1 Yrs Returns 76.08 | NAV 77.03 |
ICICI Pru Nifty Financial Services Ex-Bank ETF | 1 Yrs Returns 41.31 | NAV 23.22 |
DSP Nifty Bank ETF | 1 Yrs Returns 12.17 | NAV 47.37 |
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While LIC may have struggled in FY24 overall, the turnaround is visible in the last few months.
Overall MF AUM fell in March, but retail shares further improved in the month.
The good news is that overall trade could push CAD to under 1% of GDP in FY24.
Overall MF AUM fell in March, but retail shares further improved in the month.
Despite the bounce in WPI inflation, the full year reading for FY24 was still in the negative.
In conversation with Sheetal Agarwal of IIFL, management of the company explains its strengths, growth strategy and listing plans.
Sheetal Agarwal of IIFL caught up with management of the company, which is launching India's largest SME IPO. Edited Excerpts:
Sheetal Agarwal of IIFL in conversation with management of the IPO bound company. Edited Excerpts:
Sheetal Agarwal of IIFL brings you an insightful conversation about the relevance of ELSS investments today. Edited excerpts:
Sheetal Agarwal of IIFL chats with the management on the eve of the IPO.
Pursuant to cut in growth expectations for Q4FY24 (Mgmt guides for QoQ drop in sales), including softness in Mobile EMS, analysts of IIFL Securities cut FY24 EPS by 7%. Ex-Mobile EMS, revenue is lowered by 4/7% and Ebitda by 8/10%, respectively for FY25/26, given analysts of IIFL Securities cautious view on rebound in consumption.
Trading occupancy for Indore mall was up marginally QoQ. The new Bangalore mall (Mall of Asia) has also witnessed a steady ramp up, albeit will be slower due to higher share of premium/luxury brands.
In stainless steel, longs capacity at Indore will expand to 220kt by FY26 while Sambalpur would see a new 500kt flats capacity (incl 200kt CR) by FY27.
Its market share improved from 5.5% in Apr’23 to 8.5% in Mar’24. The exit ADTO stands at Rs90-100bn, implying a strong start to FY25. The Star-MF platform remains the preferred platform for MF distributors – FY24 volumes grew by 59% YoY to 421mn.
JB targets to double CMO revenue from USD50mn to USD100mn over the next 3-5 years, driven by geographic expansion, on-boarding new clients, and adding new lifecycle products.
While ILOM witnessed minor market share loss in the Motor segment last year, it has started to recoup the same with high growth in new private car segment. Presence of a multi-channel business model helped them navigate this business cycle. ILOM believes that with the new EoM regulations, industry CoR should improve; benefitting ILOM disproportionately.
No Record Found
Script Name | Put | Call | Ratio |
---|---|---|---|
NIFTY | 93,994 | 100,385 | 0.94 |
AARTIIND | 2,553 | 3,807 | 0.67 |
ABB | 424 | 893 | 0.47 |
ABBOTINDIA | 8 | 35 | 0.24 |
Script Name | Put | Call | Ratio |
---|---|---|---|
NIFTY | 93,994 | 100,385 | 0.94 |
AARTIIND | 2,553 | 3,807 | 0.67 |
ABB | 424 | 893 | 0.47 |
ABBOTINDIA | 8 | 35 | 0.24 |
Since March 2022, when the Fed hawkishness first manifested, the Fed has hiked rates by 375 basis points. However, till June 2022, inflation was on the ascendant, when the US consumer inflation peaked at 9.1%. Since then, the inflation has gradually tapered from 9.1% to 7.7%. While a 140 bps fall may not sound substantial, what is notable is that in October 2022, the consumer inflation was lower than the consensus street expectation.
Mahindra & Mahindra Financial Services (M&M Finance), which posted better-than-expected profits for the September quarter, increased by as much as 10% during early trade on Thursday.
Steelcast announced that the Board of Directors of the Company at its meeting held on 20 October 2022, has recommended a Second Interim dividend of Rs.1.35 per share (i.e.27%), subject to the approval of the shareholders
T. Rabi Sankar, the deputy governor of the Reserve Bank of India (RBI), announced on Wednesday that the central bank will introduce its digital currency as a pilot project this year.
You can invest in 11 different sectors in the stock market. This type of industry categorization helps the portfolio manager create a diverse portfolio and allocate funds more efficiently.
Nifty and Sensex are benchmark index values for measuring the
overall performance of the stock market. Nifty is the Index used
by the National Stock exchange, and Sensex is the Index used by the Bombay Stock Exchange.
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www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Copyright © IIFL Securities Ltd. All rights Reserved.
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www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Copyright © IIFL Securities Ltd. All rights Reserved.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This certificate demonstrates that IIFL as an organization has defined and put in place best-practice information security processes.