IIFL

Rising Mideast Tensions Threaten Bloody Start for Indian Markets

The escalating tensions have also driven a notable surge in crude oil prices, pushing Brent Crude above the $90 per barrel threshold and nearing a record high in Gold prices.

19 Apr, 2024 |
8:56 AM

Vodafone Idea FPO subscribed 18% on Day 1

Up to ₹18,000 Crore worth of newly issued equity shares make up the Vodafone Idea FPO's entire offer size.

18 Apr, 2024 |
3:44 PM

Tata to Build JLR Cars in New $1 Billion Plant

Tata Motors did not specify which models will be produced at the new plant when it announced plans to invest in a new one in Tamil Nadu in March.

18 Apr, 2024 |
3:41 PM

Sensex, Nifty Suffer Fourth Consecutive Loss; Nifty Slips Below 22,000

The BSE midcap index saw a decline of 0.5%, while the smallcap index concluded the day with marginal changes, ending on a flat note.

18 Apr, 2024 |
3:40 PM

950% Dividend Announced by Mahindra Group Tractor Maker

The dividend of ₹92 per share was approved by the board last year, after payouts of ₹80 per share in 2022 and ₹50 per share in 2021.

18 Apr, 2024 |
3:36 PM

KIMS Faces ₹306.97 Crore Income Tax Demand

Regarding the assessment year 2022–2023, the notice poses questions about a number of financial transactions

18 Apr, 2024 |
3:35 PM

NCLT Issues Notices to SpiceJet in Insolvency Pleas

Senior advocate Pramod Nair, representing the lessors, emphasized that the pleas were based on a judgment from the High Court of the United Kingdom and the contractual agreement between the parties.

18 Apr, 2024 |
2:43 PM

Top Gainers / Losers
19 April , 2024 | 09:18 AM

Company	LTP(₹)	Change(%)
Bharti Airtel BHARTIARTL	1280	+14.25 (1.13%)
Apollo Hospitals APOLLOHOSP	6140	+65.85 (1.08%)
O N G C ONGC	276.75	+2.60 (0.95%)
Dr Reddys Labs DRREDDY	6000	+42.85 (0.72%)

Top Gainers as per Nifty50

Company	LTP(₹)	Change(%)
ITC ITC	419.55	+0.60 (0.14%)
Sun Pharma.Inds. SUNPHARMA	1517.65	+0.50 (0.03%)

Company	LTP(₹)	Change(%)
Tata Consumer TATACONSUM	1104.5	-30.05 (-2.65%)
Infosys INFY	1385	-34.25 (-2.41%)
NTPC NTPC	343.1	-8.05 (-2.29%)
B P C L BPCL	578	-11.60 (-1.97%)

Top Gainers as per Nifty50

Company	LTP(₹)	Change(%)
Infosys INFY	1390.25	-30.30 (-2.13%)
Axis Bank AXISBANK	1006.15	-18.00 (-1.76%)
NTPC NTPC	345.35	-6.05 (-1.72%)
Larsen & Toubro LT	3492.45	-58.50 (-1.65%)

Top Gainers as per Nifty50

Top Performing Funds


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
Quant Small Cap Fund - (G)	1 Yrs Returns 70.17	NAV 243.4643
Franklin India Opportunities Fund - (G)	1 Yrs Returns 69.01	NAV 206.9681
Quant Mid Cap Fund (G)	1 Yrs Returns 67.14	NAV 218.4727


ICICI Pru Long Term Bond Fund - (G)	1 Yrs Returns 7.55	NAV 80.5451
Aditya Birla SL Corporate Bond Fund (G)	1 Yrs Returns 7.32	NAV 101.8026
Aditya Birla SL Liquid Fund - Retail (G)	1 Yrs Returns 7.24	NAV 628.4563
SBI Magnum Ultra Short Duration Fund - (G)	1 Yrs Returns 7.20	NAV 5484.042
DSP Bond Fund - Regular (G)	1 Yrs Returns 6.88	NAV 73.8394


Quant Dynamic Asset Allocation Fund-Regular (G)	1 Yrs Returns 57.97	NAV 15.8001
JM Aggressive Hybrid Fund - (G)	1 Yrs Returns 49.54	NAV 108.0923
Quant Multi Asset Fund (G)	1 Yrs Returns 47.81	NAV 127.7077
ICICI Pru Retirement Fund - Hybrid AP (G)	1 Yrs Returns 47.35	NAV 21.94
Bank of India Mid & Small Cap Equity & Debt Fund (G)	1 Yrs Returns 47.09	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
Bank of India ELSS Tax Saver (G)	1 Yrs Returns 52.74	NAV 152.82
JM ELSS Tax Saver Fund (G)	1 Yrs Returns 45.71	NAV 41.2106
Franklin India ELSS Tax Saver Fund - Regular (G)	1 Yrs Returns 43.20	NAV 1263.3915


ICICI Pru Nifty PSU Bank ETF	1 Yrs Returns 83.81	NAV 69.78
Kotak Nifty PSU Bank ETF	1 Yrs Returns 83.41	NAV 690.64
Nippon India ETF Nifty PSU Bank BeES	1 Yrs Returns 83.30	NAV 77.03
ICICI Pru Nifty Financial Services Ex-Bank ETF	1 Yrs Returns 41.54	NAV 23.22
UTI-Nifty Bank Exchange Traded Fund	1 Yrs Returns 13.51	NAV 47.81

Blogs

Biggest mutual fund AUM growth stories of last 4 years

Overall MF AUM fell in March, but retail shares further improved in the month.

18 Apr, 2024 |
11:02 AM

March 2024 trade deficit at $15.6 Billion touches 11-month low

The good news is that overall trade could push CAD to under 1% of GDP in FY24.

16 Apr, 2024 |
11:02 AM

Key mutual fund trends observed in March 2024

Overall MF AUM fell in March, but retail shares further improved in the month.

16 Apr, 2024 |
9:31 AM

WPI inflation scales 3-month high of 0.53% in March 2024

Despite the bounce in WPI inflation, the full year reading for FY24 was still in the negative.

16 Apr, 2024 |
9:29 AM

What the Iran-Israel conflict means for the Indian economy

It may not all-out war, but the implications for the Indian economy could be huge.

15 Apr, 2024 |
12:16 PM

Leaders & Fund Managers Speak

Abhijit Patil, Co-Founder and COO, AjnaLens

In conversation with Sheetal Agarwal of IIFL, management of the company explains its strengths, growth strategy and listing plans.

Dr. Faruk Patel, Chairman & Director, KP Green Engineering Limited

Sheetal Agarwal of IIFL caught up with management of the company, which is launching India's largest SME IPO. Edited Excerpts:

John Verghese, Chief Financial Officer, Popular Vehicles and Services Limited

Sheetal Agarwal of IIFL in conversation with management of the IPO bound company. Edited Excerpts:

Anil Ghelani, CFA, Head - Passive Investments and Products at DSP Mutual Fund

Sheetal Agarwal of IIFL brings you an insightful conversation about the relevance of ELSS investments today. Edited excerpts:

Anurag Tantia, Executive Director, GPT Healthcare Limited

Sheetal Agarwal of IIFL chats with the management on the eve of the IPO.

Invest Right

Dixon Technologies: Gaining from industry consolidation

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.

16 Apr, 2024 |
11:47 AM

Phoenix Mills: Revival in consumption encouraging

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.

12 Apr, 2024 |
11:00 AM

Shyam Metalics: Well set to deliver steady growth

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.

12 Apr, 2024 |
10:47 AM

BSE: Firing on all cylinders

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.

09 Apr, 2024 |
10:33 AM

JB Chemicals & Pharma: Small in size, but big enough to create a difference

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.

08 Apr, 2024 |
11:12 AM

ICICI Lombard General: Centralised strategy to drive expansion

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.

05 Apr, 2024 |
11:50 AM

Editor's Choice

Banking & Finance: Pull and push of structural vs. cyclical drivers of deposits

System deposit growth has picked up to 3.5% QoQ/13.5% YoY (12.9% ex. HDFC merger), thereby narrowing the gap vs loan growth to 340bps from 540bps YoY. Based on prequarterly updates, deposit growth is strong at 3-16% QoQ and 7-42% YoY, driving LDR improvement of 25-600 bps across banks. CASA ratio also improved 40-255bps QoQ on seasonality, but is still down 1-10ppt YoY. While some of the seasonal gains will reverse in Q1, with improving cyclical factors analysts of IIFL Securities expect 13-14% system deposit growth in FY25. HDFC, SBI and ICICI rank high on our ‘liability franchise scorecard’, Axis is improving and Kotak is deteriorating

18 Apr, 2024 |
10:32 AM

Insurance: A year of normalization with an eye on regulations

Analysts of IIFL Securities believe FY25 will be a year of normalization in Life as growth should revert to teens while margins would start witnessing stability with an upward bias

16 Apr, 2024 |
11:26 AM

Electronics Retail: Expanding Footprint to drive growth

Consumers have adopted Ecommerce differently across different categories; E-commerce share for Mobiles stands at 58% but for large household appliances, it is only 17%. In the latter, consumers prefer to go to a physical store to check out the look and feel of the product, discuss warranty and exchange, get priority on installation and so on. In recent times, there is a bit of reverse migration from e-commerce to brick-and-mortar stores in mobiles as well. Analysts of IIFL Securities believe that brick-and-mortar organised retail would still grow at ~14% even allowing for some share loss to online platforms.

16 Apr, 2024 |
11:14 AM

Utilities: Government gets gas IPPs under S/11

The scheme if extended for FY25, apart from gas IPPs, can also benefit gas importing / trading companies; assuming PLFs to increase to 30% (vs 14% in FY24), India would need to import additional ~5m MT LNG (25% more); GAIL (transmission + trading), PLNG (imports/trade) can materially gain from such imports; for every 1m MT incremental LNG imported, GAIL/PLNG may see 5-10% EPS upgrade; IEX may also gain from higher exchange volumes.

15 Apr, 2024 |
10:22 AM

Stagnant contracting increases ask rate for H2 in IT sector: IIFL Securities

Analysts of IIFL Securities recommend to stay selective with firms providing better visibility (INFO/PSYS), while avoiding turnaround trades (TECHM/WPRO).

12 Apr, 2024 |
10:31 AM

Economy: RBI MPC: Status quo, expect cuts before long

Analysts of IIFL Securities replace BAF with Chola Investment in their large-cap picks, along with removing Trent and Mankind after their recent OP, and retain their overall constructive stance. Geo-politics causing a sharp crude spike is a risk.

08 Apr, 2024 |
11:00 AM

Put Call Ratio
25 April , 2024 | 12:00 AM

Note : Put/Call contract in thousand

Script Name	Put	Call	Ratio
NIFTY	71,384	88,967	0.80
AARTIIND	2,715	4,770	0.57
ABB	477	902	0.53
ABBOTINDIA	9	37	0.23

All You need to know about markets

US October inflation tapers to 7.7% but MOM inflation is higher

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.

M&M Financial Services hits upper circuit today, find why here?

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.

Board of Steelcast recommends Second Interim Dividend?

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

RBI to do pilot project on its digital currency this year

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.

How many Sectors are there to invest in Stock Market?

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.

What is nifty and sensex ?

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.