Kandla Port aims to produce 7 MTPA of green ammonia and 1.4 MTPA of green hydrogen. DPA, located in the Gulf of Kutch, is an important port on the country's west coast. Green hydrogen (GH2) is produced by electrolyzing water using renewable energy sources, which emits no greenhouse emissions.
Shyam Metalics underlined its intention to use captive raw resources such as direct-reduced iron (DRI), electricity, and ferroalloys for the project.
The equity purchase has prepared the door for Hinduja Group's entry into the rapidly expanding mutual fund business, transforming IndusInd International Holdings into a full-fledged financial services company.
Ashok Hinduja, Chairman of IIHL, expressed the vision to serve investors transparently and efficiently, aligning with the motto "mutual fund sahi hai."
Paytm's transaction value market share has also witnessed a decline, now resting at 6.7%, marking its lowest point in recent years.
The NFO is available for subscription from April 08 to April 22. The schemes will reopen for continuous sale and repurchase within five Business Days from the date of allotment.
A global trial called PROSEEK included 513 individuals from India, Europe, and the United States who had early-stage Parkinson's disease.
Company | LTP(₹) | Change(%) |
---|---|---|
BPCL | 604.3 | +18.55 (3.17%) |
COALINDIA | 451.05 | +11.20 (2.55%) |
HINDALCO | 598.95 | +10.35 (1.76%) |
KOTAKBANK | 1810.9 | +30.30 (1.7%) |
Company | LTP(₹) | Change(%) |
---|---|---|
KOTAKBANK | 1809.55 | +27.30 (1.53%) |
BHARTIARTL | 1220.4 | +16.55 (1.37%) |
TECHM | 1267.05 | +16.05 (1.28%) |
NTPC | 367.35 | +4.30 (1.18%) |
Company | LTP(₹) | Change(%) |
---|---|---|
HDFCLIFE | 622.2 | -11.75 (-1.85%) |
DIVISLAB | 3734.6 | -70.35 (-1.85%) |
CIPLA | 1426.75 | -23.55 (-1.62%) |
SBILIFE | 1487.3 | -23.25 (-1.54%) |
Company | LTP(₹) | Change(%) |
---|---|---|
MARUTI | 12707.85 | -183.30 (-1.42%) |
SUNPHARMA | 1590 | -12.80 (-0.8%) |
BAJAJFINSV | 1700.65 | -8.95 (-0.52%) |
M&M | 2079.9 | -10.90 (-0.52%) |
BSNL combined with reversal of furloughs to drive sequential growth.
Growth in auto volumes to aid year-on-year performance.
Profits could grow at a strong pace.
Flattish performance expected on a sequential basis.
Subdued earnings growth expected.
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 98.44 | NAV 33 |
SBI PSU Fund (G) | 1 Yrs Returns 97.68 | NAV 29.9596 |
Invesco India PSU Equity Fund (G) | 1 Yrs Returns 89.63 | NAV 57.04 |
ICICI Pru PSU Equity Fund (G) | 1 Yrs Returns 86.36 | NAV 19.4 |
Quant Value Fund (G) | 1 Yrs Returns 79.95 | NAV 19.5475 |
DSP Credit Risk Fund (G) | 1 Yrs Returns 15.31 | NAV 39.717 |
DSP Strategic Bond Fund - Reg (G) | 1 Yrs Returns 8.94 | NAV 3042.5383 |
Nippon India Fixed Horizon-XLV-Sr.5 (G) | 1 Yrs Returns 8.79 | NAV 10.9022 |
TRUSTMF FMP - Series II (1196 Days) - Reg (G) | 1 Yrs Returns 8.52 | NAV 1086.8333 |
BHARAT Bond ETF - April 2033 | 1 Yrs Returns 8.39 | NAV 1106.4868 |
JM Aggressive Hybrid Fund - (G) | 1 Yrs Returns 51.42 | NAV 108.822 |
ICICI Pru Retirement Fund - Hybrid AP (G) | 1 Yrs Returns 50.92 | NAV 22.23 |
Quant Multi Asset Fund (G) | 1 Yrs Returns 49.99 | NAV 128.6215 |
Bank of India Mid & Small Cap Equity & Debt Fund (G) | 1 Yrs Returns 49.45 | NAV 33.91 |
ICICI Pru Child Care Fund-Gift Plan | 1 Yrs Returns 44.98 | NAV 284.14 |
SBI Long Term Equity Fund (G) | 1 Yrs Returns 62.82 | NAV 383.8551 |
Quant ELSS Tax Saver Fund - Regular (G) | 1 Yrs Returns 62.20 | NAV 369.9309 |
Motilal Oswal ELSS Tax Saver Fund (G) | 1 Yrs Returns 58.22 | NAV 42.3899 |
Bank of India ELSS Tax Saver (G) | 1 Yrs Returns 57.65 | NAV 155.27 |
Bank of India Midcap Tax Fund - Series 2 (G) | 1 Yrs Returns 55.21 | NAV 29.49 |
ICICI Pru Nifty PSU Bank ETF | 1 Yrs Returns 92.85 | NAV 72.07 |
Kotak Nifty PSU Bank ETF | 1 Yrs Returns 92.43 | NAV 713.30 |
Nippon India ETF Nifty PSU Bank BeES | 1 Yrs Returns 92.31 | NAV 79.56 |
ICICI Pru Nifty Financial Services Ex-Bank ETF | 1 Yrs Returns 47.24 | NAV 23.88 |
UTI-Nifty Bank Exchange Traded Fund | 1 Yrs Returns 19.59 | NAV 49.50 |
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Capital goods companies dominated Nifty Next-50 returns, as Jio Finance was a surprise entry.
March Nifty show was led by autos, with 4 of the top 10 on returns being auto stocks.
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.
Bandhan Innovation Fund NFO is an opportunity to gel your future strategy with that of innovative Indian companies.
This week, start-ups raised $152 Million led by Ola Electric, SingleInterface, Namdev Finvest, Innoviti, Scrut, Nivara.
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.
A day before its IPO opens for subscription, Sheetal Agarwal of IIFL caught up with management of the company.
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.
Investments towards the expansion of distribution footprint will continue for another two years, which would be offset by elimination of the operating leverage gap due to a better growth profile. As a result, margins should stay largely range-bound in the medium term, and HDFCLI is willing to reinvest for better growth. Analysts of IIFL Securities continue to believe that HDFCLI is a healthy compounding story and should be accumulated post corrections
Analysts of IIFL Securities upgrade FY25/26 EPS by 2-3% to account for higher margins led by the Pen-G project and their TP of Rs1,330 (19x 2YF EPS) implies 21% upside. Although analysts of IIFL Securities base case assumes an OAI/WL on Eugia Unit-3, an import alert will lead to 5-7% downgrade to their Ebitda estimates in the worst-case scenario.
As LTFH reduces the share of unsecured loans (53% of retail) and increases focus on prime customers, analysts of IIFL Securities anticipate a period of transition before lower opex and credit costs can offset margin pressures, like in case of MMFS. LTFH’s ROEs are expected to be constrained at ~13.5% by FY26 due to low leverage and consequently retain analysts of IIFL Securities ADD rating.
At 5x/10x EV/sales for TCOM’s digital portfolio, March’25 fair value per share comes to ~Rs3,092/Rs5,292. This suggests significant upside, if TCOM’s Digital portfolio business achieves scale and drives re-rating. Analysts of IIFL Securities raise Mar’25 TP to Rs2,342. However, demand weakness could weigh on near-term financials and offer a better entry point. Maintain ADD.
In 2023, CTSH’s revenue declined by 0.4%, majorly due to a decline in BFSI revenues. However, the growth gap with Indian IT peers reduced in BFSI, North America and Europe. Analysts of IIFL Securities believe a stable CTSH can pose threat to Indian IT peers’ market share in future. Acquisitions contributed 110bps to the growth in CY23.
With the impending elections in Q1 and monsoons in Q2, cement demand could see some moderation. But, with the current government most likely continuing, the focus on infrastructure spends and affordable housing should remain intact; driving cement demand over the medium term. Thus analysts of IIFL Securities maintain their positive view on the sector and BUY on UltraTech Cement, Dalmia Bharat and JK Lakshmi.
Tractors declined ~25% YoY in Mar’24 and ended FY24 down 7-8% YoY. Although the end-demand has been weak, the rate of decline was magnified in March, due to a shift in the festive calendar (high base in March 2023).
Season-to-date rainfall (since 1-Jan-24) is ~5% below normal. Reservoir levels are below last-year levels and 10yr average.
RIL sells all of its gas through Brent and JKM linked prices, capped at HPHT; it has recently hiked the slope of its Brent-linked gas contracts from 8% to 12.67%, for which there is ~2% EPS upgrades for FY25/FY26ii. ONGC, OIL etc., see no impact; CGDs also remain unaffected.
Analysts of IIFL Securities residual cost of deposit re-pricing analysis shows 10-30 bps of further increase in cost of deposits, and divergent near-term NIM outcomes.
Script Name | Put | Call | Ratio |
---|---|---|---|
BANKNIFTY | 103,188 | 74,698 | 1.38 |
NIFTY | 210,571 | 175,064 | 1.20 |
Script Name | Put | Call | Ratio |
---|---|---|---|
BANKNIFTY | 103,188 | 74,698 | 1.38 |
NIFTY | 210,571 | 175,064 | 1.20 |
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.
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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.