IIFL

Indian Overseas Bank Board to Decide on Capital Raising Plan

In Q3 FY24, the company's consolidated net profit increased by 30.5% to ₹724.13 Crore from ₹555.05 Crore in Q3 FY23. In Q3 FY24, total income rose 32.8% YoY to ₹7,442.85 Crore.

18 Apr, 2024 |
1:40 PM

Indian Indices Rally on Asian Market Boost; Auto Sector Leads Gains

The Sensex surged by 431.94 points or 0.59% to reach 73,375.62, while the Nifty climbed by 151.80 points or 0.69%, reaching 22,299.70.

18 Apr, 2024 |
1:40 PM

Brigade Enterprises Soars to Record Q4 Pre-Sales Growth

While group collections increased to ₹5,915 Crore in FY24 from ₹5,424 Crore the previous year, the average realisation for FY24 increased by 23% year over year.

18 Apr, 2024 |
1:38 PM

GQG Ups Investment in Adani Group, Buys ₹8,300 Crore Shares

GQG increased its investment in Adani Energy Solutions by the most during the March quarter, investing ₹2,316 Crore.

18 Apr, 2024 |
1:38 PM

India's Oil Demand Surges 4.6% Despite Flat FY24 Output

Domestic crude oil production in FY24 was 29.4 million tonnes, essentially unchanged from the previous year's 29.2 million tonnes.

18 Apr, 2024 |
1:37 PM

Shilpa Medicare Hits 52-Week High on AGES GMP Certification

Earlier in the month, Shilpa Medicare successfully raised ₹500 Crore through a Qualified Institutional Placement (QIP), reflecting investor confidence in the company's growth prospects.

18 Apr, 2024 |
1:37 PM

ICICI Prudential Leads Mutual Fund Surge with ₹5,822 Crore Investment in ITC

Presently, a total of 38 mutual funds have investments in ITC, collectively holding shares valued at ₹62,063 Crore

18 Apr, 2024 |
12:28 PM

Top Gainers / Losers
18 April , 2024 | 01:39 PM

Company	LTP(₹)	Change(%)
Bharti Airtel BHARTIARTL	1277.4	+60.95 (5.01%)
Power Grid Corpn POWERGRID	281.95	+7.70 (2.81%)
Hindalco Inds. HINDALCO	623.55	+14.70 (2.41%)
M & M M&M	2077.5	+46.20 (2.27%)

Top Gainers as per Nifty50

Company	LTP(₹)	Change(%)
Bharti Airtel BHARTIARTL	1272.25	+55.55 (4.57%)
Power Grid Corpn POWERGRID	279.3	+4.95 (1.8%)
Tata Steel TATASTEEL	162.6	+2.55 (1.59%)
M & M M&M	2049.15	+18.30 (0.9%)

Top Gainers as per Nifty50

Company	LTP(₹)	Change(%)
Nestle India NESTLEIND	2460.2	-85.90 (-3.37%)
Apollo Hospitals APOLLOHOSP	6212	-122.75 (-1.94%)
Axis Bank AXISBANK	1032.15	-19.75 (-1.88%)
Titan Company TITAN	3588.5	-57.40 (-1.57%)

Top Gainers as per Nifty50

Company	LTP(₹)	Change(%)
Nestle India NESTLEIND	2455	-92.15 (-3.62%)
Axis Bank AXISBANK	1034.75	-18.05 (-1.71%)
Titan Company TITAN	3588.5	-58.55 (-1.61%)
ICICI Bank ICICIBANK	1056.05	-11.50 (-1.08%)

Top Gainers as per Nifty50

Top Performing Funds


Aditya Birla SL PSU Equity Fund (G)	1 Yrs Returns 95.90	NAV 32.93
SBI PSU Fund (G)	1 Yrs Returns 94.45	NAV 29.7208
Invesco India PSU Equity Fund (G)	1 Yrs Returns 87.28	NAV 57.29
ICICI Pru PSU Equity Fund (G)	1 Yrs Returns 83.73	NAV 19.42
Quant Value Fund (G)	1 Yrs Returns 76.31	NAV 19.3869


DSP Credit Risk Fund (G)	1 Yrs Returns 15.21	NAV 39.7591
Nippon India Fixed Horizon-XLV-Sr.5 (G)	1 Yrs Returns 8.74	NAV 10.9158
TRUSTMF FMP - Series II (1196 Days) - Reg (G)	1 Yrs Returns 8.54	NAV 1088.5195
DSP Floater Fund (G)	1 Yrs Returns 8.40	NAV 11.884
DSP Strategic Bond Fund - Reg (G)	1 Yrs Returns 8.36	NAV 3034.8816


Quant Dynamic Asset Allocation Fund-Regular (G)	1 Yrs Returns 57.97	NAV 15.8087
JM Aggressive Hybrid Fund - (G)	1 Yrs Returns 49.54	NAV 107.7742
Quant Multi Asset Fund (G)	1 Yrs Returns 47.81	NAV 127.5377
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 33.67


Quant ELSS Tax Saver Fund - Regular (G)	1 Yrs Returns 60.08	NAV 367.6326
SBI Long Term Equity Fund (G)	1 Yrs Returns 58.75	NAV 378.8776
Motilal Oswal ELSS Tax Saver Fund (G)	1 Yrs Returns 55.33	NAV 42.046
Bank of India ELSS Tax Saver (G)	1 Yrs Returns 53.64	NAV 153.38
ITI ELSS Tax Saver Fund (G)	1 Yrs Returns 50.47	NAV 21.2052


ICICI Pru Nifty PSU Bank ETF	1 Yrs Returns 83.81	NAV 69.91
Kotak Nifty PSU Bank ETF	1 Yrs Returns 83.41	NAV 691.94
Nippon India ETF Nifty PSU Bank BeES	1 Yrs Returns 83.30	NAV 77.17
ICICI Pru Nifty Financial Services Ex-Bank ETF	1 Yrs Returns 41.54	NAV 23.19
UTI-Nifty Bank Exchange Traded Fund	1 Yrs Returns 13.51	NAV 48.24

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, Ajna Lens

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
18 April , 2024 | 12:00 AM

Note : Put/Call contract in thousand

Script Name	Put	Call	Ratio
NIFTY	233,640	239,398	0.98

Script Name	Put	Call	Ratio
NIFTY	198,860	228,748	0.87

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.