The company's total income increased to ₹10,469.5 Crore in FY2023–24 from ₹9,611.2 Crore in the FY2022–2023 fiscal year.
The JNK India offer consists of a fresh issuance of shares amounting to ₹300 Crore and an offer-for-sale (OFS) of 84.21 lakh equity shares worth ₹349.47 Crore by existing shareholders
Happiest Minds stated in a news statement that in addition, a deferred consideration of up to ₹144 Crores will be payable at the end of FY25.
Invesco MF ranks as the 17th largest fund house in India, managing over ₹74,300 Crore in assets in the January-March quarter of 2023-24.
According to RBI, the private lender is free to go on serving its current clientele, which includes credit cardholders.
The net interest income (NII) of the private sector lender increased 11.47% to ₹13,089 Crore from ₹11,742 Crore in the previous year.
Singh is a Certified Associate of the Indian Institute of Bankers and has an MBA (PGEMP) from the S.P. Jain Institute of Management & Research in Mumbai.
Company | LTP(₹) | Change(%) |
---|---|---|
AXISBANK | 1114 | +50.75 (4.77%) |
SUNPHARMA | 1510 | +24.25 (1.63%) |
SBIN | 785.7 | +12.60 (1.63%) |
HCLTECH | 1499.45 | +20.20 (1.37%) |
Company | LTP(₹) | Change(%) |
---|
No Record Found
Company | LTP(₹) | Change(%) |
---|---|---|
KOTAKBANK | 1654.75 | -188.05 (-10.2%) |
LTIM | 4605 | -121.80 (-2.58%) |
TATACONSUM | 1089.1 | -21.05 (-1.9%) |
HINDUNILVR | 2219.85 | -40.40 (-1.79%) |
Company | LTP(₹) | Change(%) |
---|
No Record Found
No Record Found
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 94.92 | NAV 33.39 |
SBI PSU Fund (G) | 1 Yrs Returns 94.27 | NAV 30.3912 |
Invesco India PSU Equity Fund (G) | 1 Yrs Returns 86.51 | NAV 57.93 |
ICICI Pru PSU Equity Fund (G) | 1 Yrs Returns 82.14 | NAV 19.58 |
Quant Value Fund (G) | 1 Yrs Returns 79.27 | NAV 19.8813 |
DSP Credit Risk Fund (G) | 1 Yrs Returns 15.09 | NAV 39.8158 |
Nippon India Fixed Horizon-XLV-Sr.5 (G) | 1 Yrs Returns 8.45 | NAV 10.9329 |
TRUSTMF FMP - Series II (1196 Days) - Reg (G) | 1 Yrs Returns 8.35 | NAV 1090.2263 |
ICICI Pru Floating Interest Fund-Regular (G) | 1 Yrs Returns 8.19 | NAV 387.1734 |
DSP Floater Fund (G) | 1 Yrs Returns 8.04 | NAV 11.897 |
Quant Dynamic Asset Allocation Fund-Regular (G) | 1 Yrs Returns 58.90 | NAV 15.9387 |
JM Aggressive Hybrid Fund - (G) | 1 Yrs Returns 54.18 | NAV 111.044 |
ICICI Pru Retirement Fund - Hybrid AP (G) | 1 Yrs Returns 51.14 | NAV 22.61 |
Bank of India Mid & Small Cap Equity & Debt Fund (G) | 1 Yrs Returns 49.59 | NAV 34.33 |
Quant Multi Asset Fund (G) | 1 Yrs Returns 48.31 | NAV 128.563 |
Quant ELSS Tax Saver Fund - Regular (G) | 1 Yrs Returns 61.85 | NAV 371.4633 |
SBI Long Term Equity Fund (G) | 1 Yrs Returns 60.81 | NAV 384.4242 |
Motilal Oswal ELSS Tax Saver Fund (G) | 1 Yrs Returns 60.66 | NAV 43.7475 |
Bank of India ELSS Tax Saver (G) | 1 Yrs Returns 55.36 | NAV 156.03 |
ITI ELSS Tax Saver Fund (G) | 1 Yrs Returns 54.71 | NAV 21.7174 |
ICICI Pru Nifty PSU Bank ETF | 1 Yrs Returns 79.77 | NAV 71.59 |
Kotak Nifty PSU Bank ETF | 1 Yrs Returns 79.37 | NAV 708.51 |
Nippon India ETF Nifty PSU Bank BeES | 1 Yrs Returns 79.26 | NAV 79.02 |
ICICI Pru Nifty Financial Services Ex-Bank ETF | 1 Yrs Returns 44.15 | NAV 23.77 |
DSP Nifty Bank ETF | 1 Yrs Returns 13.84 | NAV 48.50 |
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Sheetal Agarwal of IIFL caught up with the management of the IPO-bound company to know more about its plans. Edited excerpts.
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:
The spike in speciality chemicals exports could be due to deferment of orders to Q4 and seasonality. Specialty chemicals exports in Mar’24 surpassed the trailing 12-month average.
Analysts of IIFL Securities expect Indus to reinstate dividend from FY25 as it again starts generating healthy FCF (dividend payout policy is 100% of FCF). The stock is attractive at 4.5%/7.2% FY25/26 dividend yield.
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
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
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.
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.
Script Name | Put | Call | Ratio |
---|---|---|---|
NIFTY | 240,192 | 263,936 | 0.91 |
AARTIIND | 1,867 | 2,151 | 0.87 |
ABB | 261 | 475 | 0.55 |
ABBOTINDIA | 6 | 25 | 0.24 |
Script Name | Put | Call | Ratio |
---|
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.
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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.