Investment & Trading Ease at India Infoline

Top Gainers / Losers

26 July , 2024 | 12:00 AM

Company	LTP(₹)	Change(%)
Shriram Finance SHRIRAMFIN	2925	+246.00 (9.18%)
Divis Lab. DIVISLAB	4790.6	+243.60 (5.36%)
Cipla CIPLA	1575	+74.95 (5%)
Bharti Airtel BHARTIARTL	1514.4	+65.25 (4.5%)

Top Gainers as per Nifty50

Company	LTP(₹)	Change(%)
Bharti Airtel BHARTIARTL	1514.7	+65.30 (4.51%)
Adani Ports ADANIPORTS	1541.15	+53.70 (3.61%)
Tata Steel TATASTEEL	162.6	+5.15 (3.27%)
JSW Steel JSWSTEEL	900.45	+26.05 (2.98%)

Top Gainers as per Nifty50

Company	LTP(₹)	Change(%)
O N G C ONGC	331.6	-4.20 (-1.25%)
Nestle India NESTLEIND	2476.9	-3.75 (-0.15%)

Company	LTP(₹)	Change(%)
Nestle India NESTLEIND	2478.7	-1.70 (-0.07%)

Earnings

Q4FY24 Preview: Reliance Industries: EBITDA seen at ₹425,702 Million, PAT at ₹ 190,501 Million

All segments are expected to do well, except O2C.

19 Apr, 2024 |
2:54 PM

Q4FY24 Preview: HDFC Bank: NII seen at ₹287.4 Billion, PAT at ₹154.9 Billion

Weak performance likely over the December 2023 quarter.

19 Apr, 2024 |
2:31 PM

Q4FY24 Review: Tata Communications: Near-term headwinds persist

The stock trades at 11.7x EV/Ebitda and analysts of IIFL Securities estimate 17% Ebitda Cagr over FY24-27. Maintain ADD

19 Apr, 2024 |
1:40 PM

Q4FY24 Review: Infosys: Weak guidance a reflection of state of IT demand

~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.

19 Apr, 2024 |
1:08 PM

Q4FY24 Review: HDFC Life: Weak margins but FY25 outlook is positive

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.

19 Apr, 2024 |
12:27 PM

Top Performing Funds


HDFC Defence Fund - Regular (G)	1 Yrs Returns 113.75	NAV 22.989
SBI PSU Fund (G)	1 Yrs Returns 86.12	NAV 33.932
Aditya Birla SL PSU Equity Fund (G)	1 Yrs Returns 85.08	NAV 36.22
Invesco India PSU Equity Fund (G)	1 Yrs Returns 84.58	NAV 67.76
ICICI Pru PSU Equity Fund (G)	1 Yrs Returns 82.56	NAV 22.09


DSP Credit Risk Fund (G)	1 Yrs Returns 15.48	NAV 40.6426
Bandhan G Sec Fund - Invst Plan - Regular (G)	1 Yrs Returns 10.05	NAV 33.233
SBI Long Duration Fund - Regular (G)	1 Yrs Returns 9.99	NAV 11.6224
HDFC Long Duration Debt Fund - Regular (G)	1 Yrs Returns 9.96	NAV 11.5051
AXIS Long Duration Fund - Regular (G)	1 Yrs Returns 9.85	NAV 1158.0684


Quant Dynamic Asset Allocation Fund-Regular (G)	1 Yrs Returns 54.87	NAV 17.287
JM Aggressive Hybrid Fund - (G)	1 Yrs Returns 53.32	NAV 125.4828
Bank of India Mid & Small Cap Equity & Debt Fund (G)	1 Yrs Returns 49.18	NAV 38.19
SBI Magnum Children's Benefit Fund - IP (G)	1 Yrs Returns 43.86	NAV 40.4356
Quant Multi Asset Fund (G)	1 Yrs Returns 41.68	NAV 133.2829


SBI Long Term Equity Fund (G)	1 Yrs Returns 54.65	NAV 432.2131
Motilal Oswal ELSS Tax Saver Fund (G)	1 Yrs Returns 54.43	NAV 48.3716
Quant ELSS Tax Saver Fund - Regular (G)	1 Yrs Returns 54.02	NAV 402.6653
Bank of India ELSS Tax Saver (G)	1 Yrs Returns 52.78	NAV 171.47
ITI ELSS Tax Saver Fund (G)	1 Yrs Returns 52.72	NAV 24.2673


ICICI Pru Nifty PSU Bank ETF	1 Yrs Returns 59.69	NAV 72.24
Kotak Nifty PSU Bank ETF	1 Yrs Returns 59.30	NAV 726.37
Nippon India ETF Nifty PSU Bank BeES	1 Yrs Returns 59.24	NAV 79.71
ICICI Pru Nifty Financial Services Ex-Bank ETF	1 Yrs Returns 27.89	NAV 25.08
Mirae Asset Nifty Bank ETF	1 Yrs Returns 11.87	NAV 512.11

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.

Blogs

First Advance Estimate of US Q2-2024 GDP double to 2.8%

The doubling of GDP growth compared to the sequential quarter was largely driven by a turnaround in goods output

26 Jul, 2024 |
10:19 AM

10 reasons we liked the union budget 2024-25

The budget was unlike traditional budgets in that it was built on some very steady and long term macro and micro themes

26 Jul, 2024 |
9:22 AM

WHY AREN’T INTEREST RATES ON SMALL SAVINGS SCHEMES RISING?

The Indian government announced on June 28, 2024, that interest rates on small savings schemes will remain unchanged for July-September 2024. This marks the second consecutive quarter without an increase, following six quarters of rising rates. Small savings schemes, such as the Public Provident Fund and Sukanya Samriddhi Account, provide higher interest rates and tax benefits, attracting citizens to save regularly. These schemes are crucial for financing the government’s fiscal deficit. The interest rates are linked to market yields on government securities but often diverge from the formula. Future rate changes depend on market yields and global bond index inclusions.

25 Jul, 2024 |
2:48 PM

Weekly Musings – NFO Pick (Groww Nifty EV & New Age Automotive ETF)

Groww Nifty EV & New Age Automotive ETF is a play on the automotive sector with focus on new age green automobiles

24 Jul, 2024 |
9:28 AM

10 takeaways from India’s FY25 Budget

Union Finance Minister Nirmala Sitharaman presented the Budget for FY 2024-25, focusing on fiscal prudence, job growth, and taxpayer relief. Key highlights include reducing the fiscal deficit target to 4.9% of GDP, raising the standard deduction under the new income tax regime to Rs 75,000, and removing indexation benefits on long-term capital gains. The budget also proposes rationalizing capital gains taxes, abolishing the angel tax, increasing the security transactions tax, and introducing job creation incentives. Customs duties on precious metals were reduced, and tax reassessment time limits shortened. Additionally, e-commerce export hubs will be established to aid MSMEs and artisans.

23 Jul, 2024 |
4:33 PM

Leaders & Fund Managers Speak

Budget Expectations FY24-25: Rampraveen Swaminathan, Managing Director and CEO of Mahindra Logistics...

Additionally, expediting the National Logistics Policy and projects like ONDC, ULIP and Direct freight corridor is essential for creating a unified logistics ecosystem.

Budget Expectations 2024-25: Gregory Goba Ble, Managing Director, UPS India

Furthermore, logistics companies are seeking to decrease regulatory costs.

Budget Expectations 2024-25: Mr. Raju Kapoor, Director, Industry & Public Affairs, FMC India

In a nutshell, we envisage that this budget is focused on agriculture, which will further lay the foundation for a strong, sustainable, and prosperous future for Indian farmers and the nation

Arvind Kamath, Chairperson and Whole Time Director, JNK India

Sheetal Agarwal of IIFL caught up with the management of the IPO-bound company to know more about its plans. Edited excerpts.

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.

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

Chemicals: Early signs of recovery?

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.

19 Apr, 2024 |
11:40 AM

Telecom: Upgrading Vodafone Idea and Indus Towers

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.

18 Apr, 2024 |
11:09 AM

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