The BSE midcap index closed marginally lower, whereas the smallcap index fell by 0.5%.
The sale caused Five-Star Business Finance shares to drop by approximately 5.89%
Nifty 50 hits 21,005.05, and Sensex reaches 69,888.33, following the RBI's decision to maintain the repo rate at 6.5%
All sectors exhibit positive trends at the current hour, contributing to the overall market upswing.
Weak performance likely on the cards.
Muted performance is expected from the company.
Strong show likely on all key parameters.
Price hikes, lower raw material costs to aid profitability.
Recommendation: Add; Target Price: Rs 1645
Recommendation: Reduce; Target Price: Rs 930
Recommendation: Add; Target Price: Rs 1194
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In conversation with Sheetal Agarwal of IIFL, management of the IPO-bound company discusses about the company, its strengths and its future plans.
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For 2023 YTD, IIFL’s mid-cap and small-cap picks have beaten NSE Midcap 100 and NSE Smallcap 100 indices by >10 ppt and >50 ppt, respectively.
Lenders having higher reliance on sourcing from Fintechs and small ticket PL should see their greater degree of growth and profitability slowdown, in analysts of IIFL Securities view.
On the demand front, channel checks indicate a slowdown in volumes in Nov’23.
Nov'23 witnessed 9%/5% rise in rice and soybean prices, while corn and cotton declined 5% each; as USDA increased production estimates.
Analysts of IIFL Securities have also assessed current positioning of potential reclassification candidates across the different market capitalisation oriented schemes vis-à-vis the weights in the key benchmarks.
RBI decision to hold rates was expected, but the focus was always on monetary stance and GDP growth estimates.
The RBI MPC is likely to keep repo rates at 6.5%, but there could be key changes on stance and GDP growth projections.
November 2023, once again saw LIC under pressure as it has lost further NBP market share to private insurance players.
You are not in the stock markets for excitement, but to make profits. To do that, you need to manage your risk properly.
FPI inflows saw a late turnaround in November 2023, but it was the IPOs that attracted most of the FPI inflows.
Deleveraging should resume from FY25 to drive a netcash position by FY26; which provides comfort on planned expansion capex, starting FY25.
Although DMF-API-based products have 300bps lower GMs, these products allow Mankind to differentiate vs peers and gain access to the super-specialist doctor channel.
RATE continues to aspire to double revenues over FY24-27. Analysts of IIFL Securities 12-month TP of Rs740 is based on 2YF P/E of 35x
Historically, Page’s quarterly volumes have exhibited seasonality, with H1 contributing ~54% of the annual volumes.
Mgmt remained committed on multi-year capex of Rs120bn for the next four years (unveiled last year) and does not foresee much delay on execution.
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.
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.
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