In terms of incremental capacity addition, analysts of IIFL Securities see limited impact led by staggered addition by the large names amid a strong demand growth in India.
Read MoreIn terms of incremental capacity addition, analysts of IIFL Securities see limited impact led by staggered addition by the large names amid a strong demand growth in India.
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.
By the market close, the Sensex plummeted by 609.28 points or 0.82% to 73,730.16, while the Nifty fell by 150.30 points or 0.67% to 22,420.
At the time of writing, the broader market showed resilience, with the BSE MidCap index gaining 0.73% and the BSE SmallCap index rising by 0.89%.
U.S. West Texas Intermediate crude futures increased by 33 cents, or 0.39%, to $83.90 a barrel, while Brent crude futures gained 34 cents, or 0.38%, to $89.35 a barrel.
The Bank of Japan maintained its target range for short-term interest rates at 0-0.1% and forecasted inflation to remain at 2% for the following three years.
By the market close, the Sensex plummeted by 609.28 points or 0.82% to 73,730.16, while the Nifty fell by 150.30 points or 0.67% to 22,420.
At the time of writing, the broader market showed resilience, with the BSE MidCap index gaining 0.73% and the BSE SmallCap index rising by 0.89%.
U.S. West Texas Intermediate crude futures increased by 33 cents, or 0.39%, to $83.90 a barrel, while Brent crude futures gained 34 cents, or 0.38%, to $89.35 a barrel.
The Bank of Japan maintained its target range for short-term interest rates at 0-0.1% and forecasted inflation to remain at 2% for the following three years.
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