News Overview

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.

The agreement involves the acquisition of 100% stake in Blazeclan Technologies, a Pune-based IT firm.

Bajaj’s recently launched 3W EVs are also making a mark in the limited markets, where they have been introduced. Analysts of IIFL Capital Services upgrade EPS by 2-3%. They expect Bajaj to clock 14% EPS Cagr over FY24-26 on 10% volume growth. Retain BUY with TP of Rs9,500.

The FPO comprises freshly issued equity shares worth up to ₹18,000 Crore.

BOJ Governor Kazuo Ueda highlighted the potential influence of currency fluctuations on the timing of the next policy change on Thursday.

In terms of incremental capacity addition, analysts of IIFL Capital Services see limited impact led by staggered addition by the large names amid a strong demand growth in India.

The company's net profit for the same period last year was ₹69.8 Crore, while this year's net profit was ₹203.2 Crore.

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.

The second contract, at ₹52.74 Crore, involves civil and architectural works for the bunker area, powerhouse superstructure, etc.

Salil Parekh, Chief Executive Officer and Managing Director, establishes and evolves the strategic direction for the firm and its portfolio of solutions.