News Overview

It further stated that the total amount of demand is ₹5.51 Crore, including interest of ₹2.99 Crore.

These fall within IIHL's major BFSI campaign. After more than nine or ten months of development, the planned deal is currently at an advanced stage.

JSW Energy's shares closed more than 4% higher on April 2 at ₹542 on the NSE.

According to the company's annual report, Goenka was paid a total of ₹35 Crore in FY23. This amount consisted of ₹21 Crore in salary and benefits, ₹9 Crore in variable pay, ₹5 Crore as a one-time payment, and ₹0.2 lakh as a provident fund contribution.

U.S. West Texas Intermediate (WTI) crude futures for May increased by 17 cents, or around 0.2%, to $85.32 a barrel, while Brent futures for June delivery increased by 20 cents, or 0.22%, to $89.12 per barrel.

After reaching its highest levels in over five months in the previous session, the U.S. dollar decreased by 0.1%, lowering the price of gold for holders of other currencies.

Analysts of IIFL Capital Services upgrade FY25/26 EPS by 2-3% to account for higher margins led by the Pen-G project and their TP of Rs1,330 (19x 2YF EPS) implies 21% upside. Although analysts of IIFL Capital Services base case assumes an OAI/WL on Eugia Unit-3, an import alert will lead to 5-7% downgrade to their Ebitda estimates in the worst-case scenario.

the euro increased by 0.02% to $1.0772, moving away from a low reached more than a month ago during the previous session when the US dollar experienced some profit-taking late into the night.

As LTFH reduces the share of unsecured loans (53% of retail) and increases focus on prime customers, analysts of IIFL Capital Services anticipate a period of transition before lower opex and credit costs can offset margin pressures, like in case of MMFS. LTFH’s ROEs are expected to be constrained at ~13.5% by FY26 due to low leverage and consequently retain analysts of IIFL Capital Services ADD rating.

Tractors declined ~25% YoY in Mar’24 and ended FY24 down 7-8% YoY. Although the end-demand has been weak, the rate of decline was magnified in March, due to a shift in the festive calendar (high base in March 2023).