Improved efficiency in collections over the next few quarters should positively impact asset quality, leading to reduced provisioning needs and boosting bottom-line growth, ROAs, and ROEs. Therefore, within the NBFC sector, microfinance is not advisable at this moment, but qualitative stocks like Chola are worth considering
Posts in category All News
More earnings cut could be in the offing, warns Sunil Tirumalai of UBS (12-11-2024)
Since the announcement of stimulus in China, India has underperformed EM by ~7%. Despite the underperformance India still screens expensive (down to 70% premium to EM – vs 10 year average of 35%). Of course – this misses the fact that the growth profile for Indian stocks has weakened recently. Seen differently, for the same fundamentals and growth, Indian stocks demand 90% higher valuations. We can become constructive on Indian equities at slightly better valuation levels.
Listing pop or flop? Swiggy shares to debut tomorrow. Check GMP and analysts predictions (12-11-2024)
Food delivery giant Swiggy is set to debut on the stock market on Wednesday with a muted outlook. Despite a respectable overall subscription rate, investor interest was lukewarm, leading to predictions of a flat or even negative listing.
Why Mayuresh Joshi prefers Syngene to Biocon, Paradeep Phosphates to UPL (12-11-2024)
Mayuresh Joshi, Head Equity, Marketsmith India, shared his insights on the performance of various companies. He noted that while UPL’s numbers were below par, Paradeep Phosphates and Sumitomo Chemical delivered strong results. Joshi also highlighted the impressive performance of banks and housing finance companies, while expressing optimism about the rural-focused sector.
Mangal Compusolution IPO opens today: Check issue size, GMP, price band and other details (12-11-2024)
Mangal Compusolution has launched its SME IPO to raise Rs 16 crore, offering shares at Rs 45 apiece. The IT hardware equipment rental and sales company aims to list on NSE SME. The IPO opened on November 12 and closes on November 14, with a potential listing date of November 20.
Stocks that will see action today: November 12, 2024 (12-11-2024)
Buzzing stocks: Max Healthcare, HFCL, Welspun, PowerGrid, Waaree Renewable, Ambuja Cements, Hyundai, Samvardhana, GIC, BSE, FSN e-Commerce, 3m India, Suven Pharma, eIH, RPower, Sundaram-Clayton
Sagility India shares to debut today. Here’s what GMP indicates (12-11-2024)
Sagility India, a technology solutions provider for the US healthcare sector, is set to debut on the stock exchanges. Despite a recent dip in quarterly profit, the company’s IPO, primarily an offer-for-sale, was subscribed three times. The listing follows a strong fiscal year marked by significant profit and revenue growth.
Nykaa shares in focus ahead of Q2 results today. Here’s what to expect (12-11-2024)
Nykaa is poised to announce a threefold surge in net profit for the July-September quarter, driven by robust growth in its beauty and personal care segment. Analysts predict a 26% revenue increase to Rs 1900 crore, fueled by strong omnichannel retail and owned brand performance.
Stock market traders mete out stiffer penalty to firms missing earnings (12-11-2024)
A net income miss for Nifty 50 Index companies triggered a median decline of nearly 1.9 per cent in the stock prices in the current reporting season
Q2 results today: Hyundai, Nykaa among 540 companies to announce earnings on Tuesday (12-11-2024)
Nykaa is predicted to experience a threefold increase in net profit for the second quarter, reaching Rs 1900 crore in revenue. This surge is attributed to the success of their beauty and personal care (BPC) sector. The fashion vertical also showed growth, with revenue growth in the early twenties.