Cipla’s shares are in focus as the company reported a 15% YoY increase in consolidated net profit to Rs 1,303 crore for Q2 2024. Revenue rose 6% to Rs 7,051 crore, with EBITDA growing 12%. Despite mixed outlooks from analysts, including BofA’s ‘Underperform’ and UBS’s ‘Buy’ rating, concerns about market challenges and product launch delays persist.
Stocks to buy today: HDFC Bank, L&T among top 9 trading ideas for 30 October 2024 (30-10-2024)
The Indian market is expected to consolidate on Wednesday due to muted global cues. Experts have recommended buying specific stocks such as HDFC Bank, Tech Mahindra, JSW Steel, BEL, HDFC Life, Container Corp, L&T, LIC Housing Finance, and Bank of Baroda for short-term gains. Certain levels and strategies have been advised.
ETMarkets Smart Talk: Capex, industrials, energy transition, and pharma among top bets till next Diwali: Rakesh Parekh (30-10-2024)
Markets had crossed all-time highs last month and despite the recent correction valuations are not cheap, trading at premiums to historic averages especially in the small & mid cap segments.
Fund Manager Talk | Bank stocks will deliver above average performance for next few years: Chandraprakash Padiyar (30-10-2024)
As market cycles change, winners keep changing. Given the key events lined up – RBI rate cut cycle (which will eventually begin in next few months), US presidential elections, etc – for the next one year, where do you think the puck is going to be in Samvat 2081?
EFC – Entrepreneurial Facilitation Centre (30-10-2024)
Please pardon my ignorance but can you help me where did you get this concall transcript from ? I know alphastreet does it but beyond a point it asks to register. Asking because I track 300+ companies and there are usally 4-5 calls and I often miss them so have to read transcript immediately.
PDS consolidated net profit rises 10.46% in the September 2024 quarter (30-10-2024)
Sales rise 34.25% to Rs 3306.29 crore
Asia shares stumble on China headwinds; gold and bitcoin buoyant (30-10-2024)
MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.22 per cent in early trade, tracking a decline in Chinese assets
Srivari Spices and Foods Limited (30-10-2024)
Can u pls elaborate on your message for better clarity in this company.
CAMS – Indirect Bet on Financialization? (30-10-2024)
CAMS Q2 FY25 Earnings Call:
| Division | Revenue Growth (YoY) | Key Highlights |
|---|---|---|
| Mutual Funds | 32.9% | * Fastest quarterly AUM growth ever, adding nearly 5 lakh cr in a single quarter. * Equity assets grew 59.4%, exceeding industry growth of 53.5%. * Gained market share in equity AUM, reaching 66%. * Record high SIP registrations and strong retail participation. |
| Alternatives | 21% | * Rebounded from a decline in the previous quarter. * Highest number of quarterly new mandates at 57. * Growth driven by new signings and adoption of digital solutions like the CAMS Serv 360 platform. |
| CAMS KRA | 56% | * Expanded client base with 26 new fintech platforms added. * Strong growth attributed to increasing investor diversification, leading to multiple KYC registrations. * Launched new products, including a KYC dashboard and WhatsApp KYC, to enhance customer onboarding. |
| CAMS Insurance Repository | Not specified | * Added nearly 1 million e-policies in Q2, doubling the quarterly additions from the previous year. * Onboarded SBI General and ICICI Prudential as integrated insurers on the “Bima Central” platform. |
| CAMS Pay | 69% | * Driven by growth in UPI AutoPay and recurring payments. * Added 23 new logos in Q2, including LIC for payment gateway services. * Increased adoption of CAMS Pay for MF SIPs and other recurring payments. |
| Account Aggregator | 170% | * Holding a market share of 16.5%. * Revenue growth driven from a small base, but expected to scale up in the coming quarters. * Seeing some cannibalization from Algo 360 due to overlap with the account aggregator model. |
| NPS | 2.5x | * Crossed 1 lakh subscribers and maintained its position as the second-largest eNPS player. * Partnered with Indian Bank for onboarding eNPS customers. |
| MF Central | Not specified | * Revenue of 1.7 crores in the current quarter, split equally between CAMS and KFintech. * Formation of a JV with KFintech to further develop the platform and expand its capabilities, including facilitating financial transactions like loans against mutual funds. |
| Think 360 | Revenue Decline | * Experienced revenue decline due to cannibalization from the account aggregator business. * Some US analytics contracts came to an end, contributing to the decline. |
Overall, the sources highlight strong growth across most of CAMS’ divisions. While MF revenue growth is expected to moderate, the non-MF businesses are poised for continued expansion, contributing to the company’s revenue diversification strategy.