Going ahead, we expect Nifty 50 to form a higher base while holding the key support zone of 23,700-23,500, which would set the stage for challenging immediate hurdle of 24,500 and eventually head towards 25, 000 in the month of December. Hence, dips should be utilized to accumulate quality stocks in a staggered manner
ITC has already announced the demerger of its hotels business. As part of the scheme, ITC Hotels will become a separate entity which will get listed on the bourses. Shareholders of ITC Limited will be given the shares of the ITC Hotels if they own the stock as on the record date which would be […]
In an interview with CNBC TV18, Madhu Kela pointed out that India is the world’s third-largest alco-bev market by volume, trailing only China and the United States. He explained that the market is projected to grow from ₹1,70,000 crore in FY15 to ₹5,00,000 crore by FY28. However, per capita consumption, particularly of beer, remains significantly lower than global standards, suggesting vast room for expansion
We view DCB will likely serve as a ‘beacon’ of growth, delivering stronger-than-system loans growth and continuing its legacy of doubling the loan book in 3-4 years. Further, its margins are set to expand despite rate cuts, as management tactfully re-calibrates to higher yielding business mix. DCB would also benefit from better fees (higher customer engagement) and improving costs (productivity benefits).
Nuvama has conducted a detailed stock analysis of the most promising emerging stocks like Aimtron Electronics, AWFIS Space Solutions, Balu Forge Industries, Can Fin Homes, Concord Control Systems Ltd, Jana Small Finance Bank Karnataka Bank Ltd, Knowledge Marine & Engineering Works Ltd, Krystal Integrated Services Ltd, Megatherm Induction, Repco Home Finance, Shivalic Power Control, Shriram Pistons & Rings V2 Retail Ltd etc
L&T Finance (LTF), during its Investor Digital Day 2024 (Link) (on 25 Nov’24), provided key insights into its project Cyclops – an AI-driven, multi-dimensional underwriting engine. The MD & CEO, as part of his opening address, highlighted LTF’s transition from being a wholesale lender to diversifying retail and digital initiatives, making it future ready with digital at the core
Time to Act now! – After the recent correction, we believe the market is in the oversold zone. The number of stocks trading above 200 day day-moving average in the NSE 500 universe is hovering around 38% and the long-term average is 55%. Two months back, this number was hovering around 85-90%, typically indicating the overbought territory of the market. In the last 40-50 days, the market saw the journey from overbought to oversold.
HPL is strongly positioned to witness healthy growth led by robust opportunity arising in smart meters segment. Moreover, consumer & industrial segment too is poised to grow considerably in the coming period. We estimate revenue CAGR of ~22% over FY24-27E while EBITDA & PAT to grow at ~28% & ~48% CAGR respectively over the same period
ROHL plans to add ~1,600 rooms across 21 hotels in the next 12 months. We see a 5% growth in ARR in FY25 on the back of healthy domestic demand, constrained supply in the industry, and likely improvement in the product mix. We see ROHL as one of the key beneficiaries of sectoral tailwinds. We downgrade our FY26 EBITDA/PAT estimate by 9%/10% to account for near term margin pressures due to refurbishment and renovations and a slightly lower-than-expected occupancy. We revise our TP to INR431 (12x FY26E EV/EBITDA). Maintain ‘BUY’.
PSP Projects (PSPPL IN) recently signed a definitive agreement with Adani Infra (100% owned by the Adani Group) to sell ~30.07% stake (~50% of total promoter stake of ~60.14%) for INR ~6.9bn, valuing the company at INR 22.8bn. The strategic partnership augers well for both parties
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