Nifty Outlook: The index has been trading in a range post the gap down that was witnessed on 18th Jan. The sell-off was largely led by bearish FII activity in all the segments. As far as FII activity is concerned, FII’s have gone aggressively short in index futures at 87,351 – highest since 30th November […]
Lumax Auto Technologies Ltd (LATL) is a prominent member of the Lumax-DK Jain Group. Collaborating with eight international partners, LATL specializes in manufacturing advanced automotive products
We remain upbeat on DLFU’s growth prospects, driven by strong sectoral tailwinds (industrywide consolidation, record low inventory in its home market, and greater preference for branded luxury inventory), an extensive launch pipeline, and expansion of its annuity portfolio. A strong Balance Sheet with consistent cash flow lends further comfort. We upgrade our TP to INR 1,021 (INR 671 earlier) on a higher sales velocity and a strong launch pipeline. Maintain ‘BUY’
Rural B2C business remains a sore point with overall credit costs climbing 15bps YoY in Q3 to 1.7% AUM growth robust at 35% YoY to Rs 3tn+; we expect BAF to surpass Rs 5tn by FY26 Maintain BUY with new TP of Rs 10,105 (vs. Rs 9,605) on rolling valuations to FY26E […]
Timely capacity additions ensures strong growth… About the stock: JK Cement (JKC), one of the leading manufacturers of cement in India, has a total consolidated capacity of 24.4 million tonnes (mtpa), of which grey cement capacity is 22.2 mtpa and white cement (including wall putty) capacity is 2.2 mtpa. Company also has a 159 MW […]
On a fast track – raise to BUY ICE 2W volume growth beats industry at 33% YoY, supporting 26% revenue growth in Q3 Volume uptick bolstered EBITDA margin by 115bps YoY to 11.2%; gross margin also healthy at 26% (+180bps) Upgrade to BUY with new TP of Rs 2,242 (vs. Rs 1,531) […]
Reddy is a 27 year old youth based in Hyderabad. He describes himself as a “Discretionary Derivatives Trader” and trades exclusively in the Nifty options. He is a directional trader and buys or sells Call and Put options depending on his perception of whether the market is Bullish or Bearish
We expect credit growth to accelerate from FY25 with the tightening of systems and processes, a strong distribution channel, the centralising of the credit underwriting process, a stable NIM and return ratios, and an improvement in asset quality. We reiterate ‘BUY’ with a TP of INR900
Kenneth Andrade pointed out that India is amongst the top countries in the world in per capita consumption of alcohol. There will be a rise in the per capita income which will create a premiumisation trend. Where there is a premiumisation of the category, that category has done reasonably well
The domestic auto component industry appears to be in a sweet spot as several tailwinds collude to drive a sustainable long term growth opportunity which include: 1) Indian component industry emerging as one of the beneficiaries of the supply chain derisking strategy by global OEMs post continued supply chain disruptions over the last 3-4 years
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