In Q1FY25, the cement sector under Axis Securities’ coverage demonstrated resilience, with a slight decline in revenue, EBITDA, and APAT by 1%, 4%, and 9% YoY, respectively, contrary to the expected growth of 0%, 7%, and 4%. However, the volume growth of 5% was in line with expectations, indicating the sector’s stability. EBITDA margins decreased…
Sensex, Nifty, Share Prices LIVE: With the Q1 earnings season coming to a close, stock markets will focus on global trends and foreign investors’ trading activity this week, according to analysts. The US Federal Open Market Committee (FOMC) minutes are expected to be the primary market driver, along with key global economic data like Japan’s…
The combined market valuation of seven of the top 10 valued firms jumped ₹1,40,863.66 crore in a holiday-shortened last week with the benchmark Sensex gaining nearly 1 per cent. Tata Consultancy Services and Infosys emerged as the biggest gainers in line with an optimistic trend at Dalal Street. Last week, the BSE benchmark rose by…
JSW Cement, part of Sajjan Jindal promoted diversified JSW Group, on Friday filed a draft red herring prospectus (DRHP) with the capital markets regulator SEBI to raise ₹4,000 crore through an initial public offer (IPO). The initial share sale comprises a fresh issue of equity shares worth ₹2,000 crore and an offer for sale (OFS)…
Macquarie on Bharti Airtel Upgrade to O-P, TP raised to Rs 1630 from Rs 1280 Reaffirm constructive earnings & deleveraging thesis See ROIC improving from 10% to 18-20% by FY28E Lift India mobile target EV-EBITDA multiple to 12.5x (from 11.0x) Base case Assume further +15%/10% mobile increase for FY26-27e (Rs205 in FY24 to Rs290-300 FY27e),…
Of late, the number of stocks coming under F&O trading ban on the National Stock Exchange has been on the rise and reaching unimaginable level. Currently, 19 stocks including India Cements, Manappuram Finance, Punjab National Bank, SAIL and Sun TV Network, are under trading ban. According to brokerages, if the current trend sustains, another dozen…
The benchmark indices posted a strong rally on Friday on the back of cooling US. inflation, a decline in the dollar index, and buying in IT stocks. The indices ended the week in the green, shrugging off concerns from the mpox outbreak and allegations from short-seller Hindenburg Research. The Sensex reclaimed the 80,000 mark, gaining…
Target: ₹6,015 CMP: ₹5,125.80 With the launch of differentiated products in FY24, Hero MotoCorp has been successful in building a strong motorcycle product portfolio. In FY25, the company plans to launch both ICE and EV models in the scooter space, as newer models in the premium motorcycle segment. The company has a clear strategy to…
Shares of Ola Electric Mobility Ltd surged 20 per cent on Friday to hit the upper circuit limit on the BSE at ₹132.76 after the Bhavish Aggarwal-led EV maker announced its foray into the electric motorcycle segment with the launch of three models and two more in the pipeline. Investors in the IPO must be…
Target: ₹5,170 CMP: ₹4,769.20 Hindustan Aeronautics’ (HAL) performance missed street’s estimates mainly on the back of weak execution. Key points: EBITDA rose 13 per cent YoY to ₹990 crore (highest-ever for Q1); EBITDA margin was at a healthy level of 22.8 per cent; An income tax refund of ₹440 crore resulted in PAT growth of…
