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India`s first Quanta-mental Style Agnostic and Style Adaptive Investment Strategy By Siddharth Vora, Prabhudas Lilladher PL PMS, the investment management arm of one of India’s most respected financial services firms, Prabhudas Lilladher Group, is thrilled to announce the launch of AQUA (Adaptive. Quantitative. Unbiased. Alpha). AQUA is a new quanta-mental equity PMS strategy, which uses quantitative methods with fundamental principles. AQUA is PL PMS’s second quant – based strategy. This revolutionary solution aims to provide investors with a style, sector, size & benchmark agnostic, ...
India`s first Quanta-mental Style Agnostic and Style Adaptive Investment Strategy By Siddharth Vora, Prabhudas Lilladher
India`s first Quanta-mental Style Agnostic and Style Adaptive Investment Strategy By Siddharth Vora, Prabhudas Lilladher
Source: PR Agency
5/09/2023 6:19:55 PM
August has been weak for global equity markets August has been weak for global equity markets. In the US market, S&P 500 is down by 4 per cent so far this month, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services. This weakness has impacted all other markets including the Indian market where Nifty is down by around 2 per cent so far in August, he said. The global economic scenario and the growth, inflation and interest rate trends in the US will continue to determine stock market trends globally. ...
August has been weak for global equity markets
August has been weak for global equity markets
Source: IANS
28/08/2023 11:44:45 AM
Not just tomatoes: Wider range of food items drive 7%-plus inflation Staples like cereals and pulses are unlikely to offer relief in the near term amid hardening international prices and subdued sowing domestically. This raises the likelihood of inflation remaining above 7 per cent in August, said a research report by broking firm, Prabhudas Lilladher. In July, India witnessed a surge in CPI inflation, reaching a 15-month peak at 7.44 per cent, a significant jump from June's 4.81 per cent. This reveals two primary insights for July's inflation na...
Not just tomatoes: Wider range of food items drive 7%-plus inflation
Not just tomatoes: Wider range of food items drive 7%-plus inflation
Source: IANS
27/08/2023 10:20:08 AM
India Strategy - Headwinds ahead from Amnish Aggarwal, Prabhudas Lilladher Pvt Ltd Below the Report on India Strategy - Headwinds ahead from Amnish Aggarwal - Head of Research, Prabhudas Lilladher Pvt Ltd NIFTY has given more than 14% return in FY24 YTD as India attracted more than USD16.5bn of net FII flows. India seems well poised for growth in longer term, however coming months will be a real test for the economy and markets given 1) EL Nino impact on crops and Inflation as food inflation has spiked to more than 7.4% and rainfall outlook remains subdued...
India Strategy - Headwinds ahead from Amnish Aggarwal, Prabhudas Lilladher Pvt Ltd
India Strategy - Headwinds ahead from Amnish Aggarwal, Prabhudas Lilladher Pvt Ltd
Source: PR Agency
23/08/2023 4:01:02 PM
Orient Electric Ltd (OEL) Q1FY24 Result Update by Praveen Sahay, Prabhudas Lilladher Pvt Ltd Modest performance despite headwinds   * OEL’s revenue at Rs7.1bn (up 13.5% YoY), came 7.0% above cons. est. of Rs6.6bn. The revenue growth was majorly from ECD segment (up 15.6% YoY). * Gross margin expanded by 280bps YoY to 30.7%, improvement aided by product mix changes with focus on Hero products, Project Sanchay and lower commodity prices. * EBITDA came in at Rs440mn (up 15.3% YoY), ~9.3% below cons. est. of Rs485mn. * EBITDA margin expanded by 10bps YoY to 6.2%...
Orient Electric Ltd (OEL) Q1FY24 Result Update by Praveen Sahay, Prabhudas Lilladher Pvt Ltd
Orient Electric Ltd (OEL) Q1FY24 Result Update by Praveen Sahay, Prabhudas Lilladher Pvt Ltd
Source: Prabhudas Lilladher Pvt Ltd
2/08/2023 5:45:31 PM
View on FM`s announcement today on domestic companies can now go in for direct listing on foreign exchanges and IFSC in Ahmedabad By Amisha Vora, Prabhudas Lilladher Below Quote on View on FM's announcement today on domestic companies can now go in for direct listing on foreign exchanges and IFSC in Ahmedabad  By Amisha Vora, Prabhudas Lilladher   "The government’s decision to allow Indian companies to list directly on global exchanges even before being listed on domestic bourses is a very welcome move. Globally, and particularly in the US, some of the Indian businesses are getting much better valuation and much wider i...
View on FM`s announcement today on domestic companies can now go in for direct listing on foreign exchanges and IFSC in Ahmedabad By Amisha Vora, Prabhudas Lilladher
View on FM`s announcement today on domestic companies can now go in for direct listing on foreign exchanges and IFSC in Ahmedabad By Amisha Vora, Prabhudas Lilladher
Source: PR Agency
29/07/2023 5:44:17 PM
Significant increase expected in populist measures in run up-to polls The NDA faces a tough challenge to repeat its 2019 performance. It will be hard for the BJP and NDA to resist throwing such populist measures as a part of its manifesto for long, which will be a big negative for the economy, brokerage firm Prabhudas Lilladher said in a note. The year 2024 will be a do or die elections for both the Congress and BJP. We expect a significant increase in unrest and populist measures in run up-to elections, the report said. Election led populism is likely to...
Significant increase expected in populist measures in run up-to polls
Significant increase expected in populist measures in run up-to polls
Source: IANS
10/07/2023 2:16:58 PM
Indian rupee drops as yuan declines below 7.10/dollar The Indian rupee inched lower on Tuesday, tracking the Chinese yuan-led decline on most Asian currencies, although losses were capped by portfolio inflows. The rupee was at 82.68 to the U.S. dollar by 10:46  a.m. IST, compared to 82.6250 on Monday. It had opened at 82.65 and has been in a near-4 paisa range so far. The Chinese yuan declined against the dollar, falling past the 7.10 level for the first time since Nov last year, weighed by a stuttering economic recovery and a hawkish...
Indian rupee drops as yuan declines below 7.10/dollar
Indian rupee drops as yuan declines below 7.10/dollar
Source: Reuters
30/05/2023 11:08:24 AM
Reduction in oil import bill narrows down India`s trade deficit in November The reduction in oil import bill resulted in narrowing of India's trade deficit in Novermber as compared to October, said Prabhudas Lilladher Pvt Ltd. The trade deficit narrowed month-on-month (MoM) in November to $23.89 billion as against $27.58 billion in October, while up only 13 per cent year-on-year (YoY), said Amnish Aggarwal, Head-Research, Prabhudas Lilladher. According to Aggarwal, the dip was largely on account of decline in imports led by sequential decline in oil imports...
Reduction in oil import bill narrows down India`s trade deficit in November
Reduction in oil import bill narrows down India`s trade deficit in November
Source: IANS
19/12/2022 1:52:27 PM
Russia`s proposed export duty on fertiliser to increase import prices by $70/ton: Prabhubas Lilladher The proposed 23.5 per cent export duty on fertiliser exports by Russia will increase the cost for India by about $70 per ton, as per a report by Prabhudas Lilladher Pvt Ltd. In the research report, Prabhudas Lilladher said while the majority of Russian fertiliser exports are to Europe, there will be trickle down impact on India as well. "The cost of imports is likely to go up by about $70/tonne. However, we understand that the recent government announcement on reduction in fertilis...
Russia`s proposed export duty on fertiliser to increase import prices by $70/ton: Prabhubas Lilladher
Russia`s proposed export duty on fertiliser to increase import prices by $70/ton: Prabhubas Lilladher
Source: IANS
14/11/2022 3:15:22 PM
Hindustan Unilever logs Rs 2,616 crore PAT in Q2  Fast-moving consumer goods major Hindustan Unilever Ltd (HUL) closed the Q2 of FY23 with a net profit of Rs 2,616 crore. The company's Board on Friday, approving the accounts, also declared an interim dividend of Rs 17 per equity share of face value of Re 1 each. For the period under review, HUL had posted a revenue of Rs 14,514 crore (Rs.12.516 crore for Q2FY22) and a net profit of Rs 2,616 crore (Rs.2,187 crore). Looking ahead, the company said the growth will be price-le...
Hindustan Unilever logs Rs 2,616 crore PAT in Q2
Hindustan Unilever logs Rs 2,616 crore PAT in Q2
Source: IANS
22/10/2022 9:14:57 AM
Bond yield eases in early trade ahead of GDP data The yield on government securities in the secondary market fell on Tuesday on value buying ahead of the scheduled release of April-June economic growth data on Wednesday. At 1.40 p.m., the yield on 10-year benchmark 6.54 per cent-2032 bond yield was trading at 7.2046 per cent as compared to 7.2534 per cent closed on the previous trading session. The GDP data for April-June is scheduled to be released on Wednesday. Indian markets will remain shut on Wednesday on account of Ganesh Chaturt...
Bond yield eases in early trade ahead of GDP data
Bond yield eases in early trade ahead of GDP data
Source: IANS
30/08/2022 5:08:06 PM
FPIs increase their holdings sharply in 5 companies as on June 30  Foreign investors have shown more interest in the Indian companies in the April-June quarter, which led to sharp increase in holding of these entities in these five companies. This was even after they remained net sellers of equities in last 9 months before turning buyers since end of July this year. According to the data compiled by Prabhudas Lilladher showed, foreign investors increased their holding in RHI Magnesita India Ltd to 2.2 per cent, as compared to 0.64 per cent as o...
FPIs increase their holdings sharply in 5 companies as on June 30
FPIs increase their holdings sharply in 5 companies as on June 30
Source: IANS
24/08/2022 4:37:07 PM