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India August retail inflation expected below 7% - Nikhil Gupta, Motilal Oswal India's annual retail inflation in August is expected to fall below 7% after unexpectedly rising to a 15-month-high of 7.44% in July, an economist at Motilal Oswal said on Thursday. Retail inflation rose as of last count as prices of vegetables and cereals skyrocketed, beating all market expectations and putting pressure on the government to bring down prices. "I think we must look at the drivers of higher inflation in India and not unnecessarily be worried about vegetable-led ...
India August retail inflation expected below 7% - Nikhil Gupta, Motilal Oswal
India August retail inflation expected below 7% - Nikhil Gupta, Motilal Oswal
Source: IANS
17/08/2023 2:27:50 PM
India`s two-wheeler sales likely to improve as early as September - analysts Indian two-wheeler makers could begin posting better wholesale numbers as early as September as exports pick up and domestic demand improves in the upcoming festival season, analysts said this week. The outlook comes after two-wheeler makers such as Bajaj Auto and Hero MotoCorp reported dismal sales volumes for July. "The incessant rains and the floods caused crop damage in several states, and also resulted in a sharp decline in customer footfall at dealerships," Hero MotoCorp...
India`s two-wheeler sales likely to improve as early as September - analysts
India`s two-wheeler sales likely to improve as early as September - analysts
Source: Reuters
2/08/2023 7:48:55 PM
Neutral Tata Communications Ltd For Target Rs.1,450 - Motilal Oswal Financial Services A good acquisition at a reasonable price   TCOM has announced the acquisition of US-listed CPaaS player Kaleyra Inc. at an enterprise value of USD250m. Here are the key highlights of the transaction: * Acquisition of Kaleyra, being top 5 CPaaS player at an EV of USD250m implying EV/Sales and EV/EBITDA of 0.8x/13x on CY22 seems a good acquisition at a reasonable price. * This should accelerate growth which has been a key hurdle for TCOM given Kaleyra’s complimenting portfol...
Neutral Tata Communications Ltd For Target Rs.1,450 - Motilal Oswal Financial Services
Neutral Tata Communications Ltd For Target Rs.1,450 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd.
30/06/2023 12:26:19 PM
Deficient rainfall, lower sowing may push up rice price and inflation Deficient rainfall, lower sowing and reservoir levels do not bode well for the Indian farm sector and inflation, said Motilal Oswal Financial Services in a report. Deficient rainfall and consequently lower rice sowing will push rice prices higher. Rising global rice prices would further push local prices up. Rice constitutes around 4.4 per cent of the overall consumer price index (CPI) basket. As of June 22, water reservoir levels stood at about 26 per cent of its live storage capacity,...
Deficient rainfall, lower sowing may push up rice price and inflation
Deficient rainfall, lower sowing may push up rice price and inflation
Source: IANS
26/06/2023 5:38:42 PM
Buy State bank of India Target Rs.700 - Motilal Oswal Financial Services Balance sheet strengthens further; RoA/RoE surpass long-term average Tech becoming key growth enabler; net NPAs lowest in past two decades * State Bank of India’s(SBIN) FY23 annual report highlights that the bank is steadily strengthening its balance sheet and consistently delivering healthy RoE while maintaining its leadership position. *The bank continues to focus on building a superior loan book, as evident in a steady decline in stressed assets, improving PCR and robust loa...
Buy State bank of India Target Rs.700 - Motilal Oswal Financial Services
Buy State bank of India Target Rs.700 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
19/06/2023 2:35:19 PM
IKIO Lighting Ltd raises Rs 182 crore from 14 anchor investors IKIO Lighting Limited, leading manufacturer of Light Emitting Diode (LED) Lighting in India, has garnered Rs 181.94 crore from 14 anchor investors ahead of its initial public offering that opens for public subscription on Tuesday, June 06, 2023. The company informed the bourses that it allocated 63,84,209 equity shares at Rs. 285 per share on Monday, June 05, 2023, to anchor investors.   Foreign Investors and Domestic Institutions who participated in the anchor were HDFC ...
IKIO Lighting Ltd raises Rs 182 crore from 14 anchor investors
IKIO Lighting Ltd raises Rs 182 crore from 14 anchor investors
Source: PR Agency
5/06/2023 8:16:36 PM
Motilal Oswal Foundation aims to transform schools for tribal children in Wada, Palghar  Motilal Oswal Foundation Revives The New English School and Empowers Wada's Underprivileged and tribal Communities. The culture of giving back to society is deeply embedded in Motilal Oswal Group since its inception. From education to helping social causes, we have always tried to give our due to society. To formalize these social initiatives, we decided to go a step further and Motilal Oswal Foundation was formed in 2011. The Foundation is driven by our motto of 'K...
Motilal Oswal Foundation aims to transform schools for tribal children in Wada, Palghar
Motilal Oswal Foundation aims to transform schools for tribal children in Wada, Palghar
Source: PR Agency
5/06/2023 3:59:22 PM
Daily Market Commentary : Nifty opened lacklustre but started gaining strength during mid market Says Mr. Siddhartha Khemka, Motilal Oswal Daily market commentary 28 April 2023 by Mr. Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.   Nifty opened lacklustre but started gaining strength during mid-market. It witnessed a sharp jump in the last 30 minutes to cross the 18k mark and close with gains of 149 points (+0.8%) at 18065 levels. Strong buying was also seen in the broader market with Midcap 100 up 1% and Smallcap 100 up 0.7%. All sectors ended in green with PSU Bank and IT...
Daily Market Commentary : Nifty opened lacklustre but started gaining strength during mid market Says Mr. Siddhartha Khemka, Motilal Oswal
Daily Market Commentary : Nifty opened lacklustre but started gaining strength during mid market Says Mr. Siddhartha Khemka, Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
28/04/2023 4:42:15 PM
Daily Market Commentary : Nifty opened positive but remained lacklustre in the first half Says Mr. Siddhartha Khemka, Motilal Oswal Daily market commentary 24 April 2023 by Mr. Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.   Strong results from index heavyweights led domestic indices to inch higher. Nifty opened positive but remained lacklustre in the first half. The index gained momentum in the second half of the session to close near the day’s high with gains of 119 points at 17743 levels. The banking sector was the top gainer up 1%, followed by the realty se...
Daily Market Commentary : Nifty opened positive but remained lacklustre in the first half Says Mr. Siddhartha Khemka, Motilal Oswal
Daily Market Commentary : Nifty opened positive but remained lacklustre in the first half Says Mr. Siddhartha Khemka, Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
24/04/2023 4:58:54 PM
Daily Market Commentary : Nifty remained lackluster and moved in a narrow range to close flat at 17624 levels Says Mr. Siddhartha Khemka, Motilal Oswal Below Daily market commentary 21 April 2023 by Mr. Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.   ‘Nifty remained lackluster and moved in a narrow range to close flat at 17624 levels. Sectorially it was a mixed bag with FMCG and IT outperforming. While major selling was seen in Realty, Metals, and Auto. Markets on Monday will react to Reliance and ICICI Bank results outcome. Also, the IPO market will be back in action with Mankind...
Daily Market Commentary : Nifty remained lackluster and moved in a narrow range to close flat at 17624 levels Says Mr. Siddhartha Khemka, Motilal Oswal
Daily Market Commentary : Nifty remained lackluster and moved in a narrow range to close flat at 17624 levels Says Mr. Siddhartha Khemka, Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
21/04/2023 4:50:08 PM
Daily Market Commentary : Nifty after gaining nine consecutive trading sessions Says Mr. Siddhartha Khemka, Motilal Oswal Daily market commentary 19 April 2023 by Mr. Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd. Nifty opened flat and continued to remain in negative territory throughout the session to close with a loss of 41 points at 17619 levels. Sectorially it was a mixed bag with IT continuing to remain under pressure. However, traction is seen in specialty chemicals on account of attractive valuation and the expectation of improved export demand. Rice-pro...
Daily Market Commentary : Nifty after gaining nine consecutive trading sessions Says Mr. Siddhartha Khemka, Motilal Oswal
Daily Market Commentary : Nifty after gaining nine consecutive trading sessions Says Mr. Siddhartha Khemka, Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
19/04/2023 4:55:26 PM
Gold prices go up on Friday Gold prices on Friday -- the last day of the week and FY23 -- went up with the investors booking profits, said an expert. According to Navneet Damani, Senior Vice President, Commodity Research, Motilal Oswal Financial Services, gold and silver prices witnessed profit booking after gaining by more than 1 per cent, on the back of steady dollar. "Broader trend on COMEX could be in the range of $1,970-1,995 (per troy ounce) and on domestic front prices could hover in the range of Rs 59...
Gold prices go up on Friday
Gold prices go up on Friday
Source: IANS
31/03/2023 3:52:02 PM
Post Budget Analysis : The budget remains focused on long-term economic growth Says Motilal Oswal, Motilal Oswal Financial Services Below is Perspective on Union Budget 2023 by Mr. Motilal Oswal, MD & CEO, Motilal Oswal Financial Services The budget remains focused on long-term economic growth through capex and sops to boost consumption for the middle-income group. This would support strong corporate earnings with positive bias for sectors like infra, housing, cement, cap goods, auto and tourism. Despite upcoming state elections, the government did not deliver a populist budget and tried to maintain fiscal pru...
Post Budget Analysis : The budget remains focused on long-term economic growth Says Motilal Oswal, Motilal Oswal Financial Services
Post Budget Analysis : The budget remains focused on long-term economic growth Says Motilal Oswal, Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
1/02/2023 4:48:23 PM
KreditBee closes $200 mn Series D from Advent International, MUFG Bank, others Fintech platform KreditBee on Friday said it has closed $200 million in its Series D round by raising additional $100 million in primary funding Advent International, Mitsubishi UFJ Financial Group (MUFG) and existing investors. Last month, the company raised tranche 1 of Series D from MUFG, Japan's largest bank, along with existing investors Premji Invest, Motilal Oswal Alternates, NewQuest Capital Partners, and Mirae Asset Venture Investments. KreditBee said the additional capital...
KreditBee closes $200 mn Series D from Advent International, MUFG Bank, others
KreditBee closes $200 mn Series D from Advent International, MUFG Bank, others
Source: IANS
6/01/2023 4:15:34 PM
Fintech platform KreditBee raises $80 mn, aims to diversify portfolio  Leading fintech platform KreditBee on Friday said it has raised $80 million as part of its ongoing Series-D investment round, as it aims to cross asset under management (AUM) of more than $1 billion over the next 6-9 months. The company said it will use the funds used to diversify its product portfolio and strengthen its tech stack to serve more than 400 million Indians on its platform. The current investment saw active participation from existing investors Azim Premji's Premj...
Fintech platform KreditBee raises $80 mn, aims to diversify portfolio
Fintech platform KreditBee raises $80 mn, aims to diversify portfolio
Source: IANS
2/12/2022 4:45:05 PM
Key Stock News: Max Financial Services, DHFL , Motilal Oswal , NDTV , Kotak Mahindra Bank - ARETE Securities Max Financial Services gets Irdai nod to acquire residual stake in Max Life Max Financial Services, the promoter of insurer Max Life Insurance, has received the insurance regulator’s (Irdai) approval to purchase the remaining stake of 5.17 per cent in the life insurance company held by Mitsui Sumitomo Company Limited (MSI). This transaction is expected to be completed in the next fortnight, the company said in a statement on Monday. DHFL 34,615 cr loan fraud case: Money laundered...
Key Stock News: Max Financial Services, DHFL , Motilal Oswal , NDTV , Kotak Mahindra Bank - ARETE Securities
Key Stock News: Max Financial Services, DHFL , Motilal Oswal , NDTV , Kotak Mahindra Bank - ARETE Securities
Source: ARETE Securities Ltd
29/11/2022 9:41:25 AM
Motilal Oswal Alternates commits INR 450 Cr with Shapoorji Pallonji Real Estate Motilal Oswal Alternates (“MOA”), the alternative investments arm of Motilal Oswal Group has committed INR 450 Crore with Shapoorji Pallonji Real Estate. The investment has been made against two projects. One of the projects is a partially completed, leased and operational commercial project located in Manesar. The other project is a residential township project which was launched in 2021 and has seen a positive sales response. The investment, which has been made t...
Motilal Oswal Alternates commits INR 450 Cr with Shapoorji Pallonji Real Estate
Motilal Oswal Alternates commits INR 450 Cr with Shapoorji Pallonji Real Estate
Source: PR Agency
28/11/2022 3:36:50 PM
Buy Bajaj Finance Ltd For Target Rs8,310 - Yes Securities Ltd Earnings in line; digital transformation aiding momentum Raises its customer acquisitions and new loans guidance for FY23 * PAT grew 88% YoY to ~INR27.8b (in line) in 2QFY23. This healthy operational performance was driven by robust customer additions, new loan acquisitions, and strong velocity, aided by its omnichannel strategy and the digital ecosystem. * NII grew 29% YoY to INR55.4b. Other operating income grew 31% YoY, driven by a healthy improvement in fee income and higher treasur...
Buy Bajaj Finance Ltd For Target Rs8,310 - Yes Securities Ltd
Buy Bajaj Finance Ltd For Target Rs8,310 - Yes Securities Ltd
Source: Motilal Oswal Financial Services Ltd
22/10/2022 10:57:33 AM
Buy Wipro Ltd For Target Rs. 380 - Motilal Oswal Financial Services Slowdown in Consulting to dampen revenue growth Margin recovery to take some time * WPRO reported a 2QFY23 IT Services’ revenue of USD2.8b (up 4.1% QoQ in CC terms), in line with its guidance and our estimate (including a 130bp gain from the Rizing acquisition). The EBIT margin in IT Services stood in line at 15.1% (up 10bp QoQ). Its 3QFY23 USD CC revenue growth guidance of 0.5- 2% QoQ was disappointing and missed our estimate by 50bp. The management also guided at a stable margin...
Buy Wipro Ltd For Target Rs. 380 - Motilal Oswal Financial Services
Buy Wipro Ltd For Target Rs. 380 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
14/10/2022 3:52:49 PM
Buy Apl Apollo Tubes For Target Rs. 1,330 - Motilal Oswal Financial Services APL Apollo Tubes (APAT)’s long-term growth story remains intact underpinned by growing application and rising consumption of structural steel tubes in residential & commercial buildings, warehouses, factories, agriculture and other infrastructure works. The industry, post-inventory destocking in the last quarter because of higher steel prices, is now witnessing channel re-stocking led by correction in steel prices From our channel checks, we sense the overall demand scenario to b...
Buy Apl Apollo Tubes For Target Rs. 1,330 - Motilal Oswal Financial Services
Buy Apl Apollo Tubes For Target Rs. 1,330 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
11/10/2022 2:43:09 PM
Buy TCS Ltd For Target Rs.3580 - Motilal Oswal Financial Services Stable deal TCV to allay concerns on near-term growth * TCS reported revenue of USD6.87b in 2QFY23, up 4.0% QoQ in constant currency (CC) terms, 50bp above our estimates. The company reported deal wins of USD8.1b (up 7% YoY/flat QoQ, book-to-bill ratio at 1.2x), in line with     its historical trajectory * EBIT improved 90bp QoQ to 24% (vs. our estimate of 23.5%) despite supply pressures. Lower employee expenses, operating leverage, and lower subcontractor expenses a...
Buy TCS Ltd For Target Rs.3580 - Motilal Oswal Financial Services
Buy TCS Ltd For Target Rs.3580 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
11/10/2022 2:28:06 PM
Daily Market Commentary :Positive global cues provided strong jump to domestic markets Says Mr. Siddhartha Khemka, Motilal Oswal Daily market commentary 04 October 2022 by Mr. Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd. Positive global cues provided strong jump to domestic markets. Nifty opened positive and gained strength throughout the day to close with gains of 2.3% at 17,274. Asian equities were closed while US markets gained on hopes of some support from FED after the country’s manufacturing data came in lower than expectations.Global factors have largely bee...
Daily Market Commentary :Positive global cues provided strong jump to domestic markets Says Mr. Siddhartha Khemka, Motilal Oswal
Daily Market Commentary :Positive global cues provided strong jump to domestic markets Says Mr. Siddhartha Khemka, Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
4/10/2022 5:28:04 PM
Daily Market Commentary : Deteriorated global economic environment has led to sharp surge in bond yields Says Mr. Siddhartha Khemka, Motilal Oswal Daily market commentary 29 September 2022 by Mr. Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd. Deteriorated global economic environment has led to sharp surge in bond yields and dollar index which has instilled fears of recession. Given this backdrop, market is expecting RBI in its policy meeting outcome to raise interest rate by 50bps.  Investors would also on Friday react to GDP and Initial jobless claim data due later today in the evenin...
Daily Market Commentary : Deteriorated global economic environment has led to sharp surge in bond yields Says Mr. Siddhartha Khemka, Motilal Oswal
Daily Market Commentary : Deteriorated global economic environment has led to sharp surge in bond yields Says Mr. Siddhartha Khemka, Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
29/09/2022 5:25:13 PM
Funds managed by Motilal Oswal Private Equity, India SME and Motilal Oswal Finvest Limited invest in Simpolo Group Leading Indian financial institutions commits USD 66 Mn to support Simpolo Group in expanding share and penetration in the fast growing luxury and premium tiles market in India by new investments in sales, services and latest technology production facilities Mumbai India Business Excellence Fund – IV, a fund managed and advised by MO Alternate Investment Advisors Private Limited (“MOPE”), along with India SME Investments - Fund I and Motilal Oswal Finvest Limited hav...
Funds managed by Motilal Oswal Private Equity, India SME and Motilal Oswal Finvest Limited invest in Simpolo Group
Funds managed by Motilal Oswal Private Equity, India SME and Motilal Oswal Finvest Limited invest in Simpolo Group
Source: PR Agency
1/09/2022 4:30:39 PM
ICICI Bank trading record high in morning trade  ICICI Bank has been trading at a record of Rs 885 during the early morning trade on Thursday. Motilal Oswal's report said that the bank's annual report reaffirms our view that the bank is progressing well in its endeavour to strengthen its Balance Sheet, with a strong focus on the retail franchise. The private lender's retail portfolio has been leading the overall loan growth, the SME and Business Banking portfolio grew 39 per cent on-year in FY22 and constitutes 11 pe...
ICICI Bank trading record high in morning trade
ICICI Bank trading record high in morning trade
Source: IANS
18/08/2022 1:44:00 PM
If softening of inflation continues further, then it would eventually lead Fed to taper its aggression: Sneha Poddar Sneha Poddar, AVP Research, Broking & Distribution, Motilal Oswal Financial Services, said if the softening of inflation continues further, then it would eventually lead to the US Federal Reserve to taper its aggression. The Reserve Bank of India (RBI) is more likely to follow the US Fed and thus would not taper its tone till its is adopted by the latter. Here are excerpts from the interview: Q. Do you think after US CPI inflation print which came below estimates will allow Fed to g...
If softening of inflation continues further, then it would eventually lead Fed to taper its aggression: Sneha Poddar
If softening of inflation continues further, then it would eventually lead Fed to taper its aggression: Sneha Poddar
Source: IANS
13/08/2022 12:41:44 PM
Buy Steel Authority of India Ltd For Target Rs.96 - Motilal Oswal Earnings disappoint, but costs to peak in 2QFY23 * SAIL’s revenue grew 16% YoY but dipped 22% QoQ to INR240b in 1QFY23, ~8% ahead of our estimate. The beat was largely driven by 9% ASP beat. * EBITDA contracted 65% YoY and 47% QoQ to INR23b due to consumption of coking coal at peak coal prices. Management highlighted that it had purchased coal at even near-peak rates and the same was consumed in 1QFY23. This together with falling steel prices led to a sharp drop in EBITDA. EBITDA/...
Buy Steel Authority of India Ltd For Target Rs.96 - Motilal Oswal
Buy Steel Authority of India Ltd For Target Rs.96 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
13/08/2022 11:26:55 AM
ICICI Bank is covered by 51 analysts on the Street and enjoys 98% Buy ratings  Among the Nifty constituents, Maruti Suzuki and Bajaj Auto are the most widely covered stocks on the Street with 54 analysts covering the stocks while Grasim Industries and Bajaj Finserv are the least covered stocks with 10 analysts covering these stocks, as per a report by Motilal Oswal Financial Services. ICICI Bank is covered by 51 analysts on the Street and it enjoys 98 per cent Buy ratings, followed by L&T (98 per cent), ITC (97 per cent), SBI (96 per cent) and HDFC (96 per ...
ICICI Bank is covered by 51 analysts on the Street and enjoys 98% Buy ratings
ICICI Bank is covered by 51 analysts on the Street and enjoys 98% Buy ratings
Source: IANS
11/08/2022 11:56:55 AM
Perspective on RBI MPC rate hike by Mr. Motilal Oswal, Motilal Oswal Financial Services Ltd Perspective on RBI MPC rate hike by Mr. Motilal Oswal, MD & CEO, Motilal Oswal Financial Services Ltd “RBI in its latest MPC meeting has hiked the repo rate by 50bps to 5.4% - levels which was seen before the Covid-19 pandemic. The Central Bank raised the interest rate for the 3rd consecutive month since May’22 by cumulatively 140 bps in its effort to contain inflation. Despite this sharp hike, RBI expects the inflation to remain above its comfort zone and has retained its ...
Perspective on RBI MPC rate hike by Mr. Motilal Oswal, Motilal Oswal Financial Services Ltd
Perspective on RBI MPC rate hike by Mr. Motilal Oswal, Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
5/08/2022 3:40:43 PM
Q1 corporate earnings growth led by BFSI sector: Motilal Oswal The corporate earnings growth during the first quarter of the current fiscal is largely led by the banking, financial services and insurance (BFSI) sector and also helped by credit cost moderation, Motilal Oswal Financial Services Ltd said in a report. Studying the results of corporates tracked by it, Motilal Oswal said that the BFSI sector has driven 124 per cent of the incremental year-on-year (YoY) earnings growth during the 1QFY23 which was largely subdued. Loan growth has spiked fu...
Q1 corporate earnings growth led by BFSI sector: Motilal Oswal
Q1 corporate earnings growth led by BFSI sector: Motilal Oswal
Source: IANS
2/08/2022 5:23:11 PM
Government spending grew at an eight-month high in May 2022 - Motilal Oswal Achieves 15% of its FY23BE in Apr-May’22 v/s 14% in Apr-May’21 * Total receipts for the Centre contracted by 12.1% YoY in May’22, after a sharp growth of 35.1% YoY in Apr’22, due to a 63% YoY decline in non-tax receipts during the month. This was largely on account of the less than half of the dividend received by the Centre in May’21. * Total receipts for the Centre stood at INR3.8t in Apr-May’22, a growth of only 7.6% YoY. With this, the Centre has ...
Government spending grew at an eight-month high in May 2022 - Motilal Oswal
Government spending grew at an eight-month high in May 2022 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
1/07/2022 12:44:00 PM
Buy Tata Motors Ltd For Target Rs.530 - Motilal Oswal Semiconductor availability improves QoQ, but misses our estimates Order book at 168k units| Range rover launched successfully Wholesale volumes improve by 11% QoQ Wholesale volumes for JLR (excluding the CJLR JV) declined by 38% YoY (+11% QoQ) to 76.5k units in 4QFY22 (est. 81.7k units). Production improved by 15% QoQ to 82.7k units in 4QFY22, reflecting an improvement in semiconductor supplies. On a QoQ basis, Wholesale volumes for Defender/Range Rover Sport/ Discovery grew by...
Buy Tata Motors Ltd For Target Rs.530 - Motilal Oswal
Buy Tata Motors Ltd For Target Rs.530 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
13/04/2022 11:54:13 AM
Buy VRL Logistics Ltd For Target Rs.690 - Motilal Oswal New branch additions to support volume growth We attended VRLL’s investor call to get a sense of the recent developments and business outlook in the Logistics sector. The management touched upon various aspects like: a) volume movement in recent times, b) rising fuel prices, c) branch addition strategy, and d) market share shift towards organized players. Here are the key takeaways from that interaction: Business activity: Logistics activity has been pretty strong in 4QFY22. VRLL ...
Buy VRL Logistics Ltd For Target Rs.690 - Motilal Oswal
Buy VRL Logistics Ltd For Target Rs.690 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
29/03/2022 2:14:37 PM
Neutral J K Cement Ltd For Target Rs.2,925 - Motilal Oswal Plans to foray into the Paints business but at a low scale Will it end up as another ineffective capital allocation after Fujairah? JK Cement (JKCE) announced its intention to enter the Paints business through a wholly owned subsidiary, according to the notice given to BSE on 5 th Mar’22. The company will invest INR6b over five years.  It was likely that JKCE might explore opportunities in the Paints business too after Grasim announced its foray into this business in Jan’21...
Neutral J K Cement Ltd For Target Rs.2,925 - Motilal Oswal
Neutral J K Cement Ltd For Target Rs.2,925 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
15/03/2022 1:11:32 PM
Markets likely to fall somewhat more before rising again 22 February 2022 by Mr. Motilal Oswal, MD & CEO, Motilal Oswal Financial Services Markets likely to fall  somewhat more before rising again   It’s a known fact points out that markets globally tend to overreact to geopolitical events. After the Iraqi invasion of Kuwait, for example, the global markets fell but later regained its level within the next six months. If we proxy tensions by looking at Ukrainian EMBI spreads or gold then clearly tensions remain high. In this situation, we think that the key transmission mechanism is not via economic contagi...
Markets likely to fall somewhat more before rising again 22 February 2022 by Mr. Motilal Oswal, MD & CEO, Motilal Oswal Financial Services
Markets likely to fall somewhat more before rising again 22 February 2022 by Mr. Motilal Oswal, MD & CEO, Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
22/02/2022 7:33:33 PM
The commentary around RBI raising rates in its coming meeting would be that much more relevant - Motilal Oswal Financial Services By Mr. Motilal Oswal, MD & CEO, Motilal Oswal Financial Services. The writing was there on the wall. Any sudden and sharp fiscal consolidation steps announced could have throttled the nascent and uneven recovery of the Indian Economy. A 6.9pct fiscal deficit target alleviates that pain. The successive waves of the pandemic have made it more difficult to reduce government debt as a share of GDP in the medium term. The budget has focused on boosting overall demand though and has invested...
The commentary around RBI raising rates in its coming meeting would be that much more relevant - Motilal Oswal Financial Services
The commentary around RBI raising rates in its coming meeting would be that much more relevant - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2/02/2022 2:22:01 PM
Daily Market Commentary 31th November 2021 By Mr. Siddhartha Khemka, Motilal Oswal Below is the Daily Market Commentary 31th November 2021 By Mr. Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd Domestic equities were strong today on the back of expectation of progressive budget and positive global cues. Nifty opened gap up and held on to its gains throughout the day as the Economic survey projected India’s growth in FY22 at 9.2%. FY23 real GDP growth is forecasted at 8-8.5%. Nifty ended with gains of 238 points...
Daily Market Commentary 31th November 2021 By Mr. Siddhartha Khemka, Motilal Oswal
Daily Market Commentary 31th November 2021 By Mr. Siddhartha Khemka, Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
31/01/2022 5:31:39 PM
Cyclicals to drive Q3FY22 earnings growth: MOFSLA Corporate earnings growth for the third quarter of FY22 is expected to be led by cyclical stocks, Motilal Oswal Financial Services (MOSFL) said in a report. Earnings growth is anticipated to be driven by metals, oil and gas and BFSI (Banking, Financial Services and Insurance) sectors. In its report, MOSFL said that economic recovery backed by festive demand, higher commodity prices and improvement in asset quality in financials are expected to back this trend. "There remains a c...
Cyclicals to drive Q3FY22 earnings growth: MOFSLA
Cyclicals to drive Q3FY22 earnings growth: MOFSLA
Source: IANS
15/01/2022 7:00:11 PM
Part III: What explains the massive revisions in EPFO payroll data? By Motilal Oswal * In Part I and II of this series, we argued that: a) there is no wage inflation in India, and b) MGNREGA data suggest continued stress in India’s labor market. In this final part (III) of this series, we analyze the monthly data published by the Employee Provident Fund Organization (EPFO) to get a sense of formal employment in India. * The headline numbers suggest that India’s formal employment in the first seven months of FY22 continues unabated. The net new subscribers to EP...
Part III: What explains the massive revisions in EPFO payroll data? By Motilal Oswal
Part III: What explains the massive revisions in EPFO payroll data? By Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
27/12/2021 11:42:27 AM
Outlook on Samvat 2078 by Mr. Motilal Oswal, Motilal Oswal Financial Services Ltd Below is Outlook on Samvat 2078 by Mr. Motilal Oswal – MD & CEO, Motilal Oswal Financial Services Ltd Equity markets had a historical journey in Samvat 2077, as it touched new life time highs with Nifty/Sensex surpassing 18k/60k mark for the first time in history. The run up in the market has been driven by a strong global liquidity, containment of COVID-19 cases, significant pickup in vaccination and sharp recovery in corporate earnings. Nifty has given more than 40...
Outlook on Samvat 2078 by Mr. Motilal Oswal, Motilal Oswal Financial Services Ltd
Outlook on Samvat 2078 by Mr. Motilal Oswal, Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
29/10/2021 3:47:00 PM
Privatization 2.0: Air India privatized - Motilal Oswal Privatization 2.0: Air India privatized Booster dose for reforms; shot-in-the-arm for divestment agenda * In a major boost to the ongoing reforms program, the Government of India has announced the first privatization after 19 years. Tata Sons won the bid for Air India for an EV of INR180b, bringing to a close a long-drawn process of privatizing the lossmaking Air India. * With this transaction, Privatization 2.0 is likely to get a big boost and would be followed up with the rest of t...
Privatization 2.0: Air India privatized - Motilal Oswal
Privatization 2.0: Air India privatized - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
11/10/2021 10:29:33 AM
Update On Star Health Buy Motilal Oswal Compelling business model in a beckoning industry * Star Health and Allied Insurance (STAR), incorporated in 2006, is the largest private health insurer in India with market share of 15.8% and gross written premium (GWP) of INR93.5b in FY21. * In FY21, the retail health GWP for STAR was over 3x the retail health GWP of the next highest retail health insurance market participant. It has market share of 31% in the Retail Health segment. * During FY18–21, STAR outperformed the ind...
Update On Star Health Buy Motilal Oswal
Update On Star Health Buy Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
11/10/2021 10:07:11 AM
Buy Godrej Consumer For Target Rs.1,250 - Motilal Oswal Performance trending ahead of expectations; promising outlook Even before the new CEO has taken over, likely in Oct’21, GCPL has been performing consistently well in various large categories over the past year. As highlighted in our 1QFY22 results note, both key domestic categories of Household Insecticides (HI) and Soaps posted a double-digit two-year CAGR during the quarter. The sales momentum is also leading to increased asset turns. Consequently, ROCE seems poised to cross 20%...
Buy Godrej Consumer For Target Rs.1,250 - Motilal Oswal
Buy Godrej Consumer For Target Rs.1,250 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
11/09/2021 11:57:13 AM
Buy PI Industries Ltd For Target Rs.3,720 - Motilal Oswal CSM segment going from strength to strength! * PI’s FY21 Annual Report highlights its intention to build multiple growth engines and take PI to the next level in the global arena, with more substantive participation in the Life Sciences domain. Here are the key insights: Pace of commercialization of new molecules increased * Custom Synthesis and Manufacturing (CSM) saw strong growth of 35% YoY (to INR33.2b) in FY21, driven by volume growth in existing products and the commercia...
Buy PI Industries Ltd For Target Rs.3,720 - Motilal Oswal
Buy PI Industries Ltd For Target Rs.3,720 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
11/09/2021 11:38:51 AM
Buy Jubilant Foodworks Ltd For Target Rs.4,830 - Motilal Oswal Building on strengths, growth prospects buoyant JUBI’s FY21 annual report highlights the management’s efforts to stay ahead of its peers and reap the tremendous opportunities in the Indian QSR space. * Boosting its technological capabilities: In addition to its delivery and value moat, JUBI is boosting its technological moat to enhance its lead over its QSR peers and aggregators. Improving its pre-order experience, usage of Hindi and regional languages, and setting up of its...
Buy Jubilant Foodworks Ltd For Target Rs.4,830 - Motilal Oswal
Buy Jubilant Foodworks Ltd For Target Rs.4,830 - Motilal Oswal
Source: Motilal Oswal
11/09/2021 11:11:12 AM
Auto Sector Update - Return of growth, supported by timely capacity addition By Motilal Oswal Ready to roll Return of growth, supported by timely capacity addition | APTY is our top pick * The Indian Tyre industry is expected to recover from five years of weakness and be on a linear growth path (~12% CAGR over FY21-25E), supported by timely capacity expansion across companies. Improving demand, stable competitive intensity, and peak capex (capex of INR116b over FY22-24E v/s INR135.5b over FY19-21) augurs well for profitability. * We estimate 2W/PCR/T&B tyre volumes to clo...
Auto Sector Update - Return of growth, supported by timely capacity addition By Motilal Oswal
Auto Sector Update - Return of growth, supported by timely capacity addition By Motilal Oswal
Source: Motilal Oswal Financial Services
5/08/2021 9:16:16 AM
Banking Sector Update - SBI led consortium recovers a further INR58b via sale of UBL shares By Motilal Oswal SBI led consortium recovers a further INR58b via sale of UBL shares ED confiscates assets worth ~80% of losses caused by three fugitive borrowers * In a recent development, the Debt Recovery Tribunal (DRT) has sold United Breweries (UBL) shares worth INR58b for the SBI-led consortium, which were hitherto owned by Mr. Vijay Mallya. The Banks are expected to recover another INR8b from sale of shares of United Spirits. * In FY19, the consortium had already recovered INR13.6b from the sa...
Banking Sector Update - SBI led consortium recovers a further INR58b via sale of UBL shares By Motilal Oswal
Banking Sector Update - SBI led consortium recovers a further INR58b via sale of UBL shares By Motilal Oswal
Source: Motilal Oswal Financial Services
29/07/2021 12:01:40 PM
WPI inflation moderated to 12.1% YoY in June 21 - Motilal Oswal WPI inflation moderated to 12.1% YoY in Jun’21… …on lower inflation in ‘food’ and ‘fuel and power’ * After rising consistently for five straight months, WPI inflation moderated to 12.1% YoY in Jun’21, against 12.8% YoY in May’21 and -1.8% YoY in Jun’20. This was on account of lower inflation in ‘food’ (primary and manufactured) and ‘fuel and power’ during the month. The number came in marginally below ...
WPI inflation moderated to 12.1% YoY in June 21 - Motilal Oswal
WPI inflation moderated to 12.1% YoY in June 21 - Motilal Oswal
Source: Motilal Oswal
15/07/2021 9:40:23 AM