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Daily Market Commentary : Nifty midcap 100 outperformed, gaining 0.4% while Nifty smallcap 100 was down by 0.6% Says Mr. Siddhartha Khemka, Motilal Oswal Below the Quote on Daily market commentary by Mr. Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services Ltd   Nifty slipped by 169 points to close at 23,645 (-0.7%), amid weak global cues and continued selling by FIIs. However quarterly readjustment in several Nifty indices led stock specific action in the market. Nifty midcap 100 outperformed, gaining 0.4% while Nifty smallcap 100 was down by 0.6%. IT, Pharma and Healthcare indices ...
Daily Market Commentary : Nifty midcap 100 outperformed, gaining 0.4% while Nifty smallcap 100 was down by 0.6% Says Mr. Siddhartha Khemka, Motilal Oswal
Daily Market Commentary : Nifty midcap 100 outperformed, gaining 0.4% while Nifty smallcap 100 was down by 0.6% Says Mr. Siddhartha Khemka, Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
2024-12-30 05:08:25 pm
Daily Market Commentary : Nifty ended marginally higher at 23,813 (+0.3%), amid subdued volumes on account of new year holiday season across global markets Says Mr. Siddhartha Khemka, MOFSL Below the Quote on Daily Market Commentary by Mr. Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services Ltd   Nifty ended marginally higher at 23,813 (+0.3%), amid subdued volumes on account of new year holiday season across global markets. Broader markets were mixed with Nifty midcap 100 down 0.2% and smallcap 100 up 0.2%. Buying interest was seen in Auto and Pharma stocks. Rupee extended its fall for the ninth day in a row on Friday, br...
Daily Market Commentary : Nifty ended marginally higher at 23,813 (+0.3%), amid subdued volumes on account of new year holiday season across global markets Says Mr. Siddhartha Khemka, MOFSL
Daily Market Commentary : Nifty ended marginally higher at 23,813 (+0.3%), amid subdued volumes on account of new year holiday season across global markets Says Mr. Siddhartha Khemka, MOFSL
Source: Motilal Oswal Financial Services
2024-12-27 05:38:30 pm
Natural Gas Quarterly Report : Global natural gas prices traded positive lifted by colder weather, rising by MOFSL According to Motilal Oswal Financial Services, Global natural gas prices traded positive lifted by colder weather, rising geopolitical tensions. U.S. natural gas prices are supported by colder weather forecasts for late November into early December, leading to higher heating demand. Expansion in electricity output in the U.S. is further boosting natural gas usage. U.S. electricity demand is projected to surge nearly 16% over the next five years, more than triple last year's estimate, driv...
Natural Gas Quarterly Report : Global natural gas prices traded positive lifted by colder weather, rising by MOFSL
Natural Gas Quarterly Report : Global natural gas prices traded positive lifted by colder weather, rising by MOFSL
Source: Motilal Oswal Financial Services
2024-12-27 02:35:36 pm
Quote on F&O Expiry by Mr. Chandan Taparia, Head, Equity Derivatives & Technicals, Wealth Management, MOFSL Below the Quote on F&O Expiry by Mr. Chandan Taparia, Head, Equity Derivatives & Technicals, Wealth Management, MOFSL   This week nifty traded in a narrow range of 300 points, showing no clear direction. For the last three days index struggled near the 23870 level on the upside while finding support around 23600 on the downside. This tug of war between bulls and bears led to the formation of multiple Doji candles and inside bars on the daily chart indicating indecision. Nif...
Quote on F&O Expiry by Mr. Chandan Taparia, Head, Equity Derivatives & Technicals, Wealth Management, MOFSL
Quote on F&O Expiry by Mr. Chandan Taparia, Head, Equity Derivatives & Technicals, Wealth Management, MOFSL
Source: Motilal Oswal Financial Services
2024-12-26 04:10:35 pm
Indian telecom industry`s revenue doubled in 5 years, Bharti Airtel biggest gainer The revenue of India’s telecom industry increased 8 per cent (quarter-on-quarter) to Rs 674 billion (13 per cent growth year-on-year) in the second quarter of FY25, mainly driven by tariff hikes, according to a new report.  Driven by three rounds of smartphone tariff hikes, India’s quarterly telecom revenue has almost doubled (up 96 per cent) since September 2019, implying 14 per cent five-year industry revenue CAGR, according to the report by Motilal Oswal Financial Servi...
Indian telecom industry`s revenue doubled in 5 years, Bharti Airtel biggest gainer
Indian telecom industry`s revenue doubled in 5 years, Bharti Airtel biggest gainer
Source: IANS
2024-12-25 12:13:45 pm
Buy InterGlobe Aviation Ltd For Target Rs.5,309 By Elara Capital Ltd Demand set to jet as airports & fleet spike India’s aviation demand has decelerated from 14% average annual growth in FY14-19 to 7% in H2FY24-H1FY25, led by headwinds – delivery issue at Boeing, grounding of InterGlobe Aviation’s (INDIGO IN) Pratt & Whitney (P&W) engine-fitted fleet and constraints at major airports. But demand is set to strengthen (12% CAGR in FY25E-28E) from FY26 due to addition of new airports in Delhi and Mumbai by April’25 (Source: ...
Buy InterGlobe Aviation Ltd For Target Rs.5,309 By Elara Capital Ltd
Buy InterGlobe Aviation Ltd For Target Rs.5,309 By Elara Capital Ltd
Source: Elara Capital
2024-12-25 10:32:48 am
Telecom Sector Update : Subscriber trends normalize for Bharti in Oct`24 By Motilal Oswal Financial Services Ltd * Wireless subs: RJio’s inactive subs cleanup continues; subs recover for Bharti * The industry’s wireless subscribers dipped further by 3.3m MoM (following a ~17m decline in 2QFY25), largely due to the cleanup of inactive subscribers by RJio. However, the impact of tariff hike-led SIM consolidation seems largely behind with net adds recovering for Bharti and gains moderating for BSNL. Excluding IoT devices, wireless subs base declined ~4.8m in Oct’24 (vs. -18.9m in 2QFY...
Telecom Sector Update : Subscriber trends normalize for Bharti in Oct`24 By Motilal Oswal Financial Services Ltd
Telecom Sector Update : Subscriber trends normalize for Bharti in Oct`24 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-12-25 10:01:46 am
Aviation Sector Update : PAX increases on robust demand; IndiGo share at 60%+ by Motilal Oswal Financial Services Ltd PAX increases on robust demand; IndiGo share at 60%+ * Domestic air passenger (PAX) traffic grew ~12% YoY in Nov’24 to 14.3m (up ~4% MoM). It was above pre-COVID levels. Passenger growth increased for IndiGo, SpiceJet, and Akasa MoM. It was flat MoM for Air India group. * Average domestic Passenger Load Factor (PLF) increased 510bp MoM in Nov’24. PLF rose for all the airlines MoM. The On-Time Performance (OTP) increased 90bp MoM for airlines; the domestic average was 66.7% i...
Aviation Sector Update : PAX increases on robust demand; IndiGo share at 60%+ by Motilal Oswal Financial Services Ltd
Aviation Sector Update : PAX increases on robust demand; IndiGo share at 60%+ by Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-12-25 09:54:10 am
Insurance Sector Update : Navigating the changes in surrender charges! by Motilal Oswal Financial Services Ltd Revising commission structure and IRR to tackle the change * New surrender charges were implemented from 1st Oct’24, wherein key changes were: 1) implementation of charges from the first year itself (earlier it was effective from the second year), 2) a revision in the formula for guaranteed surrender value defined by the regulator, and 3) the discounting rate for calculation of surrender value has been linked to the 10-yr G-Sec yield. * These changes are likely to impact VNB margi...
Insurance Sector Update : Navigating the changes in surrender charges! by Motilal Oswal Financial Services Ltd
Insurance Sector Update : Navigating the changes in surrender charges! by Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-12-25 09:46:03 am
Automobiles Sector Update : Moderate growth for PVs in Nov`24 despite a high base by Motilal Oswal Financial Services Ltd HMSI continues to gain share in 2Ws; MM and Toyota outperform in PVs * We have analyzed the segmental volume data for Nov’24 and YTDFY25 for the 2W and PV segments. We note that Nov was expected to be a weak month due to the high base of last year. Despite this, the PV industry has posted a 4% YoY growth in dispatches during the month. * On a YTD basis, while the 2W ICE segment has grown 10.8% YoY, the PV industry has posted just 1% YoY growth. * Within 2Ws, the ICE scooter seg...
Automobiles Sector Update : Moderate growth for PVs in Nov`24 despite a high base by Motilal Oswal Financial Services Ltd
Automobiles Sector Update : Moderate growth for PVs in Nov`24 despite a high base by Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-12-25 09:32:12 am
Daily Market Commentary : Nifty remained lacklustre ahead of Christmas holiday, closing with marginal loss of 0.1% at 23,730 Says Mr. Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services Ltd Below the Quote on by Daily Market Commentary by Mr. Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services Ltd   Nifty remained lacklustre ahead of Christmas holiday, closing with marginal loss of 0.1% at 23,730. Broader markets were mixed with midcap index flat and smallcap index up 0.3%. The Indian rupee hit fresh all-time low of 85.20, weighed by a stronger dollar. FIIs have been net sellers since the past 6 consecutive trading session...
Daily Market Commentary : Nifty remained lacklustre ahead of Christmas holiday, closing with marginal loss of 0.1% at 23,730 Says Mr. Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services Ltd
Daily Market Commentary : Nifty remained lacklustre ahead of Christmas holiday, closing with marginal loss of 0.1% at 23,730 Says Mr. Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-12-24 04:33:38 pm
Buy PNB Housing Ltd For Target Rs.1,160 By Motilal Oswal Financial Services Ltd Strategic shift in product mix; tracking well on execution Mix improvement to aid NIM expansion; recoveries to keep credit costs benign * PNBHF is pivoting its product mix toward the emerging and affordable housing segments, with both these relatively higher-yielding segments now contributing ~23% to the loan mix (compared to ~18% as of Mar’23). This pivot will gradually help the company secure a structural improvement in its blended yields and eventually deliver an expansion in ...
Buy PNB Housing Ltd For Target Rs.1,160 By Motilal Oswal Financial Services Ltd
Buy PNB Housing Ltd For Target Rs.1,160 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-12-24 11:39:59 am
Gold gains 30 pc in 2024, silver 35 pc up on COMEX this year: MOFSL Gold and silver have experienced an impressive rally in 2024, gaining approximately 30 per cent and 35 per cent, respectively, on the Commodity Exchange (COMEX), a report showed on Monday.  While central bank policies and geopolitical risks are significant drivers of gold and silver prices, other factors also play a role in shaping the market, according to the report by Motilal Oswal Financial Services Ltd (MOFSL). In 2024, global demand for precious metals has increased substantia...
Gold gains 30 pc in 2024, silver 35 pc up on COMEX this year: MOFSL
Gold gains 30 pc in 2024, silver 35 pc up on COMEX this year: MOFSL
Source: IANS
2024-12-23 03:31:58 pm
Buy Kajaria Ceramics Ltd For Target Rs.1,450 By Motilal Oswal Financial Services Ltd Subdued growth; lower fuel cost offers respite Volumes and margins in 2H likely to be similar to 1H We hosted the management of Kajaria Ceramics (KJC) in our 10th India Ideation Conference. The management highlighted that KJC gained market share in 1HFY25, aided by strong distribution network and brand positioning. Industry demand remained subdued, with minor improvement seen after the festive season. Management expects margin in 2HFY25 to be similar to 1HFY25. The company is focusing on g...
Buy Kajaria Ceramics Ltd For Target Rs.1,450 By Motilal Oswal Financial Services Ltd
Buy Kajaria Ceramics Ltd For Target Rs.1,450 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2024-12-23 01:00:00 pm
Buy Siemens Ltd For Target Rs.8,000 By Motilal Oswal Financial Services Ltd Transient weakness Siemens Ltd (SIEM) in its analyst call highlighted growth opportunities from new-age technologies such as semiconductors, batteries, photo voltaic, and electric vehicles amid lower capex by the government and private sectors in 1HFY25. The company maintains its selective outlook toward HVDC projects and plans to participate in projects based on VSC technology while most upcoming HVDC projects are likely to be on LCC technology. It maintains a positive outlook on the Ener...
Buy Siemens Ltd For Target Rs.8,000 By Motilal Oswal Financial Services Ltd
Buy Siemens Ltd For Target Rs.8,000 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2024-12-23 12:53:58 pm
Domestic stock markets to end 2024 on positive note, Nifty clocks 13 pc gain Riding on resilient economic growth, the domestic stock markets are ending 2024 on a positive note, with Nifty registering a 13 per cent gain (year-to-date) -- its ninth consecutive year of positive gains, a Motilal Oswal Wealth Management report said on Saturday.  The first half of the year saw robust corporate earnings, a surge in domestic flows, and a resilient macro landscape, driving the Nifty to an all-time high of 26,277 in September. In fact, the markets navigated significa...
Domestic stock markets to end 2024 on positive note, Nifty clocks 13 pc gain
Domestic stock markets to end 2024 on positive note, Nifty clocks 13 pc gain
Source: IANS
2024-12-21 04:51:52 pm
Daily Market Commentary : The broader market was hit even harder, with the Midcap100 and Smallcap100 indices falling 2.8% and 2.2%, respectively Says Mr. Siddhartha Khemka, Motilal Oswal Below the Quote on Daily market commentary by Mr. Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services Ltd   The Nifty index opened flat but sharply declined in the latter half of the session, ending the day with a loss of 364 points (-1.5%) at 23,587. The broader market was hit even harder, with the Midcap100 and Smallcap100 indices falling 2.8% and 2.2%, respectively. Every sector closed in the red, with losses ranging from 1% to ...
Daily Market Commentary : The broader market was hit even harder, with the Midcap100 and Smallcap100 indices falling 2.8% and 2.2%, respectively Says Mr. Siddhartha Khemka, Motilal Oswal
Daily Market Commentary : The broader market was hit even harder, with the Midcap100 and Smallcap100 indices falling 2.8% and 2.2%, respectively Says Mr. Siddhartha Khemka, Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
2024-12-20 05:53:19 pm
India Strategy : Resilience fuels fundraising momentum! By Motilal Oswal Financial Services ltd Resilience fuels fundraising momentum! A blockbuster year – multiple sectors jump on the IPO bandwagon * The Indian IPO market has experienced an impressive year, with equity issuances across various categories increasing by ~2.6x compared to the previous year. This remarkable growth can largely be attributed to the evolving nature of Indian equities, which are introducing new dimensions in the investment landscape, accompanied by robust fund inflows. * In CY24, the Indian mar...
India Strategy : Resilience fuels fundraising momentum! By Motilal Oswal Financial Services ltd
India Strategy : Resilience fuels fundraising momentum! By Motilal Oswal Financial Services ltd
Source: Motilal Oswal Financial Services
2024-12-20 05:51:15 pm
India`s IPO landscape: CY24 a blockbuster year for Indian IPOs: Motilal Oswal Financial Services India has already taken significant strides towards cementing a place of prominence on a global platform. Several factors are conflating to fuel India’s growth aspirations and help it leapfrog its growth curve. A deep, liquid, and thriving financial market will act as a key catalyst for the India growth story. On that front, India is already fairly well-positioned, as evidenced by the resilient fund-raising momentum witnessed by the Indian markets in CY24.   Record fundraisin...
India`s IPO landscape: CY24 a blockbuster year for Indian IPOs: Motilal Oswal Financial Services
India`s IPO landscape: CY24 a blockbuster year for Indian IPOs: Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2024-12-20 05:14:50 pm
Cement industry poised for recovery in 2H FY25 amid competitive pricing dynamics : Motilal Oswal Financial Services Ltd According to Motilal Oswal Financial Services Ltd. (MOFSL) report, the Indian cement industry is expected to see a robust recovery in the second half of FY25, driven by pent-up demand, a rebound in government capex, and sustained momentum in the real estate and housing sectors. Industry volumes grew by 3-5% year-on-year (YoY) during October-November 2024, despite a challenging October due to unseasonal rains, a high base from the previous year, and the overlap of festive seasons. Notably, ...
Cement industry poised for recovery in 2H FY25 amid competitive pricing dynamics : Motilal Oswal Financial Services Ltd
Cement industry poised for recovery in 2H FY25 amid competitive pricing dynamics : Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-12-20 03:12:02 pm
Indian cement industry poised for robust recovery in 2nd half of FY25  The Indian cement industry is projected to see a robust recovery in the second half of FY25, driven by pent-up demand, a rebound in government capex and sustained momentum in the real estate and housing sectors, a Motilal Oswal Financial Services Ltd. (MOFSL) report said on Friday.  Industry volumes grew by 3-5 per cent year-on-year (YoY) during October-November 2024, despite a challenging October due to unseasonal rains, a high base from the previous year, and the overlap of fe...
Indian cement industry poised for robust recovery in 2nd half of FY25
Indian cement industry poised for robust recovery in 2nd half of FY25
Source: IANS
2024-12-20 02:29:24 pm
Oil & Gas Sector Update : Tax reform vital for long-term margin sustainability By Motilal Oswal Financial Services Ltd CGDs: Tax reform vital for long-term margin sustainability * As per a recent media article, the inclusion of natural gas under the GST framework would not be on the agenda for the upcoming 55th GST Council meeting scheduled for 21st Dec’24. However, based on our interaction with GAIL, Indraprastha Gas (IGL) and Adani Total Gas recently, we believe that tax reform now is crucial for city gas distribution (CGD) companies to sustain their long-term margins and cost competitiveness and c...
Oil & Gas Sector Update : Tax reform vital for long-term margin sustainability By Motilal Oswal Financial Services Ltd
Oil & Gas Sector Update : Tax reform vital for long-term margin sustainability By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2024-12-20 10:11:54 am
Technology Sector Update : Recovery picking up pace By Motilal Oswal Financial Services Ltd FY25 guidance upgrade underscores the improving backdrop for Indian IT Accenture (ACN) reported 1QFY25 revenues of USD17.7b, up 8% YoY CC (5% organic), above the upper end of the guided range of 2% to 6%. ACN has upgraded its revenue growth guidance to 4-7% CC (from 3-6% CC) for FY25 (1-4% organic YoY cc). We believe the guidance upgrade, broad-based growth across verticals, and the overall commentary augur well for the sector. ACN’s 1QFY25 results corroborate our view that the tech...
Technology Sector Update : Recovery picking up pace By Motilal Oswal Financial Services Ltd
Technology Sector Update : Recovery picking up pace By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2024-12-20 10:03:23 am
Buy Devyani International Ltd For Target Rs.215 By Motilal Oswal Financial Services Ltd Near-term pressure persists; focus on store expansion We met with Mr. Manish Dawar, CFO of Devyani International (DIL), to discuss the current demand trends, the company’s growth outlook across business verticals, and its long-term strategy. Near-term consumer sentiment remains subdued due to high food inflation, intense competition, and geopolitical challenges. The underlying performance in 2HFY25 will largely be similar to that in 1HFY25. KFC and Pizza Hut (PH) are expected to post...
Buy Devyani International Ltd For Target Rs.215 By Motilal Oswal Financial Services Ltd
Buy Devyani International Ltd For Target Rs.215 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2024-12-20 09:56:34 am
Buy Anant Raj Ltd For Target Rs.1,100 By Motilal Oswal Financial Services Ltd Riding India's data center localization wave RE business to grow steadily, while DC & Cloud will be in the limelight Diversification in progress…: Anant Raj (ARCP) is transitioning from its stronghold in real estate to a diversified business model with strategic investments in data centers (DCs) and cloud services. This shift capitalizes on India's burgeoning data localization and digital transformation trends. With a planned capacity of 300MW for DC over the next 4-5 ye...
Buy Anant Raj Ltd For Target Rs.1,100 By Motilal Oswal Financial Services Ltd
Buy Anant Raj Ltd For Target Rs.1,100 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2024-12-20 09:46:34 am
Technology Sector Update : Healthcare vertical: A pause in the party? By Motilal Oswal Financial Services Ltd The healthcare vertical has been the fastest-growing vertical and has done heavy lifting for growth in recent times. However, with the potential return of Mr. Donald Trump as US President and the prospect of new healthcare reforms, there could be some short-term uncertainty in healthcare spending. In this note, we explore how these potential changes might impact the healthcare sector and what it could mean for the vertical’s growth trajectory. We also examine the implications for Indian...
Technology Sector Update : Healthcare vertical: A pause in the party? By Motilal Oswal Financial Services Ltd
Technology Sector Update : Healthcare vertical: A pause in the party? By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2024-12-19 11:47:58 am
Financials Sector Update : ICRA Webinar on NBFC-MFIs sector outlook By Motilal Oswal Financial Services Ltd FY25 AUM growth to decline to 0-5%; Credit cost to peak at 5.4%-5.6% The MFI and unsecured lending space are currently navigating a difficult landscape, characterized by a significant rise in bad loans. This trend has raised alarms about overleveraging and prompted warnings from regulators. RBI has implemented measures such as raising risk weights, while the MFIN has introduced tighter controls to rein in loan growth. ICRA hosted a webinar to discuss MFI industry trends, asset quality, and pr...
Financials Sector Update : ICRA Webinar on NBFC-MFIs sector outlook By Motilal Oswal Financial Services Ltd
Financials Sector Update : ICRA Webinar on NBFC-MFIs sector outlook By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2024-12-19 11:40:34 am
Buy MTAR Technologies Ltd For Target Rs.2,100 By Motilal Oswal Financial Services Ltd Fueling clean energy liftoff MTARTECH derives the majority of its revenue (~60% in 1HFY25) from the clean energy segments, with most of it coming from one customer, Bloom Energy (BE). As the transitory impact of BE’s product changes is over now, we expect the company to report strong growth in the near term in this segment, led by the revival of orders from BE and the addition of new clients. * MTARTECH witnessed a rough patch over the last couple of quarters due to product trans...
Buy MTAR Technologies Ltd For Target Rs.2,100 By Motilal Oswal Financial Services Ltd
Buy MTAR Technologies Ltd For Target Rs.2,100 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2024-12-19 11:25:07 am
Daily Market Commentary : We expect markets to remain sideways with the Fed commentary determining the near term direction Says Mr. Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services Ltd Below the Quote on Daily Market Commentary by Mr. Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services Ltd   Nifty fell for the third consecutive session, losing 137 points to close at 24,199 (-0.6%) amid selling pressure ahead of US Fed’s Interest rate decision later on Wednesday. Over these three sessions, Nifty dropped by 2.3%.  Broader markets also ended lower with Midcap and Smallcap indices falling by 0.6-0.9% each...
Daily Market Commentary : We expect markets to remain sideways with the Fed commentary determining the near term direction Says Mr. Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services Ltd
Daily Market Commentary : We expect markets to remain sideways with the Fed commentary determining the near term direction Says Mr. Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2024-12-18 05:17:29 pm
Buy CIE India Ltd For Target Rs.575 By Motilal Oswal Financial Services Ltd Indian business to remain the growth driver Europe business unlikely to recover soon We recently met with the management of CIE Automotive India (CIEINDIA), and following are the KTAs from the discussion. For YTDCY24, India business has grown in line with industry trends – underperforming management’s guidance of target to outperform the industry by 5-10%, largely due to the underperformance of its end segments/OEMs that it is exposed to. Going forward, we expect the Indian bus...
Buy CIE India Ltd For Target Rs.575 By Motilal Oswal Financial Services Ltd
Buy CIE India Ltd For Target Rs.575 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2024-12-18 11:36:13 am
Daily Market Commentary : Nifty Sees Sharp Correction, Closes 332 Points Lower at 24,320 Says Mr. Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services Ltd Below the Quote on Daily Market Commentary by Mr. Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services Ltd   Nifty witnessed sharp correction, closing with a loss of 332 points at 24,320 (-1.35%) amid selling pressure in bluechip stocks like HDFC Bank, Reliance, Bharti Airtel amongst others. Broader markets also showed weakness with Midcap and Smallcap indices ending lower by 0.6-0.7% each. The decline came amid weak FII volumes and heig...
Daily Market Commentary : Nifty Sees Sharp Correction, Closes 332 Points Lower at 24,320 Says Mr. Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services Ltd
Daily Market Commentary : Nifty Sees Sharp Correction, Closes 332 Points Lower at 24,320 Says Mr. Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-12-17 05:52:49 pm
Buy Coromandel International Ltd For Target Rs.2000 - Motilal Oswal Financial Services Ltd Lower subsidy; high RM costs continue to hurt performance Operating performance above estimates * Coromandel International (CRIN) reported subdued operating performance in 2QFY25 (EBIT down 10% YoY) due to a lower NBS rate and high raw material prices, partly offset by healthy performance from the crop protection business (EBIT up 24% YoY). * With improved reservoir levels and forecasts of above-normal northeast monsoons, the company is expecting healthy growth in fertilizer volumes...
Buy Coromandel International Ltd For Target Rs.2000 - Motilal Oswal Financial Services Ltd
Buy Coromandel International Ltd For Target Rs.2000 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2024-12-17 11:45:02 am
Hotels Sector Update : Poised for healthy growth in seasonally strong 3Q By Motilal Oswal Financial Services Ltd The Indian hotel industry is poised for a strong 3QFY25 after a relatively softer 1H, which was affected by temporary headwinds. The sector is likely to witness an uptick in 3Q, led by healthy traction in MICE (meetings, incentives, conferences, and exhibitions) activities, which will be supported by a strong wedding season (33% higher muhurats YoY in 3Q). As per our recent channel checks, key hospitality players are likely to witness RevPAR growth of ~10-12% YoY in 3Q, primarily driven by gr...
Hotels Sector Update : Poised for healthy growth in seasonally strong 3Q By Motilal Oswal Financial Services Ltd
Hotels Sector Update : Poised for healthy growth in seasonally strong 3Q By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2024-12-17 11:34:58 am
Buy Kirloskar Oil Engines Ltd For Target Rs.1,540 By Motilal Oswal Financial Services Ltd Attractive valuations versus near-term weakness We hosted the Kirloskar Oil Engines Ltd (KOEL) management for an interactive session on current trends in the genset industry and other areas, such as the emission norm change in industrial engines, export markets, and KOEL’s plans for B2C and Arka Fincap. The genset industry is undergoing a transition phase with near-term weakness seen in volumes, which will normalize in a few quarters. The company is ready for the CEV5 norm shift in t...
Buy Kirloskar Oil Engines Ltd For Target Rs.1,540 By Motilal Oswal Financial Services Ltd
Buy Kirloskar Oil Engines Ltd For Target Rs.1,540 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2024-12-17 11:28:53 am
Buy Cello World Ltd For Target Rs.1000 By Motilal Oswal Financial Services Ltd Penning the growth story ahead Cello World Ltd (CELLO) has achieved significant success within the writing instrument segment (accounted for ~17% of its consolidated revenue in FY24) following its re-entry into the space in CY19. Currently, Unomax (CELLO’s brand) is one of the leading brands in the industry, posting revenue of ~INR3.3b in FY24 (~44% revenue CAGR over FY21-24) along with industry best margin profile. The domestic business accounted for ~60% of segmental revenues in FY...
Buy Cello World Ltd For Target Rs.1000 By Motilal Oswal Financial Services Ltd
Buy Cello World Ltd For Target Rs.1000 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2024-12-17 10:19:44 am
Nifty immediate support is at 24500 then 24300 zones while resistance at 24800 then 25000 zones - Motilal Oswal Financial Services Ltd Nifty  Nifty immediate support is at 24500 then 24300 zones while resistance at 24800 then 25000 zones. Now it has to hold 24600 zones for the next up move towards 24800 then 25000 zones whereas supports can be seen at 24500 and 24300 zones.   Bank Nifty Bank Nifty support is at 53300 then 53000 zones while resistance at 54000 then 54250 zones. Now it has to hold above 53300 zones for a bounce towards 54000 then 54250 levels while support is seen at 53300 then 53000 ...
Nifty immediate support is at 24500 then 24300 zones while resistance at 24800 then 25000 zones - Motilal Oswal Financial Services Ltd
Nifty immediate support is at 24500 then 24300 zones while resistance at 24800 then 25000 zones - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-12-17 09:39:22 am
Daily Market Commentary : Equity benchmark index Nifty traded lower today, closing with loss of 100 points at 24,668 (-0.4%) Says Mr. Siddhartha Khemka, Motilal Oswal Below the Quote on Daily Market Commentary by Mr. Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services Ltd   Equity benchmark index Nifty traded lower today, closing with loss of 100 points at 24,668 (-0.4%).  Broader markets outperformed as Midcap and Smallcap indices ended with gains of 0.6% each. Amongst sectoral indices, the Nifty Metal index dropped over 1%, pressured by weak global prices and concerns over U.S.-China trade d...
Daily Market Commentary : Equity benchmark index Nifty traded lower today, closing with loss of 100 points at 24,668 (-0.4%) Says Mr. Siddhartha Khemka, Motilal Oswal
Daily Market Commentary : Equity benchmark index Nifty traded lower today, closing with loss of 100 points at 24,668 (-0.4%) Says Mr. Siddhartha Khemka, Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
2024-12-16 05:05:31 pm
Cement Sector Update: Demand set to rise, yet pricing remains competitive in 2H - By Motilal OswalFinancial Services Ltd Demand set to rise, yet pricing remains competitive in 2H Industry volume up 3-5% YoY in Oct-Nov’24 * As per our channel checks, industry volume is estimated to have grown 3-5% YoY in Oct-Nov’24 (down 10-11% in Oct’24; up 20-22% YoY in Nov’24). Celebration of Durga Puja and Diwali in Oct’24 vs. Diwali in Nov’23 led to a higher decline in Oct’24, followed by strong growth in Nov’24. There are signs of recovery in cement demand after the fes...
Cement Sector Update: Demand set to rise, yet pricing remains competitive in 2H - By Motilal OswalFinancial Services Ltd
Cement Sector Update: Demand set to rise, yet pricing remains competitive in 2H - By Motilal OswalFinancial Services Ltd
Source: Motilal Oswal Financial Services ltd
2024-12-14 04:34:34 pm
Healthcare Sector Update :-Low base, favorable seasonality drive IPM growth - By Motilal OswalFinancial Services Ltd Low base, favorable seasonality drive IPM growth * The India pharma market (IPM) grew 10.7% YoY in Nov’24 (vs. 5.2% in Oct’24 and 3.4% in Nov’23). The growth was driven by strong outperformance in Derma/Pain/Cardiac. * Acute therapy growth stood at 11% in Nov’24 (vs. 2% in Oct’24 and Nov’23 each), driven by strong growth in Pain and high-single digit growth in AI and Respiratory. * Derma/Pain/Cardiac outperformed IPM by 560bp/240bp/210bp. * For ...
Healthcare Sector Update :-Low base, favorable seasonality drive IPM growth - By Motilal OswalFinancial Services Ltd
Healthcare Sector Update :-Low base, favorable seasonality drive IPM growth - By Motilal OswalFinancial Services Ltd
Source: Motilal Oswal Financial Services ltd
2024-12-14 04:24:11 pm
Oil & Gas Sector Update :-Robust 3QFY25 trends for OMCs so far - By Motilal OswalFinancial Services Ltd Robust 3QFY25 trends for OMCs so far * In 3QFY25’TD, refining margins have remained stable with current SG GRM at USD5.2/bbl (2QFY25: USD3.6/bbl), even as MS/HSD GRMs are stable QoQ at USD10- 13/bbl. * MS/HSD marketing margins have remained robust, averaging INR13.6/INR10.7 per lit in 3QFY25’TD (vs. INR3.3/lit each, we assume for FY26E-27). While crude prices have corrected sharply over the past six months, further downside risks to oil prices remain a source of upside earni...
Oil & Gas Sector Update :-Robust 3QFY25 trends for OMCs so far - By Motilal OswalFinancial Services Ltd
Oil & Gas Sector Update :-Robust 3QFY25 trends for OMCs so far - By Motilal OswalFinancial Services Ltd
Source: Motilal Oswal Financial Services ltd
2024-12-14 04:16:42 pm
Buy Max Healthcare Ltd For Target Rs.1,380 By Motilal Oswal Financial Services Ltd Brownfield expansion to boost growth * We have analyzed the capex plans of listed hospital companies focusing on brownfield and greenfield bed additions to assess the impact on margins and their ability to achieve EBITDA breakeven after capacity expansion. * Over FY25-27, listed hospitals plan to add a total of 16,707 beds (vs. 6,330 beds added over FY20-24) for a combined capex of INR202b. About 52% of those beds would be added through greenfield/inorganic projects and 48% via brownfie...
Buy Max Healthcare Ltd For Target Rs.1,380 By Motilal Oswal Financial Services Ltd
Buy Max Healthcare Ltd For Target Rs.1,380 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services ltd
2024-12-14 03:48:58 pm
Buy ICICI BankLtd For Target Rs.1,550 By Motilal Oswal Financial Services Ltd Well poised to deliver sustainable growth and profitability! Asset quality steady; Estimate RoA to sustain at 2.1% for FY27E   We met with Mr. Rakesh Jha (Executive Director – Retail, Corporate Banking and Small Enterprises) and Mr. Abhinek Bhargava (Head – Investor Relations) from ICICI Bank (ICICIBC) to discuss the bank’s business outlook and other key focus areas. Following are the key takeaways from the discussion:   Loan growth remains healthy; ...
Buy ICICI BankLtd For Target Rs.1,550 By Motilal Oswal Financial Services Ltd
Buy ICICI BankLtd For Target Rs.1,550 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services ltd
2024-12-14 02:11:46 pm
RBI keeps repo rate unchanged; cuts CRR by 50bp -Motilal OswalFinancial Services Ltd RBI keeps repo rate unchanged; cuts CRR by 50bp Rate cuts could begin from Feb’25 or later * The Reserve Bank of India (RBI) announced its fifth bi-monthly monetary policy for FY25 on 6th Dec'24. The rate-setting panel decided to keep the benchmark repo rate unchanged at 6.5% for the 11th consecutive meeting, with four out of six members voting in favor. Dr. Nagesh Kumar and Prof. Ram Singh voted to reduce the policy repo rate by 25bp. * The MPC unanimously decided to keep ...
RBI keeps repo rate unchanged; cuts CRR by 50bp -Motilal OswalFinancial Services Ltd
RBI keeps repo rate unchanged; cuts CRR by 50bp -Motilal OswalFinancial Services Ltd
Source: Motilal Oswal Financial Services ltd
2024-12-14 12:34:40 pm
Agriculture Sector Update: Farm profitability to be marginally higher for Kharif 2024-25- By Motilal Oswal Financial Services Ltd Farm profitability to be marginally higher for Kharif 2024-25 We interacted with various Farmer Produce Organizations (FPOs) and farmers across India to gauge the on-ground situation regarding crop conditions, yields, and farm profitability during the Kharif season in CY24. The key takeaways are:  * The northern belt of India witnessed higher crop yields YoY as higher rainfall supported the production of paddy. The southern belt and Gujarat were key laggards as the heavy downpours ...
Agriculture Sector Update: Farm profitability to be marginally higher for Kharif 2024-25- By Motilal Oswal Financial Services Ltd
Agriculture Sector Update: Farm profitability to be marginally higher for Kharif 2024-25- By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services ltd
2024-12-14 11:53:30 am
Buy Zen Technologies Ltd For Target Rs. 2,400 By Motilal Oswal Financial Services Ltd Growth plans intact Acquisition plans and ordering to firm up from 4QFY25 Our recent interactions with Zen management indicate that ordering in key areas of Zen will start ramping up in the coming months. The company is also close to finalizing the plans for an inorganic acquisition for simulator or anti-drone business and is looking at the US as one of the key markets in the future. Recently, Zen has signed an MoU with AVT Simulation, which is into air simulation systems, and Zen inte...
Buy Zen Technologies Ltd For Target Rs. 2,400 By Motilal Oswal Financial Services Ltd
Buy Zen Technologies Ltd For Target Rs. 2,400 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services ltd
2024-12-14 11:25:22 am
Company Update : Buy CEAT Ltd By Motilal Oswal Financial Services Acquiring Camso brand off-highway Construction equipment bias tyres and tracks business from Michelin * CEAT has entered into a definitive agreement with Michelin, to acquire Camso brand's off-highway construction equipment bias tyre and tracks business. * This acquisition includes two Sri Lanka-based plants and global ownership of the Camso brand, after a 3-year licensing period. * Camso is a premium brand in construction equipment tyres and tracks with strong equity and a solid...
Company Update : Buy CEAT Ltd By Motilal Oswal Financial Services
Company Update : Buy CEAT Ltd By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services ltd
2024-12-14 09:39:22 am
Company Update : Buy Angel One Ltd By Motilal Oswal Financial Services Slight weakness in order run rate reflects the impact of new F&O regulations Angel One (ANGELONE) released its key business numbers for Nov’24. Here are the key takeaways: * ANGELONE’s gross client acquisition declined 14.3% MoM to ~0.6m in Nov’24 (-11.8% YoY) due to some impact of the festive season and overall lower activity. However, this is beneficial from the EBITDA margin perspective in the near term. * The total client base stood at 28.8m in Nov’24 ...
Company Update : Buy Angel One Ltd By Motilal Oswal Financial Services
Company Update : Buy Angel One Ltd By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services ltd
2024-12-14 09:34:01 am
Company Update : Buy Godrej Consumer Products Ltd By Motilal Oswal Financial Services Flattish volume growth; margin pressure in the Indian business Godrej Consumer Products (GCPL) released its pre-quarterly update for 3QFY25. Here are the key takeaways: India performance *  The demand conditions in the Indian FMCG sector have been subdued over the past few months. *  Despite this, GCPL was delivering an average organic Underlying Volume Growth (UVG) of ~7% over six quarters, driven by category development, innovations, and media investments. *  T...
Company Update : Buy Godrej Consumer Products Ltd By Motilal Oswal Financial Services
Company Update : Buy Godrej Consumer Products Ltd By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services ltd
2024-12-14 09:26:33 am