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Quote on Markets by Mr. Vikram Kasat, Head - Advisory, PL Capital - Prabhudas Lilladher Below the Quote on Markets by Mr. Vikram Kasat, Head - Advisory, PL Capital - Prabhudas Lilladher   Indian equity markets rebounded on Monday, snapping a five-day losing streak. The BSE Sensex climbed 498.58 points (0.64%) to close at 78,540.17, while the NSE Nifty rose 165.95 points (0.70%) to settle at 23,753.45. This recovery was driven by gains in financial and IT sectors, with HDFC Bank shares rising nearly 2%. The positive sentiment was influenced by softer U.S. inflation dat...
Quote on Markets by Mr. Vikram Kasat, Head - Advisory, PL Capital - Prabhudas Lilladher
Quote on Markets by Mr. Vikram Kasat, Head - Advisory, PL Capital - Prabhudas Lilladher
Source: Prabhudas Lilladher
2024-12-23 05:47:59 pm
Quote on basis IIP and CPI Data by Mr. Arsh Mogre, Economist Institutional Equities, PL Capital - Prabhudas Lilladher Below the Quote on basis IIP and CPI Data by Mr. Arsh Mogre, Economist Institutional Equities, PL Capital - Prabhudas Lilladher   IIP:  “India’s Index of Industrial Production (IIP) rose by 3.5% in October 2024, marginally higher than September’s 3.1%, reflecting momentum in industrial activity. Manufacturing led the recovery with a growth of 4.1%, driven by robust performance in electrical equipment (33.1%), basic metals (3.5%), and coke and refined petro...
Quote on basis IIP and CPI Data by Mr. Arsh Mogre, Economist Institutional Equities, PL Capital - Prabhudas Lilladher
Quote on basis IIP and CPI Data by Mr. Arsh Mogre, Economist Institutional Equities, PL Capital - Prabhudas Lilladher
Source: Prabhudas Lilladher
2024-12-12 05:19:19 pm
6-7 pc growth rate in India good given global average, infra work on solid ground: Mark Mobius India’s ability to manage inflation without compromising growth will be pivotal in attracting sustained foreign investments, global ace investor Mark Mobius said on Thursday, adding that on a macro front, 6-7 per cent growth rate in India is a good rate given the global average.  Addressing an investor webinar organised by PL Capital-Prabhudas Lilladher, the veteran investor said the Indian economy grew a good 5.4 per cent in Q2 FY25, despite having a size as big as $4 trillion....
6-7 pc growth rate in India good given global average, infra work on solid ground: Mark Mobius
6-7 pc growth rate in India good given global average, infra work on solid ground: Mark Mobius
Source: IANS
2024-12-12 12:08:07 pm
Quote on Markets by Mr. Vikram Kasat, Head - Advisory, PL Capital - Prabhudas Lilladher Below the Quote on Markets by Mr. Vikram Kasat, Head - Advisory, PL Capital - Prabhudas Lilladher   “Crucial inflation data from both India and the U.S. later in the week kept Indian equity markets subdued on Tuesday, with the Sensex and Nifty50 trading flat. At the close, the Sensex edged up by 1.59 points to 81,510.05, while the Nifty50 slipped 8.95 points to 24,610.05. The market breadth was slightly negative, with 1,961 stocks advancing and 1,841 declining. With investors...
Quote on Markets by Mr. Vikram Kasat, Head - Advisory, PL Capital - Prabhudas Lilladher
Quote on Markets by Mr. Vikram Kasat, Head - Advisory, PL Capital - Prabhudas Lilladher
Source: Prabhudas Lilladher
2024-12-10 05:09:18 pm
Indian ESDM industry projected to surpass Rs 9 lakh crore by FY28 The Indian electronics system design and manufacturing (ESDM) industry, valued at about Rs 2.09 lakh crore in FY23, is estimated to reach Rs 9.09 lakh crore by FY28E, at a compound annual growth rate (CAGR) of 34 per cent, a report said on Tuesday.  The key growth drivers include rising outsourcing of manufacturing by original equipment manufacturers (OEMs) to specialised ESDM providers, growing demand for electronics, a large and expanding domestic market, the 'China +1' stra...
Indian ESDM industry projected to surpass Rs 9 lakh crore by FY28
Indian ESDM industry projected to surpass Rs 9 lakh crore by FY28
Source: IANS
2024-12-10 10:57:24 am
Oil & Gas Sector Update :- Strong near-term outlook despite LPG headwinds by Swarnendu Bhushan, Co Head of Research, Institutional Research PL Capital Group - Prabhudas Lilladher OMCs are navigating a mixed financial landscape with contrasting trends being witnessed across their operations. While under-recoveries on the sale of LPG remain a challenge due to elevated propane prices and government imposed price controls, the outlook for refining margins and marketing margins on petrol and diesel remains optimistic in the near term. Although the long-term outlook remains uncertain given weak demand prospects and possibility of fuel price cut, we see short-term positivity...
Oil & Gas Sector Update :- Strong near-term outlook despite LPG headwinds by Swarnendu Bhushan, Co Head of Research, Institutional Research PL Capital Group - Prabhudas Lilladher
Oil & Gas Sector Update :- Strong near-term outlook despite LPG headwinds by Swarnendu Bhushan, Co Head of Research, Institutional Research PL Capital Group - Prabhudas Lilladher
Source: Prabhudas Lilladher Pvt. Ltd.
2024-12-09 12:21:21 pm
CRR cut to support growth, repo rate decision on expected lines The RBI’s decision to cut the cash reserve ratio (CRR) by 50 bps would help support growth, after the revision in the GDP forecast for FY25, industry experts said on Friday.  The Central Bank’s monetary policy committee (MPC) slashed the CRR for banks by 0.5 per cent to make more funds available for lending to spur economic growth. The CRR is the proportion of deposits that banks have to set aside as idle cash in the system. “The MPC's decision to keep the ...
CRR cut to support growth, repo rate decision on expected lines
CRR cut to support growth, repo rate decision on expected lines
Source: IANS
2024-12-06 12:09:11 pm
Accumulate Carborundum Universal Ltd For Target Rs.1,601 By Prabhudas Liladhar Ltd Mixed Q2; subsidiaries’ performance in focus Quick Pointers: * Management retained Rs51-52bn consol. revenue guidance but cut PBIT margin guidance to a ~100bps decline (from 20-30bps improvement) * Completed 100% acquisition of Silicon Carbide Products at EV of $6.66mn.   We revise our FY25/26E EPS estimates by -9.5%/-4.0% factoring in weaker profitability in AWUKO and Foskor Zirconia, but upgrade the rating to ‘Accumulate’ from ‘Hold’ with a re...
Accumulate Carborundum Universal Ltd For Target Rs.1,601 By Prabhudas Liladhar Ltd
Accumulate Carborundum Universal Ltd For Target Rs.1,601 By Prabhudas Liladhar Ltd
Source: JM Financial Services
2024-12-04 09:56:54 am
Buy Greenpanel Industries Ltd For Target Rs.450 By PL Capital Disappointing performance continues We downward revise our FY25 earnings estimates by 6.9% to account for weak performance in Q2FY25 and rising domestic competition, impacting MDF realization. GREENP has guided for domestic MDF volume growth of 15-18% (YoY) in H2FY25. However, we have considered MDF volume growth at 16% for H2FY25. MDF domestic realization decreased 4.4% YoY in Q2FY25 due to competitive pricing. MDF exports were also impacted by lower availability of containers and increas...
Buy Greenpanel Industries Ltd For Target Rs.450 By PL Capital
Buy Greenpanel Industries Ltd For Target Rs.450 By PL Capital
Source: Prabhudas Lilladher Capital
2024-12-03 03:27:21 pm
Hold LIC Housing Finance Ltd For Target Rs.675 By PL Capital Asset quality improving Quick Pointers: * PAT beat due to better asset quality and lower provisions, but NII miss * Disbursals within developer and affordable self-employed to increase   LICHF saw a mixed quarter; NII missed PLe by 5% due to lower NIM, which was offset by lower provisions at 11bps (PLe 49bps) and higher other income. NIM declined by 5bps QoQ due to focus on growth. As per LICHF, NIM has bottomed out as (1) share of higher yielding NHL in disbursals is target...
Hold LIC Housing Finance Ltd For Target Rs.675 By PL Capital
Hold LIC Housing Finance Ltd For Target Rs.675 By PL Capital
Source: Prabhudas Lilladher Capital
2024-12-03 03:17:35 pm
Reduce NOCIL Ltd For Target Rs.256 By PL Capital Headwinds continue persist Quick Pointers: * Competition from China, Korea and EU continues to impact prices & volumes, remains a key concern * Overall capacity utilization at 70%; utilization varies across products NOCIL reported a topline of Rs3.6bn (PLe: Rs3.9bn), reflecting a sequential decline of 2.5%. This decrease is attributed to a modest drop in volumes due to logistics challenges, though realization remained largely flat on a QoQ basis. Based on our calculations, averag...
Reduce NOCIL Ltd For Target Rs.256 By PL Capital
Reduce NOCIL Ltd For Target Rs.256 By PL Capital
Source: Prabhudas Lilladher Capital
2024-12-03 03:11:17 pm
Buy Maruti Suzuki Ltd For Target Rs.14,586 By PL Capital Rise in input & promotional cost impact margins Quick Pointers: * CNG penetration remained stable at ~33% in Q2FY25 in the domestic market * Optimistic retail growth outlook at 4-5% for FY25   MSIL’s Q2FY25 standalone revenue increased by a mere 0.4% YoY, mainly driven by ASP expansion of 2.6% YoY as volume declined by 1.9% for the quarter. Prices of key commodities increased by and promotional expenses increased, leading to a contraction in its gross margin by 1...
Buy Maruti Suzuki Ltd For Target Rs.14,586 By PL Capital
Buy Maruti Suzuki Ltd For Target Rs.14,586 By PL Capital
Source: Prabhudas Lilladher Capital
2024-12-03 02:50:58 pm
Hold Indraprastha Gas Ltd For Target Rs.402 By PL Capital Strong volume growth, miss on margins Quick Pointers: * Strong volume growth of 8.7% YoY led by 7% growth from Delhi and 29% from newer GAs * EBITDA/scm of Rs6.5 due to higher sourcing cost We upgrade the rating from ‘SELL’ to ‘HOLD’ post correction in stock price with a TP of Rs402 based on 15x avg FY26-27E standalone EPS and adding the value of investments. Indraprastha Gas (IGL) reported lower-than-expected Q2 results with EBITDA of Rs5.4bn (down 7.9% QoQ,...
Hold Indraprastha Gas Ltd For Target Rs.402 By PL Capital
Hold Indraprastha Gas Ltd For Target Rs.402 By PL Capital
Source: Prabhudas Lilladher Capital
2024-12-03 02:44:57 pm
Accumulate Cipla Ltd For Target Rs.1,615 By PL Capital In line quarter; timely launches in US will be key   Quick Pointers: * Reiterate 24.5-25.5% EBITDA margins for FY25 * US sales to see dip in Q3 to below $220mn CIPLA’s Q2FY25 EBITDA (Rs19bn; 26.7% OPM) was broadly in line with our estimates. Overall India and US sales growth were muted in Q2 due to seasonality and supply issues in Lanreotide respectively. While India should recover from Q3, US sales will see dip in Q3 with likely recovery from Q4. Despite delay in ...
Accumulate Cipla Ltd For Target Rs.1,615 By PL Capital
Accumulate Cipla Ltd For Target Rs.1,615 By PL Capital
Source: Prabhudas Lilladher Capital
2024-12-03 11:00:22 am
Accumulate Marico Ltd For Target Rs.693 By PL Capital New age brands drive growth; Accumulate   Quick Pointers: * MRCO guides for double-digit revenue growth led by volumes in FY25 * Price hikes in Parachute & Saffola edible Oils due to rising commodity prices MRCO reported inline nos led by stable volume growth, positive pricing growth & favorable portfolio mix. We have cut our FY25/FY26/FY27 estimates by 2.4%/2.2%/2.8% given 1) Peaked out margin with no major expansion expected in near term and 2) Persistent sluggi...
Accumulate Marico Ltd For Target Rs.693 By PL Capital
Accumulate Marico Ltd For Target Rs.693 By PL Capital
Source: Prabhudas Lilladher Capital
2024-12-03 10:41:38 am
Hold Metro Brands Ltd For Target Rs.1,208 By PL Capital Demand remains tepid, all eyes on 2H   Quick Pointers: * 2Q sales remain affected, 2H sales expected to pick up led by wedding and festival demand * FY25 Sales growth guidance cut from 15-18% in 4Q24 to 12-15% in 1Q25 to 10-15% in 2Q25 We cut our FY25/26/27 EPS estimates by 3.1/4.6/5.1% given 1) below estimate revenue/earnings led by tepid demand 2) drag in margins amid selling fila inventory at extreme discounts 3) lower revenue guidance for FY25 from 12- 15% to 10-15% and ...
Hold Metro Brands Ltd For Target Rs.1,208 By PL Capital
Hold Metro Brands Ltd For Target Rs.1,208 By PL Capital
Source: Prabhudas Lilladher Capital
2024-12-03 10:31:48 am
FIIs likely to turn out consistent buyers in Indian markets soon After heavy selling, it now appears that foreign institutional investors (FIIs) are likely to turn out consistent buyers when the market corrects further and valuations become attractive, market watchers said on Saturday.   A perplexing feature of the recent FII activity is their highly erratic nature. For instance, in the three days from November 23-25, FIIs were buyers. But in the next two days, they again turned sellers, having sold equity for Rs 16,139 crore in the Indian marke...
FIIs likely to turn out consistent buyers in Indian markets soon
FIIs likely to turn out consistent buyers in Indian markets soon
Source: IANS
2024-11-30 05:35:48 pm
Buy DOMS Industries (DOMS IN) For Target Rs.2,924 By PL Capital In an evolution zone We initiate coverage on DOMS with a BUY rating and TP of Rs3,349. In an industry dominated by unorganized players, competitive edge of DOMS stems from 1) superior brand recall 2) ability to offer innovative products (eraseners, two-dooz sharpeners & grove pencils) 3) cost competitiveness arising from backward integration 4) strong distribution reach with 125,000+ retail touch points and 5) superior R&D capabilities & technical know-how given the collaborati...
Buy DOMS Industries (DOMS IN) For Target Rs.2,924 By PL Capital
Buy DOMS Industries (DOMS IN) For Target Rs.2,924 By PL Capital
Source: Prabhudas Lilladher Pvt. Ltd.
2024-11-30 03:02:49 pm
Headwinds yet to peak out, Nifty target cut to 27,381 : PL Capital- Prabhudas Lilladher PL Capital- Prabhudas Lilladher, one of the most trusted financial services organisations in India, in its latest India Strategy Reportstated that the Indian markets are on course but headwinds are yet to peak out. The firm has cut its base case NIFTY target to 27,381 (27,867 earlier) on Nifty EPS cut by 0.5/2.0/1.5 for FY25/26/27 and recommends selective buying on dips for long-term gains. According to the report, demand conditions remain mixed with steady uptick in rural demand given low...
Headwinds yet to peak out, Nifty target cut to 27,381 : PL Capital- Prabhudas Lilladher
Headwinds yet to peak out, Nifty target cut to 27,381 : PL Capital- Prabhudas Lilladher
Source: Prabhudas Lilladher Pvt. Ltd
2024-11-28 12:08:36 pm
Cement Sector Update : Region-wise channel check - Slight uptick in prices, demand yet to pick up convincingly by Tushar Chaudhari, Research Analyst, PL Capital Group - Prabhudas Lilladher Below the Quote on Cement Sector Update : Region-wise channel check - Slight uptick in prices, demand yet to pick up convincingly by Tushar Chaudhari, Research Analyst, PL Capital Group - Prabhudas Lilladher   We interacted with a few cement dealers across regions to gauge the demand and pricing scenario. Our interactions revealed that demand continues to remain under pressure due to subdued infrastructure activity in many areas. Kolkata in the East faced the most pressure, wi...
Cement Sector Update : Region-wise channel check - Slight uptick in prices, demand yet to pick up convincingly by Tushar Chaudhari, Research Analyst, PL Capital Group - Prabhudas Lilladher
Cement Sector Update : Region-wise channel check - Slight uptick in prices, demand yet to pick up convincingly by Tushar Chaudhari, Research Analyst, PL Capital Group - Prabhudas Lilladher
Source: Prabhudas Lilladher Pvt. Ltd
2024-11-27 10:57:25 am
Accumulate Tech Mahindra For Target Rs.1,790 By PL Capital Steady growth & another strong quarter of margin expansion… Quick Pointers: * Communications segment reported sequential growth after 5 quarters. * Strong EBIT margin expansion, sustaining the positive momentum established in Q1 TechM reported steady revenue growth & strong margin expansion in Q2FY25. Revenue came at US$1.59 bn, up 0.7% QoQ in CC vs our expectation of flat growth & cons. est. of 0.4% QoQ CC growth. Growth in qtr. was aided by verticals of Hitech...
Accumulate Tech Mahindra For Target Rs.1,790 By PL Capital
Accumulate Tech Mahindra For Target Rs.1,790 By PL Capital
Source: Prabhudas Lilladher Pvt. Ltd
2024-11-24 04:40:00 pm
Buy HDFC Bank For Target Rs.2,000 By PL Capital Stronger balance sheet preferred over margins Quick Pointers: * Mixed quarter; miss on NII/NIM NII offset by better fees/opex * Faster LDR could generate excess liquidity, which may drag margins HDFCB saw mixed results; core PAT was in-line, but NII/NIM and net slippages were a miss, offset by higher fees and lower opex. Pre-merger LDR was 85-87% (now 99.8%), which could be achieved in 2-3 years. Hence, loan growth is guided to be lower than system for FY25, in line with system fo...
Buy HDFC Bank For Target Rs.2,000 By PL Capital
Buy HDFC Bank For Target Rs.2,000 By PL Capital
Source: Prabhudas Lilladher Pvt. Ltd
2024-11-24 04:24:42 pm
Buy Infosys Ltd For Target Rs.2,260 By PL Capital Strong Performance again… Quick Pointers: * Pick up discretionary spending in FS and traction in sub US$ 50 mn deals indicate demand recovery * Guidance for FY25 increased further to 3.75-4.5% in CC terms (3-4% earlier) INFY reported another strong quarter with revenue of US$ 4.9 bn, up 3.1% QoQ CC (in-line of PLe & above cons. est. of 2.9% QoQ CC). Manufacturing & Europe led growth in Q2; aided by In-Tech integration led the growth. EBIT margin was flat at 21.1% vs...
Buy Infosys Ltd For Target Rs.2,260 By PL Capital
Buy Infosys Ltd For Target Rs.2,260 By PL Capital
Source: Prabhudas Lilladher Pvt. Ltd
2024-11-24 12:49:41 pm
Daily Technical Morning Report By Vaishali Parekh, Vice President - Technical Research PL Capital Group - Prabhudas Lilladher NIFTY / SENSEX Nifty indicated a significant pullback from the low made near 23350 levels which was the important longterm trendline zone and shown signs of improving bias to cross above the 23750 zone which did not last long with heavy profit booking eroded the gains on the back of fresh news of geo-political tensions arising, to initiate a very cautious approach. The index would have the crucial support zone of 23350 levels failing which would create panic selling and can worsen the tren...
Daily Technical Morning Report By Vaishali Parekh, Vice President - Technical Research PL Capital Group - Prabhudas Lilladher
Daily Technical Morning Report By Vaishali Parekh, Vice President - Technical Research PL Capital Group - Prabhudas Lilladher
Source: Prabhudas Lilladher Capital
2024-11-21 11:28:12 am
Sudden government notifications raise operational challenges for City Gas Distribution companies: PL Capital- Prabhudas Lilladher PL Capital- Prabhudas Lilladher, one of the most trusted financial services organisations in India, has released a report on Oil & Gas sector covering the recent announcement made by the government. The government has issued a notification slashing the Administered Price Mechanism (APM) allocation for City Gas Distribution companies (CGDs) by 20% for the second straight month. The sudden notification raises operational challenges for the CGDs in terms of arranging appr...
Sudden government notifications raise operational challenges for City Gas Distribution companies: PL Capital- Prabhudas Lilladher
Sudden government notifications raise operational challenges for City Gas Distribution companies: PL Capital- Prabhudas Lilladher
Source: PR Agency
2024-11-18 05:36:57 pm
Quote on Technicals Daily Morning Report by Vaishali Parekh, Vice President - Technical Research, Prabhudas Lilladher Below the Quote on Technicals Daily Morning Report by Vaishali Parekh, Vice President - Technical Research, Prabhudas Lilladher   NIFTY / SENSEX Nifty forming another lower top formation on the daily chart has plunged to reach the important 200 period MA at 23540 zone with bias maintained with a very cautious approach and further slides can deteriorate the overall scenario with panic setting in. The index would need to breach above the 23300-24000 zone to Improve the bias t...
Quote on Technicals Daily Morning Report by Vaishali Parekh, Vice President - Technical Research, Prabhudas Lilladher
Quote on Technicals Daily Morning Report by Vaishali Parekh, Vice President - Technical Research, Prabhudas Lilladher
Source: Prabhudas Lilladher Pvt. Ltd.
2024-11-18 02:06:37 pm
Quote on Markets by Mr. Vikram Kasat, Head - Advisory, PL Capital - Prabhudas Lilladher Below the Quote on Markets by Mr. Vikram Kasat, Head - Advisory, PL Capital - Prabhudas Lilladher   “Today's decline marked the indices' fifth straight session of losses amid persistent selling pressure from foreign institutional investors (FIIs), with broader market sentiment hampered by a confluence of factors shaking investor confidence. The correction reflects investors' growing caution amid rich valuations and macroeconomic uncertainties, with both Nifty and ...
Quote on Markets by Mr. Vikram Kasat, Head - Advisory, PL Capital - Prabhudas Lilladher
Quote on Markets by Mr. Vikram Kasat, Head - Advisory, PL Capital - Prabhudas Lilladher
Source: Prabhudas Lilladher Pvt. Ltd
2024-11-13 04:17:39 pm
Quote on Markets By Vikram Kasat, Head - Advisory, PL Capital - Prabhudas Lilladher Below the Quote on Markets by Vikram Kasat, Head - Advisory, PL Capital - Prabhudas Lilladher   “Indian markets made a strong recovery today, shaking off early losses despite uncertainties tied to the upcoming US presidential election. The Sensex surged over 649 points, ending at 79,431.61, while the Nifty advanced 203 points to close at 24,198.30. Banking stocks led the comeback, with the Bank Nifty climbing over 1,300 points from its session low. Heavyweights like HDFC...
Quote on Markets By Vikram Kasat, Head - Advisory, PL Capital - Prabhudas Lilladher
Quote on Markets By Vikram Kasat, Head - Advisory, PL Capital - Prabhudas Lilladher
Source: Prabhudas Lilladher Pvt. Ltd
2024-11-05 05:58:34 pm
Gaming Update : Nazara acquires majority stake in UK growth marketing agency, ``Space & Time`` by Jinesh Joshi, Research Analyst, PL Capital - Prabhudas Lilladher Below the Quote on Gaming Update : Nazara acquires majority stake in UK growth marketing agency, ``Space & Time`` by Jinesh Joshi, Research Analyst, PL Capital - Prabhudas Lilladher   Datawrkz, a subsidiary of Nazara Technologies Limited has acquired a 100% stake in Space & Time, an independent growth-marketing agency with offices across the UK.  Business of Space & Time:  Space & Time is a leading UK-based growth-marketing agency that has been ope...
Gaming Update : Nazara acquires majority stake in UK growth marketing agency, ``Space & Time`` by Jinesh Joshi, Research Analyst, PL Capital - Prabhudas Lilladher
Gaming Update : Nazara acquires majority stake in UK growth marketing agency, ``Space & Time`` by Jinesh Joshi, Research Analyst, PL Capital - Prabhudas Lilladher
Source: Prabhudas Lilladher Pvt. Ltd
2024-10-30 05:21:12 pm
Diwali Picks 2024 : Crackers By Prabhudas Lilladher Capital Coal India Ltd CMP: 487 | Entry Range: On declines till 470 Target (TGT): 545/580/610 | Stop Loss (SL): 450 * After making the highs of 543 zones, stock has corrected over 10% in recent times and been consolidating. On daily chart basis, time and again the stock has shown strong reversals from 475 levels. * The stock has seen trend turning upside on weekly basis – up by 4%, with short covering visible aggressively. Chain also reflects good support built-up by PE writers around ...
Diwali Picks 2024 : Crackers By Prabhudas Lilladher Capital
Diwali Picks 2024 : Crackers By Prabhudas Lilladher Capital
Source: Prabhudas Lilladher Capital
2024-10-29 10:48:24 am
Diwali Picks 2024 : Technical Research Desk By Prabhudas Lilladher Capital ABB Ltd The stock has been in a strong uptrend and since the last three months has been in consolidation near the significant 50EMA zone of 7800 levels maintaining the trend with recently indicating a decent pullback from 7750 levels to improve the bias and has confirmed a breakout above the resistance zone of 8300 to further strengthen the trend. With the RSI on the rise indicating strength, we anticipate further rise and suggest to buy the stock for an upside positional target of 12300 k...
Diwali Picks 2024 : Technical Research Desk By Prabhudas Lilladher Capital
Diwali Picks 2024 : Technical Research Desk By Prabhudas Lilladher Capital
Source: Prabhudas Lilladher Capital
2024-10-29 10:20:00 am
Diwali Picks 2024 By Prabhudas Lilladher Capital Large Cap: HDFC Life Insurance Market Cap: INR 1,54,099 crore | CMP: INR 716 * Expect high-teens VNB growth with rangebound margins, leveraging multiple products and channels * The company remains on track for a 17% VNB and EVOP CAGR, with a 17% medium-term operating RoEV * H2 will be eventful, reflecting impact of revised surrender value guidelines, momentum in ULIPs and rate cut towards the end of the year * Strong growth in new business premiums expected, driven by new la...
Diwali Picks 2024 By Prabhudas Lilladher Capital
Diwali Picks 2024 By Prabhudas Lilladher Capital
Source: Prabhudas Lilladher Capital
2024-10-29 09:16:28 am
Diwali Stock Picks 2024 : Prabhudas Lilladher Capital Large Cap Picks Ambuja Cement (ACEM IN) | CMP: Rs555 | TP: Rs756 | Mcap: Rs1,219.3bn ACEM is focused on led by 1) maximizing throughput from existing facilities 2) 17.6mtpa addition via inorganic route in past 2 years and 3) organic capacity addition of 6mtpa by end FY25 and another 33mtpa by end FY27 to achieve targeted 140mtpa by FY28E. ACEM is working towards cost savings of ~Rs500/t to be achieved by FY28E led by i) improving green power mix (incl. WHRS), ii) captive coal mines, iii...
Diwali Stock Picks 2024 : Prabhudas Lilladher Capital
Diwali Stock Picks 2024 : Prabhudas Lilladher Capital
Source: Prabhudas Lilladher Capital
2024-10-28 04:33:49 pm
Colgate-Palmolive (India) 2QFY25 First cut: below estimates as margins peaked out, volumes up by 7-8% By Amnish Aggarwal , PL Capital Financial Performance: * Revenues grew by 10.1% YoY to Rs16.2bn (PLe: Rs16.4bn), we estimate ~7-8% volume growth * CLGT delivered double-digit revenue growth amid current difficult market conditions, aided by high single digit volume growth in Toothpastes due to steady performance of core brands. * Toothbrush continued to grow at double digits with rapid premiumisation. * Gross margins contracted by 23bps YoY to 68.5% (Ple: 70.2%) * EBITDA grew by 3.2% YoY to Rs5bn (PLe:Rs5.4bn...
Colgate-Palmolive (India) 2QFY25 First cut: below estimates as margins peaked out, volumes up by 7-8% By Amnish Aggarwal , PL Capital
Colgate-Palmolive (India) 2QFY25 First cut: below estimates as margins peaked out, volumes up by 7-8% By Amnish Aggarwal , PL Capital
Source: PR Agency
2024-10-26 10:16:41 am
Quote on Markets By Vikram Kasat, Head - Advisory, PL Capital - Prabhudas Lilladher Below the Quote on Markets by Vikram Kasat, Head - Advisory, PL Capital - Prabhudas Lilladher   "After three consecutive sessions of losses, The Nifty 50 traded flat on Thursday, weighed down by continued selling from foreign portfolio investors (FPIs) and lackluster global market trends. FMCG stocks were notably under pressure, contributing to the index's decline with Hindustan Unilever dropping 5% following a weaker-than-expected September quarter. While over hal...
Quote on Markets By Vikram Kasat, Head - Advisory, PL Capital - Prabhudas Lilladher
Quote on Markets By Vikram Kasat, Head - Advisory, PL Capital - Prabhudas Lilladher
Source: Prabhudas Liladhar
2024-10-24 05:36:45 pm
Kajaria Ceramics Q2FY25 Result First Cut: Decent volume growth in weak demand scenario, margins contracted by Praveen Sahay,Research Analyst, PL Capital Group Revenues grew by 5.1% YoY to Rs11.8bn (PLe: Rs11.6bn, 1.6% above our est.) vs 1.1% below  con. est. of Rs11.9bn. Tiles segment revenues grew by 5.4% YoY (contributes 89% revenue) and other segment revenues grew by 3.3% YoY. * Revenues grew by 5.1% YoY to Rs11.8bn (PLe: Rs11.6bn, 1.6% above our est.) vs 1.1% below  con. est. of Rs11.9bn. Tiles segment revenues grew by 5.4% YoY (contributes 89% revenue) and other  segment revenues grew by 3.3% YoY. * Tiles revenue grew by 5...
Kajaria Ceramics Q2FY25 Result First Cut: Decent volume growth in weak demand scenario, margins contracted by Praveen Sahay,Research Analyst, PL Capital Group
Kajaria Ceramics Q2FY25 Result First Cut: Decent volume growth in weak demand scenario, margins contracted by Praveen Sahay,Research Analyst, PL Capital Group
Source: Prabhudas Lilladher Capital
2024-10-23 11:49:06 am
Wealth Products Monthly Update October 2024 by Prabhudas Lilladher Capital Equity Markets: In September 2024, Indian equity markets saw a positive trend, with the BSE Sensex and Nifty 50 rising by 2.35% and 2.3% respectively, marking three consecutive months of gains. • The broader market also performed well, as the Nifty Small Cap 250 increased by 1.32% and the Nifty Mid Cap 150 rose by 1.76% during the same month. • The top-performing sectors in the Nifty for September 2024 included Auto, Realty, Oil & Gas, and Energy. • Foreign inst...
Wealth Products Monthly Update October 2024 by Prabhudas Lilladher Capital
Wealth Products Monthly Update October 2024 by Prabhudas Lilladher Capital
Source: Prabhudas Lilladher Capital
2024-10-22 02:40:32 pm
48% of equity MFs outperform respective benchmarks in September`24, finds PL Wealth Management PL Wealth Management, PL Capital - Prabhudas Lilladher’s wealth management arm, in its latest study on mutual fund performance analysis cited that the AUM (assets under management) of equity mutual funds has surged by 3.10% sequentially to INR  26,43,291 crore in September 2024 from INR  25,64,069 crore in August 2024 (excluding Sectoral / Thematic Funds). The study which is based on 287 open-ended equity diversified funds cited that 48% of these funds have outperformed their ...
48% of equity MFs outperform respective benchmarks in September`24, finds PL Wealth Management
48% of equity MFs outperform respective benchmarks in September`24, finds PL Wealth Management
Source: PR Agency
2024-10-22 01:45:57 pm
TECHNICAL VIEW - SilverBees by Vaishali Parekh, Prabhudas Lilladher Below the Quote on TECHNICAL VIEW - SilverBees by Vaishali Parekh,  Prabhudas Lilladher    For SILVER bees, we had shared a technical view from the 84 level for an upside target of 120 and has reached 94, gaining almost 12% from our level. Now Silver has indicated a clear breakout above the sloping trend line zone at the 90 zone after the strong pullback witnessed recently and has strengthened the bias further. With major support positioned near the 85-86 zone and wi...
TECHNICAL VIEW - SilverBees by Vaishali Parekh, Prabhudas Lilladher
TECHNICAL VIEW - SilverBees by Vaishali Parekh, Prabhudas Lilladher
Source: Prabhudas Lilladher Pvt. Ltd
2024-10-22 12:58:14 pm
India cenbank deputy says climate, tech risks a threat to inflation targetting Risks posed by climate change and digitalisation are likely to make it tougher for central banks to implement inflation-targetting monetary policy in the coming years, according to a deputy governor at the Reserve Bank of India. Central banks face an "existential threat" to their inflation mandates from climate change through supply shocks, such as food and energy shortages, and a decline in productive capacity, Michael Patra said at a conference in New Delhi on Monday. The sp...
India cenbank deputy says climate, tech risks a threat to inflation targetting
India cenbank deputy says climate, tech risks a threat to inflation targetting
Source: IANS
2024-10-15 09:26:26 am
Accenture 4QFY24 first take: In-line performance, down-side risk to the upper-end of the FY25 guidance by Pritesh Thakkar, Prabhudas Lilladher Read-across for IT services coverage: The print suggests that the momentum within outsourcing growth stood elevated in 4Q both in terms of revenues (+7% YoY CC) and bookings (41% YoY CC). The vertical and geo performance also remained broad-based, while Communications growth improved by 5% YoY CC, after five consecutive quarters of decline. Although the growth of Fin. Services declined YoY in 4Q, the pace of deceleration has moderated to a large extent. However, on the FY25 guidance, we belie...
Accenture 4QFY24 first take: In-line performance, down-side risk to the upper-end of the FY25 guidance by Pritesh Thakkar, Prabhudas Lilladher
Accenture 4QFY24 first take: In-line performance, down-side risk to the upper-end of the FY25 guidance by Pritesh Thakkar, Prabhudas Lilladher
Source: Prabhudas Lilladher Pvt. Ltd.
2024-09-30 06:04:30 pm
Quote on Markets by Vikram Kasat, Head - Advisory, PL Capital - Prabhudas Lilladher Below the Quote on Markets by Vikram Kasat, Head - Advisory, PL Capital - Prabhudas Lilladher   “The Indian market reflected bearish sentiment today, with the Nifty 50 plunging 318 points to finish at 25,860.70, while the BSE Sensex dropped 1,017 points to settle at 84,553. This sharp decline was primarily driven by profit booking after recent highs and heightened geopolitical tensions that have unsettled investor sentiment. The biggest drag on the index was Reliance Ind...
Quote on Markets by Vikram Kasat, Head - Advisory, PL Capital - Prabhudas Lilladher
Quote on Markets by Vikram Kasat, Head - Advisory, PL Capital - Prabhudas Lilladher
Source: Prabhudas Lilladher Pvt. Ltd
2024-09-30 05:07:48 pm
Market Regime Changes to Low Volatility as Defensive Factors Outperform : PL Asset Management PL Asset Management, the asset management arm of PL Capital-Prabhudas Lilladher, one of India’s most trusted financial services organisations, has released its latest ‘PMS Strategy Updates and Insights’ report. According to the report, Quality and Low Volatility factors are currently outperforming Momentum, High Beta, and Value strategies in the market. In August, the Nifty 200 Quality 30 generated returns of 2.40%, while the Nifty Low-Volatility 50 delivered 1.73%, both ...
Market Regime Changes to Low Volatility as Defensive Factors Outperform : PL Asset Management
Market Regime Changes to Low Volatility as Defensive Factors Outperform : PL Asset Management
Source: Prabhudas Lilladher Pvt. Ltd
2024-09-30 02:50:05 pm
67% of equity MFs outperform respective benchmarks in August`24, finds PL Wealth Management PL capital - Prabhudas Lilladher PL Wealth Management, PL Capital - Prabhudas Lilladher’s wealth management arm, in its latest study on mutual fund performance analysis cited that the AUM (assets under management) of equity mutual funds has surged by 2.04% sequentially to INR  25,64,069 crore in August 2024 from INR  25,12,846  crore in July 2024 (excluding Sectoral / Thematic Funds). The study which is based on 283 open-ended equity diversified funds cited that 67% of these funds have outperformed their...
67% of equity MFs outperform respective benchmarks in August`24, finds PL Wealth Management PL capital - Prabhudas Lilladher
67% of equity MFs outperform respective benchmarks in August`24, finds PL Wealth Management PL capital - Prabhudas Lilladher
Source: Prabhudas Lilladher Pvt. Ltd.
2024-09-18 02:04:06 pm
Quote on Bajaj Housing Finance IPO by Nipun Lodha, Director - Corporate Finance, PL Investment Banking PL Capital - Prabhudas Lilladher Below the Quote on Bajaj Housing Finance by Nipun Lodha, Director - Corporate Finance, PL Investment Banking  PL Capital - Prabhudas Lilladher   Bajaj Housing Finance has experienced a remarkable growth rate of 30-32% CAGR over the past year. It holds the largest share in the prime housing segment, accounting for over 20%. Additionally, it enjoys an 85% share of the salaried employees' loan portfolio. Looking ahead, Bajaj Housing Finance anticipates maintaining a simi...
Quote on Bajaj Housing Finance IPO by Nipun Lodha, Director - Corporate Finance, PL Investment Banking PL Capital - Prabhudas Lilladher
Quote on Bajaj Housing Finance IPO by Nipun Lodha, Director - Corporate Finance, PL Investment Banking PL Capital - Prabhudas Lilladher
Source: Prabhudas Lilladher Pvt. Ltd.
2024-09-17 11:45:57 am
Thermax wins a repeat order worth Rs5.2bn for a 600 MW greenfield energy project in Botswana by Amit Anwani, Research Analyst, Pl Capital- Prabhudas Lilladher Pvt. Ltd Below the Quote on Thermax wins a repeat order worth Rs5.2bn for a 600 MW greenfield energy project in Botswana by Amit Anwani, Research Analyst, Pl Capital- Prabhudas Lilladher Pvt. Ltd   NIFTY / SENSEX Nifty index has indicated a strong positive move during the week with a higher low formation pattern on the daily chart and with the bias along with sentiment maintained positive, it is anticipated to carry on with the positive move for next targets of 25900 and 26300 level...
Thermax wins a repeat order worth Rs5.2bn for a 600 MW greenfield energy project in Botswana by Amit Anwani, Research Analyst, Pl Capital- Prabhudas Lilladher Pvt. Ltd
Thermax wins a repeat order worth Rs5.2bn for a 600 MW greenfield energy project in Botswana by Amit Anwani, Research Analyst, Pl Capital- Prabhudas Lilladher Pvt. Ltd
Source: Prabhudas Lilladher Pvt. Ltd.
2024-09-16 05:39:26 pm
Oil prices to normalize back to USD75-80/bbl in the near term: PL Capital- Prabhudas Lilladher PL Capital- Prabhudas Lilladher, one of the most trusted financial services organisations in India, in its latest Oil & Gas Report stated that Recent global developments leading to ample supplies amid weaker demand prospects have pushed Brent oil prices to lows of ~USD71/bbl. While upstream earnings are currently impacted, with the OPEC+ delaying its planned rise in production, we expect oil prices to rebound to USD75-80/bbl in the near term. Thus, net oil realization should bou...
Oil prices to normalize back to USD75-80/bbl in the near term: PL Capital- Prabhudas Lilladher
Oil prices to normalize back to USD75-80/bbl in the near term: PL Capital- Prabhudas Lilladher
Source: PR Agency
2024-09-11 02:48:19 pm
Nifty expected to reach 26,820 in the next 12 months : PL Capital- Prabhudas Lilladher PL Capital- Prabhudas Lilladher, one of the most trusted financial services organisations in India, in its latest India Strategy Report stated that NIFTY's EPS projections has been revised downward by 0.3% for FY25 and 0.4% for FY26, with an expected CAGR of 17.8% over FY24-26, resulting in EPS estimates of Rs.1,247 and Rs.1,411 for FY25 and FY26, respectively. PL Capital’s EPS estimates align with the consensus for FY25 but are 2% lower for FY26. Currently, NIFTY is ...
Nifty expected to reach 26,820 in the next 12 months : PL Capital- Prabhudas Lilladher
Nifty expected to reach 26,820 in the next 12 months : PL Capital- Prabhudas Lilladher
Source: Prabhudas Lilladher Pvt. Ltd.
2024-08-30 12:42:32 pm