BUSINESS
SEBI’s new proposal on MF TER an alphabet soup, AMC stocks mixed
The market seems to have a muddled view about a slew of changes proposed by SEBI in a consultation paper.
BUSINESS
EV adoption could blow a hole in IGL’s biz in the long run
For IGL, CNG business accounts for nearly 70-75 percent volume while domestic piped natural gas forms 14 percent and the remainder comes from industrial or commercial PNG
BUSINESS
ABB India makes rapid strides to new highs, but analysts see little room for fresh rally
What keeps analysts at crossroads over ABB India despite FIIs slobbering over the stock? From consolidation to retracement and higher risks — the analysts have a host of arguments
BUSINESS
Indian Hotels trades lower; Nuvama cuts rating but other brokerages confident. Here’s why
Despite an upbeat outlook from Indian Hotels, Nuvama Institutional Equities says the recent run-up leaves limited upside potential. It has downgraded the stock to 'hold' from 'buy' but others have a different view
BUSINESS
Contrarian calls | Bajaj Auto, UltraTech, CIL catch investor fancy despite analysts stepping up on downgrades
On the other hand, analysts are rooting for Reliance Industries, TCS, HUL, Wipro and Bajaj Finance citing various factors amid a drop in their share prices.
BUSINESS
L&T Preview: Better execution to boost Q4 topline; large order wins to raise margins
Management outlook on order pipeline, margin trajectory, working capital and cash flow management would be key monitorables, believe analysts
BUSINESS
Apar Industries tanks 18% as investors rush to book profit from recent rally
Operating margin expanded to 10.7 percent in the quarter ended March 2023 from 6.1 percent in the corresponding period last year.
BUSINESS
A small step for pharma, a giant leap for Mankind
The Rs 4,326-crore IPO, which was subscribed 15.3 times, was one of the biggest by a domestic drug maker since Gland Pharma came up with a Rs 6,480-crore issue in 2020 and the biggest of 2023, so far
BUSINESS
JSW Energy gains 5% on power purchase deal with Solar Energy Corp
The Power Purchase Agreement is signed for supply of power for 25 years with a tariff of Rs 2.94 per KWh, said JSW Energy.
BUSINESS
Coal India preview: Offtake to be higher in Q4; guidance on coal availability, price hike to be in focus
The coal sold in e-auctions is critical for the company’s profitability, while the outlook on a price hike in fuel supply agreements is also a key monitorable.
BUSINESS
BHEL leads losers' league on Nifty 200 as profit-taking sends stock down 7%
Investors cashed in on their recent profits. BHEL's stock has rallied 19 percent in the past one month.
BUSINESS
Tata Power slips ahead of Q4 earnings as Mundra losses weigh heavy
Kotak Institutional Equities says it expects higher losses from Mundra, as the plant was barely operational during the fourth quarter
BUSINESS
Mahindra Logistics attributes big slump in Q4 profit to Rivigo acquisition, slowdown in e-commerce biz
Despite a slowdown in some end markets, Mahindra Logistics' core third-party logistics (3PL) business has shown positive momentum in terms of order intake and margin expansion, the company management said during the call.
BUSINESS
Weak execution and delay in asset monetisation nags NBCC investors despite recent order wins
The company has said that full-time functional directors have been appointed, which will boost execution and business development. Additionally, NBCC expects tendering to be faster in the next few months.
BUSINESS
Logistics Q4 Preview: Buoyant demand to drive sales, but margins under pressure
A pause in interest rate hikes aided recovery in the automobile sector, likely a key growth tailwind for logistics firms in the January-March 2023 quarter.
BUSINESS
Capital goods & engineering companies may record flat profit growth in Q4
On a YoY basis, the profitability of capital goods companies is expected to be flat, but softening commodity prices and operating leverage could lead to an improvement sequentially. The pack could witness moderate growth in net profit on a yearly basis, most analysts believe.
BUSINESS
Power sector preview: Q4 results to build in power generation growth; Mundra losses to mar Tata Power earnings
India’s power consumption grew by 7 percent in Q4 from a year ago.
BUSINESS
Allcargo Logistics tumbles 29% as it trades ex-spinoff
Allcargo Logistics has set April 18 as the record date for ascertaining the shareholders who will be entitled to equity shares of Allcargo Terminals Ltd and TransIndia Realty and Logistics Parks Ltd
BUSINESS
Camlin Fine Sciences’ earnings could get a boost with Infinity Holdings, AVH as new co-promoters
The PE players’ diverse strengths can benefit the company in its future strategies, and lend strength to its standing as a key global supplier of specialty chemicals, food chemicals and preservatives, says Axis Securities
BUSINESS
Road infra: Q4 results to reflect softening input costs, better NHAI awarding and execution
Profitability of road construction companies is seen improving in Q4 FY23 due to softening of commodity prices. Meanwhile, better execution is expected to be reflected in the quarterly performance of KNR Constructions, PNC Infratech, H G Infra Engineering, G R Infraprojects and KEC International.
BUSINESS
Camlin Fine Sciences rallies 14% as promoter, Infinity Holdings launch open offer
Ashish Dandekar and Infinity Holdings have launched an open offer for an additional 26 percent stake in Camlin Fine Sciences at Rs 160 a share, implying a premium of over 5 percent over the previous close
BUSINESS
Anupam Rasayan up 4% on pact with Japanese multinational
It has signed a Rs 1,500-crore deal for the next seven years with a ‘leading Japanese firm’ to manufacture three ‘high-value molecules , Anupam Rasayan has said
BUSINESS
De-risking, focus on rolling stock to keep investors glued to Titagarh Wagons
In the past three years, the scrip has zoomed 785 percent while it has jumped 180 percent in the past year. The wagon maker’s scrip hit its 52-week high of Rs 310 on April 12, reacting to the announcement of an order win
BUSINESS
PNB Housing shares correct 18% to adjust for 29:54 rights issue
Today is the ex-date and record date of the right issue of PNB housing finance.
