BUSINESS
Maruti Suzuki jumps 4% to record high on stellar Q1; brokerages boost targets
Brokerages have raised their target prices for the leading automaker, forecasting continued margin expansion
BUSINESS
Brokerages pump up M&M's target price on strong Q1 results, attractive valuations
JPMorgan and Morgan Stanley have both maintained 'overweight' ratings on M&M, hiking target prices to Rs 3,210 and Rs 3,304 per share, respectively
BUSINESS
M&M hits record tractor sales in Q1FY25, projects over 5% growth ahead
The management noted that favorable trade conditions and price realisations in mandis indicate a revival in the tractor industry
BUSINESS
M&M eyes mid-to-high teens growth for FY25; Thar Roxx debut in spotlight
The Indian automaker retained its leadership in the SUV segment, selling over 1.2 lakh units in the April-June quarter
BUSINESS
Short Call: Yen carry trade unwinding could be joker in the pack; NTPC, IEX, Colgate, SBI Cards, ACC in focus
“Everyone is trying to look ahead, and your bet will pay off only if it is correct and different from what others anticipate.” - Joe Tillinghast
BUSINESS
IndusInd Bank stock gains 2% on decent Q1 show, analysts find valuations attractive for re-rating
Although brokerages remain bullish on IndusInd Bank due to attractive valuations, they lowered target prices as Q1 earnings missed estimates
BUSINESS
Brokerages hail ICICI Bank strong Q1 results, forecast further re-rating
Macquarie, Morgan Stanley, and InCredit Equities were bullish on ICICI Bank as they assigned target prices of Rs 1,300, Rs 1,500, and Rs 1,450 per share, respectively
BUSINESS
ICICI Bank sees mild LCR impact from RBI's draft norms, LDR to stay stable
ICICI Bank reported a 16 percent YoY growth in domestic loans, while average deposits increased by 18 percent YoY in Q1FY25
BUSINESS
ICICI Bank Q1 preview: Loan growth to drive NII, profit; margin contraction likely
ICICI Bank's fiscal first quarter net profit is expected to grow up to 10 percent YoY to Rs 10,614 crore.
BUSINESS
IndusInd Bank eyes 18%-23% growth for FY25 led by strong loan, deposits growth
Both loans and deposits grew by 15 percent YoY in Q1FY25 for IndusInd Bank
BUSINESS
IndusInd Bank forecasts 4-6% impact from RBI's new draft LCR norms
The new RBI draft rules require banks to assign an extra 5 percent runoff rate to deposits made via internet and mobile banking.
BUSINESS
IndusInd Bank Q1 preview: NII, profit to grow in double-digits; margin pressure likely
Axis Bank's NII is pegged to rise 13.6 percent YoY to Rs 5,533 crore in Q1FY25
BUSINESS
Gold loan stocks to feel the pinch from duty cut as margin of safety shrinks: Analysts
Analysts believe that this reduction in gold duties could lead to lower gold prices, which could negatively impact gold loan companies in the near term by diminishing their financial cushion or 'margin of safety.'
BUSINESS
Axis Bank expects credit costs to go higher after Q1 asset quality declines
The management indicated that roughly 55 percent of the increase in credit costs was due to lower recoveries and upgrades in the corporate loan portfolio
BUSINESS
STCG tax hike impact on retail investors would largely be psychological: Sandeep Tandon of Quant MF
While the tax increase might affect trading volumes and liquidity in the short term, its long-term implications will depend on how investors adjust to the new tax regime, said Tandon
BUSINESS
Treating equities like other asset classes is flawed: Bharat Shah of ASK Group
Equities are much, much higher up the ladder in terms of risk asset and to harmonise the capital gains tax rate in the same way to some other asset probably is not the ideal comparison, Shah said.
BUSINESS
Capital gains tax hike not the first or last change for investors, more in store: Vikas Khemani
Khemani also highlighted his continued interest in PSU stocks, noting their strong performance in terms of asset quality, technology, and governance
BUSINESS
Bajaj Finance predicts margin stabilisation from September after Q1 compression
Margin contraction seen in the June-ended quarter was attributed primarily to higher funding costs as well as AUM composition, said Bajaj Finance
BUSINESS
Panic-selloff: Sensex, Nifty crash over 1% as FM hikes capital gains tax, STT on F&O in Budget 2024
Fear sentiment dialed up on July 23 after Finance Minister Nirmala Sitharaman hiked capital gains tax and increased securities transaction tax (STT) on futures and options (F&O) trading in the Budget presentation
BUSINESS
Why the Budget is critical for 'overvalued' stock market
“To be a better investor, you have to stand on your own.You just can’t copy other people’s insights.” - Li Lu
BUSINESS
Bajaj Finance Q1 preview: NII, profit to grow in double-digits YoY led by strong loan growth
Bajaj Finance is pegged to register 34 percent YoY rise in NII to Rs 9,042 crore
BUSINESS
Kotak Mahindra Bank's Q1 results evoke mixed brokerage views; stock down 3%
Brokerages offered mixed opinions on the stock, citing uncertainty over the timeline for lifting the RBI's digital banking ban, keeping margin and loan growth outlook in check
BUSINESS
HDFC Bank greenlights HDB Financial Services IPO, explores additional stake sale
Currently, HDFC Bank owns a 94.6 percent stake in HDB Financial
BUSINESS
Agricultural seasonality hurt asset quality in Q1FY25, says HDFC Bank
The management emphasised that excluding NPAs in the agricultural segment, the gross NPA would be 1.16 percent compared to 1.33 percent in Q1FY25
