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Prudent’s stock has plummeted more than 40% from its peak price

Prudent is the second largest MF distributor after NJ India among the non-banks in terms of commission earned in FY24. If we consider the entire universe of MF distributors including banks, Prudent is the fourth largest. Being a mutual fund distributor, Prudent has benefitted from the robust growth seen in the MF industry. Prudent draws over 80% of its revenue through distribution of mutual funds. Prudent’s revenues and net profit have grown by CAGR (compounded annual growth rate) of 29% and 46% respectively over the past 5 years (FY19-24). The net profit growth has been on the back of rise in AUM (asset under management) to Rs 106,271 crore as at end December’24. Along with healthy inflows, the growth in AUM was led by marked to market (M2M) gains as markets witnessed a strong broad-based rally. Strong earnings visibility, asset light business model with recurring/annuity kind of revenue stream, high operating leverage and strong cash flows makes Prudent a unique proposition.

RR Kabel: Aims to gain market share and expand retail presence in domestic market | Stock Of The Day

RR Kabel is the fourth largest player in the Indian Wires and Cables(W&C) industry by value (FY24). The company operates 5 manufacturing facilities - 2 for wires and cables and 2 for Fast Moving Electric Goods (FMEG). RR Kabel enjoys a strong brand recall and garners 70-75 percent revenue (highest among listed peers) from the retail focused B2C segment, which should function as a strong lever for sales growth and margin improvements in medium term.

Stocks on Radar: DMart, Just Dial, Adani Wilmar, Biocon In Focus | January 13

Catch up on the latest stock market news! From quarterly earnings and acquisitions to major deals and investments, here’s a quick update on stocks in focus today: Avenue Supermarts, Just Dial, Adani Wilmar, Waaree Energies, Indian Overseas Bank, and Biocon. Stay tuned for key developments and insights!

Zomato, Blue Star, Zydus Lifesciences among the top gainers and losers in trade on January 7

Benchmark indices Nifty and Sensex staged a recovery on January 8, turning mildly positive as a rebound in IT stocks lent support. Gains in Reliance Industries propelled the oil and gas sector higher, helping offset the dampening effect of weak global cues that had weighed on sentiment earlier in the day. Here’s a look at the top gainers and losers in trade today.

ITC, SBI Cards, Titan among the top gainers and losers in trade on January 6

Benchmark indices Nifty and Sensex settled with sharp cuts on January 6, as the selling pressure intensified. Here’s a look at the top gainers and losers in trade today.

2024 in Review: Market trends that shaped the year

2024 was a year of seismic shifts in the markets—from SEBI’s crackdowns to shocking election results and a record-breaking IPO boom. Zoya Springwala breaks down the events that shaped this year and how the impacted the markets.

KFin Tech, Bharti Hexacom, Swiggy among the top gainers and losers in trade on December 18

Sensex and Nifty slipped for the third consecutive session on December 18 as nervous investors braced for the US Federal Reserve's interest rate decision due later in the day. Over these three sessions, the Nifty has dropped 2.3 percent, while the Sensex has shed 2.5 percent. Here’s a look at the top gainers and losers in trade today.

Bajaj Housing Finance, Waaree Energies, CEAT among the top gainers and losers in trade on December 12

Sensex and Nifty were marginally lower in the second half of the trading session on December 12, ahead of the weekly expiry of derivatives contracts and the Indian CPI data set to be released after market hours. After outperforming the benchmarks over the past two weeks, the broader markets succumbed to selling pressure, with the BSE Midcap and Smallcap indices dropping 0.5 percent and 1 percent, respectively. Here’s a look at the top gainers and losers in trade today.

Stock of The Day: Industry upcycle would continue to aid growth of asset owners like JHL

JHL is amongst the prominent listed players in the premium and luxury hotel segment operating hotels in key Indian cities under the Hyatt brand. Healthy inventory addition plans as well as the industry upcycle would transition it in the next growth leg. Strong balance sheet and healthy cash flow generation would enable it to effectively ride the sustained growth in the industry

ITC, IndusInd Bank, Godrej Consumer Products in Focus| stocks on radar

ITC Q2 profit rises 3% YoY to Rs 5,078 crore, but operating margin misses estimates. IndusInd Bank Q2 profit tanks 39% YoY to Rs 1,325 crore. IndusInd bank q2 profit drops 39.2% to Rs 1,325.5 crore vs Rs 2,181.5 crore .Watch here for more

HDFC Bank| Why should investors bet on HDFC Bank despite the underperformance ?

HDFC bank, known for its consistency, delivered earnings growth of 30% YoY every quarter for a very long period and that moderated to 20% YoY in the past few years. And precisely for this consistency in the performance across credit cycles, HDFC bank enjoyed the premium valuation. However, the merger has weighed on the HDFC bank’s stock performance. The Street seems to be extrapolating near-term merger hiccups to future years.Given the bank’s track record and execution capabilities, HDFC Bank can positively surprise the Street on earnings growth albeit in the next fiscal which can lead to a valuation re-rating and stock upside. Investors should use the current consolidation in the stock price to accumulate the stock.

Crompton Greaves -Building momentum for growth| Iconic 75-Year-Old Consumer Durables

The company's focus on expanding market share and increasing the proportion of premium products within its fan and lighting portfolios is expected to yield significant results. Additionally, restructuring efforts in the Butterfly business aim to position it as a customer-centric innovative brand. By focusing on Agri and solar pumps, premium ceiling lights, and accessories, and launching innovative BLDC fans, Crompton is well-placed to grow its market share.

Stock Market Live: Time To Gun For Defence Stocks? | Vedanta, Angel One, Hero Moto In Focus

Nifty shut shop above the 18,000 mark for the second straight day, however it ended near the day’s low on February 16. Will the index consolidate around these levels? We decode the trade setup and discuss stocks like Vedanta, Angel One and Hero Motocorp with Raja Venkatraman of NeoTrader. What’s the outlook on defence stocks after the stellar rally in stocks like Bharat Dynamics, HAL & BEL? Amit Kumar Gupta of Fintrekk Capital shares his thoughts with us. Watch!

Stock Market Live: Nifty Back Above 17,600 | ITC At Record, Adani Stocks Slide | Closing Bell

Nifty recovers from day's low to trade above the 17,600 mark. Mid and smallcaps edge back into the green. FMCG and IT are among the top sectoral gainers but Nifty metal index melts over 4%. ITC hits record high ahead of Q3 earnings. Catch Santo and Yatin discuss the trade setup and what's leading to the volatility post budget. Stocks in focus: Indian Hotels and IDFC First Bank.

Zerodha's net profit nearly doubles to Rs 2,094 crore in FY22 on 80% rise in operating revenue