Oberoi Realty in talks with Marriott International, Hyatt for luxury hotel property in Thane
The company is planning to develop a 300-key property as part of its proposed integrated development spread across nearly 75 acres. This will be the first five-star hotel to come up in Thane near the countrys financial capital Mumbai.
Oberoi Realty inks pact to acquire NRB Bearings' 6.4-acre land in Thane
In February, the developer acquired air-conditioning and commercial refrigeration company Blue Star Indias 9-acre land parcel in the same vicinity for nearly Rs 200 crore. The Blue Star India's land parcel is located on Thanes Pokhran Road II next to GlaxoSmithKline Pharmaceuticals 60-acre plot that Oberoi Realty had acquired in 2019 for Rs 890 crore.
Leading consumer goods companies to continue capex, expansion this fiscal
Much of the capex is ear-marked for new factories, expansion of capacities in existing factories or expansion of their business such as retail stores. Last fiscal, most companies had expanded their capex by record numbers after two years of the pandemic.
Blue Star targeting to double exports within 3 years, says top official
Blue Star Ltd is targeting to double its exports within three years as the company looks to expand its international footprint. Blue Star Managing Director B Thiagarajan said the company's exports are worth around Rs 800 crore at present and would like to double these within three years. According to Thiagarajan, the company is going to expand its international footprint.
Pashupati Advani on what to do with HDFC twins, Mannapuram Finance & tyre stocks
“If the banks have given loans in white goods, they are probably going to have difficulty in recovering. So even the large companies are quietly writing off. The ones that cannot afford to write off are holding them and then defaulting back to the banks. So the smaller banks are definitely going to be affected because they have gone into that sector.”
We expect to grow at over 20% between Jan to June despite slower sales in April: Vir S Advani, Blue Star
Blue Star expects to grow at over 20% between January to June despite slower sales in April and potential issues in the north for May. The company had a record year in FY22 with income of over INR 8,000 crore and improved EBIT margins across its segments. The company also managed to improve gross margins through total cost management initiatives, despite volatile commodity prices. Blue Star is diversifying its portfolio of projects, bidding on infrastructure projects in addition to commercial buildings.
Consumer companies hit hard as summer products take a rain check
Sales of summer products like air-conditioners, refrigerators, beverages, and ice cream have dropped by up to 26% YoY since mid-March in the North of India, which accounts for more than half of the sales of these products due to unseasonal rain causing a cooler climate.Pushing inventory up for marketers, sales have reduced even though they expect a revival in sales later this month, which has left them worried about meeting summer targets. The summer period usually accounts for more than 50% of annual sales for these categories.
Rakshit Ranjan on why Marcellus won't go for AC companies this summer
“Our conviction on Divis is more from a stock-specific perspective rather than from a category oriented perspective. Divis is a firm where half of its business is not API related. It is a contract manufacturing of patented molecules largely etc. And as a result of this part of the business, there tends to be a lot of volatility from quarter to quarter in reported results.”
Look to buy TVS Motors; ICICI Bank to lead bank pack for next 2 years: Dilip Bhat
Banking is expected to take leadership in the stock market, with ICICI Bank leading the way, according to market expert Dilip Bhat. His prediction is based on ICICI Bank's recent result which confirmed that banking shares will be over-owned by FIIs. Bhat expects the bank to dominate over the next one-to-two years with a good amount of steam still to come. As for other stocks, RVNL, RITES, and Nestle are looking impressive.
We are being chased for faster deliveries across various locations: B Thiagarajan, Blue Star
Air conditioner and deep freezer manufacturers are experiencing high demand as the market gears up for the summer season. Blue Star MD B Thiagarajan, said that demand has picked up well across various regions, particularly in the south and west, leading to orders for faster deliveries. He estimates an overall 25% growth in the market from March to June, and predicted that the market would reach 10 million units this financial year.
Companies plan full production as summer sales hot up
As per industry estimates, sales of products like air-conditioners, refrigerators, ice-creams and beverages in these markets so far this season are up to 10% higher than the summer of 2022, which was one of the best in recent years.
Sales of summer categories back on growth curve after rain disruption
As per industry estimates, sales of products like air-conditioners, refrigerators, ice creams and beverages shot up by up to 10% in these markets over 2022 which was one of the best summers in the last few years.
ETMarkets Fund Manager Talk: This portfolio manager’s smallcase has given index-beating return of 12% despite volatility
Craving Alpha's "Sector Advantage" smallcase has outperformed the Nifty 50 index over the last six months, earning its investors a positive return of 11.83%, as the benchmark index lost 4.88%. The company's stock selection process focuses on identifying quality companies that align with current economic conditions. They remain invested without relying on market timing strategies even during uncertainties. Craving Alpha predicted that SIP inflows might cool down in the coming months, but the trend of equity inflows in India will continue to magnify, as the country has remained resilient to recent global issues.
D-Street feeling the heat of global crisis, but these stocks can be coolants to your portfolio
For companies such as Amber Enterprises India, Blue Star, Voltas, and Whirlpool of India, about 70% of the annual primary sales of their products like air conditioners, air coolers, and refrigerators take place in the first six months of a calendar year. In fact, March-May accounts for 50% of this.
Top PMS funds picked these 12 new stocks last month. Should you follow suit?
"In Q3, capital goods companies reported strong margin expansion. This is usually a good lead indicator of a strong demand outlook (so that competitive intensity is less), better capacity utilisations or new capabilities that are not yet commoditized," said Prateek Agarwal of Motilal Oswal Asset Management Company.
The worst hit stocks in the sector are contract manufacturers of electronic appliances Amber Enterprises and Dixon Technologies. While Amber Enterprises has nosedived more than 42% so far in FY23, Dixon has lost about 31%.
Hemang Jani on bets for Summer of 2023, algo trading & more
“The market is moving towards technology-based trading and the kind of model or the logic framework that given the opportunity which is there in the market – both options as well as the normal market – is where I am really inclined. There is going to be a big headway because of the new norms that Sebi is going to come out with and the fact that they can have good returns irrespective of the market.”
Blue Star, IRB Infra among 7 stocks that defied bearish mood on Street to hit 52-week highs
Markets were ending in the red for the past four days and investors were left poorer by Rs 6 lakh crore amid concerns that the Fed may remain hawkish for a longer duration than expected, which may even force RBI to keep interest rates high
Changing fortunes: Margin visibility, capex boost aiding engineering stocks; what to buy?
“The challenge lies in the outlook…industrial companies orderbook prospects heavily hinge on global growth. This is because industrial cycle is dependent on demand, prices and liquidity cycle – all of which are heavily influenced by global factors,” Nuvama Institutional Equities said.
Sandip Sabharwal would rather avoid Zomato and LIC. Here’s why
“I would think that any big rally should be used for people to actually exit or something like in a Zomato. Maybe if you have a three, five-year horizon you might not exit and see if things actually improve. But the results give actually no confidence to come in and buy.”
Oberoi Realty Q3 net profit rises 50% YoY to Rs 701.77 crore
The residential market continues to grow due to the increase in demand for larger homes due to incremental income and financial stability…With new project launches planned for the fourth quarter, we expect to end the year on a strong note as we continue to look out for future growth opportunities,” said Vikas Oberoi, CMD, Oberoi Realty
Blue Star Q3 Results: Net profit rises 23% YoY to Rs 58.41 crore
This is the fifth consecutive quarter of good performance, and we expect to maintain the growth momentum in the coming quarters as well," Blue Star Ltd Vice Chairman & Managing Director Vir S Advani said.Revenue from the electro-mechanical projects and commercial air conditioning systems segment grew by 20.51 per cent to Rs 1,000.09 crore in the third quarter of FY23 compared to Rs 829.85 crore in FY22, the company said.
Zomato a good potential new age growth company to look at; liked Landmark IPO: Vinit Bolinjkar
"Landmark is a very strong business having tremendous moats and it is the only organised play in the car distribution and dealership business. We believe that Ladmark is going to get into the game of acquisitions because there are 5,000 dealerships in India; they have about 112 dealerships and consolidation is the name of the game and they have a head start being listed in the markets."
Inflationary pressure on input costs shadows healthy revenue growth in Q2
The revenues for the BSE500 universe grew 24 percent year-on-year and 3 percent from the previous quarter. However, the inflationary pressures escalated the input costs which resulted in a mid-single digit YoY and sequential growth in operating profit
Ahead of Market: 10 things that will decide D-Street action on Friday
European shares fell on Thursday, led by technology shares, after the Federal Reserve hinted at smaller interest rate increases for longer, dampening hopes of a downshift in its aggressive fight against inflation.The pan-European STOXX 600 dropped 0.9% by 0905 GMT, with rate-sensitive European technology stocks falling nearly 2%. While most major European sector indexes slid, banks edged 0.3% higher.
Looking for Diwali Dhamaka? Not consumer durables, play it via logistics: Digant Haria
“I do not think insurance is a space where earnings growth is going to surprise you meaningfully. There are many more sectors like banking, NBFCs, autos, or capital goods where the earnings are going to be much higher. So the excitement is going to be there. I do not think excitement is going to be very high in insurance for the next one or two years.”
Blue Star bags two orders worth Rs 390 crores from Bangalore Metro
The first order, worth Rs 203 crores, is a turnkey project including maintenance works for Tunnel Ventilation System (TVS) and Environmental Control System (ECS), as well as SCADA works for six underground stations and associated tunnel sections in Reach-6 of Bangalore Metro Rail Project Phase-II.