Fundamental Radar: This NBFC multibagger could hit fresh record highs in 2023; time to buy?
Post-acquisition of Magma Fincorp, the Poonawalla group has strengthened its leadership team, accompanied by reorientation of the customer mix, realignment of the product suite, and implementation of stringent credit policies.
Chambal Fertilisers & Chemicals, incorporated in the year 1985, is a Mid Cap company (having a market cap of Rs 12985.68 Crore) operating in Fertilisers sector.
Techno Electric & Engineering Company, incorporated in the year 2005, is a Mid Cap company (having a market cap of Rs 3609.99 Crore) operating in Engineering sector.
During the recent swift decline, the stock managed to defend July months low. Appearance of multiple tall bullish candle indicates renewed buying interest and shift of band on the upside.
IT sector will make a comeback in 2023: Sumit Poddar, Tikona Capital
“In addition to handling the crisis quite well, India also thrived in this particular situation. As per the anti-fragility concept of Nassim Taleb, when anything or any organisation, country or society, thrive during a period of crisis, they build in anti-fragility which is what India built in as far as 2022 is concerned. ”
Buy Techno Electric & Engineering Company, target price Rs 410: ICICI Direct
Techno Electric & Engineering Company, incorporated in the year 2005, is a Mid Cap company (having a market cap of Rs 3508.27 Crore) operating in Engineering sector.
Buy Bajaj Electricals, target price Rs 1440: ICICI Direct
Bajaj Electricals, incorporated in the year 1938, is a Mid Cap company (having a market cap of Rs 13166.30 Crore) operating in Consumer Durables sector.
Chambal Fertilisers & Chemicals, incorporated in the year 1985, is a Mid Cap company (having a market cap of Rs 13120.95 Crore) operating in Fertilisers sector.
Fundamental Radar: 5 reasons why Lemon Tree could give 20% upside in next 1 year
Demand from corporate travel remains robust and it continues to be the highest contributor to room nights sold. The contribution of the retail segment has also grown significantly. Going ahead, the management sees a significant improvement in consumer sentiment and expects Leisure and corporate travel to continue gaining traction.
Fundamental Radar: Underperformer of 2022, Titan could rally over 20% in 2023; time to buy?
“With customers gradually shifting to organised players and given continued struggles faced by its unorganised and organised peers, Titan has a strong runway for growth,” Sneha Poddar, Associate Vice President at Motilal Oswal Financial Services Limited, said.
Fundamental Radar: Multiple triggers make NMDC a value buy; here’s why
The measures come after a six-month imposition and at a time when steel demand and pricing has taken a hit due to the global economic slowdown, and escalated Covid situation in China.
Fundamental Radar: ITC is a long-term buy after 50% rally in 2022, says Sneha Poddar
“We have again turned positive on ITC led by a: a) better-than-expected demand recovery and a healthy margin outlook in Cigarettes, b) healthy sales momentum in the FMCG business, c) smart recovery from the Hotels business,” Sneha Poddar, AVP, Fundamental Research, Motilal Oswal Financial Services, said.
Tale of two halves! FII holding hits 10-year low but DIIs at record high
The share of domestic mutual funds in companies listed on the NSE rose for the fifth quarter running and reached an all-time high of 7.97% in Q2, up from 7.95% in the previous June quarter.
Fundamental Radar: India’s largest company by m-cap is a long-term buy, Sneha Poddar tells why
Retail, telecom, and new energy could drive the stock of RIL with a market capitalisation of more than Rs 17.7 lakh crore, highest among India Inc. companies listed on the stock exchange, suggest experts.
Fundamental Radar: This smallcap logistics player can hit fresh record highs; rally up to 40% in 1 year
“With robust industry outlook and aggressive branch addition, VRL is on track to clock 18% volume growth in Goods Transport (GT) segment over FY22-24,” Sneha Poddar, AVP, Fundamental Research, Motilal Oswal Financial Services, said.
Fundamental Radar: Good news for SBI shareholders. This brokerage firm sees fresh record highs in 1 year
Improved PCR, coupled with controlled restructuring and low Special Mention Accounts (SMA) book will drive a sustained reduction in credit cost to 0.8% for SBI which is our top pick,” Sneha Poddar, AVP, Fundamental Research, Motilal Oswal Financial Services, said.
Is it time to look at large-cap or mid-cap IT companies for investment? Why is Sumeet Poddar bullish on domestic stories?
"Large private banks stocks will come out as a winner because they are investing a lot in digitisation. It is not just about investing in digitisation alone but also in ecosystems. So, they have been at the forefront of ensuring that the banking ecosystem is in place."
For the quarter ended June 30, 2022, the company has reported a consolidated total income of Rs 1237.41 crore, down 8.70 per cent from last quarter total income of Rs 1355.34 crore and up 42.99 per cent from last year same quarter total income of Rs 865.37 crore.
Wanted: Business leaders with soft skills like empathy in post-Covid workplace
According to a LinkedIn survey of around 23,000 workers, employees are increasingly seeking out bosses who show empathy and compassion in the workplace. Additionally, 61% say soft skills in the workplace are just as important as hard skills.
Maha: 222 Dahi Handi participants injured in Mumbai, 64 in Thane city
In Thane city, the home turf of Maharashtra Chief Minister Eknath Shinde, 12 out of the 64 injured are being treated at hospitals, officials said, adding that all of them are out of danger. In Mumbai, 197 injured 'Govindas' were discharged after treatment. The condition of 25 others admitted to hospitals is stable, they said.
24 Govindas suffer injuries during Dahi Handi celebrations in Mumbai
As many as 24 members of Govinda troupes had been injured in Mumbai as of 3 pm, said a release issued by the Brihanmumbai Municipal Corporation (BMC). While 19 of them were discharged after treatment, five Govindas were hospitalized and their condition was said to be stable, it added. Among those injured, nine Govindas were treated at the civic-run KEM hospital, five at Nair hospital and four at Poddar hospital.
Stocks in the news: NTPC, Cipla, SAIL, Mahanagar Gas and Future Group stocks
State-owned power giant NTPC floated a tender to raise Rs 5,000 crore term loan from financial institutions. As per the document, the bids can be submitted till 1100 hours on August 31.
Bajaj Electricals elevates Anuj Poddar to the role of Managing Director, CEO
Bajaj Electricals Chairman Shekhar Bajaj said over the last few years a significant transformation journey has been embarked at Bajaj Electricals - involving many changes on the business as well as the organisational front. The company has also separated the post of chairman and managing director and its patron Shekhar Bajaj will continue as the executive chairman of the company.
Despite inflationary pressures, growth, though dented, has helped them stay the course, companies said. The corporate sector has been tackling headwinds from rising input and logistics costs impacting their earnings in the next few quarters.
Despite inflationary pressures, growth, though dented, has helped them stay the course, companies said. The corporate sector has been tackling headwinds from rising input and logistics costs impacting their earnings in the next few quarters.
Indus Towers sets aside Rs 1,233 crore as receivables from key customer
The key customer, which analysts say, is cash-strapped Vodafone Idea, has told the tower company that it is on the verge of finalising a payment plan to the company where it has committed to pay part of the amount to be billed till the end of the year and 100% of the amount billed thereafter.
DLF cuts net debt by 16% QoQ to Rs 2,259 cr in Apr-Jun
The gross debt also fell to Rs 3,900 crore as of June 30 from Rs 4,755 crore at the end of the last fiscal. On the operational front, DLF's sales bookings doubled to Rs 2,040 crore during the first quarter of this fiscal from Rs 1,014 crore in the year-ago period. It is targeting 10 per cent growth in its sales bookings to about Rs 8,000 crore this fiscal.
More companies giving parents health insurance. Avg sum insured in group covers hiked to Rs 5 lakh per family
Including parental covers in group health insurance comes with several advantages such as no age bar for parents, no pre-medical check-ups required, coverage is applicable from day one and it covers pre-existing diseases among others.
DLF aims to double retail presence in 4-5 years, building new malls: Chairman Rajiv Singh
"... Despite the hardships faced in the recent past, your company exhibited strong resilience during this challenging phase and has come out even stronger, delivering a strong performance across all key parameters during the (last) fiscal," DLF Chairman Rajiv Singh told shareholders in an annual report for 2021-22.
Stocks in the news: RIL, JSW Steel, ICICI Bank, Cipla and Bank of Baroda
Pharma firm Cipla has agreed to acquire an additional stake for nearly Rs 26 crore in digital tech company GoApptiv Private to raise its shareholding to 22.02 per cent.
B2B startup DAOlens raises $5 million led by Nexus Venture Partners
Better Ventures and iSeed II also participated in the round along with angel investors including Balaji Srinivasan, Sandeep Nailwal, Raj Gokal, Gokul Rajaram and Kunal Shah.
IRDAI's new norms to prompt insurers to launch innovative policies swiftly: Experts
The Insurance Regulatory and Development Authority of India (IRDAI) last week extended the 'use and file' procedure for most of the life insurance products, thereby allowing insurers to launch new products without prior approval of the regulator.
ED raids Punjab-based real estate group, seizes Audi car, Rs 85 lakh cash
An Audi car, Rs 85 lakh in cash and documents were seized during recent raids against a Punjab-based real estate group in connection with a money laundering case linked to alleged cheating of homebuyers, the ED said. The searches were carried out on June 3 against Gupta Builders and Promoters Pvt. Ltd., its directors Satish Gupta, Pardeep Gupta, their associates Bajwa Developers Ltd, Kumar Builders, Vinmehta Films Pvt. Ltd. and residences of their directors Jarnail Singh Bajwa, Navraj Mittal, Vishal Garg and others at 19 locations in Chandigarh, Ambala, Panchkula, Mohali and Delhi, it said in a statement.
No-code data and operations management platform Grid secures $700K funding
Grid intends to primarily utilize the freshly infused capital to expand its sales and marketing efforts across the target markets and strengthen its product suite.
JMM to field candidate for Jharkhand RS seat, Soren to meet Sonia
"The legislative party has unanimously decided that JMM will field its candidate for the Rajya Sabha polls at any cost. The party expects support from Congress. We want that there should be a single Grand Alliance candidate for the polls," JMM spokesperson Supriyo Bhattacharya said.
DLF rental arm clocks 10 pc increase in rent income at Rs 3,350 cr in FY22
DCCDL, which is a joint venture between DLF and Singapore's sovereign wealth fund GIC, has a commercial portfolio of 37.9 million square feet, of which 34 million square feet is office space and the rest is for retail.
JMM to field candidate for Jharkhand RS seat, Hemant Soren to meet Sonia Gandhi
Two seats of Rajya Sabha from Jharkhand will go to the polls as the tenures of Union Minister Mukhtar Abbas Naqvi and BJP MP Mahesh Poddar are expiring on July 7.
Fashion retailer High Street Essentials raises Rs 40 crore in funding from Stride Ventures
HSE plans to double its offline presence by adding 30 more exclusive brand outlets, a mix of company-owned stores and franchisees and another 100 shop-in-shops in large format stores over the next 12-18 months.
Plum appoints Jayanth Ganapathy as director of healthcare
With increasing demand for affordable and quality healthcare, penetration of health insurance is poised to expand in the coming years. The next step for insurtech is to bridge the gap between healthcare access and insurance penetration.
"Most of the key decisions in terms of downstream, mergers and all, in principle, have been frozen, the asset perimeter has been frozen. We will, I think, sometime in the next four weeks have a Cybercity board meeting. So those issues are now hopefully behind us and we should be completely ready in the next few months, "said Ashok Kumar Tyagi, Whole Time Director & CEO of DLF Limited.
Bajaj Electricals tanks 5% as high input costs drag Q4 net profit down 29% YoY
The company reported a consolidated profit of Rs 39 crore for the three months, down 28 per cent year-on-year. Consolidated revenues grew by 6 per cent to Rs 1,334 crore, primarily led by the price increases taken in preceding quarters.