Investment & Trading Ease at India Infoline

IRDAI approves Hinduja’s acquisition of Reliance Capital business

According to the plan, IIHL would form a subsidiary, IIHL BFSI Holdings (Mauritius), in which it will own 51% and other group companies will own the other 49%

13 May, 2024 |
12:28 PM

SpiceJet Launches Daily Nonstop Flights From Delhi to Phuket

According to the airline, this new service will give visitors an easy and reasonably priced option to take advantage of everything Phuket has to offer.

13 May, 2024 |
12:25 PM

Escorts Kubota to infuse ₹4000-4,500 Crore in new plant over next 3-4 years

Currently, the company's total annual tractor production capacity is 1.7 lakh units. The main plant is located in Faridabad.

13 May, 2024 |
12:18 PM

Maruti Suzuki Expects 30% Sales Jump in CNG Vehicles in FY25

According to Rahul Bharti, the company's Manesar facility in Haryana, which is expanding its capacity by about one lakh units annually, takes care of most of the Ertiga supply problems.

13 May, 2024 |
12:12 PM

Eicher Motors logs 18% y-o-y growth in Q4 net profit

During the quarter, Royal Enfield sold 227,925 motorcycles, increasing 6.17% from 214,685 motorcycles sold in FY 2022-23.

13 May, 2024 |
11:29 AM

Tata Motors’ net profit up y-o-y by 222% in March quarter

TML's revenue in the fourth quarter of fiscal year 2023-24 was ₹120.0K Crore, up 13.3% over the same period last year.

13 May, 2024 |
11:27 AM

Interim Resolution Professional to oversee ATS Group's Knightsbridge project

All parties involved were told by NCLAT to file a reply within three weeks, and the IRP was advised to confine its actions to the construction process alone.

13 May, 2024 |
10:57 AM

Top Gainers / Losers
13 May , 2024 | 12:27 PM

Company	LTP(₹)	Change(%)
Cipla CIPLA	1412.3	+72.75 (5.43%)
Asian Paints ASIANPAINT	2866.7	+95.45 (3.44%)
Divis Lab. DIVISLAB	3903.25	+109.75 (2.89%)
HDFC Life Insur. HDFCLIFE	560.05	+11.50 (2.1%)

Top Gainers as per Nifty50

Company	LTP(₹)	Change(%)
Asian Paints ASIANPAINT	2867.95	+95.15 (3.43%)
HDFC Bank HDFCBANK	1451.25	+13.65 (0.95%)
Larsen & Toubro LT	3296.9	+25.55 (0.78%)
TCS TCS	3925	+29.15 (0.75%)

Top Gainers as per Nifty50

Company	LTP(₹)	Change(%)
Tata Motors TATAMOTORS	962.9	-83.75 (-8%)
Hero Motocorp HEROMOTOCO	4768.9	-108.50 (-2.22%)
Shriram Finance SHRIRAMFIN	2298.9	-45.45 (-1.94%)
B P C L BPCL	606.85	-11.80 (-1.91%)

Top Gainers as per Nifty50

Company	LTP(₹)	Change(%)
Tata Motors TATAMOTORS	960.35	-86.50 (-8.26%)
IndusInd Bank INDUSINDBK	1391.7	-17.90 (-1.27%)
NTPC NTPC	351.7	-4.00 (-1.12%)
St Bk of India SBIN	810.75	-7.60 (-0.93%)

Top Gainers as per Nifty50

Earnings

Q4FY24 Preview: Reliance Industries: EBITDA seen at ₹425,702 Million, PAT at ₹ 190,501 Million

All segments are expected to do well, except O2C.

19 Apr, 2024 |
2:54 PM

Q4FY24 Preview: HDFC Bank: NII seen at ₹287.4 Billion, PAT at ₹154.9 Billion

Weak performance likely over the December 2023 quarter.

19 Apr, 2024 |
2:31 PM

Q4FY24 Review: Tata Communications: Near-term headwinds persist

The stock trades at 11.7x EV/Ebitda and analysts of IIFL Securities estimate 17% Ebitda Cagr over FY24-27. Maintain ADD

19 Apr, 2024 |
1:40 PM

Q4FY24 Review: Infosys: Weak guidance a reflection of state of IT demand

~18% correction in stock price recently has taken care of multiple de-rating while attractive dividend yield (~4%) should provide downside support to valuations. Hence, analysts of IIFL Securities maintain BUY, but expect its discount to TCS to remain elevated in near term.

19 Apr, 2024 |
1:08 PM

Q4FY24 Review: HDFC Life: Weak margins but FY25 outlook is positive

VNB margins were at 26.1% for Q4FY24, declining by 320bps YoY, driven by lack of operating leverage and change in new business profile. HDFCLI continues to focus on VNB growth driven by APE growth and is willing to trade incremental margins for better growth opportunities.

19 Apr, 2024 |
12:27 PM

Top Performing Funds


SBI PSU Fund (G)	1 Yrs Returns 89.82	NAV 30.3505
Aditya Birla SL PSU Equity Fund (G)	1 Yrs Returns 87.40	NAV 33.02
Invesco India PSU Equity Fund (G)	1 Yrs Returns 81.48	NAV 58.11
ICICI Pru PSU Equity Fund (G)	1 Yrs Returns 76.71	NAV 19.65
Franklin India Opportunities Fund - (G)	1 Yrs Returns 68.95	NAV 214.1488


DSP Credit Risk Fund (G)	1 Yrs Returns 15.20	NAV 39.969
TRUSTMF FMP - Series II (1196 Days) - Reg (G)	1 Yrs Returns 8.58	NAV 1094.138
Nippon India Fixed Horizon-XLV-Sr.5 (G)	1 Yrs Returns 8.57	NAV 10.9679
Baroda BNP Paribas Floater Fund - Regular (G)	1 Yrs Returns 8.04	NAV 10.8316
SBI Floating Rate Debt Fund - Regular (G)	1 Yrs Returns 8.03	NAV 12.142


Quant Dynamic Asset Allocation Fund-Regular (G)	1 Yrs Returns 54.69	NAV 15.5701
JM Aggressive Hybrid Fund - (G)	1 Yrs Returns 52.80	NAV 111.693
Bank of India Mid & Small Cap Equity & Debt Fund (G)	1 Yrs Returns 44.87	NAV 33.77
Quant Multi Asset Fund (G)	1 Yrs Returns 43.15	NAV 127.2206
ICICI Pru Retirement Fund - Hybrid AP (G)	1 Yrs Returns 42.79	NAV 22.19


SBI Long Term Equity Fund (G)	1 Yrs Returns 53.30	NAV 379.9055
Motilal Oswal ELSS Tax Saver Fund (G)	1 Yrs Returns 52.98	NAV 43.0244
Quant ELSS Tax Saver Fund - Regular (G)	1 Yrs Returns 52.84	NAV 363.4838
ITI ELSS Tax Saver Fund (G)	1 Yrs Returns 50.42	NAV 21.8323
Bank of India ELSS Tax Saver (G)	1 Yrs Returns 48.72	NAV 153.72


ICICI Pru Nifty PSU Bank ETF	1 Yrs Returns 79.40	NAV 70.98
Kotak Nifty PSU Bank ETF	1 Yrs Returns 79.00	NAV 702.49
Nippon India ETF Nifty PSU Bank BeES	1 Yrs Returns 78.89	NAV 78.35
ICICI Pru Nifty Financial Services Ex-Bank ETF	1 Yrs Returns 32.71	NAV 22.94
DSP Nifty Bank ETF	1 Yrs Returns 10.65	NAV 47.91

All You need to know about markets

US October inflation tapers to 7.7% but MOM inflation is higher

Since March 2022, when the Fed hawkishness first manifested, the Fed has hiked rates by 375 basis points. However, till June 2022, inflation was on the ascendant, when the US consumer inflation peaked at 9.1%. Since then, the inflation has gradually tapered from 9.1% to 7.7%. While a 140 bps fall may not sound substantial, what is notable is that in October 2022, the consumer inflation was lower than the consensus street expectation.

M&M Financial Services hits upper circuit today, find why here?

Mahindra & Mahindra Financial Services (M&M Finance), which posted better-than-expected profits for the September quarter, increased by as much as 10% during early trade on Thursday.

Board of Steelcast recommends Second Interim Dividend?

Steelcast announced that the Board of Directors of the Company at its meeting held on 20 October 2022, has recommended a Second Interim dividend of Rs.1.35 per share (i.e.27%), subject to the approval of the shareholders

RBI to do pilot project on its digital currency this year

T. Rabi Sankar, the deputy governor of the Reserve Bank of India (RBI), announced on Wednesday that the central bank will introduce its digital currency as a pilot project this year.

How many Sectors are there to invest in Stock Market?

You can invest in 11 different sectors in the stock market. This type of industry categorization helps the portfolio manager create a diverse portfolio and allocate funds more efficiently.

What is nifty and sensex ?

Nifty and Sensex are benchmark index values for measuring the
overall performance of the stock market. Nifty is the Index used
by the National Stock exchange, and Sensex is the Index used by the Bombay Stock Exchange.

Blogs

Mutual funds see ₹2.39 Trillion net inflows in April 2024

The massive net inflows in April 2024 were triggered by a surge of debt fund inflows

13 May, 2024 |
8:54 AM

Indiainfoline.com - Celebrating 25 Years of Democratizing Financial Knowledge

R. Venkataraman, Chairman, IIFL Securities, on 25th anniversary of indiainfoline.com.

11 May, 2024 |
11:37 PM

Sectoral Indices performance in April, 2024

The coming week will see the Nifty and Sensex influenced by the Fed policy and domestic macro data

09 May, 2024 |
10:53 AM

FIIs sell aggressively in the second half of April 2024

While telecom got the bulk of the inflows, BFSI, IT, and FMCG saw heavy net FII outflows in April 2024

09 May, 2024 |
10:52 AM

Weekly Musings – Big start-up updates for the week to May 03, 2024

The week, startups raised $316 Million led by PharmEasy, Kinara Capital, Portea, Charge Zone, Infinity Fincorp, BRISKPE

09 May, 2024 |
10:50 AM

Leaders & Fund Managers Speak

Arvind Kamath, Chairperson and Whole Time Director, JNK India

Sheetal Agarwal of IIFL caught up with the management of the IPO-bound company to know more about its plans. Edited excerpts.

Abhijit Patil, Co-Founder and COO, AjnaLens

In conversation with Sheetal Agarwal of IIFL, management of the company explains its strengths, growth strategy and listing plans.

Dr. Faruk Patel, Chairman & Director, KP Green Engineering Limited

Sheetal Agarwal of IIFL caught up with management of the company, which is launching India's largest SME IPO. Edited Excerpts:

John Verghese, Chief Financial Officer, Popular Vehicles and Services Limited

Sheetal Agarwal of IIFL in conversation with management of the IPO bound company. Edited Excerpts:

Anil Ghelani, CFA, Head - Passive Investments and Products at DSP Mutual Fund

Sheetal Agarwal of IIFL brings you an insightful conversation about the relevance of ELSS investments today. Edited excerpts:

Invest Right

Dixon Technologies: Gaining from industry consolidation

Pursuant to cut in growth expectations for Q4FY24 (Mgmt guides for QoQ drop in sales), including softness in Mobile EMS, analysts of IIFL Securities cut FY24 EPS by 7%. Ex-Mobile EMS, revenue is lowered by 4/7% and Ebitda by 8/10%, respectively for FY25/26, given analysts of IIFL Securities cautious view on rebound in consumption.

16 Apr, 2024 |
11:47 AM

Phoenix Mills: Revival in consumption encouraging

Trading occupancy for Indore mall was up marginally QoQ. The new Bangalore mall (Mall of Asia) has also witnessed a steady ramp up, albeit will be slower due to higher share of premium/luxury brands.

12 Apr, 2024 |
11:00 AM

Shyam Metalics: Well set to deliver steady growth

In stainless steel, longs capacity at Indore will expand to 220kt by FY26 while Sambalpur would see a new 500kt flats capacity (incl 200kt CR) by FY27.

12 Apr, 2024 |
10:47 AM

BSE: Firing on all cylinders

Its market share improved from 5.5% in Apr’23 to 8.5% in Mar’24. The exit ADTO stands at Rs90-100bn, implying a strong start to FY25. The Star-MF platform remains the preferred platform for MF distributors – FY24 volumes grew by 59% YoY to 421mn.

09 Apr, 2024 |
10:33 AM

JB Chemicals & Pharma: Small in size, but big enough to create a difference

JB targets to double CMO revenue from USD50mn to USD100mn over the next 3-5 years, driven by geographic expansion, on-boarding new clients, and adding new lifecycle products.

08 Apr, 2024 |
11:12 AM

ICICI Lombard General: Centralised strategy to drive expansion

While ILOM witnessed minor market share loss in the Motor segment last year, it has started to recoup the same with high growth in new private car segment. Presence of a multi-channel business model helped them navigate this business cycle. ILOM believes that with the new EoM regulations, industry CoR should improve; benefitting ILOM disproportionately.

05 Apr, 2024 |
11:50 AM

Editor's Choice

Chemicals: Early signs of recovery?

The spike in speciality chemicals exports could be due to deferment of orders to Q4 and seasonality. Specialty chemicals exports in Mar’24 surpassed the trailing 12-month average.

19 Apr, 2024 |
11:40 AM

Telecom: Upgrading Vodafone Idea and Indus Towers

Analysts of IIFL Securities expect Indus to reinstate dividend from FY25 as it again starts generating healthy FCF (dividend payout policy is 100% of FCF). The stock is attractive at 4.5%/7.2% FY25/26 dividend yield.

18 Apr, 2024 |
11:09 AM

Banking & Finance: Pull and push of structural vs. cyclical drivers of deposits

System deposit growth has picked up to 3.5% QoQ/13.5% YoY (12.9% ex. HDFC merger), thereby narrowing the gap vs loan growth to 340bps from 540bps YoY. Based on prequarterly updates, deposit growth is strong at 3-16% QoQ and 7-42% YoY, driving LDR improvement of 25-600 bps across banks. CASA ratio also improved 40-255bps QoQ on seasonality, but is still down 1-10ppt YoY. While some of the seasonal gains will reverse in Q1, with improving cyclical factors analysts of IIFL Securities expect 13-14% system deposit growth in FY25. HDFC, SBI and ICICI rank high on our ‘liability franchise scorecard’, Axis is improving and Kotak is deteriorating

18 Apr, 2024 |
10:32 AM

Insurance: A year of normalization with an eye on regulations

Analysts of IIFL Securities believe FY25 will be a year of normalization in Life as growth should revert to teens while margins would start witnessing stability with an upward bias

16 Apr, 2024 |
11:26 AM

Consumers have adopted Ecommerce differently across different categories; E-commerce share for Mobiles stands at 58% but for large household appliances, it is only 17%. In the latter, consumers prefer to go to a physical store to check out the look and feel of the product, discuss warranty and exchange, get priority on installation and so on. In recent times, there is a bit of reverse migration from e-commerce to brick-and-mortar stores in mobiles as well. Analysts of IIFL Securities believe that brick-and-mortar organised retail would still grow at ~14% even allowing for some share loss to online platforms.