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Web www.equitybulls.com Research Recovery in domestic cotton yarn demand to be gradual in FY2025: ICRA CRISIL Ratings: Jute makers to see margins drop for the second straight fiscal Kotak Institutional Equities: Metals & Mining: Steel prices under downward pressure Securitisation volumes estimated at about Rs. 45,000 crore for Q1 FY2025: ICRA CRISIL Ratings: Small and medium REITs to broaden realty investor base Axis Securities' Monthly Auto Volume Update - July 2024 Kotak Institutional Equities: Diversified financials: AMCs & RTAs - In beta mode Kotak Institutional Equities: Automobiles & Components: Weak retail trends across segments More financial power to women: A study by Axis Mutual Fund reveals a remarkable increase in women investor base with ~72% taking investment decisions independently Kotak Institutional Equities: Crop & Chemical Dashboard: China output growth is a worry Kotak Institutional Equities: Strategy: Promoters selling, retail (through MFs) buying Kotak Institutional Equities: Strategy: Foreign fund-flow tracker, June 2024 Kotak Institutional Equities: Banks: Hanging on to the good numbers, for now | RBI FSR report Kotak Institutional Equities: Telecom: R-Jio takes the lead with ~20% tariff hikes Kotak Institutional Equities: IT Services: IT preview-moderate improvements CRISIL MI&A: Offshore wind energy reaps viability gap funding tailwind Repco Home Finance | 'On firm footing towards growth' | Maintain BUY - Share India Securities Cosmo First Limited | Packing a Punch: All Set To Get Its Mojo Back - Share India Securities Kotak Institutional Equities - Strategy: Elections 2024: Any change in economic agenda? India Strategy - Political risk perception on the rise - Report by InCred Equities DOMS Industries Ltd - Evolving from stationery to kids-centric products - Share India Securities Ltd Kotak Institutional Equities - Economy: Trade deficit widens to a seven-month high Adani Ports & Special Economic Zone Ltd - Reasonable listed group leverage; steep valuation - REDUCE - Downgrade - Report by InCred Equities Kotak Institutional Equities - Banks: Jharkhand farm loan waiver: No concerns for microfinance Banks - Consolidation phase to continue - Report from InCred Equities Kotak Institutional Equities - Strategy: On frogs, pigs, vultures (and apes) India Strategy - Money, Military and Markets-III - Report from InCred Equities CRISIL Ratings: Steady demand to power up revenue of battery makers by 10-11% Elevated gold prices to restrain jewellery consumption growth to 6-8% in FY2025: ICRA Elara Securities India - Diet Report - Ambuja Cements - Cash deployment starts Kotak Institutional Equities - Consumer Staples: Month in review: May 2024 Elara Securities India - Banking & Financials - Retail loans to MFI borrower a risky affair - Sector Update Kotak institutional Equities - Real Estate: Hitting the Billion Mark CRISIL Ratings: Tide turns for ship recyclers, revenue seen rising ~15% this fiscal Elara Securities India - Diet Report - Media & Entertainment - Wait turns longer for occupancy revival Elara Securities India - Economics - India: CPI inflation continues to ease Kotak Institutional Equities - ESG, Global carbon pricing trends 2023: Needs more ambition Kotak Institutional Equities - Economy: Inflation remains steady in May Kotak Institutional Equities - Strategy: NTPC and PWGR are neither growth nor value stocks Elara Securities India: Automobiles - Tata Motors - Aggressive PV market share target - Company Update - Accumulate - TP: INR 1,100 - Upside: 11% Finance Companies - Gold lending in the spotlight - Report by InCred Equities CRISIL Ratings: Revenues of shrimp exporters to grow 8-10% as demand improves Elara Securities India: Utilities & Renewables - Peak demand ascends to record highs - Monthly Update Tata Motors - Analyst meet highlights - REDUCE - Maintained - Report by InCred Equities Kotak Institutional Equities - Pharmaceuticals: IPM pulse - gaining momentum Elara Securities India - Metals & Mining - Input cost inches up - Monthly Update CRISIL Ratings: Paints sector to double production capacity by fiscal 2027 Elara Securities India-Economics - India: Smooth sailing into H2CY24 Kotak Institutional Equities - Insurance, NoP drives APE growth for private players Financial Services - AMCs - Election month propels equity fund inflow - Report by InCred Equities Kotak Institutional Equities - Strategy: Fight, flee or join a stampede? Elara Securities India - Utilities - PTC India - Trading volumes up by 10% in Q4 - Q4FY24 Update - Reduce - TP INR 207 - Upside: 1% Kotak Institutional Equities - Economy: Coalition journey: Long travails ahead Kotak Institutional Equities - IT Services: CTSH-big bet in core engineering services Elara Securities India - Initiating Coverage - Infrastructure - Hindustan Construction - Phoenix Rises - Buy - TP INR 63 - Upside: 65% Elara Securities India - Real Estate - Oberoi Realty - Low-risk compounder - Company Update - Buy - TP: INR 2,350 - Upside: 24% Elara Securities India - Diet Report - Aviation - INDIGO: lagging fleet growth vs rivals Elara Securities India - The IT Inflexion Point - Market Internals with Biju Samuel - Quantitative & Alternate Strategy Elara Securities India - Economics - RBI Policy: Nascent rate cut discussions Elara Securities India-Diet Report - Internet - JioMart to enter qCommerce - execution is key Elara Securities India-India Strategy - Exit Polls: Doubt over long term sustainable rally FY2025 domestic steel consumption growth revised upwards to 9-10%: ICRA Elara Securities India-Strategy - Q4FY24 Review - Ending FY24 on good note Elara Securities India-Banking & Financials - Services lifts growth; unsecured growth softens - Sector Update Elara Securities India-Healthcare - Apollo Hospitals Enterprise - New beds impacting margin - Q4FY24 Update/Rating Change - Accumulate - TP INR 6,183 - Upside: 6% Elara Securities India-Economics - India GDP: Upside surprise continues Elara Securities India-Banking & Financials - Rules-based credit model shows vulnerability - Sector Update Elara Securities India-Oil & Gas - Gujarat Gas - Play on LNG surplus, rise in propane prices - Company Update - Buy - TP INR 745 - Upside: 35% Elara Securities India-FMCG - Mrs Bectors Food Specialities - New capacity and innovation, key drivers - Q4FY24 Update/Rating change - Accumulate - TP INR 1,414 - Upside: 12% Kotak Institutional Equities - Diversified Financials: Regulating retail F&O: Global learnings and potential options Kotak Institutional Equities - Automobiles & Components: 4QFY24 review - Sustaining momentum Strategy: Exit polls 2024: No Drama by Kotak Institutional Equities Elara Securities India - Global Liquidity Tracker: Inflows into India Dedicated Largecap funds continued ahead of Election results. China flows again turn weak Elara Securities India-Banking & Financials - Attention - Still a lot on RBI's radar - Sector Update Indo Count Industries- Bumpy Quarter; Smooth Road Ahead - Share India Securities Elara Securities India-Auto Ancillaries - Amara Raja Energy & Mobility - All eyes on tech partner for Li-ion cells - Q4FY24 Update/Target price change - Accumulate - TP INR 1,341 - Upside: 13% Flair Writing Industries Ltd - Steady margins in competitive industry - Share India Securities Elara Securities India- Real Estate - Brigade Enterprises - Strengthening presence in South India - Q4FY24 Update - Accumulate - TP INR 1,350 - Upside: 10% Kotak Institutional Equities - Strategy: Rightfully optimistic, mistakenly euphoric Kotak: Insurance - Surrendering to uncertainty Kotak Institutional Equities: - Economy: Lower provisions aid RBI's higher surplus transfer Non-Metro banking customers prioritize insurance and transparency while metro customers favour lifestyle perks: Ujjivan SFB Study CRISIL Ratings: Revenue of diversified EPC companies to grow 12-14% this fiscal DOMS Industries Ltd - Scripting a winning strategy - Share India Securities StoxBox: BUY Rating for Sunteck Realty with a Target Price of Rs. 516 Health segment drives robust growth for insurance sector in FY2024; financial performance strong despite impact of natural catastrophic events - ICRA VA Tech Wabag Ltd - Order bid pipeline provides strong inflow visibility | Maintain BUY - Share India Securities One Point One Solutions Ltd - A Strategic play in the Indian BPM Landscape | BUY CRISIL Ratings: For fleet operators, revenue growth to double to 9-11% this fiscal NHAI's targeted asset monetisation could fetch up to Rs. 60,000 crore in FY2025: ICRA Kotak Institutional Equities - Economy: RBI's bonanza to the central government CRISIL Ratings: Revenue of organised gold jewellers to rise 17-19% this fiscal Ventura initiates coverage on Responsive Industries, sees upside scope of 45% sets a price target of Rs 436 GDP growth to dip to a four-quarter low of 6.7% in Q4 FY2024 from 8.4% in Q3: ICRA ICRA: Record high number of resolution plans approved under IBC in FY2024 India Inc revenue growth likely moderated to 4-6% in March quarter - CRISIL Market Intelligence and Analytics Construction sector entities' revenues to grow by 12-15% in FY2025; margins to expand by 25-50 bps: ICRA MakeMyTrip Report Reveals Where, How, When and With Whom India Travels ICRA revises banking sector outlook to Stable from Positive Massive shift in career aspirations as 8 out of 10 professionals eye new career paths this appraisal season, reports apna.co ICRA: Annual securitisation volumes estimated at Rs. 1.88 lakh crore for FY2024 46% of women opted for used cars in March 2024 in the country: Spinny Reports Addressing data privacy, security and ethical challenges is essential for the responsible adoption of GenAI in healthcare: PwC India report Retail pools continue to display stable performance across various asset classes: ICRA ICRA predicts small finance banks will raise over Rs 10,000 crore in FY 2024, up from Rs 6,400 crore in FY2023 CRISIL Ratings: Complex fertilisers volume to grow 4-5% next fiscal Issuances of securitised debt instruments (SDI) by corporate entities to rise to Rs 100 crore in FY2024: ICRA Godrej Interio's 'HomeScapes' Study reveals Indians want ‘Me-Time’ at home GDP growth to moderate to 6.0% in Q3 FY2024, led by agriculture and industry: ICRA Indian stock exchanges rank first in the world in terms of the number of IPOs in 2023 CRISIL Ratings: After soaring this fiscal, airlines to land >20% operating profit growth next fiscal Rising frauds propel demand for AI/ML strategies: Experian Study Cement makers to add 150-160 MTPA capacity by fiscal 2028 - CRISIL Investor exuberance propelling broking industry performance, MTF achieves a new high: ICRA CRISIL Ratings: Securitisation volume up ~20% in first nine months of this fiscal India is fastest growing large economy globally in CY2023-CY 2024 - Pantomath Report CRISIL Ratings: Market share of gold-loan NBFCs steady despite bank competition CRISIL Ratings: Vehicle loan AUM to vroom past Rs 8 lakh crore next fiscal 45% of Newbie traders claim that 'not knowing enough' is the primary reason for losses incurred in Futures & Options trading - Sharekhan's survey reveals CRISIL Ratings: Agri pump makers to see 7-9% revenue growth next fiscal Indian mutual fund industry likely to sustain its strong inflows in 2024: ICRA Analytics CRISIL Ratings: Operating profit of offshore rig operators to swell 30% next fiscal CRISIL Ratings: Organised F&G retailer revenue to grow in mid-teens next fiscal CRISIL Ratings: Shippers see a further revenue dip of 5-7% next fiscal as charter rates course correct 82% of professionals are concerned about job redundancy due to emerging technologies: Hero Vired Report UPI transactions witnesses 118% rise at retail stores in 2023: PayNearby Report Happy Forgings Limited - IPO - A trusted supplier for several Indian and Global OEMs - Reliance Securities CRISIL Ratings: Penetration of electric buses set to double next fiscal India's refined copper consumption to grow by 11% in FY2024, despite global headwinds: ICRA CRISIL Market Intelligence and Analytics - Curb on cane juice for ethanol - Sugar output lift Stable Repo Rates to Keep the Momentum Going for the Housing Market - Anuj Puri, Chairman - ANAROCK Group Payback period for investment in sustainable warehouses come down to three years in India: A JLL - IndoSpace report CRISIL Ratings - Profit margins of cotton yarn spinners to plunge 250-350 bps to decadal lows of 7-8% this fiscal Government, PSUs, and Defence sector experience 14% upsurge in hiring: foundit Insights Tracker CRISIL Ratings: Spirits high for organised liquor makers, revenues seen up 13% Corporate bond market to more than double by fiscal 2030 - CRISIL Gas Utilities : Gas consumption at record highs, growth now to trickle - Kotak Institutional Equities Emkay and Geojit increase target prices of LIC, expect over 20% upside CRISIL Ratings: Mall area to rise by 35% over the medium term on retail surge Crop & Chemical Dashboard: Bottom is near, recovery unclear - Kotak Institutional Equities Loan sell-downs of personal loan pools may see a temporary pause following the RBI's decision to increase risk weights: ICRA India Surges Ahead in 5G Deployment, Paving the Way for a High-Tech Future! CRISIL Ratings: Construction equipment revenue to grow 14-15% this fiscal India to contribute 22% to the Global ER&D sourcing market by FY30: BCG-nasscom Report CRISIL Ratings: In a decadal first, revenue of agrochemicals makers to slip ~3% on tepid demand this fiscal CRISIL Ratings: Flexible packaging industry stares at decadal low profitability as oversupply stings CRISIL Ratings: Domestic demand, softer cotton prices to sustain RMG growth CRISIL Ratings: Higher workplace occupancy to light up cigarette volume 7-9% CRISIL Ratings: Apparel retailers to grow 7-8% this fiscal via expansion, festival spur CRISIL Ratings: For tea companies, ~8% revenue degrowth brewing this fiscal CRISIL Ratings: Revenue of paper makers to crumple 8-10% this fiscal ICRA expects banking sector to stay resilient, outlook remains Positive CRISIL MI&A: Red-hot domestic demand to stave off steel price melt this fiscal CRISIL Ratings: Replacement demand to drive tyre volume up 6-8% this fiscal CRISIL Ratings: Home textiles makers to weave revenue, profitability rebound this fiscal Capital outlay on roads, renewables seen rising ~35% in this and next fiscals to Rs ~13 lakh cr, backed by strong execution pace Softening demand to moderate Indian IT services industry growth to 3-5% in FY2024: ICRA CRISIL Ratings: Telcos may dial up Ebitda 15-17% to Rs 1.2 lakh crore this fiscal CRISIL Ratings: Social welfare spend of states to hit a decadal high this fiscal CRISIL Ratings: Footwear sector revenue to tread ~11% higher this fiscal CRISIL Ratings: Robust demand to whip up dairy industry revenue 14-16% Indian hospital industry's operating profit margin will remain healthy at over 22% in FY2024: ICRA Weak overseas demand to snip 5-6% off jute revenue this fiscal - CRISIL ICRA expects the telecom services industry to report moderate revenue growth of around 7-9% in FY2024 amid high capex spends CRISIL - Viscose staple yarn makers set for 10-12% revenue growth this fiscal Sugar mills seen unscathed despite pricier cane, lower exports - CRISIL CRISIL Ratings: Specialty chemicals on domestic drive, revenue seen growing 6-7% CRISIL Ratings: Higher ad spends to lift revenue 13-15% for print media this fiscal Paytm: Top brokerages, such as ICICI Securities, Axis, Dolat lift Paytm's target price to Rs. 1250 CRISIL Ratings: Securitisation volume surges 60% to first-quarter peak CRISIL Ratings: FMCG sector to witness 7-9% rise in revenue this fiscal CRISIL MI&A and ATMA: Tyre industry on a roll, driving towards doubling in size CRISIL Ratings: Slowing US, EU to chip 6-8% away from handicraft sales this fiscal CRISIL MI&A: One out of five MSMEs to see stretch in working capital days Yes Securities Identifies Rural India as Key Driver of Economic Recovery in Latest Report CRISIL Ratings: Revenue of automotive component makers to grow 10-12% this fiscal CRISIL: Residential real estate sales to grow 8-10% this fiscal CRISIL MI&A: Cement prices to dip 1-3% this fiscal despite healthy demand CRISIL Ratings: Aircraft MRO services revenue could leap 3x in 5 fiscals Demand pressures to moderate revenue growth of Indian fashion retail entities to 10% in FY2024: ICRA CRISIL Ratings: Revenue of organised gold jewellers to rise 16-18% this fiscal CRISIL Ratings: Revenue of top 18 states to grow at 6-8% this fiscal Automobile Sector - Monthly Quick View - May'23 - Steady YoY and MoM Growth on Low Base; UVs are Clear Winner... CRISIL Ratings: New guidelines lend much-needed clarity to FLDG usage MSP for kharif crops - Views of Pushan Sharma, Director - Research, CRISIL Market Intelligence and Analytics PMI Services logs a record high, Employment scenario, however, remains a concern Road construction to witness 16-21% jump in FY2024, ahead of General Elections: ICRA Sustained demand momentum to drive double-digit revenue growth for the Indian hotel industry in FY2024: ICRA HCL Technologies Ltd - Q4FY23 Result First Cut - A marginal miss on major parameters, though PAT beats expectations Indian quick-service restaurant industry to witness strong growth in near to medium term with expected ramp-up in store additions: ICRA HDFC Securities Institutional Research Desk: Report on Infosys - On the back foot Infosys Ltd. Q4FY23 Result First Cut - A miss on all fronts Healthy credit growth of NBFCs and HFCs led to highest post-pandemic quarterly securitisation volumes in Q4 FY23, estimated at ~Rs 61,000 crore: ICRA Impact of Monsoon forecast on Markets - Reliance Securities HDFC Securities Institutional Research Desk: Report on Kolte Patil Developers - Premiumisation to drive the next leg of growth Operating margin of domestic base metal entities to remain range-bound at 19-20% in FY2024: ICRA HDFC Securities Institutional Research Desk: Report on QSR Thematic - QSR: Fishing time? HDFC Securities Institutional Research Desk: Report on BFSI - The changing contours of debt financing HDFC Securities Institutional Research Desk: Report on Hitachi Energy - Building on electrification Domestic steel demand to grow at 7-8% in FY2024 supporting industry capacity utilisation at 80%: ICRA Website Created & Maintained by : Chennai Scripts West Mambalam, Chennai - 600 033, Tamil Nadu, India disclaimer copyright © 2005 - 2020