COMPANIES
Strong first indications that the worst is behind them? 5 agro-chemical stocks with upside potential of up to 29%
Some sectors have a company which though may not be called as bellwether but it is good enough to give an indication of what it might be in that sector and that is why its results of that company probably are indicative of what is happening in the sector. Sumitomo chemicals announced its Q1 results and what is interesting is that it gave the following statement in its investor’s presentation. “The favorable market sentiments and stable input costs has been the primary growth driver for our business in Q1FY25. The company has demonstrated strong recovery in the domestic market, leading to our optimism for FY25, considering FY23-24 challenges are largely behind us especially in the domestic market. The price volatility observed last year has stabilized to a great extent. Also, the sentiment among our channel partners and farmers is turning positive. Our outlook remains cautiously optimistic, contingent on rainfall patterns in the coming months of August and September.” Now this is good enough reason to bring them on the watch list and look out for further confirmation from other companies to see if their bad times are over.
Axis Securities initiates coverage on NLC India, sees upside potential of 15%
NLCIL has ambitious capacity expansion plans. It earns a fixed return on equity of 14% on its captive mining segment and 15.5% on its power generation segment. The power plants have long-term PPAs with a regulated two-part tariff structure. This takes care of the recovery of all fixed expenses, including debt obligation.
These largecaps have ‘strong buy’ & ‘buy’ recos and upside potential of more than 25%
While the recent upmove in largecaps has made them cover some of the differential which has developed in the valuations between mid and large stocks, if one looks at the long term average, there is still a scope for mean reversion. But as an investor, even in a bull market, it would be better to stay prepared for a volatile phase. So a part of the incremental exposure should be going to largecap stocks. The reason: there is enough evidence of large caps doing relatively well in the corrective phase of the markets. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". The screener applies different algorithms for all BSE and NSE stocks.
State-run oil marketing cos’ shares can see 16-18% upside: UBS
UBS has increased price targets for BPCL, HPCL, and IOC, forecasting a 16-18% upside. The firm upgraded IOC and HPCL to 'buy' while keeping BPCL at 'buy.' UBS anticipates crude price moderation, boosting integrated margins for Indian state-owned oil marketing companies without any retail fuel price cuts if crude stays above $80 per barrel.
Asian shares fall as slew of rate decisions ahead: Markets wrap
Asian markets started lower as investors reduced their positions ahead of significant upcoming events like central bank decisions and major economic data. Equities in Japan and Australia dropped, with futures in Hong Kong indicating a similar trend. Treasuries had gains, while US stock futures saw a slight decline.
Top Nifty50 stocks analysts suggest buying this week
Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. Simple average of the above-mentioned five component ratings is normally distributed to reach an average score.
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Ultratech Cement among 11 stocks to trade ex-dividend on Tuesday. Last date to buy today
Earlier in the month of April, Ultratech Cement’s board had declared a dividend of Rs 70 per share for all its eligible shareholders.
Market not much enthused by Mankind's BSV buy
After initially cheering the deal, the stock market gave its thumbs-down to Mankind acquiring BSV at the premium valuations of eight times its FY24 revenues and 23 times its estimated ebitda of FY25. The Mankind stock opened 4.5% higher on Friday but closed 3.6% lower. Worries over funding of expensive deal and taking of debt for a debt-free company dragged down the positive sentiment.
Stock Radar: This Rs 4.1 lakh cr m-cap pharma company hits record high in July; time to buy or book profits?
Sun Pharma's stock recently broke out of a consolidation range set since March 2024, hitting a new record high of Rs 1722. Experts recommend short-term traders to buy with a target above Rs 1,900 within 1-2 months as the stock rallied over 50% in three months but entered the oversold zone, signaling potential consolidation.
NTPC board declares August 7 as record date for Rs 3 dividend
Earlier in the month of May, NTPC had announced a dividend for its shareholders along with the declaration of its Q4 results for the financial year 2024.
Dividend stocks: Vedanta, Ultratech among 100 stocks to trade ex-dividend next week. Do you own any?
Out of the lot, 5 are Nifty companies, i.e, Ultratech Cement, Maruti Suzuki, Cipla, Divi’s Laboratories and Hero Motocorp. Other names include companies like Vedanta, Oberoi Realty, Sundaram Finance etc.
Here’s how Digital Public Infrastructure (DPI) reforms will revolutionise stock market
The digitization of agricultural lands under DPI will allow the government to maintain comprehensive and accurate records of farming land across the country.
Are all the headwinds of regulatory and policy cleanup behind them? 5 insurance stocks with upside potential of up to 27%
Close to two decades back, private insurance companies started gaining prominence, there were two issues which got highlighted. First, the vast opportunity for insurance companies to tap into. Second, a voice of concern, about three things, capital, expertise and patience to run an insurance company. If one looks at the situation today, probably both have come true. There have been phases where headwinds took over the positive. Covid brought a lot of awareness about the need, but then also brought in a need for more capital. Then came changes in tax laws, which was another big blow. Given the fact that the overall size of the markets, a number of these problems will get resolved over a period of time. It is probably a sector which long term investors should have on their watchlist because the overall opportunity for the sector is very big.
Indus Towers shares zoom 5% as company plans to consider share buyback
Indus Towers shares buyback proposal: The board meeting will be held on Thursday, July 30, 2024. The company's board of directors will also approve the unaudited financial results for the quarter ended June 30, 2024. If the board approves the buyback, it will be the first time in eight years that the company has conducted one.
Infrastructure push in Eastern India, opportunity for select cement makers: 5 cement stocks with an upside potential of up to 37%
Sometimes, what is considered a weakness by the street turns into an opportunity by just one policy announcement. Take the case of cement companies which are focussed on the eastern part of the country. The special push to the infrastructure sector in the eastern part of the country is likely to help companies which are primarily focussed in that region. Indian cement companies can be divided into two categories, one which are present in a particular region and other which have a pan India presence. Normally it is pan India companies which get better valuation because if there is an issue with sales in one region, it is made up by that of another. Regional focussed companies tend to get less attention, but for some which are focussed in eastern and southern parts, probably there are better times ahead.
Q1 results today: Nestle, Tech Mahindra among 76 companies to announce earnings on Thursday
Companies like Adani Energy, Ashok Leyland, Canara Bank, Chalet Hotels, Cyient, Glenmark Life, Laurus Labs, L&T Foods, Mahindra Holidays, PNB Housing Finance, Venus Pipes, Vivanta Industries among others will also declare their results
Top Nifty50 stocks analysts suggest buying this week
Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. Simple average of the above-mentioned five component ratings is normally distributed to reach an average score.
Budget policy push or not, time to revisit without bias: 5 stocks from housing finance companies with upside potential of up to 36%
There are talks on the Street about the affordable housing sector getting another round of push in the current budget. It is not the first time in the last ten years that it will be happening. It has happened in the past also. But there are some key differences between when it happened earlier and today's situation. The biggest being the fact that a regulatory tightening and a cleanup has taken place in the housing finance sector. The books of HFCs are in a much better condition, right from asset liability standpoint and also in terms of sustainability of growth. Because the memories from the past scams and troubles are still haunting the sector, there is bias against them, but probably it is time to look at them afresh, given the fact that housing is one of the most important sectors of the economy and housing finance companies form an important part of this ecosystem.
Investors to pay tax on buybacks now; promoter plans may be hit
The new budget shifts share buyback taxes to investors, impacting promoters, large shareholders, and exit strategies, particularly in family settlements. Tax rates on accumulated funds often exceed 23%, according to Ketan Dalal. Prime Database noted 48 firms, including tech companies, spent ₹48,079 crore on buybacks in 2023. The buyback tax started in 2013 for unlisted, extended to listed in 2019.
Budget 2024 gives a miss to capital infusion in OMCs. How it impacts BPCL, others?
Shares of Bharat Petroleum Corporation (BPCL) today ended at Rs 306 on the NSE, down by Rs 2.25 or 0.73% over the previous closing price. Meanwhile, Hindustan Petroleum Corporation (HPCL) shares settled at Rs 345 falling by 0.5%. Indian Oil Corporation (IOC) was the top loser falling 1.4% to close the session at Rs 165.85.
Budget 2024: Higher allocation for infra, housing bodes well for cement, construction companies
Government allocates Rs 84,700 crore to PM Awas Yojana, Rs 19,000 crore to Pradhan Mantri Gram Sadak Yojana. Cement makers like Ultratech, Ambuja, Shree, JK to benefit. Rs 26,000 crore for Bihar highways, Rs 15,000 crore Andhra Pradesh package, Rs 24,900 crore for metro projects. 100 cities to receive water supply, sewage, and waste management projects.
Budget 2024: Boost to disposable income augurs well for FMCG companies
The Union Budget 2024 has measures for providing support to poor, women, youth and farmers. There is a provision of Rs 1.5 lakh crore towards education, employment and skilling. These measures augur well for the FMCG companies as they may result in more disposable income.
Budget 2024, Q1 earnings action among 11 factors to impact D-Street mood this week
The short-term trend of Nifty seems to have reversed from all-time highs, Nagaraj Shetti of HDFC Securities said. The formation of candle patterns as per daily and weekly charts indicate the possibility of more weakness in the market ahead, he warned.
Damani's portfolio stock soars 17% as company plans to consider bonus share issue
The shares of Damani’s portfolio stock VST Industries soared 17% to its new all-time high of Rs 4,829.95 after the company announced that it will consider issuing bonus shares in its upcoming board meeting on July 25.
Alpha generators in the long term: 9 mid and small cap stocks from pharma and healthcare sector with an upside potential of up to 29%
While some make it to the headlines, some don't. Two sectors, healthcare and pharma have been witnessing more mergers and acquisitions than any other sector. There is a logical reason why private equity money is flowing in these sectors. Probably these two sectors are the ones with maximum potential to grow over the next decade or so. In the case of pharma, facts are well known, right from skilled manpower to lower manufacturing costs. In the case of healthcare, there are two things: first, medical tourism, second, soft exports of medical services. Not many may know, some of the best known doctors from India fly to CIS and other countries, where the healthcare companies have their OPD. Either the patient is treated there, if possible or else he is referred to India for treatment. While it might sound impossible, given the broken healthcare system which even some of the best developed countries have, in future, Indian healthcare companies taking over global hospitals may also become a reality.
Cement companies likely to post muted performance in Q1 amid sluggish demand
Cement makers have not been able to raise prices in any of the months since November 2023. It has prompted them to focus on volume growth, which is likely to increase the competitive intensity.
HDFC Life shares rise 2% post Q1 results. Should you buy, sell or hold?
HDFC Life Insurance Company reports a strong Q1FY25 with a 15% YoY growth in net profit. Brokerages maintain buy ratings with target prices ranging from Rs 765 to Rs 819. The company faces challenges but remains optimistic about future growth.
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