CENTRUM
Hold on to M&M; wait for the split in Tata Motors: Nischal Maheshwari
Cement sector consolidation will help in creating efficiency and sustainability. Stable prices despite inflation as the industry transitions to green cement. Key players are expanding capacity for future market dominance, focusing on EBITDA growth and improved financial performance. In auto, M&M in your portfolio, hold on, there is no hurry to take away profits from there, but Tata Motors should be looked at, says Nischal Maheshwari
Be cautious in power stocks; take some money off PSU banks: Nischal Maheshwari
There has been over-exuberance in the power sector. Whether it is the equipment, the supplying company, whether it is the generation guys, all have done well in the last year. So, Centrum Broking's Nischal Maheshwari recommends caution on the whole sector per se and says one should be very stock-specific.
Unity Small Finance Bank inks pact to acquire office space worth Rs 393 crore
The developer of the Santacruz project received a letter of intimation (LOI) and approval from the Slum Rehabilitation Authority for the project in August 2023. It has also acquired additional land adjacent to the existing plot and is expected to apply for an amended LOI and approvals to include the additional land too.
Turnaround stocks: 10 companies that returned to profit in Q4
According to Ace Equity data, Piramal Pharma, Inox Wind Energy, BHEL, Sunteck Realty, Tejas Networks, and others turned profitable in Q4FY24
18 companies turned profitable in Q4 after 3 straight quarterly losses. Worth buying?
18 companies including BHEL, Centrum Capital, Inox Wind, Piramal Pharma, SAMHI Hotels, and Sterling and Wilson turned profitable in Q4 after consecutive losses. Sagar Cements reported a profit of Rs 11.59 crore. Inox Wind Energy recorded a profit of Rs 38.8 crore. Analysts expect India Inc earnings to grow by 12% for FY25.
PNC Infratech likely to improve performance on order strength
The company's financial performance in the March 2024 quarter was lower than the Street's estimates. The company's standalone revenue increased by 10.8% year-on-year to Rs 2,342 crore.
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India VIX may rise to 30 in run-up to election outcome on June 4. Should you worry?
India VIX may hit 30 mark before General Election outcome on June 4, experts predict. Recent surge in volatility attributed to election uncertainties. Market expected to remain volatile, with VIX likely to retreat post-election. Investors advised caution amidst heightened volatility.
PMS Tracker: HNI investors earn up to 20% returns in April. Check top funds
Saurabh Mukherjea-run Marcellus' smallcap fund Little Champs bounced back and earned a return of more than 10%, while Sunil Singhania's Abakkus-run Emerging Opportunities fund reported a 9.57% gain and Samir Arora's Helios India Rising fund saw a 5.51% gain.
This banking stock gave 22% returns last year; is Equitas Small Finance Bank stock a good buy now?
Equitas Small Finance Bank’s 2022-23 annual report expects a Rs.22 lakh crore market for small business lending, backed by residential property. A recent Centrum Broking report states that the company is poised to double its AUM within the next three years, supported by its improving deposit franchise and distinct client segments. Its comfortable valuations at 1.4 times based on 2025-26 P/ABV (price to adjusted book value) presents an appealing opportunity for entry, adds the Centrum report. Should you invest in Equitas Small Finance Bank now?
Expect IT, banking, and FMCG to do well in coming quarters: Nischal Maheshwari
Nischal Maheshwari discusses the positive outlook for private banks and key sectors like IT, banking, and FMCG. He also comments on Bharat Forge's success in defense investments and praises Hero MotoCorp's position in rural recovery and EV markets. Maheshwari also says that Hero is the best place to play the rural recovery game.
Unity Small Finance Bank Q4 Results: PAT at Rs 143 crore; NII rises 55% YoY
The bank, promoted by Centrum Financial Services, said its net interest margin was at 10.8%. Its operating profit soared nearly four-fold at Rs 147 crore against Rs 37 crore in the year-ago quarter.
Good time to take some money off the table: Nischal Maheshwari
It is a good time actually to take away some money from the table. So, if you really look at what can go right for India then everything is right now there and it is sort of priced in, even for the election side market is discounting 375 to 400 number for NDA, so that is the best they will be able to achieve and if it happens also, I do not think the market is going to go up.
Ex-Reliance Industries CFO joins Modulus as equity partner
He will enter with 17.3% equity stake, which is set to increase over a period of time. Modulus is raising its second fund, targeting growth in the Indian private credit market, projected to be a $100-billion opportunity.
Nischal Maheshwari on next triggers for the market; 2 bank stocks to bet on
Nischal Maheshwari of Centrum Broking highlights market triggers like monsoon and the earnings season. Top picks include HDFC Bank and RBL in the private sector. Paytm's unclear revenue model makes it best avoided at the current prices. The metal sector is facing challenges with rising costs as well as stagnant prices.
Centrum's fund modulus ropes in SBI veterans to drive growth
Raghavendra Rao, a former deputy managing director at the bank, Narayanan Sadanandan, a former CEO of SBI Pension Funds, and Anoop Krishna, former chief general manager of the corporate group at SBI, will join the private credit fund.
Two-wheeler segment to continue to do well; Hero Honda, Bajaj Auto, TVS among top picks: Nischal Maheshwari
Nischal Maheshwari discusses the positive outlook for the two-wheeler space recovery. This is the last to recover and we are seeing the recovery continuing out there and as the rural recovery happens and that has been one elusive part, as and when it happens, the two-wheeler space will continue to do well. Top picks include Hero Honda, Bajaj Auto, TVS, and Eicher due to favorable valuations.
Popular Vehicles and Services shares list at 2% discount to IPO price
Popular Vehicles IPO debuted with discounts on NSE and BSE. The company's revenue segments include passenger, commercial vehicles, and electric vehicles. It closed on March 14 with a P/E of 28.9x based on FY23 earnings.
Popular Vehicles & Services IPO to list on Tuesday. What does GMP signal?
Considering the upper price band of Rs 295, the stock is expected to see a flat or even a discounted listing, keeping in trend with the last few debuts, which were muted.
Popular Vehicles and Services IPO allotment: Here's how you can check status
Popular Vehicles and Services is close to finalizing share allotment after a 1.23 booking issue. Investors can check status on BSE or registrar website. IPO fully subscribed with a flat debut. Strong FY23 performance with no GMP.
Popular Vehicles and Services IPO fully subscribed on final day: Check subscription, GMP and other details
About 50% of the offer is reserved for qualified institutional buyers, 35% for retail investors and 15% for non-institutional investors.
Popular Vehicles and Services IPO: Check subscription on Day 2, GMP and other details
The retail portion of the offer was booked 77%, followed by NIIs at 20%. The category reserved for institutional investors is still blank.
JG Chemicals debuts with 5% discount to IPO price
JG Chemicals shares debut at a 5.4% discount, listing at Rs 209 (NSE) and Rs 211 (BSE). It received an overall subscription of nearly 28 times. The net proceeds will be used towards investment in its material subsidiary, debt repayment, capex, working capital, and general corporate purposes.
Popular Vehicles and Services IPO: Check subscription on Day 1, GMP and other details
The initial public offer (IPO) of Popular Vehicles was subscribed 18% so far on Tuesday, the first day of the bidding process. The issue received bids for 25 lakh shares as against 1.44 crore shares on offer.
Popular Vehicles IPO opens for subscription. Should you bid for Rs 602-crore offer?
The Popular Vehicles IPO opens today after raising Rs 180 crore from anchor investors on Monday. The IPO is made through the book building process, with allocations for qualified institutional buyers, retail investors, and non-institutional investors. The company saw revenue growth and profit after tax (PAT). ICICI Securities, Nuwama Wealth, and Centrum Capital are the book-running lead managers.
Like Shriram Finance among NBFCs; expect 10% upside in Triveni Turbine: Nischal Maheshwari
Nischal Maheshwari expresses concerns about frothiness in the market and points out that many funds are not accepting small checks and SIPs less than Rs 25,000 in smallcap and midcap funds. Frothiness in the midcap and smallcap stocks is driven by more money. The government's support for the manufacturing sector presents opportunities for investors.
Popular Vehicles and Services IPO opens tomorrow. 10 things to know before subscribing to the issue
Popular Vehicles & Services IPO aims to raise around Rs 602 crore. The company, with diversified automobile dealerships, caters to the complete vehicle ownership life cycle and had a strong financial performance in FY23.
JG Chemicals IPO allotment: Check status, GMP, other details
JG Chemicals' IPO allotment status can be checked on the NSE website or Kfin Technologies' page. The IPO was subscribed 28 times and is valued at an EV/EBITDA of 12.3x. Refunds and transfers are expected on March 12, with listing on March 13. The company is India's largest zinc oxide manufacturer with a market share of 30%.
JG Chemicals IPO subscribed 27 times over 3-day period. Check GMP and other details
JG Chemicals IPO GMP: The issue received over 22.69 crore consolidated share bids against 8,168,714 shares available for subscription. The retail portion of the issue was subscribed 17.43 times while the non-institutional category (NII) category was subscribed 46.32 times.
IT services a dark horse play; 3 themes that will work out for next 3-5 years: Manish Jain
IT services, pharma, auto, renewables, infra, manufacturing, NBFCs, banks, city gas distribution stocks, conventional power companies, and pharma sector are expected to perform well in the coming years. Manish Jain says a little bit of a pullback, a little bit of a healthy correction will give people an entry opportunity into some of these stocks
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