DALMIA NISUS INVESTMENT MANAGERS
Monsoon is a cyclical headwind, but infra push and M&A are bigger tailwinds for long term investors: 5 cement stocks with upside potential of up to 44%
Cement is a sector which has probably seen maximum mergers and acquisition in the last three years. Right from the second biggest player witnessing a change in ownership, to small players being taken over. With the monsoon coming, there is always a cyclical pressure on cement stocks, with the narrative being that in monsoon construction activity slows down. Even this week it played on the street, with cement stock witnessing a decline. But the question is whether this correction in stock price gives an opportunity to investors to get into a sector which is witnessing a fundamental shift in terms of how the demand curve pans out. Probably the answer is tilted toward yes for at least some players.
A war of titans builds up in India's cement sector
The UltraTech-India Cements deal comes two weeks after Adani Group unit Ambuja Cement announced acquisition of Hyderabad-based Penna Cement at an enterprise value of Rs 10,422 crore, adding to its capacity and market share in southern India.
Nisus Finance invests Rs 155 cr in affordable housing project in Surat
Nisus Finance has invested over Rs 155 crore in a late-stage affordable housing project by Dharmadev Group in Surat, Gujarat. The project is part of a larger layout on a 12-acre land parcel, comprising 4.5 million sq ft. Nisus has invested through its Real Estate Special Opportunities Fund-1 managed by Nisus BCD Advisors LLP.
Realty Co Total Environment has raised Rs 1600 crore from top lenders
Total Environment has paid off approximately ₹2,070 crore of debt raised from top-tier financial institutions, driven by robust residential sales.
Dalmia Bharat begins production at new unit in Tamil Nadu plant
Dalmia Bharat Ltd has started commercial production at its new mill in Ariyalur, Tamil Nadu, expanding its total cement manufacturing capacity to 45.6 MTPA. The strategic brownfield expansion aligns with the goal of reaching 110-130 MT by 2031, focusing on maximising growth prospects and enhancing market position in the South.
Bearing the brunt today, but good for long term: 6 stocks with pedigree from the financial services sector with upside potential of up to 28%
One of the best and probably also the worst part of the presentation of return performance of any stocks or for that matter any asset class is a small change in the date for the calculation and one can show whether the glass is half full or half empty. Probably this is happening with the financial service stocks. In the recent past a number of times they have been shown as under performers. But what is being omitted is the fact that over the long term these are stocks which have delivered very good returns and generated wealth. The reason for their short term underperformance is the fact that these stocks are over owned by FPI and because they are sellers in Indian equities these stocks have been facing pressure. But on a relative basis, the pressure in stock prices is far less as compared to what earlier such selling episodes used to bring. Given the fact that fundamentally these stocks are on strong footing as compared to what they were a few years back, it is better to have a look at them with a long term perspective.
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These midcap stocks with ‘strong buy’ & ‘buy’ recos can rally over 20%, according to analysts
The way mid-cap stocks have performed in the last one week. The biggest question would be whether this is another short term profit booking move or a beginning of a long phase correction and valuation adjustment. The answer would depend on one thing, election results. The policy continuity will lead to continued re-rating of the mid-cap segment as operationally the working of mid-cap companies have seen maximum improvement in terms of cost of capital which is the biggest factor for a mid cap companies. During this phase, analysts are bullish on select stocks from different sectors, some of which are either the leaders of their sector or part of the top three companies which are known to be well managed. 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". This predefined screener is only available to ET Prime users.
These largecaps have ‘strong buy’ & ‘buy’ recos and upside potential of more than 20%
Just because the nifty has been trading in the red for the last few trading sessions, the word correction might be heard on the street. but the fact is that for the last many weeks, there has been a correction which has been taking place on the street. It is a sectoral correction which is taking place. The good part is that such kind of sectoral corrections are indicative of underlying bullishness and these corrections are part of any bull run. Though for all this will hold true only with a condition of policy continuity after elections. The only thing any investor needs to make sure is that in any corrective phase, bias when making fresh investment should be toward large cap stocks as there is a possibility that they would see less damage in corrections which are stronger in nature due to global or macro developments. 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.
These largecaps have ‘strong buy’ & ‘buy’ recos and upside potential of more than 20%
There are clear indications that some amount of volatility will be back on the street. First phase of the volatility is normally led by large cap stocks, and even today large caps from different sectors are witnessing pressure. But the other fact is that recovery in the market is also largely led by the large cap and they stabilized much before other segment of the market. The pattern of the sectoral correction is visible. Yesterday, it was banking which led the correction. Today it is metal stock which is leading the correction as the bank stabilizes. 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.
These largecaps have ‘strong buy’ & ‘buy’ recos and upside potential of more than 20%
While it might be a bit early to say, but the way things have panned in the last three trading sessions, it is clear that bulls are not in any mood to leave the street anytime they have been able to handle global headwinds very well. At the same time the risk of bears roam in the mid-cap segment. How long they will be able to roam if broader market indices are doing well is something which is still to be seen. But one thing is for sure as corrections and consolidation are part of every bull market we will continue to see them at regular levels and if they are led by global events, while time wise they might be short but in term of magnitude they might be strong. 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.
SWAMIH, Nisus Finance invest Rs 465 crore in two housing projects
Nisus and SWAMIH Fund invested in Aliens Developers' projects, with Nisus focusing on structured capital. The SWAMIH Fund initiative, introduced by Nirmala Sitharaman, aims to address stalled housing projects.
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 46%
After a sharp rebound, while nifty is trading in green territory, if one looks at the overall market breadth. There are more declines than advances and that is largely due to market breadth in the mid-cap segment. This is indicative of profit booking happening at the broader market level. At this point of time, one cannot rule out more profit booking which can bring more damage to stock prices in the mid-cap segment. In such times, if one is taking fresh exposure to equity, ensure that there is some level of quality as far as the business and fundamentals are concerned. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
Nisus BCD Fund invests over Rs 105 cr in Shapoorji Pallonji Real Estate subsidiary
The investment has been made towards a land parcel of 12.16 acres in Manjari-Budruk locality of Pune. This funding is aimed at helping the Shapoorji Pallonji Real Estate Group in accelerating its assets in Pune within the mid-income affordable housing space.
Hot Stocks: Brokerage firms on HDFC Bank, Dalmia Bharat, SBI Life and IOC
Macquarie maintained outperform rating on HDFC Bank with target price of Rs 2075. The bank is consolidating, focusing on NIMs. Deposit growth must exceed loan growth by 400bps over next 3 years for pre-merger NIMs. CLSA raised target price for SBI Life to Rs 1730, it has limited impact of surrender value regulations. SBI's wide presence gives it an advantage. CLSA upgraded Dalmia Bharat to buy with target price of Rs 2700. Q3 Ebitda in line with estimates. Nomura maintained neutral rating on IOC with target price of Rs 105, Q3 results above estimates.
Nisus-BCD Fund invests Rs 60 crore in Project High Cliff
Nisus Finance, a real estate credit fund, has infused Rs 60 crore into High Cliff, a late-stage residential development located in Bellandur, Bengaluru. The funds, provided through listed non-convertible debentures, will be directed towards refinancing existing debt and ensuring the timely completion of Project High Cliff. This upscale venture spans 1.4 acres of land and boasts a saleable area of approximately 2.4 lakh sqft.
Is Dalmia Bharat a good buy? Know why analysts are bullish on this cement stock
Dalmia Bharat is India’s fourth largest cement player, with a manufacturing capacity of 43.7 million tonne (end of September quarter). It has consistently made substantial investments to increase production capabilities and broaden its presence across various regions. Most analysts are confident about the growth prospects of the company due to multiple reasons.
India Sotheby's International Realty appoints Saket Dalmia as president
Saket Dalmia, former president of PHD Chambers of Commerce has invested in the company and has joined the board as president. With his experience at PHD Chambers of Commerce, spearheading several initiatives such as Young Business
Stocks in news: SBI, Dalmia Bharat, Bank of India, Airtel, Infosys
Venture Capital Fund Fireside Venture Investments has sold partial stake in Mamaearth parent Honasa Consumer through bulk deals on Tuesday.
Buy Dalmia Bharat, target price Rs 2560: HDFC Securities
Dalmia Bharat Ltd. key Products/Revenue Segments include Income From Management Services for the year ending 31-Mar-2023.
Hot Stocks: Brokerages view on HDFC Bank, Deepak Nitrite, Federal Bank and Dalmia Bharat
Jefferies maintained a buy rating on HDFC Bank with a target price of Rs 2030. Higher liquidity buffers drag margins, but it will improve from Q4 onwards.
Dalmia Nisus Finance exits from Puranik Builders’ two projects in Thane
Dalmia Nisus Finance Investment Managers has exited its investment of INR 125 crore in two residential projects of Puranik Builders. The investment was made through its Real Estate Credit Opportunities Fund-I and the exit was achieved within nine months, with a return of over 25% IRR.
Nisus Finance, Phoenix ARC invest nearly Rs 100 cr in Ahmedabad commercial project
Nisus Finance Group and Phoenix ARC have invested approximately Rs 100 crore in a commercial project called Swaminarayan Business Park in Ahmedabad. The investment will allow them to take over the project and exit the loans of the previous lender, DHFL. Nisus Finance invested through its Real Estate Special Opportunities Fund -1, while Phoenix ARC is the asset reconstruction arm of Kotak Mahindra Group. This joint investment marks the first collaboration between Nisus BCD and Phoenix ARC. The project is nearly 80% complete and has already been leased to prominent brands.
Bank RoA at peak, need investment in tech, talent says McKinsey
Slower deposit growth, likely decline in fee income, rising operational expenses and increasing number of so called credit tested customers is likely to impact bank profitability in the next couple of years, consultancy firm McKinsey & Co said. It expects banks' return on asset (RoA) to drop to 0.80% to 1% range in the next two years from 1.1% at the end of fiscal 2023.
Dalmia Nisus Finance invests in Treasure Group’s Indore project
Real estate developer Treasure Group has received a Rs 25 crore ($3.3m) investment for a project called Treasure Hills in India, from alternative asset manager Dalmia Nisus Finance Investment Managers. Treasure Hills is being developed on 20 acres in Madhya Pradesh's Indore, and has a total sale potential of 4 lakh sq ft.
Dalmia Nisus Finance invests over Rs 125 cr in Puranik Builders’ two projects
Nisus Finance Group manages several alternative investment funds (AIF) funds including RECOF-I, an AIF Category–II fund, a real estate-focussed fund that seeks to achieve superior, consistent and risk-adjusted returns by making opportunistic medium-term structured investments in mid-income, affordable housing and plotted development projects.
Nisus Finance invests over Rs 60 crore in EON Group's residential project in Mumbai's Prabhadevi
The project EON ONE spread over more than three-quarters of an acre near Siddhivinayak Temple involves redevelopment of an old housing society with rehabilitation of its existing 27 members.
Dalmia Nisus Finance invests Rs 60 crore in two projects of Shriram Properties
These investments have been made from the Rs 500-crore fund that primarily invests into structured credit and mezzanine investments across the residential space in India.
Nisus Finance invests in society self-redevelopment project in Mumbai’s Ghatkopar
With this Nisus Finance & Investment has forayed into society self-redevelopment projects in the country’s commercial capital. Nisus Finance has invested Rs 25 crore in Vishwasangam, an affordable society self-redevelopment project, which is a joint development by two neighbouring societies in the Pestom Sagar location of Ghatkopar.
Dalmia Nisus Finance Investment Managers LLP successfully exits from project of Puravankara Limited
The Fund had invested in October 2020 and the exit comes at a time when many large NBFC’s and Banks are finding it difficult to exit from their loans to the real estate sector. The entire amount was repaid post Puravankara Ltd sold 100% of its stake in the subsidiary companies to a third party, as per their Exchange filing in Oct 2021.
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