EXIDE AMARA RAJA
Hot Stocks: Brokerages on Amara Raja, United Spirits, Dixon Technologies, and Grasim
Morgan Stanley maintained an underweight rating on Amara Raja with a target price of Rs 967. MS thinks that the company now matches Exide on capability but needs to catch up on customer wins and in the ramp-up timeline.
Exide has surged 80% but still not overvalued? Sudip Bandyopadhyay explains why
Transition from IC to electric vehicle is giving a significant opportunity to the battery manufacturers. And remember, in IC, the battery used to be one component, whereas in EV that is going to be the most important component. The opportunity size for the battery manufacturer in the automobile ecosystem is going up many-many fold, says Sudip Bandyopadhyay
Real estate growth strongest in greater Mumbai region, says Mahantesh Sabarad
The Mumbai real estate sector, particularly in the greater MMR region like Thane, has thrived in the past two years, outpacing traditional growth markets. Companies like Raymond, Oberoi Realty, and Godrej, with investments in this area, are poised for strong performance amidst upcoming metro projects.
Technical Breakout Stocks: How to trade Amara Raja Batteries, Raymond and Exide Industries on Wednesday
The Indian market hit a fresh record high on Tuesday, tracking positive global and domestic cues. The S&P BSE Sensex rose over 700 points to close above the 78,000 mark for the first time while Nifty50 rallied nearly 200 points to end above 23,700.
Deven Choksey on one sub-sector to be bullish on in run up to Budget
Maybe for buying the deep value investment opportunity, we will have to see a correction in the market. If at all it comes, that would be a good opportunity to buy into it. But otherwise, I maintain that I think, yes, the fundamental is not doubted. The current valuations are not comforting.
Share market update: Most active stocks of the day in terms of traded value
The NSE Nifty index closed 183.46 points up at 23721.3
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3 top stock recommendations from CA Rudramurthy BV
Let us see how even budget comes out and then take aggressive position. So, for sure, this is not the time to take aggressive position, not to be in high beta and one has to have reduced leverage and risk management will hold the key if you are a very short-term trader.
Share market update: Most active stocks of the day in terms of total traded value
The NSE Nifty index was trading 54.41 points up at 23592.25
Not so well known stakeholders of EV ecosystem: 8 stocks that don't come instinctively, 3 with an upside potential of more than 18%
We also have a whole list, but we have separated the eight companies, just because these companies are not the names which one would instinctively think about and probably they may have more to go as they form this index.
Rally getting broad-based; 2 stocks on buy list: Dhwani Patel
Dhwani Patel, Founder of Finversify, highlights the broad-based market trend with sector-specific buying and active participation from midcap and smallcap segments. Patel says in Bank Nifty there was a certain divergence seen in Bank Nifty for PSU and private sector banking, But till 48,600 is holding out, she is on the bullish side in Bank Nifty on both the indexes.
EV stocks vroom up to 253% in 1 year. Should you invest?
Hindustan Copper shares, which are seen as one of the beneficaries of the growing EV adoption, have rallied 253% in the last year. Other EV stocks that have more than doubled investor wealth in one year are Himadri Speciality Chemical, Servotech Power Systems, JBM Auto, and Exide Industries.
Battery stocks’ rally may extend after $2 billion surge
Exide and Amara Raja added a combined market value of about $2 billion in April as investors boosted their bets in the nascent clean car market. Purchase subsidies, lower operating costs and state-level policy will continue to support growth in the industry, analysts said.
It’s a buy-on-dips market but we have not increased cash allocation: Abhay Agarwal
Abhay Agarwal says "we have recently rebalanced our model portfolio, booked some profits in small and midcaps that we have over allocated to last year at the same time and redeploying them in largecaps where we see more value now. That is the only change that we have made in the portfolio. Other than that, we do not have increased cash allocation."
If you have to go for IT at all, TCS a better bet: Hemang Jani
Hemang Jani remains cautious on the IT sector. He says "the only positive takeaway is that the market is already sensing that there would be a significant negative growth of about 1% to 1.8% in terms of quarterly revenue growth for Infosys. The next year guidance was anywhere from 3% to 5%, which is mediocre. So, it would be best to stay away from IT till we get more colour on growth."
Auto battery makers shine on EV prospects
Exide and Amara Raja stocks soared due to increasing EV demand. Analysts foresee bright prospects for Exide with Hyundai and KIA partnership, government aid, and EV market growth. The companies are set to capitalize on the rising trend.
After 17% surge, book profit or hold Exide; don’t rush in to buy: Sanjiv Bhasin
Sanjiv Bhasin prefers Exide for its early technology lead in lithium-ion as well as ICE batteries. The Exide stock surged after Hyundai and Kia announced partnership for EV battery localisation in India . Exide's advantage over Amara Raja is due to its strong market position as well as early tech disclosures.
Mayuresh Joshi on 3 stocks that can be bought on dips now
Mayuresh Joshi, Head-Equity Research India at William O'Neil, recommends buying opportunities in stocks like Exide, Amara Raja, and Pidilite in the midcap space. He also suggests considering midcap IT stocks and pharma companies like Sun Pharma, Cipla, Natco, and Torrent Pharma. Joshi says they will be keeping eyes open for any pullback in stocks like Persistent and Coforge within midcap IT space.
Exicom IPO could offer a good long-term play on EV growth
Exicom has a market share of 60% in residential EV charging and 25% in public charging space. The IPO will make it one of the few listed companies in the growing EV ecosystem.
The real Hyundai Motor stands up at battery PLI pre-bid round
The participation of the South Korean company is notable because a similarly named Hyundai Global Motors had got sops for setting up a 20 gigawatt hour (GWh) capacity in the earlier PLI auction round for ACC batteries, held in January 2022. It was eventually concluded that this was a case of impersonation and that Hyundai Global Motors had used fake documentation while bidding.
In auto, prefer two-wheelers; Hero Moto top pick: Siddhartha Khemka
Sun Pharma reported better-than-expected earnings with EBITDA margins beating expectations. The stock reacted positively to the news. Voltas had weak performance, particularly in the project business, but the market reacted positively, possibly due to short covering. Blue Star, on the other hand, had strong results and a positive outlook. Battery companies like Exide and Amara Raja are showing good traction, but we have a neutral rating on them and prefer to invest directly in the OEMs. Our top picks are two-wheelers, with Hero Moto leading the pack.
PSU banks look very attractive for the next 3-6 months or even for a year: Pankaj Pandey
Pankaj Pandey discusses the attractiveness of PSU banks within the BFSI space. He also mentions the potential growth for rating agencies due to government and RBI push for corporate bonds. Tech Mahindra and BirlaSoft are highlighted as companies with strong numbers and attractive prospects. Bajaj Auto's good margins and TVS's success in the EV market are noted. Pankaj Pandey comments on the opportunities in the railway sector, but expresses concerns about valuations.
Should investors avail of TCS buyback offer? Kunj Bansal explains
“It all comes back to the horizon of investing. As long as you are comfortable with the medium- to long-term investment horizon and you are comfortable with the sectors and companies' financials, then there is no reason for anybody to kind of look at exit. One should continue to hold on to good quality stocks.”
Lithium battery demand to reach 250-500 GWh in India by FY33
Battery demand of 250GW could be achieved with incentives of INR 1.8 tn over FY24-28 and an initial capex of USD 30-33 bn, says the report on ‘EV Batteries: Battle to control EV supply chain’ by Axis Capital.
Empowering India: A glimpse into Battery Energy Storage Systems for a sustainable future
India envisions a future where 30% of new vehicle sales will be electric by 2030. A substantial amount of battery storage is needed to facilitate this shift - a staggering 34 GW or 136 GWh to support the additional 450 GW of renewables.
Boat looking to boost revenue by 25%; govt starts choosing firms for cell-making PLI scheme
Happy Friday! Following up on $500 million in FY23 net sales, Boat is focussing on ramped-up software play and a robust offline presence to push up its revenue by 25% this year. More local procurement is also on the cards.
Profit Powerhouses: Smallcap stocks with highest EPS growth in FY23. Which ones to buy?
Smallcap companies are stealing the show and driving growth for portfolios of retail investors, with mid and smallcap indices already at record highs. A study by ETMarkets showed the FY23 EPS of 116 smallcaps surged by over 100%, with at least 11 of these companies reporting growth of more than 1,000%. Telecom firm Vindhya Telelinks topped the list, with its EPS increasing 9,488% to Rs 156.37, while multibagger stock Ramky Infrastructure saw a 4,729% spike to Rs 164.83. Analysts recommend investing in small companies with high growth rates and low starting valuations to maximise returns.
Government kickstarts process to select companies for cell-making PLI scheme
The Indian government has restarted the process of selecting companies for its production-linked incentives scheme for advanced chemistry cells (ACC) to subsidise up to 20 GWh of battery cell making capacity, after Hyundai Global Motors was disqualified for misrepresenting itself. This provides an opportunity for nearly a dozen other companies, including Mahindra & Mahindra, Exide Industries and Larsen & Toubro, who had been waitlisted to apply for the scheme afresh.
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