MARGIN CALLS

Amit Shah wins Gandhinagar by over 7 lakh votes

Amit Shah, Union Home Minister, wins Gandhinagar Lok Sabha seat in Gujarat by a record margin of over 7.44 lakh votes. He defeated Congress rival Sonal Patel. In Indore, BJP's Shankar Lalwani wins with a massive margin. NOTA records 2.18 lakh votes in Indore.

Modi factor, targeted campaign against AAP on corruption allegations ensures clean sweep for BJP in Delhi

BJP poised to win all Delhi seats, facing tough fight from AAP and Congress. Victory margins reduced compared to 2019. Modi factor credited for BJP's success and attack on AAP over corruption. AAP-Congress alliance questioned for lack of synergy. AAP's vote share increased, Congress declined.

FII and retail positioning ahead of election results look scary, warns Rupak De of LKP Securities

"A favorable outcome for BJP is likely to take the index on a wild ride towards 23,500. However, at this juncture, 24,000 appears slightly unlikely, at least in the 4-5 trading sessions."

Dell shares slump 18% as heavy AI investments expected to dent margin

Dell's stock is projected to lose over $21 billion in market value, despite having experienced a remarkable 80% surge earlier this year. The company, like many others, has made significant investments in advanced server hardware to accommodate the growing demand for complex artificial intelligence processing.

Capex to remain in Rs 6,000-7,000 crore range in coming years: Satish Pai, Hindalco

I have to caution that it is very hot. Power demand is going up. We are going into the monsoon period. So, we will have to wait and watch and see how the coal prices respond. Right now, there is sufficient availability of coal and as you said, the prices are also under control.

Need of the Hour: Impactful Innovations that Can Aid Small and Marginal Farmers

Honasa shares surge 7% after reporting Rs 30 crore profit in Q4. Should you buy, sell or hold?

Honasa Consumer, the parent company of Mamaearth, saw its shares surge by 7% during Friday's trading session on the BSE, reaching a peak of Rs 447.70. This increase followed the announcement of a net profit of Rs 30.4 crore for the quarter ending March 2024, a significant improvement compared to the Rs 161.7 crore loss reported in the same quarter last year.

Lok Sabha polls: Maneka Gandhi eyes bigger victory margin in Sultanpur

Amethi and Rae Bareli are in close proximity to the district. While Rahul Gandhi is contesting from Rae Bareli this time, Gandhi family loyalist K L Sharma is pitted against Smriti Irani in Amethi. Maneka Gandhi, who had won from Sultanpur in 2019 by a margin of 14,000 votes, said, "This time my victory margin will be bigger".

Is it a good time to bottom fish in IT and banking stocks? Surjitt Singh explains

Surjitt Singh of PGIM India PMS discusses playing BFSI through differentiated themes, underweight banking and IT sectors. Market influenced by earnings season, government stability, and sectoral views. Positive on auto, healthcare, building materials. Concerns about real estate valuations. Metal pack showing signs of recovery. Overweight on hospitals and CDMO manufacturers in healthcare sector.

Chandra Shekhar Ghosh explains Bandhan Bank’s extra provisioning, opex issues and sees credit cost @1.5-1.8% next FY

Chandra Shekhar Ghosh, MD & CEO of Bandhan Bank, discusses the bank's expansion with 300 new branches and recruitment of 2,000 people. He covers topics such as slippage reduction, DPD improvement, collection efficiency, provisioning reasons, net profit dip, operating expenses, credit guarantee fund, net interest margins, asset quality, deposit rate impact, portfolio quality, and credit cost guidance.

Should you add or buy defence stocks afresh? What to do with bank stocks? Deven Choksey answers

Deven Choksey discusses the potential tariff hike in the telecom sector and the strategies of Jio and Vodafone Idea. He emphasizes the importance of data consumption and the need for investments in infrastructure for companies to stay competitive in the market. Choksey also says: "The likes of Bajaj Finance, Kotak are looking like some of the smartest of the lot within the investment portfolio."

Ujjivan Small Finance Bank becomes eligible for universal banking license, but has no immediate plan to seek one

The bank’s gross non-performing assets ratio stood below 3% and net NPA ratio below 1% for two consecutive years, making it entitled to apply for a licence. "Next week, the process of reverse merger will be over. A call on universal banking will be taken later. We are not rushing for it," managing director Ittira Davis said.

LIC Housing Finance eyes lower double digit loan portfolio growth in FY25

LIC Housing Finance targets "lower double-digit" loan portfolio growth this fiscal, focusing on affordable housing, says MD Tribhuwan Adhikari. March saw a 4.3% y-o-y loan portfolio rise to Rs 2.87 lakh crore. Annual loan disbursement dropped 8% to Rs 58,937 crore, partly due to cautious lending amid competition from other lenders.

Amazon India gets funds; IT margins hit

Amazon has ploughed fresh funds in its Indian marketplace entity. This and more in today’s ETtech Top 5.

Macrotech Developers to invest Rs 3,500-4,000 cr this fiscal to acquire land parcels

Realty firm Macrotech Developers Ltd plans to invest Rs 3,500-4,000 crore this fiscal to acquire land for housing projects and capitalize on the increasing demand for residential properties. The company aims for a 60:40 mix of owned land and joint development agreements, with a target of 10,000 apartment deliveries this year.

IT sweats to eke out margins on pricing squeeze, staff costs

Indian outsourcing companies face a margin squeeze in FY24 due to a triple threat: aggressive deal pricing, rising employee costs, and the pressure to boost revenue despite tight global budgets. Notably, Tata Consultancy Services (TCS), the industry leader, seems to be the only exception.

Proximus sets ambitious targets after acquisition of Route Mobile in India's largest inbound FDI deal

Rajdip Gupta, managing director and chief executive of RML, who will now lead the Proximus group’s global CPaaS business said, he finds immense cross-selling and business development opportunities for RML’s products in regions like Australia, LATAM and Europe.

Proximus thinks the route is clear for a 15% margin boost

Proximus targets revenue growth by acquiring Route Mobile, expanding globally with generative AI. Telesign's fraud solution introduced in India. RML acquisition to enhance CPaaS dominance. WhatsApp, RCS access highlighted.

ETMarkets Fund Manager Talk: Barring private banks, most sectors trading near full valuation: George Thomas, Quantum AMC

George Thomas, Equity Fund Manager at Quantum AMC, warns of full valuations in most sectors for FY25, emphasizing demand growth necessity. He advises on ideal asset allocation strategies for moderate risk profiles investing Rs 10 lakh for 10 years.

Gujarat: BJP aims to hit 500K margin in all seats, but internal issues pose risk

The BJP is set to vote in 25 of Gujarat's 26 Lok Sabha constituencies on Tuesday, with the party having already won unopposed in Surat. The party had previously targeted a winning margin of half a million votes in all seats, having done so twice in 2014 and 2019. However, as the campaign settles for the third phase, concerns have arisen within the party. The campaign has focused largely on national narratives, Ram Mandir, and the Hindutva agenda, but local issues have created more resonance in the state than larger appeal.

Q1 and Q2 will see close to double-digit volume growth for Britannia: Abneesh Roy

Abneesh Roy from Nuvama Institutional Equities discusses Britannia's positive growth outlook despite local competition and tech disruption, while also reflecting on challenges faced by Titan in the jewelry segment and eyewear business.

Intrinsic opportunity for jewellery business very strong: CK Venkataraman, Titan Company

​The businesses like eyecare in the last few months have really picked up and we are very bullish on those as well. Taneira continues to do well, international business is doing well. So, from a growth side, everything is really doing well and we just need to execute to generate the profit growth. We are all committed to that and we will know when the results actually come out, of course.

Mphasis management on company performance, growth outlook and more

"Our guidance is we should be in the range of 14.6-16% on a reported basis which on a like-to-like basis will be 15.7% to 17.1% and that is compared to the 15.25 to 16.25 range that we had last year, which indicates that we have a north-ward bias. And within this range also our expectation is we should be moving if not to the top end, to the middle of the range very soon as we are able to get operating leverage and as we are able to make sure that some of these impact of acquisitions get neutralised."