Markets
Bajaj Auto: Maintain ‘buy’, co posts 26.1% revenue growth
BAL has reported PAT of ~Rs 13.3bn (up 2% YoY) and declared dividend of Rs 140/share. Bajaj Auto’S (BAL) Q4FY21 margins were a beat on consensus expectations at 17.7% (down 65bpsYoY). BAL’s margin resilience was driven by rise in export mix (up 340bpsYoY at 46.4%) and increased share of...
Maruti Suzuki Rating: neutral: Q4FY21’s performance missed estimates
Maruti suzuki launched its new swift car in Auto expo 2018 in greater noida on Thursday. Express Photo by Gajendra Yadav. 08.02.2018. MSIL’s Q4FY21 EBITDA margin at 8.3% was below estimates (Nom: 9.6%, Bloomberg consensus: 9.2%). RM/Sales increased 80bp q-o-q to 77.3% (Nom: 76.8%), which was the key reason...
Petrol price can rise by Rs 5/litre to support OMC marketing margins
The impact has been worst in Maharashtra while Uttar Pradesh, New Delhi, and Chhattisgarh have also been severely affected Retail prices of auto-fuels are seen to rise again after the assembly elections are over as state-run oil marketing companies (OMCs) will likely want to improve their marketing margins amid...
Tech Mahindra Rating: buy: Execution was strong in the final quarter
Management is focussing on customer transformation deals. The stock is trading at 17.4x FY22e PE. All in all, we maintain ‘BUY/SN’. Tech Mahindra posted Q4FY21 revenue growth of 1.6% q-o-q (USD) and 0.7% (CC) to $1,330 mn, lower than our and Street’s estimates of 1.5% (USD) and 1.9% (cc),...
Sensex tumbles 984 pts, Bank Nifty falls over 2.5% as bears roar back into action; here’s what analysts say
In the broader markets, S&P BSE MidCap index fell 0.65 per cent or 133 points to 20,312. While S&P BSE SmallCap index fell to 21,670 levels. Image Reuters BSE Sensex and Nifty 50 tanked nearly 2 per cent, each, on a freaking Friday as bears made a comeback. Investors...
How stock brokers are redefining trading for millennials using technology
The knowledge one can gain from the financial markets is infinite, and even experienced traders and retail investors find it challenging to keep track of all the developments and get every trade right. Image: Reuters By Prabhakar Tiwari For many years, the Indian industry wondered what the real impact...
Sensex, Nifty may open in red; 5 things to know before today’s opening bell
The sharp up-move seen by Sensex and Nifty yesterday could limit any downside in the near future for the indices. (Image: REUTERS) Domestic equity markets enter the final trading session of the week on the back of four consecutive days of gains. S&P BSE Sensex now sits at 49,765...
Wall Street inches closer to pre-covid normal; is it now time to ditch the stay-at-home trade?
30% of the US population has been fully vaccinated, according to the Centers for Disease Control and Prevention. (Image: REUTERS) Amid a global lockdown in 2020, Wall Street saw a massive surge in the so-called ‘stay-at-home’ stocks. These included the likes of Zoom Video, Netflix, and other tech stocks...
Gold prices flat as international prices fall on strong US data; where is MCX gold headed?
Mixed data came from the US economy, however, lower interest rates will provide support for gold and silver Gold was trading flat to negative on Friday, mirroring the trend in international spot prices where strong US economic data and elevated Treasury yields dampened the yellow metal’s appeal. On the...
RIL shares trade flat; analysts expect 100% jump in Reliance Industries Ltd’s net profit in Q4 on low base
RIL stock has been under pressure for the past few months, firstly because of the farmer’s protest, resulting losses in Punjab and then because of the Future group deal going into the court with Amazon. Image: Reuters RIL share price was trading flat with a negative bias at Rs 2,021.90...
