OPERATING RATIO
Bharti Hexacom shares rally 6% after Citi initiates coverage predicting a 20% upside
Bharti Hexacom Share Price: Shares of Bharti Hexacom surged 6% on Friday to a high of Rs 1,245.70 on BSE after Citi initiated coverage with a buy rating and a target price of Rs 1,405. Citi highlighted the company as an attractive midcap telco with strong growth potential, a healthy balance sheet, and positive prospects for tariff hikes amid reduced competitive intensity.
Amrapali projects' purchasable floor area ratio (FAR) approved by SC; this will allow for construction of 13,000 more flats
The Amrapali housing projects under the Supreme Court's supervision have received a significant boost with all involved parties agreeing on a purchasable floor area ratio (FAR) that has the potential to build more than 13,000 extra apartments.
Net office leasing to grow 10-12% to 41-43 million sq ft this fiscal: CRISIL Ratings
Net leasing of Grade A commercial offices in India is projected to rise by 10-12% this fiscal, driven by strong demand from global capability centres, banking, financial services, insurance, and manufacturing sectors. This growth will improve cash accruals and credit profiles of commercial real estate entities. CRISIL Ratings highlights floor-wise denotification of SEZs aiding this trend.
Decline in loan to deposits ratios in banks is because of lower money creation by RBI and substantial increase in banks profits: Nomura
The decline in loan-to-deposit ratios (LDR) within the banking system has been attributed to lower money creation by the Reserve Bank of India (RBI) and higher profits accrued by banks over the past two years, according to a Nomura report.
Domestic banks and NBFCs increase exposure to Adani Group to 36% of total debt
Domestic banks and non-banking financial companies raised their exposure to the Adani Group to 36% of its total debt by March 2024, lending ₹88,100 crore. The group’s debt increased due to capital expenditures in airports and green energy. However, a 45% rise in operating profit helped reduce its net debt-to-operating profit ratio to its lowest in six years at 2.19 times, down from 3.27 times a year earlier.
One ratio which helps in bullish, confusing & 'sectoral bearish times': 4 stocks for long term investors
It has made to headlines many times, one sector which is facing the brunt of selling from FPI, no prize for guessing it. It is financial services, stocks including banks. When a sector comes under pressure due to selling by one set of investors then sometimes, a narrative gets created that every stock in that sector should be avoided. But the fact if the fundamental of that sector are intact and improving, these phases of selling are probably an opportunity. Now the question comes which stock should be looked in and how much more should be paid for the stock. One of the ways is to determine by dividing a company’s PE multiple with its growth ratio. Look carefully at PEG ratio which in the long-term indicates many things in a better manner than most other alternatives like PE which tend to create a mirage of value.
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Avoiding Pitfalls: Key considerations before investing in momentum stocks
The concept of "present value" is rooted in the idea that money's worth changes over time. Essentially, a rupee today is worth more than a rupee tomorrow. This is because money can be invested and earn interest, making it more valuable in the present. Factors like interest rates and people's outlook on the future influence how we perceive the value of money at different points in time.
Piyush Goyal on ecommerce; Centre charges up EV cos
Union commerce minister Piyush Goyal said ecommerce firms are operating in an opaque manner, and that quick commerce platforms need to integrate kirana stores in their supply chain. This and more in today’s ETtech Top 5.
FM Nirmala Sitharaman directs RRBs to leverage CASA ratio for credit growth
The minister emphasised on active outreach by RRB branches located in MSME clusters to ensure credit to small and micro enterprises, the statement noted, adding that she also highlighted that sponsor banks and RRBs must recognise the challenges that lie ahead, especially maintaining asset quality, expanding digital services and ensuring robust corporate governance.
Ashok Leyland sees high enquiry from fleet operators amid consolidation
Ashok Leyland reported a rise in fleet operator enquiries amid MHCV segment consolidation. The company now expects single-digit growth in MHCV sales this fiscal year, surpassing earlier flat growth predictions. They highlighted their diverse vehicle lineup at the 'Mini Expo' in Navi Mumbai, reinforcing their transport solutions commitment.
What Warren Buffett’s Apple sale brings back to the investment world
Warren Buffett partially sold his Apple shares, citing high valuations despite the company's robust profitability. Apple was a bargain in 2016 but has become much more expensive. This move underscores the need to weigh quality against price, even for excellent names like Apple. It emphasizes a cautious approach to investing.
Sugar sector: Ethanol price hike & aggressive implementation on the way? 5 sugar stocks with upside potential up to 25%
On Tuesday when the whole market was crashing, it was select sugar stocks which were amongst the gainers. There were some reports which suggested that the government might soon be hiking the price of ethanol. Also the government would be getting more aggressive with the implementation of blending with petrol. Yes, it might happen, but the question is that whether price hike is the reason why one should be bullish on sugar stocks or the fact that sugar industry has become a part of the clean energy chain and their balance sheet has become better than what it use to be, debt levels are better and growth would be consistent. Knowing the reason and understanding is critical because when you know the reason it helps in staying with stocks till the time the whole growth story plays out, if one does not know the reason and has bought it on hear say one might just sell in any corrective move which market is bound to witness at regular intervals.
RBI to hold rates, may sound more confident of reaching inflation target: Report
The Reserve Bank was anticipated to maintain key rates with increased confidence in meeting its 4% inflation goal. The RBI's policy stance, growth and inflation forecasts, and regulatory changes affecting banks' profitability were expected to be closely examined, as per a foreign brokerage report before the RBI MPC's decision.
Does ONGC merit a big upgrade in the market? Probal Sen explains
Probal Sen from ICICI Securities highlighted the promising outlook for ONGC and Oil India. He emphasized that both companies have shown steady production growth and stable net realizations. Market confidence in ONGC has improved, while Oil India has consistently met its growth targets, reflecting in their strong performance over recent quarters.
Jindal Saw to consider stock split at board meeting on August 14
Jindal Saw's board scheduled a meeting on August 14 to discuss a 2:1 stock split. Each Rs 2 face value share will be split into two Re 1 shares. This follows a previous split in December 2009 when shares were divided from Rs 10 to Rs 2. No further details have been released.
India's tour and travel revenue set to soar 15-17 per cent this fiscal: CRISIL
India's tour and travel operators are poised to see a 15-17% revenue increase this fiscal year, driven by rising domestic tourism and a growing trend towards international travel, according to Crisil's latest report. This follows a significant 40% revenue spike last fiscal, exceeding pre-pandemic levels. Key factors include improved infrastructure, rising incomes, and government support for domestic tourism. The report highlights strong financial health and operating margins for travel operators, bolstered by a shift from 'revenge travel' to more frequent vacations and an increase in both domestic and outbound travel.
IDFC First 2.0: 80% of deposits retail now; to touch Rs 6 lakh cr in 5 years: V Vaidyanathan
IDFC First Bank's CEO, V Vaidyanathan, discussed the impact of recent Tamil Nadu floods on their joint liability group loans, leading to higher provisions. However, strong deposit growth and diversified loan book are keys to their stable future. The bank aims to enhance profitability through a growing retail deposit base and effective risk management.
Bandhan Bank Q1 Results: Profit soars 47% YoY to Rs 1,063 crore; NII jumps 21%
Bandhan Bank on Friday reported 47% growth in its consolidated net profit at Rs 1,063 crore in the first quarter, compared with Rs 721 crore in the last year period.
VST Industries bonus: Radhakishan Damani stock to issue shares in 10:1 ratio
VST Industries' board of directors on Monday approved the issue of bonus shares in the ratio of 10:1. The company will be issuing ten new bonus equity shares for each existing equity share and has fixed Friday, August 30, 2024 as the record date to determine the eligibility of members to receive bonus shares.
Karnataka Bank Q1 results: Profit up 8% to Rs 400 crore, NII up 11%
Operating profit for the quarter was lower at Rs 559 crore against Rs 601 crore, mainly due to 19% higher expenses against 12% rise in total income. Net interest income was 11% higher at Rs 903 crore.
UCO Bank Q1 Results: Net profit jumps 147% YoY to Rs 551 crore
State-owned UCO Bank on Monday reported a 147 per cent year-on-year jump in net profit to Rs 551 crore in the April-June quarter. The lender's bottomline in the corresponding period a year ago stood at Rs 223 crore.
Compensation gap between CEO & median employee widens in India Inc from pre-pandemic years, finds ET study
An ET study identified the widening gap in compensation between CEOs and median employees in 35 major Indian companies post-pandemic. Companies such as Hindustan Unilever, Infosys, and Tata Steel witnessed a significant increase in CEO to median pay ratios from 2019-20 to 2023-24 due to higher variable pay, bonuses, and ESOP-linked earnings, with ITC's ratio rising to 400:1 in FY24. Conversely, firms like Nestle and Bajaj Auto saw reductions. Modest median pay hikes and an abundance of low-cost entry-level resources impacted lower medians. Lateral hiring played a role in pay structures. Shriram Subramanian from InGovern attributes the trend to companies going global. Firms like Grasim Industries and HDFC Life Insurance also saw increases. Shareholders demand performance-linked CEO pay and fair wage practices.
Defence, railways momentum plays; can’t be bought into at present valuations: Hemang Jani
Hemang Jani discusses government-backed momentum in defence and railways sectors, questioning PSU valuations. He examines Zomato's $30-billion market cap and Blinkit's traction. Jani analyzes Angel One's revenue dip from SEBI guidelines, impacting PMSes and AIFs. Highlights potential benefits for BSE from new expiry rules for Fin Nifty, Mid Cap, impacting NSE's dominance.
Budget Bets: Pushing sugar sector in the clean energy chain is good for politicians & industry: 5 sugar stock with upside potential of up to 25%
After multiple attempts were made between 2001 and 2002, finally it was post 2015 that the sugar sector started witnessing a turnaround. Why is this turnaround special? Because all the stakeholders of the sector, the farmer, the industry, the politicians, and customers have been happier in the last nine years. Given the fact that sugar is a subject which comes under both state and central government, it is probably one of the most complex industries to make any changes. Another fact is among the industry which despite being in existence for ages, none of the stocks has been able to reach a level where they would be classified as large cap stocks.This typically happens in industries which operate in specific regions. But in the long run if the sugar industry becomes an integral part of the clean energy system then things might change.
Midcaps stocks: Bullish, Selective, Long term, combined the three for wealth creation. 5 mid caps stocks with upside potential of upto 22 %
In a market where bulls are ruling every corner of the street, and stocks are either fairly valued or overvalued. The big question is how does one take care of the basic aspect of buying good quality stocks at reasonable valuations. While in this market reasonable valuation might be difficult to find so it would be better to focus on finding quality business knowing full well that one is paying premium in bullish times. Just do a little hard work and ask some questions about the business one is going to be owning after one buys the stock. Doing all this will help in selecting the right stock and staying with them in order to create long term wealth.
This ratio helps in avoiding mirage of value in bullish time: 5 stocks from different sectors for long-term investors
Given the high probability that bulls will be soon seen all over the street. It would be better to just be a bit more cautious while taking incremental exposure. One thing which investors need to take into consideration is that there is a big difference in what is value and what looks cheap due to one financial ratio, more often than not, relying on PE may lead to wrong investment decisions. When looking for long term investment, it is better to use PEG ratio, though finding the right ratio is itself a challenge. PEG ratio is much better compared to the commonly used P/E ratio. It helps in avoiding stocks which might appear cheap but actually are not value buys. Also in sectors which are cyclical in nature, looking at the price earning matrix may lead to wrong decisions.
Sunteck Realty records highest-ever pre-sales of Rs 1,915 crore in FY2
Realty developer Sunteck Realty has reported its highest-ever annual performance in terms of pre-sales at Rs 1,915 crore for the financial year 2023-24 as against Rs 1,602 crore a year ago. The company’s net profit for the year rose to Rs 71 crore from Rs 1 crore a year ago, while core operating profit grew 63% to Rs 266 crore. Total revenue increased to Rs 565 crore, up 56% from Rs 362 crore a year ago.
Karur Vysya Bank Q4 Results: Net profit jumps 35% YoY to Rs 456 crore
The bank's net interest income for the quarter improved 11.5% to Rs 996 crore while other income was 57% higher at Rs 629 crore. The net interest margin for the quarter, however, was at 4.19%, down 18 basis points from 4.37% a year ago.
Fusion MicroFinance Q4 results: Net profit up 16% to Rs 133 crore
Fusion MicroFinance Q4 results: “We closed a very successful FY24 with the highest ever profit after tax, consistent growth in AUM, healthy return ratios and overall robust operational and financial metrics," managing director Devesh Sachdev was quoted as saying in a note issued by the company.
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