UNO MINDA LTD Q1 RESULTS
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43 smallcap stocks post double-digit weekly gains amid market consolidation
The stock market experienced a bullish week, with 43 stocks posting double-digit gains. Inox Wind Energy spearheaded the small-cap surge with a remarkable 35% gain. Kitex Garments and Suprajit Engineering also impressed with gains exceeding 25%. Gravita India, Panacea Biotech, Inox Wind Ltd, and Sarda Energy delivered robust returns between 20% and 25%, contributing to a positive overall market sentiment.
![Q1 results today: LIC, RVNL, GRSE, MRF among 225 companies to announce earnings on Thursday](https://img.etimg.com/thumb/msid-112361312,width-100,height-75,resizemode-4/markets/stocks/news/q1-results-today-lic-rvnl-grse-mrf-among-225-companies-to-announce-earnings-on-thursday.jpg)
Q1 results today: LIC, RVNL, GRSE, MRF among 225 companies to announce earnings on Thursday
The initial quarter earnings season began with 225 companies, including LIC, Eicher Motors, RVNL, and SAIL, reporting their financial performance. Eicher Motors was expected to achieve a significant profit range, while LIC was projected to see a notable increase in its annual premium equivalent and value of new business on a yearly basis.
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Olympics 2024 schedule, medals matches for basketball: How to watch Team USA games
Olympics 2024 schedule for basketball is out now and we have listed group and medal matches team USA.
![Capital gains tax hike can impact valuation, little upside left in Nifty: Nomura](https://img.etimg.com/thumb/msid-112006888,width-100,height-75,resizemode-4/markets/stocks/news/capital-gains-tax-hike-can-impact-valuation-little-upside-left-in-nifty-nomura.jpg)
Capital gains tax hike can impact valuation, little upside left in Nifty: Nomura
Investors' faith fueled Dalal Street’s high valuation multiples, but Nomura cautioned on potential headwinds if domestic equity flows drop due to tax hikes. Nomura's 2024 Nifty target sees little upside. Key stock picks include SBI, ICICI Bank, and others. Sectors like housing, cement, and solar energy may benefit from budgetary changes.
![Uno Minda all lit up with more content per car and focus on electric vehicles](https://img.etimg.com/thumb/msid-110676377,width-100,height-75,resizemode-4/industry/renewables/uno-minda-all-lit-up-with-more-content-per-car-and-focus-on-electric-vehicles.jpg)
Uno Minda all lit up with more content per car and focus on electric vehicles
Uno Minda, a major auto parts supplier, has shown remarkable revenue growth, outpacing industry averages by almost two and a half times over five years. Its robust performance in FY24, marked by a 25.2% revenue increase and expanding operating margins, has propelled its stock by 37% in recent months. With significant growth in its lighting and light metal technology divisions, driven by premium offerings and expanding into the electric vehicle (EV) segment, Uno Minda is capitalizing on the trend of premiumization across vehicle segments.
![Series AA 127- The EV transformation-Part 1: How a multibagger got fresh tailwinds & gave 22,334% return in the last 20 years](https://img.etimg.com/thumb/msid-110635341,width-100,height-75,resizemode-4/markets/stocks/news/series-aa-127-the-ev-transformation-part-1-how-a-multibagger-got-fresh-tailwinds-gave-22334-return-in-the-last-20-years.jpg)
Series AA 127- The EV transformation-Part 1: How a multibagger got fresh tailwinds & gave 22,334% return in the last 20 years
Excerpts from its annual report for 2017-18. ELECTRIC VEHICLES – THE NEW MARKET DISRUPTOR “We are anticipating the next market disruption through electric vehicles. We are closely reviewing and watching the situations and doing our ground level work. We are also mapping all of our existing products vis-à-vis EV to capitalise on the opportunities EV will throw at the component manufacturers, whether it is motors, batteries or any other system which will come into the electric vehicles, totally different from the conventional IC engine” Cut to August 2023, five years down the line, the company commissions two plants for making on-board charger, off-board charger, motor control Units, DCDC converters, battery management systems, and more products catering to EV 2-wheelers and 3-wheelers. Now this is a reflection of the speed at which an auto ancillary company needs to function and also the product range it needs to have if it has to stay relevant in the changing world of the auto Industry. Foresight, planning and timely execution is the key.
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Uno Minda vrooms ahead on new order winds, capacity expansion
The 18% annual growth in its revenue over the past five years was nearly two-and-a-half times better than the industry average. The company reported a strong business traction in FY24 with 25.2% growth in revenue at Rs 14,064.7 crore while expanding operating margin before depreciation and amortisation (EBITDA margin) by 20 basis points to 11.3%.
Series AA 127- The EV transformation - Part 1: How a multibagger got fresh tailwinds & gave 22,204% return in last 20 years
Below are the excerpts from its annual report of 2017-18. ELECTRIC VEHICLES – THE NEW MARKET DISRUPTOR | “We are anticipating the next market disruption through electric vehicles. We are closely reviewing and watching the situations and doing our ground level work. We are also mapping all of our existing products vis-à-vis EV to capitalise on the opportunities EV will throw at the component manufacturers, whether it is motors, batteries or any other system which will come into the electric vehicles, totally different from the conventional IC engine.” Cut to August 2023, five years down the line, the company commissions two plants for making on-board charger, off-board charger, motor control Units, DCDC converters, battery management systems, and more products catering to EV 2-wheelers and 3-wheelers. Now this is a reflection of the speed at which an auto ancillary company needs to function and also the product range it needs to have if it has to stay relevant in the changing world of the auto Industry. Foresight, planning and timely execution is the key.
Q4 results today: ITC, IndiGo among 181 companies to announce earnings on Thursday
181 companies, including IndiGo and ITC, will announce their quarterly earnings for Jan-Mar 2024. IndiGo is expected to post healthy earnings, while ITC may see muted revenue growth.
Minda Corp Q4 Results: Net profit jumps 27% to Rs 71 crore
Auto components maker Minda Corporation on Wednesday said its profit after tax increased 27 per cent to Rs 71 crore in the fourth quarter ended March 2024. The company had reported a profit after tax (PAT) of Rs 56 crore in the year-ago period.
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 49%
It is after a long period of time that on Friday bears are visible in both segments of market, in the broader market like indices like Nifty and Sensex, but also in the broader market breadth. There is no major follow up in today's trading session, but given the fact valuations are expensive it would be better to still be cautious. In such times, stocks where there are some improvements in the business operating matrix that tend to weather the storm better. 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.
Stocks in news: Bharti Hexacom, NTPC, TCS, Dr Reddy's, Trident
The shares of Bharti Hexacom will debut on the exchanges on Friday. Based on the GMP trends, the stock is expected to see a healthy listing of around 12-15%.
Q4 earnings preview: Auto sector revenue to grow 15% YoY on steady PV, 2W demand
Q4 auto sector is poised for revenue growth of 15% with EBITDA expected to rise by 28%. Brokerages foresee flat margins for some OEMs. Positive 2W demand trends noted. Top picks include TVS and Tata Motors.
Risks are of different kinds: The ‘market risk’ and ‘unnecessary self-created anxiety risks’; avoid the latter by checking little yet critical things
In a fortnight where smallcaps were the worst performers and large investors are counting on how much losses their smallcap portfolio have incurred. There are still some die-hard small fans who would be looking to invest in small caps and there is nothing wrong in investing in small caps even in mayhem if one is sure of holding it for the next three to five years. The only thing that needs to be ensured is that one should understand that there is a difference between a good business and a bad business even in the small, mid and largecap segments. There is a difference in the absolute value of the stock and the value of the company. There are some businesses that will remain small but are so niche that they will still make wealth for you if you hold them for some time. But if your definition of smallcap stocks is a stock that is quoting at below Rs 20 or an X amount and the reason you want to buy that stock is because you are hoping your money will grow by ten times, then forget small, mid or large, the stock market is not a place where you will make a return, the only thing you will get is unnecessary anxiety.
Confident of delivering 1.5x industry growth in the medium to long term: Sunil Bohra, UNO Minda
UNO Minda, a leading automotive company, is experiencing significant growth in their alloy wheels and lighting businesses. They are also expanding into the EV market and exploring opportunities in premiumisation, wireless chargers, switching, and seating. From EV perspective, the business is doing pretty well. So, there are a lot of factors which are riding on this
Q3 results today: Adani Enterprises, Adani Ports, Titan among 86 companies to announce earnings
The Street has an action-packed day on Thursday with the release of Union Budget 2024 and earnings announcements from 86 BSE listed companies for the December quarter. Notable companies to watch among the Nifty companies are Adani Enterprises, Adani Ports & Special Economic Zone, and Titan Company. Other important results include Abbott India, Aether, Bata India, Castrol India, Deepak Fertilizers and Petrochemicals Corporation, GMM PFaudler, India Cements, Jyothy Labs, Jupiter Wagons, Dr Lal Pathlabs, Minda Corp, MPhasis, RITES, Texmaco Rail & Engineering, Thyrocare.
Maruti Suzuki Q3 Results: Cons profit zooms 33% YoY to Rs 3,207 crore; revenue jumps 15%
Maruti Suzuki Q3 Results: Revenue for the quarter came in at Rs 33,512.8 crore vs Rs 29,251.1 crore a year ago, registering a 14.5% YoY growth. On a standalone basis, the profit stood at Rs 3,130 crore, up 33.1% YoY versus 2,351.3 crore reported by the company in Q3FY23
Q3 results this week: ITC, Adani Ports, Bajaj Finance, IndiGo, SBI, Tata Motors and others
ITC, Bajaj Finance, NTPC, Adani Green Energy, Bharat Electronics, Punjab National Bank, GAIL, Bharat Petroleum, Corporation, Vodafone Idea, Marico, Petronet LNG, Nippon Life India Asset Management, Tata Investment Corporation, Piramal Enterprises, R R Kabel, Aditya Birla Sun Life AMC, Maharashtra Seamless, Nuvoco Vistas Corporation, Godfrey Phillips India, among others will report their December quarter numbers on Jan 29
Hot Stocks: Brokerage view on Prestige Estates, JB Pharma, Uno Minda and Jyothy Labs
Citigroup maintained a buy rating on Prestige Estates but raised the target price to Rs 982 from Rs 693 earlier.
Expect peak revenues of Rs 3,000 odd crore from EV & non-EV components in FY26, FY27: Sunil Bohra, UNO Minda
“In the short term while we do expect the margins to maintain at around 11% plus-minus a few basis points and when we say the guidance of 11%, the incremental cost which normally tends to creep in once you commission the new plants is already baked in. We do not expect any significant deterioration or dilution in the existing margins per se.”
IPO Watch: ASK Automotive cool with ICE and charged up for electric games
The company has been outperforming the two-wheeler industry growth owing to higher share of non-auto verticals and adding new customers and new products in the auto sector to offset volume cyclicality of the two-wheeler industry.
In the new world of EV: 5 auto ancillary stocks with upside potential of up to 37%
In the last five years, many auto ancillary companies have been trying to stay relevant to the EV space. Some got into EV space through organic routes as their existing product lines were still relevant to an electric vehicle, a few went through an inorganic route. Over the next one to two years, there would be shakeout in the auto ancillary space. The ones which are relevant to EV space are likely to get premium; others will probably just survive. So, while looking at an auto ancillary unit it would be worthwhile to figure out abouts its probability of staying relevant in EV space rather than what is happening to its margins and other financial factors in the short term. We take a look at companies where analysts are projecting further upside in the next 12 months. The list is based on upside estimated by the analysts, with the highest potential stock coming on the top of the list
Fri-yay for bulls! Sensex surges 600 points; investors add over Rs 3 lakh crore to wealth
From the Sensex pack, NTPC, Tata Steel, JSW Steel, and L&T were the top gainers, rising 1-2%. Tata Motors, Sun Pharma, and SBI also rose in early trade. On the flip side, Asia Paints, Tech Mahindra, Infosys, Wipro, and IndusInd Bank declined.
Stock Radar: UNO Minda sees breakout from a Pennant formation, may hit Rs 700 levels. Time to buy?
The stock hit a fresh record high of Rs 660 on 17 August 2023 but failed to hold on to the momentum. It took support above the 200-DMA in May and 50-DMA in July on the daily charts. The stock bounced back after creating a 52-week low of Rs 433 on 24 March
EV tailwinds? 5 auto ancillary stocks with upside potential of up to 37%
As the whole landscape for the auto sector changes, select auto ancillary stocks are coming back on the attention list. Last week an auto ancillary major announced the opening of two plants for Electric Vehicle space only. Probably this is just the beginning, more auto ancillary units would be announcing it sooner than later. We take a look at companies where analysts are projecting further upside in the next 12 months. The list is based on upside estimated by the analysts, with the highest potential stock coming on the top of the list
Q1 results this week: LIC, Adani Ports, IRCTC, Hero MotoCorp, Nykaa and others
Adani Ports, Coal India, Siemens, Hindalco, Linde India, Lloyds Metals, Phoenix Mills, Oil India, Prestige Estates, Aarti Industries, Happiest Minds, Brigade Enterprises, Suven Pharma, Eureka Forbes and others will announce their June quarter results
RBI MPC, FII action, Q1 earnings among top 10 factors to drive Dalal Street mood this week
Plenty of data to be announced by the US this week including those on trade balance, CPI, initial jobless claims, wholesale inventories and consumer sentiments. The UK will declare industrial production, manufacturing production and GDP data. China will announce its FDI, CPI, producer price index (PPI) and trade balance data
Q1 results this week: Adani Enterprises, SBI, Maruti, Titan, Airtel, M&M & others
Major firms such as Maruti Suzuki, Titan, Bharti Airtel, and M&M among others will release their June quarter results this week. The report cards of other companies such as GAIL, Power Grid, Sun Pharma, and Adani Enterprises are also expected to be out. This week, Maruti Suzuki, Adani Enterprises, Adani Transmission, Titan, IndiGo, Bharti Airtel, Sun Pharma, SBI, M&M, Varun Beverages, and Bank of Baroda are scheduled to announce their quarterly performance.
Wealth churner! Multibagger BSE200 stock turns Rs 10,000 to Rs 8 lakh in just 10 years
Uno Minda, a Tier-I supplier of proprietary automotive solutions, has seen its shares offer massive returns to investors, rising as much as 8,000% in the last ten years. An investment of INR 10,000 in the stock ten years ago would now be worth INR 8 lakh. The company's marquee clients include BMW, Ford, Nissan, and Kawasaki. Mutual funds own a big chunk of the company with a 15.69% stake, while foreign investors own 6.23%.
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