CITI ON CHOLA INVESTMENT & FINANCE
Target *2100
Recommendation Buy
KEY TAKEAWAYS
Reaffirmed 20-23% AUM growth outlook with mortgages and new businesses outpacing flagship vehicle finance
Pre-tax ROA guidance of 3.3-3.5% stays intact despite two emerging headwinds: insurance commission clampdown and rise in Cost of Funds (due to repo rate hike)
Management leans on yield/fee optimization, opex leverage, and contained credit cost as offsetting levers
Asset-quality metrics remain resilient across product segments and net credit loss is targeted below 1.5% at the aggregate company level
Target *2100
Recommendation Buy
KEY TAKEAWAYS
Reaffirmed 20-23% AUM growth outlook with mortgages and new businesses outpacing flagship vehicle finance
Pre-tax ROA guidance of 3.3-3.5% stays intact despite two emerging headwinds: insurance commission clampdown and rise in Cost of Funds (due to repo rate hike)
Management leans on yield/fee optimization, opex leverage, and contained credit cost as offsetting levers
Asset-quality metrics remain resilient across product segments and net credit loss is targeted below 1.5% at the aggregate company level
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MOREPEN LABS: CO.SUBMITS FIRST U.S. ANDA FOR SITAGLIPTIN, STRENGTHENS INTEGRATED CDMO CAPABILITIES. FIRST U.S. ANDA SUBMITTED FOR SITAGLIPTIN TABLETS USP IN THREE STRENGTHS
TITAN: CO. IS BETTING THAT INDIAβS APPETITE FOR MECHANICAL WATCHES HAS FURTHER ROOM TO RUN. ITS AUTOMATIC-WATCH BUSINESS EXPECTED TO REACH RUPEES 350β400 CRORE THIS FISCAL, UP FROM RUPEES 265 CRORE LAST YEAR
INOX INDIA HAS SUPPLIED ADVANCED 2200 L LNG RECEIVING, STORAGE AND REGASIFICATION SYSTEMS FOR INTEGRATION WITH 1400 HIGH-PRESSURE DUAL POWER UNIT CARS (DPUS) OF DUAL-FUEL DIESEL ELECTRIC MULTIPLE UNIT (DEMU) TRAINS FOR INDIAN RAILWAYS.
Negative news for SONACOMS & SAMVARDHAN MOTHERSON
Trump says he approved new fuel economy standards, rolling back Biden-era rules
The new standards will reverse the Biden administrationβs stricter policies that were expected to increase fuel efficiency and encourage greater use of EV and hybrid technology.
This will impact EV sales ie sales for TESLA a major customer for SONACOMS and MOTHERSON in the US
Trump says he approved new fuel economy standards, rolling back Biden-era rules
The new standards will reverse the Biden administrationβs stricter policies that were expected to increase fuel efficiency and encourage greater use of EV and hybrid technology.
This will impact EV sales ie sales for TESLA a major customer for SONACOMS and MOTHERSON in the US
DILIP BUILDCON: CO HAS BEEN DECLARED AS L-1 BIDDER FOR PROJECT WORTH RUPEES 1,152 CR
GOVT INITIATES ANTI-DUMPING PROBE INTO PENTAERYTHRITOL IMPORTS FROM RUSSIA (KANORIA CHEMICALS)
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LUPIN: CO. RECEIVES TENTATIVE APPROVAL FROM U.S. FDA FOR NOVEL APIXABAN ORAL SUSPENSION
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β’ Receives a new order worth approximately USD 0.5 Mn from Demerara Bank, Guyana.
β’ Order involves implementation of an Agentic AI solution and underlying technology infrastructure.
β’ Execution period: 7 months.
β’ Order strengthens Ksolvesβ existing partnership with Demerara Bank in digital transformation projects.
β’ International IT services order from Guyana, South America.
β’ Receives a new order worth approximately USD 0.5 Mn from Demerara Bank, Guyana.
β’ Order involves implementation of an Agentic AI solution and underlying technology infrastructure.
β’ Execution period: 7 months.
β’ Order strengthens Ksolvesβ existing partnership with Demerara Bank in digital transformation projects.
β’ International IT services order from Guyana, South America.
WELSPUN CORP, VIPUL MATHUR SAYS
US Market Is Growing Exponentially, Have Cherry-picked Good Orders
HFIW Order Win Was Strategically Important For The Co
TAM For The Saudi Biz Is Compounding & Is Much More Than $10 Bn
Intent Is To Get To A Million Tonne Capacity In The US Vs Current Approx 7 Lk-8 Lk Tonnes
Wanted To Be Surrounded By Marquee Investors, Hence, Stake Sale By The Promoter
US Market Is Growing Exponentially, Have Cherry-picked Good Orders
HFIW Order Win Was Strategically Important For The Co
TAM For The Saudi Biz Is Compounding & Is Much More Than $10 Bn
Intent Is To Get To A Million Tonne Capacity In The US Vs Current Approx 7 Lk-8 Lk Tonnes
Wanted To Be Surrounded By Marquee Investors, Hence, Stake Sale By The Promoter
INVESTEC ON PB FINTECH
Life insurance impact is manageable
Proposed health insurance commission caps are severe (60%-70% cut in Health renewal)
Would not view the regulatory driven correction in PB Fintech as a bottom-fishing opportunity
PB Fintech, Banks & NBFCs believe the impact should be manageable
Life insurance impact is manageable
Proposed health insurance commission caps are severe (60%-70% cut in Health renewal)
Would not view the regulatory driven correction in PB Fintech as a bottom-fishing opportunity
PB Fintech, Banks & NBFCs believe the impact should be manageable
RATNAVEER PRECISION-AGM TAKEAWAYS
Capex Plan of Rs 490 cr Till FY29 (And Debt Free Target)
Brownfield and Similar Business Acquisition Strategy
Growth Target Of 22-28% CAGR For Next 2-3 years
Capex Plan of Rs 490 cr Till FY29 (And Debt Free Target)
Brownfield and Similar Business Acquisition Strategy
Growth Target Of 22-28% CAGR For Next 2-3 years
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PARAG MILK says
Demand For Paneer Is Higher Than Current Capacity
Paneer Capacity is Running At 100% Utilisation Levels
Paneer TAM Stands At βΉ1 Lk Cr Today, Growing At 12% CAGR
Increasing Paneer Capacity From 20 mt To 80 mt
Will Double Both Cheese & Whey Protein Capacity
Demand For Paneer Is Higher Than Current Capacity
Demand For Paneer Is Higher Than Current Capacity
Paneer Capacity is Running At 100% Utilisation Levels
Paneer TAM Stands At βΉ1 Lk Cr Today, Growing At 12% CAGR
Increasing Paneer Capacity From 20 mt To 80 mt
Will Double Both Cheese & Whey Protein Capacity
Demand For Paneer Is Higher Than Current Capacity
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QMS MEDICAL:
CO. TO ACQUIRE BEAMOPTICS SCIENTIFIC β A PUNE-BASED DIAGNOSTICS AND ANALYTICAL DEEP-TECH COMPANY
CO. TO ACQUIRE BEAMOPTICS SCIENTIFIC β A PUNE-BASED DIAGNOSTICS AND ANALYTICAL DEEP-TECH COMPANY