π HSBC ON CONSUMER / FMCG
π MARICO
β’ BUY | TP βΉ1,050 (Earlier βΉ1,020)
π TATA CONSUMER
β’ BUY | TP βΉ1,180 (Earlier βΉ1,390)
π COLGATE
β’ HOLD | TP βΉ1,860 (Earlier βΉ2,140)
π DABUR
β’ HOLD | TP βΉ426 (Earlier βΉ456)
π GODREJ CONSUMER
β’ HOLD | TP βΉ960 (Earlier βΉ990)
π NESTLΓ INDIA
β’ HOLD | TP βΉ1,390 (Earlier βΉ1,480)
π MARICO
β’ BUY | TP βΉ1,050 (Earlier βΉ1,020)
π TATA CONSUMER
β’ BUY | TP βΉ1,180 (Earlier βΉ1,390)
π COLGATE
β’ HOLD | TP βΉ1,860 (Earlier βΉ2,140)
π DABUR
β’ HOLD | TP βΉ426 (Earlier βΉ456)
π GODREJ CONSUMER
β’ HOLD | TP βΉ960 (Earlier βΉ990)
π NESTLΓ INDIA
β’ HOLD | TP βΉ1,390 (Earlier βΉ1,480)
π¦ CITI ON BAJAJ FINANCE
β’ Rating: BUY
β’ Target Price: βΉ1,300
β’ AUM growth guidance raised, with core business metrics remaining resilient.
β’ Stage 2/3 stressed assets edged higher due to gold loans and the day-count effect.
β’ MSME lending stabilised, with downward pressure easing.
β’ Margins declined 10β12 bps QoQ; further compression is expected.
β’ Rating: BUY
β’ Target Price: βΉ1,300
β’ AUM growth guidance raised, with core business metrics remaining resilient.
β’ Stage 2/3 stressed assets edged higher due to gold loans and the day-count effect.
β’ MSME lending stabilised, with downward pressure easing.
β’ Margins declined 10β12 bps QoQ; further compression is expected.
β€1
π¦ JP MORGAN ON BAJAJ FINANCE
β’ Rating: OVERWEIGHT
β’ Target Price cut to βΉ1,260 from βΉ1,310.
β’ Q2 FY27 delivered strong operating performance.
β’ Growth guidance upgrade was better than expected.
β’ JP Morgan's preferred pick in the NBFC sector.
β’ Management focused on protecting RoA amid NIM pressure risks from higher funding costs.
β’ Rating: OVERWEIGHT
β’ Target Price cut to βΉ1,260 from βΉ1,310.
β’ Q2 FY27 delivered strong operating performance.
β’ Growth guidance upgrade was better than expected.
β’ JP Morgan's preferred pick in the NBFC sector.
β’ Management focused on protecting RoA amid NIM pressure risks from higher funding costs.
HFCL:
THE DEFENSE BUSINESS IS PROJECTED TO ACHIEVE INR500-600 CR IN REVENUE FOR FY '27, AT LEAST INR2,000 CR NEXT YEAR (FY '28), AND AN ASPIRATION OF AROUND INR5,000 CR WITHIN A THREE-YEAR TIMEFRAME
THE ACQUISITION OF AN AEROSPACE BUSINESS, EXPECTED TO COMPLETE IN THE CURRENT QUARTER (Q3 FY '27), HAS AN EXISTING ORDER BOOK OF APPROXIMATELY INR1,600-1,800 CRORES, CONTRIBUTING TO REVENUE FROM THIS QUARTER. - CONCALL UPDATE
THE DEFENSE BUSINESS IS PROJECTED TO ACHIEVE INR500-600 CR IN REVENUE FOR FY '27, AT LEAST INR2,000 CR NEXT YEAR (FY '28), AND AN ASPIRATION OF AROUND INR5,000 CR WITHIN A THREE-YEAR TIMEFRAME
THE ACQUISITION OF AN AEROSPACE BUSINESS, EXPECTED TO COMPLETE IN THE CURRENT QUARTER (Q3 FY '27), HAS AN EXISTING ORDER BOOK OF APPROXIMATELY INR1,600-1,800 CRORES, CONTRIBUTING TO REVENUE FROM THIS QUARTER. - CONCALL UPDATE
π2
US SECRETARY OF STATE MARCO RUBIO
ON MUSK, RELIANCE & IRAN
Trump has nothing to do with Musk or Starlink decisions.
US had no prior knowledge of Starlink decisions related to Ukraine.
Reliance has large investments in the US.
Reliance has extensive refining capabilities.
Will discuss heavy crude refining with Reliance.
Hopeful of identifying other areas of cooperation.
Welcomes mediation efforts on Iran.
Confirms Witkoff had a positive meeting with Zelenskyy.
ON MUSK, RELIANCE & IRAN
Trump has nothing to do with Musk or Starlink decisions.
US had no prior knowledge of Starlink decisions related to Ukraine.
Reliance has large investments in the US.
Reliance has extensive refining capabilities.
Will discuss heavy crude refining with Reliance.
Hopeful of identifying other areas of cooperation.
Welcomes mediation efforts on Iran.
Confirms Witkoff had a positive meeting with Zelenskyy.
UNION BANK says Expect Deposit Growth To Surge Over 10% | Expect To Transmit The Entire Repo Rate Hike
HIND ZINCAMARENDU PRAKASH
Have Hedged 40,000 Tonne At $3,500/tonne & 36,000 Tonne At $3,700/tonne In Lead
FY27 Volume Guidance For Refined Metal At 11 Lk Tonne & Silver At 680 Tonne
Revise Cost Of Production Guidance From $975-1,000/tonne ΀ο $825-850/tonne For FY27
Board Approval For Phase 2 Is Expected Soon To Get To 2 mt Capacity
Separating Silver Biz Is A Board Decision Which Will Be Taken At An Appropriate Time
Have Hedged 40,000 Tonne At $3,500/tonne & 36,000 Tonne At $3,700/tonne In Lead
FY27 Volume Guidance For Refined Metal At 11 Lk Tonne & Silver At 680 Tonne
Revise Cost Of Production Guidance From $975-1,000/tonne ΀ο $825-850/tonne For FY27
Board Approval For Phase 2 Is Expected Soon To Get To 2 mt Capacity
Separating Silver Biz Is A Board Decision Which Will Be Taken At An Appropriate Time
β€2
π’ OBEROI REALTY: PL UPGRADES TO BUY
β’ Rating upgraded to BUY from Accumulate.
β’ Target Price: βΉ2,100.
β’ Valuation based on DCF/SOTP.
β’ Q2 FY27 performance was largely in line with estimates.
β’ Strong pre-sales supported by the successful launch of the 360 North project in Gurugram.
β’ Rating upgraded to BUY from Accumulate.
β’ Target Price: βΉ2,100.
β’ Valuation based on DCF/SOTP.
β’ Q2 FY27 performance was largely in line with estimates.
β’ Strong pre-sales supported by the successful launch of the 360 North project in Gurugram.
Eternal to announce its Q2 earnings today:
Key things to watch out for:
βΆοΈFood delivery NOV to grow 18-20% YoY
βΆοΈBlinkit NOV growth to be strong at 80% YoY & 18-20% QoQ
βΆοΈImpact of festive season shift
Key things to watch out for:
βΆοΈFood delivery NOV to grow 18-20% YoY
βΆοΈBlinkit NOV growth to be strong at 80% YoY & 18-20% QoQ
βΆοΈImpact of festive season shift
UNION BANK says
Expect Deposit Growth To Surge Over 10% | Expect To Transmit The Entire Repo Rate Hike
Expect To Transmit The Entire Repo Rate Hike | Bank Is Trying To Build Up On The Efficiencies
Every Rate Hike Of 25 Bps Will Increase NIM By 5 Bps Per Quarter
Bank Continues To Focus On CASA Growth
Not seen stress in Agri Portfolio Due To Drought
Don't Think 50 Bps Rate Hike Will Impact NPAs
Expect Deposit Growth To Surge Over 10% | Expect To Transmit The Entire Repo Rate Hike
Expect To Transmit The Entire Repo Rate Hike | Bank Is Trying To Build Up On The Efficiencies
Every Rate Hike Of 25 Bps Will Increase NIM By 5 Bps Per Quarter
Bank Continues To Focus On CASA Growth
Not seen stress in Agri Portfolio Due To Drought
Don't Think 50 Bps Rate Hike Will Impact NPAs
JAIRAM SRIDHARAN PIRAMAL FINANCE
IRDAI Paper Is A Material Event For NBFCs Including Piramal Finance
See 18-24 bps RoA Impact Due To IRDAI Regulations
Revenue & Profit Before Tax Will Surely Be Impacted From The IRDAI Regulation
1/3rd Of Fee Income Comes From Insurance
Insurance Is A Pushed Product, & People Need To Be Convinced For That
IRDAI Paper Is A Material Event For NBFCs Including Piramal Finance
See 18-24 bps RoA Impact Due To IRDAI Regulations
Revenue & Profit Before Tax Will Surely Be Impacted From The IRDAI Regulation
1/3rd Of Fee Income Comes From Insurance
Insurance Is A Pushed Product, & People Need To Be Convinced For That
Govt may hike fdi in psu banks soon - zee biz exclusive
Canara bank sbi bank all psu in focus
Canara bank sbi bank all psu in focus
UPDATE ON PSU BANKS - PREPARATIONS TO INCREASE FDI LIMIT IN PSU BANKS FROM 20% TO 49%
Jio Platforms IPO gets fully subscribed on Day 1 of issue
QIB portion subscribed 3.25x as of 10:36 am
NII subscription 0.26x; retail portion subscribed 0.23x
QIB portion subscribed 3.25x as of 10:36 am
NII subscription 0.26x; retail portion subscribed 0.23x
π3π€·ββ2π2β€1
π CONCOR: Q2 FY27 PHYSICAL VOLUMES
β’ Total throughput: 14.48 lakh TEUs, up 0.53% YoY.
β’ EXIM throughput: 10.93 lakh TEUs, down 0.07% YoY.
β’ Domestic throughput: 3.56 lakh TEUs, up 2.43% YoY.
H1 FY27 (AprilβSeptember)
β’ Total throughput: 28.53 lakh TEUs, up 4.48% YoY.
β’ EXIM throughput: 21.62 lakh TEUs, up 4.57% YoY.
β’ Domestic throughput: 6.91 lakh TEUs, up 4.22% YoY.
β’ Total throughput: 14.48 lakh TEUs, up 0.53% YoY.
β’ EXIM throughput: 10.93 lakh TEUs, down 0.07% YoY.
β’ Domestic throughput: 3.56 lakh TEUs, up 2.43% YoY.
H1 FY27 (AprilβSeptember)
β’ Total throughput: 28.53 lakh TEUs, up 4.48% YoY.
β’ EXIM throughput: 21.62 lakh TEUs, up 4.57% YoY.
β’ Domestic throughput: 6.91 lakh TEUs, up 4.22% YoY.
AYE FINANCE Q2 FY27
Net Profit: βΉ87 Cr β151% YoY | β16% QoQ
Revenue: βΉ514 Cr β18% YoY | β8% QoQ
Operating Profit: βΉ254 Cr β49% YoY | β15% QoQ
Operating Profit Margin: 49.4% vs 39.1% YoY | 46.4% QoQ
Other Income: βΉ13 Cr vs βΉ10 Cr YoY | βΉ12 Cr QoQ
Net Profit: βΉ87 Cr β151% YoY | β16% QoQ
Revenue: βΉ514 Cr β18% YoY | β8% QoQ
Operating Profit: βΉ254 Cr β49% YoY | β15% QoQ
Operating Profit Margin: 49.4% vs 39.1% YoY | 46.4% QoQ
Other Income: βΉ13 Cr vs βΉ10 Cr YoY | βΉ12 Cr QoQ