INSURANCE STOCKS
Secretary DFS held a meeting with CEOs of all private sector life insurance companies
Secretary discusses the key concerns, latest developments and way forward for the industry
Insurers were told to adopt seamless claims and customer feedback mechanism
Issues related to prevention of frauds also discussed
DFS Secretary instructed companies to enhance affordability of life insurance products
Secretary DFS held a meeting with CEOs of all private sector life insurance companies
Secretary discusses the key concerns, latest developments and way forward for the industry
Insurers were told to adopt seamless claims and customer feedback mechanism
Issues related to prevention of frauds also discussed
DFS Secretary instructed companies to enhance affordability of life insurance products
PRESTIGE ESTATES Chairman Says FY25 brought both wins and hurdles. While some project approvals were delayed, Q4 saw strong sales and rising realizations.
Demand for quality real estate stayed high, and our premium, customer-focused approach drove solid growth in per square foot returns.
Demand for quality real estate stayed high, and our premium, customer-focused approach drove solid growth in per square foot returns.
RAJPUTANA BIO: WINS RS 30 CR ORDER
Rajputana Biodiesel Ltd. and its subsidiary Nirvaanraj Energy Pvt. Ltd. received LOIs on April 16, 2025, for 3,543 KL of biodiesel worth approx. Rs. 30 crores for April–July 2025.
Additional LOIs are expected soon, as bid results for remaining volumes are still awaited.
Rajputana Biodiesel Ltd. and its subsidiary Nirvaanraj Energy Pvt. Ltd. received LOIs on April 16, 2025, for 3,543 KL of biodiesel worth approx. Rs. 30 crores for April–July 2025.
Additional LOIs are expected soon, as bid results for remaining volumes are still awaited.
MORGAN STANLEY ON CONSUMER DISCRETIONARY
Downgrades Vedant Fashion To 'Equal-Weight'; Cuts Target Price To ₹850 From ₹1,194
Upgrades Aditya Birla Fashion To 'Equal-Weight'; Cuts Target Price To ₹269 From ₹271
Maintains 'Overweight' On Trent; Cuts Target Price To ₹6,359 From ₹7,184
Maintains 'Overweight' On Brainbees; Cuts Target Price To ₹574 From ₹719
Discretionary Landscape Remains Largely Localised From Both Sourcing & End-Market Perspective
Continue To Back Businesses With Moats As Well As Disrupters & Self Help Stories
Multiple Compression Likely On Cards Where Medium-Term Growth Outlook Is Unclear
Do Not Think Market Will Buy On A Broad-Brush Basis Anymore
Market Leaders That Are Able To Defend Their Turf Include Titan & Vishal MegaMart
Disrupters & Self-help Stories Life Trent & Jubilant FoodWorks
Jury Is Still Out Whether Aditya Birla Fashion Will Be Able To Execute Ambitious Growth Agenda
Vedant Fashion Has Runway To Growth, But Might % Also Come At The Cost Of EBITDA Margin
#Stocks #Consumer #Discretionary #Companyupdate
Downgrades Vedant Fashion To 'Equal-Weight'; Cuts Target Price To ₹850 From ₹1,194
Upgrades Aditya Birla Fashion To 'Equal-Weight'; Cuts Target Price To ₹269 From ₹271
Maintains 'Overweight' On Trent; Cuts Target Price To ₹6,359 From ₹7,184
Maintains 'Overweight' On Brainbees; Cuts Target Price To ₹574 From ₹719
Discretionary Landscape Remains Largely Localised From Both Sourcing & End-Market Perspective
Continue To Back Businesses With Moats As Well As Disrupters & Self Help Stories
Multiple Compression Likely On Cards Where Medium-Term Growth Outlook Is Unclear
Do Not Think Market Will Buy On A Broad-Brush Basis Anymore
Market Leaders That Are Able To Defend Their Turf Include Titan & Vishal MegaMart
Disrupters & Self-help Stories Life Trent & Jubilant FoodWorks
Jury Is Still Out Whether Aditya Birla Fashion Will Be Able To Execute Ambitious Growth Agenda
Vedant Fashion Has Runway To Growth, But Might % Also Come At The Cost Of EBITDA Margin
#Stocks #Consumer #Discretionary #Companyupdate
MOTILAL OSWAL ON AVALON TECH
Retains 'Buy' With Target Price Of ₹970 (17% Upside)
India's EMS Space Is Believed To Be In A Favorable Situation Vs Peer Countries
EMS Sector May See Gradual Shift Of Some Business From China To India In Mid-To-Long Term
China Exported Nearly 20% Of Total Electrical Machinery To US In CY24 Vs India's 1.7%
Avalon Has 58% Of Its Revenue From US Customers In 9M FY25
Avalon's Cost-Plus Structure On Products Would Mitigate Margin Pressures Due To Tariffs
Well-Established Manufacturing Presence In In US With 12% US Manufacturing Revenue
Retains 'Buy' With Target Price Of ₹970 (17% Upside)
India's EMS Space Is Believed To Be In A Favorable Situation Vs Peer Countries
EMS Sector May See Gradual Shift Of Some Business From China To India In Mid-To-Long Term
China Exported Nearly 20% Of Total Electrical Machinery To US In CY24 Vs India's 1.7%
Avalon Has 58% Of Its Revenue From US Customers In 9M FY25
Avalon's Cost-Plus Structure On Products Would Mitigate Margin Pressures Due To Tariffs
Well-Established Manufacturing Presence In In US With 12% US Manufacturing Revenue
Secretary DFS held a meeting with CEOs of all private sector life insurance companies
Secretary discusses the key concerns, latest developments and way forward for the industry
Insurers were told to adopt seamless claims and customer feedback mechanism
Issues related to prevention of frauds also discussed
DFS Secretary instructed companies to enhance affordability of life insurance products
Secretary discusses the key concerns, latest developments and way forward for the industry
Insurers were told to adopt seamless claims and customer feedback mechanism
Issues related to prevention of frauds also discussed
DFS Secretary instructed companies to enhance affordability of life insurance products
ACTION FOR DAY
U.S: jobless claims, Philadelphia Fed manufacturing index
Eurozone: ECB rate decision+ ECB President Christine Lagarde to speak post rate decision.
Q4 earnings-Nifty: HDFC Life, Infosys, Jio Financial/Other: HDFC AMC
IDFC First Bank, Adani Ports to mull fundraising
Italian Prime Minister Giorgia Meloni to discuss tariffs with President Donald Trump at the White House.
IMF Director Kristalina Georgieva to speak.
U.S: jobless claims, Philadelphia Fed manufacturing index
Eurozone: ECB rate decision+ ECB President Christine Lagarde to speak post rate decision.
Q4 earnings-Nifty: HDFC Life, Infosys, Jio Financial/Other: HDFC AMC
IDFC First Bank, Adani Ports to mull fundraising
Italian Prime Minister Giorgia Meloni to discuss tariffs with President Donald Trump at the White House.
IMF Director Kristalina Georgieva to speak.
Investec on Angel One
Maintain Buy with target price of Rs 2,700
PAT in-line due to one-off saving in employee costs
Some traction in new initiatives; however just 3% of net revenue
Maintain Buy with target price of Rs 2,700
PAT in-line due to one-off saving in employee costs
Some traction in new initiatives; however just 3% of net revenue
PRESTIGE ESTATES MISSES FY25 PRE SALES GUIDANCE
FY25 PRE SALES AT 17,023 CR V 24,000 CR GUIDANCE
FY25 PRE SALES AT 17,023 CR V 24,000 CR GUIDANCE
PURVANKARA; Planned 13 msf of launches in FY25 vs opened 3 msf for sale during FY25
AMUNDI ,FLORIAN NETO Says India is our preferred country w.r.t Asian equities, it is our max overweight call - CNBCTV 18
Prefer domestic facing equity stories in Asia including India, China & Philippines
Have been reducing positions in South Korea & Taiwan as they will be impacted by tariffs
Indian valuations are not cheap at 20x for quality large caps
Believe that S&P 500 mkts will be higher by the end of the year
Disinflation story in Asia is making Asian fixed income look attractive
Prefer domestic facing equity stories in Asia including India, China & Philippines
Have been reducing positions in South Korea & Taiwan as they will be impacted by tariffs
Indian valuations are not cheap at 20x for quality large caps
Believe that S&P 500 mkts will be higher by the end of the year
Disinflation story in Asia is making Asian fixed income look attractive
WIPRO Management says There is uncertainty in the mkt, hope it settles in the next few months - CNBCTV 18
See delays in start of new projects & discretionary spends due to uncertainty
Majority of the deals are for cost optimisation, which will continue
Q1 focus will be to convert the deal pipeline into wins
Endeavour to hold margin in narrow band, at approx 17%+
There is a pricing pressure for sure, many large deals are for vendor consolidation & cost takeout
See delays in start of new projects & discretionary spends due to uncertainty
Majority of the deals are for cost optimisation, which will continue
Q1 focus will be to convert the deal pipeline into wins
Endeavour to hold margin in narrow band, at approx 17%+
There is a pricing pressure for sure, many large deals are for vendor consolidation & cost takeout
Jefferies on Pharma
Pharma tariffs coming: Expect the unexpected
Believe generics won't be exempted but could be better placed to pass on the tariffs' impact than branded drugs
Assuming 25% tariffs are imposed, contrary to market expectations
Pharma tariffs coming: Expect the unexpected
Believe generics won't be exempted but could be better placed to pass on the tariffs' impact than branded drugs
Assuming 25% tariffs are imposed, contrary to market expectations
IDFC FIRST; Bank To Allot 43.71 Cr Compulsorily Convertible Pref Shrs At ₹60/sh To Platinum Invictus
INFOSYS DOWN 1.5 % AHEAD Q4 RESULT. .. ALL EYES ON FY26 GUIDANCE , EXPECTED TO BE LOWER V FY25 GUIDANCE
IDFC FIRST CEO Says Warburg Pincus Has Invested In The Bank, Platinum Is A Subsidiary Of ADIA
Bank Needed Capital, Hence, I Reached Out To Them
Warburg & ADIA Made Money Last Time They Invested, Hence They Were Keen On Coming Back
Bank Needed Capital, Hence, I Reached Out To Them
Warburg & ADIA Made Money Last Time They Invested, Hence They Were Keen On Coming Back
IDFC FIRST CEO Says Issuance Of Shares Will Lead To A Dilution Of Around 15% ( Big Dilution )
EASEMYTRIP; Clarification On ED Raid
Co. says While EaseMyTrip has no direct or indirect association with the Mahadev Betting App or any other betting platform, we remain fully committed to cooperating with the authorities throughout the course of the investigation
Co. says While EaseMyTrip has no direct or indirect association with the Mahadev Betting App or any other betting platform, we remain fully committed to cooperating with the authorities throughout the course of the investigation
MAHINDRA LIFESPACE; Company is undertaking launch of a residential project, ‘Mahindra NewHaven’ at Bengaluru South
Aster DM Healthcare plans to be a pan-India player; will plan to look at markets other than South & Central India" says Alisha Moopen of Aster DM Healthcare India.Hoping to get NCLT approval to come by Q4 of this year
Will start seeing synergies benefits from the beginning of FY27
Will start to see some benefits as the company starts negotiating with vendors
For merged entity of the combined EBITDA, 50% will be from Kerala
Company plans to diversify further to other cities
Company will plan to look at markets other than South & Central India
Company plans to be a pan-India player
The merger will build clinical capabilities
ALISHA MOOPEN
Will start seeing synergies benefits from the beginning of FY27
Will start to see some benefits as the company starts negotiating with vendors
For merged entity of the combined EBITDA, 50% will be from Kerala
Company plans to diversify further to other cities
Company will plan to look at markets other than South & Central India
Company plans to be a pan-India player
The merger will build clinical capabilities
ALISHA MOOPEN