#Motilal Oswal Financial Services

[vedantbhoomidigital]

Mutual funds have a lot of cash

Equity mutual fund (MF) schemes are flush with cash despite record amount of investments in the last five weeks amid a 10 per cent fall in Nifty. A report released by Motilal Oswal Financial Services shows that by the end of October, equity schemes of top-20 fund houses held 5.5 per cent of the portfolio in cash (…).

[netoday]

Motilal Oswal Internship Notification 2024 Apply Before 29th November

Motilal Oswal Internship Notification 2024: Motilal Oswal Financial Services is inviting applications for the post of Human Resources Intern for the year 2024. Here is everything that you need to know about this Motilal Oswal Internship. Read the full article

[ryz-market]

Tata Mutual Fund picks 0.06% stake in Motilal Oswal Financial Services.

[altiusinvestech]

Is Investing in Motilal Oswal Home Finance Unlisted Shares Worth It?

Investing in Motilal Oswal Home Finance Ltd might be an extremely intriguing choice currently, especially for those interested in diversifying their portfolios while tapping into the finance sector. Having an understanding of the company’s financial performance, growth prospects, and market position is crucial before making any decision on investment.

Overview of the Company

Motilal Oswal Home Finance Limited (MOHFL) is a subsidiary of Motilal Oswal Financial Services Limited or MOFSL and was established in the year 2013. It operates across 12 states in the country, primarily focusing on affordable housing loans. The organization has the aim of promoting financial inclusion by offering home loans to lower-income groups. MOHFL also collaborates with government initiatives like the Pradhan Mantri Awas Yojana or PMAY, which boosts its outreach in the affordable housing segment.

Buy Motilal Oswal Home Finance Unlisted Shares from Altius Investech!

Current Financial Performance(2023-2024)

1) Profits and Growth of Revenues

In 2024, the company reported a loan book of Rs 4,031.77 crore, showing a 6% year-on-year growth.

Despite a slight dip in profit (Rs 132 crore, down from Rs 136 crore in 2023), it maintains a steady trajectory, supported by stable disbursements, which crossed the 1,000 crore mark.

2) Net Interest Margin or NIM

The NIM has improved to 7.7% in FY 2024 from 7.6% in 2023, reflecting a healthier interest spread and better cost management.

3) Quality of Asset

Gross Non-Performing Assets (GNPA) have improved to 0.86%, while Net NPA stands at 0.55% as of March 2024, indicating robust asset management​

4) Debt-Equity Ratio & Capital Adequacy

MOHFL has a debt-to-equity ratio of 1.96x, which is manageable for a housing finance company. It also maintains a strong capital adequacy ratio of 50.49%, suggesting sufficient capital buffers for growth and risk management.

Investment Rationale

1) Potential for Growth in Affordable Housing

The company is strategically placed in the affordable housing market and has enjoyed government assistance through a variety of policies, such as the PMAY tax incentive and other incentives. These aspects, in conjunction with the growing urbanization rate, and the need for housing that is affordable could help support the company's future expansion.

2) Unlisted Share Volatility & Returns:

Unlisted shares have displayed fluctuations, fluctuating between INR 13 and 15 in the last year. While they're not as liquid as publicly traded ones, they have the possibility for capital gains, particularly if MOHFL decides to go public in the near future.

3) Risks to Consider

Similar to other unlisted investments MOHFL's shares can be vulnerable to a limited amount of liquidity as well as regulatory changes and market risk. MOHFL's financial performance has been steady, but investors should be aware of the wider economy and its effect on the housing finance industry like changes in interest rates and changes in the policy of the government.

Final Thoughts

Investing in MOHFL unlisted shares through Altius Investech could be worthwhile for investors seeking exposure to India’s growing affordable housing sector. However, the decision should be based on personal risk appetite, investment horizon, and due diligence. The stock's potential for returns is linked to the broader market dynamics, company performance, and eventual listing prospects. For those with a long-term perspective and a tolerance for unlisted market risks, MOHFL could be a promising opportunity.

[news365timesindia]

[ad_1] Axis Bank Q2 results 2024 preview, date: Axis Bank is set to report its July-September quarter (Q2) results for financial year 2024-25 (FY25) on Thursday, October 17. Brokerages, on average, expect Axis Bank to report net profit growth in low double digits, on a year-on-year (Y-o-Y) basis, on the back of tepid loan growth and other income.   In the corresponding quarter of the previous year (Q2 FY24), Axis Bank had reported a net profit of Rs 5,863.6 crore. The same was Rs 6,034.6 crore in the previous quarter of the current financial year (Q1 FY25).   Click here to connect with us on WhatsApp  Operationally, Axis Bank saw a net interest income (NII) of Rs 12,314.6 crore in Q2 FY24, and Rs 13,448.2 crore in Q1 FY25. Its pre-provision profit was Rs 8,631.9 crore and Rs 10,106.2 crore, respectively.   Here's what to expect from Axis Bank Q2 results 2024 on October 17: Nomura The Japan-based brokerage has shared estimates on the conservative side. It expects Axis Bank Q2 net profit to come around Rs 6,330 crore, up 8 per cent Y-o-Y and 5 per cent Q-o-Q.   This, Nomura said, could be due to higher provisions over the previous year. It sees Q2 FY25 provisions at Rs 1,890 crore, up 132 per cent Y-o-Y over Rs 810 crore set aside last year. Sequentially, it would be a 7 per cent decline from approximately Rs 2,040 crore seen in Q1 FY25.   On the business side, Nomura expects Axis Bank's Q2 FY25 loans to come around Rs 9.95 trillion, clocking a growth of 11 per cent Y-o-Y and barely 2 per cent Q-o-Q.   Similarly, Deposits are seen at Rs 10.89 trillion, up 14 per cent Y-o-Y and 2 per cent Q-o-Q.   Motilal Oswal Financial Services Domestic brokerage Motilal Oswal Financial estimates Axis Bank's Q2 profit after tax at Rs 6,630 crore, up 13 per cent Y-o-Y.   Operationally, MOFSL expects NII to rise around 11 per cent Y-o-Y to Rs 13,630 crore. Including the 'Other income' of Rs 6,070 crore, 'Total income' of Axis Bank at the end of Q2 FY25 could stand at Rs 19,700 crore, MOFSL said.   "We expect Axis Bank's credit-deposit (CD) ratio, along with cost ratios, to remain elevated in Q2 FY25. We also expect margin to moderate in Q2," it said.   Motilal Oswal pegs Axis Bank's Loan book at Rs 10.1 trillion, a growth of 12.1 per cent Y-o-Y. Meanwhile, Deposits are seen at Rs 11. trillion, up 15.8 per cent Y-o-Y.   The brokerage, which anticipates Axis Bank's gross non-performing asset (GNPA) ratio to rise to 1.6 per cent from 1.5 per cent Q-o-Q, said that the lender's asset quality will be among key monitorables.   It expects NNPA to see a marginal uptick to 0.4 per cent from 0.3 per cent Q-o-Q.   Prabhudas Lilladher Institutional Equities Projecting a muted growth on a quarterly basis, the brokerage said Axis Bank may report NII at Rs 13,608.5 crore in Q2 FY25, up 10.5 per cent Y-o-Y and 1.2 per cent Q-o-Q.   It sees flat pre-provision profit at Rs 10,106.3 crore on a sequential basis. This would, however, be a 17.1 per cent yearly growth.   A near 88-per cent Y-o-Y surge in provisions, at Rs 1,529.5 crore for the quarter, may cap net profit rise to 9.7 per cent Y-o-Y, PL said. It sees PAT at Rs 6,432.6 crore for Q2 FY25.   It expects net interest margin (NIM) to contract by 19 basis points Y-o-Y and 9bps Q-o-Q to 4 per cent.   "Loan growth may bounce back Q-o-Q; NIM is expected to decrease by 9bps Q-o-Q to 4.00 per cent due to increased cost of funds (CoFs). PPoP, too, is likely to remain flat Q-o-Q due to increase in opex setoff by increase in other Income," the brokerage said.   Kotak Institutional Equities Kotak Institutional Equities is factoring-in a loan growth of around 11 per cent Y-o-Y (2 per cent Q-o-Q). This brings NIM projection to 3.8 per cent (down 19 bps Y-o-Y/6 bps Q-o-Q) as it sees re-pricing of funds to be behind the lender. Fee income growth, it said, should be sluggish, reflecting weak loan growth.

  Further, Kotak Institutional Equities said Axis Bank's slippages may come at Rs 5000 crore (around 2 per cent of loans), mostly led by retail. Key monitorables would be slippages, especially from the unsecured segment, deposit mobilisation, and NIM progression   Overall, it pegs Axis Bank Q2 NII at Rs 13,383.7 crore, Axis Bank Q2 pre-provision profit at Rs 9,761.7 crore; Axis Bank Q2 PAT at Rs 6,114 crore.   Nuvama Institutional Equities Axis Bank's Q2 2024 NII, Nuvama Institutional Equities said, is expected to grow 1.8 per cent Q-o-Q and 11.2 per cent Y-o-Y. Including Other Income, Total Income may stand at Rs 19,688.9 crore (up 13 per cent Y-o-Y and 2 per cent Q-o-Q). Margin may decline by 3bps.   YES Securities YES Securities said Axis Bank's sequential loan growth will be in the 3.5-per cent ballpark due to idiosyncratic growth trajectory. NII growth, it added, may be marginally slower than average loan growth due to rise in cost of deposits outpacing yield on advances.   It pegs NII at Rs 13,751.2 crore, up 11.7 per cent Y-o-Y and 2.3 per cent Q-o-Q.   Consequently, NIM may fall sequentially. Further, opex growth may lag business growth, while slippages could be lower on sequential basis due to seasonality.   Provisions, too, will lower on a sequential basis, YES Securities said for Axis Bank.   It sees Axis Bank Q2 net profit at Rs 6,710.4 crore, up 14.4 per cent Y-o-Y and 11.2 per cent Q-o-Q.   [ad_2] Source link

[news365times]

[ad_1] Axis Bank Q2 results 2024 preview, date: Axis Bank is set to report its July-September quarter (Q2) results for financial year 2024-25 (FY25) on Thursday, October 17. Brokerages, on average, expect Axis Bank to report net profit growth in low double digits, on a year-on-year (Y-o-Y) basis, on the back of tepid loan growth and other income.   In the corresponding quarter of the previous year (Q2 FY24), Axis Bank had reported a net profit of Rs 5,863.6 crore. The same was Rs 6,034.6 crore in the previous quarter of the current financial year (Q1 FY25).   Click here to connect with us on WhatsApp  Operationally, Axis Bank saw a net interest income (NII) of Rs 12,314.6 crore in Q2 FY24, and Rs 13,448.2 crore in Q1 FY25. Its pre-provision profit was Rs 8,631.9 crore and Rs 10,106.2 crore, respectively.   Here's what to expect from Axis Bank Q2 results 2024 on October 17: Nomura The Japan-based brokerage has shared estimates on the conservative side. It expects Axis Bank Q2 net profit to come around Rs 6,330 crore, up 8 per cent Y-o-Y and 5 per cent Q-o-Q.   This, Nomura said, could be due to higher provisions over the previous year. It sees Q2 FY25 provisions at Rs 1,890 crore, up 132 per cent Y-o-Y over Rs 810 crore set aside last year. Sequentially, it would be a 7 per cent decline from approximately Rs 2,040 crore seen in Q1 FY25.   On the business side, Nomura expects Axis Bank's Q2 FY25 loans to come around Rs 9.95 trillion, clocking a growth of 11 per cent Y-o-Y and barely 2 per cent Q-o-Q.   Similarly, Deposits are seen at Rs 10.89 trillion, up 14 per cent Y-o-Y and 2 per cent Q-o-Q.   Motilal Oswal Financial Services Domestic brokerage Motilal Oswal Financial estimates Axis Bank's Q2 profit after tax at Rs 6,630 crore, up 13 per cent Y-o-Y.   Operationally, MOFSL expects NII to rise around 11 per cent Y-o-Y to Rs 13,630 crore. Including the 'Other income' of Rs 6,070 crore, 'Total income' of Axis Bank at the end of Q2 FY25 could stand at Rs 19,700 crore, MOFSL said.   "We expect Axis Bank's credit-deposit (CD) ratio, along with cost ratios, to remain elevated in Q2 FY25. We also expect margin to moderate in Q2," it said.   Motilal Oswal pegs Axis Bank's Loan book at Rs 10.1 trillion, a growth of 12.1 per cent Y-o-Y. Meanwhile, Deposits are seen at Rs 11. trillion, up 15.8 per cent Y-o-Y.   The brokerage, which anticipates Axis Bank's gross non-performing asset (GNPA) ratio to rise to 1.6 per cent from 1.5 per cent Q-o-Q, said that the lender's asset quality will be among key monitorables.   It expects NNPA to see a marginal uptick to 0.4 per cent from 0.3 per cent Q-o-Q.   Prabhudas Lilladher Institutional Equities Projecting a muted growth on a quarterly basis, the brokerage said Axis Bank may report NII at Rs 13,608.5 crore in Q2 FY25, up 10.5 per cent Y-o-Y and 1.2 per cent Q-o-Q.   It sees flat pre-provision profit at Rs 10,106.3 crore on a sequential basis. This would, however, be a 17.1 per cent yearly growth.   A near 88-per cent Y-o-Y surge in provisions, at Rs 1,529.5 crore for the quarter, may cap net profit rise to 9.7 per cent Y-o-Y, PL said. It sees PAT at Rs 6,432.6 crore for Q2 FY25.   It expects net interest margin (NIM) to contract by 19 basis points Y-o-Y and 9bps Q-o-Q to 4 per cent.   "Loan growth may bounce back Q-o-Q; NIM is expected to decrease by 9bps Q-o-Q to 4.00 per cent due to increased cost of funds (CoFs). PPoP, too, is likely to remain flat Q-o-Q due to increase in opex setoff by increase in other Income," the brokerage said.   Kotak Institutional Equities Kotak Institutional Equities is factoring-in a loan growth of around 11 per cent Y-o-Y (2 per cent Q-o-Q). This brings NIM projection to 3.8 per cent (down 19 bps Y-o-Y/6 bps Q-o-Q) as it sees re-pricing of funds to be behind the lender. Fee income growth, it said, should be sluggish, reflecting weak loan growth.

  Further, Kotak Institutional Equities said Axis Bank's slippages may come at Rs 5000 crore (around 2 per cent of loans), mostly led by retail. Key monitorables would be slippages, especially from the unsecured segment, deposit mobilisation, and NIM progression   Overall, it pegs Axis Bank Q2 NII at Rs 13,383.7 crore, Axis Bank Q2 pre-provision profit at Rs 9,761.7 crore; Axis Bank Q2 PAT at Rs 6,114 crore.   Nuvama Institutional Equities Axis Bank's Q2 2024 NII, Nuvama Institutional Equities said, is expected to grow 1.8 per cent Q-o-Q and 11.2 per cent Y-o-Y. Including Other Income, Total Income may stand at Rs 19,688.9 crore (up 13 per cent Y-o-Y and 2 per cent Q-o-Q). Margin may decline by 3bps.   YES Securities YES Securities said Axis Bank's sequential loan growth will be in the 3.5-per cent ballpark due to idiosyncratic growth trajectory. NII growth, it added, may be marginally slower than average loan growth due to rise in cost of deposits outpacing yield on advances.   It pegs NII at Rs 13,751.2 crore, up 11.7 per cent Y-o-Y and 2.3 per cent Q-o-Q.   Consequently, NIM may fall sequentially. Further, opex growth may lag business growth, while slippages could be lower on sequential basis due to seasonality.   Provisions, too, will lower on a sequential basis, YES Securities said for Axis Bank.   It sees Axis Bank Q2 net profit at Rs 6,710.4 crore, up 14.4 per cent Y-o-Y and 11.2 per cent Q-o-Q.   [ad_2] Source link

[forblogmostly]

Motilal Oswal's Strategic Investment in PTC Industries: A Significant Boost as the Company Raises ₹700 Crore via QIP

In a significant financial move, PTC Industries Limited, a key player in the manufacturing and technology sectors, has successfully raised ₹700 crore through a Qualified Institutional Placement (QIP). This fundraising effort marks a crucial milestone in the company’s growth strategy, with a notable investment of over ₹210 crore coming from the prominent financial services firm Motilal Oswal. This investment highlights the growing confidence in PTC Industries' business prospects and its strategic importance in the market.

The QIP, which saw the issuance of 5.3 lakh equity shares, was conducted at an issue price of ₹13,199.7 per share. This price represented a 5% discount to the floor price, making it an attractive opportunity for institutional investors. The significant participation of Motilal Oswal underscores the firm's belief in the long-term potential of PTC Industries. Specifically, Motilal Oswal’s Large and Midcap Fund acquired 1 lakh shares, while its Long Term Equity Fund purchased an additional 59,236 shares. This combined acquisition, totaling 1.59 lakh shares, amounted to an investment of just over ₹210 crore, effectively giving Motilal Oswal a 30 percent stake in the total QIP issue.

The participation of Motilal Oswal in the QIP is not only a vote of confidence in PTC Industries' current operations but also a strategic move that aligns with the fund’s long-term investment objectives. Alongside Motilal Oswal, other significant players in the financial sector, including HSBC and Societe Generale, also participated in the QIP. HSBC invested ₹130 crore, while Societe Generale contributed ₹60 crore, further diversifying the investor base and adding to the financial strength of PTC Industries.

PTC Industries is known for its extensive manufacturing capabilities, particularly in the production of earth-moving equipment, fork and machine tools, pumps, and spare parts. The company is also a significant exporter of stainless steel castings and non-ferrous alloys, supplying critical components to various industries worldwide. This diverse portfolio has positioned PTC Industries as a reliable supplier in both domestic and international markets.

The timing of this QIP is particularly noteworthy given the current performance of PTC Industries' stock. At the time of the QIP announcement, the stock was trading at ₹14,470.70 per share on the National Stock Exchange (NSE), reflecting a marginal increase of 0.31 percent. The company’s stock has been on an impressive upward trajectory, rising by 72.47 percent over the last six months. Moreover, in 2024 alone, PTC Industries has delivered a remarkable 118.04 percent return on the Bombay Stock Exchange (BSE), solidifying its status as a multibagger stock. Over the past year, the stock has appreciated by 141.72 percent, demonstrating the company’s robust financial performance and the market’s positive sentiment towards its future growth.

PTC Industries’ recent success is not limited to financial achievements. In June 2024, the company announced a strategic partnership with leading defense entities under the Defence Testing Infrastructure Scheme (DTIS). This collaboration is part of the Indian government’s 'Make in India' initiative, aimed at bolstering domestic production capabilities in the defense and aerospace sectors. As part of this initiative, PTC Industries is developing a state-of-the-art greenfield defense testing facility at the Lucknow Node of the Uttar Pradesh Defence Industrial Corridor. This facility is expected to play a crucial role in enhancing India’s defense manufacturing infrastructure, further positioning PTC Industries as a key contributor to the nation’s strategic objectives.

The successful QIP, coupled with strategic investments and partnerships, places PTC Industries on a strong footing for future growth. The infusion of ₹700 crore will likely be used to expand the company’s manufacturing capabilities, invest in new technologies, and explore new market opportunities. For investors, the strong performance of PTC Industries’ stock, combined with its strategic initiatives, makes it a compelling investment opportunity.

As PTC Industries continues to build on its successes, the involvement of institutional investors like Motilal Oswal will be crucial in supporting the company’s long-term vision. With its diverse portfolio, strategic partnerships, and robust financial performance, PTC Industries is well-positioned to continue its upward trajectory in the competitive landscape of manufacturing and technology.

[secretstalks]

Amitesh Jha Named CEO of Swiggy Instamart, Founder Phani Kishan Becomes Chief of Staff

As Swiggy gears up for its public market debut, significant leadership changes have been announced. The company has appointed Amitesh Jha, formerly a senior vice president at Flipkart, as the new CEO of its quick-commerce segment, Instamart. Jha, who had a 14-year tenure at Flipkart, held roles across various teams including Ekart and Shopsy. His appointment was confirmed by Swiggy in a news release on Thursday.

Phani Kishan Addepalli, who previously led Instamart, will now head Swiggy’s central growth team, overseeing initiatives such as the subscription service Swiggy One. In addition, Addepalli will serve as Chief of Staff to co-founder and group CEO Sriharsha Majety. Majety praised Addepalli for significantly improving Instamart’s consumer experience and profitability during his tenure.

The email from Majety also revealed that Swiggy’s Chief Growth and Marketing Officer, Ashwath Swaminathan, has departed the company. Swaminathan, who joined in February from Hindustan Unilever, managed the brands and consumer insights team, which will now report directly to Majety.

Jha’s appointment comes amid a broader executive reshuffle as Swiggy prepares for a potential initial public offering (IPO). Recent additions to the team include former Amazon executive Sairam Krishnamurthy as Chief Operating Officer and Senior Vice President of Instamart, and Himavant Srikrishna Kurnala, formerly of Reliance Retail, as Head of Product for Instamart.

The reshuffle follows other notable departures: former CTO Dale Vaz left to start a trading platform, Aaritya Tech, while former Senior Vice President Karthik Gurumurthy, who built and led Instamart, left at the end of last year to start his own venture. Anuj Rathi, the former Head of Revenue and Growth, also left in September to lead Flipkart’s travel booking unit, Cleartrip.

Swiggy is preparing for an IPO later this year and has confidentially submitted draft documents to the market's regulator for a ₹10,414 crore ($1.25 billion) offering, aiming for a valuation of approximately $15 billion. The company was last valued at $10.7 billion in early 2022. Recent reports indicate that 360 One WAM valued Swiggy at $11.5 billion as of June, and notable investors such as the family office of actor Amitabh Bachchan and Raamdeo Agrawal of Motilal Oswal Financial Services have acquired stakes in the company.

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[financesaathi]

Punjab National Bank (PNB) Shares Surge Over 7% Following Strong Q1 Results

On Monday, the Punjab National Bank (PNB) saw a significant surge in its share price, which gained over 7% in morning trades following the announcement of its impressive Q1 results. The share price opened at ₹124.86, marking a 4% increase from the previous close of ₹119.95 on the NSE. It continued its upward trajectory, reaching an intraday high of ₹128.66, representing gains of more than 6%.

Record-Breaking Q1 Results

Punjab National Bank reported its highest-ever quarterly standalone profit of ₹3,252 crore for the first quarter of the current fiscal year. This impressive profit surge was attributed to a significant increase in interest revenue and a reduction in bad loans. The net profit witnessed a remarkable year-on-year growth of 159%.

The bank’s net interest income (NII), the difference between interest earned and paid, rose by 10.2% to ₹10,476.2 crore in Q1FY25, compared to ₹9,504.3 crore in the same period last year. This increase in NII underscores the bank's strong performance in managing its core revenue-generating activities.

Also Read : Simone Biles: The Oldest American Female Gymnast at the 2024 Paris Olympics

Analyst Perspectives

Jefferies India Pvt Ltd has set a target price of ₹150 for PNB shares, indicating an approximate 20% upside from current levels. Their report highlights that Q1FY25's asset quality remained robust, although the net profit was slightly below their estimates due to higher operating expenses related to Priority Sector Lending Certificates (PSLCs). Despite this, Jefferies anticipates a rebound in earnings and views the current valuation of PNB shares as reasonable, projecting a Return on Assets (ROA) of 0.9% by FY26.

Motilal Oswal Financial Services (MOFSL) has also revised their earnings per share estimates upward by 5.6% and 0.8% for FY25 and FY26, respectively. This adjustment reflects expectations of lower provisions, a healthy net interest income, and steady margins. MOFSL estimates an ROA of 1.0% and an ROE of 14.5% in FY26, with a revised target price of ₹135 for PNB shares.

Kotak Institutional Equities provided a more cautious view. While they acknowledged the bank’s comfortable asset quality with a net non-performing loan (NPL) ratio of 0.6% and a slippage ratio of 0.8%, they raised concerns about the valuation of PNB shares. Despite the positive growth in advances (up 12% year-on-year, led by retail and agriculture sectors), Kotak's target price for PNB shares stands at ₹110, reflecting their view on current share price levels being expensive.

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[priceactiontelugu]

ఈ స్టాక్ లో మంచి అప్ మూవ్ రావొచ్చు? Motilal Oswal Financial Services Ltd...

[optionperks]

Trade Setup For July 23: Nifty Dips Amid Budget Anticipation, Analysts Predict Volatility

The Nifty ended slightly lower at 24,509 on Monday, as the markets remained cautious a day prior to the Union budget announcement and with the growth forecast in the economic survey released during the day. The broader market indices—Nifty Midcap 100 and Nifty Small Cap 100—outperformed the headline indices and closed higher by around 1%. Auto, metals and pharma gained more than 1%, while IT,FMCG, realty and energy were the sectors that lost to the tune of 0.5%. From a technical standpoint, the market is currently exhibiting non-directional activity around the 24,500/80,400 level following a reversal formation. "With Budget Day looming, we anticipate heightened volatility. The 24,500/80,400 level serves as critical support for the bulls, while 24,850/81,600 could pose as the primary resistance zone for traders," according to Shrikant Chouhan, head of equity research at Kotak Securities.

Chouhan recommends reducing long positions during rallies as long as the market is trading below 24,850/81,600. "Buying is advisable only at major support levels (24,150/79,000 and 24,000/78,600) with a medium- to long-term perspective. If the market surpasses 24,850/81,600, it has the potential to advance towards 25,000/82,000 and 25,300/83,000 levels," he said. According to Siddhartha Khemka,head of retail research at Motilal Oswal Financial Services Ltd., "Though the budget is largely expected to be growth-oriented, with the announcement of some measures aimed at addressing rural economies, this is largely factored in by the market. Investors will look out for signs of further traction." He expects "some volatility, along with sector- and stock-specific actions," on Tuesday. As long as the index remains below 24,855, a sell-on-rise strategy needs to be adopted in Nifty, according to Hrishikesh Yedve, assistant vice president of technical and derivatives research at Asit C. Mehta Investment Intermediates Ltd.

[aclmartsjaipur]

Navigating Your Investment Journey and Exploring Delhi: Top Picks for Brokers and Travel Agencies

Delhi, a vibrant metropolis, pulsates with both historical charm and modern energy. It's a city that beckons not just for its rich cultural tapestry, but also for its burgeoning financial scene. For those seeking to invest in the Indian stock market, Delhi offers a plethora of stock brokers to choose from. Here, we'll unveil the Best 9 Stock Brokers in Delhi, followed by a curated list of the Best 9 Tour & Travel Companies in Delhi to ensure a seamless exploration of this captivating city.

Best 9 Stock Brokers in Delhi:

Discount Brokerage Champions: For cost-conscious investors, discount brokers like Zerodha and Upstox reign supreme. They offer low brokerage fees and user-friendly platforms, making them ideal for beginners and active traders alike.

Full-Service Powerhouses: Established names like ICICI Direct and HDFC Securities provide a comprehensive suite of services, including research reports, advisory services, and wealth management solutions. These brokers cater to a wider range of investors, including those seeking more hand-holding support.

Research and Advisory Focus: If in-depth research and personalized advice are your priorities, Motilal Oswal Financial Services and Kotak Securities are excellent choices. They boast experienced analysts and dedicated advisors to guide your investment decisions.

Digital Innovation Leaders: Fintech startups like Fyers and Paytm Money are revolutionizing the broking landscape with cutting-edge technology and mobile-first platforms. They cater to tech-savvy investors who prioritize convenience and real-time market access.

Established Legacy and Regional Focus: Brokers like Sharekhan and Angel One (formerly Angel Broking) possess a strong brand presence and extensive branch networks across Delhi. They offer a blend of online and offline services, catering to both seasoned investors and those seeking personalized support.

Choosing the Right Stock Broker: Before diving in, consider your investment experience, trading frequency, budget, and desired level of service. Discount brokers are perfect for cost-conscious and active traders, while full-service brokers benefit those seeking guidance.

Best 9 Tour & Travel Companies in Delhi:

Now, let's shift gears and explore the exciting world of travel. Here are the Best 9 Tour & Travel Companies in Delhi to elevate your Delhi experience:

Luxury Connoisseurs: For those seeking an opulent travel experience, companies like Cox & Kings and Imperial Travel specialize in curated itineraries with premium accommodations and exclusive experiences.

Budget-Friendly Adventures: For backpackers and budget travelers, agencies like Dhruv Travels and Mercury Holidays offer pocket-friendly packages with comfortable stays and efficient transportation.

Off-the-Beaten-Path Specialists: If you crave unique experiences, opt for companies like Breakaway Adventures and The Adventure Resorts. They curate tours that delve into Delhi's hidden gems, cultural nuances, and lesser-known historical sites.

Family Fun Experts: Planning a trip with your loved ones? Consider companies like TUI Travel and Fartravel. They specialize in creating family-friendly itineraries with child-centric activities, comfortable accommodations, and flexible schedules.

Special Interest Tours: For travelers with specific interests, agencies like Art of Travel and Delhi Walks cater to art, history, and food enthusiasts. They offer specialized tours focusing on Delhi's vibrant art scene, rich historical heritage, or delectable culinary delights.

Planning Your Delhi Trip: To make the most of your Delhi adventure, research your interests and preferred pace of travel. Budget plays a crucial role – choose an agency that aligns with your financial limitations.

Conclusion:

Delhi offers a captivating blend of investment opportunities and unforgettable travel experiences. By employing the insights provided on the best stock brokers and tour & travel companies in Delhi, you can pave the way for a prosperous investment journey and an enriching exploration of this magnificent city. So, embark on your Delhi venture with confidence, armed with the knowledge to maximize your financial goals and travel aspirations.

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[ad_1] 5 min read Last Updated : Oct 11 2024 | 10:01 AM IST Shares of TCS fell as much as 2.09 per cent at Rs 4,140 per share on the BSE in Friday’s intraday deals after the company posted a modest quarterly earnings for the second quarter of the financial year 2024-25 (Q2FY25). Analysts believe that the earnings were satisfactory and were in line with their estimates, with an optimistic management waiting for a turnaround in the near future. This is based on the management's confidence on positive demand outlook, and improvement in the macro environment. However, analysts expect TCS as well as the sector to see a material uptick in growth from Q4FY25 onwards.  Click here to connect with us on WhatsApp  In the quarter under review all verticals recorded growth sequentially for TCS, except two including healthcare that declined 3.4 per cent and the telecom segment which also remained weak, said analysts at Nuvama Institutional Equities.  “Growth was primarily driven by the BSNL ramp-up. The decline in North America was surprising, but this was attributable to client-specific issues in healthcare and persistent weakness in the communications vertical,” said analysts at Motilal Oswal Financial Services (MOFSL).  On the other hand BFSI continued to show signs of recovery, particularly in North America, growing 1.9 per cent quarter-on-quarter Q-o-Q. Growth markets and E&U surged 13.1 per cent and 4 per cent Q-o-Q, respectively.  Vital signs Despite a subpar quarter, the company’s management remains optimistic about Gen AI, noting increased investments and a rise in client engagements to 600 in Q2 (up from 275 in Q1), with 86 projects going live compared to eight in Q1. They anticipate discretionary spending to improve in the coming quarters, with BFSI expected to continue its recovery, retail rebounding after a strong holiday season, and manufacturing addressing temporary supply chain issues. Additionally, investments in the travel vertical are also returning. The company’s total contract value or deal wins came in soft at $8.6 billion, but within management’s comfort range of $7–9 billion. Overall pipeline and qualified pipeline is at an all-time high, analysts noted.  “Management remains optimistic about demand revival as they see a recovery in BFSI and bottoming out of the retail vertical. We are cutting FY25E/26E EPS by -4.9 per cent/-3.9 per cent factoring in slightly lower growth and margins. We continue to value TCS at 30x Sep-26E PE. Maintain ‘Buy’ with a revised target price of Rs 5,100 (earlier Rs 5,250),” Vibhor Singhal, Nikhil Choudhary, and Yukti Khemani of Nuvama wrote in their result review note.  Analysts at Nomura also highlighted some positives on the IT sector, calling onset of the interest rate-cutting cycle and a potential thaw in decision-making by US corporates post US elections which may provide fillip to demand. They expect TCS’s revenue growth of 6.3-7.5 per cent year-on-year in FY25-26F (versus 4.1 per cent in FY24), adding that this depends on an improvement in deal wins. However, not everyone is onboard with a positive outlook for TCS, as analysts at Emkay said that weak discretionary spending, client-specific challenges, slower decision-making, and client’s cautious behaviour amid macro uncertainties still weighed on revenue growth of the company in the September quarter.  The brokerage firm reduced its earnings estimates by 1.2-2.4 per cent for FY25-27 considering the Q2 miss. Nomura, too, cut its earning per share (EPS) estimates by 1.6 per cent and 2.4 per cent for FY25 and FY26F, respectively driven largely by margin cut."Given the lack of any near-term trigger, we retain ‘Reduce’ with target of Rs 4,500/sh at 28x Sep-25E EPS,” said those at Emkay.Globally, most brokerages stayed bullish on TCS for the long term, highlighting steady hiring trends and continued recovery in BFSI as positive factors. Jeffries maintained its ‘Buy’ rating on the stock with a target price of Rs 4,735.

Those at JP Morgan, too, maintained their overweight stance on the stock with a target of Rs 5,100. Meanwhile, Japanese brokerage firm Nomura gave a ‘Neutral’ call on the stock with a target of Rs 4,150. Financial print in Q2 TCS reported a net profit of Rs 11,909 crore for the quarter, a 5 per cent increase from Rs 11,342 crore in the same quarter last year, although it dipped 1.08 per cent sequentially. Revenue rose 7.6 per cent year-on-year to Rs 64,259 crore, with a sequential growth of 2.62 per cent. In constant currency, revenue increased by 5.5 per cent, while net income saw a 3.8 per cent year-on-year rise.  The total contract value (TCV) of new deals for the September quarter edged up to $8.6 billion from $8.3 billion in Q1, but this marked a 23 per cent decline from $11.2 billion in Q2FY24. The EBIT margin for 2QFY25 was 24.1 per cent, reflecting a 60 basis point drop quarter-on-quarter and a 20 basis point decline year-on-year.At 09:40; the share price of TCS was trading 0.67 per cent lower at Rs 4,200 a piece. By comparison, the BSE Sensex was down 0.23 per cent at 81,425 level.  First Published: Oct 11 2024 | 9:52 AM IST [ad_2] Source link

[news365times]

[ad_1] 5 min read Last Updated : Oct 11 2024 | 10:01 AM IST Shares of TCS fell as much as 2.09 per cent at Rs 4,140 per share on the BSE in Friday’s intraday deals after the company posted a modest quarterly earnings for the second quarter of the financial year 2024-25 (Q2FY25). Analysts believe that the earnings were satisfactory and were in line with their estimates, with an optimistic management waiting for a turnaround in the near future. This is based on the management's confidence on positive demand outlook, and improvement in the macro environment. However, analysts expect TCS as well as the sector to see a material uptick in growth from Q4FY25 onwards.  Click here to connect with us on WhatsApp  In the quarter under review all verticals recorded growth sequentially for TCS, except two including healthcare that declined 3.4 per cent and the telecom segment which also remained weak, said analysts at Nuvama Institutional Equities.  “Growth was primarily driven by the BSNL ramp-up. The decline in North America was surprising, but this was attributable to client-specific issues in healthcare and persistent weakness in the communications vertical,” said analysts at Motilal Oswal Financial Services (MOFSL).  On the other hand BFSI continued to show signs of recovery, particularly in North America, growing 1.9 per cent quarter-on-quarter Q-o-Q. Growth markets and E&U surged 13.1 per cent and 4 per cent Q-o-Q, respectively.  Vital signs Despite a subpar quarter, the company’s management remains optimistic about Gen AI, noting increased investments and a rise in client engagements to 600 in Q2 (up from 275 in Q1), with 86 projects going live compared to eight in Q1. They anticipate discretionary spending to improve in the coming quarters, with BFSI expected to continue its recovery, retail rebounding after a strong holiday season, and manufacturing addressing temporary supply chain issues. Additionally, investments in the travel vertical are also returning. The company’s total contract value or deal wins came in soft at $8.6 billion, but within management’s comfort range of $7–9 billion. Overall pipeline and qualified pipeline is at an all-time high, analysts noted.  “Management remains optimistic about demand revival as they see a recovery in BFSI and bottoming out of the retail vertical. We are cutting FY25E/26E EPS by -4.9 per cent/-3.9 per cent factoring in slightly lower growth and margins. We continue to value TCS at 30x Sep-26E PE. Maintain ‘Buy’ with a revised target price of Rs 5,100 (earlier Rs 5,250),” Vibhor Singhal, Nikhil Choudhary, and Yukti Khemani of Nuvama wrote in their result review note.  Analysts at Nomura also highlighted some positives on the IT sector, calling onset of the interest rate-cutting cycle and a potential thaw in decision-making by US corporates post US elections which may provide fillip to demand. They expect TCS’s revenue growth of 6.3-7.5 per cent year-on-year in FY25-26F (versus 4.1 per cent in FY24), adding that this depends on an improvement in deal wins. However, not everyone is onboard with a positive outlook for TCS, as analysts at Emkay said that weak discretionary spending, client-specific challenges, slower decision-making, and client’s cautious behaviour amid macro uncertainties still weighed on revenue growth of the company in the September quarter.  The brokerage firm reduced its earnings estimates by 1.2-2.4 per cent for FY25-27 considering the Q2 miss. Nomura, too, cut its earning per share (EPS) estimates by 1.6 per cent and 2.4 per cent for FY25 and FY26F, respectively driven largely by margin cut."Given the lack of any near-term trigger, we retain ‘Reduce’ with target of Rs 4,500/sh at 28x Sep-25E EPS,” said those at Emkay.Globally, most brokerages stayed bullish on TCS for the long term, highlighting steady hiring trends and continued recovery in BFSI as positive factors. Jeffries maintained its ‘Buy’ rating on the stock with a target price of Rs 4,735.

Those at JP Morgan, too, maintained their overweight stance on the stock with a target of Rs 5,100. Meanwhile, Japanese brokerage firm Nomura gave a ‘Neutral’ call on the stock with a target of Rs 4,150. Financial print in Q2 TCS reported a net profit of Rs 11,909 crore for the quarter, a 5 per cent increase from Rs 11,342 crore in the same quarter last year, although it dipped 1.08 per cent sequentially. Revenue rose 7.6 per cent year-on-year to Rs 64,259 crore, with a sequential growth of 2.62 per cent. In constant currency, revenue increased by 5.5 per cent, while net income saw a 3.8 per cent year-on-year rise.  The total contract value (TCV) of new deals for the September quarter edged up to $8.6 billion from $8.3 billion in Q1, but this marked a 23 per cent decline from $11.2 billion in Q2FY24. The EBIT margin for 2QFY25 was 24.1 per cent, reflecting a 60 basis point drop quarter-on-quarter and a 20 basis point decline year-on-year.At 09:40; the share price of TCS was trading 0.67 per cent lower at Rs 4,200 a piece. By comparison, the BSE Sensex was down 0.23 per cent at 81,425 level.  First Published: Oct 11 2024 | 9:52 AM IST [ad_2] Source link

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