Investment & Trading Ease at India Infoline

Top Gainers / Losers

07 June , 2024 | 12:00 AM

Company	LTP(₹)	Change(%)
M & M M&M	2857.45	+157.60 (5.84%)
Wipro WIPRO	484.55	+23.55 (5.11%)
Tech Mahindra TECHM	1377.6	+60.15 (4.57%)
Infosys INFY	1533.6	+61.35 (4.17%)

Top Gainers as per Nifty50

Company	LTP(₹)	Change(%)
M & M M&M	2857.1	+157.45 (5.83%)
Wipro WIPRO	484.45	+23.45 (5.09%)
Tech Mahindra TECHM	1377.5	+59.35 (4.5%)
Infosys INFY	1533.35	+60.85 (4.13%)

Top Gainers as per Nifty50

Company	LTP(₹)	Change(%)
SBI Life Insuran SBILIFE	1425.85	-17.00 (-1.18%)
Tata Consumer TATACONSUM	1135.65	-4.25 (-0.37%)

Earnings

Q4FY24 Preview: Reliance Industries: EBITDA seen at ₹425,702 Million, PAT at ₹ 190,501 Million

All segments are expected to do well, except O2C.

19 Apr, 2024 |
2:54 PM

Q4FY24 Preview: HDFC Bank: NII seen at ₹287.4 Billion, PAT at ₹154.9 Billion

Weak performance likely over the December 2023 quarter.

19 Apr, 2024 |
2:31 PM

Q4FY24 Review: Tata Communications: Near-term headwinds persist

The stock trades at 11.7x EV/Ebitda and analysts of IIFL Securities estimate 17% Ebitda Cagr over FY24-27. Maintain ADD

19 Apr, 2024 |
1:40 PM

Q4FY24 Review: Infosys: Weak guidance a reflection of state of IT demand

~18% correction in stock price recently has taken care of multiple de-rating while attractive dividend yield (~4%) should provide downside support to valuations. Hence, analysts of IIFL Securities maintain BUY, but expect its discount to TCS to remain elevated in near term.

19 Apr, 2024 |
1:08 PM

Q4FY24 Review: HDFC Life: Weak margins but FY25 outlook is positive

VNB margins were at 26.1% for Q4FY24, declining by 320bps YoY, driven by lack of operating leverage and change in new business profile. HDFCLI continues to focus on VNB growth driven by APE growth and is willing to trade incremental margins for better growth opportunities.

19 Apr, 2024 |
12:27 PM

Top Performing Funds


HDFC Defence Fund - Regular (G)	1 Yrs Returns 108.06	NAV 20.875
SBI PSU Fund (G)	1 Yrs Returns 94.50	NAV 31.8008
Invesco India PSU Equity Fund (G)	1 Yrs Returns 90.70	NAV 63.79
Aditya Birla SL PSU Equity Fund (G)	1 Yrs Returns 88.87	NAV 34.11
ICICI Pru PSU Equity Fund (G)	1 Yrs Returns 80.62	NAV 20.41


DSP Credit Risk Fund (G)	1 Yrs Returns 15.22	NAV 40.2087
TRUSTMF FMP - Series II (1196 Days) - Reg (G)	1 Yrs Returns 8.53	NAV 1101.7201
Nippon India Fixed Horizon-XLV-Sr.5 (G)	1 Yrs Returns 8.45	NAV 11.0447
SBI Floating Rate Debt Fund - Regular (G)	1 Yrs Returns 8.08	NAV 12.2222
Baroda BNP Paribas Floater Fund - Regular (G)	1 Yrs Returns 8.08	NAV 10.8917


Quant Dynamic Asset Allocation Fund-Regular (G)	1 Yrs Returns 60.14	NAV 16.2072
JM Aggressive Hybrid Fund - (G)	1 Yrs Returns 54.40	NAV 118.7138
Quant Multi Asset Fund (G)	1 Yrs Returns 49.94	NAV 132.2911
Bank of India Mid & Small Cap Equity & Debt Fund (G)	1 Yrs Returns 46.74	NAV 35.54
ICICI Pru Retirement Fund - Hybrid AP (G)	1 Yrs Returns 46.66	NAV 23.7


Quant ELSS Tax Saver Fund - Regular (G)	1 Yrs Returns 59.25	NAV 390.7785
SBI Long Term Equity Fund (G)	1 Yrs Returns 55.48	NAV 404.7489
ITI ELSS Tax Saver Fund (G)	1 Yrs Returns 54.25	NAV 23.3492
Motilal Oswal ELSS Tax Saver Fund (G)	1 Yrs Returns 54.11	NAV 45.6108
Bank of India ELSS Tax Saver (G)	1 Yrs Returns 52.63	NAV 162.46


ICICI Pru Nifty PSU Bank ETF	1 Yrs Returns 78.52	NAV 73.48
Kotak Nifty PSU Bank ETF	1 Yrs Returns 78.10	NAV 727.01
Nippon India ETF Nifty PSU Bank BeES	1 Yrs Returns 78.01	NAV 81.09
ICICI Pru Nifty Financial Services Ex-Bank ETF	1 Yrs Returns 31.69	NAV 23.75
UTI-Nifty Bank Exchange Traded Fund	1 Yrs Returns 13.23	NAV 50.85

All You need to know about markets

US October inflation tapers to 7.7% but MOM inflation is higher

Since March 2022, when the Fed hawkishness first manifested, the Fed has hiked rates by 375 basis points. However, till June 2022, inflation was on the ascendant, when the US consumer inflation peaked at 9.1%. Since then, the inflation has gradually tapered from 9.1% to 7.7%. While a 140 bps fall may not sound substantial, what is notable is that in October 2022, the consumer inflation was lower than the consensus street expectation.

M&M Financial Services hits upper circuit today, find why here?

Mahindra & Mahindra Financial Services (M&M Finance), which posted better-than-expected profits for the September quarter, increased by as much as 10% during early trade on Thursday.

Board of Steelcast recommends Second Interim Dividend?

Steelcast announced that the Board of Directors of the Company at its meeting held on 20 October 2022, has recommended a Second Interim dividend of Rs.1.35 per share (i.e.27%), subject to the approval of the shareholders

RBI to do pilot project on its digital currency this year

T. Rabi Sankar, the deputy governor of the Reserve Bank of India (RBI), announced on Wednesday that the central bank will introduce its digital currency as a pilot project this year.

How many Sectors are there to invest in Stock Market?

You can invest in 11 different sectors in the stock market. This type of industry categorization helps the portfolio manager create a diverse portfolio and allocate funds more efficiently.

What is nifty and sensex ?

Nifty and Sensex are benchmark index values for measuring the
overall performance of the stock market. Nifty is the Index used
by the National Stock exchange, and Sensex is the Index used by the Bombay Stock Exchange.

Blogs

RBI holds repo rates at 6.5%; ups FY 25 GDP growth forecast by 20 bps

While the RBI did maintain rates, the question is whether they had the opportunity to give a pre-emptive boost.

07 Jun, 2024 |
12:18 PM

India's growth forecast revised upward to 7.2% by RBI

RBI raises India's GDP growth projection for FY24-25 to 7.2%, citing strong domestic activity, PMI, and rural demand.

07 Jun, 2024 |
11:11 AM

Multi-caps versus Flexi-Caps – Who is winning the mixing game?

Multi-cap despite their rigid structures, have done better than flexi caps in the last one year

07 Jun, 2024 |
8:50 AM

May 2024 – How sectors fared on returns, risk, and valuations

Defence was the undisputed king of May 2023, followed by CPSEs and MNCs as strong themes

06 Jun, 2024 |
12:50 PM

FIIs sell Indian equities worth $3.06 Billion in May 2024

BFSI and IT took bulk of the selling, but surprisingly capital goods saw a lot of FPI buying in May 2024

06 Jun, 2024 |
9:21 AM

Leaders & Fund Managers Speak

Arvind Kamath, Chairperson and Whole Time Director, JNK India

Sheetal Agarwal of IIFL caught up with the management of the IPO-bound company to know more about its plans. Edited excerpts.

Abhijit Patil, Co-Founder and COO, AjnaLens

In conversation with Sheetal Agarwal of IIFL, management of the company explains its strengths, growth strategy and listing plans.

Dr. Faruk Patel, Chairman & Director, KP Green Engineering Limited

Sheetal Agarwal of IIFL caught up with management of the company, which is launching India's largest SME IPO. Edited Excerpts:

John Verghese, Chief Financial Officer, Popular Vehicles and Services Limited

Sheetal Agarwal of IIFL in conversation with management of the IPO bound company. Edited Excerpts:

Anil Ghelani, CFA, Head - Passive Investments and Products at DSP Mutual Fund

Sheetal Agarwal of IIFL brings you an insightful conversation about the relevance of ELSS investments today. Edited excerpts:

Invest Right

Dixon Technologies: Gaining from industry consolidation

Pursuant to cut in growth expectations for Q4FY24 (Mgmt guides for QoQ drop in sales), including softness in Mobile EMS, analysts of IIFL Securities cut FY24 EPS by 7%. Ex-Mobile EMS, revenue is lowered by 4/7% and Ebitda by 8/10%, respectively for FY25/26, given analysts of IIFL Securities cautious view on rebound in consumption.

16 Apr, 2024 |
11:47 AM

Phoenix Mills: Revival in consumption encouraging

Trading occupancy for Indore mall was up marginally QoQ. The new Bangalore mall (Mall of Asia) has also witnessed a steady ramp up, albeit will be slower due to higher share of premium/luxury brands.

12 Apr, 2024 |
11:00 AM

Shyam Metalics: Well set to deliver steady growth

In stainless steel, longs capacity at Indore will expand to 220kt by FY26 while Sambalpur would see a new 500kt flats capacity (incl 200kt CR) by FY27.

12 Apr, 2024 |
10:47 AM

BSE: Firing on all cylinders

Its market share improved from 5.5% in Apr’23 to 8.5% in Mar’24. The exit ADTO stands at Rs90-100bn, implying a strong start to FY25. The Star-MF platform remains the preferred platform for MF distributors – FY24 volumes grew by 59% YoY to 421mn.

09 Apr, 2024 |
10:33 AM

JB Chemicals & Pharma: Small in size, but big enough to create a difference

JB targets to double CMO revenue from USD50mn to USD100mn over the next 3-5 years, driven by geographic expansion, on-boarding new clients, and adding new lifecycle products.

08 Apr, 2024 |
11:12 AM

ICICI Lombard General: Centralised strategy to drive expansion

While ILOM witnessed minor market share loss in the Motor segment last year, it has started to recoup the same with high growth in new private car segment. Presence of a multi-channel business model helped them navigate this business cycle. ILOM believes that with the new EoM regulations, industry CoR should improve; benefitting ILOM disproportionately.

05 Apr, 2024 |
11:50 AM

Editor's Choice

Chemicals: Early signs of recovery?

The spike in speciality chemicals exports could be due to deferment of orders to Q4 and seasonality. Specialty chemicals exports in Mar’24 surpassed the trailing 12-month average.

19 Apr, 2024 |
11:40 AM

Telecom: Upgrading Vodafone Idea and Indus Towers

Analysts of IIFL Securities expect Indus to reinstate dividend from FY25 as it again starts generating healthy FCF (dividend payout policy is 100% of FCF). The stock is attractive at 4.5%/7.2% FY25/26 dividend yield.

18 Apr, 2024 |
11:09 AM

Banking & Finance: Pull and push of structural vs. cyclical drivers of deposits

System deposit growth has picked up to 3.5% QoQ/13.5% YoY (12.9% ex. HDFC merger), thereby narrowing the gap vs loan growth to 340bps from 540bps YoY. Based on prequarterly updates, deposit growth is strong at 3-16% QoQ and 7-42% YoY, driving LDR improvement of 25-600 bps across banks. CASA ratio also improved 40-255bps QoQ on seasonality, but is still down 1-10ppt YoY. While some of the seasonal gains will reverse in Q1, with improving cyclical factors analysts of IIFL Securities expect 13-14% system deposit growth in FY25. HDFC, SBI and ICICI rank high on our ‘liability franchise scorecard’, Axis is improving and Kotak is deteriorating

18 Apr, 2024 |
10:32 AM

Insurance: A year of normalization with an eye on regulations

Analysts of IIFL Securities believe FY25 will be a year of normalization in Life as growth should revert to teens while margins would start witnessing stability with an upward bias

16 Apr, 2024 |
11:26 AM

Electronics Retail: Expanding Footprint to drive growth

Consumers have adopted Ecommerce differently across different categories; E-commerce share for Mobiles stands at 58% but for large household appliances, it is only 17%. In the latter, consumers prefer to go to a physical store to check out the look and feel of the product, discuss warranty and exchange, get priority on installation and so on. In recent times, there is a bit of reverse migration from e-commerce to brick-and-mortar stores in mobiles as well. Analysts of IIFL Securities believe that brick-and-mortar organised retail would still grow at ~14% even allowing for some share loss to online platforms.

16 Apr, 2024 |
11:14 AM

Utilities: Government gets gas IPPs under S/11

The scheme if extended for FY25, apart from gas IPPs, can also benefit gas importing / trading companies; assuming PLFs to increase to 30% (vs 14% in FY24), India would need to import additional ~5m MT LNG (25% more); GAIL (transmission + trading), PLNG (imports/trade) can materially gain from such imports; for every 1m MT incremental LNG imported, GAIL/PLNG may see 5-10% EPS upgrade; IEX may also gain from higher exchange volumes.

15 Apr, 2024 |
10:22 AM