15 February 2023, 13:58 PM
Muthoot FinCorp launches collateral-free daily instalment loans for MSMEs
With Vyapar Mitra business loans, Traders, Business owners and self-employed individuals can avail business loans based on their daily cash flow without any additional collateral
15 February 2023, 13:58 PM
Muthoot FinCorp launches collateral-free daily instalment loans for MSMEs
Muthoot FinCorp has launched Vyapar Mitra- collateral-free daily instalment loans for micro and small businesses
15 February 2023, 13:05 PM
Stock Market Live Updates: Gold Outlook
Prathamesh Mallya, AVP- Research, Non-Agri Commodities, and Currencies, Angel One Ltd said, “As long as the Fed keeps raising interest rates, the demand for the yellow metal could be constrained, which would likely put downward pressure on gold prices.”
15 February 2023, 12:47 PM
Stock Market Live Updates: Yes Securities Gives BUY Recommendation Castrol India Ltd
“The 4QCY22 operating earnings at Rs 2.51bn (-6% YoY; -3% QoQ) stood below our and street estimates primarily on a) weaker than estimated sales volume at 48mn liters and b) weaker than estimate gross margin. Price interventions along with higher sales of personal mobility oils, led to stronger realization during the quarter, however the same was partially offset by QoQ higher raw material costs. Indian lubricant market is expected to grow at ~ 4% YoY over CY23, and CSTRL intends to grow ahead of the market, even as the growth was rather tepid in CY22. CSTRL is also actively working to diversify its revenue stream and has acquired 7% stake at Rs 4.9bn in Ki Mobility, which is multi-brand vehicle servicing platform. In addition, CSTRL is also venturing into EV fluids. Maintain ADD with a TP of Rs 130/sh,” said Yes Securities
15 February 2023, 12:46 PM
Stock Market Live Updates: Yes Securities Gives BUY Recommendation Castrol India Ltd
Recommendation: ADD
CMP: Rs 119
Target Price: Rs 130
Potential Return: +9%
15 February 2023, 12:01 PM
Stock Market Live Updates: Yes Securities Gives BUY Recommendation Bharat Forge Ltd
“Bharat Forge (BHFC) 3QFY23 results were in-line at revenues/Adj.PAT while EBITDA exceeded our estimates by 10.7% at Rs5.4b (est Rs4.8b, +32.7%/18% YoY/QoQ). Lower utilization in overseas business (Aluminum forgings) in Germany and North America led to EBITDA loss of Rs620m (v/s loss of Rs341m in 2QFY23). BHFC has reported ~2.6% QoQ/17.6% YoY growth in tonnage at ~62.75k tons, which were at 16 quarter high indicating strong momentum across business verticals. New orders win for 9MFY23 have been healthy across auto, industrial, defense (new defense component order post Rs6b in 3QFY23 taking segment orderbook to Rs20b at KSSL) and JSA Auto (Rs1.5b). We raise FY24/25 EPS by 5-5.5% to factor in for new order wins and other income. We reiterate BUY rating on the stock with revised TP of Rs1,028 (v/s Rs974 earlier) based on ~26x to Mar’25 consol EPS (unchanged). Reiterate BUY as one of our top picks among ancs,” Yes Securities said
15 February 2023, 12:01 PM
Stock Market Live Updates: Yes Securities Gives BUY Recommendation Bharat Forge Ltd
Recommendation: BUY
CMP: Rs 873
Target Price: Rs 1,028
Potential Return: +18%
15 February 2023, 11:03 AM
Stock Market Live Updates: Yes Securities Gives BUY Recommendation to Eicher Motors
“Eicher Motors (EIM) 3QFY23 reported consolidated results were in-line at Revenues/PAT while EBITDA was ~4% below our estimates at Rs8.6b (est Rs8.9b) with margins contracting 30bp QoQ at 23% (est 24.2%). This was largely due to ~4% miss in EBITDA of S/A performance as 1) ASP came in lower at Rs162.2k/unit (est Rs166.8k/unit) and 2) S/A gross margins came in lower at 41.7% (est 42.2%) led by product mix and delayed impact of product price hike (price protection for Hunter). EIM’s margins expansion to be gradual as impact of weaker product mix (increasing contribution from Hunter) to partially offset by 1) price hikes of ~1.5% for Hunter in Nov’22, 2) + operating leverage due to higher volumes and 3) increased share of exports as Hunter has been launched in exports markets. Maintain BUY with SoTP based revised TP of Rs3,942 (v/s Rs4,094). EIM is one of our preferred picks from 2W OEM space,” said Yes Securities
15 February 2023, 10:36 AM
Stock Market Live Updates: Yes Securities Gives BUY Recommendation to Eicher Motors
Recommendation: BUY
CMP: Rs 3,175
Target Price: Rs 3,942
Potential Return: +24%
15 February 2023, 10:36 AM
Stock Market Live Updates: Yes Securities Gives BUY Recommendation to Metropolis Healthcare
“Believe Metropolis has had a better handle on volume growth compared to peers like Dr Lal and hence our confidence on presuming higher volume growth over next 2 years. Albeit, we have cut FY23 and FY24 estimates by 5-12% on flat realization assumption (vs 3% growth earlier); our TP gets rolled over to FY25 and we cut target multiple to 35x (prevailing pre-Covid) from 45x and retain BUY with revised TP Rs1,720 (earlier Rs1,900),” Yes Securities
15 February 2023, 10:33 AM
Stock Market Live Updates: Yes Securities Gives BUY Recommendation to Metropolis Healthcare
Recommendation: BUY
CMP: Rs 1,312
Target Price: Rs 1,720
Potential Return: +31%
15 February 2023, 10:09 AM
Stock Market Live Updates: Yes Securities Gives BUY Recommendation to Greenply Industries Ltd
"We reckon, with steady growth in Plywood owing to healthy demand coupled with material contribution from MDF from next fiscal, GPIL is expected to witness robust growth over FY22-FY24E. We expect Revenue/EBITDA/PAT growth of 22%/33%/26% over FY22-FY24E & continue to value the company at P/E(x) of 18x on FY24E EPS. Hence, we maintain our BUY rating on the stock with a target price of Rs224," said Yes Securities
15 February 2023, 09:55 AM
Stock Market Live Updates: Yes Securities Gives BUY Recommendation to Greenply Industries Ltd
Recommendation: BUY
CMP: Rs 138
Target Price: Rs 224
Potential Return: +62%
15 February 2023, 08:44 AM
Gold was slightly higher. Spot gold traded at $1,854.92 per ounce
15 February 2023, 08:44 AM
Oil prices fell as traders worried about mounting supplies and weakening demand. U.S. crude dipped 0.46% to $78.70 a barrel. Brent crude settled down 1.19% to $85.58 per barrel
15 February 2023, 08:43 AM
Stock Market Live Updates: Asian Stocks Slip
MSCI's broadest index of Asia-Pacific shares outside Japan was down 1.3%, led by drops bigger than 1% in Australia and Hong Kong
15 February 2023, 08:43 AM
Asian stocks slipped
