Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Motilal Oswal's research report on Maruti Suzuki MSIL reported a strong beat in 3QFY23, driven by better mix (8% beat on ASPs) and higher other income. Recently launched products to reflect in P&L from 1QFY24; commodity price benefit largely reflected in 3QFY23; and the impact of adverse JPY is expected to reflect from 1QFY24. We expect continued improvement in performance and response to new products to act as catalysts for the stock. Outlook We upgrade FY23 EPS estimates by 14% to reflect the benefit of mix and higher ‘other income’, but reiterate our FY24 estimates as the mix benefit is offset by the Fx impact. We reiterate our Buy rating with a TP of INR10,500. For all recommendations report, click here Read More Disclaimer: The views and investment tips … [Read more...] about Buy Maruti Suzuki; target of Rs 10,500: Motilal Oswal
Everyone has the perpetual desire to earn and save money and has the expectancy to grow their money multifold. It’s a perennial search for options and one can equate the financial market to the ocean. The German linguist Heinrich Zimmer once described the ocean as “limitless and immortal, the beginning and end of all the things on earth”. Equivalently the financial market has never been run short of investment options or investment possibilities. Hence, the plethora of options for making money grows for future purposes, and people are caught in the middle of what options might be the better choice to get a Fixed return for a shorter or longer duration. As the ocean has the biggest fish, the finance market has the FD (Fixed Deposit) which has been predominantly trusted by investors. There are other better yield instrument options available, yet those instruments lack adequate trust among investors. Lately, equity, mutual funds, PPF, crypto, and Government bonds have become the … [Read more...] about Why are NCD IPOs important to invest in?
Indian Rupee Rupee-denominated bond sales are set to grind to a halt in a few days as India’s government upgrades an online portal used by companies to file regulatory documents. Starting Jan. 7, the Ministry of Corporate Affairs portal will be unavailable for companies to file a so-called PAS-3 form, or “return-of-allotment” form, as the administration migrates to a new version of its e-filing platform. The service will be unavailable until Jan. 22, according to a statement on the ministry’s website. The move could delay new sales because issuers can’t use funds raised through the sale of any bonds until they file the return-of-allotment form, which lists all security holders. “PAS-3 form is filed to the Registrar of Companies using the MCA portal, and only after filing this form can the bond proceeds be used,” said Jayen Shah, founder of Mavuca Capital Advisors Pvt., a fintech investment banking firm. “Given e-filings can’t be done, it will hurt issuance during this … [Read more...] about Rupee bond sales set to halt as India upgrades platform