Market forecast for 2023

Personal loans are great instruments to help you cope with unforeseen financial emergencies. Nowadays, getting online personal loan approval is easy, as the lender sanctions the loan to the borrower in just a few hours. However, the criteria for personal loan eligibility varies from person to person and depends on the past repayment record as it is an unsecured loan. Similarly, a successful settlement boosts your credit score and significantly improves your creditworthiness for further emergency loans. Continue reading to know the various factors that affect loan approval in 2023. 9 Personal Habits for Easy Loan Approval in India To ensure that you receive personal loan deals at attractive interest rates in future, keep the following principles in mind: 1. Keep a Short Repayment Period Read More Most people take EMI payments of personal loans very casually as they do not have anything at stake. Unfortunately, such behaviour leads to progressive interest accrual … [Read more...] about Factors That Decide Your Instant Personal Loan Approval in 2023

The Life Insurance Corp. of India headquarters in Mumbai. Photographer: Dhiraj Singh/Bloomberg Shares of Indian banks and Life Insurance Corp. of India plunged on Friday amid concerns about their exposure to the Adani Group following a scathing short-seller report. The NSE Bank Nifty Index extended declines of the previous session, underperforming broader stock benchmarks. Bank of Baroda and State Bank of India were among the biggest decliners. “Negative sentiment is prevailing in the market, which is weighing on bank stocks,” said Kranthi Bathini, chief market strategist at WealthMills Securities Pvt. “Some of it is due to worries about Adani collateral,” although there’s also a bout of profit-taking after the rally in recent months, he added. Indian banks have reported sterling results over the past weeks, with their quarterly profits soaring driven by scorching credit demand. That euphoria has now been overshadowed by the drama unfolding in the country after US … [Read more...] about Adani report fallout: Banking, LIC shares crack

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × ICICI Direct's research report on Indoco Remedies Indoco manufactures and markets branded formulations and APIs for the domestic and export markets. In domestic formulations, through its nine marketing divisions, the company serves a range of specialties (acute heavy). Domestic formulations accounted for 54% of revenues. Major therapies are: respiratory, anti-infectives, stomatologicals, gastrointestinals and vitamins • Formulation exports accounted for 41% (regulated markets: 81%) of revenues while APIs contributed 4% with remaining coming from CRAMS. Outlook We maintain BUY on the back of 1) steady domestic business visibility, 2) strong exports guidance and 3) expected improvement in margins. We value Indoco Remedies at Rs 440 i.e. 14x P/E on FY25E EPS of Rs 31.5 For all … [Read more...] about Buy Indoco Remedies; target of Rs 440: ICICI Direct

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × ICICI Direct's research report on HDFC AMC HDFC AMC is among the largest and profitable mutual funds with an QAAUM of ~Rs 4.4 lakh crore as on December 2022. Market share as on Q3FY23 was at 11.2% • Strong distribution network with 228 branches and over 75,000 empanelled distribution partners. Outlook We maintain our BUY rating on the stock. However, growth in AUM amid gain in market share to compensate for pressure on yield & drive earnings growth. Thus, we value the business at ~27x FY25E EPS and revise our target from Rs 2600 to Rs 2250. For all recommendations report, click here Read More Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website … [Read more...] about Buy HDFC AMC; target of Rs 2250: ICICI Direct

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × ICICI Direct's research report on Jindal Stainless Hisar Jindal Stainless (Hisar) (JSHL) is one of the leading players in the Indian stainless steel market. JSHL is the largest specialty stainless steel producer in India with a diversified value-added product portfolio • JSHL operates an integrated stainless steel plant at Hisar, Haryana. JSHL has a total melting capacity of 0.8 million tonnes per annum (MTPA). Outlook We maintain our BUY rating on the stock. We value JSHL at Rs 585, based on merger ratio. For all recommendations report, click here Read More Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com … [Read more...] about Buy Jindal Stainless Hisar; target of Rs 585: ICICI Direct

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × ICICI Direct's research report on Supreme Industries Supreme Industries (SIL) is India’s leading plastic processing company with a presence in four major segments including piping systems, packaging products, industrial products & consumer product category with revenue contribution of 63%,16%, 16% & 5%, respectively. Market leader in the PVC pipe industry with a value market share of 15% • Robust balance sheet with RoE & RoCE of 24% & 27% (five-year average), respectively, with stringent working capital policy. Outlook We maintain our BUY rating on the stock. We value the stock at 28x P/E FY25E EPS and revise our target price to Rs 2880. For all recommendations report, click here Read More Disclaimer: The views and investment tips expressed by … [Read more...] about Buy Supreme Industries; target of Rs 2880: ICICI Direct

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Sharekhan's research report on Maruti Suzuki India This was the consecutive second quarter when MSIL has registered EBIDTA margin above 9% backed by favourable product mix and gross margin expansion. Management bets on launches of SUVs and CNG variants to regain its market share. The company continues to strengthen its distribution network through increasing presence penetration. Backed by a strong response to its SUVs, the management is looking for a leadership position in SUV segment in coming years. Outlook We reiterate our Buy rating on Maruti Suzuki India Limited (MSIL), with an unchanged PT of Rs. 10,965, factoring gains in market shares through refreshed and new launches. stock trades at P/E of 22.2x and EV/EBITDA of 16.3x on FY2025E earnings estimates. For all … [Read more...] about Buy Maruti Suzuki India, target of Rs 10,965: Sharekhan

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Prabhudas Lilladher's research report on Maruti Suzuki We increase our EPS estimates by 6/3/1% for FY23/24/25 as we build in higher realisations led by improved product mix along with volumes for newly launched Jimny and Fronx. In 3QFY23, Maruti’s (MSIL) EBITDA margin at 9.8% expanded 50bps QoQ led by (1) better-than-expected realisations (Rs 623k, +8% QoQ) driven by increased contribution from UVs (21% vs 16% sequentially) and (2) benefit from raw material cost softening (+40 bps QoQ). The company currently has order book of 363k units of which ~33% is contributed by new models – Brezza, Vitara, Baleno. Newly launched Jimny (off-roader) and Fronx (compact SUV) have also received good response and deliveries are expected to commence from beginning of FY24. This will lead to increased … [Read more...] about Buy Maruti Suzuki; target of Rs 10,600: Prabhudas Lilladher

Nykaa stated that currently, P Ganesh is CFO at TAFE Group.(Representative image) Nykaa, which is operated by its listed parent company FSN E-Commerce Ventures , on January 23 said that it has appointed P Ganesh as the company's chief financial officer (CFO) with effect from February 3, 2023. Currently, he is CFO at TAFE Group. Prior to TAFE, he has held leadership roles in India and overseas with the Godrej Group, Glenmark Pharma and Pidilite. As per the company's regulatory filing, P Ganesh is a Chartered Accountant, Cost and Management Accountant and Company Secretary and has over 27 years of "rich industry experience in domestic and international markets." Commenting on the appointment,  Falguni Nayar, Founder and CEO, Nykaa, said, “We are pleased to welcome Ganesh to our leadership team and be part of Nykaa’s growth story that will benefit from his rich financial experience. His knowledge about the Indian financial market and insights into International markets will … [Read more...] about Nykaa appoints P Ganesh as CFO effective February 3

Gaurav Kapoor, a New Delhi-based stand-up comedian, has over a million subscribers on YouTube. His channel is full of daily vlogs and occasional stand-up videos. Kapoor is usually the one cracking one-liners. But when it comes to promoting Mamaearth’s products, he becomes the butt of jokes. Kapoor and other influencers have promoted Mamaearth products extensively since the company was incorporated in 2016. For the average YouTube viewer, the sheer number of ads of the then-fledgling brand would easily have got on one’s nerves. Mamaearth is the flagship brand of Honasa Consumer, a beauty and personal care company that plans to come out with an initial public offering. The company filed its draft IPO papers on December 30. Also Read: Mamaearth parent files IPO papers; Sofina, Stellaris, Kunal Bahl, Shilpa Shetty to sell stake Read More The amount spent on advertising and influencer marketing stands out in the company’s draft red herring prospectus. As of … [Read more...] about P/E of 1,000? Investors cautious over huge valuation of Mamaearth IPO