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Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × State Bank of India (SBI) is likely to report strong performance for the quarter ended March 2022 when it will declare its results on May 11. Experts expect India’s largest banker to report a robust on-year growth of 50 percent for the quarter and expect its net interest income (NII) to increase 16 percent over the same period last year. According to a poll of four brokerages conducted by Moneycontrol , SBI is likely to post a net profit of Rs 10,075 crore for the quarter ended March 2022 on a NII of Rs 31,360 crore. The bank had registered a PAT of Rs 6,451 crore during the corresponding period last year with NII coming in at Rs 27,067 crore. The profit during the October – December period stood at Rs 8,432 crore when the bank had registered a NII of Rs 30,687 crore. Close … [Read more...] about State Bank of India Q4 Results Preview | Profit may surge 50% on healthy loan growth, asset quality

(Image: Shutterstock) Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Mahindra & Mahindra Ltd (M&M) is likely to report a year on year growth of about six times or 520 percent in standalone profit after tax to Rs 1,000 crore for the quarter ended March today. Sequentially, PAT is seen declining 25 percent due to higher cost of raw materials and other expenses as well as lower other income. Revenue for the Mumbai based automaker is expected to grow 26 percent on year to Rs 16,880 crore aided by increase in volumes, higher realisations and improved product mix in favour of better priced sports utility vehicles (SUV). The company had reported a standalone PAT of Rs 162.5 crore during the corresponding period in the previous financial year while achieving a revenue of Rs 13,338 crore. PAT was impacted by an exceptional … [Read more...] about M&M Results Preview | Profit to decline 25% sequentially on higher costs

Naveen Kulkarni of Axis Securities The sense on the Street is that India's banking shares could be a big mover over the next 12 months, as all the positives start getting priced in. In conversation with Moneycontrol, Naveen Kulkarni, Chief Investment Officer at Axis Securities also believes that the picture for Indian IT sector 'remains quite complex' at this juncture. He advices investors to be selective, and also to wait for another quarter to understand the changing trends here. Here's the full interaction. Do you think the new-age tech companies will delay their IPO plans, especially after already-listed new-age companies were hit quite badly in the recent turmoil and corrected more than others? The market has changed for technology companies after the significant correction seen on the Nasdaq. As central bankers around the world try to manage the liquidity - which is fuelling global inflation - the cost of funds will continue to rise. This will have the most … [Read more...] about Daily Voice | FII selling may now abate, banks ripe for up move over 12 months

The downtrend in the market is far from over, if technical evidences are considered, and the broader index may decline to a level anywhere between 13,950 and 13,500, says Mazhar Mohammad, Founder and Chief Market Strategist at Chartviewindia. "We are not buyers at these levels but wait for a panic bottom to form around 14,000 levels which should be a good opportunity," he says during an interview with Moneycontrol . But, investors can focus on themes like electric vehicle (EV) ecosystem from Auto space, high beta large-cap private banks space and can start accumulating some of the midcap IT counters which corrected by 40 - 50 percent, he says. Excerpts from the interview: Do you think the Nifty50 has bottomed out after hitting a fresh 52-week low so far as chart patterns and sentiment indicators show? In recent times, more often than not, investors have seen markets staging bigger rallies after slightly bigger corrections or a market crash kind of situation. Hence, it … [Read more...] about Chart patterns hint at more downsides, wait for panic bottom at 14,000 on Nifty, says Mazhar Mohammad of Chartviewindia

Siddharthaa Bhaiya, Managing Director and Fund Manager of Aequitas, said their investment philosophy is guided by a multibagger approach that identifies long-term potential through extensive in-house research. They invest in Indian listed equities in small and mid cap space and identify companies that are leaders by way of margin or sales in their respective sectors. Siddharthaa Bhaiya added that they hold stocks through their entire wealth creation journey making average holding period approximately 4-5 years. In an interview to Moneycontrol, he said they do see potential in the auto space. Here are edoited excerpts from that interview: What is your investment philosophy and what is your suggestion to the new-age investors? Close Don't try to time the market : As famously said by Peter Lynch: “Far more money has been lost by investors trying to anticipate corrections, than lost in the corrections themselves.” Nobody can predict what is going to happen … [Read more...] about Don’t try to time the market, advises Siddharthaa Bhaiya of Aequitas

"It will be early to assume that the full impact of headwinds (that confront the global and Indian economy currently) are priced in," says Dhananjay Sinha, Managing Director and Head Strategist and Economist - Equity Research at JM Financial Institutional Securities. Gauging the markets using this monitor, JM Financial sees that 30-35 percent of the characteristics of past capitulation are visible as of now, leaving further scope for adjustments. Hence they expect commodity prices to correct further and crude would be the last to collapse, giving rise to a scenario of market capitulation. Thus, the markets may still be afar from a deep value situation, Sinha shares in an interview with Moneycontrol . Excerpts from the interview: Do you think the market fully priced in all these risk factors? Do you see any other risk that the market hasn't factored in yet? While it is true that the market now knows the various risks that confront the global and Indian economy, it will … [Read more...] about Daily Voice | More correction likely as these four risk factors not priced in yet, says Dhananjay Sinha of JM Financial

Tata Consumer Products Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Tata Consumer Products made significant progress on distribution, innovation and redesigning supply network and recorded market share growth in core categories of tea and salt, the company said at its annual general meeting (AGM) on June 27. The fast-moving consumer goods (FMCG) major added that its investments will position it well for future growth and digital transformation, value chain are a key focus areas for the company. Also Read: Operating environment highly volatile amid geopolitical tensions, supply chain challenges: N Chandrasekaran NourishCo, Tata Sampann, Tata Soulfull, and Tata Q  collectively grew 52 per cent in FY22 and the company opened 50 new Tata Starbucks stores last year-taking the total to 268 stores across 26 cities. Tata … [Read more...] about ‘Progress on supply network; market share gains in tea, salt categories’: Tata Consumer Products

Rama Steel Tubes: Nomura Singapore buys 1 lakh shares in Rama Steel Tubes. Nomura Singapore bought 1 lakh equity shares in the company via open market transactions on June 15. These shares were acquired at an average price of Rs 371 per share. Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Sharekhan's research report on Tata Consumer Products TCPL achieved significant success in its transformation journey by expanding its distribution reach, recording market share gains in core categories, accelerating growth in key businesses, continued innovation momentum, and expanding in new categories. Operating performance was stable in FY2022 with revenue growing by 7% and operating profit growing by 11% (with 53 bps expansion in OPM); FCF to EBITDA improved to 100% with strong cash kitty of Rs. 2,600 crore on books; Working capital days … [Read more...] about Buy Tata Consumer Products; target of Rs 960: Sharekhan

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Motilal Oswal's research report on Gland Pharma After delivering 27% earnings CAGR over FY17-22, GLAND is well-placed to sustain its earnings growth momentum over the next three-to-five years. It has been enhancing its offerings by adding complex products to its portfolio, scaling the product at the global level, expanding capacity to aid manufacturing, as well as increased backward integration. While constraints on availability of certain materials may hinder performance over the near term, GLAND is in good stead for consistent performance over the next three-to-five years. The 40% correction over the past 10-12 months, despite healthy earnings growth, provides sufficient cushion on the valuation front. The stock is trading at 30x FY23E EPS of INR89 and 23x FY24E EPS of INR113. … [Read more...] about Buy Gland Pharma; target of Rs 3700: Motilal Oswal

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Hem Securities report on Sobha The company improved its net debt to equity ratio from 1.3x in FY21 to 0.9x in FY22. ROCE of the company improved to 27.7% in FY22 from 12.3% in FY21. Consolidated EBITDA stood at Rs.204 cr grew by 36% YoY with margin of 28% (increased by 1% YoY). Revenue for the quarter stood at Rs.731 cr, up 32.15% YoY. Organization anticipates sales momentum to sustain (volume and value during FY23 likely to be flat, low double digit on YoY basis) with improving demand for ready inventories, and newer launches. Board expects revenue in the manufacturing unit to improve to ~Rs.400 crore (at pre-Covid level) during FY23. However, as raw material cost is increasing which will put higher pressure on margins and due to which company is expecting that contractual business unit is … [Read more...] about Accumulate Sobha; target of Rs 594: Hem Securities