Ph china debt

PRO Only Highlights - Quarterly performance largely backed by improved realisations - Medium-term triggers China plus and protectionist measures for tyre industry - Valuations not inexpensive; but improved medium-term outlook Highlights Decent quarterly performance with good top-line growth Gross margin expands, headroom for improvement Operating margin impacted by one-off provision and higher advertising expense Early signs of improvement in the premium category Luggage sector has huge headroom for growth with multiple tailwinds Own manufacturing and preference for hard luggage positive for margin Market share gains from unorganised players continue A high visibility consumption stock should form a part of core portfolio VIP Industries (VIP, CMP: Rs 724 Market Cap: Rs 10,251 crore) has posted a decent quarter in... … [Read more...] about VIP Industries Q3 FY23: Why this core portfolio stock needs to be on your radar

Representative Image Reliance Power on Saturday said its consolidated net loss widened to Rs 291.54 crore in the December 2022 quarter. The company's consolidated net loss was Rs 97.22 crore in the quarter ended December 2021, a BSE filing showed. The total expenses rose to Rs 2,126.33 crore in the quarter from Rs 1,900.05 crore in the year-ago period. Its total income stood at Rs 1,936.29 crore in the quarter against 1,858.93 crore a year ago. The company made a debt repayment of Rs 178 crore in the quarter, and its debt-equity ratio stood at 2.03:1. Read More It reported a net worth of Rs 11,219 crore. It has an operating portfolio of 5,945 MW. The Board of Directors, at its meeting held on Saturday, has appointed Ashok Kumar Pal as the Chief Financial Officer (CFO) of the company from January 29, 2023. Pal is a qualified Chartered Accountant with extensive hands-on experience of over 22 years. He has an established record of success in finance, … [Read more...] about RPower loss widens to Rs 291 crore in Q3

Multiple growth levers are in place such as cost efficiencies, strength in asset quality, high capitalisation, and improved profitability to further enhance the ROE PRO Only Highlights - Quarterly performance largely backed by improved realisations - Medium-term triggers China plus and protectionist measures for tyre industry - Valuations not inexpensive; but improved medium-term outlook Highlights Highest-ever quarterly disbursement Momentum is picking up in the co-lending arrangement AUM growth guidance of 30 percent remains intact NIM and spread compression expected in the medium term Overdue buckets continue to shrink Technology remains key driver for cost optimisation Diversifying funding sources Valuation reasonable, given the growth Home First Finance (HFFC; CMP: Rs 794; M Cap: Rs 6,950 crore) has posted healthy quarterly results, riding on improved macros. Net profit increased 28 percent year on year (YoY) in Q3FY23, demonstrating robustness and … [Read more...] about Home First Finance: Consistent show to support valuation re-rating

The December 2022 quarter results of Heritage Foods were below expectations. PRO Only Highlights - Quarterly performance largely backed by improved realisations - Medium-term triggers China plus and protectionist measures for tyre industry - Valuations not inexpensive; but improved medium-term outlook Highlights Higher raw milk prices impacted the performance Value-added products saw higher growth The March 23 quarter performance also likely to be impacted Investors with a longer-term view can add and accumulate on declines The December ’22 quarter results of Heritage Foods (HFL; CMP: Rs171) were below expectations. Companies in the dairy segment continued to remain impacted by higher raw milk prices. Value-added products contributed around 29 percent to the revenues for the 9-month period ended December ’22 against 40 percent targeted for the... … [Read more...] about Heritage Foods: What lies ahead after a soft quarter?

Thangamayil Jewellery Ltd posted healthy earnings growth in Q3FY23. PRO Only Highlights - Quarterly performance largely backed by improved realisations - Medium-term triggers China plus and protectionist measures for tyre industry - Valuations not inexpensive; but improved medium-term outlook Highlights: Healthy earnings growth in Q3FY23 Demand scenario strong Store expansion to continue Expect improvement in margins Thangamayil Jewellery Ltd (TMJL; CMP: Rs 1,075; Market cap: Rs 1,475 crore) posted healthy earnings growth in Q3FY23. A strong consumer demand led to good growth while the company also maintained margins. According to the company, the demand scenario remains strong despite a surge in gold prices, which have risen about 15 percent in the past three months. TMJL would continue its store network expansion and further strengthen its... … [Read more...] about Thangamayil Jewellery: Shining opportunity in the long run

Baroda BNP Paribas Mutual Fund started operations on March 14 as Baroda Asset Management Company and BNP Paribas Asset Management Company’s merger finally came through after more than two years. PRO Only Highlights - Quarterly performance largely backed by improved realisations - Medium-term triggers China plus and protectionist measures for tyre industry - Valuations not inexpensive; but improved medium-term outlook Highlights Strong earnings in Q3 FY23 AUM growth led by organic as well as inorganic growth Acquired mutual fund assets of iFast during the quarter Product mix improves further in favour of equity assets Superior business model Valuation rich The stock of Prudent Corporate Advisory Services (CMP: Rs 1,005; Mcap: Rs 4,162 crore) had a great run on the bourses since its listing last year in May.  The mutual fund distributor’s stock has more than doubled in the last 6 months and is up 62 percent... … [Read more...] about Why is this mutual fund distributor buzzing on bourses since its listing in May last year?

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

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?

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

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