Prabhudas lilladher

Electrification of mobility has been the most disruptive trend, even lopping off a big chunk of the revenue share for auto-ancillaries. (Photo by Magda Ehlers/Pexels) Auto ancillary companies have been busy in the last few days. On February 17, Minda Corp announced that it was buying a 15.7 percent stake in Pricol Limited . On February 18, Lumax Auto Technologies signed a deal to buy a majority stake in IAC India. Then, on February 19, Samvardhana Motherson announced a pact to acquire the Germany-based cockpit-module maker SAS. What is driving these acquisitions? There are various reasons, analysts Moneycontrol spoke to said. According to these industry experts, the companies are bulking up to face disruptive trends such as electrification and premiumisation, they are moving up the value chain to survive, and they see reasonably priced, good companies to buy. Also read: Minda Corp will be a minority shareholder in Pricol with no special rights: Akash Minda … [Read more...] about 3 big announcements in 3 days: What’s causing all the buzz in auto-ancillary sector?

Zee Entertainment Enterprises Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Subhash Chandra’s Zee Entertainment Enterprise Ltd (ZEEL) has been on a downward trajectory since October 2022, and the negative trend has become more pronounced since December. ZEEL’s problems multiplied manifold when IndusInd Bank filed for initiating insolvency proceedings against the broadcaster in the Mumbai branch of the National Company Law Appellate Tribunal (NCLAT) on February 22. ZEEL was the guarantor of IndusInd Bank's Rs 150-crore loan to Essel Group's Siti Networks. It failed to honour the Debt Service Reserve Account Guarantee Agreement (DSRA). The shortfall amounted to Rs 83 crore. This news led the stock to tank over 13 percent on February 23 and since then the counter has been volatile, with daily swings ranging as high as 10 … [Read more...] about Zee Entertainment: Merger with Sony is the only hero in this daily soap

Total revenue for Avenue Supermarts for the October-December 2022 quarter stood at Rs 11,569 crore, up 25 percent year-on-year Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Avenue Supermarts fell close to 4 percent in early trade on January 16 after the company's December quarter net profit failed to meet analyst estimates. The owner and operator of DMart chain of retail stores reported a 6.6 percent rise in consolidated post-tax profit at Rs 590 crore for the quarter ended December 2022 as against Rs 553 crore a year back. Analysts had forecast net profit of Rs 646.5 crore. Total revenue for Avenue Supermarts for the October-December quarter stood at Rs 11,569 crore, as against Rs 9,218 crore last year, the company said in a stock exchange filing on January 14, indicating a 25.5 percent on-year growth. Earnings before … [Read more...] about D-Mart dives after poor December quarter results: What should you do with the stock?

Representative image (Source: ShutterStock) On February 1, finance minister Nirmala Sitharaman allocated capital investment worth Rs 35,000 crore towards energy transition and achieving India’s goal of net zero carbon emissions by 2070. An additional Rs 19,700 crore was sanctioned for the government's National Green Hydrogen Mission. India views green hydrogen as a key decarbonisation tool and plans to increase its production to 5 million tonnes annually by 2030, entailing the setting up of at least 125 GW of renewable energy and significant electrolyser manufacturing capacity. Hydrogen is a clean fuel with no carbon emissions at the end-use stage. However, producing hydrogen from fossil fuels adds to the carbon footprint. The target is to produce green hydrogen from electrolysis of water using green or renewable energy, which has no carbon emissions. This will result in virtually zero emissions during generation and end use. G20 Sherpa Amitabh Kant said India has the … [Read more...] about Green hydrogen: Prominent names set to benefit from government push

Representative Image The government’s focus on Atmanirbhar Bharat has encouraged investors to look at defence stocks. With a lot of hype around the defence pack, a deep dive into the sector surfaced an interesting question: should one invest in a private or a state-owned defence company? A section of the market believes public defence companies could be a risky bet. Sachin Shah, Fund Manager at Emkay Investment Managers, pointed out that most of the large defence companies are PSUs, and in general, his experience of investing in PSU companies has not been very encouraging. He explained: “There is a fear of long-pending receivables as most of the clients of these PSU defence companies are the central government and state-owned agencies.” But there are quite a few private sector listings in the sector that are on his radar, he added. Even Rohan Mehta, CEO & Portfolio Manager, Turtle Wealth, cautioned that there was a lot of fear regarding stuck payments and corporate … [Read more...] about Private defence stocks over public ones? Here’s what the market thinks

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × We have seen bears holding a tight grip over the market, which resulted into the benchmark indices closing below 200-DMA (daily moving average - 17,384) as well as the low of budget day (17,353) on February 28. Commodity stocks like metal, and oil and gas, along with technology, pharma and select FMCG stocks saw selling pressure. The BSE Sensex corrected more than 300 points to 58,962, while the Nifty50 declined 89 points to 17,304, and formed a bearish candlestick pattern on the daily charts, with making lower highs lower lows for eighth consecutive session. However, we have seen the broader markets outshining the benchmarks despite negative breadth. The Nifty Midcap 100 index was up seven-tenth of a percent and Smallcap 100 index rose four-tenth of a percent. Stocks that were in action … [Read more...] about Trade Spotlight | JSW Energy, JBM Auto, Zensar Technologies: Your game plan for today

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Bulls kept the markets charged up for the second straight session but there was pressure at the higher levels which drove the benchmark indices off the day's high at the close on March 6. This may be indicating that the healthy strength is yet get build up, though we have a two-day rally. The index has formed small bodied bullish candle with long upper shadow which resembles the shooting star kind of a pattern on the daily charts, which is a bearish reversal pattern. The Nifty almost hit 17,800 but failed to hold on to the same, and closed at 17,711 with 117 points gain with above average volumes for the second day in a row. In the current month so far, the index gained more than 400 points from nearly four-and-a-half-month lows. Going ahead, 17,800 is expected to be crucial resistance … [Read more...] about Women’s Day Special | Woman experts on Dalal Street line up top 12 trading ideas

Automobile companies Bajaj Auto, Tata Motors, and Mahindra & Mahindra continue to generate optimism among analysts despite volatility in the market last month. According to Moneycontrol's Analysts' Call Tracker , these companies were among 10 stocks with the maximum contrarian calls over the month. A contrarian call is when an analyst recommends buying a stock although its price is falling, or the other way round. In January, Bajaj Auto gained about 6 percent, while Tata Motors and M&M added 16.5 percent and 10.5 percent, respectively. The sharp gains in the first month of 2023 gave investors more room to book profits in February, when weak market sentiment resurfaced due to renewed concerns that the US Federal Reserve may keep hiking interest rates to rein in sticky inflation. EV focus For Bajaj Auto, another major drag in February came after the company cut production at its export-focused plants by up to 25 percent. As a result, the stock shed 6.23 … [Read more...] about Analyst Call Tracker: Why three auto stocks are winning over analysts amid price volatility?