Ajay Bagga, a market expert, advises against investing in the auto sector due to sluggish passenger vehicle sales and high valuations. He recommends waiting before making any investments, including in IPOs. Despite previous expectations for a boost during the festival season, current market conditions suggest a cautious approach is necessary.
Bajaj Finance shares in focus ahead of Q2FY25 earnings. Here’s what to expect
Shares of Bajaj Finance are expected to gain attention as the company reveals its Q2FY25 earnings, with net interest income projected between Rs 8,810 crore and Rs 9,187 crore, reflecting a 22-28% YoY hike. Analysts predict healthy growth in PAT, NIMs, and robust customer additions.
Jonathan Schiessl on why he will sit on the sidelines on auto and realty stocks
Jonathan Schiessl from Westminster Asset Management discusses the Indian real estate and auto markets. He is cautious on realty stocks, selective in auto investments with an interest in Maruti, and skeptical about Tata Motors due to Jaguar Land Rover issues. Schiessl sees long-term opportunities in urban consumption despite current market volatility.
Buy IT stocks on every dip; avoid NBFCs for now: Nischal Maheshwari
Market expert Nischal Maheshwari provides insights on IT, BFSI, NBFCs, and FMEG sectors. He emphasizes that IT stocks are a good buy during dips, BFSI growth is positive, but suggests caution with NBFCs due to RBI guidelines. He also mentions temporary issues with margins in FMEG due to raw material costs.
Kotak Bank shares in focus after Q2 profit rises 5% YoY
Kotak Mahindra Bank Share Price: The bank’s net interest income (NII) for Q2FY25 increased 11% YoY to Rs 7,020 crore, from Rs 6,297 crore in the corresponding quarter of the previous financial year.
HDFC Bank to offload Rs 10,000 cr worth stake in Rs 12,500 cr IPO of HDB Financial Services
Leading private lender HDFC Bank is set to divest Rs 10,000 crore worth of its stake in HDB Financial Services in a forthcoming IPO. This move comes in response to new regulatory norms and aims to enhance HDB’s lending capabilities and digital infrastructure.
Kotak Mahindra Bank Q2 Results: Net profit below estimates as RBI ban, rise in NPA bite
Kotak Mahindra Bank reported a 5% increase in standalone profit to Rs 3,344 crore for the quarter ended September 2024, driven by an 11% growth in net interest income. However, rising NPAs and a slowdown in consumer loans pressured margins and increased provisions.
Shapoorji Pallonji Group’s Afcons Infra to float Rs 5,430-cr IPO on October 25
Afcons Infrastructure Ltd, a part of the Shapoorji Pallonji Group, is set to launch a Rs 5,430-crore IPO on October 25, featuring both fresh shares and an offer for sale by promoter Goswami Infratech. The proceeds will be used for equipment, working capital, and debt repayment.
Waaree Energies raises Rs 1,277 crore from anchor investors ahead of IPO
Waaree Energies raised Rs 1277 crore from 92 anchor investors ahead of its IPO, allocating 84.95 lakh shares at Rs 1,503 each. Funds will be used for a 6 GW manufacturing facility and general corporate purposes. Revenue and profit surged significantly in Fiscal 2024.
L&T Finance Q2 Results: Net profit rises 17%; expects challenging six months ahead
Non-bank lender L&T Finance reported a 17% rise in consolidated profit after tax, reaching Rs 696 crore. The company’s assets grew by 18%, with retail disbursements up 12%. Facing sectoral challenges, the firm aims to prioritize credit outcomes, maintaining stable net interest margins and reducing the cost of funds.