Hero Motocorp is focusing on launching new premium products and expanding its EV portfolio with affordable options. The company is also enhancing its retail presence through new Premia stores and Vida Hubs, while management is optimistic about growth driven by increased demand in rural areas. With a long-term EBITDA margin target of 14-16%, the stock is rated a BUY with a price target of ₹5,796.
Maersk has unveiled its latest dual-fuel methanol vessel, the A.P. Møller, as part of its decarbonization efforts, aiming for net-zero emissions by 2040. This 350-meter ship can run on green methanol, significantly reducing CO2 emissions and sulfur pollutants. With plans for 25 such vessels by 2027, Maersk is leading the industry towards sustainable shipping, supported by increasing client demand and regulatory changes.
Geopolitical tensions, including the Russia-Ukraine war and the Israel-Hamas conflict, are reshaping markets, with the IMF warning of a potential decline in global growth by 2025. Gold has emerged as a safe-haven asset, while oil prices stabilize amid supply concerns. Australian stocks like GrainCorp and DroneShield show varied performance, with analysts maintaining positive outlooks despite recent challenges.
IG
05:28 28.11.2024
Yes Securities has added LIC to its buy list, setting a target price of Rs 1175 per share. The company has overcome previous APE growth slowdowns and is now experiencing significant year-on-year VNB growth, alongside effective cost management reflected in its reasonable expense ratio.
Moody’s Ratings is reviewing Sri Lanka’s sovereign credit rating for a potential upgrade as the country nears completion of its dollar bond restructuring. The new dollar notes offered for swap have been assigned a (P) Caa1 rating, while dollar debt maturing in 2030 has reached its highest level since June 2021.
Ola Electric's stock surged 35% over five days, driven by the launch of its affordable electric scooters, the S1 Z and Gig range, starting at Rs 39,000. Citigroup initiated a 'buy' call with a price target of Rs 90, citing Ola's 38% market share in the EV two-wheeler sector and strong R&D capabilities. As of 09:49 am, shares were trading at Rs 91.89 on the NSE.
Carnelian Asset Management exited its investment in Ola Electric just a week after the IPO, achieving nearly 100% returns, which surpassed the expected three-year target. Founder Vikas Khemani remains optimistic about Ola's market share and profitability potential, while the firm has also invested in Hyundai Motors and Spicejet, anticipating growth in domestic consumption and a turnaround for Spicejet.
M&M, Hyundai, and Kia are among eight car manufacturers facing penalties totaling up to Rs 7,300 crore for failing to meet emission standards. Hyundai faces the largest penalty of over Rs 2,800 crore, while Mahindra and Kia could incur penalties of nearly Rs 1,800 crore and over Rs 1,300 crore, respectively. The Bureau of Energy Efficiency's stricter norms, effective from January 2023, require significant reductions in fuel consumption and carbon dioxide emissions, but car makers argue they should not be penalized for the entire fiscal year 2023.
Colgate Palmolive's recent analyst meet revealed a cautious outlook due to urban demand slowdown, plateauing rural demand, and peaked margins amid rising promotional intensity. The company aims for growth through key strategies in toothpaste, premiumization, toothbrushes, and personal care, expecting mid-single-digit volume growth and a 9.1% EPS CAGR from FY25-27. With a target price of Rs 2973, the stock is rated as a Hold following a 23% price correction from its peak.
The Bank of Korea has cut its benchmark interest rate by a quarter percentage point to 3% to support a slowing economy, revising its growth forecasts down to 2.2% for 2024 and 1.9% for 2025. This marks the second consecutive month of rate cuts amid high inflation and rising household debt, as global economic uncertainties persist. The bank's actions follow a previous cut in October, the first since May 2020, as concerns grow over the impact of new U.S. tariffs and geopolitical tensions.
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