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supreme industries upgraded to buy with revised target price of 5752

Prabhudas Lilladher has upgraded its recommendation for Supreme Industries to 'BUY' with a target price of Rs 5,752, following a recent stock price correction. Despite a slight volume growth of 0.2% in Q2FY25, the company anticipates a 14-15% overall volume growth for FY25, driven by capacity expansions and new product launches. Earnings estimates for FY25 to FY27 have been revised downward, reflecting challenges in the plastic pipe segment, but the long-term outlook remains positive.
Moneycontrol
Indian Rupee The Supreme Industries Limited IND Prabhudas Lilladher
Finance & Economy, Market Report
07:35 24.10.2024

can fin homes targets growth with positive quarterly performance and revised valuation

Prabhudas Lilladher has upgraded Can Fin Homes with a target price of Rs 1,000, citing a positive quarter with NII/NIM surprises and a QoQ NIM increase to 3.65%. The company aims for loan disbursals of Rs 100 billion in FY25, targeting 13-15% YoY growth, and plans to enhance growth to 15-17% in FY26E. With a valuation adjustment, the firm remains bullish on Can Fin Homes.
Moneycontrol
Can Fin Homes Limited IND
Finance & Economy, Market Report
07:35 24.10.2024

Mahindra Logistics faces challenges as EBITDA margin falls to 4.4 percent

Mahindra Logistics Ltd's operating performance fell short of expectations, reporting an EBITDA margin of 4.4%, impacted by unabsorbed white space, seasonal hiring costs, and losses in the B2B express segment. A 35-40% increase in volume is needed for break-even, posing challenges ahead. Prabhudas Lilladher maintains a 'HOLD' rating with a revised target price of Rs 493, down from Rs 500, reflecting concerns in the B2B segment.
Moneycontrol
Mahindra Logistics Ltd. IND
Finance & Economy, Market Report
07:34 24.10.2024

Hindustan Unilever faces growth challenges with revised earnings forecasts

Hindustan Unilever's EPS estimates for FY25-27 have been reduced by 4.1-5.7% due to soft urban demand, commodity inflation, and competitive pressures. The company is focusing on formulation changes and price adjustments to improve margins, with a projected 9.1% PAT CAGR over FY25-27. A target price of Rs 2744 is set, maintaining a HOLD recommendation amid a 13% correction from peak levels.
Moneycontrol
Hindustan Unilever Limited IND Show more
Finance & Economy, Market Report
07:34 24.10.2024

foreign investors sell record indian equities amid rising us interest rates

Foreign institutional investors (FIIs) have sold a record Rs 92,142.97 crore in Indian equities in October 2024, driven primarily by rising US interest rates rather than a shift towards Chinese markets. This marks the fourth instance since 2007 where FIIs have offloaded over $10 billion, while domestic institutions have helped mitigate the market decline. Despite the sell-off, Indian markets have not fallen as sharply as their Chinese counterparts.
Moneycontrol
United States Dollar Chinese markets Apple Inc. IND USA CHN Show more
Finance & Economy, Market Report
07:34 24.10.2024

kajaria ceramics faces profitability decline but maintains accumulate rating

Kajaria Ceramics reported a decline in profitability with a 250bps YoY margin contraction in Q2FY24, prompting a downward revision of its tiles volume guidance to 9-10% from 11-13%. Despite an 8.4% YoY volume growth, revenue estimates have been adjusted downwards by 9.5% for FY25, with a target price set at Rs 1,604, maintaining an 'Accumulate' rating.
Moneycontrol
Kajaria Ceramics Limited IND
Finance & Economy, Market Report
07:34 24.10.2024

Prabhudas Lilladher maintains reduce rating for SRF with target price of 2036

Prabhudas Lilladher has maintained a 'REDUCE' rating on SRF, setting a target price of Rs 2,036. The chemicals segment saw an 8% revenue decline in Q2FY25, primarily due to weak agrochemical demand and challenges in the fluorochemicals business, despite a strong domestic refrigerants market. The packaging segment benefited from a 27% revenue increase, but margins are under pressure from cheaper imports in textiles and a demand-supply imbalance in BOPET films.
Moneycontrol
SRF Altech Ltd. IND
Finance & Economy, Market Report
07:33 24.10.2024

nvidia ceo seeks growth in india through strategic partnerships

Nvidia CEO Jensen Huang is pursuing growth in India through partnerships with major corporations like Reliance Industries and Infosys. At an AI summit in Mumbai, he will discuss the transformative potential of AI in various sectors with industry leader Mukesh Ambani.
bloomberg.com
Reliance Industries Limited NVIDIA Corporation Infosys Limited IND Mukesh Ambani Jensen Huang Show more
Technology & Innovation, News Article
07:31 24.10.2024

Danone reports strong sales growth driven by increased product sales

Danone SA reported a 4.2% increase in quarterly revenue, surpassing analysts' expectations of 3.75%. The growth was attributed to higher product sales rather than price hikes, marking a consistent trend of exceeding top-line sales expectations since early 2021.
bloomberg.com
Euro Danone S.A. FRA
Finance & Economy, Market Report
07:31 24.10.2024

budget law 2025 cuts schools health care and pensions amid opposition protests

President Mattarella signed the 2025 Budget Law, which includes significant cuts to school personnel, health care funding, and tax benefits for company cars. The opposition criticizes the minimal increase in minimum pensions as a mere "handout," while public sector workers prepare for strikes over staffing reductions and inadequate health care allocations. The law also implements a freeze on ministry budgets, aiming for savings of 5.2 billion euros in 2025.
Corriere della Sera
Euro ACI RAI ITA Giuseppe Conte Giuseppe Valditara
Finance & Economy, News Article
07:30 24.10.2024
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