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UBS has upgraded Ambuja Cements to "Buy" from "Sell," raising the target price to INR 620 from INR 475, citing improved operational capabilities and growth prospects. The company is expected to achieve a capacity target of 140 million tons per annum by fiscal 2028, with significant margin expansion anticipated in the medium term.Analysts forecast Ambuja Cements to be the fastest-growing cement company in India from fiscal 2025 to 2028, with market share increasing to 18% in demand and 16% in capacity by FY 2030. Consolidated EBITDA is projected to double between FY 2025 and FY 2027, driven by substantial volume increases.
The Huawei Watch Fit 3 is set to launch next week, featuring a variety of colors including grey, white, green, pink, and black, with options for silicone or leather straps. The regular model is priced at €159 (approximately Rs 14,800), while the leather strap version costs €179 (around Rs 16,700). Speculation suggests the Indian price may be around Rs 20,000.
The Payment Council of India has urged the Prime Minister to reconsider the Zero Merchant Discount Rate (MDR) policy for UPI and RuPay transactions, following a significant reduction in the government’s subsidy for the current fiscal year. They propose reintroducing a 30 basis points MDR for large merchants, aligning it with existing rates for credit and non-Rupay debit cards. Despite the current subsidy limitations, there is optimism that a fee for UPI payments may be implemented for large merchants soon.
Saudi Arabia's sovereign wealth fund, alongside five regional counterparts, is set to control $18 trillion in assets by 2030, bolstered by aggressive investments, particularly in Asia and Africa. Gulf funds are enhancing their capabilities and expanding their global footprint, with significant investments in China amid a strategic shift from Western markets. As competition intensifies, these funds are focusing on performance and governance, employing around 9,000 professionals to drive innovation and efficiency.
UBS has issued a bullish outlook on Shyam Metalics, projecting a 35% upside with a target price of INR 1,175 per share, driven by the anti-dumping duty on Chinese aluminium foil and increased production capacity. The company reported a 110% surge in stainless steel sales and a 23% rise in aluminium foil sales year-on-year, bolstered by strong market sentiment, with five out of six analysts recommending a 'buy'. As of March 24, shares were trading at INR 873, reflecting a 17.11% year-to-date gain.
Fisdom reported a 19% decline in its fiscal year 2024 losses, bringing the total to INR 57 crore. This reduction reflects the company's ongoing efforts to improve its financial performance amid challenging market conditions.
Amazon India will eliminate referral fees for over 12 million products priced below 300 rupees, effective April 7, benefiting small sellers across 135+ categories, including grocery and apparel. Shipping rates have also been reduced, with national fees dropping to 65 rupees and weight handling fees for items under 1 kg lowered, allowing significant savings for sellers. Additionally, the Renewed platform will no longer sell externally refurbished products, while the Bureau of Indian Standards has seized uncertified products from e-commerce warehouses due to safety concerns.
UBS has upgraded UltraTech Cement, Ambuja Cements, and Dalmia Bharat to "buy," citing a rebound in demand after a challenging fiscal year 2025. The firm raised UltraTech's price target to 13,000 rupees and forecasts an 18%-43% core profit CAGR for these companies from FY2025-27, driven by increased government spending and a housing upcycle. Despite recent share declines, market leaders are expected to benefit from ongoing sector consolidation.
India's financial system has strengthened since 2017, with non-bank lenders better capitalized to handle economic shocks while maintaining moderate lending. The IMF's latest assessment highlights regulatory improvements by the RBI and the expansion of public digital infrastructure, though it calls for enhanced legal and tax frameworks. While the insurance sector remains stable, risks from climate change and cybersecurity require improved risk management strategies.
BlackBuck has invested INR 40 crore into its vehicle financing business, signaling a significant commitment to expanding its financial services. This move aims to enhance support for logistics and transportation sectors, reflecting the company's growth strategy in the market.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
ubs upgrades ambuja cements to buy raises target price to inr 620
06:33 25.03.2025
huawei watch fit 3 set to launch with multiple variants and pricing
06:23 25.03.2025
Payments Council calls for reintroduction of MDR on UPI and RuPay transactions
06:06 25.03.2025
gulf sovereign wealth funds expand investments in asia and africa
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06:05 25.03.2025
Shyam Metalics poised for growth with UBS target price increase
05:39 25.03.2025
Fisdom reports 19 percent decline in FY24 losses to INR 57 crore
05:12 25.03.2025
Amazon India eliminates referral fees to aid small sellers and reduce costs
04:45 25.03.2025
ubs upgrades cement stocks as demand rebounds in india
04:33 25.03.2025
India's financial system shows improved resilience and regulatory advancements, says IMF
02:57 25.03.2025
BlackBuck invests 40 crore in vehicle financing sector expansion
23:38 24.03.2025
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