➡️European Markets Were Expected To Open In Mixed Territory On Friday, As Investors Awaited Corporate Results And Reacted To Quarter-Point Interest Rate Cuts From The U.S. Federal Reserve And Bank Of England; European Futures; DAX (+0.12%); CAC (-0.44%
Wealth Mantra Official ️
@wealthmantraofficial
✌️Suggestions on Strong Fundamental Companies & Technical Analysis + COMPANY NEWS & RESULTS + epaper + CONCALLS🍀
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Wealth Mantra Official ️ (English)
Are you looking to enhance your investment strategy with detailed insights into strong fundamental companies and technical analysis? Look no further than Wealth Mantra Official ️! This Telegram channel provides valuable suggestions on potential investment opportunities, company news, quarterly results, epaper updates, and conference calls. While we are not SEBI registered, our goal is to educate and empower our members to make informed decisions when it comes to their investments. It's important to note that the information shared on this channel is for educational purposes only, and we will not be held responsible for any profit or loss incurred. Join Wealth Mantra Official ️ today to stay updated on the latest market trends, discover promising investment opportunities, and build a solid foundation for your financial success. Let us guide you towards a wealthier future! 🍀
Wealth Mantra Official ️
08 Nov, 07:18
"Strong demand for experiential tourism on domestic front" says Puneet Chhatwal of IHCL in a conversation with ET NOW.
Wealth Mantra Official ️
08 Nov, 07:18
Escorts says
🚜 Expect combined Market Share at 12-12.5% by end of FY25
🚜 Kubota sales strong in Oct 2024
🚜 Exports will scale to 15% in 4-5 Yrs vs sub 5% now
☹️Expected higher valuation for rail biz incomparison to what it was sold at
🚜 Expect combined Market Share at 12-12.5% by end of FY25
🚜 Kubota sales strong in Oct 2024
🚜 Exports will scale to 15% in 4-5 Yrs vs sub 5% now
☹️Expected higher valuation for rail biz incomparison to what it was sold at
Wealth Mantra Official ️
08 Nov, 07:18
KCP Q2 ; CONS NET PROFIT AT 38.4CR V 17.7CR (YOY)
REVENUE AT 601CR V 703CR (YOY)
EBITDA AT 114CR V 73.8CR (YOY)
MARGIN AT 18.94% V 10.54%
REVENUE AT 601CR V 703CR (YOY)
EBITDA AT 114CR V 73.8CR (YOY)
MARGIN AT 18.94% V 10.54%
Wealth Mantra Official ️
08 Nov, 07:18
MRF Q2 ; CONS NET PROFIT AT 472CR V 571CR (YOY)
REVENUE AT 6881 CR V 6217 CR
EBITDA AT 1010CR V 1132CR (YOY)
MARGIN AT 14.72% V 18.54%
REVENUE AT 6881 CR V 6217 CR
EBITDA AT 1010CR V 1132CR (YOY)
MARGIN AT 14.72% V 18.54%
Wealth Mantra Official ️
08 Nov, 07:18
FLAIR WRITING Q2 ; CONS NET PROFIT AT 33CR V 33.3CR (YOY)
REVENUE AT 271CR V 251CR (YOY)
EBITDA AT 50.6CR V 53.8CR (YOY)
MARGIN AT 18.74% V 21%
REVENUE AT 271CR V 251CR (YOY)
EBITDA AT 50.6CR V 53.8CR (YOY)
MARGIN AT 18.74% V 21%
Wealth Mantra Official ️
08 Nov, 07:18
CHEVIOT Q2 ; SL NET PROFIT AT 18.5CR V 19.7CR (YOY)
REVENUE AT 105CR V 125CR (YOY)
EBITDA AT 10.3CR V 15.1CR (YOY)
MARGIN AT 10.03% V 12.05%
REVENUE AT 105CR V 125CR (YOY)
EBITDA AT 10.3CR V 15.1CR (YOY)
MARGIN AT 10.03% V 12.05%
Wealth Mantra Official ️
08 Nov, 07:18
SUTLEJ TEXTILES Q2 ; CONS NET LOSS AT 18.5CR V LOSS 49.4CR (YOY)
REVENUE AT 682CR V 735CR (YOY)
EBITDA AT 12CR V LOSS 35.4CR (YOY)
MARGIN AT 1.75%
REVENUE AT 682CR V 735CR (YOY)
EBITDA AT 12CR V LOSS 35.4CR (YOY)
MARGIN AT 1.75%
Wealth Mantra Official ️
07 Nov, 22:48
IMAGICAAWORLD Q2 :CONS NET LOSS AT 6.59 CR V 57.37 CR LOSS (YOY), 66.12 CR PROFIT(QOQ)
REVENUE UP 12 % AT 39.9 CR (YOY) ,DOWN 78 % (QOQ)
EBITDA LOSS AT 3.79 CR V 4.27 CR PROFIT (YOY),110.4 CR PROFIT (QOQ)
MARGINS AT -9.5 % V 11.91% (YOY), 60 % (QOQ)
REVENUE UP 12 % AT 39.9 CR (YOY) ,DOWN 78 % (QOQ)
EBITDA LOSS AT 3.79 CR V 4.27 CR PROFIT (YOY),110.4 CR PROFIT (QOQ)
MARGINS AT -9.5 % V 11.91% (YOY), 60 % (QOQ)
Wealth Mantra Official ️
07 Nov, 22:48
MAHINDRA Q2 CONCALL HIGHLIGHTS
Automotive Segment
Demand: Strong retail growth during the festive season. Dealer inventory below 30 days. Projected UV growth of 15-18% in FY25 (Urban 52%, Rural 48%).
Capacity: Capacity up 10% to 54k units, aiming for full fungibility in 3-4 months.
Outlook: FY25 growth target of 15-18%, with higher Q3 marketing costs for new electric models. Targeting 10% EBIT margin.
Price Cuts: XUV 700 premium variant price cuts improved mix; top variants now 75-77% of sales.
Market Share: Q2 volumes up 18% YoY to 136k units; revenue share at 21.9%.
Automotive Segment
Demand: Strong retail growth during the festive season. Dealer inventory below 30 days. Projected UV growth of 15-18% in FY25 (Urban 52%, Rural 48%).
Capacity: Capacity up 10% to 54k units, aiming for full fungibility in 3-4 months.
Outlook: FY25 growth target of 15-18%, with higher Q3 marketing costs for new electric models. Targeting 10% EBIT margin.
Price Cuts: XUV 700 premium variant price cuts improved mix; top variants now 75-77% of sales.
Market Share: Q2 volumes up 18% YoY to 136k units; revenue share at 21.9%.
Wealth Mantra Official ️
07 Nov, 22:48
NRB BEARING Q2 :CONS NET PROFIT UP 47 % AT 301CR (YOY), UP 41 % (QOQ)
REVENUE UP 8 % AT 301 CR (YOY) ,UP 4 % (QOQ)
EBITDA UP 14 % AT 51.8 CR (YOY),UP 22 %(QOQ)
MARGINS AT 17.2 % V 16.3 % (YOY), 14.6 % (QOQ)
REVENUE UP 8 % AT 301 CR (YOY) ,UP 4 % (QOQ)
EBITDA UP 14 % AT 51.8 CR (YOY),UP 22 %(QOQ)
MARGINS AT 17.2 % V 16.3 % (YOY), 14.6 % (QOQ)
Wealth Mantra Official ️
07 Nov, 22:48
LUPIN Q2 RESULT V ESTIMATES
Net Profit At ₹852.6 Cr Vs EST ₹746.7 Cr
Revenue At ₹5,672.7 Cr Vs EST ₹5,564.8 Cr
EBITDA At ₹1,340.4 Cr Vs EST ₹1,220.4 Cr
Margin At 23.6% Vs EST 22%
Net Profit At ₹852.6 Cr Vs EST ₹746.7 Cr
Revenue At ₹5,672.7 Cr Vs EST ₹5,564.8 Cr
EBITDA At ₹1,340.4 Cr Vs EST ₹1,220.4 Cr
Margin At 23.6% Vs EST 22%
Wealth Mantra Official ️
07 Nov, 22:48
WIPRO ; Wipro Launches ‘Google Gemini Experience Zone’ to Accelerate AI-Driven Innovation for Enterprises
Wealth Mantra Official ️
07 Nov, 22:48
CUMMINS INDIA Q2 :ST NET PROFIT UP 37 % AT 450 CR (YOY),UP 7 % (QOQ)
REVENUE UP 31 % AT 2492 CR (YOY) ,UP 8% (QOQ)
EBITDA UP 42% AT 481 CR (YOY),UP 3 %(QOQ)
MARGINS AT 19.3 % V 17.83 % (YOY), 20.3% (QOQ)
REVENUE UP 31 % AT 2492 CR (YOY) ,UP 8% (QOQ)
EBITDA UP 42% AT 481 CR (YOY),UP 3 %(QOQ)
MARGINS AT 19.3 % V 17.83 % (YOY), 20.3% (QOQ)
Wealth Mantra Official ️
07 Nov, 07:26
CLEAN SCIENCE TECH Q2 ; SL NET PROFIT AT 67.5CR V 51.9CR (YOY)
REVENUE AT 231CR V 182CR (YOY)
EBITDA AT 94.5CR V 75.6CR (YOY)
MARGIN AT 41.44% V 41.71%
REVENUE AT 231CR V 182CR (YOY)
EBITDA AT 94.5CR V 75.6CR (YOY)
MARGIN AT 41.44% V 41.71%
Wealth Mantra Official ️
07 Nov, 07:26
JUBILANT FOODWORKS: Company approved making investments upto Rs. 40 Crores (or its equivalent in Euro) in Jubilant Foodworks Netherlands B.V., wholly owned subsidiary of the Company in Netherlands.
Wealth Mantra Official ️
07 Nov, 07:26
GOLDIAM INTL Q2 ; CONS NET PROFIT AT 22.1CR V 23.5CR (YOY)
REVENUE AT 137CR V 112CR (YOY)
EBITDA AT 30.5CR V 27.4CR (YOY)
MARGIN AT 22.28% V 20.51%
REVENUE AT 137CR V 112CR (YOY)
EBITDA AT 30.5CR V 27.4CR (YOY)
MARGIN AT 22.28% V 20.51%
Wealth Mantra Official ️
27 Oct, 12:22
Waaree Energies IPO GMP Back in Action
Latest GMP 1300 (86%)
Latest GMP 1300 (86%)
Wealth Mantra Official ️
26 Oct, 08:42
MEGHMANI ORGANICS Q2 :CONS NET LOSS AT 9.26 CR V -15.33 CR (YOY), -16.75 CR LOSS (QOQ)
REVENUE UP 44 % AT 544 CR (YOY) ,UP 31 % (QOQ)
EBITDA UP 303 % AT 30.57 CR (YOY),UP 422 %(QOQ)
MARGINS AT 5.62 % V 2 % (YOY), 1.41 % (QOQ)
REVENUE UP 44 % AT 544 CR (YOY) ,UP 31 % (QOQ)
EBITDA UP 303 % AT 30.57 CR (YOY),UP 422 %(QOQ)
MARGINS AT 5.62 % V 2 % (YOY), 1.41 % (QOQ)
Wealth Mantra Official ️
26 Oct, 08:42
ICICI BANK Q2 ; ST NET PROFIT UP 14 % TO 11,745 CR YOY
NII UP 10 % TO 20,048 CR YOY, UP 3 % QOQ
NII UP 10 % TO 20,048 CR YOY, UP 3 % QOQ
Wealth Mantra Official ️
26 Oct, 08:42
CDSL Q2 : CONS. NET PROFIT UP 21 % AT 162 CR (QOQ) , UP 50 % (YOY)
REVENUE UP 25 % AT 322 CR (QOQ) , UP 56 % (YOY)
EBITDA UP 29 % AT 200 CR (QOQ) ,UP 54 % (YOY)
MARGINS AT 62.1 % V 60.2 % (QOQ) , 62.5 % (YOY)
REVENUE UP 25 % AT 322 CR (QOQ) , UP 56 % (YOY)
EBITDA UP 29 % AT 200 CR (QOQ) ,UP 54 % (YOY)
MARGINS AT 62.1 % V 60.2 % (QOQ) , 62.5 % (YOY)
Wealth Mantra Official ️
26 Oct, 08:42
JAYANT AGRO Q2 :CONS NET PROFIT DOWN 13 % AT 13.74 CR (YOY), DOWN 12 % (QOQ)
REVENUE UP 11 % AT 598 CR (YOY) ,DOWN 17 % (QOQ)
EBITDA UP 4 % AT 28.28 CR (YOY),DOWN 9 %(QOQ)
MARGINS AT 4.72 % V 5.05 % (YOY), 4.32 % (QOQ)
REVENUE UP 11 % AT 598 CR (YOY) ,DOWN 17 % (QOQ)
EBITDA UP 4 % AT 28.28 CR (YOY),DOWN 9 %(QOQ)
MARGINS AT 4.72 % V 5.05 % (YOY), 4.32 % (QOQ)
Wealth Mantra Official ️
26 Oct, 08:42
ANUP ENGINEERING Q2 :ST NET PROFIT UP 49 % AT 32.3 CR (YOY),UP 36 % (QOQ)
REVENUE UP 34 % AT 187.3 CR (YOY) ,UP 30 % (QOQ)
EBITDA UP 13 % AT 42.93 CR (YOY),UP 31%(QOQ)
MARGINS AT 22.85 % V 27.12 % (YOY), 22.7 % (QOQ)
REVENUE UP 34 % AT 187.3 CR (YOY) ,UP 30 % (QOQ)
EBITDA UP 13 % AT 42.93 CR (YOY),UP 31%(QOQ)
MARGINS AT 22.85 % V 27.12 % (YOY), 22.7 % (QOQ)
Wealth Mantra Official ️
26 Oct, 08:42
CDSL: Company became the first depository to register 13.5+ crore demat accounts as on September 30, 2024
Wealth Mantra Official ️
26 Oct, 03:04
CMS INFO Q2 :CONS NET PROFIT UP 8 % AT 90.9 CR (YOY),FLAT % (QOQ)
REVENUE UP 15 % AT 624 CR (YOY) ,UP 4 % (QOQ)
EBITDA UP 5 % AT 153 CR (YOY),UP 1%(QOQ)
MARGINS AT 24.5 % V 26.7 % (YOY), 25.4 % (QOQ)
REVENUE UP 15 % AT 624 CR (YOY) ,UP 4 % (QOQ)
EBITDA UP 5 % AT 153 CR (YOY),UP 1%(QOQ)
MARGINS AT 24.5 % V 26.7 % (YOY), 25.4 % (QOQ)
Wealth Mantra Official ️
26 Oct, 03:04
HIMATSINGKA SEIDE ; CO. LAUNCHED QIP FOR FUND RAISING, FIXES FLOOR PRICE AT 154.31/SHARE
Wealth Mantra Official ️
26 Oct, 03:04
EKI ENERGY: Company have considered and approved striking off of Enking International FZCO, Dubai, wholly owned subsidiary of the Company.
Wealth Mantra Official ️
26 Oct, 03:04
MAX ESTATES Q2 :CONS NET PROFIT AT 2.15CR V 0.2 CR PROFIT (YOY), V 1.57 CR PROFIT (QOQ)
REVENUE UP 96% AT 40.17CR (YOY) ,DOWN 1% (QOQ)
EBITDA AT 7.7CR V 0.88 CR LOSS (YOY),V 6.47(QOQ)
MARGINS 19.2% V -4.2% (YOY), 15.98% (QOQ)
REVENUE UP 96% AT 40.17CR (YOY) ,DOWN 1% (QOQ)
EBITDA AT 7.7CR V 0.88 CR LOSS (YOY),V 6.47(QOQ)
MARGINS 19.2% V -4.2% (YOY), 15.98% (QOQ)
Wealth Mantra Official ️
26 Oct, 03:04
SHAKTI PUMPS (INDIA): Q2 CONS NET PROFIT 1B RUPEES VS 59M (YOY); 927M (QOQ) || Q2 REVENUE 6.34B RUPEES VS 1.53B (YOY)
SHAKTI PUMPS (INDIA): Q2 EBITDA 1.5B RUPEES VS 152M (YOY) || Q2 EBITDA MARGIN 23.46% VS 9.94% (YOY)
SHAKTI PUMPS (INDIA): Q2 EBITDA 1.5B RUPEES VS 152M (YOY) || Q2 EBITDA MARGIN 23.46% VS 9.94% (YOY)
Wealth Mantra Official ️
26 Oct, 03:04
URJA GLOBAL Q2 :CONS NET PROFIT DOWN 61% AT 0.35CR (YOY), UP 6% (QOQ)
REVENUE UP 78% AT 19.5CR (YOY) ,UP 88% (QOQ)
EBITDA DOWN 57% AT 0.34CR (YOY),DOWN 13%(QOQ)
MARGINS 1.74% V 7.2% (YOY), 3.75% (QOQ)
REVENUE UP 78% AT 19.5CR (YOY) ,UP 88% (QOQ)
EBITDA DOWN 57% AT 0.34CR (YOY),DOWN 13%(QOQ)
MARGINS 1.74% V 7.2% (YOY), 3.75% (QOQ)
Wealth Mantra Official ️
26 Oct, 03:04
WAA SOLAR Q2 :CONS NET LOSS AT 1.42CR V 4.36 CR PROFIT (YOY), V 0.17 CR PROFIT (QOQ)
REVENUE DOWN 39% AT 14.38CR (YOY) ,UP 379% (QOQ)
EBITDA DOWN 72% AT 4.69CR (YOY),UP 184%(QOQ)
REVENUE DOWN 39% AT 14.38CR (YOY) ,UP 379% (QOQ)
EBITDA DOWN 72% AT 4.69CR (YOY),UP 184%(QOQ)
Wealth Mantra Official ️
26 Oct, 03:04
SANGAM INDIA Q2 :CONS NET PROFIT DOWN 48% AT 5.55 CR (YOY), DOWN 61% (QOQ)
REVENUE UP 7% AT 675.6CR (YOY) ,DOWN 3% (QOQ)
EBITDA UP 19% AT 55.62CR (YOY),DOWN 17%(QOQ)
MARGINS 8.23% V 7.4% (YOY), 9.7% (QOQ)
REVENUE UP 7% AT 675.6CR (YOY) ,DOWN 3% (QOQ)
EBITDA UP 19% AT 55.62CR (YOY),DOWN 17%(QOQ)
MARGINS 8.23% V 7.4% (YOY), 9.7% (QOQ)
Wealth Mantra Official ️
26 Oct, 03:04
KRSNAA DIAGNOSTIC Q2 :CONS NET PROFIT UP 84% AT 19.5CR (YOY), UP 10% (QOQ)
REVENUE UP 20% AT 186.3CR (YOY) ,UP 9% (QOQ)
EBITDA UP 171% AT 49.3CR (YOY),UP 16%(QOQ)
MARGINS 26.46% V 11.7% (YOY), 25% (QOQ)
REVENUE UP 20% AT 186.3CR (YOY) ,UP 9% (QOQ)
EBITDA UP 171% AT 49.3CR (YOY),UP 16%(QOQ)
MARGINS 26.46% V 11.7% (YOY), 25% (QOQ)
Wealth Mantra Official ️
26 Oct, 03:04
DIXON TECH: Dixon Electroconnect Private Limited and Dixon IT Devices Private Limited has been incorporated as wholly Owned Subsidiary companies of Company.
Wealth Mantra Official ️
26 Oct, 03:04
Few people posing as ED officers were conducting a fake ED search at Ashoka Avenue, DLF Farms, Chattarpur, Delhi. The fake ED officers have taken the victim to Kotak bank, Hauz Kauz to withdraw ₹5 crore from the bank account, says Directorate of Enforcement
Wealth Mantra Official ️
26 Oct, 03:04
ITD CEMENTATION ; VINOD ADANI'S ENTITY RENEW EXIM DMCC TO BUY 46.64 % STAKE IN ITDC FOR RS 3204 CR
VINOD ADANI'S ENTITY TO BUY ADDITIONAL 26 % STAKE IN ITDC CEMENTATION FOR RS 2554 CR @ ₹ INR 571.68/SHARE
TOTAL 72.6 % STAKE FROM PROMOTER, SHAREHOLDERS FOR RS 5748 CR
VINOD ADANI'S ENTITY TO BUY ADDITIONAL 26 % STAKE IN ITDC CEMENTATION FOR RS 2554 CR @ ₹ INR 571.68/SHARE
TOTAL 72.6 % STAKE FROM PROMOTER, SHAREHOLDERS FOR RS 5748 CR
Wealth Mantra Official ️
23 Oct, 05:51
Confident about growth due to orderbook & large deal pipeline. Q3 to be robust despite weak seasonality".
"Expect FY25 to be standout year for the company".
-Sudhir Singh of Coforge tells
"Expect FY25 to be standout year for the company".
-Sudhir Singh of Coforge tells
Wealth Mantra Official ️
23 Oct, 05:51
AGS TRANSACT TECHNOLOGIES: Company Enables UPIQR-based Cash Withdrawals on ATMs of a Public Sector Bank with Network of 1000+ ATMs, for a Faster, Card-free Banking Experience
Wealth Mantra Official ️
23 Oct, 05:51
JYOTI STRUCTURES: Company has received a letter of acceptance from Adani Energy Solutions Limited Worth Rs 450.1 Cr
M Cap : 2774CR
FY24 Revenue: 475.3 CR
M Cap : 2774CR
FY24 Revenue: 475.3 CR
Wealth Mantra Official ️
23 Oct, 05:51
SC Holds That State Govts Have Power To Regulate, Tax Industrial Alcohol
Nine-judge Bench Of SC Has Held The Issue In Favour Of State Govts In Ratio Of 8:1
[Industrial Alcohol is used in cleaners, cosmetics, fuels, pharmaceuticals, textiles etc]
Nine-judge Bench Of SC Has Held The Issue In Favour Of State Govts In Ratio Of 8:1
[Industrial Alcohol is used in cleaners, cosmetics, fuels, pharmaceuticals, textiles etc]
Wealth Mantra Official ️
23 Oct, 05:51
BHEL LARGETRADE: 1.8 Cr Shares (0.5% Equity) Worth ₹402 Cr Change Hands At An Average Of ₹227/Sh
Wealth Mantra Official ️
23 Oct, 05:51
BIOCON: AMGENS LAUNCH OF EYLEA MAY LEAD TO EPS CUT FOR BIOCON - CNBCTV18
Wealth Mantra Official ️
23 Oct, 05:51
DODLA DAIRY Q2 ; NET PROFIT AT 63.3 CR V 43.6 CR YOY
REVENUE AT 997 CR V 667 CR
EBITDA AT 96.3 CR V 70.1 CR YOY
MARGINS AT 9.6 % V 9.15 %
REVENUE AT 997 CR V 667 CR
EBITDA AT 96.3 CR V 70.1 CR YOY
MARGINS AT 9.6 % V 9.15 %
Wealth Mantra Official ️
23 Oct, 05:51
Union Bank Management says Expect To Surpass 16,000 Cr Guidance In FY25 For Recoveries- CNBC-TV18
Credit Cost Is Expected To Be Below 1% For FY25
1 Account Turned NPA During The Quarter And Hence The Delinquency
Credit Cost Is Expected To Be Below 1% For FY25
1 Account Turned NPA During The Quarter And Hence The Delinquency
Wealth Mantra Official ️
23 Oct, 05:51
SHP UPDATE:🚨
Stanley Lifestyles
Mukul Agrawal name appears with 1.58% stake
Stanley Lifestyles
Mukul Agrawal name appears with 1.58% stake
Wealth Mantra Official ️
23 Oct, 05:51
BROKERAGE RADAR GOLDMAN SACHS ON EMERGING MARKET
• Revised Nifty 12m target to 27,000 from 110 27,500 - implies 9% upside
• 3M/6M targets at 24,500 (-1%) / 25,500 (+3%)
• Overweight on Autos, Telcos, Insurance, Realty (Upgrade), Internet (Upgrade)
• Downgrade cyclicals like Industrials, Cement/Chemical and Financials
• Focus on quality, earnings visibility,
targeted alpha themes
• Structural appeal intact, but economic 140 growth and profits are slowing down
• High starting valuations, less supportive backdrop could constrain n/t upside
• A large 'price correction' is less likely given support from domestic flows
• Markets could 'time correct' over the next 3 to 6 months
• Consequently, we tactically lower Indian equities from Overweight to Neutral in Asia/EM allocations
• Revised Nifty 12m target to 27,000 from 110 27,500 - implies 9% upside
• 3M/6M targets at 24,500 (-1%) / 25,500 (+3%)
• Overweight on Autos, Telcos, Insurance, Realty (Upgrade), Internet (Upgrade)
• Downgrade cyclicals like Industrials, Cement/Chemical and Financials
• Focus on quality, earnings visibility,
targeted alpha themes
• Structural appeal intact, but economic 140 growth and profits are slowing down
• High starting valuations, less supportive backdrop could constrain n/t upside
• A large 'price correction' is less likely given support from domestic flows
• Markets could 'time correct' over the next 3 to 6 months
• Consequently, we tactically lower Indian equities from Overweight to Neutral in Asia/EM allocations
Wealth Mantra Official ️
23 Oct, 05:51
GOLDMAN SACHS ON EMERGING MARKET
Revised Nifty 12m target to 27,000 from 27,500 - implies 9% upside
3M/6M targets at 24,500 (-1%)/25,500 (+3%)
Overweight on Autos, Telcos, Insurance, Realty (Upgrade), Internet (Upgrade)
Downgrade cyclicals like Industrials, DD sepp Cement/Chemical and Financials
Focus on quality, earnings visibility, targeted alpha themes
Structural appeal intact, but economic growth and profits are slowing down
High starting valuations, less supportive backdrop could constrain n/t upside
A large 'price correction' is less likely given support from domestic flows
Markets could 'time correct' over the DOD next 3 to 6 months
Consequently, we tactically lower Indian equities from Overweight to Neutral in Asia/EM allocations
Revised Nifty 12m target to 27,000 from 27,500 - implies 9% upside
3M/6M targets at 24,500 (-1%)/25,500 (+3%)
Overweight on Autos, Telcos, Insurance, Realty (Upgrade), Internet (Upgrade)
Downgrade cyclicals like Industrials, DD sepp Cement/Chemical and Financials
Focus on quality, earnings visibility, targeted alpha themes
Structural appeal intact, but economic growth and profits are slowing down
High starting valuations, less supportive backdrop could constrain n/t upside
A large 'price correction' is less likely given support from domestic flows
Markets could 'time correct' over the DOD next 3 to 6 months
Consequently, we tactically lower Indian equities from Overweight to Neutral in Asia/EM allocations
Wealth Mantra Official ️
23 Oct, 05:51
JP MORGAN ON BAJAJ FINANCE
Maintain Overweight; cut target price to Rs 7,300 from Rs 8,000
Q2 - Credit overshoot; asset quality strain
Loan growth still robust at 29% y/y with new business contribution at 2- 3%
Margins should stabilize as funding costs peak out; mix however will be adverse
Maintain Overweight; cut target price to Rs 7,300 from Rs 8,000
Q2 - Credit overshoot; asset quality strain
Loan growth still robust at 29% y/y with new business contribution at 2- 3%
Margins should stabilize as funding costs peak out; mix however will be adverse
Wealth Mantra Official ️
23 Oct, 05:51
ITD CEMENTATION: Adani Group Is In Final Stage Of Acquiring Itd Cementation -Etnow
Wealth Mantra Official ️
23 Oct, 05:51
NMDC Increases Lump Ore & Fines Prices By Up To ₹600/Tonne
NMDC Hikes Lump Ore Price By ₹600 To ₹6,350/Tonne
NMDC Hikes Fines Price By ₹400 To ₹5,410/Tonne
NMDC Hikes Lump Ore Price By ₹600 To ₹6,350/Tonne
NMDC Hikes Fines Price By ₹400 To ₹5,410/Tonne
Wealth Mantra Official ️
23 Oct, 05:51
INDUS TOWER ON VODA IDEA
Vi Has Been Paying Amount Equivalent To Monthly Billing Since January 2023
Vi Has Paid ₹2,328 Cr Against Old Dues Outstanding Till Date
Dues Paid Include The Payment Of ₹1,028 Cr For Quarter-ending Sep 2024
We Continue To Recognise Revenue Related To Vi For The Services Rendered
Doubtful Receivables w.r.t Vi As Of Sep At ₹3,548 Cr Vs ₹5,386 Cr As Of Mar 2024
For Vi, Bank Guarantees Are Required To Be Provided From Oct 2025 To Sep 2026
Vi May Seek A Waiver From DoT W.R.T Payment Of Bank Guarantee
Vi Has Been Paying Amount Equivalent To Monthly Billing Since January 2023
Vi Has Paid ₹2,328 Cr Against Old Dues Outstanding Till Date
Dues Paid Include The Payment Of ₹1,028 Cr For Quarter-ending Sep 2024
We Continue To Recognise Revenue Related To Vi For The Services Rendered
Doubtful Receivables w.r.t Vi As Of Sep At ₹3,548 Cr Vs ₹5,386 Cr As Of Mar 2024
For Vi, Bank Guarantees Are Required To Be Provided From Oct 2025 To Sep 2026
Vi May Seek A Waiver From DoT W.R.T Payment Of Bank Guarantee
Wealth Mantra Official ️
23 Oct, 05:51
BALLARPUR INDUSTRIES: BOARD MEET ON 25 OCT TO CONSIDER RAISING OF FUNDS
(MODE YET TO BE ANNOUNCED)
(MODE YET TO BE ANNOUNCED)
Wealth Mantra Official ️
23 Oct, 05:51
JSW Energy : Company Signs power purchase agreement with Solar Energy Corporation of India for 700 MW solar project
Company Signs agreement for supply of power for period of 25 years with a tariff of Rs 2.56/kWh
Company Signs agreement for supply of power for period of 25 years with a tariff of Rs 2.56/kWh
Wealth Mantra Official ️
23 Oct, 05:51
Goldman Sachs on India - Downgrade to Neutral from Overweight
Structural appeal remains, but economic growth and corporate profits are decelerating.
•High starting valuations and a less favorable backdrop could limit near-term upside.
•A significant ‘price correction’ seems unlikely, given strong support from domestic flows.
•Markets may experience a ‘time correction’ over the next 3 to 6 months.
•Strategically reduce Indian equities from Overweight to Neutral in Asia/EM allocations.
•Revised 12-month NIFTY target to 27,000 (from 27,500), suggesting a 9% upside.
•3-month/6-month NIFTY targets are 24,500 (-1%) and 25,500 (+3%), respectively.
•Overweight on Autos, Telecoms, Insurance, Realty (upgraded), and Internet (upgraded).
•Downgrade cyclical sectors like Industrials, Cement/Chemicals, and Financials.
•Prioritize quality, earnings visibility, and targeted alpha strategies.
Structural appeal remains, but economic growth and corporate profits are decelerating.
•High starting valuations and a less favorable backdrop could limit near-term upside.
•A significant ‘price correction’ seems unlikely, given strong support from domestic flows.
•Markets may experience a ‘time correction’ over the next 3 to 6 months.
•Strategically reduce Indian equities from Overweight to Neutral in Asia/EM allocations.
•Revised 12-month NIFTY target to 27,000 (from 27,500), suggesting a 9% upside.
•3-month/6-month NIFTY targets are 24,500 (-1%) and 25,500 (+3%), respectively.
•Overweight on Autos, Telecoms, Insurance, Realty (upgraded), and Internet (upgraded).
•Downgrade cyclical sectors like Industrials, Cement/Chemicals, and Financials.
•Prioritize quality, earnings visibility, and targeted alpha strategies.
Wealth Mantra Official ️
23 Oct, 05:51
Jio Financial Services in talks with Allianz for insurance JVs In India
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