Page 6 - Elixir Equities News Today

In Thursdays trade, shares of Eicher Motors fell over 3% to Rs 3,207. Analysts stated that HD X440 would rival the likes of Royal Enfields RE Classic 350 and Hunter 350. HD X440 costs 13% more than the Eicher Mototrss RE Classic 350, while it also comes with a larger 440CC engine.

“The risk return profile does not favour buying into a stock like IdeaForge. But I am sure it will get heavily oversubscribed and even more certain that it will list at a very good premium. So there is, of course, a trading opportunity over here. You can flip the stock afterwards.”

“A 8-9% volume growth is enough to generate a 15-16% type of a top line growth in terms of revenues and that could lead to 20% type of a growth at the profit level. That is keeping a lot of players interested in the auto industry. These are mildly cyclical businesses as well. We are seeing a good cyclical upswing in the auto industry.”

CLSA has downgraded IDFC First Bank from buy to underperform, causing a 6% fall in the banks shares. The brokerage firm also lowered the target price for the stock to Rs 85. Despite the downgrade, Elixir Equities Dipan Mehta praised the banks efforts in assembling retail deposits and having some of the best net interest margins in the sector. While IDFC First Banks share price has more than doubled over the last year, valuations are being stretched at roughly 1.8 times 1-year forward PB.

The QSR industry is gaining attention as a promising investment opportunity in India. With changing consumption patterns and a preference for convenience, QSRs are well-positioned to cater to modern consumers. The sector has solid balance sheets, allowing for expansion without excessive debt. There is also potential for growth along Indias expanding highway network. Although short-term challenges may arise, the long-term prospects for QSRs remain favorable. Investors maintaining a long-term view...

Besides IT and banking, he’s also positive about the capital goods and construction space, and has high hopes of firms like ITD Cementation, NCC, ABB, Siemens, and Thermax.

The Rs 20,000 crore follow-on public offer (FPO) of Adani Enterprises received bids for 46.27 million shares against an offer size of 45.5 million shares, representing a 102 per cent subscription on 31 January 2023, the third and final day of bidding. -- aaa

Even as the markets await the details of the proposed buyback of digital payments and financial services giant Paytm, investors and analysts have cheered the move. The stock is up 22% in the past 3 weeks and 6% since Thursday, when it informed the exchanges about the proposed buyback.

Elaborating on the subject, Mehra said the next set of multibaggers will come from concept stocks rather than mature businesses. He defined concept stocks as the ones where companies are doing something differently with a huge market and can be scaled up at a very low cost.He a

Elaborating on the subject, Mehra said the next set of multibaggers will come from concept stocks rather than mature businesses. He defined concept stocks as the ones where companies are doing something differently with a huge market and can be scaled up at a very low cost.He a