Institutional Equities News Today

Analysts are bearish on auto stocks despite robust fiscal fourth quarter results due to weak outlook on volumes growth, intensifying competition, margin pressures in electric segment and rich valuations.

The equity markets have swung like a see-saw in just three trading sessions. Whats next?

Most brokerages over the last one month have been estimating a continuity of government with a 300 plus estimate for the ruling BJP.

Motilal Oswal sees a challenging outlook in Ipca Labs branded generic exports segment.

Emami Ltd expected to report modest Q4 results with 3-3.5% volume growth, revenue and EBITDA increase.

Inox Wind share price: The scrip started tumbling after it was reported that Inox Wind's promoter entity Inox Wind Energy Ltd sold up to 5 per cent stake in the company through a block deal. The transaction was likely executed at a floor price of Rs 151 apiece.

Despite brokerages raising price targets for Divis Labs following its robust performance in Q4, they maintained neutral recommendations on the stock. Their rationale lies in the belief that the current stock valuations already the current stock valuations factor in much of its growth prospects.

Despite some concerns over stock valuations, brokerages remain bullish on the companys potential for further growth driven by strong Q4FY24 earnings and positive management commentary.

Vodafone Idea: As per the survey, only 12% of subscribers use Vi as their primary mobile phone connection while 53% use Reliance Jio and 35% use Bharti Airtel as their primary SIMs.

Vodafone Idea plans to raise ARPU through tariff hikes post-election, but faces resistance from price-sensitive customers. BofA survey shows 42% of Vi users reluctant to accept higher prices. CEO aims at increasing rates for heavy data users. Vi seeks to upgrade 2G to 4G, double Ebitda by 2025. Vi secures funds for 4G expansion and potential 5G rollout.