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In Thursday's trade, shares of Eicher Motors fell over 3% to Rs 3,207. Analysts stated that HD X440 would rival the likes of Royal Enfield's RE Classic 350 and Hunter 350. HD X440 costs 13% more than the Eicher Mototrs's 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 bank's shares. The brokerage firm also lowered the target price for the stock to Rs 85. Despite the downgrade, Elixir Equities' Dipan Mehta praised the bank's efforts in assembling retail deposits and having some of the best net interest margins in the sector. While IDFC First Bank's 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 India's expanding highway network. Although short-term challenges may arise, the long-term prospects for QSRs remain favorable. Investors maintaining a long-term view may reap strong returns.