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nhai invit: Canadian funds, Indian insurers likely to invest in NHAI InvIT

Three top Canadian pension funds, including Caisse de dépôt et placement du Québec (CDPQ), and leading local insurers such as Life Insurance Corp and HDFC Life are among the frontline investors likely to buy into the infrastructure investment trust (InvIT) of the National Highways

India , Canada , Canadian , Badrish-kulhalli , Infra-projects-pvt-ltd , Powergrid-corp , Infra-trust , Life-insurance-corp , Authority-of-india , Employee-provident-fund-organisation , National-highways-authority , Canada-pension-plan-investment-board

Oil India shares: Looking for a multibagger? This PSU oil & gas stock holds promise

The state-run PSU's acquisition of a controlling stake in Numaligarh Refinery (NRL) and the hope of an increase in oil production have resulted in a revision in its earning estimates, say analysts, some of whom see the stock almost doubling.

Numaligarh , Assam , India , Motilal-oswal , Prabhudas-lilladher , Oil-india , Numaligarh-refinery , Motilal-oswal-securities , Centrum-broking , Nomura-india , Oil-india-shares , Icici-securities

debt levels: Listed developers' net debt levels have declined by 37% post Covid: Report

This has been achieved through a combination of reduction in cost of debt by 80-160bps, reduction in corporate overheads by 20-40% from pre-Covid levels, operating cash surpluses, asset sales and equity capital raises either through the QIP route or through dilution at the SPV level.

Kolkata , West-bengal , India , Bengaluru , Karnataka , Pune , Maharashtra , Sunteck-realty , Brigade-enterprises , Godrej-properties , Macrotech-developers-lodha

vodafone idea shares: Vodafone Idea tumbles 50% in 2021. Analysts see more pain in the offing

Analysts do not see an end to this pain. They say Vodafone Idea's liabilities are much higher than what its profit & loss (P&L) statement indicates. Default is a real risk at the telecom operator, they add, slashing the stock's target to as low as Rs 4, suggesting up to 29 per cent downside.

India , Supreme-court , Vodafone-group-plc-of-the-united-kingdom , Aditya-birla-group , Department-of-telecommunications-do , Vodafone-idea , Oswal-securities , Vodafone-group-plc , United-kingdom , Covid-hit-march , Vodafone-idea-shares

SBI: Bankers hopeful of a revival in corporate loan growth as economy opens up

Both analysts and bankers believe credit demand will now pick up as companies invest for the next cycle of growth. In a report published earlier this month, Japanese investment bank Nomura said growing optimism and abundant liquidity should boost loan demand.

Baroda , Gujarat , India , Japan , Japanese , Dinesh-khara , Sanjiv-chadha , India-inc , Sbi , Bank , Infrastructure , Manufacturing

rakesh jhunjhunwala: Jhunjhunwala's pharma bet dives after 'optically' good Q1; targets cut

ICICI Securities said Lupins performance was below expectations due to a dip in US sales and lower gross margin. It said US sales would remain under pressure and multiple ongoing USFDA issues would weigh on new approvals.

United-states , India , American , Rakesh-jhunjhunwala , Boehringer-ingelheim , Institutional-equities , North-american , Oswal-securities , Lupin , Jm-financial , Analyst-stock-targets , Qoq

rakesh jhunjhunwala: Rakesh Jhunjhunwala trimming his stake in Titan, but brokerages see long growth runway for it

Ace investor Jhunjhunwala sold 22.50 lakh shares of Titan in the June quarter. Yet, it remains the biggest holding in his portfolio. His wife Rekha Jhunjhunwalas stake remained unchanged at 96.40 lakh shares, or 1.09 per cent. Together, they held 4.26 crore shares, or 4.8 per cent stake, in Titan at the end of the June quarter.

Mumbai , Maharashtra , India , Rakesh-jhunjhunwala , Rekha-jhunjhunwala , Tata-group , Motilal-oswal-financial-services , Big-bull-rakesh-jhunjhunwala , Kotak-institutional-equities , Oswal-financial-services , Titan , Big-bull

IDBI Bank strategic sale: 7 firms in race for transaction advisor

The firms that have bid for acting as transaction advisor are Deloitte Touche Tohmatsu India LLP, Ernst and Young LLP, ICICI Securities, JM Financial Ltd, KPMG, RBSA Capital Advisors LLP and SBI Capital Markets.

Nirmala-sitharaman , Department-of-investment , Deloitte , Young , Bank-ltd , Capital-advisors , Life-insurance-corporation , Deloitte-touche-tohmatsu-india , Jm-financial-ltd , Public-asset-management , Transaction-advisor , Preliminary-information-memorandum

Broker's call: Ashok Leyland (Buy) - The Hindu BusinessLine

Broker's call: Ashok Leyland (Buy)
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Updated on
CMP: ₹123.35
Ashok Leyland’s Q4-FY21 operating performance beat consensus estimates as EBITDA margin came in at 7.6 per cent. This was driven by driven tighter control on fixed costs, strong operating leverage even as gross margins shrunk (nearly 248 bps Q-o-Q to 23.1 per cent) due to high input cost pressures.
Key industry monitorables: Pace of recovery of economic activity and capex trends in key segments (e.g. infrastructure); used vehicle demand/pricing trends; and trends in freight rates.
We estimate Ashok Leyland's volumes to rebound at about 29 per cent CAGR FY21-FY23 driven by M&HCV revival coupled with market share gains in LCV segments. Improved asset utilisation and rising margins is likely to aid healthy FCF generation (about ₹2,200 crore cumulative FCF in FY22E/23).

Bada-dost , Ashok-leyland , Icici-securities , Buy , Target-price , M-amp-hcv , Capex-trends , Cv-cycle , பாட-டாஸ்ட் , அசோக்-லேலண்ட் , இஸிசீ-பத்திரங்கள் , வாங்க

Ashish Kacholia: Ashish Kacholia applies for 2 million shares of KIMS Hospitals

The Rs 2,144 crore public issue was subscribed 3.9 times last week. The non-institutional investor category was oversubscribed 1.89 times attracting 7.2 million bids against 3.8 million shares offered. KIMS Hospitals will list on June 28. As of Thursday, its shares in the grey market commanded a premium of Rs 50 or 6% over the issue price of Rs 825 a share.

Mumbai , Maharashtra , India , Siddhant-khandekary , Ashish-kacholia , Investor-ashish-kacholia , Poly-medicure , Apollo-tricoat-tubes , Phillips-carbon , Caplin-point , Fy21