CA|| Sr Analyst & Anchor at CNBC TV18|| Tracks Oil&Gas,Real Estate,Chemicals|| Inside Out|| Weekly Digital Climate Show|| Mutual Funds||Tax || E4M 40 under 40||
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Laxmi organic industries QoQ improvement, YoY decline Last few quarters have been under pressure QoQ growth indicates some recovery QoQ Revenue flat at 655cr EBITDA up 96% OPM at 8.4% vs 4.3% PAT up 200% at 27cr #stockstowatch
Macrotech developers FY23 Likely to exceed Pre sales guidance of 11500cr Tracking cashflow guidance of 6000cr Exceeding guideline on new project additions of 15000cr However, will be able to reduce debt to 7000cr vs 6000cr guided for earlier Have 14 launches planned in Q4
US markets close higher again Tesla & Apple surge in trade, 40% of dow jones cos reporting earnings China, HongKong, Taiwan, South korea shut for a holiday Nikkei higher by 1% SGX nifty higher DIIs net buy 435cr FIIs net sell 219.8cr 18200-18250 continues to be the resistance
Oberoi Realty Bookings more than half YoY and QoQ Q3FY23 Area booked at 0.36msf vs 0.37msf QoQ, vs 1.04msf YoY (down 65%) Value at 639cr vs 1156cr QoQ, vs 1965cr YoY (down 67%)
Market cues Expect a good start US markets end higher, Dow and S&P snap 3 days losing streak Asia largely shut for Lunar new year SGX Nifty +100 points Nifty heavyweights RIL, ICICI bank, Kotak will react to earnings Nifty support at 17800 Nifty resistance at 18200
+ve start for mkts expected Dow jones & S&P snap a 3- day losing streak Nasdaq posts third positive week in a row Asian markets largely shut SGX nifty +100 pts Reaction for RIL, ICICI bank & Kotak bank earnings on NIFTY FIIs sold 19880cr, DIIs bought 16182cr so far this mth
Weak numbers from Atul ltd, down 4.5% #chemicals #3QwithCNBCTV18
Redevelopment becoming a big opportunity for developers in Mumbai Mahindra Lifespaces up 8% wins its first society redevelopment project in Mumbai, revenue potential of around Rs500cr Godrej Prop keen on redevelopment, Rustomjee dev already present in a big way in this segment
CLSA Upgrade Phoenix To Buy From Outperform, TP raised to 1711 vs 1688 Expect same store rental growth of 12% Upgrade Godrej Prop To Outperform vs Underperform, cut TP to 1417 vs 1523 Weaker Profitability outlook Cut TP for Sunteck from 590 to 502 due to delay in launches
Filatex says Chinese Have Reduced Their Dumping In India, seeing price increase Will See Further Demand Improvement Post February Will See 6-7% margins In Q4, Will Return To Double-digit Margin In FY24 Rev From New Recycling Plant Could Be 400cr & EBITDA Of 75cr
Drone tech picking up in agri sector Garuda Aerospace signs an MoU with Rallis. this is for spraying of pesticides through drones. Coromandel Int's subsidiary Will be involved in Designing & Manufacture of drones dhanuka agri has ventured into drone applications in agri
Macrotech developers Good Q3 update, pre sales slightly lower QoQ 9MFY23 pre sales at 9039cr > FY22 pre sales at 9024cr Co says on track to surpass guidance of 11500cr of pre sales Added Rs17,800cr of Gross Development Value which is more than Rs15,000cr guidance @CNBCTV18Live
Is Ahmedabad real estate really picking up? Godrej Properties sells over 1msf of area in a new launch at its project The company sold 870 homes with a booking value of approximately Rs435cr @CNBCTV18Live
Nuvama on green hydrogen policy Plan to cut Green H2 cost to $1–1.5/kg vs $4-5$ Refiners remain largest user of H2, ~33%, will benefit Adani group shall gain due to massive New Energy capex Demand for Renewables to benefit tata power Solar EPC play Sterling & Wilson to benefit
GAIL US gas prices have declined to $4.5/mmbtu, +ve for GAIL as sourcing costs have come down. Domestic availability of gas has improved, which would mean they will be able to cover shortfall seen due to Gazprom contracts #gail #StocksToWatch
Sheela Foam says The Company evaluates various strategic opportunities for growth and expansion of the business, on an ongoing basis. management remains in discussions with various parties, including Kurlon. This is on reports of Sheela foam looking to buy Kurlon
Action Construction Equipment Some acquisition targets have gone into IBC Acquisition kitty 150cr, cash in books at 250-300cr Have started exporting to Turkey Defence should be more than 100cr biz this year Capacity utilization higher
Nirmal Bang says Advent taking over Suven pharma implies FY23EV/Sales of 9.5X, This poses challenge for PI Ind, they may have to pay 9480cr-18960cr for 100% buyout of similar asset & may entail leveraging its balance sheet Also focuses on other cos planning M&A #chemicals
Arvind smartspaces Ahmedabad Residential Real Estate Price Has Witnessed 10-15% CAGR Will Sell Around 1,000 Units This Year Have Strong Internal Accruals Co Is Sitting On Unsold Inventory/Project Pipeline Worth `3,500 Cr Have 22 msf Of Pipeline, 16 Launched & 6 To Be Launched
Airbag industry in India to grow to Rs 7,000cr by FY27 from current Rs2500cr : ICRA
CA|| Sr Analyst & Anchor at CNBC TV18|| Tracks Oil&Gas,Real Estate,Chemicals|| Inside Out|| Weekly Digital Climate Show|| Mutual Funds||Tax || E4M 40 under 40||
Followers: 51,204
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