Accumulate Aarti Industries; target of Rs 880: Prabhudas Lilladher

Accumulate Aarti Industries; target of Rs 880: Prabhudas Lilladher

Accumulate Aarti Industries; target of Rs 880: Prabhudas Lilladher Prabhudas Lilladher recommended accumulate rating on Aarti Industries with a target price of Rs 880 in its research report dated June 03, 2022. Prabhudas Lilladher recommended accumulate rating on Aarti Industries with a target price of Rs 880 in its research report dated June 03, 2022. Go to Source

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NHPC Takes Flight: Analyzing the 161% Stock Surge and What Lies Ahead

NHPC, India's premier hydropower producer, has taken the stock market by storm, soaring a staggering 161% from its 52-week low and becoming a true market darling. This remarkable climb has left both investors and analysts scratching their heads, eager to understand the driving forces behind this phenomenal rise and predict the company's future trajectory. This article delves deep into the factors propelling NHPC's ascent, examines potential concerns, and explores the diverse opinions of experts to provide a comprehensive perspective on this intriguing market phenomenon.

Fueling the Flame: Key Catalysts for the Upward Surge

Several key factors have contributed to NHPC's impressive stock performance:

1. Riding the Green Energy Wave: The Indian government's ambitious goals for renewable energy transition have put a spotlight on clean power sources like hydropower. NHPC, with its established hydroelectric infrastructure and expertise, stands well-positioned to capitalize on this growing demand, making it an attractive proposition for investors looking to tap into the green energy boom.

2. A Project Launch with a Spark: The recent announcement of a 300 MW solar power project in collaboration with the government, backed by a substantial investment of over Rs 1,732 crore, further bolstered investor confidence. This strategic move demonstrates NHPC's commitment to diversifying its renewable energy portfolio and aligns with the national green agenda, solidifying its image as a key player in the clean energy transformation.

3. Analyst Cheerleading Squad: Many analysts have sung NHPC's praises, offering bullish price targets ranging from Rs 105 to 135, with strong support zones identified around Rs 80-88. This positive sentiment adds fuel to the fire, attracting more investors looking to benefit from the predicted upward trajectory.

4. Technical Tailwinds: From a technical standpoint, the momentum seems favorable. The Relative Strength Index (RSI) sits comfortably below the overbought zone, indicating room for further growth. Additionally, trading above key moving averages further underscores the stock's bullish sentiment.

However, Cautionary Flags Need Heeding

While the current scenario appears rosy, it's crucial to acknowledge potential concerns that could impact NHPC's future performance:

1. Q3 Earnings Woes: The company's recent Q3 earnings revealed a decline in both net profit and revenue compared to the previous year. This raises questions about its immediate financial health and raises concerns about its ability to sustain its impressive growth in the long run.

2. Industry Valuation Comparison: NHPC's current valuation seems stretched compared to its peers in the sector. With a P/E ratio of 26.03, it sits slightly above the industry average of 24.89. This could indicate a potential overvaluation risk, making some investors apprehensive.

3. Short-Term Consolidation on the Horizon?: Although bullish overall, some analysts predict a period of consolidation following the sharp rally. This could lead to short-term volatility, potentially unnerving investors with shorter time horizons.

Expert Opinions: A Spectrum of Perspectives

Analysts and market experts offer diverse views on NHPC's future:

Bullish Outlook:

"The stock holds significant upside potential with positive momentum and government support for green energy," says Shiju Koothupalakkal, Technical Research Analyst at Prabhudas Lilladher.

"NHPC's strong technicals and alignment with national green goals make it a compelling investment," adds KKunal V Parar, VP of Technical Research at Choice Broking.

Cautious Optimism:

"While the long-term trend appears positive, a short-term consolidation is likely before further upward movement," suggests Ruchit Jain, Lead Research at 5paisa.com.

Balancing Act for Investors:

NHPC's current situation presents a complex scenario for investors. The undeniable growth potential fueled by renewable energy initiatives and analyst confidence is countered by valuation concerns and recent earnings decline. The decision to invest ultimately hinges on individual risk tolerance and investment horizon.

Conclusion: Navigating the NHPC Journey

NHPC's remarkable stock surge has captured market attention, but a balanced approach is crucial before making investment decisions. Understanding the driving forces, both positive and negative, and carefully considering expert opinions are essential steps towards navigating this dynamic situation. As the company continues its journey in the evolving energy landscape, staying informed and conducting thorough research will be key for investors seeking to seize potential opportunities while mitigating risks.

Navigating the Small-Cap Terrain: Opportunities or Pitfalls for Equity Investors?

Are small-cap stocks potential goldmines or treacherous territories? Investing in the small-cap segment often presents a tantalizing mix of lucrative opportunities and substantial risks. According to financial experts, treading this path demands strategic and cautious approaches for investors seeking to navigate the equity bourses successfully. What Defines Small Caps in the Equity Market? Expert Perspectives on Small-Cap InvestingA Balancing Act of Risk and Reward Current Scenario and Market Dynamics Growth Potential and Opportunities Ahead Unveiling Alpha: Small and Mid-Cap Opportunities Strategies for Navigating the Small-Cap OceanAssessing Information and Quality of Data Strategic Portfolio Allocation Investing in Small Caps: MF Route or Direct Investment? Actively Managed vs. Passive Funds Conclusion: Navigating Risks in Small Caps A Prudent Approach for Investors

What Defines Small Caps in the Equity Market? Small caps essentially denote stocks listed on exchanges with a market capitalization below ₹5,000 crore. These stocks, while carrying immense potential for substantial returns, are also prone to heightened fluctuations and risks compared to larger counterparts. Expert Perspectives on Small-Cap Investing A Balancing Act of Risk and Reward Anil Ghelani, Head of Passive Investments & Products at DSP Mutual Fund, emphasizes the potential for higher returns in the long term within the small-cap space. However, he cautions that they also carry the risk of greater declines compared to larger stocks during market downturns. Current Scenario and Market Dynamics In the current market landscape, Pankaj Shrestha, Head of Investment Services at Prabhudas Lilladher Wealth, believes that the risk-reward equation appears more favorable for large-cap indices compared to their small-cap counterparts in the upcoming year. Growth Potential and Opportunities Ahead Despite these nuances, Amar Ranu, Head of Investment Products & Insights at Anand Rathi Shares and Stock Brokers, foresees a potential movement of 12-15% in the small-cap space in the next year. Factors such as anticipated earnings growth and decreased raw material costs could contribute to this potential upswing. Unveiling Alpha: Small and Mid-Cap Opportunities Deepak Jasani, Head of Retail Research at HDFC Securities, highlights the possibility of gaining alpha (profit) within the small and mid-cap segments. However, he notes that larger indices like the Nifty may outperform these segments in certain periods. Strategies for Navigating the Small-Cap Ocean Assessing Information and Quality of Data Sriram BKR, Senior Investment Strategist at Geojit Financial Services, underscores the challenge of evaluating data quality in the less-researched small-cap universe. Even relying on research or brokerage house recommendations may not provide comprehensive insights for retail investors. Strategic Portfolio Allocation Amar Ranu suggests maintaining a balanced portfolio across large-cap, mid-cap, and small-cap stocks. He recommends a mix of 50-60% in large caps and 20-25% each in mid and small caps, adjusting allocations tactically based on opportunities and valuations. Investing in Small Caps: MF Route or Direct Investment? For retail investors less confident in stock picking or lacking expertise in equity research, experts advise considering the mutual fund (MF) route. This avenue offers diversification, professional management, and controlled exposures to mitigate volatility. Actively Managed vs. Passive Funds While actively managed funds may outperform benchmarks, the choice between actively managed and passive funds in the small-cap space remains crucial. Actively managed funds offer information arbitrage but might not consistently outperform, whereas passive funds through SIPs present a prudent, low-cost approach. Conclusion: Navigating Risks in Small Caps Small caps' vulnerability to external shocks due to limited resources and market capitalization cannot be overlooked. These factors can disrupt operations and impact smaller companies more severely than larger counterparts, highlighting the need for cautious navigation in this segment. A Prudent Approach for Investors Given the potential for substantial gains alongside inherent risks, a balanced and strategic approach, combined with a mix of actively managed and passive funds, could offer a prudent path for investors eyeing the small-cap segment. Read the full article

Vaishali Parekh Stock Recommendations Today: Himatsingka Seide, Lemon Tree, Oberoi Realty

Vaishali Parekh, Vice President, the  Technical Research at Prabhudas Lilladher suggests the three stocks to buy. However, before knowing that let's have a look at the stock market Nifty 50 and Sensex.

What Are Three Vaishali Parekh Stock Recommendations Today?

Indian stock market achieved an all-time high value this Tuesday; the Nifty 50 index attained an all-time high value and set a new peak of 20,864 level. Sensex also touched a new lifetime high value of 69,381, and the Bank Nifty index claimed the peak with a value of 47,230. The market is increasing significantly, showing bullish nature, and growth of the companies. The small-cap index hit a new level at 41,317, whereas the mid-cap index reached a new peak of level with 35,216. The overall market is growing which means companies gained a lot of capital from the public which eventually increases the trade within or outside the country. The growth of the market also attracts foreign investors that ultimately provide more funds to them and the chance of expanding their limit increases. The market will keep moving forward as stated by Vaishali Parekh, Vice President and Technical Researcher at Prabhudas Lilladher, sharing tips to choose the shock, and suggesting the three stocks to buy. Vaishali Parekh, an expert at Prabhudas Lilladher, said that the market will climb to a new peak if there is buying in frontline stock of HDFC bank, ICICI bank, and Reliance Industries Limited. Parekh recommends three shares for intraday trading on Wednesday. Stick to the article to grab the details. Vaishali Parekh made a statement in the interview; she described the Nifty 50 attaining a new peak, she said that the Nifty 50 will cross the 20,850 zones if there is a trend of buying maintained in stocks like ICICI Bank, M&M, HDFC Bank, and RIL. She indicated that the market can touch the level of 21,000, and even can go ahead of this. Moreover, Bank Nifty can go further level of 47,000 zones to reach a new high level, and it probably can go to 48,200 if this continuation is maintained. Axis Bank has good inside potential from the current level. Vaishali shared the intraday tips, describing the price for Nifty today, which is 20,700 with resistance at 21000 level. Bank Nifty will fluctuate between the range of 46,700 and 47,500 levels. Suggested Three Stocks to Buy Vaishali Parekh suggested three stocks for intraday trading. The list of these stocks have been mentioned below:- - Himatsingka Seide: Buy at ₹171.20, stop loss ₹168, target ₹185,; - Lemon Tree: Buy at ₹118.65, stop loss ₹116, target ₹124; - Oberoi Realty: Buy at ₹1459, stop loss ₹1435, target ₹1610.

FAQs:-

What is Prabhudas Lilladher? Prabhudas Lilladher is a broker firm in India, offering services of advisory, investing, buying & selling of shares, Intraday, and more. You can visit www.pindia.com to learn better. Who is the current Vice President of Prabhudas Lilladher in 2023? Vaishali Parekh is a Vice President of Prabhudas Lilladher in 2023. Who is the owner of Prabhudas Lilladher? Amisha Vora is a co-owner of Prabhudas Lilladher, holding a 96% stake in the company. She is now the Chairperson and Managing Director of the company. Read the full article

Unveiling the Unexpected: Surprising Food Items Fuel Inflation by Over 7%

Cereals and pulses are likely to contribute to sustained inflation in India, according to a research report by Prabhudas Lilladher. In July, the country experienced a surge in CPI inflation, reaching a 15-month peak at 7.44 percent, primarily driven by food prices. The report attributes the inflation not only to vegetables, but also to a wider range of food items including cereals, pulses, and…

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Royal Enfield to face competition from Harley x440 

Given Harley Davidsons' brand image and competitive pricing at which the product was launched, X 440 could be a strong contender in the premium segment.

NEW DELHI: India’s largest two-wheeler maker Hero MotoCorp and American legacy brand Harley-Davidson’s co-developed mid-size bike is likely to challenge the might of Royal Enfield in the mid-size segment as the impact of the x440 launch was seen in Eicher Motors shares, which witnessed one of its worst selling sessions in recent times on Tuesday.

Shares of Eicher Motors, the parent company of Royal Enfield, cracked over 6% to end Tuesday at Rs 3,411 a piece. Hero MotoCorp shares, on the other other hand, gained 5% to close at Rs 3,035. “Harley Hero x440 is launched at a competitive price, which is below expectation and surprised positively. Given Harley Davidsons brand image and competitive pricing at which the product was launched, X 440 could be a strong contender in the premium segment and has all the ingredients to garner good market share,” said Himanshu Singh- Research Analyst, Prabhudas Lilladher.

Singh added that the biggest loser could be Eicher Motor given a near-monopoly market share in premium segment. The impact on volume would depend on how fast Hero and Harley can attract buyers and how RE responds to the competition. But, we are seeing increased competition for Royal Enfield and this could be an overhang on Eicher Motors’ share price,” said Singh.

Hero and Harley launched their co-developed premium motorcycle — the Harley-Davidson X440 in India late Monday night at a starting price of Rs 2.29 lakh lakhs. Currently, Royal Enfield has a market share of about 90% in the 250–350 cc segment and it dominates the 350–650 cc segment.

Owing to the high demand for RE bikes, this segment is attracting the eyeballs of rival bike makers such as Honda 2wheelers, Hero MotorCorp and Bajaj Auto, which in partnership with Britain’s Triumph is expected to launch its mid-size bike soon. Pawan Munjal, Executive Chairman, Hero MotoCorp, said, “The motorcycle brings the best of the iconic Harley-Davidson’s signature elements with manufacturing expertise and trusted quality of Hero. Together, we aim to create a unique value proposition for customers in the Indian market and target a wider range of motorcycle enthusiasts.”

BENGALURU, May 2 (Reuters) - Cash-strapped Indian airline Go First filed for bankruptcy on Tuesday, blaming "faulty" Pratt & Whitney engines for the grounding of about half its fleet.

The move marks the first major airline collapse in India since Jet Airways filed for bankruptcy in 2019, and underscores the fierce competition in a sector dominated by IndiGo and the recent merger of Air India and Vistara under the Tata conglomerate.

Go First's total debt to financial creditors was 65.21 billion rupees as of April 28, it said in a bankruptcy filing with the National Company Law Tribunal.

The company had not defaulted on any of those dues as of April 30, but had defaulted on payments to operational creditors, including 12.02 billion rupees to vendors and 26.60 billion rupees to aircraft lessors, it said in the filing.

In a statement, Go First said its filing followed a refusal by Pratt & Whitney, the exclusive engine supplier for the airline's Airbus A320neo aircraft fleet, to comply with an arbitration order to release spare leased engines that would have allowed the airline to return to full operations.

Grounded aircraft "due to Pratt & Whitney's faulty engines" ballooned from 7% of its fleet in December 2019 to 50% in December 2022, the airline said, costing it 108 billion rupees ($1.32 billion) in lost revenues and additional expenses.

Pratt & Whitney said in a statement to Reuters that it was "committed to the success of our airline customers, and we continue to prioritize delivery schedules for all customers."

"P&W is complying with the March 2023 arbitration ruling related to Go First. As this is now a matter of litigation, we will not comment further," it added.

In February, the boss of Raytheon Technologies (RTX.N), which owns Pratt & Whitney, acknowledged that its GTF engines had had reliability issues.

Pratt & Whitney has also been quoted in Indian media as saying it was affected by industry-wide supply chain pressures and that it expects those to ease later this year, which would support increased output of new and overhauled engines.

Analysts have said bigger rival IndiGo has been able to withstand the impact better, thanks to its larger fleet and a deeper pocket.

Go First, owned by the Wadia Group and formerly known as GoAir, said on its website that it had cancelled flights scheduled for May 3 to May 5 due to "operational reasons".

"The government of India has been assisting the airline in every possible manner," India's Civil Aviation Minister Jyotiraditya Scindia said in a statement. "The issue has also been taken up with the stakeholders involved."

The collapse could boost rival airlines as the industry tries to meet a surge in post-pandemic air travel.

"The sudden disruption in operations is likely to benefit other players and increase airfares due to supply constraint," wrote Jinesh Joshi, a research analyst with Prabhudas Lilladher.

SURPRISE MOVE

The move took Go First's lenders by surprise, two bankers aware of the matter told Reuters.

The lenders met Go First's management a few weeks ago, but no intimation was given, one of the bankers said. Lenders will meet soon to assess the situation and decide on a future course of action, they said.

"I am a little stunned to hear of them file for bankruptcy," said Mark Martin, CEO at aviation consulting firm Martin Consulting LLC. "I still feel that this might not be the end of Go First. This must be a vehicle and a means for somebody new to take over."

Go First's problems, which forced it to delay its planned $440 million IPO in 2021, led to an erosion in its market share to 6.9% in March from 8.4% in January, latest data from the Indian aviation regulator showed.

The Wadia Group had been reported to be in talks to either sell its majority stake or completely exit its shareholding. Wadia Group did not respond to an email seeking comment.

Go First said the groundings had driven some lessors to "repossess aircraft, draw down letters of credit and notify further withdrawal of aircraft."

Employees were caught unaware as they heard about the halt in daily operations first from local media, according to three pilots who did not want to be named. They have been receiving their salaries with a delay for the past few months, the pilots added.

"We understand that this news is likely to be distressing, and we remain committed to offer our support to all of you during this difficult time," Go First later said in a email to employees.

($1 = 81.7420 Indian rupees)

Amisha Vora acquires Prabhudas Lilladher (PL) Group https://questlation.com/prnewswire/2a821ee21145cc6830e81a4e6f11d822/?feed_id=16240&_unique_id=64143697c26ef

Jubilant FoodWorks - Risk-Reward Favorable As Headwinds Priced In: Prabhudas Lilladher

Jubilant FoodWorks – Risk-Reward Favorable As Headwinds Priced In: Prabhudas Lilladher

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.  Prabhudas Lilladher Report We cut our FY23/FY24/FY25 earnings per share estimates by…

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Stock Market LIVE: Indices expect cautious start; SGX Nifty in green

Stock Market LIVE: Indices expect cautious start; SGX Nifty in green

A pessimistic mood grips investors as central bankers appear poised to push markets into recession and combat inflation as their main task. Inflation has eased but remains painfully high. This has motivated central bankers to maintain their aggressive attacks. 19 Dec 2022, 08:24:04 AM IST Buy or Sell Stocks: Vaishali Parekh recommends 2 stocks to buy today Prabhudas Lilladhar’s Vaishali Parekh…

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Nifty F&O: Nifty F&O data shows 18,600 crucial level; 2 stock ideas from Prabhudas Lilladher

Nifty F&O: Nifty F&O data shows 18,600 crucial level; 2 stock ideas from Prabhudas Lilladher

Markets have been moving sideways again for quite sometime now. However, no major change on the overall trend yet. Weekly expiry option for Nifty witnesses PE writers actively adding their positions at 18,600PE – over 56 lakh shares OI, with fresh additions of more than 45 lakh shares. CE writers’ exposure lies at 18,600CE /19,500CE – more than 60 lakhs and 57 lakhs shares OI, respectively. PCR…

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Accumulate Bajaj Electricals; target of Rs 1091: Prabhudas Lilladher

Accumulate Bajaj Electricals; target of Rs 1091: Prabhudas Lilladher

Accumulate Bajaj Electricals; target of Rs 1091: Prabhudas Lilladher Prabhudas Lilladher recommended accumulate rating on Bajaj Electricals with a target price of Rs 1091 in its research report dated May 17, 2022. Prabhudas Lilladher recommended accumulate rating on Bajaj Electricals with a target price of Rs 1091 in its research report dated May 17, 2022. Go to Source

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Buy or sell: Vaishali Parekh recommends 2 stocks to buy today — 18th November | Mint - Mint

Buy or sell: Vaishali Parekh recommends 2 stocks to buy today — 18th November | Mint – Mint

Vaishali Parekh of Prabhudas Lilladher believes that Bank Nifty would have the daily range of 42,000 to 43,000 levels Buy or sell stocks for today: After showing an upside recovery from the intraday lows in later part of the sessions in the last few sessions, Dalal Street witnessed sharp weakness from the intraday highs on Thursday and closed the day in negative zone, snapping its two days…

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Amisha Vora, Co-Owner Of Prabhudas Lilladher, Ups Stake To 96% In The Firm

Amisha Vora, Co-Owner Of Prabhudas Lilladher, Ups Stake To 96% In The Firm

Amisha Vora acquires Prabhudas Lilladher, ups stake to 96% Financial services provider Prabhudas Lilladher Group on Wednesday said its co-owner and joint managing director Amisha Vora has increased her stake in the group’s holding company to 96 per cent from 24 per cent. She will now be the chairperson, and managing director of the group, a press release by the company said.  The report added…

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Affle stocks: Buy Affle (India), target price Rs 1403: Prabhudas Lilladher

Affle stocks: Buy Affle (India), target price Rs 1403: Prabhudas Lilladher

Prabhudas Lilladher has buy call on Affle (India) with a target price of Rs 1403. The current market price of Affle (India) Ltd. is Rs 1101.25. Time period given by analyst is one year when Affle (India) Ltd. price can reach defined target. Affle (India) Ltd., incorporated in the year 1994, is a Mid Cap company (having a market cap of Rs 14742.23 Crore) operating in Services sector. Affle…

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Tanzanian businessman faces arrest after court clears Interpol warrant

Tanzanian businessman faces arrest after court clears Interpol warrant

Economy Tanzanian businessman faces arrest after court clears Interpol warrant Friday August 05 2022 Jayesh Kumar Prabhudas Kotecha in court on June 3, 2021. PHOTO | DENNIS ONSONGO | NMG A Tanzanian businessman has failed to stop warrants issued to Interpol for his arrest before a Nairobi court over Sh706 million bank fraud charges. Guarar Jayesh Kumar Kotecha wanted the High Court to stop the…

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