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Bloomberg Quint
2d
74
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IDFC First Bank Shares In Focus After UBS Initiates Coverage With 'Neutral' Rating: 5 Key Factors
- UBS has initiated coverage on IDFC First Bank with a 'neutral' rating, citing challenges in return on asset (ROA) due to high credit costs and operational expenditures.
- The bank, post-merger with Capital First, has shifted focus to a retail franchise but faces limited upside potential in ROA, despite growth in retail/CASA deposits.
- UBS identifies 5 key factors including a neutral risk-reward outlook, sector tailwinds supporting growth, stable net interest margin (NIM) amid loan mix shifts, high credit costs, and forecasts of sustained stress in business loans.
- Shares of IDFC First Bank have seen a 7% rally in one month and 20% year-to-date, with UBS projecting a modest ROA of 1% by FY27.
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Bloomberg Quint
2d
142
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SEBI’s Massive Pump-And-Dump Crackdown: Over 200 Companies Likely Under Scanner
- SEBI is intensifying its investigation into a large-scale pump-and-dump operation involving shell companies, possibly impacting over 200 companies.
- The focus is on entities suspected of artificially inflating stock prices and offloading them to unsuspecting investors.
- SEBI is examining data from over 150 mobile devices and 100 computers, with recent searches covering more than 80 premises in this ongoing enforcement crackdown.
- The probe involves detailed forensic analysis of digital devices seized during raids on a suspected network of shell companies manipulating stock prices.
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Bloomberg Quint
2d
51
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Market Experts' LIVE Stock Recommendations: Should You Buy, Sell Or Hold These Stocks Today?
- Leading market experts and brokerages are giving live stock recommendations today for investors to buy, sell, or hold.
- Markets are expected to open lower due to weaker-than-expected earnings from Tata Consultancy Services and fresh tariffs imposed by US President Donald Trump.
- One of the recommendations is to buy CONCOR with a stop loss at Rs 615 and a target price of Rs 651 by Nilesh Jain of Centrum Broking.
- Readers are advised to consult their financial advisers before making any investment decisions.
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Bloomberg Quint
2d
395
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Belrise, Sagility, Adani Energy Among Jefferies' 11 Stock Picks — Check Others
- Jefferies has identified 11 value buy stocks within its India coverage, including Adani Energy Ltd., Adani Ports & Special Economic Zones Ltd., AWL Agri Business Ltd., and Birla Corp.
- The firm highlighted the challenge of finding attractive value versus growth in non-financial sectors as MSCI India ex-financials trades at a high PE ratio.
- Newly listed companies like Belrise Industries Ltd., Sagility India Ltd., and Adani Energy Solutions Ltd. have been added to Jefferies' model portfolio for their value potential.
- Jefferies stresses the importance of bottom-up stock picking in the current market environment, with these selected value stocks positioned for growth in the upcoming quarters.
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Bloomberg Quint
2d
327
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M&M, Eicher Motors & More — Nirmal Bang's Top Stock Picks In Auto, Auto Ancillary Pack; Q1 Results Preview
- Nirmal Bang's top stock picks in the auto and auto ancillary sector are M&M in four-wheelers and Eicher Motors in two-wheelers.
- Auto and ancillary margins may decrease for OEMs due to rising steel and precious metal prices, but scale could mitigate the impact of raw material cost increases.
- Nirmal Bang is optimistic about ASK Automotive's collaborations with global leaders and has upgraded Suprajit to Buy based on its manufacturing strategy.
- The article provides insights on the preferred stocks in the auto and auto ancillary sector and the factors influencing their performance.
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19 Likes
Bloomberg Quint
2d
296
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SML Isuzu Acquisition: How M&M's Open Offer May Fare For Investors
- Mahindra & Mahindra (M&M) will acquire SML Isuzu, with the share price running up 93% since April 28.
- M&M will purchase a 43.96% stake and a 15% stake in SML Isuzu at Rs 650 per share, with plans for an open offer to acquire a 26% stake at Rs 1,554.6 per share.
- SML Isuzu reported positive financial performance in recent months, with growth in revenue and operating margin.
- M&M's acquisition of SML Isuzu aims to double market share, with plans for further growth in the coming years.
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Bloomberg Quint
2d
412
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TCS Q1 Results Review: Buy, Sell Or Hold? Analysts Mostly Bullish Despite Weak Earnings
- TCS reported a 4% rise in consolidated net profit for the quarter ended in June, meeting analyst estimates.
- Despite weak earnings, analysts remain bullish on TCS, anticipating a challenging demand environment for the next one to two quarters.
- Analysts expect TCS's medium-to-long-term outlook to be positive due to the high technology debt in enterprises that may lead to increased spending as the macroeconomic environment improves.
- TCS stock received mixed recommendations from analysts, with 34 suggesting 'buy', 12 'hold', and 4 'sell' ratings, reflecting varied views on the company's future performance.
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Bloomberg Quint
2d
688
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Mankind Pharma Gets Target Price Hike — Why Jefferies Calls It Top Pick
- Jefferies has raised its target price on Mankind Pharma Ltd. to Rs 3,000 from Rs 2,870, maintaining a 'buy' rating due to expected recovery and significant improvements in the coming quarters.
- The first and second quarters are anticipated to be pivotal for Mankind Pharma, with India Rx growth expected to normalize later in the fiscal year. The synergies from the BSV acquisition are projected to reflect in the 26% Ebitda margin guidance for FY26.
- Jefferies highlighted the favorable risk-reward profile of Mankind Pharma, making it their top pick. The company is likely to deliver 19% returns in the base case and over 30% in the bull case, with a downside estimated at less than 10% in case of delays in recovery.
- Mankind Pharma, established in 1995, is a leading pharmaceutical company in India with a strong presence in various therapeutic areas. The company operates in both domestic and international markets.
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Bloomberg Quint
2d
231
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Gold, Silver Prices Rise — Check Prices In Mumbai, Chennai, Other Cities
- Gold and silver prices rose on Friday, with gold trading at Rs 97,050 per 10 gm.
- The highest price for gold in the last six months was Rs 1,00,470 on June 15.
- Silver prices also saw a marginal rise to Rs 109,230 per kg on Friday.
- Different cities in India showed varying gold prices, with Chennai having the highest rate at Rs 97,150 per 10 gm.
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Bloomberg Quint
2d
377
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Axiom-4 Mission: Shubhanshu Shukla To Return To Earth On July 14, Says NASA
- Astronaut Shubhanshu Shukla and three other crew members of the Axiom-4 mission are set to return to Earth from the International Space Station on July 14, as confirmed by NASA.
- The Axiom-4 mission, which began on June 25 with the Dragon spacecraft docking at the ISS, has involved a high beta period for careful thermal management due to near-constant sunlight.
- During their mission, Shukla and his crew have completed close to 230 orbits around Earth, traveled more than six million miles, and engaged in various activities including research and connecting with Earth.
- The Ax-4 mission included over 60 experiments across various scientific domains, aiming to contribute to advancements in human space exploration and potentially impact areas such as diabetes management and cancer treatments.
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22 Likes
Bloomberg Quint
2d
513
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Ambuja Cement — Nirmal Bang's Top Stock Bet In Cement Sector; Q1 Results Preview
- Ambuja Cement is Nirmal Bang's top stock bet in the cement sector, with Ramco Cements and Nuvoco Vistas as close contenders.
- The Indian cement industry is expected to see steady growth in FY26, supported by various structural and cyclical factors.
- Companies under Nirmal Bang's coverage are projected to grow by over 7%, attributed to recovering construction activity, improving rural demand, sustained traction in real estate, and increased government spending.
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8 Likes
Bloomberg Quint
2d
263
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Bitcoin Extends Record Run While Options Traders Target $120,000
- Bitcoin breached $116,000 for the first time, leading options traders to target higher prices, particularly focusing on call options with $115,000 and $120,000 strike prices.
- Liquidations in short positions accelerated after Bitcoin surpassed $116,000, with significant amounts being liquidated over short timeframes.
- The rally in Bitcoin is attributed to factors such as bullish comments by President Donald Trump over his Truth Social site and rising demand from recently launched crypto treasury companies.
- The funding rate in the Bitcoin perpetual futures market remains positive, signaling more demand for bullish positions, while Bitcoin continues to rise amidst macro headwinds and tensions.
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15 Likes
Bloomberg Quint
2d
217
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Uber’s India Ambitions Face Latest Challenge From Rival Rapido
- Rapido challenges Uber in India with motorcycle taxi disruption and new pricing model.
- Rapido's unique approach includes tiny subscription fee for drivers, setting stage for profitability.
- India's growth market attracts competition as Uber faces off against local rival Rapido.
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7 Likes
Bloomberg Quint
2d
643
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Petrol, Diesel Prices Flat On July 11 — Here's How Much You Pay For Fuel In Your City
- Fuel prices in India remained unchanged on July 11, with petrol and diesel maintaining steady prices across major cities.
- In Delhi, petrol is priced at Rs 94.77 per litre, while diesel costs Rs 87.67. In Mumbai, petrol is priced at Rs 103.50 per litre, and diesel at Rs 90.03.
- Oil marketing companies in India review fuel prices daily based on global crude oil prices, exchange rates, demand, and trade flow in global markets.
- Despite recent volatility in global crude oil prices due to geopolitical risks, oil prices remained stable, with Brent and West Texas Intermediate showing minimal fluctuations.
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10 Likes
Bloomberg Quint
2d
224
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JSPL, Hindalco, Jindal Stainless — Anand Rathi's Top Stock Picks In Metals & Mining Sector; Q1 Results Preview
- Anand Rathi is positive on Jindal Steel, Hindalco Industries, and Jindal Stainless in the Metals and Mining sector for Q1 results.
- Anand Rathi anticipates Jindal Steel and Power Ltd. to outperform the sector with Rs 13,214 Ebitda/tonne and sector-leading ~20.6% Ebitda margins.
- Jindal Stainless Ltd.'s Ebitda is expected to have improved the most quarter-over-quarter (QoQ) by 30% to Rs 11,066/tonne.
- In Q1 FY26, primary long steel prices commanded an 8% premium to HRC, reaching a high of Rs 57,200 a tonne.
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