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Bloomberg Quint
5d
583
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Tata Elxsi Share Price Falls Nearly 8% After Company Posts Decline In Net Profit
- Tata Elxsi Ltd.'s share price fell nearly 8% following a 16% decline in profit for the June quarter.
- Quarterly net profit dropped to Rs 144.37 crore from Rs 172.42 crore, while revenue decreased to Rs 892.10 crore from Rs 908.34 crore.
- EBIT declined by 11% to Rs 162.44 crore, with margins contracting to 18.2% from 20.1%.
- The CEO attributed the challenges faced in the quarter to macroeconomic uncertainties and industry-specific issues impacting R&D spend and decision-making cycles.
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Bloomberg Quint
5d
641
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Glenmark Pharma's Mega Deal With AbbVie Has Brokerages Mixed
- Glenmark Pharmaceuticals Ltd. struck a deal with AbbVie for its cancer drug ISB 2001, receiving mixed reactions from brokerages.
- Nuvama maintained a 'neutral' outlook, while HSBC and Axis Capital are more optimistic about the deal's transformative impact and growth prospects for Glenmark.
- The deal includes an upfront payment of $700 million, potential milestone payments of up to $1.225 billion, and tiered royalties on sales, providing a significant financial boost.
- HSBC raised its target price to Rs 2,275, emphasizing the transformative nature of the deal and the potential for better sales growth and profitability for Glenmark.
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Bloomberg Quint
5d
1.4k
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HUL Names Priya Nair As New CEO: Macquarie Bullish On Stock, Goldman Sach Is Neutral
- HUL announced the appointment of Priya Nair as the new CEO, succeeding Rohit Jawa from Aug. 1.
- Macquarie is bullish on HUL's stock, citing Nair's experience in India and the potential growth in the beauty segment.
- Goldman Sachs, on the other hand, maintained a neutral rating on HUL, anticipating gradual volume growth and margin decline due to increased marketing expenditure.
- While the leadership change at HUL has raised some concerns, brokerages like Macquarie and Investec have differing outlooks on the stock's future performance.
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Bloomberg Quint
5d
441
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Add TCS, Reduce Tata Elxsi Shares Maintains HDFC Securities Post Q1 Results — Here's Why
- HDFC Securities downgrades Tata Elxsi earnings estimates due to pressure on revenue and gross margins post Q1 results.
- TCS experienced delays in decision making and lower discretionary investments leading to a TCV of $9.4 billion, mainly driven by cost optimization projects instead of large transformation programs.
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Bloomberg Quint
5d
404
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Five Stocks To Buy Today: SBI, Prestige, Paytm, Container Corp. Among Others
- Stocks recommended for buying today include SBI, Prestige Estate Projects Ltd., Paytm's operator One97 Communications, Container Corp. of India, and Glenmark Pharmaceuticals Ltd.
- Experts like Nilesh Jain, Aditya Agarwala, Shrikant Chouhan, and Ajit Mishra provided their 'buy' recommendations on these stocks based on market data.
- Specific recommendations include buying Concor, One97 Communications, Prestige Estate Projects, SBI, and Glenmark at their current market prices with respective stop loss and target prices.
- It's important to note that the views expressed are of the individual experts, and viewers are advised to consult with their own financial advisors before making investment decisions.
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Bloomberg Quint
5d
78
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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
5d
148
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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
5d
412
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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
5d
341
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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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20 Likes
Bloomberg Quint
5d
310
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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
5d
418
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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
5d
720
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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
5d
394
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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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23 Likes
Bloomberg Quint
5d
525
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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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Bloomberg Quint
5d
275
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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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