Latest news with #HDFCSecurities
Time of India
12 hours ago
- Business
- Time of India
Buy Voltas, target price Rs 1,420: HDFC Securities
HDFC Securities maintains buy call on Voltas with a revised target price of Rs 1,420. The current market price of Voltas Ltd. is Rs 1295. Voltas, incorporated in 1954, is a Large Cap company with a market cap of Rs 42,733.76 crore, operating in Consumer Durables sector. Voltas' key products/revenue segments include Electrical Goods, Sale of services, Contract Revenue, Other Operating Revenue and Scrap for the year ending 31-Mar-2024. Financial Performance For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 4,847.25 crore, up 53.19% from last quarter Total Income of Rs 3,164.16 crore and up 13.86% from last year same quarter Total Income of Rs 4,257.30 crore. The company has reported net profit after tax of Rs 267.66 crore in latest quarter. The company's top management includes N Tata, Bakshi, Bansal, Kumar Adhikari, N Vakil, Sarangi, Tulsidas Merchant, Menon, Agrawal, Deshpande, S Dubash, P Verma, Mr.V P Malhotra. Company has S R B C & Co. LLP as its auditors. As on 31-03-2025, the company has a total of 33.09 Crore shares outstanding. Live Events Investment Rationale HDFC Securities anticipates a weak Q1FY26 for the company due to weak demand and a high base effect. They expect growth to rebound in Q2FY26. Furthermore, and project healthy growth in Q3FY26, as RAC prices are likely to increase from January 2026, driven by new rating change regulations. Considering the weak demand during the peak Q1 season, they have revised our revenue estimates downward by 10% for FY26 and 5% for FY27. Similarly, APAT estimates have been cut by 11% for FY26 and 7% for FY27. The brokerage now models a CAGR of 10% for revenue, 15% for EBITDA, and 17% for APAT over FY25-27E. HDFC Securities values Voltas UPC business at 40x EPS Mar-27E and the EMPS and Engineering Products and Services (EPS) business at 20x EPS Mar-27E each; the loss-making Beko is valued at 2x FY27 sales, translating into ~40x Mar-27E EPS. The brokerage maintains BUY on Voltas with a lower target price of Rs 1,420/share.
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Business Standard
14 hours ago
- Business
- Business Standard
F&O: Here's a 'Bear Spread' for Nifty MidCap as it drops below 5, 20-DEMA
Analyst at HDFC Securities have recommended a 'Bear Spread' Strategy on the Nifty MidCap index as it has broken down from the upward sloping trendline, suggesting a weak outlook Nandish Shah Mumbai
Mint
a day ago
- Business
- Mint
Closing Bell!Nagaraj Shetti suggests Asahi India Glass, Swiggy shares to buy in the short term; do you own?
Stock market today: Indian stock markets were showing signs of weakness on Thursday, as investors remained wary of the potential for a US military strike and the unclear nature of Iran's reaction. However, in the second half of the Thursday's session, the benchmark indices rebounded with minor gains. At 14:08 IST, the Nifty 50 index was at 24,835 . 10, up by 23.80 points or 0.11%. Likewise, the Sensex was at 81,544.35, having risen 96.84 points or 0.13%. Market analysts have linked the cautious atmosphere to the risk of an intensifying conflict in the Middle East and concerns regarding a possible direct involvement by the US. Should this situation arise, significant selling pressure could be anticipated in global markets. On the technical front, Nagaraj Shetti of HDFC Securities suggests Nifty 50 support to be watched around 24,750 and the next lower support is placed at 24,500. Nagaraj Shetti recommends Asahi India Glass, Swiggy shares to buy in the near-term. After showing weakness from intraday highs on Wednesday, Nifty 50 shifted into a minor upside recovery from the day's low on Thursday and is currently trading on a slightly positive note. The underlying trend of Nifty 50 is range bound for the short term. Immediate supports to be watched at 24,750 and the next lower support is placed at 24,500 as per the broader high low range. Immediate resistance is at 25,000. Nagaraj Shetti of HDFC Securities recommends these two stocks to buy in the short-term - Asahi India Glass Ltd, and Swiggy Ltd. After showing a range bound action in the last couple of weeks, the stock price has witnessed an upside breakout on Thursday. The short term and long-term chart indicate a larger consolidation breakout for the stock price. Volume pattern and RSI indicates positive bias. The stock price has moved up sharply post healthy downward correction of last week. Bullish pattern like higher tops and bottoms has been formed as per daily timeframe chart. Volume expanded during upside breakout in the stock price and RSI shows positive indication. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
2 days ago
- Automotive
- Mint
Ather Energy to double retail network; plans 700 experience centres across India by FY26-end
Ather Energy, one of the country's leading electric two-wheeler manufacturers, today announced plans to scale up its retail network to 700 Experience Centers (ECs) across India by the end of FY26. The company said this expansion will nearly double its current footprint. "The expansion comes at a time when Ather is seeing strong momentum, driven by the success of the Rizta, Ather's first family scooter, which recently crossed 1 lakh units in retail sales within a year of its launch. Rizta has expanded Ather's reach beyond its core performance segment, attracting family scooter buyers and significantly increasing sales across key states including Gujarat, Rajasthan, Maharashtra, Delhi, Madhya Pradesh, Odisha, and Chhattisgarh," the company said. The company also noted that it has gained market share in regions where its brand presence was previously limited. Rizta now accounts for nearly 60% of Ather's total sales, unlocking new cities and attracting a wider base of family buyers, setting the stage for a much stronger retail presence in the coming months. As of March 31, 2025, Ather had 351 Experience Centers in India, along with 24 centers in Nepal and Sri Lanka, 46% of which are located in South India. With Rizta opening up new demand pockets, Ather now plans to triple its store count in northern markets while continuing to expand in eastern and western regions by the end of FY26. In terms of manufacturing, the company currently operates two plants in Hosur, Tamil Nadu—one for vehicle assembly and the other for battery production. Ather is also building a third facility in Bidkin, AURIC, Chhatrapati Sambhaji Nagar, Maharashtra, which is expected to raise its total manufacturing capacity to 1.42 million electric two-wheelers annually. Ravneet Singh Phokela, Chief Business Officer, Ather Energy, said, 'Rizta's phenomenal success has opened up new markets and brought a much larger set of family buyers into the Ather ecosystem. We're seeing demand coming in from cities where our footprint was previously limited, and that gives us the confidence to scale faster. Expanding to 700 experience centers is about staying ahead of this demand curve and ensuring that wherever our customers are, they have easy access to the full Ather experience.' With an expanding product portfolio, rapidly expanding dealership network, and improving focus on marketing and advertising, domestic brokerage firm HDFC Securities expects the company to outgrow the industry over the medium term and gain market share. The brokerage anticipates unit economics to improve in the medium term, given the improving economies of scale, better operating leverage, shift from NMC to LFP technology, introduction of the more efficient EL platform, and improving mix of merchandise and accessories. The expansion of its product portfolio (to also include more affordable models) and dealership network is the right ingredient for scaling up. HDFC strongly believes that Ather Energy will remain one of the leading players through the EV transition. It provides a good EV pure play opportunity for investors to invest in the Indian EV transition story. Thus, it has initiated coverage on the stock with a 'buy' rating and a target price of ₹ 409. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
Hans India
2 days ago
- Business
- Hans India
Gold falls Rs 1,200, silver up by Rs 100
New Delhi: Gold prices declined by Rs1,200 to Rs1,00,170 per 10 grams in the national capital on Tuesday due to continuous selling by jewellers and stockists in line with weak global trends, according to the All India Sarafa precious metal of 99.9 per cent purity had closed at Rs1,01,370 per 10 grams in the previous market session. Gold of 99.5 per cent purity dipped below the Rs1 lakh mark, by falling Rs1,100 to Rs99,450 per 10 grams. It had settled at Rs1,00,550 per 10 grams on Monday. "Gold corrected further as traders reevaluated the likelihood of a full-scale regional war between Israel and Iran. This shift follows reports suggesting that Iran is actively pursuing a diplomatic resolution to its escalating conflict with Israel. "The potential for a fragile truce has fostered a bearish sentiment among gold traders," Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities, said. However, silver prices went up by Rs100 to Rs1,07,200 per kilogram on Tuesday. The white metal had ended at Rs1,07,100 per kg in the previous market close. Globally, spot gold was trading lower at $3,380.65 per ounce. Meanwhile, spot silver went up 0.44 per cent to $36.47 per ounce in the international markets.
