Latest news with #TanmayTiwary
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Business Standard
15 hours ago
- Business
- Business Standard
Goldman Sachs trims Q1 estimates on EMS, durables; turns positive on C&W
Goldman Sachs retained its 'Buy' ratings on Crompton Greaves Consumer Electricals, Havells, and KEI Industries, citing stronger fundamentals and growth visibility. Tanmay Tiwary New Delhi Listen to This Article Goldman Sachs on India Industrials: Goldman Sachs has cut earnings estimates for Electronics Manufacturing Services (EMS) and consumer durables companies for June quarter of financial year 2026 (Q1FY26) amid weak summer product sales and margin headwinds, while raising projections for cable and wire (C&W) players on better volume growth. That said, the New York-based brokerage expects a mixed June quarter earnings season for India's industrial space, with divergent trends across electricals, durables, EMS, and cables and wires. Reflecting upon these divergent trends, Goldman Sachs retained its 'Buy' ratings on Crompton Greaves Consumer Electricals, Havells, and KEI Industries, citing stronger
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Business Standard
3 days ago
- Business
- Business Standard
Brokerages cut EPS estimates, downgrade Voltas on weak RAC demand outlook
According to JM Financial, Voltas and the overall RAC industry saw a 20-25 per cent year-on-year (Y-o-Y) volume decline in April and May, primarily due to unseasonal weather. Tanmay Tiwary New Delhi Listen to This Article Brokerages on Voltas: Brokerages have turned cautious on air conditioner (AC) maker Voltas, downgrading the stock and cutting FY26/27 earnings estimates despite the company's strong March quarter (Q4) and full-year FY25 performance. On the bourses, Voltas share s fell up to 2.39 per cent to hit an intraday low of ₹1,261.65 per share on Wednesday, June 18, 2025. Around 9:20 AM, Voltas shares continued to trade lower, down 1.44 per cent at ₹1,273.95. In comparison, BSE Sensex was trading 0.11 per cent lower at 81,489.89 levels. The EPS revisions followed an analyst call where management flagged a
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Business Standard
12-06-2025
- Business
- Business Standard
Indian equities to outperform despite near-term risks: Standard Chartered
While acknowledging that valuations appear stretched, Standard Chartered noted that Nifty's 12-month forward P/E ratio of 20.6x is above its long-term average of 18.2x but still below recent peaks. Tanmay Tiwary New Delhi Listen to This Article Standard Chartered on Indian equities: Standard Chartered remains 'Overweight' on Indian equities, citing a favourable mix of domestic growth recovery, robust earnings prospects, easing financial conditions, and strong support from domestic investors. While near-term volatility is expected, Standard Chartered expects equities to outperform other traditional asset classes (bonds, commodities) in the medium-term. 'We stay overweight equities and expect it to outperform other traditional assets. A likely recovery in domestic growth and earnings, easing financial conditions, better valuations relative to bonds amid low foreign investor positioning and robust domestic investor flows are key drivers supporting our positive view on equities,' Standard
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Business Standard
05-06-2025
- Business
- Business Standard
PSU bank stocks rally on cheap valuation, Q4 boost; will the momentum last?
Despite private banks performing strongly in 2025 so far, the last three months have seen a sharp reversal, with PSU banks taking the lead. premium Tanmay Tiwary New Delhi Listen to This Article Despite lagging behind in calendar year 2024 — with the Nifty Private Bank Index slipping 0.3 per cent, while the Nifty PSU Bank Index surged 13.61 per cent — private sector banks have outpaced their public sector counterparts so far in 2025 (as of June 3). The Nifty Private Bank Index has delivered a gain of 10.35 per cent in CY25, outperforming the Nifty PSU Bank Index which rose 8.30 per cent in the same period. By comparison, the Nifty50 gained 3.79 per cent during the same period. Individually, Kotak Mahindra Bank gained 14.7 per cent, ICICI Bank zoomed 11.6
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Business Standard
12-05-2025
- Automotive
- Business Standard
Tata Motors Q4 Preview: Here's what to expect from auto giant in March qtr
Tata Motors shares were buzzing in trade a day ahead of Q4 results, with the stock rising up to 3.39 per cent to hit an intraday high of ₹732.55. Tanmay Tiwary New Delhi Tata Motors Q4 Preview: Automobile major Tata Motors is likely to announce its March quarter of financial year 2025 (Q4FY25) results on Tuesday, May 13, 2025. While domestic brokerage firm Nuvama and Kotak Institutional Equities anticipate flat revenue growth and a decline in earnings before interest, tax, depreciation and amortisation (Ebitda) and profit after tax (PAT), Motilal Oswal projects a stronger performance, driven by improved margins and higher Jaguar Land Rover (JLR) volumes. A key focus remains on J aguar Land Rover's demand trends and margin outlook, as analysts foresee pressure from discounts and rising costs. Domestic operations, particularly in passenger and commercial vehicles, are expected to show stable or marginally improved profitability. Overall, Q4 results will reflect a complex interplay of cost pressures, product mix, and market dynamics. That said, Tata Motors shares were buzzing in trade a day ahead of Q4 results, with the stock rising up to 3.39 per cent to hit an intraday high of ₹732.55. Given this, here's what to expect in Q4FY25 results from Tata Motors: Nuvama Analysts at Nuvama expect Tata Motors' revenue to remain flat year-on-year (Y-o-Y) in Q4FY25. Despite improved margins in the India CV and PV segments, overall Ebitda margin is likely to contract due to weaker performance at JLR. The key monitorable will be JLR's demand trends and margin outlook. Thus, analysts project a revenue of ₹1,20,454.5 crore (flat Y-o-Y), Ebitda at ₹16,001.9 crore (down 6 per cent Y-o-Y), and PAT at ₹7,681.3 crore (down 56 per cent Y-o-Y) Kotak Institutional Equities Kotak Institutional Equities analysts expect the standalone business to witness a 5 per cent Y-o-Y decline in revenue, driven by a 4 per cent drop in volumes and a 1 per cent fall in average selling prices (ASPs). However, Ebitda margin is seen rising 90 bps Y-o-Y due to lower commodity costs and a richer product mix. Also, domestic PV margins are expected to improve to 7.7 per cent supported by EV segment tailwinds and PLI incentives. JLR revenue (ex-China JV) is expected to fall 2 per cent Y-o-Y, as volumes decline 3 per cent. ASPs may rise slightly with a better model mix, but margins could be impacted by higher discounts and marketing expenses. Hence, analysts expect a revenue of ₹1,20,932.9 crore (up 0.8 per cent Y-o-Y), Ebitda of ₹16,110.2 crore (down 5.2 per cent Y-o-Y), and PAT at ₹7,982.7 crore (down 54.1 per cent Y-o-Y) Motilal Oswal Motilal Oswal noted a volume decline of ~6 per cent in PVs and ~3 per cent in CVs Y-o-Y. CV Ebitda margins are expected to expand 90 bps, while PV margins are likely to stay steady at 7.3 per cent. JLR volumes are projected to grow 3 per cent Y-o-Y, although the Ebitda margin is seen contracting by 130 bps due to rising discounts and warranty costs. Despite margin pressures, analysts expect Tata Motors to report an 8 per cent growth in PAT. Overall, analysts expect a revenue of ₹1,26,280 crore (up 5.2 per cent Y-o-Y), Ebitda of ₹17,200 crore (up 1.2 per cent Y-o-Y), and PAT at ₹8,360 crore (up 8.2 per cent Y-o-Y).
