Today's Business Blitz- "India's Breakthrough, Reliance Industries Q1 Review, Reliance Industries FY25 Q1 Results Analysis, Loan Growth Slowdown, Coal India Secures Major Milestone"
Today's Business Blitz- "India's Breakthrough, Reliance Industries Q1 Review, Reliance Industries FY25 Q1 Results Analysis, Loan Growth Slowdown, Coal India Secures Major Milestone"
22nd July, 2024
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1. “India's Breakthrough: First-Ever Agricultural Commodity Processing Unit Gets Green Light”
India's first agricultural commodity processing facility approved by the Union government.
Facility will be set up at Jawaharlal Nehru Port Authority in Maharashtra.
Expected cost: Rs 285 crore.
Aims to reduce wastage, extend shelf life, and serve agricultural commodities from Maharashtra, Madhya Pradesh, and Gujarat.
Union Minister of Ports, Shipping, and Waterways Sarbananda Sonowal granted approval.
JNPA chairman Unmesh Sharad Wagh highlighted its alignment with port-led development and industrialization.
Facility will include processing, sorting, packing, cold storage, and warehouses.
#agricultural produce#Gujarat#Nation#crore#bqfree#Jawaharlal Nehru Port Trust#Nehru#war#Business
2. “Reliance Industries Q1 Review: A Deep Dive into Weak Performance by Dolat Capital”
Reliance Industries' Q1 performance was disappointing, with PBT and PAT declining YoY and QoQ due to weak operating profit across segments.
Capex increased 24% QoQ, but there were no updates on the "New Energy" business.
Retail Ebitda growth slowed to 11% YoY, the lowest in nine quarters.
Jio's average revenue per user remained flat QoQ.
The brokerage maintains an 'Accumulate' rating with an upward revision in the target price to Rs 3,370 based on a revised SoTP valuation.
#Jio#bqblue#valuation#update#Research Reports#war#business
3. “Reliance Industries FY25 Q1 Results Analysis: A Slow Start, Says ICICI Securities | Essential Read”
Reliance Industries reported mixed Q1 results with Ebitda growth of 2% YoY but a 5.5% decline in net earnings.
Sequential decline attributed to weaker margins in the oil-to-chemical segment.
Capex increased 24% QoQ to Rs 287.8 billion.
ICICI Securities reiterates 'Hold' rating with a target price of Rs 2,954.
#oil#bqblue#Research Reports
4. “Cholamandalam Faces Loan Growth Slowdown: Will It Challenge Their Market Dominance? Insights from HDFC Securities”
Cholamandalam's loan growth expected to moderate due to slowing vehicle cycle.
Portfolio diversification results in reduced dependency on vehicle finance (73% in 2018 to 58% in 2024).
Profitability expected to remain stable despite credit cost concerns.
Strong operational efficiency gains anticipated.
HDFC Securities maintains 'Add' rating with a target price of Rs 1,500 per share.
#finance#bqblue#Market#Research Reports
5. “Coal India Secures Major Milestone with First Graphite Block Acquisition”
Coal India secures first critical mineral asset, a graphite block in Madhya Pradesh.
CIL wins Khattali Chotti graphite block bid with a mining premium of 150.05%.
Acquisition aims to reduce India's graphite import reliance of 69%.
Graphite is crucial for lithium-ion batteries in electric vehicles and energy storage.
Demand for graphite expected to increase by 25-27% by 2035.
CIL's move into graphite mining aligns with its strategy to venture into critical minerals.
#Markets#strategy#Graphite#bqfree#Notifications#Business#electric vehicles
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