Today's Business Blitz- "Private Life Insurance Surges, India Cements Q1 Analysis, Prism Johnson Q1 Review, Patel Engineering Bounces Back, “SoftBank Picks Winning Stocks"
16th August, 2024
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1. “Private Life Insurance Surges: A 30% Growth in Individual WRP Revealed for July 2024 by Motilal Oswal”
Private player individual WRP grew 30% YoY in July 2024.
HDFC Life, Max Life, ICICI Pru, and Bajaj Allianz General saw strong WRP growth.
LIC's individual WRP flat in July 2024, after 12.7% growth in June 2024.
IRDAI's new surrender value regulations may impact future WRP growth.
SBI Life and HDFC Life are preferred picks in the sector.
#AI#HDFC Life Insurance Co Ltd#Research Reports#bqblue
2. “India Cements Q1 Analysis: How Low Capacity and Weak Pricing Resulted in Operating Losses, Insights by Motilal Oswal”
India Cements (ICL) reported an operating loss of Rs 310 million in Q1 FY25 due to low capacity utilisation and weak pricing.
Sales volume declined by around 26% YoY, and blended realization dropped by 5% YoY.
ICL's management attributed the low capacity utilisation to the liquidity crunch caused by sustained losses.
Promoters have agreed to sell their entire stake in ICL to UltraTech Cement for Rs 390 per share, subject to regulatory approvals.
Motilal Oswal has revised its valuation method for ICL to enterprise value/tonne, arriving at a target price of Rs 310 per share.
The brokerage reiterates its 'Sell' rating for ICL due to its deteriorating operating performance.
#valuation#Research Reports#enterprise#bqblue
3. “Prism Johnson Q1 Review: Weak Demand Affects Performance - Anand Rathi Suggests 'Hold”
Prism Johnson's Q1 performance impacted by weak demand-pricing.
Revenue and EBITDA fell by 9.2% and 12.8% YoY respectively.
Low fuel costs mitigated cement EBITBA/tonne decline.
Volume growth limited due to high capacity utilization.
Focus on green energy to reduce costs.
Anand Rathi maintains 'Hold' rating, raises target price to Rs 178.
Risks include rising fuel prices and demand slowdown.
#Research Reports#bqblue
4. “Patel Engineering Bounces Back: A Look into the Surging Performance after June Quarter Results”
Patel Engineering ended a two-day losing streak after Q1 results.
Despite a drop in sales and operating profit, net profit grew double-digits.
The company plans to focus on the hydroelectric power segment for growth.
MD Kavita Shirvaikar highlighted Rs 1.5 lakh crore worth of potential hydropower projects.
Shirvaikar anticipates an order book increase of Rs 10,000-15,000 crore in the next year.
#bqfree#company#crore#Notifications#Markets#Business News#Business
5. “SoftBank Picks Winning Stocks in India's Booming IPO Market”
SoftBank Group is benefiting from India's booming IPO market, with three backed companies (Ola Electric, Unicommerce, and Brainbees) making strong debuts.
Ola Electric, India's largest IPO in two years, has surged over 60%.
SoftBank gained $155 million from partial sales in these offerings.
The IPOs support SoftBank CEO Masayoshi Son's plans to invest in AI and semiconductors.
The Vision Fund is actively involved in deal-making ahead of SoftBank's focus shift.
India's IPO market remains robust, with Swiggy and Oravel Stays among SoftBank's portfolio companies preparing for listings.
#STK#MARKETS#WWTOPAS#TECSVC#AI#IPOs#INDUSTRIES#TOP#JAPAN#Bloomberg#bqmetered#ASIA#TEC#Swiggy#COS#TMT#ALLTOP#ASIATOP#semiconductor#Market#WORLD#Markets#WWTOPAM#INDIA#Business#commerce#BUSINESS#WWTOP#WWTOPEU#TECHTOP
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