Latest news with #AntiqueStockBroking
Business Upturn
a day ago
- Business
- Business Upturn
Nifty 50 tops 385 points to 25,000 on GST reform optimism
By Aditya Bhagchandani Published on August 18, 2025, 09:51 IST The Nifty 50 surged 1.55% in early trade on August 18 to hit the psychological 25,000 mark, closing in at 25,012.85, powered by broad-based buying across key sectors. Gains were led by consumer durables, cement, autos, and real estate, as investors cheered the government's move towards next-generation GST reforms. The government's proposal to scrap the 12% and 28% slabs and shift to a simpler two-rate system of 5% and 18% has triggered a wave of optimism in equity markets. Prime Minister Narendra Modi has described the changes as a 'Diwali gift,' assuring that GST rationalisation will ease household budgets and boost demand across the consumption-driven economy. Brokerages remain upbeat on the structural impact. Motilal Oswal expects retail prices of goods in the 12% slab to drop 4–5%, benefiting consumption themes across staples, autos, cement, and durables. Emkay Global flagged short-term fiscal costs but sees inflation easing by 50–60 basis points, while Antique Stock Broking noted the twin boost of festive season demand and tax cuts could drive a recovery in H2 FY26. With sectors like consumer durables (Voltas, Whirlpool, Blue Star, Dixon), cement (Ambuja, Ultratech, Dalmia Bharat), and real estate (DLF, Godrej Properties, Oberoi Realty, Prestige Estates) rallying on GST hopes, investors are betting that the reforms will provide fresh momentum to India's consumption and growth outlook. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
&w=3840&q=100)
Business Standard
7 days ago
- Business
- Business Standard
Yatra Online shares up 16% as analysts hike target; soars 35% in two days
Shares of Yatra Online rallied over 16 per cent on Tuesday as analysts upped the target price after the company's June quarter performance beat street estimates. The travel services company's stock rose as much as 16.5 per cent during the day to ₹133.9 per share. The stock pared gains to trade 13.8 per cent higher at ₹130.7 apiece, compared to a 0.09 per cent advance in Nifty 50 as of 11:37 AM. Shares of the company have jumped nearly 35 per cent in two sessions, after rising 20 per cent on Monday. They currently trade at 28 times the average 30-day trading volume, according to Bloomberg. The counter has risen 12.7 per cent this year, compared to a 4.2 per cent advance in the benchmark Nifty 50. Yatra Online has a total market capitalisation of ₹2,056.39 crore. Yatra Online Q1 results The company reported a consolidated net profit of ₹16 crore in the first quarter of the financial year 2025-26, against a profit of ₹4.04 crore in the year-ago period. Revenue from operations surged 108.1 per cent year-on-year (Y-o-Y) to ₹209.81 crore in the quarter ended June 2025. Profit before tax jumped 293.5 per cent to ₹17.08 crore. Ebitda rose 246 per cent to ₹24.2 crore from ₹7 crore in the corresponding quarter last year, while the Ebitda margin improved to 11.53 per cent from 6.94 per cent. Yatra Online's Chief Executive Officer Dhruv Shringi said that the growth rates in the quarter were well ahead of the annual guidance, despite the disruption in travel in India on account of the cross-border tension and the unfortunate air crash in June 2025. "As we look ahead, we remain focused on driving sustainable growth, enhancing shareholder value, and expanding our competitive edge in the global travel ecosystem." Analysts on Yatra Online Q1 earnings Antique Stock Broking said that the Q1 performance was marked by a healthy Ebitda margin, stronger results in the standalone hotel business, sustained growth in the corporate segment, and a four-fold Y-o-Y increase in profitability. The brokerage noted that the company's strategic focus on corporate clients and the meetings, incentives, conferences, and exhibitions (MICE) segment is delivering positive results. Antique Stock Broking remains optimistic, projecting earnings growth at a compound annual growth rate of 45 per cent for FY25-28, driven by continued expansion in the high-margin corporate and MICE segments. It maintained a 'Buy' rating on the stock, with a revised target price of ₹175 (previously ₹136). JM Financial said Yatra Online delivered a healthy Ebitda beat in the first quarter, driven by a favourable business mix and higher air ticketing take rates. New corporate client additions remained strong, supported by robust organic trends. The brokerage is now factoring in consolidated revenue and adjusted Ebitda growth of 29 per cent and 66 per cent, respectively, in FY26, above management guidance. It noted that the stock trades at attractive valuations. The brokerage revised the target price to ₹170 for June 2026 and maintained a 'Buy' rating.
&w=3840&q=100)
Business Standard
07-08-2025
- Business
- Business Standard
FPI selloff may worsen as Trump ups India tariffs pressure
Analysts have largely attributed the selloff to the trade uncertainty triggered by Donald Trump's tariff-related policies Sai Aravindh Puneet Wadhwa Mumbai | New Delhi Listen to This Article The ongoing foreign portfolio investor (FPI) selloff in Indian markets may deepen further after the US President Donald Trump escalated tariff measures against India, which is already witnessing the highest outflows among emerging markets (EM). According to Antique Stock Broking, India saw the highest FPI outflows among EM, with $10.3 billion sold as of July-end. In the last 13 trading sessions alone, global funds have offloaded nearly ₹40,000 crore worth of shares, according to NSE data. Analysts have largely attributed this to the tariff uncertainty triggered by Donald Trump's tariff-related policies. On Thursday, Trump doubled India tariffs to 50 per
&w=3840&q=100)
Business Standard
07-08-2025
- Business
- Business Standard
Lupin shares advance 5% after Q1 results; should you buy in?
Shares of Lupin gained nearly 5 per cent on Thursday as analysts remained bullish after the firm posted a 52 per cent year-on-year increase in net profit in the first quarter of the current financial year (Q1FY26) The pharma major's stock rose as much as 4.65 per cent during the day to ₹1,937.9 per share, the biggest intraday rise since April 28 this year. The stock pared gains to trade 3.8 per cent higher at ₹1,919 apiece, compared to a 0.32 per cent decline in Nifty 50 as of 9:57 AM. Shares of the company snapped a two-day losing streak and currently trade at 5.9 times the average 30-day trading volume, according to Bloomberg. The counter has fallen 18 per cent this year, compared to a 3.6 per cent advance in the benchmark Nifty 50. Lupin has a total market capitalisation of ₹88,332.65 crore. Lupin Q1 results The drug maker reported a profit after tax (PAT) of ₹1,221 crore in the April-June quarter, marking an increase of 72 per cent year-on-year (Y-o-Y). Revenue rose to ₹6,164 crore in the first quarter as against ₹5,514 crore in the year-ago period. The company said its sales in the US stood at ₹2,404 crore in the June quarter, registering a growth of 24 per cent as compared to ₹1,934 crore in the year-ago period. India sales for Q1 FY26 stood at ₹2,089 crore, up 8 per cent from ₹1,938 crore. "We continue to build strong business momentum, anchored by a robust product portfolio, improved efficiencies, and effective use of assets and investments," Managing Director Nilesh Gupta said. "As we begin the year, our sharpened focus on compliance, innovation, and technology positions us to further unlock sustainable growth," he added. Analysts on Lupin Q1 results Antique Stock Broking noted that Lupin delivered a strong first-quarter performance for FY26. Ebitda rose 28 per cent Y-o-Y despite a 38 per cent increase in R&D expenses. The quarter marked the launch of Tolvaptan (gJynarque) under sole FTF exclusivity in the US, boosting US sales to $282 million, it said, adding that the base US business saw single-digit price erosion. A further ramp-up is expected in the second quarter, analysts said. It maintained a 'Buy' rating on the stock with a revised target of ₹2,450 per share (earlier ₹2,395). Systematix Institutional Equities said that while revenue and Ebitda came in below expectations, net profit was in line. The revenue and Ebitda miss was primarily due to lower-than-expected US sales, it noted. The brokerage has revised its estimates to reflect a higher contribution from generic Mirabegron over the year. Systematix maintains a 'Hold' rating on Lupin with a target price of ₹2,050. Lupin's superior performance was driven by 180-day exclusivity in tolvaptan and continued running in gSpiriva and gMyrbetriq, according to analysts at Nuvama Institutional Equities. FY26 is a strong year for Lupin with further launches of glucagon and liraglutide over the next few months, it said. They retained 'Buy' with a target price of ₹2,340 per share.
Mint
06-08-2025
- Business
- Mint
DLF needs a wow factor even after a solid start to FY26
DLF Ltd saw a significant boost in its pre-sales, or bookings, in the June quarter (Q1FY26), driven primarily by the robust response to its luxury residential launch, Privana North (Phase 3). Pre-sales jumped 78% year-on-year to ₹11,425 crore, with Privana North accounting for a staggering 96% of bookings. The remainder came from ongoing sales at The Dahlias project. DLF had no new launches in Q4FY25, so a rebound in Q1FY26, powered by fresh inventory, was expected. The company, which has a dominant presence in the National Capital Region (NCR), reiterated its FY26 pre-sales guidance of ₹20,000–22,000 crore, despite having achieved around 50% of the target last quarter. With Gurugram lacking quality supply from reputed real estate developers, DLF is likely to meet its FY26 pre-sales guidance, but no significant positive surprise is expected, said a 6 August report by Antique Stock Broking. In July, DLF marked its entry into the Mumbai Metropolitan Region (MMR) with the much-anticipated launch of The West Park in Andheri West, a joint venture slum rehabilitation authority (SRA) project with the Trident group. The 0.55 million sq ft. project saw rapid absorption, generating ₹2,300 crore in pre-sales and selling out the launched inventory. This takes DLF closer to its full-year pre-sales target. Encouraged by initial traction, DLF is evaluating a gradual scale-up in MMR, with Phase 2 of the Mumbai project likely in FY27. The company's medium-term launch pipeline now stands at ₹62,900 crore. Its Goa project is in the final approval stages and is expected to launch in the second half of FY26, while the next phase of The Dahlias is slated for March-April 2026. Cash collections in Q1FY26 were subdued, falling 6% year-on-year due to construction delays amid unfavourable weather conditions. However, DLF forecasts an improvement. Further, higher contribution from lower-margin projects such as One Midtown and Garden City played spoilsport, taking Q1 Ebitda margin to a multi-year low of 13.4%, far below Street estimates. On the business development front, DLF is focusing only on NCR, Tri-City, MMR, and Goa (existing land bank) and sees little scope for near-term acquisitions. This could be another sore point. According to Nomura Global Market Research, the DLF management needs to be more aggressive toward pre-sales growth on existing land banks or execute stronger-than-expected business development, driven by its strong cash position. By contrast, rival Lodha Developers Ltd has guided for 20% pre-sales growth in FY26 (on a low base) and has already achieved 90% of its business development guidance in Q1. So, for now, DLF's long-term growth potential seems to be already priced into its valuation. 'Our current valuation at about 20% premium to net-asset-value prices in an about 8% pre-sales CAGR over the next 13 years, which we believe is adequate (versus FY26 flat growth guidance)," added the Nomura report dated 5 August. DLF's stock has declined 8% so far in 2025, less severe than the 16% fall in the Nifty Realty index. But with limited inventory beyond the premium Dahlias project, timely new launches will be key to sustaining its pre-sales momentum. Total unsold inventory declined sequentially to ₹23,310 crore in Q1FY26. On the commercial side, occupancy remained flat at 94% overall: 98% for non-SEZ properties, 87% for SEZ, and 98% for retail. DLF is targeting exit rentals of ₹6,700 crore in FY26, up from ₹1,326 crore currently. Key contributors in the second half include Downtown Chennai, Downtown Gurugram, Midtown Plaza, and Summit Plaza.
