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Economic Times
22-05-2025
- Business
- Economic Times
Large & midcaps give a photo finish on 1-year returns, smallcaps trail by margin
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Largecap leaders Midcap masters Tired of too many ads? Remove Ads Small wonders Trends Valuations: Largecaps Vs Midcaps Vs Smallcaps It is a photo finish for large and midcap stocks in terms of returns over a 1-year period. The index returns of Nifty 100 and Nifty Midcap 100 remain neck-to-neck, though there is a slight edge enjoyed by the latter. In contrast, the Nifty Smallcap trails by a significant the 50-stock Nifty has a superior 12-month return of 10%, a comparison of top 100 stocks represented by Nifty 100, Nifty Midcap 100 and Nifty Smallcap 100 is a more like-to-like returns of Nifty 100 index stood at 7.4% as on May 20, 2025 and in this 53 stocks have delivered positive returns up to 64% while 44 stocks are in the red, falling by up to 57%. Meanwhile, the returns of Nifty Midcap 100 over a 12 month period stood at 8.3% with 48 stocks moving in the positive territory and 47 stocks were found to be trading in the for the Nifty Smallcap 100, the index has risen by 2.8% in the past one year with positive returns by 52 stocks while 42 stocks slipped into the red. Six stocks have not completed one year of data does not include changes of the past trading session and today's session as the latest data will be updated after market closing the Nifty 100 index, there are 34 stocks which have given double digit returns over a 1-year period and in this 20 stocks have given returns of 20% or more viz. Divi's Laboratories, Bajaj Holdings & Investment, Bharat Electronics (BEL), Shriram Finance, Bajaj Finance, Bharti Airtel, 34.22, The Indian Hotels Company (IHCL), United Spirits, HDFC Life Insurance Company, HDFC Bank, ICICI Bank, Bajaj Finserv, Cholamandalam Investment and Finance Company, TVS Motor Company, Interglobe Aviation (Indigo), Kotak Mahindra Bank, HCL Technologies, Mahindra & Mahindra, SBI Life Insurance Company and Tech the biggest laggards were Punjab National Bank (PNB), Varun Beverages, Indian Railway Finance Corporation (IRFC), Tata Motors, JIO Financial Services, REC, ABB India, IndusInd Bank, Adani Green Energy and Siemens which have fallen between 20% and 57%.Meanwhile, Swiggy, Bajaj Housing Finance and Hyundai Motor India have not completed 1 year of listing. Swiggy, which was listed on November 13, 2024 is trading 20% below its issue price of Rs 390. Meanwhile, Bajaj Housing Finance, which was listed on September 16, 2024 is trading 77% higher over the listing price of Rs 70. Hyundai Motor India got listed on October 22, 2024 and its shares are 2.5% lower from the upper price bank of Rs 1, the index level, the Nifty 100 index has given 7.8% returns in the past 12 the Midcap 100 index, 33 stocks have given double-digit returns while three counters have turned multibaggers viz. BSE, One 97 Communications (Paytm) and Mazagon Dock Shipbuilders yielding 164%, 147% and 132%, stocks in the top 20 list include Dixon Technologies (India), Bharti Hexacom, Coforge, Persistent Systems, Solar Industries India, Bharat Dynamics, Jubilant FoodWorks, Suzlon Energy, Rail Vikas Nigam (RVNL), Glenmark Pharmaceuticals, Max Healthcare Institute, Max Financial Services, Page Industries, Kalyan Jewellers India, SRF, UPL and Motilal Oswal Financial Services (MOFSL) which have delivered between 85% and 27% the biggest laggards are Steel Authority Of India (SAIL), Adani Total Gas, IRB Infrastructure Developers, Indian Railway Catering And Tourism Corporation (IRCTC), Tata Technologies, Hindustan Zinc, Supreme Industries, Container Corporation Of India, Astral and Vodafone Idea which have declined between 28% and 51%.Vishal Mega Mart, NTPC Green Energy, Premier Energies, OLA Electric Mobility and Waaree Energies have not completed one year of Energies has had a stellar run since its listing and has turned multibagger with 140% growth over the issue price of Rs 450. The next top performer is Waaree with 101% rise over the issue price of Rs 1,503. Vishal has delivered 57% returns over the issue price of Rs 78 while Ola Electric has declined 33% from its issue price of Rs have remained wary of smallcaps amid valuations concerns, preferring large and midcaps while remaining selective on this Electroplast (275%), Garden Reach Shipbuilders & Engineers (GRSE, 112%) and Godfrey Phillips India (107%) are only like Zen Technologies, Firstsource Solutions, Kaynes Technology India, Neuland Laboratories, Reliance Power, Aster DM Healthcare, Amber Enterprises India, Multi Commodity Exchange (MCX), Chambal Fertilisers and Chemicals, Radico Khaitan, Aegis Logistics, PCBL Chemical, Shyam Metalics And Energy, KFin Technologies, PNB Housing Finance, Nuvama Wealth Management and Piramal Pharma which have given between 97% and 38% biggest laggards include PVR Inox, Sonata Software, Trident, Cyient, Swan Energy, Titagarh Rail Systems, Ircon International, Birlasoft, Tejas Networks and Hindustan Copper which have seen their share price erode by 27%-42%.Among the stocks that are trading below the issue price are Afcons Infrastructure, Brainbees Solutions (Firstcry) and International Gemmological Institute (India). Meanwhile, Go Digit General Insurance (21%), Inventurus Knowledge Solutions (19%) and Sagility India (46%) are trading above the upper price Read: FII return sees Rs 46,000 crore buying spree, likely prefer largecaps vs broader market stocks. Here's why Markets have displayed resilience after the pause of Trump tariffs on April 9, 2025 and led a comeback of the Foreign Institutional Investors (FIIs) which has helped market Investments' VK Vijayakumar explains how largecap superiority has dominated the institutional mind off-late. He said that there is a big shift in market preference in favour of largecaps away from overvalued segments of mid and smallcaps is significant. FIIs are mainly buying largecaps and this trend can continue, he Sharma, CEO and Fund Manager at Whitespace Alpha said that smallcaps have remained in preference for retail investors and domestic mutual fund story at this point, with FIIs staying cautious due to elevated valuations and limited liquidity Financial in a note said that large, mid and small cap indices are all trading one standard or more above the mean, which implies that absolute valuations are not cheap. "Looking at FY26E absolute P/E, one might interpret that relatively midcaps are the most expensive (Nifty Midcap 100 at 29.3x), followed by small caps (Nifty Smallcap at 25.2x), and large caps being the cheapest (Nifty50 at 20.6x)," a brokerage note the note also sees midcaps to be the cheapest (Nifty Midcap 100 at 1.3x) in terms of FY26E PEG followed by small caps (Nifty Smallcap 100x at 1.7x) and the largecaps being the most expensive (Nifty50 at 1.9x).(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Business Standard
30-04-2025
- Business
- Business Standard
Bajaj Finance drops on lowering FY26 guidance; Q4 PAT jumps 17% YoY
Bajaj Finance slumped 4.99% to Rs 8,635.70, despite posting strong Q4 FY25 result, as the company revised its FY26 guidance. The company now expects asset under management (AUM) growth of 24-25%, down from its earlier estimate of 25-27%. The NBFC also sees 40-50 basis points improvement in cost to income, lower fee income growth of 13-15% and credit cost in the range of 1.85-1.95%, leading to RoA projection of 4.4-4.6% and RoE estimate of 19-20%. Bajaj Finance reported 17.12% jump in consolidated net profit to Rs 4,479.57 crore on 23.68% rise in total income to Rs 18,468.74 crore in Q4 FY25 over Q4 FY24. The consolidated results of Bajaj Finance include the results of its wholly owned subsidiaries, Bajaj Housing Finance (BHFL) and Bajaj Financial Securities (BFinsec), and its associate companies, Snapwork Technologies and Pennant Technologies. Operating expenses rose 19.62% to Rs 3,950 crore in Q4 FY25 as compared to Rs 3,302 crore posted in the corresponding quarter last year. Net interest income jumped 22.38% to Rs 9,807 crore for Q4 FY25 from Rs 8,013 crore reported in Q4 FY24. Operating expenses to net total income for Q4 FY25 were 33.1%, as against 34% in Q4 FY24. Loan losses and provisions during the quarter amounted to Rs 2,329 crore (up 77.78% YoY). Profit before tax in Q4 FY25 stood at Rs 5,647.38 crore, up 10.62% from Rs 5,105.08 crore posted in Q4 FY24. The number of new loans booked during the quarter grew by 36% to 10.70 million as against 7.87 million in Q4 FY24. Customer franchise stood at 101.82 million as of 31 March 2025, as compared to 83.64 million as of 31 March 2024, up 22% YoY. Customer franchise grew by 4.70 million in Q4 FY25. The NBFCs consolidated deposits book jumped 19% YoY and stood at Rs 71,403 crore as of 31 March 2025. Assets under management (AUM) grew by 26% to Rs 416,661 crore as of 31 March 2025 from Rs 3,30,615 crore as of 31 March 2024. AUM grew by 18,618 crore in Q4 FY25. On the asset quality front, gross NPA and net NPA stood at 0.96% and 0.44%, respectively, as of 31 March 2025, compared to 0.85% and 0.37% as of 31 March 2024. The company maintained a provisioning coverage ratio of 54% on stage 3 assets as of 31 March 2025. The NBFC's annualized return on average assets (ROA) stood at 4.6% in Q4 FY25 as compared with 4.8% reported in Q4 FY24. Return on average equity (ROE) stood at 19.1% in the fourth quarter of FY25 as compared with 20.5% posted in Q4 FY24. The capital adequacy ratio (including Tier-II capital) as of 31 March 2025 was 21.93%. The Tier-I capital was 21.09%. Meanwhile, the companys board has declared a special interim dividend of Rs 12 per share for the financial year ended 31 March 2025. The dividend will be credited or dispatched on or around 26 May 2025. The record date for determining eligible shareholders has been set as 9 May 2025. Further, the companys board has recommended a final dividend of Rs 44 per share for the financial year ended 31 March 2025. If approved by shareholders at the upcoming Annual General Meeting, the dividend will be credited or dispatched on or around 28 July 2025. The record date for determining eligible shareholders has been set as 30 May 2025. Furthermore, the companys board has proposed splitting each equity share of face value Rs 2 into two shares of face value Rs 1 each (fully paid-up). Additionally, the company has proposed issuing bonus shares in a 4:1 ratio, meaning shareholders will receive four bonus shares of Rs 1 each for every one share they currently hold. Bajaj Finance is one of Indias leading and most diversified financial services companies. The company is mainly engaged in the business of lending. BFL has a diversified lending portfolio across retail, SME, and commercial customers with a significant presence.
Business Standard
30-04-2025
- Business
- Business Standard
Bajaj Finance Q4 PAT rises 17% YoY to Rs 4,480 cr; recommends final dividend of Rs 44/sh
Bajaj Finance reported 17.12% jump in consolidated net profit to Rs 4,479.57 crore on 23.68% rise in total income to Rs 18,468.74 crore in Q4 FY25 over Q4 FY24. The consolidated results of Bajaj Finance include the results of its wholly owned subsidiaries, Bajaj Housing Finance (BHFL) and Bajaj Financial Securities (BFinsec), and its associate companies, Snapwork Technologies and Pennant Technologies. Operating expenses rose 19.62% to Rs 3,950 crore in Q4 FY25 as compared to Rs 3,302 crore posted in the corresponding quarter last year. Net interest income jumped 22.38% to Rs 9,807 crore for Q4 FY25 from Rs 8,013 crore reported in Q4 FY24. Operating expenses to net total income for Q4 FY25 were 33.1%, as against 34% in Q4 FY24. Loan losses and provisions during the quarter amounted to Rs 2,329 crore (up 77.78% YoY). Profit before tax in Q4 FY25 stood at Rs 5,647.38 crore, up 10.62% from Rs 5,105.08 crore posted in Q4 FY24. The number of new loans booked during the quarter grew by 36% to 10.70 million as against 7.87 million in Q4 FY24. Customer franchise stood at 101.82 million as of 31 March 2025, as compared to 83.64 million as of 31 March 2024, up 22% YoY. Customer franchise grew by 4.70 million in Q4 FY25. The NBFCs consolidated deposits book jumped 19% YoY and stood at Rs 71,403 crore as of 31 March 2025. Assets under management (AUM) grew by 26% to Rs 416,661 crore as of 31 March 2025 from Rs 3,30,615 crore as of 31 March 2024. AUM grew by 18,618 crore in Q4 FY25. On the asset quality front, gross NPA and net NPA stood at 0.96% and 0.44%, respectively, as of 31 March 2025, compared to 0.85% and 0.37% as of 31 March 2024. The company maintained a provisioning coverage ratio of 54% on stage 3 assets as of 31 March 2025. The NBFC's annualized return on average assets (ROA) stood at 4.6% in Q4 FY25 as compared with 4.8% reported in Q4 FY24. Return on average equity (ROE) stood at 19.1% in the fourth quarter of FY25 as compared with 20.5% posted in Q4 FY24. The capital adequacy ratio (including Tier-II capital) as of 31 March 2025 was 21.93%. The Tier-I capital was 21.09%. Meanwhile, the companys board has declared a special interim dividend of Rs 12 per share for the financial year ended 31 March 2025. The dividend will be credited or dispatched on or around 26 May 2025. The record date for determining eligible shareholders has been set as 9 May 2025. Further, the companys board has recommended a final dividend of Rs 44 per share for the financial year ended 31 March 2025. If approved by shareholders at the upcoming Annual General Meeting, the dividend will be credited or dispatched on or around 28 July 2025. The record date for determining eligible shareholders has been set as 30 May 2025. Furthermore, the companys board has proposed splitting each equity share of face value Rs 2 into two shares of face value Rs 1 each (fully paid-up). Additionally, the company has proposed issuing bonus shares in a 4:1 ratio, meaning shareholders will receive four bonus shares of Rs 1 each for every one share they currently hold. Bajaj Finance is one of Indias leading and most diversified financial services companies. The company is mainly engaged in the business of lending. BFL has a diversified lending portfolio across retail, SME, and commercial customers with a significant presence. The counter tumbled 5.29% to Rs 8,608.05 on the BSE.
Time of India
30-04-2025
- Business
- Time of India
Bajaj Finance shares in focus after Q4 profit rises 19% to Rs 4,546 crore; board approves stock split, bonus issue
Bajaj Finance shares will be in focus on Wednesday after the company reported a 19% year-on-year (YoY) rise in net profit to Rs 4,546 crore for the March 2025 quarter. The company also announced a 1:2 stock split and a 4:1 bonus issue, along with a special dividend of Rs 12 and a final dividend of Rs 44 per share. Under the bonus issue, shareholders will receive four additional shares for every one share held on the record date. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play this game for 3 minutes, if you own a mouse Undo Net interest income (NII) rose 22% YoY to Rs 9,807 crore, compared to Rs 8,013 crore in the same quarter last year. The strong profit growth was driven by healthy loan growth, improved margins, and stable asset quality. The company's consolidated assets under management (AUM) stood at Rs 4.16 lakh crore as of March 2025, up 26% from Rs 3.3 lakh crore a year earlier. New loans booked surged 36% YoY to 10.7 million during the quarter, compared with 7.87 million in Q4 FY24. Also Read: Ashish Kacholia adds 8 new stocks, hikes stakes in 4 firms in Q4 amid market correction Live Events Total income for the quarter grew 23% YoY to Rs 11,917 crore. Loan losses and provisions were higher at Rs 2,329 crore, up from Rs 1,310 crore a year ago. The customer franchise crossed a major milestone, reaching 10 crore customers as of March-end. Bajaj Finance also maintained stable asset quality with gross non-performing assets (GNPA) at 0.96% and net NPA at 0.44%. Also Read: 7 mainboard IPOs since 2021 that crashed up to 96% For the full year FY25, consolidated net profit rose 16% to Rs 16,779 crore from Rs 14,451 crore last year. Pre-provisioning operating profit (PPOP) stood at Rs 30,028 crore, a growth of 24% YoY. Coming to subsidiaries, Bajaj Housing Finance continued its strong growth momentum during the March quarter. Its assets under management (AUM) grew by 26% year-on-year to Rs 1.14 lakh crore as of March 31, 2025. The company reported a net interest income (NII) of Rs 823 crore in Q4FY25, up 31%. The broking subsidiary BFinsec's margin trade financing (MTF) book grew 18% YoY to Rs 4,505 crore as of March 2025. Net interest income rose sharply by 79% YoY to Rs 68 crore. Also Read: Paras Defence, Bharat Dynamics among 4 defence stocks where FIIs raised their stake in Q4 Bajaj Finance remains optimistic about future growth, citing India's improving credit environment and strong consumer demand across segments. However, the company remains watchful of external risks including global market volatility and interest rate trends. Bajaj Finance Shares Price Target According to Trendlyne, the average target price for Bajaj Finance is Rs 9,046, indicating a 1% downside from current levels. The stock has a 'Buy' rating based on consensus from 32 analysts. Bajaj Finance Shares Price Performance In the previous session, Bajaj Finance shares closed 0.03% lower at Rs 9,089.3. The stock has surged 31% year-to-date and 33% over the last one year. The company's market capitalisation stands at Rs 5,64,836 crore.
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Business Standard
28-04-2025
- Business
- Business Standard
PNB Housing Q4 results: Profit rises 25% to Rs 5.5 bn on home loan demand
India's PNB Housing Finance reported a 25 per cent rise in fourth-quarter profit on Monday, helped by strong demand for home loans. The company's consolidated net profit rose to Rs 5.5 billion ($64.7 million) for the quarter ended March 31 from Rs 4.39 billion a year earlier. Total revenue increased 12 per cent to Rs 20.22 billion. India's housing market has seen resilient demand in recent quarters, especially for premium residences. Demand for affordable homes is also picking up, analysts said, aided by the government's push for low-cost housing. The non-banking financial company has expanded to affordable housing in recent quarters as the segment commands higher interest rates due to lower competition from big banks. Its total loan disbursements jumped 23 per cent. Disbursements in the affordable housing segment doubled year-on-year to Rs 12.91 billion, while that for the prime segment rose 7 per cent to Rs 41.41 billion. Net interest income, the difference between interest earned and paid, rose 16.2 per cent to Rs 7.34 billion. Meanwhile, its asset quality improved, with gross bad loans as a percentage of total loans falling to 1.08 per cent at the end of March from 1.50 per cent last year. Last week, bigger rival Bajaj Housing Finance also posted a rise in quarterly profit on strong demand. PNB Housing's shares ended 1.5 per cent higher ahead of the results.
