Latest news with #DalalStreet
Mint
18 hours ago
- Business
- Mint
Suzlon vs Inox Wind: Which wind energy stock should you buy after March quarter results?
Suzlon Energy and Inox Wind, leading players in wind energy solutions, have garnered significant interest from Dalal Street investors in recent years, amid India's strong push to expand renewable energy capacity by the end of this decade. Both companies are engaged in the manufacturing of Wind Turbine Generators (WTGs) and providing comprehensive wind energy services. Following their March quarter results, these companies have once again caught investor attention in recent sessions. Analysts have largely retained their optimistic outlook on both companies and have raised target prices after the Q4 results met expectations. They believe the two players are in a strong position amid the growth potential of India's wind energy market, which is expected to rise to 100 GW by 2030 from the current 50 GW. Although Inox Wind shares reacted negatively in today's session to the March quarter numbers, analysts have retained their positive outlook on the stock, citing strong execution of wind projects in FY26 and FY27, which they believe could result in a significant jump in revenue and net profit. Domestic brokerage firm Nuvama Institutional Equities reiterated its 'Buy' call and raised the price target to ₹ 236 from ₹ 223, citing Inox Wind's strong position as one of only two wind EPC suppliers in India, benefiting from demand in RTC, FDRE, and C&I segments. ICICI Securities also reiterated its 'Buy' rating and slightly raised its price target to ₹ 230 from ₹ 228, valuing the company at 30x FY27 estimated earnings. Systematix Institutional Equities maintained a 'Buy' rating on Inox Wind stock, with a price target of ₹ 231. For Suzlon Energy stock, Morgan Stanley maintained its 'Overweight' rating with a target price of ₹ 77 apiece, while Motilal Oswal has also retained its 'Buy' rating, with a ₹ 83 apiece target price. For the quarter ended March, Suzlon Energy reported a net profit of ₹ 1,181 crore, compared to ₹ 254 crore in the same period last fiscal year, marking a 365% year-on-year growth. Revenue from operations rose 73% YoY to ₹ 3,774 crore during the quarter. For FY25, net profit jumped to ₹ 2,072 crore from ₹ 660 crore in FY24, driven by a significant rise in revenue to ₹ 10,851 crore. In comparison, the company had reported revenue of ₹ 6,497 crore in FY24. Suzlon's order book reached a record high of 5.6 GW by the end of FY25, with its S144 platform alone surpassing 5 GW—cementing its position as the dominant product in the Indian wind energy market. For the first time in its history, the company's management has issued guidance, projecting 60% growth across all key parameters in FY26. This forward-looking statement has been well received by the Street, reflecting the company's confidence and preparedness for future growth. Inox Wind posted a consolidated net profit of ₹ 190.34 crore in the March quarter, a more than fivefold increase from ₹ 38.74 crore in Q4 FY24, driven by a strong surge in revenues. The company's revenue from operations more than doubled to ₹ 1,310.65 crore in Q4 FY25, up from ₹ 569 crore in the same quarter last year. It reported an order book of 3.2 GW as of March 2025, up from 2.6 GW in March 2024. In Q4 FY25, execution stood at 236 MW, compared to 129 MW in Q4 FY24 and 140 MW in Q3 FY25. For FY25, the management had guided for 800 MW in annual execution, and the company achieved 705 MW. Looking ahead, management has guided for 1,200 MW and 2,000 MW execution in FY26 and FY27, respectively. JM Financial expects execution to accelerate to 1,150 MW in FY26 and 1,750 MW in FY27. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
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Business Standard
4 days ago
- Business
- Business Standard
Mazagon Dock sinks 8% on posting decline in Q4 net profit YoY; Details
Mazagon Dock Shipbuilders shares slipped 7.9 per cent in trade on Friday, May 30, 2025, logging an intraday low at ₹3,450 per share on BSE. Dalal Street gave a thumbs down to the company after it posted a 51 per cent decline in net profit year-on-year (Y-o-Y). At 9:53 AM, Mazagon Dock share price was down 4.53 per cent at ₹3,580 per share on the BSE. In comparison, the BSE Sensex was down 0.16 per cent at 81,499.42. The market capitalisation of the company stood at ₹1,44,531.05 crore. The 52-week high of the stock was at ₹3,778 per share and the 52-week low of the stock was at ₹1,200 per share. In the past one year, Mazagon Dock shares have given multi-bagger returns of 127 per cent as compared to Sensex's rise of 10 per cent. Mazagon Dock Q4 results 2025 The state-owned shipping company reported its Q4 results on Thursday, after market hours which showed that its consolidated net profit in Q4FY25 declined 51 per cent to ₹325.3 crore as against ₹662.97 crore a year ago. Its revenue from operations stood at ₹3,174.41 crore as compared to ₹3103.65 crore a year ago, up 2.3 per cent. Mazagon Dock dividend 2025 The company recommended a final dividend of ₹2.71 per equity share of ₹5 each fully paid up for the financial year 2024-25. About Mazagon Dock Shipbuilders The history of Mazagon Dock dates back to 1774 when a small dry dock was constructed in Mazagon. Over the years, the company has earned a reputation for quality work and established a tradition of skilled and resourceful service to the shipping world in general and the Indian Navy and Coast Guard. The state-owned company is principally engaged in building and repairing ships, submarines, various types of vessels, and related engineering products for its customers. According to its official website, the company has built a total of 805 vessels since 1960, including 30 warships, ranging from advanced destroyers to missile boats as well as 8 submarines. For both national and global clientele. It has also provided cargo ships, passenger ships, supply vessels, multipurpose support vessels, water tankers, tugs, dredgers, fishing trawlers, barges, and border outposts. Jackets, wellhead platform main decks, process platforms, jack-up rigs, and other products have also been manufactured and delivered by the company.
Mint
5 days ago
- Business
- Mint
From ₹3740 to ₹16200: This mid-cap defence stock fires up 333% in just 2 years. Do you hold it?
Multibagger mid-cap defence stock in focus: Defence stocks are buzzing on the Indian stock market, witnessing a continued surge in demand from Dalal Street investors, helping the sector regain much of its lost momentum. These stocks have caught investors' attention this month amid rising geopolitical tensions, following a period of subdued performance due to valuation concerns. Nevertheless, some defence stocks—regardless of market volatility—have managed to stay on investors' radar, recording a spectacular surge in value, and one such stock in this regard is Solar Industries. The company, which manufactures and supplies industrial explosives and explosive accessories, has seen its share price soar massively in the last two years, rising from ₹ 3,740 to ₹ 16,200, resulting in a phenomenal gain of 333%. Impressively, the stock closed 17 out of the last 24 months in the green, with March being the biggest monthly gain of 29%, followed by the current month with a rally of 23% so far. In today's session, the stock touched another record high of ₹ 16,205 apiece. The sharp rally in this mid-cap defence stock has boosted its market capitalization by ₹ 1,12,639 crore, taking it to ₹ 1,46,448 crore. While many retail investors believe that low-priced stocks offer the quickest path to wealth creation, the steady ascent of Solar Industries underscores that strong fundamentals and a solid position in the industry can drive significant stock price growth—regardless of the stock's trading value. Solar Industries reported its highest-ever quarterly and annual performance in FY25, with revenue reaching ₹ 2,167 crore for the quarter and ₹ 7,540 crore for the year. The company also delivered record quarterly EBITDA and PAT of ₹ 546 crore and ₹ 371 crore, marking a year-on-year growth of 47% and 42%, respectively. On an annual basis, EBITDA stood at ₹ 2,031 crore and PAT at ₹ 1,288 crore, reflecting growth of 44% and 47%. The company achieved an EBITDA margin of approximately 27%, exceeding its annual guidance. It has reinforced its position as a major defence player globally, with its order book crossing ₹ 15,000 crore, including a ₹ 6,084 crore order for Pinaka rockets and ₹ 8,500 crore in international contracts, as per the company's Q4 earnings' filing. Looking ahead to FY26, the company is targeting 15–20% growth in its explosives segment and aims to surpass ₹ 3,000 crore in defence revenue, contributing to a projected total revenue of ₹ 10,000 crore, with defence expected to account for over 30%, up from 18%. As part of the Atmanirbhar Bharat initiative, Solar signed a ₹ 12,700 crore MoU with the Maharashtra government to invest in defence and aerospace over the next decade. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
Economic Times
7 days ago
- Business
- Economic Times
ET Market Watch: Sensex slumps 625 points; what triggered the drop?
Transcript Hi, you're listening to ET Markets Radio, I am your host, Neha V Mahajan. Welcome to a fresh episode of ET Market Watch -- where we bring you the latest news from the world of stock markets every single day. Let's get to it:Markets on a Rollercoaster Today! What Went Wrong? Sensex swung over 1,000 points before settling 624 pts lower. Here's your quick 5-point market crash decode1. Rally Hangover? Time to Book Profits!After a 4% rally in 2 weeks, markets were overheated. Investors hit the sell button before it gets too hot to handle.2. Q4 EarningsNifty50 earnings grew under 6%. Not bad, but not enough to justify sky-high valuations at 21–22x. Reality check, activated!3. U.S. Yields Spike, FIIs Take Flight10-year U.S. Treasury yield jumped to 4.465%. That's money magnet for global funds—India loses the spotlight.4. Global Mood = NervousWall Street wobble + Asia in the red = no support system for Dalal Street. Trade tensions aren't helping either.5. RBI Dividend – Big, But Not Big Enough₹2.69 lakh cr payout is record-breaking—but fell short of the ₹3 lakh cr fantasy. Markets down 624 pts, Nifty off 175. Midcaps & smallcaps showed some fight—but today was all about volatility & valuation fears.
Mint
7 days ago
- Business
- Mint
HDFC Bank, Axis to Kotak Bank: Why did ICICI Sec downgrade these top private lenders? Explained
Bank stocks: Dalal Street darlings HDFC Bank, Axis Bank, and Kotak Mahindra Bank have just been downgraded by leading domestic brokerage ICICI Securities from 'Buy' to 'Add' as it sees limited upside amid weaker near-term performance expectations, especially around earnings growth. According to the brokerage, these private banks will see near-term weakness in net interest income and profit after tax along with weak credit growth, thus pressuring the lenders.
