Latest news with #HUDCO
Mint
5 days ago
- Business
- Mint
Shares to buy or sell: Sachin Gupta of 5paisa recommends HUDCO, BHEL shares today
Stock market today: Indian stock markets began the day on a downturn on Tuesday, reflecting a volatile trading environment and a prudent stance from investors in light of global uncertainties and varied domestic signals. At the start of the trading session, the Sensex fell by 430 points to reach 82,038.20. Similarly, the Nifty 50 decreased by approximately 0.5% to settle at 24,956. Market analysts indicate that, in the short term, the market is expected to stabilize at its current levels. With mutual funds holding significant cash reserves, any downturn will likely attract buyers, while elevated valuations may prompt profit-taking during price increases. A continual upward trend will only occur when key indicators point to a recovery in earnings growth, which is still a while off. Sachin Gupta of 5paisa recommends HUDCO, BHEL shares today. Here's what he says about the overall market. The benchmark indices continued to trade in the green, closing near the psychological 25,000 mark. The Nifty 50 ended the session at 25,001.15, posting a gain of 148 points. Technically, the index formed a bullish candlestick pattern with a higher high and higher low, indicating the continuation of the prevailing uptrend. After finding strong support near the 24,500 level, also coinciding with the 61.8% Fibonacci retracement during Thursday's session, the Nifty 50 witnessed a sharp rebound and extended its upward momentum for the second consecutive day. Notably, strong buying interest has emerged near the 21-day Exponential Moving Average (21-DEMA), which continues to act as a key dynamic support level. This reinforces the positive market bias. However, market volatility remains elevated. Hence, traders are advised to adopt a 'buy on dips' strategy in the index. On the upside, a decisive move above the 25,100 resistance zone could open the doors for further gains toward the 25,300–25,400 levels. On the downside, immediate support is seen around 24,800, followed by a more significant support at 24,500 marks. On shares to buy on Tuesday, Sachin Gupta recommends two stocks on Tuesday — Housing & Urban Development Corporation Ltd (HUDCO), and Bharat Heavy Electricals Ltd (BHEL). HUDCO share price has been forming an Inverted Head & Shoulders pattern, a reversal formation that signals a potential shift from a downtrend to an uptrend. Additionally, the price has sustained above the 200-DEMA, suggesting long-term bullish strength. Recently, a volume breakout was observed, indicating strong buying interest among traders. Therefore, traders are advised to look for buying opportunities in HUDCO share price, targeting an upside of ₹ 255/265 with a stop loss at ₹ 228 on a closing basis. On the daily chart, the BHEL share price has surpassed the resistance zone of 255 and is sustaining above the 50% Fibonacci retracement level. Additionally, a positive crossover between the 50-day and 100-day Simple Moving Averages, along with rising volume activity, signals bullish strength and supports the ongoing momentum. Furthermore, the stock has confirmed a trendline breakout following a period of consolidation, highlighting a bullish setup and renewed buying interest. Therefore, one can consider buying BHEL shares in the ₹ 258–260 range, with a strict stop-loss below ₹ 248, for an upside target of ₹ 268/275 levels. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
23-05-2025
- Business
- Mint
Recommended stocks to buy today: Top stock picks by market experts for 23 May
India's stock market opened in red on Thursday, with the Nifty 50 opening lower at 24,733.95 points and the BSE Sensex at 81,323 due to concerns over the US's fiscal deficit and the 30-year US treasury bond yield rising to 5.09%. Declines in IT, FMCG, and Reliance stocks, along with technical resistance near 25,000 and a weakening rupee amid foreign outflows, added to the pressure, leading to widespread selling and dampened investor sentiment. On to the top stock picks for today, 23 May, as recommended by India's leading market experts. Two stocks recommended for today by MarketSmith India Also read: IndiGo's Q1 turbulence to be temporary as crude oil softens, capacity grows Two stocks to trade: Recommended by Trade Brains Portal Current price: ₹227 Target price: ₹295 in 14-16 months Stop-loss: ₹192 Why it's recommended: HUDCO is the nodal agency for the government's 'Housing for All' initiative and is also actively involved in federal schemes such as the Jal Jeevan Mission and Pradhan Mantri Awas Yojna. The company lends under these schemes and provides consultancy services for the appraisal of projects sanctioned under these. HUDCO recorded its highest ever sanctions and disbursement during FY25, with loan sanctions growing 55.31% to ₹1,27,952 crore from ₹82,387 crore in FY24. Loan disbursements increased 122.59% to ₹40,038 crore in FY25 from ₹17,987 crore in FY24, and interest income increased 33% to ₹10,200 crore in FY25 from ₹7,653 crore in FY24. Furthermore, HUDCO is targeting a ₹1.5 trillion loan book this financial year and ₹3 trillion by 2030. Its net interest margin (NIM) remained stable at 3.22% in FY25 as against 3.18% in FY24. For the next 2 years, the management has guided for NIM of 3.25-3.3%. HUDCO's interest spread improved to 2.06% in FY25 from 1.79% in FY24, resulting in a pre-tax profit of about ₹3,636 crore in FY25. HUDCO maintained a comfortable debt/equity ratio of 5.72x in FY25 as against 4.05x in FY24. Its cost of funds improved by around 35 basis points to 6.75% in FY25 from 7.1% in the prior financial year. HUDCO's asset quality is also enhancing, with its gross non-performing asset (GNPA) decreasing to 1.67% in FY25 from 2.71% in FY24, and its net NPA dropping to 0.25% in FY25 from 0.36% in FY24. Its provision coverage ratio remained at 85.44% in FY25. HUDCO is committed to resolving its NPAs in 18 months, and the management is optimistic that the company will recover ₹400-500 crore from NPA resolutions in FY26. Further, HUDCO's board of directors has approved a final dividend of ₹1.05 per equity share for FY25, with a dividend yield of 1.81%. The final dividend is in addition to the first interim dividend of ₹2.05 per equity share and the second interim dividend of ₹1.05 per equity share already declared and paid for FY25. Risk Factor: HUDCO is significantly exposed to certain state governments and public agencies. Although regulatory relaxations were granted, any failure to reduce exposures within the stipulated timelines or breach of Fiscal Responsibility and Budget Management Act (FRBM Act) conditions may lead to regulatory penalties and higher risk weights, impacting the company's capital adequacy and financial stability. Additionally, the company faces stiff competition from other players such as banks and financial institutions, which have an edge over HUDCO in terms of cheap resource availability from current account and savings account (CASA) deposits. Current price: ₹ 383 Target price: ₹440 in 16-24 months Stop-loss: ₹354 Why it's recommended: Exide Industries Ltd is a leading battery manufacturer offering a wide range of lead-acid and lithium-ion batteries for automotive, industrial, and renewable energy applications. The company supplies batteries for cars, two-wheelers, trucks, inverters, UPS systems, telecom infrastructure, railways, mining, and defense. With its diversified product portfolio, the company has battery capacities ranging from 2.5 Ah to 20,000 Ah. Exide operates in more than 60 countries and has 10 manufacturing plants in Bengaluru and Prantij. In FY25, the company added 14 distributors and reached 13 regions in the automotive segment. In the industrial segment, Exide onboarded 28 accounts, reaching more than 20 regions. For FY25, Exide reported a revenue of ₹16,588 crore, up 3.5% year-on-year (YoY) and growing at a compound annual growth rate (CAGR) of 13.4%. Profit after tax increased 2.2% to ₹1,441 crore in FY25, growing at a CAGR of 9.1% over the previous five years. Exide has low debt with a debt-to-equity ratio of 0.14, and holds ₹14,442 crore in equity. It continues to generate strong positive cash flow from operations, which was ₹1,298 crore in FY25. Further, Exide acquired 100% ownership in Exide Energy Solutions Ltd (EESL) to establish a 12 GWh greenfield project in two phases of 6 GWh capacity each to offer an end-to-end solution from cell to system—'molecule to megawatt"—by investing ₹3,602 crore. The company is also collaborating with SVOLT Tech Solutions, a leading Li-ion cell manufacturer. This synergy will help Exide set up a plant on a turnkey basis for Li-ion cell technology. The company also plans to increase its capacity by 6 GWh through four lines in Phase 1. With these latest developments, Exide is positioned to capitalize on emerging market opportunities in the battery segment. India is one of the largest automobile markets globally. The Indian electrification demand is expected to be 120 GWh by 2030, driven by production-linked incentive schemes for the auto sector, state policies on electric vehicles, and subsidies. Rating agency ICRA expects EV penetration to be 25% for two-wheelers, 40% for three-wheelers, 30% for buses, 15% for passenger vehicles, and 12-16% for light commercial vehicles as a percentage of total sales by 2030. These favourable EV demand prospects are likely to benefit the company. Risk factor: Exide Industries is exposed to intense competition in its lead-acid battery business from organized players like Amara Raja and HBL Engineering, as well as players in the unorganized space. The company is also exposed to stricter pollution control regulations as a majority of its raw materials such as lead, sulfuric acid, and lithium are hazardous. Additionally, Exide is exposed to fluctuations in the prices of raw materials such as antimony and lead, which have spiked in the past six months, hurting the company's margins. Top 3 stocks to buy today, recommended by Ankush Bajaj Current price: ₹5,040 Why it's recommended: After making new highs, the stock witnessed two days of selling pressure. However, in the last two sessions, it has formed strong green candles that have effectively covered the recent dip. On the 45-minute chart, HAL has also given a breakout from a triangle pattern, which indicates a potential target of around ₹5,400+. This breakout, along with price strength, suggests the possibility of a strong rally in the stock. Key metrics Resistance level: ₹5,115-5,135 (short-term target zone) Support level: ₹4,996 (pattern invalidation level) Pattern: Triangle breakout on 45-minute chart RSI: Bullish on lower time frames, confirming the breakout Technical analysis: The stock has broken out of a bullish continuation pattern on the intraday chart, with price action showing strength and follow-through buying. RSI confirmation adds confidence to the bullish setup. Sustaining above ₹5,040 increases the probability of reaching the target zone. Risk factors: Breakdown below ₹4,996 may invalidate the breakout. Broader market weakness or negative sentiment in the defense sector may impact performance. Buy at: ₹5,040 Target price: ₹5,115-5,135 in 4-5 days Stop-loss: ₹4.996 Current price: ₹15,008 Why it's recommended: After a strong breakout at the ₹13,400 level, the stock has continued its upward momentum and closed at a new lifetime high, indicating strong bullish sentiment. Additionally, on the 15-minute chart, the stock has given a reliable breakout at the ₹14,400 level, which projects a target of around ₹15,650, aligning with our first target. The price action remains strong, and the breakout levels are being respected, suggesting further upside in the short term. Key metrics Resistance level: ₹15,650-15,800 (short-term target zone) Support level: ₹14,700 (pattern invalidation level) Pattern: Breakout on 15-minute chart from consolidation RSI: Bullish and supports the trend Technical analysis: The stock has given multiple bullish breakouts—first on the daily chart and then on the lower time frame. Sustaining above ₹15,000 with good volumes indicates strong buying interest. The breakout at ₹14,400 confirms the trend, with RSI showing positive momentum. Risk factors: Breakdown below ₹14,700 may invalidate the breakout. Any sudden reversal in sentiment or broader market weakness can impact the setup. Buy at: ₹15,008 Target price: ₹15,650-15,800 in 4-5 days Stop-loss: ₹14,700 Current price: ₹383 Why it's recommended: The stock is showing strong momentum and recently gave a significant breakout near the ₹340 level after a long consolidation phase. This breakout has been followed by steady upward movement, indicating sustained buying interest. Given the strength and structure of the price action, a good rally is expected in the near term. Key metrics Resistance level: ₹394-399 (short-term target zone) Support level: ₹377 (pattern invalidation level) Pattern: Breakout after long consolidation RSI: Positive, supporting bullish momentum Technical analysis: BEL has broken out of a long consolidation range and is sustaining above key levels with increasing volumes. The recent move shows strength, and the trend remains positive as long as the price stays above ₹377. Risk factors: Breakdown below ₹377 may invalidate the setup. Market volatility or sector-specific weakness could impact the short-term trend. Buy at: ₹383 Target price: ₹394-399 in 4-5 days Stop-loss: ₹377 Two stocks to trade, recommended by NeoTrader's Raja Venkatraman: LTFOODS (Cmp 402.25) LTFOODS: Buy above 405 and dips to 385 stop 375 target 440-455 UNOMINDA (Cmp 1028.50) UNOMINDA: Buy CMP and dips to ₹980, stop ₹960 target ₹1125-1150 Raja Venkatraman is co-founder, NeoTrader. His Sebi-registered research analyst registration no. is INH000016223. MarketSmith India: Trade name: William O'Neil India Pvt. Ltd; Sebi-registered research analyst registration number: INH000015543 Trade Brains Portal is a stock analysis platform. Its trade name is Dailyraven Technologies Pvt. Ltd, and its Sebi-registered research analyst registration number is INH000015729. Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by Sebi and certification from NISM in no way guarantees performance of the intermediary or provide any assurance of returns to investors. 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 making any investment decisions.
Mint
23-05-2025
- Business
- Mint
Best stocks to trade on 23 May, as recommended by Trade Brains Portal
India's stock market opened in red on Thursday, with the Nifty 50 opening lower at 24,733.95 points and the BSE Sensex at 81,323 due to concerns over the US's fiscal deficit and the 30-year US treasury bond yield rising to 5.09%. For today, we have picked two stocks—one each from the housing finance sector and the auto ancillaries sector. We also take a closer look at Thursday's market performance to identify trends that may shape the indices in the days ahead. Stocks to trade today, 23 May Current price: ₹227 Target price: ₹295 in 14-16 months Stop-loss: ₹192 Why it's recommended: HUDCO is the nodal agency for the government's 'Housing for All' initiative and is also actively involved in federal schemes such as the Jal Jeevan Mission and Pradhan Mantri Awas Yojna. The company lends under these schemes and provides consultancy services for the appraisal of projects sanctioned under these. HUDCO recorded its highest ever sanctions and disbursement during FY25, with loan sanctions growing 55.31% to ₹1,27,952 crore from ₹82,387 crore in FY24. Loan disbursements increased 122.59% to ₹40,038 crore in FY25 from ₹17,987 crore in FY24, and interest income increased 33% to ₹10,200 crore in FY25 from ₹7,653 crore in FY24. Furthermore, HUDCO is targeting a ₹1.5 trillion loan book this financial year and ₹3 trillion by 2030. Its net interest margin (NIM) remained stable at 3.22% in FY25 as against 3.18% in FY24. For the next 2 years, the management has guided for NIM of 3.25-3.3%. HUDCO's interest spread improved to 2.06% in FY25 from 1.79% in FY24, resulting in a pre-tax profit of about ₹3,636 crore in FY25. HUDCO maintained a comfortable debt/equity ratio of 5.72x in FY25 as against 4.05x in FY24. Its cost of funds improved by around 35 basis points to 6.75% in FY25 from 7.1% in the prior financial year. HUDCO's asset quality is also enhancing, with its gross non-performing asset (GNPA) decreasing to 1.67% in FY25 from 2.71% in FY24, and its net NPA dropping to 0.25% in FY25 from 0.36% in FY24. Its provision coverage ratio remained at 85.44% in FY25. HUDCO is committed to resolving its NPAs in 18 months, and the management is optimistic that the company will recover ₹400-500 crore from NPA resolutions in FY26. Further, HUDCO's board of directors has approved a final dividend of ₹1.05 per equity share for FY25, with a dividend yield of 1.81%. The final dividend is in addition to the first interim dividend of ₹2.05 per equity share and the second interim dividend of ₹1.05 per equity share already declared and paid for FY25. Risk Factor: HUDCO is significantly exposed to certain state governments and public agencies. Although regulatory relaxations were granted, any failure to reduce exposures within the stipulated timelines or breach of Fiscal Responsibility and Budget Management Act (FRBM Act) conditions may lead to regulatory penalties and higher risk weights, impacting the company's capital adequacy and financial stability. Additionally, the company faces stiff competition from other players such as banks and financial institutions, which have an edge over HUDCO in terms of cheap resource availability from current account and savings account (CASA) deposits. Current price: ₹ 383 Target price: ₹440 in 16-24 months Stop-loss: ₹354 Why it's recommended: Exide Industries Ltd is a leading battery manufacturer offering a wide range of lead-acid and lithium-ion batteries for automotive, industrial, and renewable energy applications. The company supplies batteries for cars, two-wheelers, trucks, inverters, UPS systems, telecom infrastructure, railways, mining, and defense. With its diversified product portfolio, the company has battery capacities ranging from 2.5 Ah to 20,000 Ah. Exide operates in more than 60 countries and has 10 manufacturing plants in Bengaluru and Prantij. In FY25, the company added 14 distributors and reached 13 regions in the automotive segment. In the industrial segment, Exide onboarded 28 accounts, reaching more than 20 regions. For FY25, Exide reported a revenue of ₹16,588 crore, up 3.5% year-on-year (YoY) and growing at a compound annual growth rate (CAGR) of 13.4%. Profit after tax increased 2.2% to ₹1,441 crore in FY25, growing at a CAGR of 9.1% over the previous five years. Exide has low debt with a debt-to-equity ratio of 0.14, and holds ₹14,442 crore in equity. It continues to generate strong positive cash flow from operations, which was ₹1,298 crore in FY25. Further, Exide acquired 100% ownership in Exide Energy Solutions Ltd (EESL) to establish a 12 GWh greenfield project in two phases of 6 GWh capacity each to offer an end-to-end solution from cell to system—'molecule to megawatt"—by investing ₹3,602 crore. The company is also collaborating with SVOLT Tech Solutions, a leading Li-ion cell manufacturer. This synergy will help Exide set up a plant on a turnkey basis for Li-ion cell technology. The company also plans to increase its capacity by 6 GWh through four lines in Phase 1. With these latest developments, Exide is positioned to capitalize on emerging market opportunities in the battery segment. India is one of the largest automobile markets globally. The Indian electrification demand is expected to be 120 GWh by 2030, driven by production-linked incentive schemes for the auto sector, state policies on electric vehicles, and subsidies. Rating agency ICRA expects EV penetration to be 25% for two-wheelers, 40% for three-wheelers, 30% for buses, 15% for passenger vehicles, and 12-16% for light commercial vehicles as a percentage of total sales by 2030. These favourable EV demand prospects are likely to benefit the company. Risk factor: Exide Industries is exposed to intense competition in its lead-acid battery business from organized players like Amara Raja and HBL Engineering, as well as players in the unorganized space. The company is also exposed to stricter pollution control regulations as a majority of its raw materials such as lead, sulfuric acid, and lithium are hazardous. Additionally, Exide is exposed to fluctuations in the prices of raw materials such as antimony and lead, which have spiked in the past six months, hurting the company's margins. Market Recap: 22 May, 2025 The Nifty 50 reached an intraday low at 24,462 points on Thursday, touching the 20-day EMA in the daily time frame. The Sensex's low for the day was 80,489.92, also breaching the 20-day EMA. Nifty 50 closed at 24,609.70, losing 203.75 points or 0.82%, while the Sensex closed at 80,951.99, down 644.64 points or 0.79%. Sectorally, only Nifty Media ended in the green at 1,674, up by 18.35 points or 1.11%, with index constituents Network 18, Tips Music, and ZEE Entertainment gaining up to 4%. Among the losers, Nifty FMCG fell the most and ended at 55,598, losing 815 points or 1.44%, with the major laggards being Colgate-Palmolive (-6.5%), Varun Beverages (-2%), and United Breweries (-1.78%). Nifty IT closed at 37,050, down 490 points or 1.31%, due to concerns over Moody's downgrading the US's credit rating as major Indian tech companies are exposed to the US market. Asian markets were also cautious amid weak global cues on Thursday, with the Hang Seng Index losing 283.47 points or 1.19% to close at 23,544.31 and the Nikkei 225 index also closing in the red at 36,985.87, down 313.11 points or 0.84%. Additionally, the India VIX fear gauge jumped around 3% to reach a high of 18.20 on 22 May, indicating heightened market volatility. Trade Brains Portal is a stock analysis platform. Its trade name is Dailyraven Technologies Pvt. Ltd, and its Sebi-registered research analyst registration number is INH000015729. Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by Sebi and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. 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 making any investment decisions.
Time of India
21-05-2025
- Business
- Time of India
Infra bonds set to raise funds for RRTS, Noida airport connectivity projects
Noida: The formidable job of building connectivity for the upcoming with it, will raise Rs 10,000 crore through to finance key connectivity projects The funds will support a 72km rapid rail line from Ghaziabad to Jewar–an offshoot of the Delhi-Meerut , a rail link between Chola and Rundhi connecting the eastern and western freight corridors and other designed to seamlessly integrate the region with Delhi, Gurgaon, and other adjoining regions. Tired of too many ads? go ad free now An estimated Rs 23,000 crore is needed for the projects. YEIDA plans to foot the remaining Rs 13,000 crore on its own. CEO Arun Vir Singh said YEIDA received a BBB+ rating for its infra bonds. "This gives us the green light to go ahead with our fundraising efforts. The aim is to raise Rs 10,000 crore with a 10-year bond. The entire amount will be used for connectivity projects linked to the airport," he said. The credit rating scale typically runs from 'AAA'—the highest—to 'D', which signals default. A BBB+ rating places YEIDA in the 'moderate safety' zone, which gives confidence to many institutional investors. The better the rating, the lower the interest rate one can attract on bonds. Infrastructure bonds are debt instruments issued by govts or agencies to raise capital specifically for public infrastructure projects. Similar models are already in use by industrial authorities in Hyderabad and Pune. To advance the plan, YEIDA has reached out to 12 govt-empanelled transaction advisors. "We have written to all eligible transaction advisors. Interested firms will present their proposals by the end of this month, and we will select one to guide us through the bond issuance process," Singh added. YEIDA's push for infrastructure funding comes on the back of several financial commitments. UP govt has extended an interest-free loan of Rs 3,000 crore for land acquisition, and a separate funding arrangement has been signed with HUDCO. However, officials emphasise that much more capital is needed, especially with the international airport driving a surge in multi-modal transport demands. These include new routes to link the area with major national railway lines, high-speed rail, metro networks, and personal rapid transit systems. YEIDA already has over Rs 1,000 crore in reserve and has set up a dedicated debt service reserve account (DSRA), where six months' worth of interest payments are kept in advance to ensure timely servicing of debt.
Time of India
10-05-2025
- Business
- Time of India
PRSI Dehradun organises session on meditation and positivity
NEW DELHI: The Public Relations Society of India (PRSI), Dehradun Chapter, organised a session on " Positive Thinking and Mindfulness : The Key to Effective Public Relations" at the HUDCO office on Rajpur Road. The event was held in collaboration with HUDCO and Art of Living . The keynote speaker, Ms. Shweta Golani, a senior teacher from Art of Living and State Director of the Government Executive Program (GEP) for Uttarakhand, emphasised the importance of meditation and mental peace . Operation Sindoor 'Common sense prevailed': Trump on India-Pak ceasefire on Truth Social 'Pakistan initiated call; both nations agreed to stop military action after direct talks', says India Ceasefire took effect at 5pm; top India, Pak military officials to talk again on May 12 She explained how positivity can enhance public relations through awareness and a balanced mind. She also shared insights into the activities of Art of Living. The session was conducted by Shri Sanjay Bhargava, Regional Head of HUDCO, who is also an Art of Living Trainer. He expressed his gratitude to PRSI for the meaningful initiative. PRSI Dehradun Chapter President, Shri Ravi Bijarnia, stated that positive thinking and alertness are essential for making public relations more effective and meaningful. "We should accept every situation happily. If something is said with a smile, it is more effective," he said. Representatives from various fields attended the session and found the experience extremely beneficial. PRSI Secretary Anil Sati also expressed his gratitude for the event.
