Latest news with #MehtaEquities
Mint
3 days ago
- Business
- Mint
Nisus Finance Services share price slumps 10% post Q4 results. Should you buy, sell or hold?
Nisus Finance Services share price slumped 10% on Friday's session after the company announced its Q4 result. On Thursday, the firm reported an 28% year-on-year fall in its consolidated net profit (attributable to owners of the company) for the fiscal's fourth quarter ended March (Q4FY25) to ₹ 13.38 crore. The company had reported a profit of ₹ 18.76 crore in the year-ago period. Prashanth Tapse, Research Analyst, Senior Vice President of Research at Mehta Equities, said that post H2FY25 and FY25 results reported yesterday after market hours', today in the opening session stock reacted negatively based on high hopes while company reported earnings in line with their expectations. "We see FY26 would be the real financial year investors should watch out for high growth which would come from full utilisation of IPO funds,' said Prashanth Tapse. Nisus Finance Services consolidated total income stood at ₹ 33 crores during the quarter ended March (Q4FY25) from ₹ 30. 95 crore in Q4FY24, a year-on-year rise of 6.42%. For the complete fiscal year, the company recorded a consolidated net profit of ₹ 32.58 crore, representing a 35.5%% increase from ₹ 24.05 crore in the previous year. The total income jumped 56.37% to ₹ 67.30 crore in FY25 from ₹ 43.04 crore in FY24. FY25 was a year of significant strategic progression and platform development for Nisus Finance, as they pursued their goal of establishing themselves as a regionally diversified asset manager with a strong focus on real estate and urban infrastructure, believes Amit Goenka, Chairman & Managing Director of Nisus Finance Services Co Limited. 'Our expansion into the GCC, highlighted by the establishment of a presence in the DIFC and acquisitions in promising residential markets, demonstrates our commitment to building cross-border scale and secure long-term investment positions,' said Goenka. Prashanth Tapse, Research Analyst, Senior Vice President of Research at Mehta Equities said that post IPO in Dec 2024 Nisus Finance reported a healthy 35.5% rise in its net profit to ₹ 32.58 crore for the financial year ended March 2025 and company's total income surged 56.37% to ₹ 67.30 crore during FY25, whereas (EBITDA) rose 22.1% to ₹ 44.48 crore. According to Tapse, overall growth is driven by mix aligns with business strategic model: advisory revenues capitalize on high-value transactions, while fund management generates recurring income, which scaled AUM growth. Assets under management (AUM) also grew 55% to around ₹ 1,572 crore as of March 31, 2025. The increase was attributed to a robust deal pipeline and disciplined investment strategy across India and the Gulf Cooperation Council (GCC) region. The company has effectively leveraged its IPO to expand, and its dual focus on advisory and asset management services is producing strong returns. IPO significantly strengthened brand and capital base, boosting liquidity and providing ample capital for growth in FY 2026. On IPO fund usage disclosures, Prashanth Tapse explained that the planned expansions into IFSC-GIFT City (India), DIFC-Dubai (UAE), and FSC-Mauritius are critical growth levers and which could deliver results in coming 6 months. 'We see a balanced and scalable business model and expect fund management income (annuity-type) to increase in share in FY2026,' added Tapse. Nisus has guided target of ₹ 4,000 crore AUM from ₹ 1,572 crore which translates to ~150% growth with blended Revenue-to-AUM Yield ~3% – 3.5%. With a proven integrated platform, strong institutional partnerships, and a cross-border footprint, Nisus is well-positioned for outsized value creation in FY26 and beyond. Prashanth Tapse said that considering the unique business model, investors should look beyond quarter-to-quarter earnings and treat Nisus as a long-term wealth creation story, driven by a unique integrated platform and high growth business segments. 'Hence recommend long term investors to accumulate given scalable business model, recurring income visibility, and high-growth AUM strategy while short term investors can wait and watch for a good discounted price opportunity due to post result profit booking and market volatility. Technically ₹ 260-275 can be best range for Accumulation for long term investors as well as short term traders,' said Tapse. On Friday, Nisus Finance Services share price ended 10% lower at ₹ 326.90 apiece on the BSE. 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
3 days ago
- Business
- Mint
Closing Bell! Eternal to IndusInd Bank - Prashanth Tapse suggests 3 stocks to buy in the short term
Stock market today: Indian benchmark indices dipped on Friday, as declines in information technology stocks, influenced by renewed uncertainty regarding US tariffs, overshadowed the optimism ahead of domestic growth data set to be released later in the day. The Nifty 50 fell by 0.34% to 24,743.45 at 15:02 IST, while the Sensex decreased by 0.27% to 81,391.38. IT firms, which obtain a significant portion of their revenue from the United States, declined by 1% after an appeals court temporarily reinstated the most extensive tariffs imposed by President Donald Trump. On the technical front, Prashanth Tapse of Mehta Equities believes that if Nifty 50 moves above 25,000 with good momentum, we could witness gains in the upcoming trading sessions. Tapse has recommended buying the below three stocks in the short term. Nifty 50 continues to look positive after closing above the 24,800 level. The index has strong support at 24,700, and as long as this holds, the uptrend is likely to continue. On the upside, 24,900 and 25,000 are important resistance levels. If Nifty 50 moves above 25,000 with good momentum, we may see further gains in the coming sessions. Resistance: 24,900 – 25,000 Bank Nifty is moving sideways but shows slight bullishness. It has a solid support level near 55,000. On the higher side, 55,550 and 55,875 are key resistance levels. A close above 55,875 could start a fresh upward move, but until then, the index may stay in a range with buying opportunities on dips. Resistance: 55,550 – 55,875 Prashanth Tapse recommends buying these three stocks in the short term - Eternal Ltd, Central Depository Services Ltd (CDSL), and IndusInd Bank Ltd. Eternal share price has been consolidating in a narrow range and has now shown signs of a breakout above ₹ 230, indicating a potential short-term rally. The RSI (14) is rising, reflecting increasing bullish momentum, while the MACD is about to trigger a positive crossover, supporting the upward trend. The price action suggests accumulation at lower levels, and any dip towards ₹ 225–228 should attract buying interest. A move above ₹ 235 can lead to a swift rally toward ₹ 250. The risk-reward remains favourable with a stop loss placed at ₹ 222. Overall sentiment and technicals support a near-term bullish outlook. CDSL share price has shown strong price strength after rebounding from support at ₹ 1,490, backed by a noticeable rise in volumes. The breakout above ₹ 1,530 indicates bullish continuation. RSI (14) at 64 reflects positive momentum, while MACD crossover confirms the ongoing uptrend. As a key player in the booming depository and fintech space, CDSL stands to benefit from rising investor participation. The technical structure points toward a potential move to ₹ 1,650 in the short term. Any intraday dip toward ₹ 1,520–1,530 can offer a buying opportunity. Maintain a stop loss at ₹ 1,495 for risk management. IndusInd Bank share price has bounced back smartly from the ₹ 795 support zone, indicating strong buying interest at lower levels. The stock has reclaimed its short-term moving averages and is showing signs of bullish reversal. RSI (14) has crossed 60, and MACD has turned positive, both suggesting further upside. With Bank Nifty trending higher, IndusInd is well-placed to participate in the rally. The next hurdle lies around ₹ 835, above which a move toward ₹ 870 appears likely. Strong fundamentals, improved asset quality, and positive sentiment in the sector support this view. Keep a stop loss at ₹ 795 to limit downside risk. 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.
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Business Standard
5 days ago
- Business
- Business Standard
Belrise Industries IPO shares list at 11% premium; book profit or hold?
Belrise Industries share price: Shares of automotive sheet metal and casting parts maker company Belrise Industries made a positive D-Street debut on Wednesday, May 28, following the completion of its initial public offering (IPO). The company's shares listed at ₹100 per share on the NSE, reflecting a premium of ₹10 or 11.11 per cent over the issue price of ₹90 per share. On the BSE, Belrise Industries shares listed at a slightly lower premium of ₹8.50 or 9.44 per cent at ₹98.50 per share. Belrise Industries IPO listing fell short of grey market estimates. Ahead of the listing, the unlisted shares of Belrise Industries were trading around ₹111 per share, reflecting a grey market premium (GMP) of ₹21, or 23.33 per cent, over the issue price, revealed sources tracking unofficial market activities. Should you book profit or hold? Belrise Industries listing, Prashanth Tapse, Senior VP (Research), Mehta Equities, said, was well below street expectations amid a subdued market. "The offer received an overwhelming response to its initial public offering (IPO), with the overall subscription reaching over 41 times, significantly surpassing street expectations." Given the market momentum and risks, Tapse recommended that allotted long-term investors continue to 'Hold', expecting volatility in the short- to medium-term, while conservative allotted investors may look to book profits on listing day. Belrise Industries IPO details Belrise Industries comprises an entirely fresh issue of 238.9 million equity shares aggregating up to ₹2,150 crore. Belrise Industries, offered at a price band of ₹85–90 with a lot size of 166 shares, received bids for 7,31,30,39,198 shares against the 17,70,58,824 shares offered, resulting in an oversubscription of 41.30 times by the end of the subscription period, showed the NSE data. Qualified institutional buyers (QIBs) led the demand for the Belrise Industries IPO by subscribing to 108.35 times the portion reserved for them. This was followed by non-institutional investors (NIIs) at 38.33 times, and retail investors at 4.27 times. Belrise Industries IPO was available for subscription from Wednesday, May 21, 2025, till Friday, May 23, 2025. The basis of allotment was finalised on Monday, May 26, 2025. The company set the issue price at ₹90 per share. Belrise Industries will use the proceeds from the public offering for the repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by the company, and for general corporate purposes. About Belrise Industries Belrise Industries is an automotive component manufacturing company based in India, offering a diverse range of safety-critical systems and other engineering solutions for two-wheelers, three-wheelers, four-wheelers, commercial vehicles, and agri-vehicles. Their product portfolio includes metal chassis systems, polymer components, suspension systems, body-in-white components, and exhaust systems, among others. The company's products are largely agnostic to vehicle powertrain types, reflecting its ability to cater to both electric vehicles and internal combustion engine vehicles, thus positioning itself favorably to adapt to the growing electric vehicle market.
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Business Standard
5 days ago
- Business
- Business Standard
Belrise Industries stock lists at an 11% premium: book profit or hold?
Belrise Industries IPO listing price, Belrise Industries share price: Shares of automotive sheet metal and casting parts maker company Belrise Industries made a positive D-Street debut on Wednesday, May 28, following the completion of its initial public offering (IPO). The company's shares listed at ₹100 per share on the NSE, reflecting a premium of ₹10 or 11.11 per cent over the issue price of ₹90 per share. On the BSE, Belrise Industries shares listed at a slightly lower premium of ₹8.50 or 9.44 per cent at ₹98.50 per share. Belrise Industries IPO listing fell short of grey market estimates. Ahead of the listing, the unlisted shares of Belrise Industries were trading around ₹111 per share, reflecting a grey market premium (GMP) of ₹21, or 23.33 per cent, over the issue price, revealed sources tracking unofficial market activities. Should you book profit or hold? Belrise Industries listing, Prashanth Tapse, Senior VP (Research), Mehta Equities, said, was well below street expectations amid a subdued market. "The offer received an overwhelming response to its initial public offering (IPO), with the overall subscription reaching over 41 times, significantly surpassing street expectations." Given the market momentum and risks, Tapse recommended that allotted long-term investors continue to 'Hold', expecting volatility in the short- to medium-term, while conservative allotted investors may look to book profits on listing day. Belrise Industries IPO details Belrise Industries comprises an entirely fresh issue of 238.9 million equity shares aggregating up to ₹2,150 crore. Belrise Industries, offered at a price band of ₹85–90 with a lot size of 166 shares, received bids for 7,31,30,39,198 shares against the 17,70,58,824 shares offered, resulting in an oversubscription of 41.30 times by the end of the subscription period, showed the NSE data. Qualified institutional buyers (QIBs) led the demand for the Belrise Industries IPO by subscribing to 108.35 times the portion reserved for them. This was followed by non-institutional investors (NIIs) at 38.33 times, and retail investors at 4.27 times. Belrise Industries IPO was available for subscription from Wednesday, May 21, 2025, till Friday, May 23, 2025. The basis of allotment was finalised on Monday, May 26, 2025. The company set the issue price at ₹90 per share. Belrise Industries will use the proceeds from the public offering for the repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by the company, and for general corporate purposes. About Belrise Industries Belrise Industries is an automotive component manufacturing company based in India, offering a diverse range of safety-critical systems and other engineering solutions for two-wheelers, three-wheelers, four-wheelers, commercial vehicles, and agri-vehicles. Their product portfolio includes metal chassis systems, polymer components, suspension systems, body-in-white components, and exhaust systems, among others. The company's products are largely agnostic to vehicle powertrain types, reflecting its ability to cater to both electric vehicles and internal combustion engine vehicles, thus positioning itself favorably to adapt to the growing electric vehicle market.
Mint
20-05-2025
- Business
- Mint
Shares to buy in short term: Mehta Equities' Riyank suggests Tata Tech, CDSL, Caplin Point stock to buy
Stock market today: Indian stocks were relatively flat on Tuesday, with the benchmarks staying within a narrow range for the third consecutive session due to a lack of new catalysts, as investors looked for more information on India-U.S. trade talks. The Nifty 50 was down 0.18% at 24,900.65, while the Sensex dipped by 0.24% to reach 81,865.70 points by 11:21 IST. Analysts pointed out that the US markets are under pressure, primarily due to the ongoing repercussions of the tariff disputes from President Trump's tenure. The tariff strategy, imposing at least a 10 percent duty on nearly all imports into the US, has sparked worries regarding the future of global commerce. The repercussions of this trade approach are being felt in financial markets worldwide, including those in India. Riyank Arora of Mehta Equities believes Nifty 50 to move higher towards 25,300–25,400 in the near term. Arora recommends Tata Technologies, CDSL, and Caplin Point Laboratories shares to buy. Nifty 50 continues to trade with a positive bias, showing strong support around 24,500, while immediate support lies at 24,800. On the upside, 25,115 remains a major resistance level. If the index manages to stay above 24,800, it is likely to move higher towards 25,300–25,400 in the near term. The overall trend is bullish, supported by strong market breadth and buying in large-cap stocks. Traders are advised to follow a buy-on-dips strategy as long as the key support levels are intact. Momentum indicators such as RSI are also pointing upwards, suggesting continued strength in the short to medium term. Bank Nifty is showing solid strength, trading firmly above 55,000 levels. Immediate support is seen at 55,170, with major support placed at 54,400. On the upside, the index faces resistance near 55,700, and a breakout above this could trigger a move towards new highs. The index remains in a strong uptrend, backed by sustained buying in major banking names. RSI and other indicators are showing strength, and the price is well above key moving averages. The outlook remains positive, and short-term traders can consider buying on dips for potential gains as long as 54,400 is not breached. Riyank Arora recommends these three stocks in the short term - Tata Technologies Ltd (Tata Tech), Central Depository Services Ltd (CDSL), and Caplin Point Laboratories Ltd. Buy at ₹ 760 | Stop Loss ₹ 700 | Target ₹ 850 Tata Tech has given a strong breakout above the key resistance level of ₹ 750, backed by rising volumes. This move reflects renewed buying interest and continuation of the ongoing uptrend. The stock is forming a pattern of higher highs and is trading above its key moving averages, reinforcing the bullish sentiment. The Relative Strength Index (RSI) stands at 68, indicating solid momentum while still below the overbought zone. As long as the stock maintains above ₹ 700, it is likely to head toward ₹ 850 in the short term. Investors can consider buying on dips, supported by favorable technical indicators. Buy at ₹ 1,450 | Stop Loss ₹ 1,400 | Target ₹ 1,600 CDSL has witnessed a decisive breakout above its resistance at ₹ 1,430, with rising volumes and a positive shift in momentum. The stock is coming out of a consolidation phase, pointing to the beginning of a new upward trend. The RSI is currently at 69, suggesting strong bullish momentum. Additionally, the MACD has shown a positive crossover, confirming a potential trend reversal. These indicators collectively support a short-term bullish view. With no major resistance till ₹ 1,600, and as long as ₹ 1,400 holds as support, CDSL remains a strong candidate for short-term gains. Buy at ₹ 2,161 | Stop Loss ₹ 2,000 | Target ₹ 2,600 Caplin Point has broken out above the ₹ 2,100 level, signaling the end of a consolidation phase and the start of an upward move backed by healthy volumes. The stock has also been trading well above its key moving averages, which further supports the bullish trend. The RSI is at 71, showing strong momentum, though slightly in the overbought zone. However, the strength in price action and consistent buying interest suggest more upside. As long as it holds above ₹ 2,000, the stock is likely to continue trending higher. The next potential resistance is around ₹ 2,600, making it an attractive short-term buy. 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.
