Latest news with #Mohta
The Print
4 days ago
- Business
- The Print
RBI rate cut to spur Kolkata housing demand by 5-10pc: CREDAI
'In FY2024-25, Kolkata saw the sale of around 17,389 residential units, marking a 16 per cent rise year-on-year,' he said. 'The lower interest rate regime would make home loans cheaper, driving up demand by at least 5 to 10 per cent in the coming months,' Sushil Mohta, CREDAI West Bengal President, told PTI. Kolkata, Jun 6 (PTI) The Reserve Bank of India's decision to cut the repo rate by 50 basis points to 5.5 per cent, along with a 100 basis points reduction in the cash reserve ratio (CRR), is set to boost housing demand in Kolkata's residential property market by 5-10 per cent, particularly in the affordable segment, real estate developers said on Friday. The stock of unsold affordable homes in the city dropped to 12,783 units in March 2025 from 16,069 units a year ago, reflecting sustained buyer interest despite relatively stable prices. 'Kolkata is largely an affordable housing market, and the rate cut will make home ownership more accessible while easing borrowing costs for developers. The CRR cut will further improve liquidity for both homebuyers and builders,' Mohta who is also Chairman of the Merlin Group added. Despite a moderate 10 per cent increase in residential prices over the past two years—lower than Bengaluru (29 per cent), NCR (20 per cent) and Mumbai (13.5 per cent)—Kolkata's price points are expected to remain steady going forward, given limited profit margins in the segment. Mahesh Agarwal, Managing Director of Purti Realty, echoed similar sentiments. 'The RBI's policy decision will sharply reduce borrowing costs and make credit more affordable. We expect demand to rise across all segments—affordable, mid-income and luxury. Lower EMIs will improve access to homeownership and spur greater participation in the real estate market,' he said. According to developers, the RBI's move comes at a crucial time when buyer sentiment is gradually strengthening, and the city's property market, while conservative in pricing, is poised for higher transaction volumes in the new financial year. Industry players believe that the rate cut signals renewed confidence in the broader economy and is likely to have a ripple effect on construction activity, employment generation, and allied sectors in Kolkata. Real estate's contribution to the state's GDP and employment is significant, which is why the state government had extended fiscal and policy incentives to boost sales during the COVID-19 pandemic. PTI BSM NN This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Economic Times
02-06-2025
- Business
- Economic Times
JM Financial maintains Buy on EPACK Durables, revises target price to Rs 480
JM Financial has maintained a Buy call on EPACK Durables with a revised target price of Rs 480 (Earlier Rs 540). The current market price of EPACK Durables is Rs 376.65. Time period given by the analyst is a year when EPACK Durables Ltd. price can reach defined target. EPACK Durables, incorporated in 2019, is a Small Cap company with a market cap of Rs 3656.85 crore, operating in the Consumer Durables sector. ADVERTISEMENT EPACK Durables' key products/revenue segments include Electrical Consumer Durables, Other Operating Revenue, Scrap and Export Incentives for the year ending 31-Mar-2024. Financials For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 648.75 crore, up 69.96% from last quarter Total Income of Rs 381.71 crore and up 22.12% from last year same quarter Total Income of Rs 531.25 crore. The company has reported net profit after tax of Rs 38.91 crore in the latest quarter. The company's top management includes Bothra, Mohta, Agarwal, Bhargava, Gulati, Narasimhachari, Chandra Jain, Singhania, D D Singhania, Niren Parikh. Company has Deloitte Haskins & Sells as its auditors. As on 31-03-2025, the company has a total of 10 crore shares outstanding. Investment Rationale EPACK posted a good 4Q, with PAT rising 36% YoY and beating estimates. It expects to outgrow the industry through its customer diversification initiatives, a key contributor being the partnership with Hisense. ODM manufacturing for Hisense has already started, and the construction of the facility is also on track, with OEM manufacturing targeted by 3Q/4QFY26. The management has indicated an investment of Rs 4.5 billion-5 billion over the next 12-18 months to ramp up capacities, predominantly in Sri City. JM Financial factors in these capacity expansion plans and cut our FY26/27E EPS estimates by 2-9%. However, the stock price has broadly been flat over the last 6 months, leaving ~28% upside to our target price. They maintain BUY with a target price of Rs 460, at 40x Mar?27E EPS. ADVERTISEMENT Promoter/FII Holdings Promoters held 48.04 per cent stake in the company as of 31-Mar-2025, while FIIs owned 1.58 per cent, DIIs 6.57 per cent. (You can now subscribe to our ETMarkets WhatsApp channel) Disclaimer: Views and recommendations given in this section are the analysts' own and do not represent those of Please consult your financial adviser before taking any position in the stock/s mentioned.
Time of India
02-06-2025
- Business
- Time of India
JM Financial maintains Buy on EPACK Durables, revises target price to Rs 480
EPACK Durables' key products/revenue segments include Electrical Consumer Durables, Other Operating Revenue, Scrap and Export Incentives for the year ending 31-Mar-2024. Financials For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 648.75 crore, up 69.96% from last quarter Total Income of Rs 381.71 crore and up 22.12% from last year same quarter Total Income of Rs 531.25 crore. The company has reported net profit after tax of Rs 38.91 crore in the latest quarter. The company's top management includes Bothra, Mohta, Agarwal, Bhargava, Gulati, Narasimhachari, Chandra Jain, Singhania, D D Singhania, Niren Parikh. Company has Deloitte Haskins & Sells as its auditors. As on 31-03-2025, the company has a total of 10 crore shares outstanding. Live Events Investment Rationale EPACK posted a good 4Q, with PAT rising 36% YoY and beating estimates. It expects to outgrow the industry through its customer diversification initiatives, a key contributor being the partnership with Hisense. ODM manufacturing for Hisense has already started, and the construction of the facility is also on track, with OEM manufacturing targeted by 3Q/4QFY26. The management has indicated an investment of Rs 4.5 billion-5 billion over the next 12-18 months to ramp up capacities, predominantly in Sri City. JM Financial factors in these capacity expansion plans and cut our FY26/27E EPS estimates by 2-9%. However, the stock price has broadly been flat over the last 6 months, leaving ~28% upside to our target price. They maintain BUY with a target price of Rs 460, at 40x Mar?27E EPS. Promoter/FII Holdings Promoters held 48.04 per cent stake in the company as of 31-Mar-2025, while FIIs owned 1.58 per cent, DIIs 6.57 per cent. (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel JM Financial has maintained a Buy call on EPACK Durables with a revised target price of Rs 480 (Earlier Rs 540). The current market price of EPACK Durables is Rs 376.65. Time period given by the analyst is a year when EPACK Durables Ltd. price can reach defined target. EPACK Durables, incorporated in 2019, is a Small Cap company with a market cap of Rs 3656.85 crore, operating in the Consumer Durables Durables' key products/revenue segments include Electrical Consumer Durables, Other Operating Revenue, Scrap and Export Incentives for the year ending the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 648.75 crore, up 69.96% from last quarter Total Income of Rs 381.71 crore and up 22.12% from last year same quarter Total Income of Rs 531.25 crore. The company has reported net profit after tax of Rs 38.91 crore in the latest company's top management includes Bothra, Mohta, Agarwal, Bhargava, Gulati, Narasimhachari, Chandra Jain, Singhania, D D Singhania, Niren Parikh. Company has Deloitte Haskins & Sells as its auditors. As on 31-03-2025, the company has a total of 10 crore shares posted a good 4Q, with PAT rising 36% YoY and beating estimates. It expects to outgrow the industry through its customer diversification initiatives, a key contributor being the partnership with Hisense. ODM manufacturing for Hisense has already started, and the construction of the facility is also on track, with OEM manufacturing targeted by 3Q/4QFY26. The management has indicated an investment of Rs 4.5 billion-5 billion over the next 12-18 months to ramp up capacities, predominantly in Sri City. JM Financial factors in these capacity expansion plans and cut our FY26/27E EPS estimates by 2-9%. However, the stock price has broadly been flat over the last 6 months, leaving ~28% upside to our target price. They maintain BUY with a target price of Rs 460, at 40x Mar?27E held 48.04 per cent stake in the company as of 31-Mar-2025, while FIIs owned 1.58 per cent, DIIs 6.57 per cent. (Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
