Latest news with #PhillipSecurities
Business Insider
5 days ago
- Business
- Business Insider
Star Cement Ltd. (STARCEMENT): New Buy Recommendation for This Basic Materials Giant
Phillip Securities analyst maintained a Buy rating on Star Cement Ltd. (STARCEMENT – Research Report) yesterday and set a price target of INR270.00. The company's shares closed last Friday at INR217.37. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Star Cement Ltd. has an analyst consensus of Hold. The company has a one-year high of INR247.75 and a one-year low of INR171.55. Currently, Star Cement Ltd. has an average volume of 20.75K.
Business Insider
5 days ago
- Business
- Business Insider
Phillip Securities Keeps Their Buy Rating on Cummins India Limited (CUMMINSIND)
In a report released yesterday, from Phillip Securities maintained a Buy rating on Cummins India Limited (CUMMINSIND – Research Report), with a price target of INR3,960.00. The company's shares closed last Friday at INR3,268.10. Confident Investing Starts Here: In addition to Phillip Securities, Cummins India Limited also received a Buy from Nomura's Umesh Raut in a report issued yesterday. However, on the same day, Jefferies maintained a Sell rating on Cummins India Limited (NSE: CUMMINSIND). Based on Cummins India Limited's latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of INR23.16 billion and a net profit of INR4.63 billion. In comparison, last year the company earned a revenue of INR21.85 billion and had a net profit of INR3.54 billion
Business Insider
5 days ago
- Business
- Business Insider
Phillip Securities upgrades JK Lakshmi Cement Limited (JKLAKSHMI) to a Buy
Phillip Securities analyst upgraded JK Lakshmi Cement Limited (JKLAKSHMI – Research Report) to a Buy yesterday and set a price target of INR1,100.00. The company's shares closed last Friday at INR846.85. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter The analyst consensus on JK Lakshmi Cement Limited is currently a Hold rating. Based on JK Lakshmi Cement Limited's latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of INR15.64 billion and a net profit of INR703 million. In comparison, last year the company earned a revenue of INR17.3 billion and had a net profit of INR784.7 million
Business Insider
5 days ago
- Business
- Business Insider
Phillip Securities Sticks to Its Buy Rating for Oil India Limited (OIL)
In a report released yesterday, from Phillip Securities maintained a Buy rating on Oil India Limited (OIL – Research Report), with a price target of INR545.00. The company's shares closed last Friday at INR426.80. Confident Investing Starts Here: The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Oil India Limited with a INR462.00 average price target. Based on Oil India Limited's latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of INR81.2 billion and a net profit of INR18.86 billion. In comparison, last year the company earned a revenue of INR62.08 billion and had a net profit of INR14.27 billion
Mint
28-05-2025
- Business
- Mint
Weak Auction Keeps Pressure on Japan to Reduce Long-Bond Supply
Japanese sovereign bonds fell after an auction of 40-year debt met the weakest demand since July, adding pressure on the government to reduce issuance of such securities. The 40-year yield rose 5 basis points following the sale, to 3.335%. Yields on this maturity and the 30-year tenor last week reached the highest on record after the softest demand since 2012 at an auction of 20-year bonds. 'The fact today's auction didn't go very well supports the narrative that the government will adjust its issuance of super-long bonds,' said Kazuhiro Sasaki, head of research at Phillip Securities Japan. Wednesday's sale was a key test globally for longer tenors amid concern that rising government spending will take budget deficits into dangerous territory. In Japan it was also being viewed as an important gauge of appetite from large institutional investors, who have not filled the gap left by the central bank reducing its purchases. 'The weak bidding for the 40-year bond was probably due to the continued high volatility and the fact that the actual issuance amount will not be reduced for another month, making most investors reluctant to take on risk,' said Ataru Okumura, a senior interest-rate strategist at SMBC Nikko Securities. This week's auction results also show how traders and investors are nervous, especially with the finance ministry due to sell benchmark 10-year notes and 30-year debt next week. In a sign that the government may be preparing to adjust issuance after the rout, the finance ministry sent a questionnaire to market participants on Monday evening that asked for their views on issuance and the current market situation, according to people familiar with the matter. The step was seen as unusual because of its timing and the wide group of people contacted, and sparked a rally in super-long-term government bonds Tuesday. The moves followed aggressive upward pressure on global borrowing costs last week that drove up yields on long-maturity debt from the US to Japan. 'In a sense, this is a positive for the bond market, because it increases the likelihood that the finance ministry will do something,' said Sasaki at Phillip Securities, referring to building pressure on Japan's long-term yields. The average bid-to-cover ratio, a measure of demand, for Wednesday's ¥500 billion auction of March 2065 bonds was 2.21. That was lower than 2.92 at the last auction in March. Next month is shaping up as pivotal for the bond market, with the central bank holding a policy meeting June 16-17 at which it is expected to discuss any changes to its tapering of debt purchases. Meanwhile, the finance ministry's questionnaire suggests that it's considering input from market participants on bond issuance. With assistance from Masahiro Hidaka and Alice French. This article was generated from an automated news agency feed without modifications to text.
