Latest news with #Rs429
Mint
21-07-2025
- Business
- Mint
Reliance vs Jio Financial Services: Which Mukesh Ambani-owned share is better placed on tech chart after Q1 results?
Reliance vs Jio Financial Services: Last week, Mukesh Ambani-owned Reliance Industries Ltd (RIL) and Jio Financial Services Ltd (JFSL) reported their Q1 2025 results, and hence, both Mukesh Ambani-owned stocks are expected to remain in focus on Monday. While Jio Financial Services reported strong Q1 2025 results, Reliance missed its O2C earnings. However, RIL has given strong guidance post-Q1 results. According to stock market experts, Reliance shares and Jio Financial share prices will remain under the lens of both bulls and bears after their respective Q1 results were declared on the weekend. They said that fundamentally, both stocks are good for long-term investors, but for short-term investors, the RIL share price may trump the Jio Financial share price rally. On what the technical chart suggests about these Mukesh Ambani-owned stocks, Anshul Jain, Head of Research at Lakshmishree Investment, said, 'Jio Financial is currently trading within a key resistance zone of ₹ 324 to ₹ 347. Despite strong overhead pressure, the stock isn't backing down — instead, it's showing signs of bullish accumulation. Volume is steadily declining, which often precedes a breakout after consolidation. That said, price action suggests a range-bound phase could continue for the next 8–10 weeks.' 'Reliance share price, on the other hand, has clearly rejected the resistance zone around ₹ 2,532. With no strong buying interest at these levels, the stock is likely heading to test major liquidity between ₹ 2,414 to ₹ 2,392. This makes RIL share price a more attractive buy on dips bet, especially as it approaches that demand zone,' Anshul Jain said. Reviewing the RIL Q1 results for the first quarter of the current fiscal, Sabri Hazarika, Senior Research Analyst at Emkay Global Financial Services, said, 'RIL saw a 5%/7% consol EBITDA/APAT miss in Q1FY26 at Rs429/181bn, resp. This is due to 6%/5% lower than expected O2C/retail EBITDA, while Jio and Upstream EBITDA came at a 2% beat each. O2C was mainly hit by turnaround activity, while retail saw seasonal impact on electronics with overall revenue/EBITDA up 11%/13% YoY, albeit on a low base. Jio subs addition was better at 9.9mn, while ARPU grew 1% to Rs208.8. Net debt was stable QoQ at Rs1.18trn, and capex stood at Rs299bn. Against the weak results, the mgmt gave a healthy outlook, with O2C supported by refinery closures in the West, Retail and Jio likely to accelerate (to achieve 2x EBITDA in 4-5Y across the group), and the new energy ecosystem to fully operationalize in 4-6 quarters with partnerships, and a self-funded model in a few years. We factor in a tariff hike in Jio for Q3FY26E and raise O2C earnings, building in higher GRM. We raise FY26/27E EPS by 4/7% and TP by 10% to Rs1,600, with some expansion in the target multiple of Other segments/New Energy. The stock performance has been strong in the last 3M; we retain BUY, albeit seek better entry points.' Speaking on the Jio Financial Services Q1 results 2025, Seema Srivastava, Senior Research Analyst at SMC Global Securities, said, 'Jio Financial Services Limited (JFSL) delivered a strong performance in Q1 FY26, with consolidated total income rising 48% YoY to ₹ 619 crore, driven by robust growth across its diversified business segments. Notably, Net Income from Business surged nearly 4x YoY to ₹ 219 crore, contributing about 40% of total net income, reflecting improved core operating efficiency. The company's Profit After Tax stood at ₹ 325 crore, growing 4% YoY, while Pre-Provisioning Operating Profit rose 8% YoY to ₹ 366 crore, indicating disciplined cost management. The standout performer was Jio Credit Limited (JCL), whose AUM skyrocketed to ₹ 11,665 crore from just ₹ 217 crore a year ago, aided by a credit-conscious approach and successful market borrowings at competitive rates.' Disclaimer: The views and recommendations made above are those of individual analysts or brokerage companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Business Recorder
17-07-2025
- Automotive
- Business Recorder
Yamaha, Unique hike motorcycle prices in Pakistan following NEV levy imposition
Following the footsteps of Atlas Honda and Pak Suzuki Motor Company, Yamaha Motor Pakistan has announced revised retail prices for its motorcycle lineup, effective July 1, 2025. This follows changes introduced in the federal budget 2025-26, including the implementation of a new NEV [New Energy Vehicle] levy on automobile sales. As per the updated price list, the company's YB125Z (Red/Black) mode will now retail at Rs429,000, which includes Rs65,441 in sales tax and Rs4,057 in NEV levy. The YAMAHA-YB125Z DX (Red/Black/Gray) has seen a price increase as well, and now stands at Rs459,500, after taxes and levies. Yamaha's YBR125 (Red/Gray/Black) will now be available at Rs471,500, while the YBR125G (Black) will cost Rs490,500. The YBR125G (Matt) has emerged as the most expensive model in the lineup, clocking in at Rs493,500 after new taxes. Meanwhile, Unique, a brand of D.S. Motors Private Limited, has also raised the price of its UD-70cc motorcycle models by Rs3,000 across all listed variants, effective July 18, 2025. The company, in its notice to the dealers, cited recent taxation measures in the budget for FY25-26, increased production costs, rising import duties, and the current economic conditions as reasons for the hike. Days ago, Pak Suzuki Motor Company announced revised retail prices for its motorcycle lineup. Earlier, Atlas Honda, which holds over half of the motorcycle market share in Pakistan, increased the prices of its bikes by Rs2,000 to Rs6,000 per unit on account of new taxes. The NEV levy, introduced in the Finance Act 2025, applies to all internal combustion engine motor vehicles and motorcycles and came into effect from July 1, 2025, increasing prices significantly. According to the details, the NEV levy covers all vehicle categories from basic motorcycles to luxury SUVs. However, the policy exempts new energy vehicles (electric and hybrid cars), vehicles manufactured exclusively for export, diplomatic mission vehicles, and those belonging to international organisations with diplomatic privileges. Experts believe that the rate hike could dampen demand in the already struggling two-wheeler market, where affordability remains a key concern for buyers.
Express Tribune
12-03-2025
- Business
- Express Tribune
Range-bound gold edges up by Rs500
Listen to article After remaining stable for two days, gold prices in Pakistan edged higher on Wednesday, tracking gains in international markets. In the local market, the price of gold per tola rose by Rs500 to reach Rs306,500, while the rate for 10 grams increased by Rs429 to Rs262,774, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). On Tuesday, gold prices remained unchanged at Rs306,000 per tola. Internationally, gold prices also saw an uptick, with APGJSA reporting a rate of $2,915 per ounce (including a $20 premium), marking a $5 increase during the day. "Gold prices in the market were range-bound today," said Adnan Agar, Director at Interactive Commodities, explaining that the day's low and high were $2,906 and $2,927, respectively, with the market currently trading near its peak. He attributed the gold price increase to lower-than-expected inflation data from the US, which could pressure the Federal Reserve to consider interest rate cuts. However, uncertainties remain due to ongoing tariff-related policies under Donald Trump, which could impact the US economy. Agar further noted that while interest rates are likely to remain stable, if gold closes above the $3,030-$3,035 mark, it could potentially retest previous all-time highs. Conversely, if it fails to close above $3,000, the market may continue fluctuating within the $2,900-$2,930 range, as it has for the past 8-10 days. The upcoming market closing will be a key indicator of future trends. Meanwhile, the Pakistani rupee remained largely stable against the US dollar, slipping by a marginal 0.01% in the interbank market on Wednesday. By the end of the trading session, the currency stood at 279.97, reflecting a slight depreciation of 2 paisa against the greenback. A day earlier, the rupee had closed at 279.95. Moreover, in the Pakistan Investment Bonds (PIB) auction, the State Bank of Pakistan (SBP) raised a total of Rs15.8 billion, significantly below the target of Rs350 billion. The central bank received bids worth Rs476 billion but rejected all bids for the 2-year and 3-year bonds. Meanwhile, the cut-off yield for the 5-year bond remained unchanged, while the 10-year bond saw a slight decline of just 1 basis point.
