Latest news with #Yagnik
Economic Times
3 days ago
- Business
- Economic Times
RBI MPC impact: DLF shares jump 7% amid euphoria in realty stocks
DLF shares surged 7% on Monday, hitting Rs 882.80, as real estate stocks rallied after the RBI slashed the repo rate by 50 bps to 5.5%. The Nifty Realty index jumped 4.6%, with most constituents in the green. DLF also reported a 39% YoY rise in Q4 net profit to Rs 1,282 crore, backed by strong revenue growth. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Shares of DLF jumped 7% to hit the day's high of Rs 882.80 on NSE on Monday, riding the overall euphoric trend in realty stocks after a 50 basis point repo rate cut by the Reserve Bank of India (RBI) in its June monetary policy, which concluded stocks, known to be sensitive to interest rates, rallied after the RBI's rate cut, as banks are expected to pass on the benefit to borrowers, resulting in lower EMIs on home Nifty Realty index, which tracks the top 10 real estate stocks, surged 4.6% to hit the day's high of 1,038.85. It was the best-performing sector of the day, with 9 out of 10 stocks trading in the from DLF, Godrej Properties was another top gainer, rallying 7%. Prestige Estates Projects Brigade Enterprises , The Phoenix Mills, and Anant Raj rose between 0.5% and 6%.Manju Yagnik, Vice Chairperson of Nahar Group and Senior VP of NAREDCO's Maharashtra chapter, said the cut is both strong and timely amid early signs of demand moderation in the residential sector."Lowering the repo rate to 5.5% will have a cascading effect across the lending ecosystem, bringing home loan interest rates well below 7.75% — a highly encouraging development for both existing and prospective homebuyers," Yagnik added. DLF shares have delivered nearly 6% returns so far this year and over a 1-year period, underperforming the Nifty, which returned 5% and 9% in the same respective Gurugram-based realty major reported a 39% YoY jump in net profit in Q4FY25 to Rs 1,282 crore, compared to Rs 921 crore a year ago. The profit is attributable to the owners of the company. Revenue from operations stood at Rs 3,128 crore, up 46% from Rs 2,134 crore in the same period last (QoQ), profit after tax (PAT) rose 21%, compared to Rs 1,059 crore in Q3FY25, while the topline jumped 105% over Rs 1,529 crore in the previous quarter.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Time of India
3 days ago
- Business
- Time of India
RBI MPC impact: DLF shares jump 7% amid euphoria in realty stocks
Shares of DLF jumped 7% to hit the day's high of Rs 882.80 on NSE on Monday, riding the overall euphoric trend in realty stocks after a 50 basis point repo rate cut by the Reserve Bank of India (RBI) in its June monetary policy, which concluded today. Realty stocks, known to be sensitive to interest rates, rallied after the RBI's rate cut, as banks are expected to pass on the benefit to borrowers, resulting in lower EMIs on home loans. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like These Photos Captured the Exact Wrong Moment Read More Undo The Nifty Realty index, which tracks the top 10 real estate stocks, surged 4.6% to hit the day's high of 1,038.85. It was the best-performing sector of the day, with 9 out of 10 stocks trading in the green. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Apart from DLF, Godrej Properties was another top gainer, rallying 7%. Prestige Estates Projects , Oberoi Realty , Sobha , Macrotech Developers , Brigade Enterprises , The Phoenix Mills, and Anant Raj rose between 0.5% and 6%. Manju Yagnik, Vice Chairperson of Nahar Group and Senior VP of NAREDCO's Maharashtra chapter, said the cut is both strong and timely amid early signs of demand moderation in the residential sector. Live Events "Lowering the repo rate to 5.5% will have a cascading effect across the lending ecosystem, bringing home loan interest rates well below 7.75% — a highly encouraging development for both existing and prospective homebuyers," Yagnik added. DLF shares have delivered nearly 6% returns so far this year and over a 1-year period, underperforming the Nifty, which returned 5% and 9% in the same respective periods. The Gurugram-based realty major reported a 39% YoY jump in net profit in Q4FY25 to Rs 1,282 crore, compared to Rs 921 crore a year ago. The profit is attributable to the owners of the company. Revenue from operations stood at Rs 3,128 crore, up 46% from Rs 2,134 crore in the same period last year. Quarter-on-quarter (QoQ), profit after tax (PAT) rose 21%, compared to Rs 1,059 crore in Q3FY25, while the topline jumped 105% over Rs 1,529 crore in the previous quarter.
Economic Times
3 days ago
- Business
- Economic Times
Bank, NBFC stocks cheer RBI's 50 bps bonanza, but are rate cuts delivering?
Banking and NBFC stocks rallied as the RBI delivered a 50 bps repo rate cut, lifting Nifty Bank to a record high. The move brings the total rate cut to 100 bps, lowering the repo rate to 5.5%. Experts see this as a shift to a more balanced policy stance, boosting credit demand and liquidity. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Banks/NBFCs stock performance amidst rate cuts since Feb 2025 policy Tired of too many ads? Remove Ads The Reserve Bank of India 's (RBI) significant 50 basis point repo rate cut on Friday sent a wave of enthusiasm through the markets, particularly benefiting the rate-sensitive banking and NBFC stocks. This positive sentiment was clearly reflected in the Nifty Bank index, which surged to a fresh lifetime high of 56,238.10 during the policy announcement, climbing almost 1% on Nifty Financial Services index also saw a similar upward trajectory, reflecting the broad-based positive impact across the financial revision takes the total rate cut to 100 bps, bringing the repo rate to 5.5%All 12 stocks in the Nifty Bank index were trading in the green, with IDFC First Bank as the top gainer at 2%. The Nifty PSU Bank was also 1% higher around 10:45 am, with Bank of Baroda (BoB) taking the lead of over 2%.Lower interest rates are expected to bring the cost of credit down, likely enabling higher credit demand. Other rate-sensitive sectors like auto and realty lapped the announcement with glee. The Nifty Auto index shot up by 0.9% around this time despite being down by 0.30% ahead of the policy announcements. Meanwhile, the Nifty Realty index gained more than 2%, extending its to the development, Anil Rego, Founder & Fund Manager at Right Horizons PMS, said that the RBI Monetary Policy Committee (MPC) delivered a front-loaded 50 basis point repo rate cut while shifting its policy stance from accommodative to neutral. "This marks a key turning point in India's monetary approach, signalling a move from active easing to a more balanced, data-dependent stance amid rising global uncertainties and volatile capital flows," he Sharma, Founder & Fund Manager at Green Portfolio PMS, called the magnitude of the cut "significant". "This move is likely to enhance liquidity in the system, making borrowing cheaper and encouraging companies to pursue capital expenditure," he Yagnik, Vice Chairperson of Nahar Group and Senior VP at Maharashtra chapter of NAREDCO, said that the cut is strong and timely amid early signs of demand moderation in the residential sector." Lowering the repo rate to 5.5% will have a cascading effect across the lending ecosystem, bringing home loan interest rates well below 7.75%—a highly encouraging development for both existing and prospective homebuyers," Yagnik February 7, 2025, the date of the year's inaugural monetary policy announcement by the Indian central bank, an ETMarkets analysis of 95 stocks reveals a significant market response: 63 of these stocks have yielded positive returns, climbing as high as 63%. This policy meeting was particularly noteworthy as it marked the first interest rate cut in five years under the leadership of the new Governor, Sanjay top three stocks are NBFCs, followed by a PSU bank. Worth Investment & Trading Co, Aditya Birla Capital, SBFC Finance and Union Bank Of India lead the pack with returns of 63%, 33%, 33% and 28%, are 35 other stocks which have given double-digit returns between 27% and 10% in the same period. Among the most widely tracked stocks are IDBI Bank, RBL Bank, Canara Bank, Bajaj Holdings & Investment, SBI Cards And Payment Services, JIO Financial Services, Shriram Finance, ICICI Bank, Bank of Baroda (BoB), Manappuram Finance, Axis Bank, HDFC Bank and Tata Investment other 24 stocks have yielded returns in single digits. The Jammu & Kashmir Bank, Tamilnad Mercantile Bank and Arman Financial Services are at the lower end of the ladder with 1-2% like the State Bank of India (SBI), Kotak Mahindra Bank, Bajaj Finance, Yes Bank, Punjab National Bank (PNB) and IDFC First Bank have yielded between 5% and 9%.There are laggards too, as 32 stocks have slipped in the red since the first RBI policy announcement in February this year. In this, 17 stocks have seen a double-digit decline between 10% and 52%. The biggest decline was seen in Ashika Credit Capital Finance, followed by Punjab & Sind Bank (PSB) and Paisalo Digital. Both PSB and Ashika have fallen 31% and 29%, stocks with a market capitalisation of Rs 500 crore or more have been taken into article does not analyse the reasons for losses or gains in specific stocks, but a larger trend in the banks and NBFCs. There could be company-specific issues behind their gains or instance, IndusInd Bank's corporate governance issues and losses in its derivative segment triggered a fall in the counter. Since February 7, its fall has been to the tune of 25%.The Q4FY25 is also a factor in the way stocks have performed. India's banking sector delivered a mixed performance in Q4FY25, with profit growth diverging sharply across private, public, and small finance banks. While sector heavyweights like HDFC Bank and ICICI Bank posted modest to healthy growth, State Bank of India (SBI), Kotak Mahindra Bank, and Axis Bank reported disappointing numbers. Moreover, a few mid-sized and small banks surprised the Street with explosive profit Auto has remained flat in this period, weighed down by Trump tariff uncertainties and mixed realty sector has fared better with the Nifty Realty index delivering an over 8% uptick.(Data Inputs by Ritesh Presswala): Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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Business Standard
02-05-2025
- Sport
- Business Standard
We don't buy, we make superstars from young players: RR coach Yagnik
Undeterred by their hopes of securing an IPL playoffs berth this seasons going up in smoke, Rajasthan Royals fielding coach Dishant Yagnik asserted that his side will keep backing youngsters despite criticism over releasing superstars like Jos Buttler and Trent Boult ahead of the mega auction. The 2008 edition champions Rajasthan Royals, who suffered a massive 100-run defeat to Mumbai Indians on Thursday, have only six points from 11 games and are placed a dismal eighth on the points table. RR have several youngsters, including 14-year-old Vaibhav Suryavanshi, who became the youngest player in IPL history to score a century, and opener Yashasvi Jaiswal, but the void left by the exit of former England white-ball skipper Buttler and New Zealand pacer Boult is being felt badly. Asked about the difference between last year's star-studded team and this editions relatively young and inexperienced side, Yagnik replied, "There's a great point in your question about star (players). Whenever a new player arrives, he is not a star but he is made into one." "Last year, the players we had were not stars when they entered the team but they became stars and now the players that we have got in the team, we will make them stars. We don't buy superstars, we make superstars and this is our tagline," he said at the post-match media conference. The Royals were in contention for a final berth last year before finishing third on the table with 17 points from 14 games. on Thursday, opener Suryavanshi was out for a duck, while young Jaiswal too could not make an impact, scoring just 13 runs as RR were all out for 117 at their home ground, chasing Mumbai Indians' 217/2. "Look at Vaibhav Suryavanshi, everyone was happy for him when he was batting (against Gujarat Titans during his 38-ball 101). The entire crowd was happy and in time to come, these guys will become stars and we believe in that," Yagnik added. Yagnik said the team will have to look at the talent at its disposal, and not think about players like Buttler. The England batter has played some of the most scintillating knocks for RR and was the key to the team's success in previous editions. "The time has come for you to think beyond. When you don't have (a player), you have to forget it and move on. We have Vaibhav, Yashasvi Jaiswal... Sanju Samson is our captain, we will go ahead with this team and show it by winning with them," he said. "There is a lot of time for that, we will analyse and see," Yagnik added, when asked what about RR's strategy ahead of the next auction. Yagnik said MI's skillset on Thursday outmatched RR's plans on Thursday. "If someone's skillset weighs heavy on your plans, like Rohit's (Sharma), Surya's (Suryakumar Yadav), and Hardik's (Pandya), you have to give credit. They hit good shots on good balls. GT (Gujarat Titans) said in the last game's press conference that Vaibhav played class shots. Similarly, you have to give credit to Mumbai Indians where it is due," he said. Yagnik also defended his team's preparations despite the players dropping a number of catches this season. "I have been a fielding coach since last eight years and if you check the data, we were always in the top three from 2018 to 2023. You always have that one season in which you drop back-to-back catches and this has happened with every franchise," he said. "When Ben Stokes had taken the best catch in IPL in 2018 here, I was there as the fielding coach and today when we are dropping sitters, I am here as the fielding coach. It happens, but what matters is your levels of preparation," he said. Mumbai Indians pacer Deepak Chahar, meanwhile, admitted that bowling alongside world-class bowlers like Jasprit Bumrah and Trent Boult makes his task easier. "When you are bowling with world-class partners it becomes easy for you because as a bowler if you have a bad over and if that bad over is backed by a brilliant over or a wicket, then it (becomes) an easy job for me to bowl to the new batter," he said. Chahar got rid of the Suryavanshi and bowled two economical overs costing him just 13 runs. "Bowling with world-class bowlers who have done well in international cricket and the IPL is helping me and when you bowl as a unit, it becomes difficult for the other team as well.
Time of India
02-05-2025
- Sport
- Time of India
'We don't buy superstars, we make superstars': Rajasthan Royals fielding coach
Rajasthan Royals players huddle at the start of the Indian Premier League cricket match against Mumbai Indians at Sawai Mansingh Stadium in Jaipur. (AP) Rajasthan Royals ' fielding coach Dishant Yagnik addressed the media after their elimination from IPL 2025 following a 100-run defeat to Mumbai Indians on Thursday. He defended the team's strategy of developing young talent rather than buying established stars, while also discussing their execution failures in crucial moments and fielding lapses this season. The Royals, who won the inaugural IPL in 2008 but have struggled since with only a runners-up finish in 2022, have maintained their philosophy of nurturing young talent like 14-year-old Vaibhav Suryavanshi , despite letting go of established stars like Jos Buttler and Trent Boult. Go Beyond The Boundary with our YouTube channel. SUBSCRIBE NOW! "Whenever a new player has entered our side over the years, they weren't stars already. They became stars at our franchise. The current bunch, we're confident that they will become stars, we'll make them stars. We don't buy superstars, we make superstars, that's our tagline. For example, take Vaibhav Suryavanshi, everyone was happy and emotional for him the way he batted. So, in the coming years, guys like him will become stars. Time has come for us to look beyond such things. When we don't have them, we have to forget and move on. Now we have Vaibhav, Yashasvi Jaiswal , Sanju Samson is our captain. We'll go ahead with this side and we'll prove our winning ability with this side," Yagnik explained. A Father's Pride: How RR, Dravid & Vikram Shaped Vaibhav Suryavanshi The Royals' 2025 campaign was particularly hurt by their inability to close out tight matches. They lost three crucial run chases against Delhi Capitals, Lucknow Super Giants, and Royal Challengers Bangalore, where they needed single-digit runs in the final over or manageable targets. "If you look at most of the games, we were often close to winning those matches. In those crunch moments where execution is crucial, we probably fell short in close games and that's how two points went away from us. As you know, we were dominating in those three games but there was a shortage in execution during crunch moments. It happens in cricket," Yagnik admitted. The team's fielding performance has been notably poor this season, with multiple dropped catches proving costly, including several reprieves given to Suryakumar Yadav in the match against Mumbai Indians. Everything is special about Vaibhav Suryavanshi: Vikram Rathour "I've been the fielding coach for eight years now. From 2018 to 2023 if you check the data, we were always in the top three. Once in a while, such a season comes when you miss a lot of catches in back-to-back games. It happens with all franchises. In cricket, taking and missing catches are part and parcel of the game. Even today, three catches were missed. What matters is your level of preparation," Yagnik stated. Mumbai Indians posted a formidable total of 217, with Ryan Rickelton and Rohit Sharma scoring fifties, followed by contributions from Suryakumar Yadav and Hardik Pandya. Yagnik praised MI's batting performance rather than criticising his bowlers. "If someone's skill proves to be a handful for your bowling plans, like Rohit's skill set, Surya's skill set. They batted well and hit sixes off really good balls. So, you have to credit Mumbai Indians' batters for the way they batted, In the last game, GT conceded that Vaibhav played classy shots. Similarly, you need to credit MI for their batting," he said. Regarding the decision to bowl first, which proved costly as dew didn't materialise on the slow surface, Yagnik explained their reasoning: "If you look at the previous games played at this venue, batting has always been easier to bat in the second innings. There is always the expectation of dew. With the weather being a bit overcast then, there was also the possibility of getting some swing early. So, keeping all these technical points in mind, we bowled first."
