Share market today l News l Reliance l Tata motors l Tata Elxsi l HDFC bank l NBCC l

 

Goldman Sachs raises Reliance Industries stock target price with ‘buy’ rating, sees 54% upside

Reliance Industries shares jumped over 3 percent on March 27 after Goldman Sachs reiterated a ‘buy’ rating on Reliance Industries Ltd, with as much as a 54 percent upside by FY26 in its bull case, citing favourable risk-reward dynamics, value unlocking from its Disney joint venture, and enhanced return on capital investments.

Tata's Auto Stock To Buy In FY25 Before Spliting: Rs 1,075 TP By Prabhudas, Rs 1,133 TP By CLSA

CLSA maintained its BUY on Tata Motors. CLSA is expecting Tata Motors' profitability to be robust, especially after its luxury-car brand Jaguar Land Rover reported an increase of 10% in volumes between January to February 2024 compared to the same period a year ago. The brokerage is expecting JLR to gain market share in the domestic passenger vehicle segment. Accordingly, CLSA has recommended BUY for Rs 1,133 on Tata Motors while maintaining its 'Outperform' rating.

Tata Elxsi stock gains on collaboration with Germany-based Dräger for critical care innovation

Tata Elxsi and Dräger, a global leader in medical and safety technology, announced collaboration to advance critical care innovation in India. As part of this collaboration, Dräger is expanding its research and development presence by establishing a new Offshore Development Center (ODC) at Tata Elxsi's facility in Pune.

HDFC Bank Stock Rises in Today's Trading Session 

HDFC Bank's stock opened at ₹1440 and closed at ₹1440.7 on the last day of trading. The stock reached a high of ₹1459.7 and a  low of ₹1440. The market capitalization is ₹1100183.24 crores, with a 52-week high of ₹1757.8 and a 52-week low of ₹1363.45. The BSE volume for the day was 1170187 shares traded. 

NBCC  overvalued by 35% ?  Intrinsic value of ₹87.92 could be fair value

 NBCC India's stock opened at ₹114.75 and closed at ₹113.5. The high for the day was ₹119.15, while the low was ₹114.5. The market capitalization stood at ₹21,429.0 crores. The 52-week high for the stock was ₹176.5, and the 52-week low was ₹30.96. The BSE volume for the day was 2,175,949 shares traded.

NEWS UPDATE : RBI announces schedule dates of six bi-monthly Monetary policy committee (MPC) reviews in 2024-25

 RBI MPC meeting schedule 2024-25: The Reserve Bank of India (RBI) has released the full schedule of the six upcoming review meetings of its all-powerful Monetary Policy Committee (MPC) for the financial year beginning April 1, 2024. It is during these reviews that the MPC, the interest rate-deciding panel headed by the RBI Governor, decides various key aspects of the country's monetary policy, including the repo rate and other policy rates, and the RBI's forecasts for macroeconomic parameters such as inflation and GDP growth.   

 RBI monetary policy meeting  schedule for  2024-25

• April 3-5, 2024
• June 5-7, 2024
• August 6-8, 2024
• October 7-9, 2024
• December 4-6, 2024
• February 5-7, 2025

What did the MPC do in February 2024 review?

In the last scheduled review of the current financial year, the MPC kept the repo rate—or the key interest rate at which the RBI lends short-term funds to commercial banks—unchanged at 6.5 per cent, in line with most economists' expectations. The RBI also implied that it might be a while before the central bank introduces interest rate cuts.

The central bank has kept the benchmark interest rate on hold for more than a year following six increases of a cumulative 250 basis points between May 2022 and February 2023.

The MPC voted 5:1 to keep the repo rate on hold while maintaining the policy stance at "withdrawal of accommodation". 

What does the RBI Governor-led MPC do and how often does it meet in a year?

The RBI, which plays a crucial role in the country's financial system by regulating monetary policy and overseeing the banking sector, normally meets six times a year to discuss and review various aspects of the economy, including the policy rates.

In these meetings, MPC members analyse economic indicators and decide on key policy rates such as the repo rate, reverse repo rate, and liquidity measures.

 Besides, the RBI Governor-led MPC also convenes any additional meetings in situations that warrant immediate action.

How do MPC meetings impact you? 

 

The MPC meetings are crucial as they set the tone for the country's monetary policy and have a direct impact on interest rates, inflation, and overall economic stability.

The decisions taken during these meetings influence borrowing and lending rates in the economy, affecting businesses, consumers, and investors. 

At each meeting, the RBI considers a host of important factors such as inflation levels, GDP growth projections, global economic trends, and domestic financial stability.

The minutes of the MPC meetings are released to the public, providing insights into the rationale behind policy decisions. This transparency enhances accountability and fosters trust in the central bank's operations.

10 Research Analysts , TV Experts barred by SEBI for stock manipulation and unfair trade practices

Securities and Exchange Board of India (SEBI) On date 08-02-2024 passed  ex-parts Interim Order against 10 individuals for manipulation of stock. SEBI Restrained above persons  from buying and selling or dealing in securities , either directly or indirectly , in any manner until further order, SEBI also mentioned to transfer  Rs. 74,129,648 to Escrow account  which was earned by unfair trade practices. SEBI also notified ZEE media corporation to comply with all electronic record related to telecast. This Is not first time SEBI opted action against Research analyst  who expresses  Expert opinion to national TV  with common agenda of Stock manipulation  and  Off loading of Shares

Summary:

·   The Securities and Exchange Board of India (SEBI) has barred 10 individuals, including market experts and guests appearing on Zee Business, from the securities market for allegedly manipulating stock prices and profiting illegally. 

·   These individuals allegedly shared stock recommendations with certain entities before broadcasts, allowing them to profit by buying and selling based on this insider information.  

·   SEBI estimates the unlawful gains at Rs 7.5 crore and has taken steps to freeze assets and prevent further manipulation.

Key Points: 

·  Individuals Barred: Kiran Jadhav, Ashish Kelkar, Himanshu Gupta, Mudit Goyal, Simi Bhaumik, and others. 

·  Nature of Allegations: Sharing pre-broadcast stock recommendations with select entities for illegal profit-sharing.

·  Estimated Unlawful Gains: Rs 7.5 crore. 

·  SEBI Actions: Barred individuals from markets, frozen assets, directed Zee Media to preserve records.

Implications: 

·    This action highlights SEBI's commitment to curbing market manipulation and protecting investors.

·   It serves as a warning to market participants against insider trading and other fraudulent activities.

·   Investors should be cautious about relying solely on TV recommendations and conduct their own research before making investment decisions.

·   Zee Business may face further scrutiny and potential penalties depending on the investigation's outcome as per SEBI order 

   

   sebi registered RA , sebi Registered research analyst , Sebi order , Sebi registered investment advisor , Trading , zee business , zee tv , expert opinion    

Housing and Urban Development Corporation Limited Share jumps 30 % post budget

 The Housing and Urban Development Corporation Limited

The Housing and Urban Development Corporation Limited (HUDCO) is a techno-financing public sector enterprise, under the Ministry of Housing and Urban Affairs (MoHUA), Government of India. It was incorporated in 1970 as a statutory body and converted into a public limited company in 1994. HUDCO is a leading provider of housing finance and infrastructure development in India.

The Housing and Urban Development Corporation Limited  mission is to:

·  Promote housing and urban development in India.

·  Provide financial assistance for housing and infrastructure projects.

·  Develop new technologies and financing models for housing and urban development.

·  Promote sustainable and inclusive development in urban areas.

 

The Housing and Urban Development Corporation Limited  key activities include:

·  Providing housing finance to individuals, developers, and institutions.

·  Financing infrastructure projects such as water supply, sanitation, drainage, solid waste management, roads, and bridges.

·  Developing new townships and urban areas.

·  Providing consultancy services in housing and urban development.

 

The Housing and Urban Development Corporation Limited  has a strong track record of success. It has:

·  Financed the construction of over 20 million houses.

·  Financed infrastructure projects in over 3,000 cities and towns.

·  Developed over 50 new townships.

 

The Housing and Urban Development Corporation Limited is committed to playing a leading role in India's urban development. It is working to:

·  Increase the availability of affordable housing.

·  Improve the quality of urban infrastructure.

·  Make cities more sustainable and inclusive.

 

Here are some of  The Housing and Urban Development Corporation Limited  achievements:

·  Financed the construction of over 20 million houses

·  Developed over 3,000 urban infrastructure projects

·  Provided technical assistance to state governments, local bodies, and other agencies involved in housing and urban development

·  Conducted research and development activities related to housing and urban development

·  Advocated for policies that promote affordable housing and sustainable urban development

 

Recent of news which impact price of The Housing and Urban Development Corporation Limited

In the Budget 2024, FM Sitharaman announced 2 crore new affordable houses, which is the fresh trigger for HUDCO shares. Even though HUDCO works at lower margins, it is a government-backed financial company and one of the major financial companies that deals in affordable housing. So, the market is responding to this budget proposal, and the rise in "HUDCO share price in the last two days has to be seen from this angle.

Impact on Price of The Housing and Urban Development Corporation Limited

Extending the post-budget rally on Friday, Housing and Urban Development Corporation (HUDCO) share price today climbed to a new lifetime high of ₹226.45 apiece on NSE. HUDCO share price today opened upside and went on to touch an intraday high of ₹226.45 apiece, logging over a 30 percent rise in the last two straight sessions. After the announcement of 2 crore new affordable houses in the Budget 2024, HUDCO share price witnessed a sharp upside move on Thursday and ended around 20 percent higher.

#hudco #News 

Apeejay Surrendra Park Hotels Limited I IPO I IPO GMP I Share Price

About Apeejay Surrendra Park Hotels Limited

Apeejay Surrendra Park Hotels Limited (ASPHL) is one of the leading hotel chains in India, with a network of contemporary luxury boutique hotels across the country. The company is part of the Apeejay Surrendra Group, a diversified conglomerate with over 90 years of experience in various industries.

History

Apeejay Surrendra Park Hotels Limited was incorporated in 1986 and launched its first hotel, The Park, in Kolkata in 1987. The company has since expanded its portfolio to include over 20 hotels in major cities and  tourist destinations across India. 

Brands

ASPHL operates under five distinct brands:

1. The Park

2. The Park Collection

3. Zone by The Park

4. Zone Connect by The Park

5. Stop by Zone

Apeejay Surrendra Park Hotels Strengths & weakness

Strengths: 

·         Established brand presence with a diversified portfolio

·         Experienced management team

·         Growing hospitality industry in India 

Weaknesses: 

·         Relatively small compared to bigger hotel chains 

·         High valuation 

·         Reliance on the Indian market 

Apeejay Surrendra Park Hotels Limited (ASPHL) Financials Analysis (as of March 31, 2022)

Financials:

· Revenue: ₹ 526 Cr (up 63% YoY)

· EBITDA: ₹ 140 Cr (up 141% YoY)

· EBITDA Margin: 26.6% (up from 15.7% YoY)

· PAT (Profit After Tax): ₹ 60 Cr (up 147% YoY)

· Debt-to-Equity Ratio: 0.27 (healthy level)

· Occupancy Rate: 50% (industry average is around 40%)

· Average Room Rate (ARR): ₹ 6,400 (up 22% YoY)

Positives:

· Strong revenue and profit growth, indicating a successful post-pandemic recovery.

·  Significant improvement in EBITDA margin, reflecting efficient cost management.

· Healthy debt-to-equity ratio suggests strong financial stability.

· Above-average occupancy rate demonstrates strong demand for their hotels.

· Increasing average room rate signifies pricing power and improved revenue potential.

Negatives:

· Relatively small revenue base compared to industry giants.

·  Limited geographical presence, concentrated mainly in India.

· Susceptible to fluctuations in the hospitality industry.

Competitors of Apeejay Surrendra Park Hotels Limited (ASPHL):

1.  Indian Hotels Company Limited (IHCL): IHCL is one of the largest hotel chains in India, with a portfolio of over 180 hotels across 80 destinations. It operates brands such as Taj Hotels, Vivanta, Ginger, and SeleQtions.

2. EITC Marriott Hotels: EITC Marriott Hotels is a joint venture between Marriott International and Emirates Trading Agency (ETA). It operates over 80 hotels across the Middle East and Africa under brands such as Marriott, Sheraton, Ritz-Carlton, and JW Marriott.

3.  The Oberoi Group: The Oberoi Group is a luxury hotel chain with over 30 hotels in India, the Middle East, and North Africa. It operates brands such as The Oberoi, Trident, and Vivanta by Taj.

4.  Radisson Hotel Group: Radisson Hotel Group is a global hotel chain with over 1,400 hotels in over 120 countries. It operates brands such as Radisson Blu, Park Inn by Radisson, and Country Inn & Suites by Radisson.

5.  Hilton Worldwide: Hilton Worldwide is a global hotel chain with over 6,600 hotels in over 118 countries. It operates brands such as Hilton Hotels & Resorts, Conrad Hotels & Resorts, and DoubleTree by Hilton.

6.  AccorHotels: AccorHotels is a global hotel chain with over 5,300 hotels in over 110 countries. It operates brands such as Sofitel, Novotel, Mercure, and Ibis

These are just a few of the many competitors that Apeejay Surrendra Park Hotels Limited  faces. The competitive landscape in the hotel industry is constantly evolving, and Apeejay Surrendra Park Hotels Limited  will need to continue to innovate and adapt in order to maintain its market share. 

Here are some additional factors that  Apeejay Surrendra Park Hotels Limited  will need to consider when competing with its rivals:

• Location: Apeejay Surrendra Park Hotels Limited  are primarily located in India, while some of its competitors have a wider global reach. This could give Apeejay Surrendra Park Hotels Limited  a competitive advantage in the Indian market, but it could also limit its growth potential in other parts of the world.
• Brand: Apeejay Surrendra Park Hotels Limited  brands are well-known in India, but they may not be as well-known in other countries. This could make it more difficult for Apeejay Surrendra Park Hotels Limited  to attract international guests.
• Price: Apeejay Surrendra Park Hotels Limited  are generally priced at a premium, which could make them less appealing to budget-conscious travelers. However, its focus on luxury amenities and experiences could justify the higher prices for some guests.
• Customer service: A Apeejay Surrendra Park Hotels Limited  is known for its excellent customer service, which could give it a competitive edge over some of its rivals.

The Apeejay Surrendra Park Hotels Limited  IPO is currently open for subscription, and it's definitely a hot topic in the Indian market. Here's what I can tell you about it:

IPO Details:

·         Issue Size: ₹920 Crore

·         Price Band: ₹147 - ₹155 per share

·         Offer Type: Book Building with Fresh Issue and Offer for Sale (OFS)

·         Open Date: February 5, 2024

·         Close Date: February 7, 2024

·         GMP (Grey Market Premium): ₹25 as of February 1, 2024

·         Listing Date: Expected February 12, 2024 on BSE and NSE

    #ipo #gmp #ApeejaySurrendraParkHotelsLimited #graymarketprice