GAGA Share Market News

[hfe_template id='11223'] [ad_1] Waaree Energies' shares fell 2% after Kotak Institutional Equities initiated coverage with a 'Sell' rating and set a target price of Rs 2,550, suggesting a potential downside of 6.5% from the previous closing price of Rs 2,724. "We initiate coverage on Waaree Energies with a 'Sell' rating and a DCF-based fair value of Rs 2,550, implying 13.1X March 2027E EPS," the brokerage firm said. Kotak expects Waaree to see a 12% compound annual growth rate (CAGR) for its module capacity, which is expected to reach 40 GW by 2035. Additionally, Kotak projects a 14% volume CAGR for Waaree’s modules until FY2035, driven by strong capacity addition and utilization rates. Waaree, the largest domestic solar module manufacturer in India with an 18% market share, is poised to expand rapidly. Kotak expects the company to reach 19.3 GW module, 11.4 GW cell, and 6 GW wafer capacity by 2027. Vertical integration, Kotak notes, should...

[hfe_template id='11223'] [ad_1] Shares of aviation major IndiGo will be in focus today as the company will announce its second quarter results on Friday. The airline is likely to report subdued numbers with the company likely slipping back into the losses in the second quarter ended September 2024. While Kotak Equities and Motilal Oswal peg the loss for the company anywhere between Rs 236 and Rs 680 crore, Nuvama is expecting the budget airline to report a PAT of around Rs 107 crore. IndiGo had reported a net profit of Rs 189 crore in the September quarter of last year and a profit of Rs 2728 crore in the preceding June quarter. Net sales, meanwhile, are seen rising 5% year-on-year during the second quarter under review, according to an average estimate of four brokerages. Kotak Equities expects a 8% YoY change in passenger count in the quarter and lower YoY load factor at 83%. It sess RASK less CASK (excludes other income and forex) at loss of Rs 0.26 per ASK, against ...

[hfe_template id='11223'] [ad_1] Shares of two-wheeler major Bajaj Auto are expected to remain in focus ahead of the company's Q2FY25 earnings due to be announced later today. The company which is synonymous with brands like Pulsar, Avenger and Chetak is likely to report a 24%-29% year-on-year growth in its September quarter revenue led by a robust uptick in volumes and increase in the average selling price (ASP) of the vehicle, according to estimates of four brokerages. The revenue in the reporting quarter is expected in a range of Rs 13,336 crore and Rs 13,545 crore. The YoY net profit (adjusted) growth for Bajaj Auto is likely to be at 22%-24%, estimates revealed, putting the profit after tax in the range of Rs 2,246 crore and Rs 2,275 crore. The estimates taken into account are by Kotak Institutional Equities, Nuvama Institutional Equities, Yes Securities and Axis Securities. The revenue estimates are highest for Kotak Equities while lowest for Axis. As for PAT, ...

[hfe_template id='11223'] [ad_1] HDFC Bank surged nearly 3% to Rs 1,650.7 in Monday's trade on BSE after the country's top private lender reported a standalone net profit of Rs 16,175 crore for the quarter ended June 30, 2024, which was up by 35% over Rs 11,952 crore reported by the bank in the year-ago period. However, it was down by 2% sequentially versus Rs 16,512 crore reported in Q4FY24. The interest earned by the largest private lender stood at Rs 73,033 crore in the reported quarter versus Rs 48,587 crore in the corresponding quarter of the previous financial year. It was up by 50% on the YoY basis. The interest expended by HDFC in the said quarter stood at Rs 43,196 crore which was up from Rs 24,988 crore which was an uptick of 73% on the YoY basis. HDFC Bank's net interest income for the reported quarter grew 26.4% to Rs 29,840 crore from Rs 23,600 in the quarter ended June 30, 2023. Provisions and contingencies in the April-June period stood at Rs 2...