Bajaj Finserv Ltd up for fifth session
Bajaj Finserv Ltd is up for a fifth straight session today. The stock is quoting at Rs 2034, up 0.38% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.34% on the day, quoting at 25389.45. The Sensex is at 83306.65, down 0.27%. Bajaj Finserv Ltd has risen around 1.05% in last one month.
Meanwhile, Nifty Financial Services index of which Bajaj Finserv Ltd is a constituent, has risen around 0.98% in last one month and is currently quoting at 27058.45, down 0.02% on the day. The volume in the stock stood at 6.26 lakh shares today, compared to the daily average of 16.95 lakh shares in last one month.
The benchmark July futures contract for the stock is quoting at Rs 2045.2, up 0.51% on the day. Bajaj Finserv Ltd is up 28.1% in last one year as compared to a 4.41% spurt in NIFTY and a 14.63% spurt in the Nifty Financial Services index.
The PE of the stock is 207.58 based on TTM earnings ending March 25.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
26 minutes ago
- Economic Times
Eternal Q1 Results Preview: PAT may fall up to 70% YoY amid margin hit. 5 things to watch out for
Eternal, which operates the food delivery platform Zomato, will announce its earnings on Monday, July 21. The company is expected to report a steep year-on-year decline in Q1 net profit, according to estimates from four brokerages. Losses from its quick commerce business are likely to weigh on the earnings, the estimates suggest. ADVERTISEMENT Previews from Nuvama Institutional Equities, JM Financial, ICICI Securities, and Kotak Institutional Equities have been taken into account. Here's what they said on these 5 key metrics: Brokerages expect Eternal's Q1FY26 profit after tax (PAT) to decline significantly on a year-on-year basis, largely due to continued losses in Blinkit and elevated costs in the Going Out business. - Nuvama pegs PAT at Rs 74.3 crore, down 71% YoY, but up 90% QoQ.- JM Financial estimates PAT at Rs 78 crore, down 69% YoY, up 101% QoQ.- ICICI Securities projects a more conservative figure of Rs 28 crore, down 89% YoY and 29% QoQ.- Kotak Institutional Equities expects PAT at Rs 31 crore, down 88% YoY and 21% QoQ. ADVERTISEMENT Eternal is expected to post robust top-line growth, led by strong momentum in Blinkit, Hyperpure, and steady demand in food delivery. 'We expect Q1FY26 revenue growth at 59% YoY, driven by 18% YoY growth in food delivery revenue (18% YoY GMV growth), 75% YoY growth in Hyperpure revenue, and 113% YoY growth in Blinkit revenue (124% YoY GMV growth),' Kotak said in a note. 'Rapid store additions (we model period-ending store count of 1,551) will drive Blinkit's growth.' ADVERTISEMENT - Nuvama forecasts revenue at Rs 6,596 crore, up 57% YoY, 13% QoQ.- JM Financial pegs it slightly higher at Rs 6,617 crore, up 57% YoY, 13% QoQ.- ICICI Securities is more bullish at Rs 7,081 crore, up 57% YoY, 14% QoQ. ADVERTISEMENT - Kotak Equities expects Rs 6,682 crore, up 59% YoY, 15% QoQ, with Blinkit GMV up 124% EBITDA is set to jump quarter-on-quarter due to operating leverage, higher losses in Blinkit and continued cost pressures in food delivery are expected to weigh on YoY performance.'We expect an EBITDA loss of Rs 180 crore for Blinkit, flat QoQ. A 10-bps margin improvement is likely from reduced competitive intensity. However, YoY EBITDA will still decline due to increased losses in Blinkit and Going Out businesses,' said Kotak. ADVERTISEMENT - Nuvama: Rs 165 crore, down 6.5% YoY, up 130% QoQ- JM Financial: Rs 168 crore, down 5.2% YoY, up 133% QoQ- ICICI Securities: Rs 201 crore, down 33% YoY, up 22% QoQ- Kotak Equities: Rs 130 crore, down 26.5% YoY, up 81% QoQ- Nuvama: 2.5%, down from 4.2% in Q1FY25, but up from 1.2% in Q4FY25- ICICI Securities: 2.8%, down 378 bps YoY, up 17 bps QoQ- Kotak Equities: 1.9%, down 227 bps YoY, up 71 bps QoQInvestors should closely track Blinkit's revenue contribution and margins, food delivery cost structure, GMV growth, margin recovery in Hyperpure, and management's commentary on store expansion plans and profitability timelines. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
36 minutes ago
- Time of India
JSW Paints seeks CCI nod to acquire Akzo Nobel India; plans 74.76% stake buy; aims to be 4th-largest paint firm
NEW DELHI: JSW Paints, led by Sajjan Jindal, has approached the Competition Commission of India (CCI) for approval to acquire a majority stake in Akzo Nobel India in a deal worth over Rs 12,915 crore. The move follows JSW's announcement to purchase a 74.76% stake in the Dutch paint major's India arm for Rs 8,986 crore. Additionally, they will initiate an open offer to purchase an extra 25% from the public market for up to Rs 3,929.06 crore, bringing the total investment to Rs 12,915 crore, positioning itself as the country's fourth-largest paint company, PTI reported. "The proposed transaction relates to the acquisition of up to 75% shareholding in the target (Akzo Nobel India Ltd) by the acquirer (JSW Paints Ltd) through a share purchase agreement, and a mandatory open offer," according to a notice submitted to the Competition Commission of India states. Both organisations have indicated that the proposed merger presents no competitive concerns in relevant markets, suggesting that market delineations can remain open. JSW Paints operates as part of the USD 23 billion JSW Group, a prominent Indian conglomerate with investments across various sectors including steel, cement, energy infrastructure, automotives and paints. Akzo Nobel India Ltd (ANIL) operates as a decorative and industrial paint manufacturer, affiliated with the Netherlands-based Akzo Nobel. In June, Akzo Nobel NV announced globally their agreement to transfer their shareholding in Akzo Nobel India to the JSW Group. The Dutch parent company confirmed that it will maintain full ownership of the India Powder Coatings business and International Research Centre, currently part of ANIL. JSW Paints, alongside group entities JTPM Metal Traders and JSW EduInfra, has announced plans to acquire the remaining 25.24% of ANIL shares from public shareholders for Rs 3,929.06 crore. This acquisition will strengthen JSW Group's presence in the paint sector, which they entered in 2019. Parth Jindal, Managing Director of JSW Paints, noted the rapid growth of India's paint sector and JSW Paints' swift expansion. "Akzo Nobel India is home to some of the most globally renowned brands of paints & coatings like Dulux, International and Sikkens. We are excited to welcome them to the JSW family. Together, along with the Akzo Nobel India family -- employees, customers and partners -- we aspire to build the paint company of the future," he said. In October 2024, Akzo Nobel NV initiated a strategic review of its South Asia portfolio to explore various options, such as partnerships, joint ventures, mergers, or divestments, with the aim of reallocating capital to strengthen its core coatings business. In FY25, the company reported revenue from operations of Rs 4,091.21 crore.
Time of India
37 minutes ago
- Time of India
Local rare-earth production to take time, govt support needed for EV sector: Kinetic Green CEO
Sulajja Firodia Motwani, Founder and CEO of Kinetic Green , has called for government intervention in the rare-earth materials issue, stating that while the Indian electric vehicle (EV) sector has managed to cope in the short term, it will face significant challenges ahead, as "it's not easy to change your product design and supply chain." Kinetic Green founder emphasised that it could take at least two to three years for the players in the automobile sector to localise the supply chain or adopt alternative technologies. "It will impact the industry if it's not solved because it's not easy to change your product design and supply chain. The EV sector is scrambling somehow to manage for the short run. But I think there has to be a government-to-government solution very soon in the medium term. Because it will take two to three years to try to localise the supply chain or change the technology altogether. So I think it's important that this is resolved," Sulajja Firodia Motwsaid during the unveiling event of the company's electric Luxury Golf & Lifestyle Cart in partnership with Tonino Lamborghini SpA of Italy. She further added, "We faced a similar situation in COVID on semiconductors; if you remember, the government did follow through and resolve it. I'm hopeful that something will emerge from this." She added that until the issue is solved, the company is working on developing alternative technologies to mitigate the adverse impact of such restrictions arising from global geopolitical moves. "But in the meantime, we are finding alternatives so that the business can continue, but it's not ideal to do that, and also maybe not everybody can. So it (restrictions on rare-earth material by China) will impact the sector," she added. The central government has earmarked ₹1,345 crore to incentivise rare earth magnets production in India. For context, early this April, China announced a decision to implement export controls on certain rare earth-related items, pushing a supply shortage across the world, including India. Meanwhile, India is in touch with the Chinese side, seeking predictability in the supply of rare earth metals -- which had been put under the export controls regime by the Xi administration. China's overwhelming control of global rare earth processing - commanding over 90 per cent of the world's magnet production capacity - has created significant vulnerabilities for industries worldwide. These materials are critical across multiple sectors, including automobiles, home appliances, and clean energy China, there are only a few alternative suppliers of critical minerals. The Union Cabinet in January 2025 approved the launch of the National Critical Mineral Mission (NCMM) with an expenditure of Rs 16,300 crore and an expected investment of Rs 18,000 crore by Public Sector Undertakings. Recently, Union Minister for Coal and Mines G Kishan Reddy said the central government is actively encouraging private companies to mine and explore critical minerals overseas and bring them back into the country to serve the needs of the domestic industry. Speaking on the incentives to the industry, Motwani said, "The government has to continue supporting the adoption of EVs. Once we come to, today we are at about 7-8 per cent EV. Once we come to 25-30 per cent EV, then we'll have critical mass on supply chain, on scale, and on ecosystem. "We have begun well, but we are far from done. The government must continue supporting the adoption of electric vehicles," she added. She further noted the resistance from traditional internal combustion engine (ICE) players who have vested interests in maintaining the status quo. "There is a large counterforce from existing ICE manufacturers who naturally want to protect their investments and may not wish to see EVs succeed. However, it's encouraging that the government remains focused. Schemes like EMPS and the PM-eBus Sewa, lower GST rates, ecosystem support, and a strong Make-in-India push should continue to drive demand and adoption," Kinetic Green founder asserted.
