Latest news with #AnandRathi
Mint
2 days ago
- Business
- Mint
Stock to buy for short term: Anand Rathi sees 16% upside in this beaten-down defense stock. Should you buy?
Shares of DCX Systems, a key player in the defence sector, have caught the attention of analysts at Anand Rathi, who foresee a potential sharp upside in the stock price. Despite recent weakness, the brokerage has issued a bullish call, forecasting a 16 percent gain in the near term based on a strong technical setup and improving momentum indicators. This article delves into the factors driving the optimism around DCX India and whether investors should consider adding it to their portfolios. According to Anand Rathi, DCX India is currently trading near a critical support zone between ₹ 275 and ₹ 280. This level aligns with a previous breakout area and the S3 monthly Camarilla pivot, marking a significant technical floor. The hourly Relative Strength Index (RSI) also sits in oversold territory, suggesting the stock may be forming a solid base in this range. Based on these signals, Anand Rathi recommended a long position in the ₹ 275-280 range, setting an upside target of ₹ 320 with a stop-loss below ₹ 257 on a closing basis. These technical indicators form the core rationale for the brokerage's bullish stance on DCX India. DCX India announced a fresh order worth ₹ 4.36 crore from a leading multinational company operating in defence, aerospace, space, and security sectors. The contract involves manufacturing and supplying special test equipment, consistent with terms laid out in the purchase agreement. Prior significant orders include contracts from Israeli defence firms ELTA Systems Ltd. ( ₹ 7.89 crore), Elbit Systems Ltd. ( ₹ 10.83 crore), and Rafael Advanced Defence Systems ( ₹ 5.04 crore), as well as domestic Indian clients ( ₹ 4.83 crore). These wins underscore DCX Systems' growing footprint as a key supplier of defence-grade electronic systems and cable harnesses for both international and domestic markets. DCX Systems reported a 26.3 percent decline in revenue for the quarter ending March 2025, falling to ₹ 549.96 crore from ₹ 746.2 crore in the year-ago period. Net profit also dropped by 37.2 percent to ₹ 20.7 crore. Earnings Before Interest and Tax (EBIT) declined 42.2 percent to ₹ 30 crore, with margins narrowing to 5.46 percent from 6.96 percent last year. For the full financial year, revenue fell 24 percent to ₹ 1,083.7 crore, missing the company's growth guidance of 35-40 percent. However, the consolidated order book stood at ₹ 2,855 crore as of March 31, 2025, marking a more than threefold increase from the previous year and a 32 percent rise compared to the second half of FY24. This surge in orders points to a strong pipeline despite recent revenue pressures. Over the past year, DCX India's stock price has dropped 24 percent, including a 10 percent decline in June after rallies in April and May. The current market price near ₹ 275 is approximately 39 percent below its 52-week high of ₹ 451.90 recorded in July 2024, indicating significant correction. The stock also touched a 52-week low of ₹ 200 in April 2025, reflecting volatility. Anand Rathi's bullish technical view suggests that this beaten-down stock may be poised for a rebound, potentially offering multibagger returns if momentum sustains. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
3 days ago
- Business
- Mint
Stock to buy under ₹100: Anand Rathi sees 18% upside in this NBFC share. Should you buy?
Shares of Capital India Finance Ltd (CIFL), a mid-tier non-banking financial company (NBFC), could be headed for a sharp upward move, according to a recent technical report by Anand Rathi. The brokerage has issued a bullish call on the counter, projecting an upside of 18 percent in the near term, supported by a favorable technical setup and improving momentum indicators. CIFL is currently trading near the ₹ 40 level, having recently corrected nearly 18 percent from its recent peak in the ₹ 44–45 zone. Anand Rathi highlighted that the stock has successfully tested the 61.8 percent Fibonacci retracement level, which closely aligns with the monthly S1 floor pivot. This convergence of support zones around the ₹ 38–40 band suggests a potential base formation, presenting a strong risk-reward trade opportunity. The brokerage has recommended accumulating the stock in the ₹ 38–40 range, with a target price of ₹ 46, implying an upside of over 18 percent from current levels. A stop-loss has been suggested at ₹ 35 on a daily closing basis, making the risk-reward ratio favourable for short-term traders. On the fundamental side, CIFL continues to show signs of stable growth. As per the company's March 2025 data, Assets Under Management (AUM) reached ₹ 10.04 billion, a 7 percent increase from ₹ 9.35 billion in March 2024. This milestone marks a key achievement in CIFL's journey as a focused lender to India's underserved micro, small and medium enterprise (MSME) segment. Of the total AUM, a significant 84 percent is secured lending, underscoring the company's cautious underwriting strategy. The remaining 16 percent constitutes unsecured loans. The company reported a net Non-Performing Asset (NPA) ratio of just 0.98 percent, indicating strong asset quality. Meanwhile, its Capital Adequacy Ratio stood at 36.08 percent, while the debt-to-equity ratio remained moderate at 1.06x, suggesting room for expansion without compromising financial stability. Commenting on the company's future plans, CEO Pinank Shah noted, 'The sale of Capital India Home Loans will help sharpen our focus on MSME lending. With a sound framework now in place, we expect to see results from FY26 onwards. Our aim is to grow our branch network to 100 locations over the next two years.' Capital India Finance has delivered strong returns over the past year, rising over 94 percent. The stock has rebounded well in recent months—gaining 11 percent in June alone, after a 21 percent rally in April. May was relatively muted with a 1 percent decline, but earlier months had seen weakness, with the stock falling 6.7 percent in March, 8.5 percent in February, and 3 percent in January. At current levels, CIFL remains well below the ₹ 100 mark, making it a notable pick in the under- ₹ 100 segment. For retail investors looking for NBFC exposure in a smallcap format, the combination of improving technical indicators and stable business performance may offer an attractive entry point.
Mint
3 days ago
- Business
- Mint
Stock to buy under ₹100: Anand Rathi sees 18% upside in this NBFC share. Should you buy?
Shares of Capital India Finance Ltd (CIFL), a mid-tier non-banking financial company (NBFC), could be headed for a sharp upward move, according to a recent technical report by Anand Rathi. The brokerage has issued a bullish call on the counter, projecting an upside of 18 percent in the near term, supported by a favorable technical setup and improving momentum indicators. CIFL is currently trading near the ₹ 40 level, having recently corrected nearly 18 percent from its recent peak in the ₹ 44–45 zone. Anand Rathi highlighted that the stock has successfully tested the 61.8 percent Fibonacci retracement level, which closely aligns with the monthly S1 floor pivot. This convergence of support zones around the ₹ 38–40 band suggests a potential base formation, presenting a strong risk-reward trade opportunity. The brokerage has recommended accumulating the stock in the ₹ 38–40 range, with a target price of ₹ 46, implying an upside of over 18 percent from current levels. A stop-loss has been suggested at ₹ 35 on a daily closing basis, making the risk-reward ratio favourable for short-term traders. On the fundamental side, CIFL continues to show signs of stable growth. As per the company's March 2025 data, Assets Under Management (AUM) reached ₹ 10.04 billion, a 7 percent increase from ₹ 9.35 billion in March 2024. This milestone marks a key achievement in CIFL's journey as a focused lender to India's underserved micro, small and medium enterprise (MSME) segment. Of the total AUM, a significant 84 percent is secured lending, underscoring the company's cautious underwriting strategy. The remaining 16 percent constitutes unsecured loans. The company reported a net Non-Performing Asset (NPA) ratio of just 0.98 percent, indicating strong asset quality. Meanwhile, its Capital Adequacy Ratio stood at 36.08 percent, while the debt-to-equity ratio remained moderate at 1.06x, suggesting room for expansion without compromising financial stability. Commenting on the company's future plans, CEO Pinank Shah noted, 'The sale of Capital India Home Loans will help sharpen our focus on MSME lending. With a sound framework now in place, we expect to see results from FY26 onwards. Our aim is to grow our branch network to 100 locations over the next two years.' Capital India Finance has delivered strong returns over the past year, rising over 94 percent. The stock has rebounded well in recent months—gaining 11 percent in June alone, after a 21 percent rally in April. May was relatively muted with a 1 percent decline, but earlier months had seen weakness, with the stock falling 6.7 percent in March, 8.5 percent in February, and 3 percent in January. At current levels, CIFL remains well below the ₹ 100 mark, making it a notable pick in the under- ₹ 100 segment. For retail investors looking for NBFC exposure in a smallcap format, the combination of improving technical indicators and stable business performance may offer an attractive entry point. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
News18
5 days ago
- Business
- News18
Sambhv Steel Tubes IPO Gets 30.33x Subscription, Retail Quota Subscribed 8.5x; Check GMP
The GMP of the Sambhv Steel Tubes IPO currently stands at 14.63%, indicating mild listing gains. Sambhv Steel Tubes IPO Day 3: The initial public offering (IPO) of Sambhv Steel Tubes Ltd has been closed today, Friday, June 27, 2025. The issue, which was opened on June 25 to raise Rs 540 crore, has received a strong response amid decent GMP. Here's the subscription status and GMP today. Till 5:00 pm on the final day of bidding on Friday, the IPO received a 30.33 times subscription, garnering bids for 1,40,13,19,920 shares as against the 6,58,69,293 shares on offer. The retail and NII participation stood at 8.56 times and 33.88 times, respectively. Its qualified institutional buyer (QIB) category got a 66.36 times subscription. The Sambhv Steel Tubes IPO received a 0.41x subscription on Day 1 and a 1.27x subscription on Day 2. The IPO consists of a fresh issue of equity shares worth Rs 440 crore and an offer for sale (OFS) of Rs 100 crore by the company's promoter and promoter group shareholders. Sambhv Steel Tubes IPO: Price Band and Lot Size The price band has been fixed at Rs 77 to Rs 82 per equity share of face value Rs 10 each. Investors can bid for a minimum of 182 equity shares and in multiples thereof. A discount of Rs 4 per equity share is being offered to eligible employees bidding in the reserved employee portion. Sambhv Steel Tubes IPO GMP Today According to market observers, the GMP of the IPO currently stands at 14.63%, indicating mild listing gains. The GMP is based on market sentiments and keeps changing. 'Grey market premium' indicates investors' readiness to pay more than the issue price. Sambhv Steel Tubes IPO Allotment And Listing Date The IPO allotment will be finalised on Monday, June 30. The equity shares will be listed on both the BSE and the National Stock Exchange (NSE) on July 2. Sambhv Steel IPO: Analysts' Recommendations Most brokerage firms have issued 'Subscribe' recommendations, with most advising investors to take a long-term view due to Sambhv Steel's backward integration, new capacity ramp-up, and strong product portfolio. They added that growth prospects and debt reduction post IPO offer a compelling long-term case. Anand Rathi Research Anand Rathi said Sambhv Steel Tubes benefits from operational efficiency, backward integration, and a strong distribution network, helping it produce value-added products at scale. 'The issue is valuing at P/E of 44 times to its annualized FY25 earnings, EV/EBITDA of 17 times. We believe that the IPO is fully priced and recommend a 'subscribe for long term' rating to the IPO," it said. SBI Securities According to SBI Securities, Sambhv Steel has ramped up its capacity in high-margin stainless steel products, which is likely to boost margins over the next few quarters. 'With ramp up in capacity utilization of CR coils (SS) and Pre-galvanized (GP) pipes expected over the next 2–4 quarters, margins are likely to expand," it said, recommending a 'subscribe' with a long-term horizon. BP Equities BP Equities flagged high valuations, noting that the IPO is priced at a steep 273 times FY25 annualized earnings, but sees merit in the company's future growth plans and debt-reduction strategy. 'It remains well-positioned for future growth, considering that it is the only player in this emerging segment with an intention to repay debt and invest in its subsidiary," the firm said while maintaining a 'subscribe for long term' rating. Canara Bank Securities Canara Bank Securities highlighted Sambhv Steel's integrated model, cost control, and focus on value-added products, stating these factors support a scalable growth path. 'While the valuations appear marginally premium, they are backed by the company's unique integration model, improving product mix, and a strong growth outlook," the brokerage said. Bajaj Broking Recommendation: Subscribe for long-term Bajaj Broking attributed the company's recent lower profitability to provisioning and depreciation costs due to new capacity additions. It expects net profits to rise once debt is reduced post IPO. 'Since the company will clear its debt to the tune of Rs 390 crore post IPO, it will lower its finance cost and translate into higher net profits," it said, assigning a 'subscribe for long term' call. Marwadi Financial Services Marwadi Financial Services views Sambhv Steel as well-positioned to benefit from rising demand for ERW pipes and values it attractively against peers. 'We assign 'subscribe' rating to this IPO as the company is well-positioned to take advantage of the growing demand for quality ERW steel pipes and tubes with its strong process innovation and execution capabilities," the note said. Kunvarji Finserv Kunvarji Finserv cited Sambhv Steel's consistent revenue growth, wide product portfolio, and expanding capacities as reasons for its recommendation. 'We recommend subscribing to this IPO with a medium to long-term view," it said, citing sectoral tailwinds and diversified offerings. Sambhv Steel Tubes IPO Proceeds As per the RHP, Sambhv Steel intends to use the net proceeds from the fresh issue primarily for pre-payment or scheduled repayment of certain outstanding borrowings, and the remaining amount will go towards general corporate purposes. Sambhv Steel Tubes IPO: Breakdown of Offer for Sale The Rs 100-crore OFS component includes shares offloaded by the following stakeholders: Rs 10 crore by Shashank Goyal (Promoter Selling Shareholder) Rs 10 crore by Rohit Goyal (Promoter Selling Shareholder) Rs 35 crore by Kaushlya Goyal (Promoter Group Selling Shareholder) Rs 10 crore by Harsheet Goyal (Promoter Group Selling Shareholder) Rs 35 crore by Rinku Goyal (Other Selling Shareholder) Sambhv Steel IPO: More Details The IPO is being offered through the book-building process in line with SEBI's Issue of Capital and Disclosure Requirements (ICDR) Regulations: Not more than 50% of the net offer will be allocated to qualified institutional buyers (QIBs). Up to 60% of the QIB portion may be allocated to Anchor Investors, with one-third reserved for domestic mutual funds. A minimum of 15% is reserved for Non-Institutional Bidders (NIIs). At least 35% is reserved for retail investors. A portion of the shares is also reserved for eligible employees, who will benefit from the Rs 4 discount. Sambhv Steel Tubes is one of the key manufacturers of electric resistance welded (ERW) steel pipes and structural tubes (hollow section) in India in terms of installed capacity as of March 31, 2024. According to a Crisil report, the demand for domestic steel pipes and tubes is expected to have grown at a compound annual growth rate (CAGR) of 5-6 per cent to 12.50-13.50 million tonnes per annum (MTPA) in FY25 from 8.8 MTPA in FY19. The growth was led by government initiatives to augment urban structural infrastructure and to infuse investments in the oil and gas sector. top videos View all Going forward, domestic steel pipe demand is projected to increase to 18.50-20.50 MTPA in FY29 at 8-9 per cent CAGR between FY25 and FY29 on a high base, the report added. Nuvama Wealth Management Limited and Motilal Oswal Investment Advisors Limited are the Book Running Lead Managers (BRLMs) to the issue. About the Author Mohammad Haris Haris is Deputy News Editor (Business) at He writes on various issues related to markets, economy and companies. Having a decade of experience in financial journalism, Haris has been previously More Stay updated with all the latest business news, including market trends, stock updates, tax, IPO, banking finance, real estate, savings and investments. Get in-depth analysis, expert opinions, and real-time updates—only on News18. Also Download the News18 App to stay updated! tags : initial public offering (IPO) IPO Location : New Delhi, India, India First Published: June 27, 2025, 09:59 IST News business » ipo Sambhv Steel Tubes IPO Gets 30.33x Subscription, Retail Quota Subscribed 8.5x; Check GMP
Economic Times
6 days ago
- Business
- Economic Times
HDB Financial Services IPO subscribed 1.66 times on Day 3; GMP rises to 8%
Live Events HDB Financial IPO details Should you subscribe to the HDB Financial Services IPO? HDB Financial Services IPO key dates (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The initial public offering (IPO) of HDB Financial Services was subscribed 1.66 times by 10:47 am on Friday, the third and final day of bidding. This compares to 1.16 times subscription at the end of Day of the latest update, the retail portion was subscribed 79%, the non-institutional investor (NII) segment at 4.01 times, and the qualified institutional buyer (QIB) category at 108%. The employee quota saw a 3.36 times subscription, while the shareholder reservation portion was subscribed 2.24 the grey market, HDB shares were trading at a premium of Rs 60–62, up from Rs 53–55 on Day 2. This implies a grey market premium (GMP) of around 8%, compared to 7% of the IPO launch, HDB Financial Services raised Rs 3,369 crore from anchor investors by allotting 4.55 crore shares at Rs 740 apiece—the upper end of the price public issue consists of a fresh equity issue worth Rs 2,500 crore and an offer for sale (OFS) of Rs 10,000 crore by HDFC Bank , which currently holds a 95.5% stake in the company. The price band has been fixed at Rs 700–740 per the upper end of the price band, the IPO values HDB Financial at 3.7 times its projected FY25 post-issue book value. Analysts consider the valuation reasonable, citing the company's operational strength and the backing of parent HDFC the upper end of the price band, HDB Financial's IPO values the company at 3.7 times its FY25 post-issue book value, a level analysts consider reasonable given its solid financial performance and the brand support from parent HDFC brokerage firms have issued 'Subscribe' ratings for the IPO. SBI Securities, Ventura Securities, and Anand Rathi highlighted the company's strong fundamentals, stable asset quality, and long-term growth potential as key its note, Ventura Securities stated, 'We believe the IPO is fairly priced given the company's improving profitability, robust risk management, and capital adequacy.'Anand Rathi echoed this view, commenting, 'The IPO offers an opportunity to invest in a high-quality, retail-focused NBFC that benefits from HDFC Bank's reach, reputation, and systems. The improving return ratios and earnings visibility make it a compelling long-term bet.'The IPO opened for subscription on June 25 and will close on June 27. The basis of allotment is expected to be finalized on June 30, with the listing scheduled for July 2 on the NSE and BSE.: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Economic Times)
