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Business Standard
a day ago
- Business
- Business Standard
360 One Wam rises 2% after posting Q1 results; what should investors do?
360 One Wam shares rose 1.7 per cent after the company released its Q1 results. The stock logged an intraday high at ₹1,226.75 per share on BSE. At 11:08 AM, 360 One Wam share price was trading 0.63 per cent higher at ₹1,212.7 per share on the BSE. In comparison, the BSE Sensex was down 0.64 per cent at 81,731.47. The company's market capitalisation stood at ₹49,022.03 crore. The 52-week high of the stock was at ₹1,317.25 per share, and the 52-week low of the stock was at ₹766.05 per share. CATCH STOCK MARKET LATEST UPDATES TODAY Should you buy 360 One Wam post Q1 results? Motilal Oswal reiterated 'Buy' call on the stock and raised its target price to ₹1,450 per share from ₹1,400. According to the brokerage, 360 One offers a compelling structural growth story anchored in India's expanding wealth and asset management market. The company continues to drive strong gross flows across both wealth and asset management, with a temporary blip due to raw material attrition, which is likely to be offset by the onboarding of new teams. Further, the recent acquisition of B&K and the UBS collaboration enhance the company's international footprint, broaden client access, and strengthen its transactional platform. Operating leverage and cost synergies from integrations are expected to improve profitability as new businesses scale, according to analysts at Motilal Oswal. JM Financial Institutional Securities has also maintained a 'Buy' but raised the target to ₹1,350 per share from ₹1,180 after the company's Q1 results were inline with brokerage's estimaites. 360 One Wam reported strong results, according to JM Financial. While Wealth Management (WM) business saw weak net inflows, management is confident of achieving 12 per cent inflows (as a percentage of opening AUM) for FY26. "With consolidation of ₹18,000 crore of ARR assets of B&K into wealth management business, wealth mangement ARR AUM grew ₹20,000 crore Q-o-Q to ₹1.95 trillion. Meanwhile, consolidation of UBS is largely expected in Q3FY26. Beyond its strong presence in UHNI segment, 360 One Wam has, over the last few quarters, expanded its offerings to corporate & institutional clients, HNIs and NRIs, strengthening its runway for growth," the brokerage note read. 360 One Wam Q1 results The company on Thursday, after market hours, reported a net profit of ₹287 crore for Q1FY26, up 18 per cent, from ₹243 crore a year ago. The company's total asset under management in Q1 rose 27.4 per cent year-on-year (Y-o-Y) to ₹6,63,924 crore as compared to ₹5,21,208 crore. This included ARR AUM of ₹2,87,317 crore and Transactional/Brokerage AUM of ₹3,76,607 crore. Under total AUM, Wealth Management ARR AUM rose 38 per cent year-on-year (Y-o-Y) to ₹1,94,773 crore supported by robust growth across segments. 360 One Plus proposition saw growth of 40 per cent Y-o-Y, while Distribution and Lending businesses grew by 38 per cent Y-o-Y and 19 per cent Y-o-Y respectively. In Q1 FY26, 360 One Wealth successfully onboarded 200+ families with more than ₹10 crore ARR AUM. Clients, having total AUM of ₹10 crore, stood at over 4,200 and account for 95 per cent of Wealth AUM (excl. custody). Meanwhile, asset management ARR AUM increased 16 per cent Y-o-Y to ₹92,544 crore mainly driven by growth in Private Equity which was up 23 per cent Y-o-Y, listed equity up 17 per cent Y-o-Y and customized multi-asset up 19 per cent Y-o-Y segments. Its total revenue grew only 4 per cent to ₹725 crore as compared to ₹697 crore a year ago.
Time of India
07-07-2025
- Business
- Time of India
Dixon Technologies gets B&K ‘buy' tag, sees 25% upside on electronics outsourcing tailwind
B&K Securities has initiated coverage on Dixon Technologies with a 'Buy' rating and a price target of Rs 18,946, implying a potential upside of nearly 25% from current levels. The brokerage sees the company as a key beneficiary of India's electronics manufacturing push and the accelerating global shift towards outsourcing. In its note, B&K said Dixon Technologies 'stands at the forefront of India's electronics manufacturing transformation' and is uniquely positioned to capitalise on domestic and global outsourcing opportunities. The company's continued scale-up in mobile and IT hardware, expansion into industrial electronic manufacturing services (EMS) and electric vehicles (EVs), and increasing original design manufacturing (ODM) share are expected to drive strong growth. Between FY25 and FY27, B&K estimates Dixon will deliver a 42% revenue compound annual growth rate (CAGR) and a 69% CAGR in profit after tax (PAT). The brokerage also expects Dixon to maintain a robust post-tax return on capital employed (RoCE) of around 30% by FY27. Factors such as a large total addressable market (TAM), government policy tailwinds like PLI schemes, rising export potential, and consistently strong return ratios support the bullish view, according to the report. Live Events Also Read: Street favourite! 10 BSE large-cap stocks analysts expect to rally up to 70% Dixon Technologies is one of India's leading EMS providers, catering to segments such as mobile phones, consumer electronics, lighting, home appliances, wearables, and IT hardware. With a strong focus on backward integration and capacity expansion, the company is seen as a key player in India's ambition to become a global electronics manufacturing hub. Dixon Technologies technical indicators From a technical standpoint, Dixon's Relative Strength Index (RSI) stands at 57.1, indicating neutral momentum. The stock is currently trading above its 5-day, 10-day, 20-day, 30-day, and 100-day simple moving averages, but remains below its 50-day, 150-day, and 200-day SMAs. Dixon shares have declined nearly 16% so far in 2025, but are still up about 20% over the past 12 months and over 250% in the last two years. The company currently has a market capitalisation of around Rs 91,926 crore. Also Read: 10 Nifty smallcap stocks analysts expect to rally up to 72% ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Economic Times
07-07-2025
- Business
- Economic Times
Dixon Technologies gets B&K ‘buy' tag, sees 25% upside on electronics outsourcing tailwind
B&K Securities has initiated coverage on Dixon Technologies with a 'Buy' rating and a price target of Rs 18,946, implying a potential upside of nearly 25% from current levels. ADVERTISEMENT The brokerage sees the company as a key beneficiary of India's electronics manufacturing push and the accelerating global shift towards outsourcing. In its note, B&K said Dixon Technologies 'stands at the forefront of India's electronics manufacturing transformation' and is uniquely positioned to capitalise on domestic and global outsourcing opportunities. The company's continued scale-up in mobile and IT hardware, expansion into industrial electronic manufacturing services (EMS) and electric vehicles (EVs), and increasing original design manufacturing (ODM) share are expected to drive strong growth. Between FY25 and FY27, B&K estimates Dixon will deliver a 42% revenue compound annual growth rate (CAGR) and a 69% CAGR in profit after tax (PAT). The brokerage also expects Dixon to maintain a robust post-tax return on capital employed (RoCE) of around 30% by such as a large total addressable market (TAM), government policy tailwinds like PLI schemes, rising export potential, and consistently strong return ratios support the bullish view, according to the report. Also Read: Street favourite! 10 BSE large-cap stocks analysts expect to rally up to 70% ADVERTISEMENT Dixon Technologies is one of India's leading EMS providers, catering to segments such as mobile phones, consumer electronics, lighting, home appliances, wearables, and IT hardware. With a strong focus on backward integration and capacity expansion, the company is seen as a key player in India's ambition to become a global electronics manufacturing a technical standpoint, Dixon's Relative Strength Index (RSI) stands at 57.1, indicating neutral momentum. The stock is currently trading above its 5-day, 10-day, 20-day, 30-day, and 100-day simple moving averages, but remains below its 50-day, 150-day, and 200-day SMAs. ADVERTISEMENT Dixon shares have declined nearly 16% so far in 2025, but are still up about 20% over the past 12 months and over 250% in the last two years. The company currently has a market capitalisation of around Rs 91,926 crore. Also Read: 10 Nifty smallcap stocks analysts expect to rally up to 72% (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Yahoo
14-05-2025
- Entertainment
- Yahoo
Pepper Art Auction to benefit Warren Family Mission
BAZETTA, Ohio (WKBN) — A local market is auctioning off spicy art for a good cause. B&K Farm Market on Elm Road is hosting a Pepper Art Auction. The idea for it stems from a duct-taped banana that sold for more than $6 million at an art auction last year. At B&K, a donation gets your name on a paper pepper and a chance at a $50 farm market gift card, plus what Deli Mike calls 'the spiciest art in town.' Every dollar donated is going to the Warren Family Mission. 'We just want to get the word out there so that we can get more action on it,' said B&K employee Mike Marshall. 'What a great fun idea, I mean it's pretty unique, draws some people in and helps us out with some fundraising,' said Warren Family Mission Director of Development Thomas Kiepper. The Pepper Art Auction will run at least through the end of the month. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
19-04-2025
- Climate
- Yahoo
Want to encourage pollinators to visit your garden? How you can attract Michigan's bees
As warm weather finally begins to filter into Michigan, gardeners may be wondering how they can welcome back pollinators with a bee-friendly garden. Filling your garden with native plants that attract the vital pollinators can help sustain the environment, according to gardening store Deneweth's. "As gardeners in Michigan, we have a unique opportunity to support our local ecosystems by planting native species. Native plants are not only adapted to our climate but also play a crucial role in supporting local wildlife, particularly pollinators like bees and butterflies," Deneweth's website says. While Easter weekend is forecast to be rainy and cool, temperatures in much of lower Michigan are expected to rebound into the 60s and even 70s in the coming week, which may prompt many people to hit the garden shops for plants. Picking the right plants for a Michigan garden can help threatened pollinators survive. Michigan's native bee species are under threat from a variety of sources, including development, pesticides, parasites, diseases and other factors. Experts have been urging people to take steps to increase numbers because bees are responsible for pollinating much of the food people eat. As of 2020, the U.S. Fish & Wildlife Service said, there were more than 70 species of pollinators listed as endangered or threatened. Here's what to know. Bees typically come out in the spring and stay active through the summer and fall, according to Save the Bee. Bees play a key role in the ecosystem and food supply, feeding on nectar and pollen from flowers, the U.S. Forest Service said. The pollinators have been in decline amid factors like climate change, habitat destruction and fragmentation, pesticides, invasive species and disease, according to the National Wildlife Federation, prompting renewed conservation efforts. Honeybees start to stir as early as March, according to B&K's Bees, but they may need help finding food. More: Hummingbirds are on the move. How long until they reach Michigan? "Make sure your hives have food, just because they are able to start finding some pollen does not mean there are any nectar sources quite yet, so they need sugar and they probably need it bad," B&K said. "March is a month where many beekeepers are tricked into thinking their hives have survived the winter, just to see them die out due to starvation." The U.S. Fish & Wildlife Service says bees are under threat from a variety of sources, including: Habitats that pollinators need in order to survive are shrinking. As native vegetation is replaced by roadways, manicured lawns, crops and non-native gardens, pollinators lose the food and nesting sites that are necessary for their survival. Remaining patches of prairie and meadow have become more disconnected. Invasive plants crowd out native ones, reducing food and shelter for pollinators. Disease-causing organisms — including viruses, fungi and bacteria — can spread from non-native to native pollinators. While pesticides can help control crop pests and invasive species, improper use can harm pollinators and other wildlife. Use pesticides only when necessary. Flowers are blooming earlier as temperatures warm, costing some pollinators the opportunity to feed. Some insects feed only on specific plants; if these blooms die before insects arrive, the insects go hungry and fewer plants get pollinated. Rising temperatures may be contributing to a decline in bumblebees. Numbers of North American bumblebees have fallen nearly 50% since 1974. Two species that come to life early in the year are bumblebees and miner bees. "Due to their larger size and fuzzy bodies, bumblebee queens are some of the first bees to emerge from their hibernation cavities," Milwaukee's Schlitz Audubon Nature Center said. "In early spring, you might notice a frenetic buzzing over bare patches in your garden. Look a little closer and you will likely see mining bees. Mining bees are solitary insects that sometimes nest in large aggregations." To get started on planting your bee-friendly garden, aim for a diverse range of flowering plants, including native plants, the Michigan Pollinator Initiative at Michigan State University said. More: Where are Michigan's spring festivals? Where to enjoy blooms, music, outdoors Bee-friendly plants, according to The Nature Conservancy, Beverly Bees, Heritage Conservancy, Michigan Pollinator Initiative and Deneweth's include: Native wildflowers: black-eyed Susan, American lotus, blazing star, marsh marigold, Culver's root, wild bergamot, prairie smoke, New England aster, bladderwort, wild columbine, common trillium, bloodroot, wild lupine Trees: black cherry, red maple, black locust, willow, silky dogwood, eastern redbud, American wild plum, basswood, winged sumac, blackgum Fruits: blueberry, apple, raspberry, tomato, watermelon, strawberry, blackberry Herbs: basil, sage, thyme, oregano, mint Shrubs: elderberry, blackhaw, serviceberry, buttonbush, winterberry Flowers: sunflower, tulip, rose, cornflower Vegetables: cucumber, pumpkin, broccoli, squash Michigan is home to more than 400 bee species, the MSU Extension said. Common bee species in Michigan, according to the Michigan Pollinator Initiative, include: Bumblebees Cuckoo bees Carpenter bees Honey bees Dark sweat bees Long-horned bees Miner bees Cuckoo bees Green sweat bees Keep these tips from Home Depot, Gardeners' World and Flow Hive in mind to cultivate a bee-friendly environment in your garden: More: Lyrid meteors to light up night sky over Michigan. How to watch the show Avoid pesticides or use organic-approved pesticides Plant shrubs and trees Set up a bee box or bee nest in your garden or yard Reduce weeding, leave parts of your yard natural Maintain multiple water sources for your garden Provide tired bees a sugar water mixture Contact Jenna Prestininzi: jprestininzi@ This article originally appeared on Detroit Free Press: How to build a bee-friendly garden in Michigan this spring
