Latest news with #Brokerages'
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Business Standard
a day ago
- Business
- Business Standard
What to do with Asian Paints shares post Q1? Brokerages suggest
Asian Paints shares rose 1.7 per cent in trade on Wednesday (July 30, 2025), logging an intra-day high at ₹2,442.7 per share on BSE. In two days, the stock rose 3 per cent after reporting its Q1 results. Around 10:45 AM, Asian Paints share price was up 1.68 per cent at ₹2,442 per share. In comparison, Sensex was flat at 81,341.45. Asian Paints Q1 results Asian Paints' results were in line with the Street's estimate. In Q1, the paint company saw its net profit fall by 6 per cent to ₹1,100 crore, as compared to ₹1,169.98 crore a year ago. During the quarter, the company's net sales stood at ₹8,939 crore, a decline of 0.3 per cent. The company stated that the industry witnessed a marginal improvement in demand from urban centres, despite the monsoons slowing momentum in June. Sales from the Industrial Business increased by 8.4 per cent to Rs 736.1 crore, up from Rs 679.1 crore, driven by growth in the Asian markets, as well as in the UAE and Egypt, the company said in its earnings release. Its PBIDT (profit before interest, depreciation, and tax) stood at Rs 1,854 crore, down 1.7 per cent. Check List of Q1 results today Brokerages' view on Asian Paints Nomura has maintained a 'Neutral' rating and has increased the target price to ₹2,285 per share from ₹2,200. "The stock trades at 0.5 SD lower than its 10-year average, but given the heightened competitive intensity, we still think it is not yet out of the woods," the brokerage note read. Motilal Oswal reiterated a 'Neutral' rating on Asian Paints with a target of ₹2,500 per share. The brokerage remains cautious on Asian Paints' value growth and margin for FY26. The stock, according to analysts, has not performed well on a year-to-date (Y-T-D) basis, up by a mere 4 per cent, as demand and competitive pressure still hover around earnings. ICICI Securities maintained 'Add' for a target of ₹2,700 per share. The brokerage believes that since Asian Paints is the only player with backward integration, it can either expand margins or boost market share by passing on cost benefits. It is also increasing investments in Nilaya and the super-premium/luxury segment.
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Business Standard
2 days ago
- Business
- Business Standard
IndusInd Bank rises 2% on posting Q1 results; Should you buy, sell or hold?
IndusInd Bank Q1 results review: IndusInd Bank shares rose 2 per cent in trade on Tuesday (July 29, 2025), logging an intra-day high at ₹819 per share on BSE after posting Q1 results. Around 9:25 AM, IndusInd Bank share price was up 1.73 per cent at ₹816.05 per share. In comparison, Sensex was down 0.07 per cent at 80,836.48. IndusInd Bank released its first quarter ended June 2025 (Q1FY26) numbers on Monday, after market hours. Even though brokerages maintained their stance on IndusInd Bank stock, they saw asset quality deterioration, lower fee income, and subdued net interest margin (NIM) as issues that persisted in Q1. This was after, in the previous quarter (Q4FY25), the bank reported discrepancies in the derivatives and microfinance segments. IndusInd Bank Q1 results IndusInd Bank reported a 72 per cent year-on-year (Y-o-Y) decline in net profit to ₹604 crore in Q1FY26, as compared to ₹2,170.79 crore. The bank's net interest income (NII) declined 14 per cent Y-o-Y during the April-June period to ₹4,640 crore due to a shrinking loan book. Sequentially, NII was up 52 per cent. Other income was down 12 per cent Y-o-Y to ₹2,157 crore. The private sector lender's NIM declined 79 basis points (bps) Y-o-Y to 3.46 per cent, but increased 121 bps sequentially. Provisions and contingencies of the lender increased 68 per cent Y-o-Y to ₹1,760 crore in Q1FY26, but sequentially, it was down 30 per cent. The bank reported fresh slippages to the tune of ₹2,567 crore in the quarter, with ₹2,322 crore. In the previous quarter, the bank's fresh slippages were ₹5,014 crore. As a result, the bank's asset quality deteriorated, with gross non-performing assets (NPA), as a percentage of gross advances, increasing to 3.64 per cent at the end of June quarter, compared to 3.13 per cent at the end of March quarter. Brokerages' view on IndusInd Bank Nuvama Institutional Equities has reiterated a 'Reduce' rating on with a target price of ₹600 per share as it sees the risk-reward as unfavourable with the bank's return on asset (RoA) unlikely to get close to 1 per cent through FY27. Global brokerage Citi has maintained a 'Sell' rating with a target of ₹765 per share, according to reports. The brokerage sees earnings reset in progress. It believes slippages have normalised after a one-off in Q1, but still are elevated. Weaker growth and higher credit cost were partially offset by better NIM and treasury gains. Macquaire has reiterated an 'Underperform' rating with a target of ₹650 per share. For the brokerage, RoA less than 1 per cent looks like the new normal. Meanwhile, Bernstein maintained 'Outperform' on the stock with a target of ₹1,000 per share, according to reports. The brokerage sees a lack of clear levers for the near-term in RoA, which may prompt a reassessment of IndusInd Bank's profitability. Analysts at Motilal Oswal continued with a 'Neutral' rating, but raised the target to ₹830 per share from ₹800. The brokerage also raised its earnings estimates slightly by 2.6 per cent/2.3 per cent for FY26/FY27, as it sees signs of recovery in operating metrics post Q4 reset. It projects the bank's RoA at 0,7 per cent and return on equity (RoE) at 6.4 per cent in FY27.
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Business Standard
22-07-2025
- Business
- Business Standard
Recently listed stock is up 82% vs issue price in 3 weeks; time to sell?
Sambhv Steel Tubes share price today: Shares of Sambhv Steel Tubes have surged 16 per cent to ₹149, its highest level since listing, on the BSE in Tuesday's intra-day trade amid heavy volumes. The stock of iron & steel products company has zoomed 82 per cent against the issue price of ₹82 per cent. Sambhv Steel Tubes made its market debut on July 2, 2025. At 01:07 PM, the stock was quoting 9 per cent higher at ₹140.56, as compared to 0.08 per cent rise in the BSE Sensex. A combined 53.04 million equity shares have changed hands on the NSE and BSE. Q1FY26 results on July 24, 2025 Sambhv Steel Tubes informed that the board of directors of the company is scheduled to be held on Thursday, July 24, 2025, to inter alia consider the unaudited standalone and consolidated financial results of the company for the quarter ended June 30, 2025. Q1FY26 sales volume update Sambhv Steel Tubes witnessed strong growth in its sales, particularly in pre-galvanised (GP) coils and pipes and stainless steel coils product category, highlighting continued progress in its strategic focus on high-value product offerings. In April to June quarter (Q1FY26), the company's value-added products volume jumped 47 per cent year-on-year (Y-o-Y) at 79,717 tons, against 54,267 tons in Q1FY25. Intermediate products rose 70 per cent to 12,989 tons from 7,641 tons in the previous year quarter. Brokerages' view on Sambhv Steel Tubes Sambhv Steel Tubes is strategically positioned to capitalise on India's infrastructure boom, driven by initiatives such as the Jal Jeevan Mission and Amrit Bharat scheme. As a backwards-integrated player with consistent financial growth, efficient strategic sourcing, and ongoing expansion plans, the company is well-poised for long-term value creation, Geojit Investments said in IPO note. Various projects and schemes initiated by the central government and state governments have been driving the demand for steel pipes in India. The demand for domestic steel pipes and tubes is projected to increase to 18.50-20.50 MTPA in FY2029 at 8-9 per cent compounded annual growth rate (CAGR) during the period between FY2025 and FY2029 on a high base. Backed by fully integrated operations and in-house manufacturing capabilities, the company is well-positioned to capitalise on this sectoral growth. While there may be short-term pressure on margins, the company's ongoing expansion and favourable industry dynamics point to strong long-term growth potential, said Choice Equity Broking in IPO note. About Sambhv Steel Tubes 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. The company's backward integration process allows it to manufacture a range of finished products including ERW black pipes and tubes (hollow section), cold rolled full hard (CRFH) pipes, pre-galvanized (GP) pipes, galvanized iron (GI) pipes and steel door frames, using intermediate products such as sponge iron, blooms/slabs and hot rolled (HR) coil, cold rolled (CR) coil (mild steel) and GP coils which are manufactured in-house.
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Business Standard
22-07-2025
- Business
- Business Standard
Recently listed IPO soars 16%; zooms 82% against issue price in 3 weeks
Sambhv Steel Tubes share price today: Shares of Sambhv Steel Tubes have surged 16 per cent to ₹149, its highest level since listing, on the BSE in Tuesday's intra-day trade amid heavy volumes. The stock of iron & steel products company has zoomed 82 per cent against the issue price of ₹82 per cent. Sambhv Steel Tubes made its market debut on July 2, 2025. At 01:07 PM, the stock was quoting 9 per cent higher at ₹140.56, as compared to 0.08 per cent rise in the BSE Sensex. A combined 53.04 million equity shares have changed hands on the NSE and BSE. Q1FY26 results on July 24, 2025 Sambhv Steel Tubes informed that the board of directors of the company is scheduled to be held on Thursday, July 24, 2025, to inter alia consider the unaudited standalone and consolidated financial results of the company for the quarter ended June 30, 2025. Q1FY26 sales volume update Sambhv Steel Tubes witnessed strong growth in its sales, particularly in pre-galvanised (GP) coils and pipes and stainless steel coils product category, highlighting continued progress in its strategic focus on high-value product offerings. In April to June quarter (Q1FY26), the company's value-added products volume jumped 47 per cent year-on-year (Y-o-Y) at 79,717 tons, against 54,267 tons in Q1FY25. Intermediate products rose 70 per cent to 12,989 tons from 7,641 tons in the previous year quarter. Brokerages' view on Sambhv Steel Tubes Sambhv Steel Tubes is strategically positioned to capitalise on India's infrastructure boom, driven by initiatives such as the Jal Jeevan Mission and Amrit Bharat scheme. As a backwards-integrated player with consistent financial growth, efficient strategic sourcing, and ongoing expansion plans, the company is well-poised for long-term value creation, Geojit Investments said in IPO note. Various projects and schemes initiated by the central government and state governments have been driving the demand for steel pipes in India. The demand for domestic steel pipes and tubes is projected to increase to 18.50-20.50 MTPA in FY2029 at 8-9 per cent compounded annual growth rate (CAGR) during the period between FY2025 and FY2029 on a high base. Backed by fully integrated operations and in-house manufacturing capabilities, the company is well-positioned to capitalise on this sectoral growth. While there may be short-term pressure on margins, the company's ongoing expansion and favourable industry dynamics point to strong long-term growth potential, said Choice Equity Broking in IPO note. About Sambhv Steel Tubes 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. The company's backward integration process allows it to manufacture a range of finished products including ERW black pipes and tubes (hollow section), cold rolled full hard (CRFH) pipes, pre-galvanized (GP) pipes, galvanized iron (GI) pipes and steel door frames, using intermediate products such as sponge iron, blooms/slabs and hot rolled (HR) coil, cold rolled (CR) coil (mild steel) and GP coils which are manufactured in-house.
Business Standard
22-07-2025
- Business
- Business Standard
Recently listed stock soars 16%; zooms 82% against issue price in 3 weeks
Sambhv Steel Tubes share price today: Shares of Sambhv Steel Tubes have surged 16 per cent to ₹149, its highest level since listing, on the BSE in Tuesday's intra-day trade amid heavy volumes. The stock of iron & steel products company has zoomed 82 per cent against the issue price of ₹82 per cent. Sambhv Steel Tubes made its market debut on July 2, 2025. At 01:07 PM, the stock was quoting 9 per cent higher at ₹140.56, as compared to 0.08 per cent rise in the BSE Sensex. A combined 53.04 million equity shares have changed hands on the NSE and BSE. Q1FY26 results on July 24, 2025 Sambhv Steel Tubes informed that the board of directors of the company is scheduled to be held on Thursday, July 24, 2025, to inter alia consider the unaudited standalone and consolidated financial results of the company for the quarter ended June 30, 2025. Q1FY26 sales volume update Sambhv Steel Tubes witnessed strong growth in its sales, particularly in pre-galvanised (GP) coils and pipes and stainless steel coils product category, highlighting continued progress in its strategic focus on high-value product offerings. In April to June quarter (Q1FY26), the company's value-added products volume jumped 47 per cent year-on-year (Y-o-Y) at 79,717 tons, against 54,267 tons in Q1FY25. Intermediate products rose 70 per cent to 12,989 tons from 7,641 tons in the previous year quarter. Brokerages' view on Sambhv Steel Tubes Sambhv Steel Tubes is strategically positioned to capitalise on India's infrastructure boom, driven by initiatives such as the Jal Jeevan Mission and Amrit Bharat scheme. As a backwards-integrated player with consistent financial growth, efficient strategic sourcing, and ongoing expansion plans, the company is well-poised for long-term value creation, Geojit Investments said in IPO note. Various projects and schemes initiated by the central government and state governments have been driving the demand for steel pipes in India. The demand for domestic steel pipes and tubes is projected to increase to 18.50-20.50 MTPA in FY2029 at 8-9 per cent compounded annual growth rate (CAGR) during the period between FY2025 and FY2029 on a high base. Backed by fully integrated operations and in-house manufacturing capabilities, the company is well-positioned to capitalise on this sectoral growth. While there may be short-term pressure on margins, the company's ongoing expansion and favourable industry dynamics point to strong long-term growth potential, said Choice Equity Broking in IPO note. About Sambhv Steel Tubes 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. The company's backward integration process allows it to manufacture a range of finished products including ERW black pipes and tubes (hollow section), cold rolled full hard (CRFH) pipes, pre-galvanized (GP) pipes, galvanized iron (GI) pipes and steel door frames, using intermediate products such as sponge iron, blooms/slabs and hot rolled (HR) coil, cold rolled (CR) coil (mild steel) and GP coils which are manufactured in-house.
