Latest news with #HemangJani
Time of India
22-07-2025
- Business
- Time of India
Why did RIL's shares plummet despite analysts' positive projections?
Mumbai: Shares of Reliance Industries dropped over 3% on Monday as investors weighed the conglomerate's lower-than-expected Q1 earnings against analysts' positive outlook on stock after results. Stock ended at ₹1,428.6 on Monday, down 3.2%, capping gains in Sensex and Nifty, which ended 0.5% higher. "Reliance shares had recently rallied on expectations of strong quarterly results and a potential IPO announcement for its telecom business," said Sumit Pokharna, VP, fundamental research, Kotak Securities. "But, the management's clarification the IPO is deferred to next year had earlier led to some correction, and combined with results below Street estimates, we saw some profit-booking." The stock has gone up about 17% so far this year, against Nifty's 5.7% gains. PAT in June quarter stood at ₹30,681 crore, up 36.8% from January-March. Its revenues from operations stood at ₹2,48,660 crore, down 6% from previous quarter. It had recorded a one-time gain from selling its stake in Asian Paints for nearly ₹8,900 crore. Explore courses from Top Institutes in Select a Course Category Public Policy Design Thinking MBA Others Operations Management Technology Management Finance Data Science Leadership Healthcare Project Management Data Analytics Data Science Product Management Degree CXO others Cybersecurity MCA Digital Marketing healthcare Artificial Intelligence PGDM Skills you'll gain: Economics for Public Policy Making Quantitative Techniques Public & Project Finance Law, Health & Urban Development Policy Duration: 12 Months IIM Kozhikode Professional Certificate Programme in Public Policy Management Starts on Mar 3, 2024 Get Details Skills you'll gain: Duration: 12 Months IIM Calcutta Executive Programme in Public Policy and Management Starts on undefined Get Details Agencies Brokerages remain positive on company, with most retaining 'buy' and 'add' ratings post results. Price targets imply an upside of 8-19% from current levels. "We see 3 growth triggers for RIL in near term: scale-up of new energy business; Jio tariff hikes; and potential IPO/listing for Jio which has now been pushed beyond 2025," said Nomura. The stock may underperform in near term. "In absence of clear catalysts, stock may remain a laggard," said Hemang Jani, director at Finazenn. Jani said Q1 results for O2C and retail businesses were below market expectations, while telecom unit results were in line with expectations. ETMarkets WhatsApp channel )
Time of India
26-06-2025
- Business
- Time of India
PB Fintech block deal may stir short-term volatility, long-term story intact: Hemang Jani
"Talking specifically about PB Fintech , the stock has gone through a large correction over the last, let us say, about six-eight months or so, but as a concept we do like platform companies," says Hemang Jani , Independent Market Expert. Firstly, wanted to touch upon PB Fintech , that is one of the stocks that going to be in focus today. As per sources the block deal will be there wherein Yashish Dahiya likely to sell around 5 million shares at a price of Rs 1800. If you can give us some sense that how do you see this particular deal to happen, coming at this time wherein recently such deals were not taken that positively by the markets, case in point being Dixon Tech ? Hemang Jani: Yes, clearly, when the market sentiment is so good and when the indices are at all-time high or somewhere there actually, obviously there is going to be a temptation on the part of the promoters and some of the private equity investors to take out some profits off the table. And I do not see necessarily that as a bad thing, only thing is that the short run if the fund raise quantum is on a larger size, it could put some pressure on the liquidity, but not a bad thing per se in the current scenario. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Join new Free to Play WWII MMO War Thunder War Thunder Play Now Undo Talking specifically about PB Fintech, the stock has gone through a large correction over the last, let us say, about six-eight months or so, but as a concept we do like platform companies. We do think that going ahead something like PB Fintech or some of the other platform companies are better placed in the current scenario. So, not a short-term view there, but from 12 months or beyond I definitely think that PB Fintech will be one stock that one could definitely have because of the niche offering that they have in insurance and other related products. Yesterday on the show we were having a very interesting conversation where Nikunj was pointing out how the cement space has underperformed what Nifty has done in the last 10 years. If you take a look at it from a broader perspective, do you believe that cement has what it takes to outperform the Nifty going ahead? Hemang Jani: Cement is extremely well placed because of the underperformance that it had over the last two-three years. Most importantly, if you see at the industry level, there is a massive consolidation and there are two major players who have emerged. If you look at the numbers, I think operating profit per tonne across majority of the companies is looking quite strong and the fact that a crude price has actually come off to whatever they are at right now, surely will have some sort of a positive rub off. Live Events The only thing is that typically in the monsoon period there is a little bit of low activity, so this quarter per se in terms of volume growth may not be great, but from a 6 to 12 months perspective names like UltraTech , some of the southern companies because remember in south India the overall demand-supply situation is better and the pricing environment is much better, so something like Cement, Sagar Cement these are the better ones compared to some of the north or northwest based companies. So, defence stocks may be expensive, but looking at how the lay of the land and global war diplomacy and supremacy is changing, defence has a long way to go. Hemang Jani: I think the way the geopolitics has played out in the last, let us say, one year or so, there is going to be a massive budget that will be thrown at defence be it Eurozone, US of course, Middle East, India, China. So, definitely this theme is going to be very big and remember that while we are all talking about increased budget and all that, the Indian defence budget and the size of the Indian companies is not even $2 or $3 billion. I was looking at the data and some of the companies in Europe or US in terms in terms of their top line is about $40, $50, $60, billion. Theme is playing out very well both globally and in India. So, there are very few companies who have that kind of a product range to offer where there is a large part of which is going to be put out there. So, I definitely think that maybe Bharat Electronics , HAL , some of the private names in the defence are extremely well placed.
Economic Times
26-06-2025
- Business
- Economic Times
PB Fintech block deal may stir short-term volatility, long-term story intact: Hemang Jani
"Talking specifically about PB Fintech, the stock has gone through a large correction over the last, let us say, about six-eight months or so, but as a concept we do like platform companies," says Hemang Jani, Independent Market Expert. ADVERTISEMENT Firstly, wanted to touch upon PB Fintech, that is one of the stocks that going to be in focus today. As per sources the block deal will be there wherein Yashish Dahiya likely to sell around 5 million shares at a price of Rs 1800. If you can give us some sense that how do you see this particular deal to happen, coming at this time wherein recently such deals were not taken that positively by the markets, case in point being Dixon Tech? Hemang Jani: Yes, clearly, when the market sentiment is so good and when the indices are at all-time high or somewhere there actually, obviously there is going to be a temptation on the part of the promoters and some of the private equity investors to take out some profits off the table. And I do not see necessarily that as a bad thing, only thing is that the short run if the fund raise quantum is on a larger size, it could put some pressure on the liquidity, but not a bad thing per se in the current scenario. Talking specifically about PB Fintech, the stock has gone through a large correction over the last, let us say, about six-eight months or so, but as a concept we do like platform companies. We do think that going ahead something like PB Fintech or some of the other platform companies are better placed in the current scenario. So, not a short-term view there, but from 12 months or beyond I definitely think that PB Fintech will be one stock that one could definitely have because of the niche offering that they have in insurance and other related products. Yesterday on the show we were having a very interesting conversation where Nikunj was pointing out how the cement space has underperformed what Nifty has done in the last 10 years. If you take a look at it from a broader perspective, do you believe that cement has what it takes to outperform the Nifty going ahead? Hemang Jani: Cement is extremely well placed because of the underperformance that it had over the last two-three years. Most importantly, if you see at the industry level, there is a massive consolidation and there are two major players who have emerged. If you look at the numbers, I think operating profit per tonne across majority of the companies is looking quite strong and the fact that a crude price has actually come off to whatever they are at right now, surely will have some sort of a positive rub off. The only thing is that typically in the monsoon period there is a little bit of low activity, so this quarter per se in terms of volume growth may not be great, but from a 6 to 12 months perspective names like UltraTech, some of the southern companies because remember in south India the overall demand-supply situation is better and the pricing environment is much better, so something like Cement, Sagar Cement these are the better ones compared to some of the north or northwest based companies. ADVERTISEMENT So, defence stocks may be expensive, but looking at how the lay of the land and global war diplomacy and supremacy is changing, defence has a long way to go. Hemang Jani: I think the way the geopolitics has played out in the last, let us say, one year or so, there is going to be a massive budget that will be thrown at defence be it Eurozone, US of course, Middle East, India, China. So, definitely this theme is going to be very big and remember that while we are all talking about increased budget and all that, the Indian defence budget and the size of the Indian companies is not even $2 or $3 billion. I was looking at the data and some of the companies in Europe or US in terms in terms of their top line is about $40, $50, $60, billion. Theme is playing out very well both globally and in India. So, there are very few companies who have that kind of a product range to offer where there is a large part of which is going to be put out there. So, I definitely think that maybe Bharat Electronics, HAL, some of the private names in the defence are extremely well placed. (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
19-06-2025
- Business
- Time of India
Bharti Airtel outperforms; Vodafone Idea remains a value trap: Hemang Jani
"Some of the API companies have started doing well and Laurus in particular after subdued performance for more than one-and-a-half, two years, now it looks like the earnings growth could look much better with slew of launches," says Hemang Jani , Independent Market Expert. Just wanted to get your sense on this because of late Laurus Labs as a company, as a stock that has been doing decently okay in terms of recovery in their margins as well and along with that the stock price performance. But do you believe that this news flow can impact the stock and the company in any way? Hemang Jani: Yes, so some of the API companies have started doing well and Laurus in particular after subdued performance for more than one-and-a-half, two years, now it looks like the earnings growth could look much better with slew of launches. Even the API business per se is looking much better in terms of price and volume both. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Join new Free to Play WWII MMO War Thunder War Thunder Play Now Undo Only issue here is that if we have the news on the tariff on the pharma companies, then you may see a bit of a knee-jerk reaction like what we have seen in the past couple of days, but I do not think there is going to be any materially negative impact on the pharma companies per se. So, our preferred picks would be apart from Laurus Labs, I think Divi's is something that is looking quite interesting, even its business model, contract manufacturing side and the expansion which they have completed, but the large generic plays we are not too sure, something like Sun, Lupin we are avoiding at this point of time for want of further clarity on the tariffs. Live Events Do you sense that autos could finally tread back and maybe now catch up with the rest of the rate sensitives? Hemang Jani: Yes, I do think auto selectively should do better. On the rural side what we are hearing is that the traction should be much better and particularly when you enter into festive season you will see the kind of growth that one can really look at in the current scenario. So, we do like auto, but given the high base, it may not be across the board kind. So, Mahindra & Mahindra is something that we have been liking for their overall growth trajectory of 20-21%. Bajaj has corrected quite a lot and is trying to stabilise around these levels. The monthly numbers continue to be reasonably good with EV being at the higher growth trajectory for them. Export side they are going reasonably okay. So, some of the two-wheeler companies like Bajaj, maybe TVS, and Mahindra & Mahindra these are the names that we like. What will your view be on this metal counter, Vedanta ? Hemang Jani: So, I was saying that metal as a pack is very well placed given the trend in the base metal prices and listen names like Vedanta across majority of their products, be it the oil and gas, the aluminium, copper, zinc, even silver which is doing so well. So, they stand to benefit quite a lot. I am extremely positive on Vedanta, Hindalco which has consistently been doing well, so positive view on the metal companies at this point of time. Give us your sense on Vodafone Idea because yes, it has been one of those key underperformers, we are aware of the reasons, but one of its peers that Bharti Airtel of late a lot of these experts have been liking this stock. So, what is your sense on the telecom space and would you still prefer buying Bharti Airtel versus Vodafone Idea? Hemang Jani: Yes, absolutely. Overall, if you see, Bharti has been one of the best performing stocks, pure play digital and even if you compare their performance versus Jio, most of the parameters be it the ARPU growth, overall EBITA margins, overall growth in the profitability it has done much better, so no two ways about it, Bharti by far is the best play on the telecom. But I really want to play Idea at this point. See, people like a low price stock, particularly the retail investors, but last five years if you see hardly anybody has made money, creates a lot of excitement when you have some on the AGR, fundraise, or all kinds of things, but by and large it becomes a trap, even if you have a small uptake, so not tempted, I think things are not looking to clear on their balance sheet front or how the company is going to survive and more importantly whether they will have any strategy to stop the market share loss which they are seeing for the past many years, not comfortable buying into an Idea. What do you make of Jio Financials and this after the news that they have acquired that 7.9 crore equity of Jio Payment Bank from SBI? Hemang Jani: So, a lot of promise, lot of interesting developments happening on that front, but when I look at the market cap and the valuations, fact that this entire space is not going to be easy to navigate given the fact that on the financial services side you have very big companies to compete with. So, I am not somebody who wants to buy a company because it has a great promoter or pedigree. We should give more importance to the earnings trajectory even from a one- or two-year perspective. So, I am staying away from Jio Finance at this point.
Time of India
19-06-2025
- Business
- Time of India
IndusInd Bank may offer tactical gains, but long-term uncertainty persists: Hemang Jani
"The market would always have this phase where you see rotation. So at one point the banking was showing the leadership and let us say last about three to four months we had the entire pack of NBFCs doing well, but there is a bit of a pause post this RBI policy. So, our sense is that it as a pack people are turning positive because A) the earnings picture this quarter will better on the US front, we think that things would look better and discretionary spend will see a bit more uptake," says Hemang Jani, Independent Market Expert. Give a breakout or even a breakdown for that matter because they seem to be shrugging off all news. Hemang Jani: It is not a bad thing that you throw a bit of a pause or a time correction and the basic structure of our markets, the earnings picture, on the regulatory side we have lots of positive developments. The only issue at this point of time is that you have a bit of uncertainty because of the geopolitics, the crude prices going up a bit which eventually should cool off as we see more stability on the geopolitical front. So, not too worried about this pause as such. Flow's picture and the earnings trajectory from here on for next two-three quarters is positive and to my mind that would be a big trigger for the markets. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 23.7% Returns in last 5 years with Shriram Life's ULIP Shriram Life Insurance Undo But we are seeing a lot of these defensives now making a comeback. It has been doing well. Select FMCG counters are making a comeback. So, give us some sense that how do you see the other sectors participating and what is your take on FMCG and it as a pack. Hemang Jani: The market would always have this phase where you see rotation. So at one point the banking was showing the leadership and let us say last about three to four months we had the entire pack of NBFCs doing well, but there is a bit of a pause post this RBI policy. So, our sense is that it as a pack people are turning positive because A) the earnings picture this quarter will better on the US front, we think that things would look better and discretionary spend will see a bit more uptake. So, it definitely we are positive and we think that from a near-term perspective some pockets could do exceptionally well. FMCG, I am not a big fan of that space. You may see a bit of a move here and there bases either monsoon progress or some companies delivering reasonable numbers, but high valuations and the fact that there is nothing exciting about the growth, so we are not too excited by that. But cement be one space where we continue to be positive because we think that next one or two years we will see a significant up move in the margins trajectory as well as the earnings. Let us talk stocks and I want to talk about Trent. The company at their analyst day has set a very aspirational target of 25% long-term revenue growth. We have seen the way the stock has languished from those lofty levels that it was quoting at about six months back. From there, there has been a very-very steep correction. But do you think that they can actually head to that 25% revenue growth and what will move the stock price from here? Hemang Jani: The fact is that in the entire retail/discretionary spending, this is by far the leader and even when the overall consumer environment was not so good, this company could deliver either in the form of Zudio and even the other formats they have continued to deliver. So, market does not mind paying higher valuations for somebody who comes up with innovative concepts and is finally able to execute well. Live Events So, I do think that this company can definitely surprise you on the growth side with all these newer launches, etc. Not too much worried about valuations. It is a high beta stock. Sometimes on a bad day, it may correct 5%, 7%, 10%. But overall, extremely positive view on Trent. Within the retail space, we are seeing a renewed investor interest coming in because just yesterday we also saw a stock like DMart surging anywhere between 3% to 4% in a weak market and that was after their new expansion in Uttar Pradesh. Give us some sense that how do you see the stocks going ahead? What are the factors at play and at this point in time are the valuations comforting? Hemang Jani: So, DMart has started doing well in the last two months after almost underperformance for one, one-and-a-half years. But my feel is that even if they introduce certain categories and formats, the valuations continues to be on a much higher level for a growth which is 16-18%. You have quick commerce which can also disrupt some of these guys. So, not a big fan for buying something which is very expensive when it comes to DMart. But coming to the retail plays per se, we have a very strong positive bias. Eternal and Swiggy because we think that the competitive intensity is coming down and we will see better positive surprise on the margins and even on the gross volume front for these two companies. Do you think post all those issues on IndusInd Bank , you think it is all in the price now, the stock has corrected enough and does it become a buy at all? Hemang Jani: It is a bit difficult to say that because while most of the negatives are known and priced in, it remains to be seen as to who is appointed as a CEO, whether we have overall in terms of the new team being put in place and most importantly what kind of growth are we really looking at. And within banking, it is not as if that IndusInd is available very cheap, but you have many other banks in the tier II, tier III categories which are available at a similar without much of an uncertainty. So, I may be a buyer from a tactical point of view because of the kind of underperformance that IndusInd had, but certainly not very comfortable buying this for a longer term.
