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Business Standard
21-07-2025
- Business
- Business Standard
Brokerages remain divided on RBL Bank after Q1 result; check recommendation
RBL Bank shares slipped 3.2 per cent, logging an intraday low at ₹254.7 per share on BSE. The selling pressure on the counter came after the company posted Q1 results. At 11:19 AM, RBL Bank share price was trading 1.65 per cent lower at ₹258.8 per share on the BSE. In comparison, the BSE Sensex was up 0.48 per cent at 82,148.37. The company's market capitalisation stood at ₹15,765.65 crore. The 52-week high of the stock was at ₹272.9 per share, and the 52-week low of the stock was at ₹146 per share. What should investors do with RBL Bank shares post Q1FY26 results? Motilal Oswal has maintained a 'Buy' with a target price of ₹290 per share. According to the brokerage, the bank reported a beat on earnings, with margins sharply moderating due to the repo rate cuts. Deposits grew 2 per cent quarter-on-quarter (Q-o-Q), with the current account savings account (CASA) ratio moderating to 32.5 per cent. Advances also increased 2 per cent Q-o-Q, with the bank expecting it to grow in the mid-teens, with a mid-to-high teen growth in wholesale advances. Post the results, Motilal Oswal fine-tuned its earnings per share (EPS) estimates and projected an FY27E return on asset/ return on equity (RoA/RoE) of 1.07 per cent/11.4 per cent. Incred Equities has also iterated 'Add' with an upward revision in target to ₹290 per share from ₹260. The brokerage believes that moderating the microfinance institutions (MFI) Special Mention Account (SMA) book is comforting and improves visibility of 200 basis points (bp) credit costs for FY26F. However, ICICI Securities has downgraded RBL Bank to 'Hold' from 'Add' with a revised target to ₹250 from ₹210. "RBL Bank reported a weak Q1 performance, with a sharp 40 bps Q-o-Q decline in net interest margin (NIM), double-digit drop in net interest income (NII), and no improvement in slippages (new bad loans)," the brokerage note read. Check List of Q1 results today RBL Bank Q1 results The bank posted a 46 per cent year-on-year (Y-o-Y) decline in its net profit to ₹200 crore for the quarter ended June 30, 2025, compared to ₹371.5 crore a year ago. The Net Interest Income (NII) of the lender fell 13 per cent Y-o-Y to ₹1,481 crore from ₹1,700 crore, and declined 5 per cent sequentially from ₹1,563 crore in the March 2025 quarter. Net Interest Margin (NIM) for the quarter stood at 4.50 per cent, as compared to 4.89 per cent in Q4FY25, and 5.67 per cent in the year-ago period. Other income of the bank rose by 33 per cent to ₹1,069 crore during the quarter, against ₹805 crore in the same period last year. In Q4FY25, other income stood at ₹1,000 crore.
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Business Standard
07-07-2025
- Business
- Business Standard
Stocks to buy: Axis Bk, NTPC among high conviction picks by Incred Equities
Stocks to buy, July 2025: In the first half of the calendar year 2025 (H1CY25), Sensex and Nifty delivered around 7 per cent returns, despite looming trade tariffs worries and geopolitical tensions between Iran and Israel. Broader market indices mirrored the headline index and also provided investors with positive returns in the same period. In H1CY25, the Nifty Midcap 100 has gained 4 per cent, while the Nifty Smallcap rose 0.39 per cent. Given this, domestic brokerage Incred Equities remains cautious about Indian equities and prefers selected stocks for good yields. Market outlook According to the brokerage, a good monsoon so far has helped kharif crop sowing, which has risen by 11 per cent year-on-year (Y-o-Y). India received above-normal southwest monsoon rainfall in June 2025, with cumulative precipitation being 8.9 per cent higher than the long-period average (LPA). The pick-up in rain momentum in the later part of the month helped the monsoon to cover the entire country, nine days ahead of the normal date of coverage. This marked the earliest full coverage since 2020. In May 2025, system loan growth moderated across most segments to 9.5 per cent Y-o-Y. The most impacted were large corporate loans (down 1 per cent) and consumer durable loans declining by 4 per cent (Y-o-Y). The growth in India's industrial production moderated to a nine-month low of 1.2 per cent in May 2025 owing to a slowdown in manufacturing growth along with a contraction in the mining and electricity sectors. The consumer non-durables sector contracted 2.4 per cent, the fourth consecutive month of contraction, on a relatively low base. Meanwhile, in the quarter ended June 2025, new investment proposals in India stood at just ₹4 trillion, a 70 per cent quarter-on-quarter (Q-o-Q) dip but a 38 per cent Y-o-Y growth on a low base. Investment ideas for July 2025 For July 2025, Incred Equities has recommended adding 19 stocks while reducing three. Here is a list of its high-conviction ideas for July 2025: Largecap ideas Axis Bank and Bajaj Auto are among the stocks with an "Add" rating by the brokerage. Stock Rating Target price(₹) per share Axis Bank ADD 1,430 Bajaj Auto ADD 10,400 Bajaj Finance ADD 1,050 HDFC Bank ADD 2,200 InterGlobe Aviation REDUCE 3,030 Lupin ADD 2,400 Maruti Suzuki ADD 13,621 NTPC ADD 385 Shriram Finance Limited ADD 830 Tata Steel REDUCE 82 Tata Consultancy Services ADD 3,589 Midcap ideas Smallcap ideas
India Gazette
01-07-2025
- Business
- India Gazette
No further hike in cement prices expected amid weak demand and monsoon season: Report
New Delhi [India], July 1 (ANI): Cement prices are expected to remain stable in the near term, as no further price hikes are likely in most regions. According to a report by Incred Equities, dealers believe that any attempt to raise prices may not hold due to poor demand and the onset of a seasonally weak phase. The report highlighted that while prices were up by around 1.5 per cent compared to March 2025 levels, the scope for further hikes appears limited. It said, 'No further price hike is expected in most pockets and dealers feel any hike will not sustain due to poor demand and the onset of a seasonally weak phase.' It also revealed that the average pan-India cement price dropped by Rs 4-5 per bag month-on-month in June 2025, mainly due to the beginning of a subdued monsoon season for cement demand. However, prices remained about 5 per cent higher year-on-year, standing at Rs 383 per bag in June 2025. This increase is attributed to the sharp price hikes by cement companies in April 2025. Despite the recent monthly decline, cement prices have held up compared to the end of the previous quarter (4QFY25). Both the southern and eastern regions performed better during the current quarter, showing relatively stronger pricing trends. In contrast, prices in other markets remained close to the levels seen at the end of March 2025. Experts noted that demand from government infrastructure projects is yet to gain momentum in several key states. Additionally, with the arrival of the monsoon season, cement demand has weakened further in many regions. The rainy season typically leads to lower construction activity, putting pressure on demand. Looking ahead, the density of rainfall in September and October 2025 and the pace of demand recovery after the monsoon will be crucial for determining the direction of cement prices. Most of the new production capacities planned for FY26 are expected to come on stream in the second half of the financial year, which could further influence the pricing trend depending on how demand evolves. Overall, the report outlook suggested that cement prices will likely stay steady in the short term, with limited chances of significant increases unless there is a strong revival in demand. (ANI)
