Page 3 - Devangshu Datta

Lower production cost likely to support Hindustan Zinc's margins

The volume of mined metal for Q2FY25 stood at 256 kilo tonnes or kt (up 2 per cent Y-o-Y, down 2 per cent Q-o-Q), due to higher ore production at Zawar mine offset by lower volume at SK Mine

AI may have finally tipped the scales in favour of nuclear energy again

If fuel is reprocessed, it can be reused. But the reprocessing turns it into weapons-grade fuel, which means it can also be used to make big bangs

Margin pressure ahead as city gas distribution majors continue to struggle

Given the weak demand, and lower price arbitrage versus petrol/ diesel, and upcoming Assembly elections, price increases will be gradual, hitting margins across H2FY25

Margin pressure clouds near-term outlook for L&T Technology's stock

Management maintains FY25 guidance of 8-10 per cent revenue growth in CC, which implies a steep growth rate of 4.5-7 per cent growth per quarter in H2FY25

HDFC Asset Management Company valuations ride on high growth expectations

Strong equity markets and strong inflows have led to a higher share of equity in QAAUM to 65.7 per cent up 810bps Y-o-Y and 140bps Q-o-Q

Sentiment positive for OMCs amid lower oil prices, marketing margins

The volatile geo-political situation should lead to some caution for investors. But given the weakness in global and China demand, these trends could persist

Order pipeline, margin gains positive for Larsen & Toubro's stock

The brokerage believes that the order book would grow at 12 per cent CAGR over FY24-27

Demand drivers likely to keep Cummins India on robust growth trajectory

Cummins India is also tech-agnostic, with capacity in diesel, gas and electric and the scale up of CPCB 4+ emission norms will probably lead to market share gains

Paytm set for a rebound as it recovers from regulatory disruption

NPCI data for June-Aug suggests that Paytm's UPI market share by value of transactions is steady

More upside in Zomato's stock, but competition also rising in e-com sector

E-com platforms are likely to offer discounts and wider assortments during the festive season

Ultratech Cement stock better placed amid recovery hopes in demand

Cement players hiked prices in Sept'24, but had to roll back prices in the South. In the first week of Oct'24, price hikes have again been announced and it remains to be seen if these are sustained

Long-term investors likely to use the dip to 'accumulate' Titan's stock

Titan beat growth expectations across most segments and this led to likely earnings upgrades for FY25 to the tune of 4-5%

Higher e-auction share key for Coal India stock; 15% target boosts outlook

Given predictable demand and steady growth, if e-auction at 15 per cent is achieved, the outlook is positive

Lebanon's exploding pagers expose unseen flaws in global supply chains

According to reports, Hezbollah had started to use pagers and walkie-talkies around February 2024, suspecting that Israeli security agencies were monitoring cell phone networks

Silver lining for two-wheelers, but investors should tread with caution

The two-wheeler numbers will need to be monitored closely since low momentum would trigger downgrades for stocks that have moved up in anticipation of outperformance

Valuation upgrades likely ahead for transmission major Power Grid

Approval has been granted for 50GW of Inter-State Transmission System (ISTS) capacity

Larger gold loan players less impacted by Reserve Bank of India advisory

While banks are dominant in jewellery-backed agriculture loans, NBFCs lead in retail gold loans and are expected to expand at 17-19 per cent in FY25

Weak signals for Indus Towers after unfavourable SC verdict for Vi

VIL is the second-largest tenant of Indus Towers and this could put stress on the tower company, by reducing tower tenancy ratios and further delaying repayment of dues

Asset quality key monitorable going ahead for Cholamandalam Investment

The pre-provision operating profit or PPoP was up 14 per cent Q-o-Q, which led to a return on equity or RoE at about 19 per cent in Q1FY25 despite deterioration in asset quality

Execution pickup likely to translate into further gains for BHEL's stock

Despite the green focus, the government is aiming to add 93GW of thermal power capacity and BHEL is the only bidder across all tenders.