Tuesday, April 29
The loan growth of Indian Non-Banking Financial Companies (NBFCs) and Housing Finance Companies (HFCs) (excluding IFCs) will moderate to 17 per cent in FY25, down from 21 per cent in FY24, stated a report by Jefferies.The report noted that this moderation is attributed to weaker credit demand due to softer macroeconomic conditions.It said, "Growth to moderate and stabilize in FY26e at healthy levels. We expect sector loan growth (ex IFC) to moderate to 17 per cent in FY25e (21 per cent FY24) and stabilize near these levels in FY26e."The report added that reduced lending to unsecured and microfinance loans (MFI), following the Reserve Bank of India's (RBI) guidance, and a cyclical slowdown in segments such as automobiles, has contributed to this moderation.It added, "Growth moderation has b
Crude-sensitive stocks, including oil marketers, paint, tyre manufacturers, and airlines, fell on Monday, January 13, as Brent oil prices surged past $81 per barrel. The rise follows expectations that new U.S. sanctions on Russia will impact crude supplies to China and India.Oil prices reached their highest level in over three months, driven by concerns that U.S. sanctions on Russia could lower its oil output. Goldman Sachs suggested that Brent prices could rise above $85 per barrel if Russian production declines further. The bank also noted that prices might touch $90 per barrel if the drop in Russian output coincides with reduced production from Iran.U.S. President Joe Biden introduced the broadest sanctions package targeting Russia's oil and gas revenues last Friday. These sanctions are
Liquor stocks, which fall in the consumer discretionary segment are expected to outperform the staples despite a consumption slowdown as a host of factors come together to trigger a rally in select counters. Brokerages have picked United Spirits and Radico Khaitan as their preferred picks, estimating an upside potential of up to 19%. Brokerages have attributed 4 reasons favourable to the prospects of liquor stocks:1. Likelihood of robust Q3 earningsLiquor companies are expected to report robust Q3FY25 earnings because of the seasonality factor. 2. Softer base effectLiquor companies are benefiting from a relatively softer base in the previous period, which should enable them to achieve stronger results as consumer demand picks up and market conditions stabilise.3. Favourable regulatory inte
