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Channel's geo and language: India, English

Category: Economics

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ICICIdirect

21 Dec, 16:11

Domestic Battery Industry: Energizing Auto Space
Partnerships like Amara Raja-Hyundai, Exide-Hyundai, and the LG-JSW JV are revolutionizing EV and storage tech. From AGM batteries to Li-ion breakthroughs, read the below link on how these companies are powering the future! ⚡👇

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ICICIdirect

21 Dec, 11:33

Government & RBI Expand Collateral-Free Loan Limits

🔸 Agriculture Loans - Limit raised from ₹1.6 lakh to ₹2 lakh from Jan 1, 2025, to support small and marginal farmers (86% of the farming community).

🔸 Housing Loans - Zero-collateral limit for low/middle-income groups may rise from ₹7 lakh to ₹20 lakh with minimal documentation.

🔸 Lender Benefits - Higher credit guarantees to aid financial inclusion, boost retail loan growth, and mitigate asset quality risks. Public sector banks and affordable housing financiers stand to gain the most.

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ICICIdirect

21 Dec, 09:12

Accenture Q1FY25 Results: Signs of Incremental Demand Recovery.

🔸 Revenue Performance

~Revenues - $17.7 billion (+9% YoY), showcasing healthy, broad-based growth.
~Operating Margin - Stable at 16.7%.
~New Bookings - $18.7 billion (+1% YoY).

🔸 Order Book Highlights

~Consulting - $9.2 billion (+7% YoY), indicating a recovery as management notes the bottoming out of consulting weakness.
~Managed Services - $9.5 billion (-3.6% YoY), reflecting ongoing moderation.

🔸 GenAI Momentum

~Bookings -$1.2 billion (+$200 million QoQ), contributing 6.4% of total bookings.
~Significance - Reflects increasing demand as clients allocate innovation budgets to GenAI services.

🔸 Guidance & Outlook

~Q2FY25 Revenue Expectation - $16.2-$16.8 billion (+5-9% in local currency).
~FY25 Revenue Growth Guidance - Revised upwards to 4-7% (from 3-6%), driven by a favorable forex outlook (drag reduced to -0.5% from -1.5%).
~Demand Environment
1. Top-end guidance assumes steady demand.
2. Lower-end factors in potential softening, with discretionary spending remaining focused on modernization and cost optimization.

🔸 Key Takeaway
~While the demand environment shows no major improvement, Accenture's GenAI traction and upward guidance revision signal resilience amid cautious client spending.

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ICICIdirect

20 Dec, 15:30

Profitable stocks trading near their 52 week-high

With the markets falling, here are some stocks that are trading near their 52-week-high and have a profit of more than 1000 Cr in the last 12 months.

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ICICIdirect

20 Dec, 13:30

Indian markets have turned volatile since last few months with markets witnessing a sharp correction from the all-time high levels in September till November followed by a sharp pullback. What is the effect on Mutual Funds?

🔸IT funds outperformed significantly during the fall as well in the pullback post correction.

🔸Pharma funds have outperformed in last one year and during the recent fall as well. However, in the recent pullback, pharma funds underperformed.

🔸Smallcap and midcap funds have surprisingly weathered the recent volatility relatively better as while it fell in line headline indices, it outperformed during market recovery.

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15.2k 0 10 47

ICICIdirect

20 Dec, 11:01

Mahindra & Toyota set to achieve record sales in Indian car market

🔸Mahindra & Mahindra and Toyota Kirloskar Motor are set to clock record sales for 2024.

🔸They are likely to post record sales volume and growth in high double teens as the calendar draws to a close.

🔸The sales surge is backed by new launches.

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14.8k 0 4 33

ICICIdirect

20 Dec, 09:03

📢 Honda Cars to hike vehicle prices by up to 2% from January!

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ICICIdirect

20 Dec, 08:09

News Update

🔸In a Press release, Amara Raja Energy & Mobility Limited has announced partnership with Hyundai Motor India Limited to supply Made-in-India Absorbent Glass Mat lead acid batteries, marking a significant advancement in localization of advanced battery technology.

🔸These AGM batteries, which outperform conventional Complete Maintenance Free batteries by approximately 150% in durability tests, will be integrated into Hyundai's domestic product line up by Q4FY25.

Our View

🔸AGM batteries offer quick charging, longevity, low self-discharge, minimal maintenance and high-power efficiency, making them suitable for vehicles with ISG (Idle Stop and Go) systems.

🔸With healthy growth in the base lead acid battery business and industry beating margins coupled with increasing execution on the Li-On battery front, we have a positive view on the Amara Raja.

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15.5k 0 8 35

ICICIdirect

20 Dec, 07:00

Key Stock Updates

🔸Infosys Foundation, the philanthropic and CSR arm of Infosys, today announced that it has signed a four-year MoU with the Indian National Academy of Engineering to enhance and transform engineering education in India.

🔸Bharti Airtel has paid Rs 3,626 crore to the Department of Telecommunications (DoT), clearing ahead of schedule all liabilities related to airwaves bought in a 2016 auction.

🔸NTPC through NTPC green subsidiary may participate in the SIGHT Scheme to supply green ammonia from its Pudimadaka Green Hydrogen hub.

🔸J K Cement has notified that the company has received allocation of Mahan Coal Mine in Singrauli District of Madhya Pradesh. The Coal Mine Block has a total geological coal reserve of ~107.4 million tonnes with a peak-rated capacity of 1.2 million tonnes per annum.

🔸Accenture in Q1FY25, reported a broad-based revenue growth of US$17.7 billion, up 9% in US$ and 8% YoY in local currency.

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14.4k 0 4 35

ICICIdirect

20 Dec, 06:13

Market Outlook

🔸Sensex and Nifty 50 are likely to open lower, as trend in GIFT Nifty suggest a negative start for the broader index.

🔸Asian markets were trading mixed.

🔸US markets ended flat on Thursday.
- Dow Jones: +15.37 points (+0.04%), closes at 42,342.24
- S&P 500: -5.08 points (-0.09%), ends at 5,867.08
- Nasdaq: -19.92 points (-0.10%), finishes at 19,372.77

Market Yesterday

🔸India's benchmark indices, Sensex and Nifty, tumbled over 1% on December 19.
- Sensex: -964 points (-1.2%), closes at 79,218
- Nifty: -247.6 points (-1.02%), ends at 23,951.25

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ICICIdirect

19 Dec, 15:58

Company Update - Ksb Limited (#KSB)

🛒CMP: ₹ 776.85
⏳Duration: 12 months
🟢Target: ₹ 965
⏫Potential upside: 22%
⭐Growth expected to pick-up…

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ICICIdirect

19 Dec, 14:43

Which company has set a ₹400 crore revenue target for its luxury jewellery brand Zoya in FY25?

Poll

TBZ
Titan
Kalyan Jewellers
Reliance Jewels

3170 votes

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ICICIdirect

19 Dec, 13:15

📢 Webinar Alert!

Ask us anything on Commodities. Clear all your commodity queries with our product experts and research analyst.

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Link to join - https://youtube.com/live/9257YfLgBxY

Ask us anything on Commodities. #icicidirect

Click Subscribe To ICICI Direct YouTube Channel: https://www.youtube.com/channel/UCS60mGL4Gj-reXpogjGqt2w/ Ask us anything on Commodities. #icicidirect ---------------------------------------------------- 🔔Turn on the notification bell so that you don't miss out on any finance videos 🔔 For more ...

16.7k 0 2 19

ICICIdirect

19 Dec, 12:31

🎯 Total AUM break-up of major AMCs.

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ICICIdirect

19 Dec, 10:45

Live Webinar Alert! 🚨 - Market Ki Baat

Join us for an insightful live webinar on the Stock Market! 📈

🕑 When: Live now!

Link to join: https: //www.youtube.com/watch?v=SHOx8qBCzD0

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Market ki baat with ICICI Direct. #icicidirect

To watch more interesting investment-related videos, subscribe to our YouTube channel: https://rb.gy/hpwfb2 Market ki baat with ICICI Direct. #icicidirect Follow us on: Facebook: https://www.facebook.com/icicidirect/ Twitter: https://twitter.com/ICICI_Direct Linkedin: https://www.linkedin.com/comp...

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ICICIdirect

19 Dec, 09:36

Pricol Ltd reached a high of ₹598.80 today! 🚀

The stock has delivered a return of 28% in about one month’s timeframe.

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ICICIdirect

19 Dec, 08:36

myTVS Enters Quick-Commerce with Hypermart Initiative, Targets 250 Stores Nationwide by 2028.

🔸 myTVS, a leading digital platform for auto spare parts with FY24 sales pegged at ~₹1,900 crore, has launched a new initiative called myTVS Hypermart, marking its entry into the quick-commerce segment for automotive parts distribution.

🔸 This innovative model aims to deliver auto parts and lubricants to retailers and business partners within 1-2 hours of order placement.

🔸 The company plans to establish 50 dark stores branded as myTVS Hypermart by March 2025 and expand to 250 stores across India over the next three years.

🔸 With this initiative, myTVS seeks to increase its market coverage from the current 4% of domestic car parks to 10-12% within two years. The move is also expected to enhance supply chain efficiency and reduce costs by approximately 30%.

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17.1k 0 5 32

ICICIdirect

19 Dec, 07:00

Honda Motors and Nissan in advanced discussions about potential merger

🔸As per media sources, Honda Motors and Nissan are in advanced discussions about a potential merger that could create the world's third-largest automotive group, with combined annual sales projected to reach around 8 million vehicles.

🔸This strategic move aims to bolster their competitiveness in the electric vehicle (#EV) market against rivals like Tesla and BYD, particularly as both companies face significant challenges, including declining sales and profitability issues, especially in key markets like China.

🔸Additionally, Foxconn has expressed interest in acquiring a controlling stake in Nissan, adding complexity to the situation and raising concerns about external takeovers amid Nissan's struggles.

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16.4k 0 5 39

ICICIdirect

19 Dec, 06:19

Market Outlook

🔸Sensex and Nifty 50 are likely to open gap down, as trend in GIFT Nifty suggest a negative start for the broader index.

🔸US markets plunged on Wednesday. The Fed cut rates by 25 basis points to the 4.25%-4.50% range and its summary of economic projections (SEP) indicated it will make rate cuts totaling a half percentage point by the end of 2025.
- Dow Jones: -1,123.03 points (-2.58%), closes at 42,326.87
- S&P 500: -178.45 points (-2.95%), ends at 5,872.16
- Nasdaq: -716.37 points (-3.56%), finishes at 19,392.69

Market Yesterday

🔸The Indian stock market ended lower on December 18.
- #Sensex: -502 points (-0.62%), closes at 80,182.20
- #Nifty 50: -137 points (-0.56%), ends at 24,198.85

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17.3k 0 2 35

ICICIdirect

18 Dec, 14:51

In the Technical Yearly Outlook 2025 by ICICI Direct’s Research team, we mentioned that we expect Nifty to hit 28800 in CY25.

Here are our Top Picks for CY25!

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Top Picks!