The RBI banned Kotak Bank from onboaring clients in the Digital channel of issing credit cards.The 811 Digital platform makes majority of risk investors and clients without proper information opening accounts. This Digital channel makes 40% revenue YoY for this bank, Now it is halted from RBI.
KOTAK MAHINDRA BANK Market Price is moving in box pattern and market has reached support area of the pattern
On April 25, shares of Kotak Mahindra Bank experienced a sharp decline of 10 percent, following the Reserve Bank of India’s decision to restrict the private sector lender from onboarding clients through online channels and issuing credit cards. Analysts anticipate that this regulatory action by the central bank could adversely affect Kotak’s retail business and sentiment surrounding its stock price.
Macquarie regards the ban as a significant setback for Kotak Bank, especially given its heavy reliance on digital channels for customer acquisition. The bank has witnessed a considerable number of savings accounts opened through its 811 digital platform, with a majority of unsecured products also processed digitally. The digital segments have demonstrated impressive growth of 40 percent year-on-year, outpacing the overall growth rate of 18 percent.
Citi analysts share the sentiment, believing that the RBI’s action would have negative repercussions on the bank’s growth, net interest margin (NIM), and fee income. The brokerage has assigned a ‘neutral’ rating to the stock with a target price of Rs 2,040 per share.
The RVNL acquired the project worth of Rs.239.09 cr from Southern Railway system for automatic blocking signalling project in the Jolarpettai Junction to Erode Junction under Salem District. This project has to complete with in 900 days as per project duration.
RAIL VIKAS NIGAM Market Price is moving in Ascending trend line and market has rebounded from the higher low area of the pattern
In the early trading hours on April 25, shares of Rail Vikas Nigam Limited (RVNL) surged by over 2 percent following the company’s success as the lowest bidder (L1) from the Southern Railway. The bid was for the provision of an automatic block signalling system from Jolarpettai Junction to Erode Junction within the Salem division of the Southern Railway.
On April 24, a joint venture between KRDCL and RVNL also secured the L1 position from the Southern Railway for the redevelopment of the Thiruvananthapuram Central Railway Station. This project, to be executed in an engineering, procurement, and construction (EPC) mode, carries a cost of Rs 438.95 crore and is set to be completed in 42 months, with KRDCL holding a 51 percent share and RVNL holding 49 percent.
Additionally, on April 19, RVNL emerged as the L1 bidder from the South Central Railway for an EPC tender related to the proposed track doubling project between Ankai and Karanjgaon stations, including electrification and signalling works in connection with the Aurangabad-Ankai doubling project within the Nanded Division of the South Central Railway.
Further, on April 18, RVNL entered into a contract with Turkish Engineering Consulting and Contracting – TUMAS India Private Limited – to collaborate on public transportation and infrastructure projects in India.
On April 12, RVNL received the Letter of Acceptance (LOA) from NFR-CONST HQ-ELECTRICAL/NF RLY CONSTRUCTION for various works related to the electrification and signalling of the Araria – Thakurganj new line section within the new line project of Araria – Galgalia of the NF Railway, including associated works and SCADA implementation for the section.
Indian Hotels: Indian Hotels Slides 2% on Q4 EBITDA Miss; Brokerages Bullish on Demand Outlook
The Indian Hotels missed EBITDA estimated revenue due to Hospital chain report came in line with expected reading. Net Profit rose to 27.4% as Rs.418 cr and revenue YoY as Rs.1951 cr. Company upcoming expansion plans, leisure plans, Wedding ceremonies will added Company profit to increase further quarters.
Indian Hotels Market Price is moving in Ascending trend line and market has reached higher low area of the pattern
Indian Hotels Company witnessed a decline of over 2 percent in early trading on April 25, following its report of earnings for the March quarter. While the results were in line with expectations, the company fell short of EBITDA estimates.
The Tata Group firm recorded a remarkable 27.43 percent year-on-year increase in net profit to Rs 418 crore, with revenue also showing a substantial growth of 18 percent year-on-year to Rs 1,951 crore. This growth was supported by a strong performance in revenue per available room (RevPAR).
Although the company’s subsidiary performance remained stable and overall robust, its US operations continued to exhibit weakness. Despite this, analysts maintained a positive outlook on the stock, citing the company’s expansion plans, leisure demand outlook, wedding season prospects, and supportive market conditions.
Indian Hotels continued to outperform the industry in RevPAR, maintaining a premium of 65 percent over competitors on a pan-India basis. The company aims to open 25 hotels in FY25, with capital-light businesses expected to contribute approximately 14 percent to consolidated revenue, potentially rising to 20 percent in the near future.
Experts predict a 10.6 percent annual growth in demand, with supply expected to lag behind. Analysts at Nuvama attributed Indian Hotels’ positive earnings to the hotel sector’s swift recovery, driven by sustained domestic leisure travel demand, reviving domestic corporate travel, and a strong wedding season in the first half of FY23.
Nuvama maintained its “hold” rating on IHCL stock with a target price of Rs 578, highlighting potential risks such as earlier-than-expected industry recovery or the sale of non-core assets to reduce debt.
Morgan Stanley, on the other hand, maintains an “overweight” rating on Indian Hotels, with a target price of Rs 529 per share. Despite the fourth-quarter EBITDA falling short of estimates, the brokerage remains optimistic about the company’s core business and its sustained demand.
Motilal Oswal expects Indian Hotels’ strong momentum to continue in FY25, driven by factors such as an increase in average room rate (ARR), asset management strategies, and corporate rate hikes. The brokerage reiterated its “buy” call on the stock with a SoTP-based target price of Rs 680.
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