Market Opening LIVE | Sensex Slips 200 Points, Nifty Below 22,250; Dr Reddy’s, HDFC Bank Top Losers
but uh I think perhaps a little more downside and stock has done very well recently trades at uh pretty high valuations now your thoughts prant again like the markets looks like this stock is also giving a pullback uh at the lower end I think 1300 or maybe you know in a wor 1250 so I think around those levels you will see the stock stabilize and then should give a reversal so around 1250 if I can get it and see any kind of a minor reversal pattern also I would want to take a long trade we starting with a 70 point cut mes uh right away no no on on the Nifty be you pardon a 70 point cut yeah so about what 22200 or so anything to do there so in fact 22200 22 180 is more buying zone so in case we start over there you know maybe we’ll take a small trade and in case there’s more reversal add to the got that well let’s just see we got the rates coming up on your screen 60 points lower on the Nifty so 22,240 is where the Nifty is at the sensex is down about 180 points 73340 coming through on the sensex You’ got roet breath on your screen is exactly 1 is to one so things are just opening up Bank Nifty is down about 0.3% 48150 uh and you got the midcap index which is down about a qu% the small cap index will also come up on your screen uh and there also I think there is a bit of a cut by the way the small cap index in the last two sessions alone has lost almost about 4% or so uh so there is a more of a pull back there and that part of the market as compared to what the nift scen so that’s that’s it 80 points down now 22200 exactly in that zone that mides was talking about 2266 by the way just a little lower from here is that 61.8% retracement of the rice but stocks is what it’s all about Sonia’s got those Sonia well thanks a lot for that as you rightly pointed out not a good opening at all in fact now the Nifty is inching towards almost a 100 point cut so that’s not you know good to see at all the Nifty bank is the one that’s you know seeing some pressures down about 150 odd points but let’s take it straight to individual stocks you have Dr Red’s where the numbers were decent actually adjusted for one-offs the India business was up about 11% but um you know the overall numbers didn’t look that good so the stock is down about 5% uh pedite saw good set of numbers volume growth of 12.7% in the consumer business United breweries decent earnings a volume growth of 10.9% but the market mood is such that most of these stocks are Uno going through some profit taking volas was very disappointing this time uh the stock is down almost about 8 or% operational pressure continues losses from the EMP business remain elevated PB fintech is another one that is uh you know should be in Focus the stock is down about 5% but uh the company’s earnings were quite strong actually aided by the core online performance and a revenue growth of 25% uh the company has in fact turned profitable on the bottom line so keep an eye out on that Max financials earnings also you know were quite good and that’s why the stock is actually bucking the trend today both UBS and clsa have a buy in fact clsa has a Target price of 1,400 on Max Financial so a big upside over there is what they expect RC also in Focus after the conference called details that came through the stock is seeing a bit of a recovery but otherwise it’s not a good opening for the market at all 100 points lower now on the Nifty just hanging on to the 22150 mark back to you all right T thanks a lot for that well a few stocks that are moving around Dixon the stock is opened up in the green uh they’ve announced that subsidary Dixon Electro appliances has entered into an agreement with Nokia Solutions and networks for manufacturing Telecom products so that stock in fact opened up in the green with a gain of 2% it’s come off a little bit some result reactions actually and some of these stocks are taking around the chin you have suduch Estates has down close to 5% the stock saw a oneway rally you know in the last few sessions it went to a low of around 260 went to around 420 y but now that stock is down close to around 8% so slam dunk on that one after the big rally that we’ve seen so ATA software that’s the other one that’s down more than 10% in today’s trading session the dollar revenues on their services vertical is down 2 and 1 half% and the margins have got compressed to around 21% from around 24% so margin compression Revenue decline on a sequential basis the street doesn’t La so that’s why that stock in fact is lower and Jupiter wagons we’ll chat with the management in just a bit but for the time being that stocks opened up well in the green um as we speak a bit of a bounce is what we’re seeing from lower levels volas is the casualty of the morning losing market share the street doesn’t like that United Beauties good Topline growth good focus on premiumization margin’s disappointing the stock was down 3% OD it’s cut some of its losses now it’s down a percent and a half on the index a quick bird out there if you wanted to enter into the index you’d be hoping for a level closer around 22,200 odd you got that in the first few minutes of trade so if you’re adventurous then maybe in fact you know if you’re playing for a bit of a bounce this is the crucial Zone 21,00 22,000 60 to around 22,200 you can hold these levels there’s still some kind of hope for a bit of a bounce keep an eye out on vone idea as well more than 20 CR shares getting exchanged in the first few minutes itself so that one should be on your radar prashad I think uh you know we got a couple of calls on vone idea right recently I think cities put out a call this morning earlier I think we had uh was it Bank of America one of the foreign Brokers basically uh they had a call out as well all small upgrades from wherever they were uh you know on the on on the stock U nothing large in terms of Target price Etc but uh you know a bit of improvement there after of course with the fund infusion Etc has happened so there is of course a lot which is going on maybe if you can just quickly pull up volas for a quick pit and see if uh you know there is a there is sort of price action uh coming up it’s down uh 9% and we were talking about this with MES in the morning just now uh so that’s coming up to a crucial level there as well so 1264 and by the way this after the 5% cut that we saw yesterday uh so and that’s a large liquid EO name that we are talking about uh so it’s a mostly down kind of a day so far we’ll pick up more stocks Etc as we go along but let’s welcome in our Market Master tah bad CIO in wco mutual fund T good to have you with us here thanks very much good morning what’s what’s what’s worrying the market in the margin T well uh so as expected actually pan we are walking into that phase of high volatility and probably you know after a long time we going to see multiple events which are going to be lined up over the next four to six months and all of them at uh in one way or the other probably are important whether it be in the form of local elections or whether it be policy thereafter monsoons uh us elections to contend with and of course we still not settled as far as the uh interest rate inflation debate is concerned and that probably also will be important towards the end of the year so I think uh we are uh clearly going to be in a phase of somewhat higher volatility and probably um you know markets will be a little more defensive in its approach markets will be a little defensive in its approach got it um at hi good morning I think there are election Jitters on everyone’s mind right people perhaps believe that maybe the um incumbent government may not be able to get the kind of seats that perhaps they were expecting to at least that is the fear in the market right now how legitimate do you think that fear is and if it does play out in that sense where uh you know the number of seats don’t hit 400 as perhaps is the expectation uh then do you see a big market Fall if that market Fall happens would you suggest buying into it I mean what do you see the trajectory to be for the next couple of months so like as I said you know I I I’m no political expert but uh obviously in the mind of the market there has been an elevated expectation and I think uh irrespective of whatever the outcome would have been probably I would have thought that they would been a correction whether it would have been a sell on news or probably some kind of disappointment in terms of the outcome uh for the incom in government uh so I think uh both ways There Was You Know going to be a correction in in my view uh but I think uh you know the market Sonia is very strongly focused on uh an expectation of 15% compounded earnings over the next two years uh at the broad corporate level uh you know uh large caps Within which might do probably somewhere between 11 and 13% and been in small caps probably might track something between 16 and 20 and you get a blended 15 so I think U uh for the market as such I think uh you know it will be it will it will be important to see whether there are factors which can uh you know detract from this 15% number so long as that visibility of that 1500% is by and large uh visible uh or available I think to that extent the market should probably hold up you will probably see Corrections along on the way modest ones which come as a result of one of these one or two of these events probably not going the way we expected to but for deeper cuts to happen in the market I think Market has to kind of reconcile to the fact that that 15% number is at risk and if and that will take multitude of factors to probably happen all right I just hold on to that thought you know we have a con call that’s underway on re and they’re commenting on rbi’s Project Finance draft they’re saying that rbi’s draft guidelines not applicable to loans guarante by the government they also go on to say that many of their loans are supported by state government guarantees and there’s one more flash that should come up for you on the screen they say they’re not going to see any adverse impact due to rbi’s draft paper with regard to project financing explains why the stock has seen a bit of a bounce last few sessions is taken a knock I think Dam capital is hosting uh that call with the r management for the time being the stock has seen a good bounce on this commentary that’s coming in uh you know on that con call abishek will join us shortly as well to run us through an impact on this but for the time being a bit of a relief rally is what we are seeing well hi T good morning and good to see you when let’s keep elections aside how you positioned on uh fmcg stocks out of nowhere you saw some positive commentary coming in there and now the street is coming to terms that maybe F525 is not going to be as bad as earlier thought also it’s there’s a bit of an under ownership that’s playing out in some of these stocks your view and how are you placed out there uh we uh not necessarily only fmcg but by and large I think we uh generally our approaches to kind of try and keep a little bit of balance as far as the portfolios are concerned even in for example even in very strongly growth oriented strategies we do have a spattering of value in our portfolios and I think uh I would have spoken earlier uh even on the show that probably you know there is value in some of these value consumption Pockets which have not probably done well in the course of the last two two and a half years given what’s been happening to the uh you know low end of the income pyramid as well as in the rural markets uh we are seeing obviously you know there have been some triggers not fully established but some reasons to probably try and to probably expect um uh an uptake as far as volume growth and Recovery in that uh in that segment is concerned so I think uh uh we have uh been taking some modest positions out there Al since like I said we don’t have full evidence so we don’t have a choice but to kind of wait for some more you know evidence to come through in the form of numbers quarterly performance volume growths Etc but clearly I mean there’s an initial case to have some foot to door as far as some of these segments are concerned which have turned value in the course of the last two years okay uh you know I wonder your thoughts on some of these consumption Pockets which are big beneficiaries of say premiumization right we’ve seen them in the auto space with names like emm we’ve seen them in the ALCO beverage space with the with names like radical ketan Etc United brw uh in real estate a lot of Premium projects are selling now do you think this premiumization theme is something that can continue and if yes which are the pockets where you still see some valuation Headroom here so unfortunately you know on your second question there’s pretty much uh uh no valuation head room which is available out here but the point is that uh you know this is still a reasonably structural theme and and I think this is something which has probably got a little more uh credibility to it probably compared to as things stand at least today compared to let’s say the Revival in the at the lower end of the market I mean you know if on a two threee scale I think uh it is lot more easier to expect that minimization and growth in those particular segments whether it be uh retail or whether it be you know in in automobiles or a few other sectors um uh is is far more easier to expect and reconcile with um on the on the lower end of the income segment and particularly rural Revival it will take a fair bit of effort not just only monsoons but probably even in terms of policy and a few other things to actually come together for uh that recovery to kind of you know take legs so I think priz as a as a story continues in in my view of course uh they’re not probably you know I mean you may not have valuations which US on your side of the stage but if you were to probably get some of those Corrections which are quite likely from a rotational perspective I think those are themes which may still except it us right you know we just heard that comment from Rec right financiers really what’s your view do you own some of these names especially on the power financing side yes a fair bit I mean we have been owners we I mean some of these stocks have done exceedingly well so uh you know over the last one year or so I think most of the investors who have come at various stages would have probably made some kind of money or the other uh but obviously um uh I mean you know we we’ve seen uh the regulator being very Vigilant about every pocket and uh it it was initially supposed to be only on the consump on the personal loans and on the you know Consumer loans segment how would you T how would you read the comment from that con call I mean if I can ask you that since you have exposures You’ kind of know they’re saying that government guaranteed loans this does there that one flash which came uh the standard asset provisioning going up to 5% it doesn’t apply to government guaranteed loans uh and basically was not the general comment saying that there won’t be that much of an impact we had nikil from Bernstein earlier the analyst who said you know this perhaps means that if you sort of work it back and look at interest rates and how much they need to go up byy to compensate for this increase in provisioning it’s about 0.3 30 basis points basically just your thoughts side so I think it probably at least from the comments it appears to be a little less uh uh you know perative compared to what was feared initially uh and to that extent you know it may not be as harmful but the thing is that uh you know it it just uh at some level the market will now keep this in the back of its mind that you know there would always be some regulatory U you know pressures which will come along the way especially if some of these segments continue to show very strong growth so I think uh may not necessarily impact as much in terms of Book value compounding or probably growth in earnings but uh clearly there will be some some up uh you know capping of upside as far as valuations is concerned that’s the easiest conclusion that we can probably make at at this stage yeah no absolutely got that U see I mean there’s one view that the look at all of these regulations Etc from the RBI and maybe they just want you know the credit growth to maybe come off a little bit right it’s been running red hot in some segments especially and not exactly a bad thing on the Capital Market side are you worried that we may eventually see some regulations Etc uh you know we’ve heard worry being expressed by the regulator on that side on the fuses and option side and that has really been a big driver for growth uh just just just wanted your thoughts we had a fund manager earlier two days back who who was pointing that out that you know that remains a big risk for some of these stocks so pran it remains an outside risk and you know uh that’s something which we keep in mind at least in terms of uh the way we uh you know size our position uh in some of these names as far as our portfolios is concerned uh we still are reasonably you know confident about the growth trajectory of some of these Enterprises and you know that at least is supportive as far as those Capital Market stories are concerned but we can’t take away the fact that you know uh this is an outside possibility however some of the uh recent you know moves by the by the regulator probably don’t seem to suggest that they want to go all the way down to you know really taking a very hard call on on Curbing volumes Etc so uh uh it it it’s that’s where it is I mean you know this can obviously change that position can change tomorrow but uh at least from some the uh recent uh regulatory changes doesn’t seem to suggest that they want to go all the way down okay we leave it at that tah thanks a lot for joining in appreciate your time here by the way the market is not bad it’s down but not out the Nifty is down about 76 odd points uh the bank Nifty is down about 200 OD points and the big damage really has come into Dr Eddy’s this morning down 4% lnt is down 1 and a half% HL is down about 1% hero motop ahead of its earnings is down about 610 off a% so just keep an eye out on that but uh we have Tata Communications Q for earnings which were a bit subdued their margins contracted the Abida declined while the revenue growth was in low single digit the management reiterated their ambition of doubling data Revenue by FY 27 and getting back to 23 to 25% Abida margins in the medium term Amur s laksh lakmi Narayan who’s the MD and CEO of the company uh joins us now uh sir thank you so much for joining in you know I want to start by asking you about uh the reason behind the weaker data Revenue growth this you know Data Business was your main growth driver for the last many years so why are you seeing this kind of slowdown and what kind of growth trajectory do you expect because um you know given that there is a bit of a Slowdown do you think that a 15 to 20% growth is possible um I uh want to emphasize the fact that uh if you look at the over uh Mr lxmi Naran we can’t hear you very well uh can we try one more time yeah can you actually we’re having a bit of an issue with your audio so what I’ll do is I’ll come back to you in a bit we’ll just try and fix that audio it’s a bit scratchy there just wanted to mention a couple of stocks that are bucking the trend at the moment you have maruti which is up almost about 710 of % SBI is up almost about half a perc and Reliance is batting for the Bulls this morning so just keep an eye out on that by the way the midcap index is now uh trending almost moving into the green there are some stocks uh which are not doing too badly igl is up about 5% PFC is back in the green in a big way up about you know 4 OD per or so IRB infra Rec these are stocks that are up well in the green so yes the midcap index is now trending in the green the advanced decline ratio is also pretty good today so today’s not not such a bad outcome given what we’ve had in the last couple of days today is not such a bad outcome for sure um I think we are back with Mr lakmi Naran uh sir you were telling me about you know your data Revenue business right it has seen a bit of a Slowdown so in terms of a timeline when do you see it recovering and is this 15 to 20% growth possible for fy2 yeah um I was just mentioning if you look at the overall year the data revenues grew by 22% last year um while we saw some deceleration um you know over the quarters but overall for the year we the data revenues grew by 22% um last year was a phenomenal year for us um having invested in a lot of organic uh products and platform Investments that we made uh we also acquired two companies and we are busy in the process of integrating them uh both the switch in the media side of the business as well as on the um on the interaction fabric the kalera acquisition that we did so we uh feel quite confident about the portfolio of the network fabric the interaction fabric the cloud and security Fabric and the iot fabric the iot fabric last year did not grow grow as much as they did the previous year but all the other Fabrics um grew very well um so going into this year um baring the uh cautiousness that we see in the International markets we are quite confident that we will be even more relevant for our customers and participate in uh in deals um with very large customers so uh can you tell me a little bit about the order booking you’ve just said that it was weaker than expected but can you just quantify it for us how much weaker and when do you think the recovery can come through on order booking aob booking is uh is slow I mean it’s very hard to predict um you know I just came back from from a trip uh meeting customers um the the very encouraging thing for us is uh we are able to uh participate in much larger conversations than before um and that gives us the confidence that as in when it opens up uh we will be able to participate and of course we need to win those deals um but our participation levels are increasing our investments in the markets to increase our coverage is helping us uh but closure is is slower uh while we don’t call out the uh the ACV numbers partly because uh you know in this business the ACV numbers are a bit uh difficult to quantify there is uh fixed contracts in the network business uh but also increasingly more usage business that comes so you might sign a contract with the usage has to ramp up so uh the ACV numbers don’t really um directly relate to the uh to the revenues as lead indicators um but you know the As and when the situation improves the closure should incre increase another point I would like to point out is our next gen connectivity last year grew upwards of 30% so there are you know the next gen connectivity has organically grown very well the interaction fabric grew very well uh organically um somewhat muted but because of the color acquisition we showed very good growth uh and similarly the media business organically grew uh in uh in uh double digits uh of course with the switch added on uh we showed much better growth as well so the focus for us going forward is going to be integrating all of these Acquisitions participate in the market lot more aggressively and drive growth got it sir yeah I got it Mr lak good morning Prashant here just to sort of dial back and get you that get that number from you if possible so on the revenue front uh would it be between 15 and 20% and F525 no see uh I I we don’t give any uh quarterly and yearly guidance uh prant you know that um is it in the ballpark or is it wildly off no I no it’s not it’s not fair for me to give any guidance at all so all I would say is you know we when we said that we wanted to double our revenues um the expectations that we have internally is that we would be growing at yeah the data Revenue doubling that you talked about that’s still on track by 527 well our our Ambitions are very much in track the Investments that we are Mak making is towards that uh last year of course aided by inorganic we grew 22% um so the uh going forward we need to keep up the momentum um combining the entities that we’ve integrated organically to deliver uh the kind of growth between 15 to 20% is what we would expect to do um and that is what we are working towards so the the the encouraging thing that I would again point out is the relevance that we have the ability to participate in much larger deals with customers have only increased because of all the Investments that we have made okay all right uh hi good morning Mr lxmi Naran and thanks a lot for joining in so you given us Fair color on the revenue grow trajectory what about margins you know in the last few years margins have come down to around 20% do but you’re guiding for some kind of recovery in fi25 could you tell us what are the triggers and how much could it recover and also by F5 27 should we assume you get to that band of 23 to 25% that you have been guiding for yes I know absolutely um you know I think I uh clarified on the margin side so I would like to split if you split the business by the The Core Business uh taking away the Investments that we made on Acquisitions and acquisition related cost the margin still would be in the ballpark of uh the 23% right um the second factor that we called out are some of the subsidiaries where are drag on the margins and we said we were going to do a strategic review view of the subsidiaries in order to improve the margins and the third lever we have is all the digital businesses which were of uh intrinsically of a lower uh margin so far uh would organically start uh delivering more margin because of the operating leverage so these are the levers that we have that we will operate in the coming year and the and the next two years to get it back to the 23 to 25% okay all right and in the near term for fi25 what should we work with because the margins actually breached 20% on the downside in quarter 4 so if you could quantify to some extent be got it in the next 2 to 3 years you get to 23 to 25% but in the near term what is it and also I wanted to ask you about your net debt to a bit that’s stood at around 2.16 but you have said that it’s likely to come down to sub two does it happen in the first half of the fiscal so give us some color on margins as well as n to a bit number yeah so again I don’t want to give anything on a on a quarterly basis on a shortterm and fy0 5 you know I you know we we will see an increasing trajectory of the margins because it has to get back to 23% uh in the next couple of years and I talked about all the levers that we are operating I think the foremost Focus for us is integrating the uh the uh the Acquisitions that we did and drive the synergies both on the revenue side and on the cost side so that’s one of the major levers that we would be operating on and we are quite hopeful of uh improving the margins and as we improve the margins the cash conversion for us has been very good um and U we will be able to P down the debt as well um and we have to remember um we are in a business where the portfolios have significantly transformed right from a uh from a from the nature of the business that we wear our digital business now uh are approaching 50% that was one of the goals that we laid out in our strategy in 2020 uh and for transforming the portfolio we need to make a lot of Investments on products plan platforms people capabilities um and without those Investments the growth would not come um so I think those are the phases we are in in making those Investments and we are quite certain and hopeful that the uh the but the net debt will be bit Mr lakan sorry we need to just try to get that number out for you net debt to AA you said it comes down to two it happens in the first half of the fiscal again I said I don’t want to give anything on the on the quarterly or a half yearly basis you know that is not what I do uh I will lay out my plans for the medium term and I reiterate uh the numbers that we are aiming for sure uh Mr lxmi Narayan you know since you’re not giving us numbers can you at least tell us what the trajectory is in terms of uh you know decision- making by clients are the orders getting deferred are they getting delayed do you fear that there could be some large orders getting deferred or maybe even getting cancelled as well just trying to understand what the trend could be over the next couple of months yeah no I think the uh the orders uh are are and we getting delayed uh the funnel We are continuing to improve the funnel by adding more into the funnel um in the network particularly in the network business not so much in the interaction business where switching vendors are adding new uh vendors is relatively easy in the network uh in the international markets where we win larger deals it’s largely you know they replace the incumbents with us uh in those kind of situations it’s like touching the Live Wire so they are a bit conservative and with uh with uncertain uh uh uncertainty around their own organization and changes that they have seen there is some reticence to change is what we’ve been observing but we are you know the as the funnel improves we think that our conversion would also begin to improve you know uh that margin bit since it’s a couple of years Out Mr LX maybe let let me try and ask you to uh request you to find tune it if you can since it is 20 and you know getting to 23 is going to be a big Improvement uh and of course getting to 20 near to 25 is going to be even better but would you want to fine tune it a little bit closer to 23 I mean we know the range but uh you you me in two years time yes yeah no in two years time we’ll definitely be in 23 uh whether we cross 23 is a is a question that we have to ask ourselves okay so I mean if you wanted to go with one one number there’ll be I mean 20 23 uh in and that’s the that’s the target all right got that thank you very much Mr lak great to have you with us here thank you for your time appreciate it very much uh those comments here on CNBC tv18 I mean I think the markets uh seen a nice decent pullback you know it almost got to that uh that retracement that we were talking about the day Low by the way in the Nifty is 21 22185 2266 uh is that level that we were’re talking about in the morning so you almost got that and then there is a bit of a pullback it’s turned green the candle uh has turn green which means you’re basically trading above the opening levels we’ll take a break we are back Vive loia managing director Jupiter vagin will be joining in to talk about their uh fourth quarter and F year performance and of course we’ll ask them to look into F525 as well stay tuned [Music] [Music] [Music] [Music] well the stock of the moment is RC and it’s having a rub off on PFC as well there was a con call that was just hosted abishek joins us to run us through all the key takeaways abishek uh well uh to start with RC management has given a Guidance with respect to road map ahead so they expect AUM to double by 2030 to about $125 billion from the current level of about 62 63 billion and they can also do it by 2029 is what the management did say in the con call they’ll increase the renewable energy portfolio to 30% from 7% of the am that they have currently renewable energy portfolio can increase by 10 times by 2030 lot of disbursement will happen in renewable energy portfolio distribution sector will also provide good opportunity for them to do business over the next 10 to 12 years now the key highlight is the clarification that they have given with respect to rbi’s draft guidelines on Project financing so they say that it’s only a draft guideline by RBI R is an nbfc and follows andas with respect to accounting standards so as per RBI asset qualification account next three years now RBI guidelines are not applicable to loans which are guaranteed by government and I was just taking a look at their loan breakup about 89 to 90% of their am is by state government uh so this will impact only in the generation segment for them RBI rule will not impact adversely with respect to R is what they mentioned in the con call back to you okay thanks a lot for that abishek clearly the street taking note of those comments the stock now at the high point of the day RC and PFC both of them moving to the high point of the day let’s focus on another company though Jupiter wagons well they delivered a good set of numbers the stock started off well in the green I think as we speak as well it’s holding Miley in the green with a gain of% last year was good what’s the way ahead Mr Viv Loya the MD of the company joins us on the show hi sir good morning and thanks a lot for joining in Viv here we are on an expansion mode and we are increasing capacity so uh this uh in the coming Financial year also you will see a a substantial uh growth in Revenue further we are adding uh new products uh last year there was no impact on of the breaking business this year you will see a sizable impact on that business on the wagon side the momentum uh continues uh we are get into uh procurement mode so we you will see much more tenders coming out uh from Railways recently uh I think going forward our focus is one is definitely on a wheel shed business recently we acquired uh the Bon trans India business now going forward idea is to uh definitely establish it uh we are looking at uh doing sizable backward integration there where you know VI let’s take it piece by piece you know that inorganic growth as well we want to talk about just for the last year you did around 3,600 margins of around 13 1 12% so let’s take that out of the way First You’re Expecting orders to come back post the elections but what kind of Revenue growth can you guide us given the kind of Acquisitions You’ have done there’s ramping up of capacities as well so you did a big growth on a lower base on 3,600 growth margins order and flow three numbers again uh uh we are not uh you know I’m not in the business of going giving forward numbers but uh what I can clearly say that you will see uh similar growth trajectory being maintained going forward definitely and that is because of it will be led by the I think the inorganic uh growth the new businesses uh which we adding that will be a sizable contributor and similarly in terms of margins uh because now with the wheel business being added there’s a lot of backward integration uh the breaking business will start contributing towards the margin so you will see both growth in terms of margins as well as in in terms of numbers M Lya good morning prashan I understand you don’t want to put put down numbers but you said you you could expect similar kind of growth 24 revenues went up of course it was a big phenomenal year 7 75% uh you will see a substantial uh growth which will happen going forward and it it’s it’s very visible uh you know the order books are strong uh execution is improving uh a lot of the uh in organic growth uh we are uh the company is set to uh you know uh take off in terms of the verticals which we have added so and and in terms of the economy uh we are not seeing any headwinds got it Mr Loya could you two things one uh you I mean earlier this year received a large order from the railways all right you said you’re expecting more uh orders to come through post post June if you can give us a sense of uh what will be put out as as tenders I mean in your experience uh you know given what we’ve already seen earlier this year uh and second what is the capacity capacity right now per month wagon capacity so we are uh right now doing close to about uh anything between 800 to 900 wagons we are executing per month our idea is that uh this year we are going to ramp it up to about uh 1,000 wagons uh and uh we are now adding a lot of specialized wagons which are going to again contribute uh sizeably towards the margins so the kind of wagons today which we are manufacturing uh you know none of our peers are doing in the industry and these are wagons which are going to be the drivers going forward so our idea is to add lot of uh you know uh technology in terms of a product mix earlier you had planned to launch an eeve as well you said you would launch it by the month of April what’s the latest on that okay no so I had said certification would be completed and uh we are on track we are expecting the certification any day and the launch was around uh July uh which we had said and that also we are on completely on track okay so you launch the E by July is what you’re saying yes yes oh and in which category will it be it’ll be uh it’ll be a commercial vehicle it’ll be in the one ton payload category and that is where focus is on the smile and we are looking to uh in this within the next two years we are going to be launching incrementally new products and uh between the one ton and the 3 ton category okay so will it largely be for the domestic Market or would you also be looking at exports and overall exports as a percentage of sales how much is it now how much do you plan to grow it by okay so uh Eevee initially the focus is going to be the domestic Market because uh you know the capacity which we have and the kind of demand which we are seeing I think the domestic Market itself uh would meet all our capacities in terms of exports uh today as a percentage it’s it’s uh not substantial but going forward uh you know the breaking business is going to contribute sizeably towards the export business and the wheel business which we have acquired it’ll take us about uh 12 to 18 months to do the kind of backward integration which we have emphasized post that you will see substantial exports happening to Europe because we already have the right technology in place and uh we have a very strong partner who is uh looking to uh uh buy uh Wheel sets from India okay all right you know since you spoken about this inorganic growth that I talk about you acquired bonatrans India for around 271 crores that’s going to help you with regard to exports right uh tell us what is the revenue out there uh what is the current Revenue how do you see that scaling up at optimal levels what kind of revenues can this acquired business do So currently the revenues are small because they were focused mainly on the Metro segment as well as the uh the vand bhat so the good thing is that the company has all the certifications we are already supplying uh for the W Bharat for the uh passenger uh business in India as well as uh globally we uh we are already supplying so we have the necessary certifications this year we are looking at revenues of anything between uh 300 to 400 crores in that business but as in when the backward integration happens this uh year we are looking at to manufacture close to about uh 200,000 Wheel sets so you’re looking at revenues of uh uh plus uh 2,000 to 3,000 crores and uh you know and with with uh at least a 40 to 50% of that will be exported let me just get those numbers out of the way from this acquired asset in the near term that’s for this year you’ll do 3 to 400 crores right yes and ultimately you can scale it up to 2,000 crores anything between 2 to 3,000 crores by when going uh it it takes uh typically these kind of uh expansions take at least 18 to 24 months is is the target which we have in mind so by fi 27 you’ll do more than 2,000 cres from this acquired asset itself yes and how much more money will you have to invest because this this is going to be the big trigger in terms of Revenue growth going ahead will you have to put some more capital in besides this 270 crores that you paid yeah definitely this requires substantial Investments we are looking at Upward of thousand OD crores of Investments and even our partners who are they are going to be also chipping in because for them also to secure their uh businesses uh in Europe it is uh it is very important as you’re aware that you know Europe today is struggling because of the Russia Ukraine uh crisis which has happened and most of the Wheel sets especially in the Freight business in Europe used to come uh from Ukraine and Russia so they are looking at an alternative Supply base okay can you tell us what would be the sh of private sector wagons in your incremental order inflow well uh the private sector wagon will continue to play a substantial role so as uh we are increasing our capacity I think uh you know if you look at order book today it’s uh more than 40% of our order books is private and I think that Trend will continue to remain there and as I mentioned uh you will this uh you know this financial year and going forward you will see a producing more and more of specialized wagons with the much higher margins which none of our peers are are doing right now so you said 40% it’ll continue to be 40% of your orders from the private sector right uh and I didn’t get the number overall what kind of order in flows are you expecting by the end of fi25 and f26 in terms of both wagons the amount of wagons and uh the absolute term orders So currently order books uh stands at about 7,000 CR plus so I think uh idea is to continue to maintain uh these kind of order books because you have to realize the executions is also going to go up quarter on quarter and uh and uh you know uh if you uh add too much of order book and not execute then you getting into late delivery penalties so uh we are very uh uh circum when we or add additional orders but the incremental orders which are going to come is going to come from the other verticals you will see a lot of orders coming on the wheel business on the braking business on the CV business so that’s where you’re going to see other aut books coming in got that so I mean I think the headline of course is that number that you gave right uh 2,000 3,000 crores from the from that Bonet Bonet train Bonet trans India private limited they make Wheel sets uh but that’s in a few years at least two three years right and that will require yeah and but you know year on year you’re now going to see incremental revenues coming in and and this will play a substantial role in in in our business itself because uh wheel sex today is about 30% of a overall cost of a of a wagon so there you will see uh now that becoming in-house and we are the only players who have this capacity so you will start seeing incremental AA margins coming in all right Mr Lya great to speak with you thank you very much we wish you all the best and uh good luck speak to you soon again so that is the management of uh Jupiter wagons with some perspective on the numbers the market at staged a nice decent recovery it’s still off the lows but we’re down about 55 points as things stand right now I mean the big movers in the last one hour or so are recc and PFC uh which are up 4 and a half 5% abishek outlined with the management s in that call and I mean I think one should also make a quick mention of igl which is now up 6% uh so that is uh you know very sharp move which is continued uh after the opening so it’s kind of kept on moving higher the next company on our radar is chumble fertilizer the company reported a mixed set of numbers in the fourth quarter iida and net profits expanded but revenues declined by 26% on a year on-year basis uh the management have said that they’ve a strong pipeline of 12 new products in F525 so let’s get some sense of what F525 will look like we’ve got Mr abai beel managing director at the company joining us now Mr Vel good morning good to have you with us here thank you very much for your time Prashant the side uh you know if I can start by asking you you know you saw low Uria volumes in the fourth quarter and there was some planned maintenance shutdowns which I think took a bite out of what you could have otherwise done could you tell us what kind of volume growth on the UA side can we expect an F525 and uh will you more than make up for what you lost during Q4 so prant the you right that we had two major shut shutdowns to do a PL maintenance that was for our plant number one and number two uh these volumes will be made up subsequently in the next year obviously once the plants start running and uh the growth will be uh see we are running these plants more or less flat out uh so unless we do some more capacity additions or do we will not be able to produce very much more but what we are looking at is margin expansion through Energy Efficiency projects that we have already completed so that would be the key driver for growth in terms of Abida next year what kind of numbers should be expect sir I mean if you uh if you want to guide the I would like to name a number because uh the the the business depends on three factors but is the gas price the dollar and the number these kind of numbers we can’t really predict going forward and these plants of course what we have planned to do we have done better than that what the initial results show us so we would be uh you know we have spent almost 185 crores on this uh Energy Efficiency projects and we expect good returns out of that uh you can take it that normally we do projects between four to 5 years payback we can make your guessing uh so I’ll come back to your overall business but I just want to talk a little bit about the balance sheet Mr belel because you are sitting on a debt of almost 1,400 crores now uh with the tan project going ahead can we assume that your debt will go up further if yes what is the maximum debt level that you’re comfortable with say by the end of fy2 in so I think this company is known for very strong C flows and going forward we are actually also sitting quite a bit of cash as of 31st March quite a bit of that will be settled against the loans we expect to be a very very low debt company towards the end of 202 and the when you say quantify it for us I would say that it will be close to zero and the second part is that in terms of tan I don’t think we have planned any borings for T no uh close to Zer I mean you’re sitting on debt of 1,400 crores right so you’re saying by the end of f we have cash also we have cash we have cash on the book yeah okay okay so by the end of fi25 you’re saying you’ll be close to zero debt okay go itad and this sub yeah okay go ahead no so Mr belel uh the the NBI thing that we have is you’re already a net cash company and you’re saying that even though you have the stand project you’ll continue to remain net cash did we get that correct because as of now you’re around 200 CR net cash yes yes right okay got that out of the way now what about the subsidy you received around I think you know 15,000 OD crow in the past year that was a little bit lower due to lower gas prices is there any subsidy that’s outstanding well in fact we are quite happy with the situation of the subsidy right now and I think with the government making adequate allocations uh we don’t see any problem on that going forward okay sorry you’re saying Mr you’re saying there no problem in receiving subsidies Etc yes yes yes I mean there’s no shortfall on the government side allocations of course of course you know uh you know there has been a revision in gas costs recently could you tell us uh you know what what what do you expect you said that’s one of the three variables which impacts the business quite a bit uh in your opinion I mean how’s how is that going to lastly going to pan out 525 as for the policy as for the policy there are two parts to the compensation that we get one is up to a certain uh assessed capacity and then thereafter the part which is thereafter is the one that is impacted by gas prices as well as the International import prices so that’s the part with uh lowering gas prices you get a better uh margin there on the other side uh at the same time because of Energy Efficiency projects whatever cost you can control your Energy Efficiency uh paybacks get better if gas prices grow so it’s a kind of a mixed bag and you have to see where the optimum uh operating conditions like you know if G International gas prices as many are forecasting uh come come under I mean fall quite a bit because of this anticipated gas glut uh what is the sensitivity to your earnings based on that second part I mean if gas prices come off quite a bit could you give us a sense I would say that uh the in terms of dollars per turn uh we would be varing by between $2 to3 per ton on every uh this uh plus and minus that happen because on the uh Beyond 100% production we will gain on the other side on the efficiency cost Improvement we don’t get that much payback so it is netted off if you netted off that almost $3 to4 a Time 3 to 4 a uh t a ton a ton of produce a product of the product product okay got that I mean that’s that’s that’s quite a bit right I mean that’s uh yeah okay got that uh thank you very much let’s hope uh you know gas costs come off not just for you but I guess it’ll be good for sorry said if it goes down too much then also there’s a problem it goes up too much also beyond for there’s a problem so there’s a netting yeah and plus minus both yeah got that but I think as a as a importer it’ll be net positive for the country thank you very much sir appreciate you joining in and uh running us through all of that detail well I think uh you know the taking stock of the market we are uh what actually it’s come up 35 points now that’s it so 22267 is where we are at and it’s a decent kind of recovery and it’s come from the 22185 is kind of levels which is around 3 to2 200 which mes was also talking about mes so the bounce is here can can we build on it your sense I think the first step you know that the level should be respected is happening we still haven’t got a reversal pattern but I think this bounce could still try and hit 22 320 and in a good case scenario 22400 so we still positive I think you know uh we did recommend some of our clients to take Longs at lower levels but yeah you have to be slightly Nimble because this is not still an uptrending Market this is a within the sideways choppy market so I think you know 22 320 and 22400 are the two Targets which I have penciled in for this bounce back and coming to uh individual stocks I have a buy on H after a few days of Correction the stock is at support area so buy here with a stop at 3730 for targets of 3845 and a sell on PR light some negative Candlestick pattern with the volumes is happening here so this could see more decline so fidl is a sell keep a stop at 2850 look for Target taret of around 27 35 okay it’s interesting pite despite decent numbers volume growth of almost 133% uh the stock is down in trade so clearly this Market is in a mood of taking profits despite decent earnings let’s dip into a quick break on the other side we’ll focus on all of these stocks that are moving on the back of news updates stay tuned [Music] e e e e [Music] well volas is a stock on our radar vakshi is here to tell us about the numbers and the stock move as well vakshi over to you well absolutely Sonia the stock is uh taking a knock in the trading session today and that is because the company posted a weak set of numbers in the fourth quarter Revenue was definitely a beat came in nearly 10% higher than what we were expecting but there on uh the iida was a Miss uh it was nearly 34% lower than what we were expecting and the net profit was a 52% Miss let me quickly take you through the numbers Revenue saw an uptick of almost 42.1% and this was largely being led by their UCP that is the unitary cooling products which grew by almost 44% and even EMP which is the electromechanical projects that also saw good growth of almost 47% on a year-on-year basis but when we look at the margins they’ve contracted sharply 28 four basis points lower on a year-on-year basis now coming in at 4.5% and this was largely led by the losses that the company generated from the EMP business they remained elevated and that is mainly on account of the provisioning in the international business the street was expecting the losses in this business to narrow however that has not transpired apart from that the evit margin of the UCP business was also expected to improve but again over here the UCP business margins have actually declined by almost 90 basis points on a year- on-ear basis so therefore leading to a Miss as far as the margins are concerned iida also saw a downtick of almost 12.6% and the net profit declined by almost 22% on a year- on-year basis apart from that the key negatives this time around were the loss in market share it’s a marginal loss the market share for the company in the RAC segment has declined to 18.7% as compared to 19% seen uh in December 2023 the international project business also continues to face headwinds is what the company has highlighted so overall weak set of numbers coming in for the counter and as a result the stock is declining in the trading session today okay all right that stock getting knocked back in today’s straight thanks a lot for that vaki the other one that’s pulling back in the biggest loose on the Nifty is Dr redus AA joins us to us in with more detailsa thanks for that well yes for Dr Red’s it’s under pressure the revenue was down on a reported basis or rather up by around 12 and a half% but versus expectations it was up around uh it was lower than expectations of growth of around 17% but on an adjust Ed basis it did come in line with expectations now iita was where the disappointment was the margins came in at around 26.4% the street was anticipating 27 to 28% this quarter the other key disappointment was the US business the US Revenue came in at$ 391 million the street was anticipating around $400 million in terms of sales and $391 million in fact uh came in lower than expect besides lower than expectations it was a sequential decline considering they did for $43 million in the previous quarter India adjusted for divestment of non-core business was okay it was up 11 o% they’re expecting double digit growth to continue Russia declined because of the currency War there but nonetheless um you know there was still a decline in the Russian market so I think the street didn’t like that guidance from the management they’ve guided for the margins to remain around the 25% range to expecting the rest of the world markets to grow in double digits they aim for 20 plus launches of products in the us they’re aiming to grow the domestic business at around 10% for fi25 X of the Nestle JV which they seem to be quite bullish on and they’ve also received a voluntary action indicated uh for their bachali formulation facility which was a little bit of an overhang so that too has been out of the way now brokerages are bit sanguin on it uh clsa has an underperform they believe the there is a midterm Outlook which is subdued which is led by us price erosion dependency on rim generic High acute MI in India Jeff has an underperform they believe the iita margins for fi25 should probably remain under pressure namura has a neutral they believe Q4 was a strong quarter okay thanks a lot AA for that let’s live into a quick break on the other side of the break we’ll connect with Rishi Anand who’s the MD and CEO of Adar Housing Finance the 3,000 CR rupe IPO opens for subscription today so we’ll find out more about that business in a bit [Music] e e e e e [Music] welcome back uh the secondary markets are doing fine with a nice bounce 35 points lower is all that there is now 22,0 266 uh we’ve got the primary Market action which was also of course been hot a bangaluru based uh Housing Finance Company Adar housing the IPO is opening today it’s a company which is focused and lends to the lower end of the sort of economic starter the population uh and the issue uh for 3,000 crores they want to raise 3,000 cres starts today the anchor book of course was done yesterday and they raised about 900 CR from there we have Mr Rishi Anam managing director and CEO of the company joining us here in the studios to take some questions uh Rishi great to have you with us here the outside let me wish you all the best of luck much needed uh so you know we were just chatting right 2010 you kicked off that’s right and you in 2024 now as we speak you’re at about what 18 19,000 about 20,000 cres of a a that’s right uh and you’ve grown at a kager of over 20% 20% over 20% in the last 3 years over 20% is that the rate of growth that one should expect investors viewers who are watching that one should expect going forward as well I would say at the size that we are 20,000 crores and the segment that we deal with 20% is quite a reasonable number okay 20% growth is a reasonable number Rishi good morning and thanks for joining in so 60% of your loans go to salary class 40% non-salaried tell us a little bit about what the demand Trends are looking like right now now what are the challenges that you’re facing because you know affordable housing the segment has seen a bit of a Slowdown in the last couple of weeks and months so when we talk about you know the segment we’ll have to first relate to what is the segment that we fund to we typically fund to the Lower State of the society which is the low-income housing segment we typically call them as economically weaker section and lower income group that’s the segment we cater to uh and then there is this question around you know how come salaried in this segment so when we deal with salary I can you know throw a few uh examples here so we fund to people who are government saled employees class four employees of government of India um police jawans Army jawans U drivers Maids so these are our customers U is this segment challenging as you asked I would say no because there is more than enough demand in this segment and if I were to quote a report by RBI in 2019 the total housing unit short for in the country stands at about 10 crores out of which 9.5 CR comes from the ews L segment that I cater to so there is more than enough demand to cater to okay all right uh thanks a lot sir for coming down well a couple of quick questions then uh you know you have an offs as well as uh you’re going to be ra primary Market as well so th000 CR comes back to the company how does it change your tier one ratio if you could help us out with that and I’m also looking at the breakup you know the non-home loans that’s gone up I think from around 15% to around 24% that’s right as a percentage of the mix how does it change so on both these two so at the at the AUM level at the company level uh in terms of the portfolio mix we are uh today 22% 23% non-home loans and when we say non-home loans in our kind of business the kind of segment that we cater to these are micro loan against property with an average ticket size of about 8 lakhs and on the home loan side our average ticket size stands at about 11 12 11 12 lakhs incremental on the book The Ticket size stands at 10 lakh Rupees so when we say U loan against property it is not the msme loan against High ticket loans these are very small micro loans and the way the management looks at it at any given point in time we will be in the range of about 7525 home loan to non-home loan ratio got it and how does it change your tier one ratio since your th000 crores will be coming back into uh the company so today in terms of uh tier one we stand at uh 39% and uh we should be hovering around so we will see at for example if I were to uh look at the Roe ratio how will they move the moment the primary comes in the Roe ratio which is at about 18.4% so should drop to about 17% and it a couple of years to be back into about 18 18.4% R you know another Housing Finance Company I was talking to he telling me that you know the journey from zero to about 12 13 14,000 cres ,000 cres I mean that’s like the it’s not a uh you know you you get there you get there fast and then after that it becomes a little it gets because the size becomes bigger after 15 you’re at 20 I mean just wanted to address so we’ve been we’ve been pondering around this question when we were less than 15,000 crores and we were asked these questions would anybody cross 15,000 CR in the segment we CER to we crossed that 15 CR Mark then the question was will we reach 20,000 crores as we speak today we are already 20,000 CR and I would go back and relate it to the demand there is more than sufficient demand so why not you know we are the largest by far in the segment that we deal with and we are a monoline company we have no other product lines and we would want to continue to grow in this segment is enough housing stock being built on that side I mean that’s again something a feedback one has heard that is largely now everyone wants to move up the price curve I mean see uh housing stock built U also relates to again I’ll come back to the segment what is my customer buying what is he doing with the money that I give him so 40% of my portfolio stands at a individual buying a ready built property from a second individual so it’s called resale in our parland and about 35 40% of my customer is doing self- construction he owns a plot he wants to do construction on it so whether a new housing is get created or not does not matter too much what my customer is buying is available in talking about typical apartment uh I mean that’s not the the the developer Le constru it is not prevalent in the segment that we more of individual resale okay U I’ll come to that in a bit you you were telling Nigel that the with the fund raise of thousand crores we were discussing a tier one ratio what would your tier one ratio be post that so what would it be uh let me come back to that question once again okay okay we’ll come back to you in a bit um you know you I want to know what is the affordable segment growth rate for the industry that you’re expecting I’m asking because you know we are seeing some signs of trouble right whether it is a job job situation is not that great cost of living has gone up inflation is hitting a lot of people so in this lower strata do you think the affordable housing segment may not grow as fast as what it did in the last couple of years in fact uh I would want to put it the other way around with our experience of 15 years with the segment that we talking about it is more volatile and more flexible segment and I would maybe take you time take you back to the covid times and postco times U what actually happened is this segment of the society were the first ones to come back to the jobs they were the first ones to and when I say volatile today one of my customers let’s say is a saled customer tomorrow morning he goes and opens a shop you know so very volatile very flexible customer segment we have not seen any degrowth in the segment in the last 3 to four years of postco at least okay all right so we’ll wait by for you to come back on the tier one ratio how things change out there but I think one thing that supporting you is the valuation wise it has some comfort in comparison to the listed peers and that chart should come up for our viewers on the screen final question sir before we let you go the NIMS have been improving and as you mentioned the non-home loans as well that part of the business has been moving up right do you have further uh you know levels in place to see it open because if we pull up a chart the NIMS have improved nicely over the last few years that’s right so names are names today close are upward of 88.5% close to about 9% the way names work is you know we we typically at the organization level we work on something called spreads and the spreads are topped up by treasury income so we the what we follow is spread we’ve been at a healthy spread of anywhere between upward of 5 and 1 half% to 6% which is a major contributor to Nims U the management fields that we will be able to sustain these kind of spreads as we move ahead in the business well we wish you well sir appreciate you joining in and giving thank you so much fair uh you know Fair uh insights on the business we look forward to the listing and on that maybe in fact we’ll press you for a few more numbers and all the best with the listing thank you for being with us good day thank you byebye with that it is a wrap on on chart on Bazar thanks a lot for watching with chart Busters will come up [Music] next e e e e e e [Music] Dr red stock slumping in today’s trading session the top Nifty loser after its fourth quarter numbers mistre expectations margins contract sequentially while us and Russia businesses disappoint managements tell CNBC TV8 that the margin was higher by expenses and uh they expect the India business to grow in double digits going ahead volas losers in trade on the back of a week showing in the fourth quarter they bit on the margins Mis estimates while cooling products market share declines as well the stock is down 7% igl gains after the fourth quarter numbers meet expectations Revenue Rises 1.2% sequentially while volume is at multi quarter high pite as well is down in trade as aita misses estimates due to higher branding expenses brokerage City issues a sell call with a Target price of 2,200 rupes a Che RC recovers from a two-day losing streak after the management clarifies that the RBI has draft guidelines on Project financing with
Gift Nifty indicates flat start for Dalal Street following a mixed closed on Wall Street. Asian markets lower led by Japanese Nikkei down over 1%.
#marketopening #sensex #nifty #stockmarketupdates #sharemarkettoday #cnbctv18 #businessnews #businessnewstoday #businessnewsinenglish #sharemarkettoday
🔴CNBC TV18 LIVE TV: https://youtube.com/live/P857H4ej-MQ
SUBSCRIBE to our Channel: https://bit.ly/3nvEcxf
———————————————————————————————————————
👑 Check Out Top CNBC TV18 Playlist Videos:
🔹CNBC TV18 Budget 2024: https://www.youtube.com/playlist?list=PLjq9mRS1PfGAh4mRbMxpMJTx7EXzii-Uf
🔹CNBC TV18 Digital Podcast: https://www.youtube.com/playlist?list=PLjq9mRS1PfGCUcGVQvYyDQ6VVHoo3ZDKJ
🔹Sounding Board: https://www.youtube.com/playlist?list=PLjq9mRS1PfGBbB2dV2tyHdzx_k9EqvVEm
🔹International Videos: https://www.youtube.com/playlist?list=PLjq9mRS1PfGDZ-Dkz-VpCDqqmWThJ3YJw
🔹CNBC TV18 Market Cafe: https://www.youtube.com/playlist?list=PLjq9mRS1PfGDANftdnJchuL-WPpSv5rmH
🔹CNBC TV18 Digital: https://www.youtube.com/playlist?list=PLjq9mRS1PfGDLhtM8FzErPcjmJRQ4I5cZ
🔹CNBC TV18 Weekend Special: https://www.youtube.com/playlist?list=PLjq9mRS1PfGBHEa5NnoKuUsX5GwxEGuri
🔹CNBC TV18 Next-Gen: https://www.youtube.com/playlist?list=PLjq9mRS1PfGA6roe9q3J9fq_gBIDjX2w7
🔹Overdrive Show: https://www.youtube.com/playlist?list=PLjq9mRS1PfGCnSVjfbWfNCJLrv-CqfGmH
🔹Young Turks: https://www.youtube.com/playlist?list=PLjq9mRS1PfGBZaN1e38X2ZmevnU1e1NJs
🔹Startup Streets: https://www.youtube.com/playlist?list=PLjq9mRS1PfGD3CzrtMr_VJRbIly6sfyFI
————————————————————————————
You can also connect with CNBC-TV18 News Online
Catch the latest news: https://bit.ly/2YbpXBM
Follow CNBC-TV18 round the clock: https://www.cnbctv18.com/live-tv/
Stay updated with all the market action in real time: https://www.cnbctv18.com/market-live/
You can also stay updated with all the latest news on-the-go with CNBC-TV18 Minis: https://www.cnbctv18.com/minis/
Like us on Facebook: https://www.facebook.com/cnbctv18india/
Follow us on Twitter: https://twitter.com/CNBCTV18News
Follow us on Instagram: https://www.instagram.com/cnbctv18india/
Catch us on: Linkedin: https://in.linkedin.com/company/cnbc-tv18
n18oc_business
About CNBC-TV18: India’s leading business news channel, CNBC-TV18 offers the most comprehensive coverage of businesses, the economy and the financial markets. Catch all your favourite shows, exclusive videos, big-ticket interviews and more here.