Discover the Hospital Receipt Format for Enterprises with airSlate SignNow

Hospital receipt format for enterprises

India's Market News headquarters Cutting Edge analysis influential insights Market moving intelligence broadcasting live from the CNBC tv18 multil oswal studios in Mumbai [Music] hello and welcome to Bazar Morning Call coming to you live from the CNBC TV8 moila oswal studio uh I'm latesh with me surhi and Rema and on behalf of all of us a very happy Christmas to all of you out there very Merry Christmas Merry Christmas to everybody yeah yeah it's the season to be jolly absolutely season to party as you can see we're trying to do our little bit and we are in Christmas colors here as well but I think the street is going to be happy because Santa finally showed up showed up and uh you know bulls will hope and pray that Santa stays for a while doesn't leave in a Jeffy well I'm not sure how seriously I would take uh Santa's visit yesterday in fact let me start on that note uh we did see a bit of Santa more emphatically in the US even they had about 10 days of uh lower closes and then for the last two days they have seen some green on the screen yesterday was clearly emphatic on the NASDAQ coming up you know 1% it was very clearly uh positive but I don't know how much of that is going to brim over to Emerging Markets because the other indicators were anti- Emerging Markets or not Clement to uh you know EMS especially the dollar Index going back above the 108 Mark and the yields which fell a bit because of the uh pce inflation coming in as a little lower than expected even that went back to the 4.58% mark you know bond yields higher and dollar Index higher can never be good for countries like us because it is so tempting to be in dollars and to buy absolutely risk-free us bonds which will give you 4.58 and perhaps a little more because of the currency appreciation now what was happening in India the rupee fell and that's the important part it closed at its lowest point of 8512 or 8511 despite the fact that we had a positive Equity closing and we had uh dollar Index dipping dipping below the 108 Mark to 107.6 at one point in time it looked fairly good uh but the rupee did not take any of the positives because there was a lot of importer buying the moment you get it uh below the 85 Mark there was a lot of buying and it went back and closed higher so once again the fii buying yesterday no it wasn't buying it was selling it was only 170 CR but that was not because they seem to be weary of selling but probably more because of holidays that people are not out there to work so that's why I wouldn't take Santa's presence on Monday very seriously uh it seems to be more because the FI were not selling in all their Fury and therefore people stayed away uh the only Santa I see in the picture is in tech stocks both NASDAQ is higher the do is stronger uh for every very good reasons I would think the tech stocks can still stage a rally today but I leave it to Rema and you to decide for that but I I guess the markets had such a drubbing in the last couple of months that even if it is a false rally the Bulls will take it for what it's worth at least it's not sort of splashing the screen with all kinds of red and maybe they'll hope for some of that even if it's a false Rally or a rally that you don't really believe you know because the FBI are away for what it's worth maybe uh you know the Bulls will hope for more of that because we're seeing that play out across a lot of the regional markets as well trade is very thin volumes are very light markets like Australia uh Hong Kong even Singapore I think all these markets are closing out very very early for the Christmas holiday holiday there's no trade tomorrow uh so uh let's see volumes have been on the dipping side but there's interesting news and data out of Japan so I just want to put that on the table first the boj minutes remember the bank of Japan did not hike rates because it was waiting and watching to see what the FED does what the implications are going to be once Donald Trump takes office but we know that inflation has been rising in Japan the last print was also higher that's exactly what the minutes note they're saying that if inflation moves along expected lines if it keeps trending higher then rate hikes are possible and the boj May reach 1% on its Benchmark rate by late 2025 so that's interesting and I think that's the Market's expectation as well the boj is not going to reverse gear so easily if inflation is trending higher it will come out with hikes but it's being very measured looking at the international picture as well more news from Japan Honda is the biggest headline in the region in the last 24 hours because of the merger talks with Nissan the shares there are surging 15 16% and not just that Honda this morning announced a massive buyback Honda is buying back 24% of its equities it's 7 billion dollar buyback that Honda has announced the street is absolutely loving it that's a big headline in the region as well uh quick word on oil prices fairly range Mount actually yesterday oil fell it was down to almost 72 this morning there's a bit of a pickup once again but the forecast that I picked up this morning is really uh encouraging at least for us here in India this is mcquire saying that the average for the year is going to be about 70 and a half which is so much better from the near 80 that's where you know if you talk about the average in 2024 then oil average close to 80 so it'll be a whole $10 lower that's the expectation as we get into the new year so that's good news um so we've discussed of course the pullback on our street yesterday back largely by domestic Bank domestic Bank was pretty good actually once again clearly domestic mutual funds have not gone on holiday mode because they're very active in the market but I think the sector that I'll focus on today is going to be telecom and Rema is going to tell us more about it little unusual we've not heard the government or the regulator come in and talk about tariffs or product pricing but yesterday there was a note and there was sort of uh some chatter in the form of recommendations that uh should uh Telecom service providers think of bringing back the pure voice packs nonata just pure voice small packs and TR I said that this would be very helpful for people in rural areas particularly Elders who perhaps don't need the data so very interesting it's a recommendation it's not a dictat how will the market take it how will regul how will the companies take it that's what we will wait for and I don't Rema must have already been working the phones to try and figure this out so there's more coming from her on this in just a bit well uh let's get to the good news right across the world many markets are shut early today the not so good news is that we've got a full trading day but us markets shut today but even in Asia you've got New Zealand Australia Hong Kong and Singapore all these markets will be shutting early today so it's indeed going to be a holiday thin trade and tomorrow across the world global Equity markets are shut there was also weak economic data coming out of the US there were two key data points one the conference board's consumer confidence index fell to 104.7 in December lower than estimates of 113 and secondly the non durable goods orders have declined by over 1% in the month of November but you know guys I'm feeling the Santa spirit and I think there is going to be a little bit of a supportive environment for equities just purely because that fi selling is out right that was such a big headwin and now that it's out of the way and domestic buying is very much intact will at least on the liquidity front you know you got that support and plus even the IPO action which was sucking out so much liquidity now that's come to an end towards the year end there are no new IPOs which are asking investors for subscription so at least on the liquidity front I think the environment is a little bit more uh supportive uh but of course it's not fundamentals but it's on the liquidity front yeah mice can be at play When the cat is well cat oh absolutely but guys by the way I'm sure all of us have noticed here in Mumbai the series decked up like never before for Christmas it's very very festive out there so I'm sure Market participants portfolio managers money managers they themselves will look out for a couple of good you know fun days ahead so on that positive note let's get started with the C call of the morning we have uh sadri sen of MK who says that a strong market and enhanced flows have pushed the share of equities in household domestic savings nearly two times to 31% since fy16 as for their estimates he says the Indian market is therefore more resilient to FBI selling and the trend is here to stay he sees lower fixed income yields among other factors continuing to push Savers towards equities for another 8 to 10 years he says domestic mutual fund funds are more exposed to small and midcaps and FBI and are taking more active sectoral bets he believes this will continue driving small and midcap outperformance and we are dragged about heavyweight sectors like financials and Staples okay well that is a positive uh it's something we underestimate the inflation targeting regime uh bringing yields down has you know directionally changed Indian household savings but that puts greater responsibility on mutual fund managers to uh deliver well on that uh note let's invite our first guest of the morning on this festive Christmas morning Mark Matthew of Bank Julius be joins us Mark good morning and really grateful that uh you're taking time off on a holiday season to be with us a very very happy Christmas to you from all of us here Merry Christmas to you too by the way it is a work day here in Singapore okay it is a work day in India as well and we work on Jan first as well so uh I think uh we steal a March over the others but to come back to markets uh you know we continue to see uh the US exceptionalism playing out are you seeing that peing any point uh that you know the dollar doesn't rise anymore us yields don't rise anymore so money comes back to Emerging Markets anytime in the next quarter of 2025 uh I can't really speak for the Emerging Markets but I do think the US market uh is putting in a top and there three reasons for that the first is that the market is expensive it has only been this expensive two times before the dotom bubble and the pandemic stimulus bubble uh the second thing is that the breadth of the market is narrow um less than 40% of the S&P member companies are trading above their 50-day moving averages and um the last thing is that we saw in the Fed uh statement and summary of economic projections last week that inflation is a concern for them um if memory serves me right the number of uh contributing uh uh the number of the the FED U officials who who contribute their forecasts who felt that uh there was upside risk to inflation that number went from just three in September which was the last time they released their summary of economic projections to 15 out of 19 and in other words almost everybody and I think um I I can't entirely see why inflation should go up but um I think it it is a major risk and so that's the cherry on the top of of a of a peak in the market if if all of a sudden we're not talking about the FED cutting rates anymore maybe even talking about them tightening let follow up uh if you expect the US markets to top where would smart money go would it come to em and what would be the pecking order in well it depends on why it would Peak um and um I think it would probably go uh more into uh I'm not exactly sure I think it would go into cash to be honest in the beginning uh just to figure out what the lay of the land is but Emerging Markets um I I doubt they would be be first on the list of things people would look to when they when they were are drisking into a rising rate environment and maybe one of those reasons is because we don't know what's really happening with all these tariff Wars and what direction US policy will take which Emerging Market will get penalized and how right Mark hi and seasons greetings to you so on that uh so we have to watch out for obviously as you said the direction of inflation in the US uh the rate cut expectations have been tempered now when Trump takes office what are the the key things that you'll watch and uh you know how important is it going to be for markets what should we track uh once the market comes back in January Post New Year well lots of things uh whether they'll be able to cut or extend taxes uh cut taxes or extend the existing tax breaks whether they'll be able to deregulate Major sectors of the economy whether uh they can cut excess spending in the federal government of course um relations with neighbors principally Mexico and Canada where they've threatened 25% tariffs on both uh relations with China so so many different moving Parts um if I may say in general I think they will be able to do some of what they've said but uh if I had to put a number on it maybe 20% uh it's not so easy to do these things uh but the net effect I believe would be a creative to US GDP growth and therefore uh indirectly inflation uh Mark hi are you of the opinion that the Indian Equity markets too are topping out well if the US goes into a bare Market I I can't really recall previous instances where um you know India didn't go down as well so in a in a major you know in excessive 20% fall in the US market uh I sincerely doubt the Indian market would be able to withstand that um I I'd like to just say that we're not um saying that the top is in but we're saying that there's a process that we think is unfolding where where uh top is coming and we don't like to uh sell before the top so we're fully invested but we are foreseeing uh an occasion some point um uh next year where where the market will have a sizable correction and uh when I'm talking sizable I'm talking in excess of 20% uh India would go down too that's that's a that's a big call Mark I mean that one that's going to stand out in our minds for sure let me just ask you why do you feel that the US could correct by 20% I take the point on inflation but if growth continues to be as strong as it did I mean there's no there's no recession in sight right early 2024 everybody was worried about recession look at it now 3.1% GDP print the last GDP so if growth remains so strong then will equities really sell off in this fashion uh well you know what I'd say is that uh in my little career I what I've noticed is in in sessions are impossible to predict the economists who predict them are are just lucky that's all um and you you can look at so many studies to to show that um hardly any of the recessions that have happened were uh called for by the by the majority of of an economists um within a year prior to them happening so um as much as Trump is PR growth which he is um I could I could give you several examples from Grover Cleveland to George B Senor of other progrowth pro market presidents who who came into office and and um and there was a recession that's the nature of recessions it's they're very difficult there's so many you know there millions of moving Parts in in the economy so forecasting them is I think uh practically impossible so now that I've said that I'll also say that the other problem with the US is that it's gone up 60% in the last two years uh and so it's expensive um it has only been this expensive uh twice uh in uh the past and uh that makes it vulnerable to a correction okay well point taken uh Mark uh for starters the conference board data was not very good so there are uh you know small uh red flags here and there I know Mark is not giving us very good news but uh over the year over the year end it's always good to be warned of what can happen that also is a Christmas gift thank you very much Mark and I hope you have a brilliant t 25 thank you well that's the word coming in from Mark Matthew of Julius bear warning that the US may give us a scare personally I'm worried that it may give us a scare because of an accident like cryptocurrencies or something like that yeah more than growth slowing down which can happen you know a little more slowly the big fear of uh giving boost to something over which uh Market Regulators have no control well and there are lots of crypto Bulls in this new Administration so let's see it promis us to be an interesting ride let's quickly move on and tell you what we've uh got coming for you on the show today lots of corporate interactions are lined up at 8:35 we'll be speaking with Ashish R for Orin Pro Solutions the company has acquired 100% stake in Phoenix's SAS uh for about € 10 million EUR so we'll find out how that helps them at 9:00 a.m. we'll be in conversation with shirish PES of Centrum to talk about some of the major Trends in the fmcg sector is there a recovery inside in 2025 at 9:20 Rahul Aurora of nmal bang equities joins in he's our Market Master of the day at 9:30 we get chatting with the management of mud Finance big big concern about the mfi sector but will it get better from the fourth quarter of fi 25 onwards are we at the at the bottom here that's what we'll ask Mr George Alexander mut after that we get chatting with the Mr saath of's technology is one of the best performing stocks and sectors of the year the EMS play so what is the outlook for 2025 is the AUD book still looking as robust and uh you know what are they seeing ahead on the horizons that's what we discuss at about 950 alok Mishra of micro Finance industry Network and awaria kelal of uh uh India ratings joins in we talk about some of the key big trends in the micr finance sector and by the end of the show in our special segment Outlook 2025 we have L joining uh Samir aora today for a conversation that promises to very very interesting time for a shop break but we've got lots of stock specific action to track today and we'll get to it in just a bit in our special top 10 segment we're looking at World poool PG electroplast Symphony oroy realy gpes cotton Oran Pro Solutions these stocks could be higher in today's trade Reliance bti AEL vhone idea SBI cards are the stocks that are on our radar that could open in the red and finally in some tragic news uh veteran filmmaker sham binal often regarded as one of the most influential filmmakers and indeed intellectuals of our time passed away yesterday the veteran filmmaker took his last breath in mumbai's wart hospital where he was undergoing treatment for uh chronic kidney problems sham benal was honored with the national film Award for best feature film in uh Hindi a record seven times he has received the V shantaram Lifetime Achievement Award in 2018 through his career benal received numerous accolades including the padmashri padmabhushan the Dada sah falky award which is India's highest honor in cinema Old-Timers like me will of course remember so many of sham bal's films starting from anur Nishant Manan and the more latest of course well done ABA which kind of rings in his sense of humor and uh satire in that movie and the positivism the optimism you know uh that you can make a difference in a bureaucracy ridden world [Music] [Music] welcome back so uh like we've been pointing out there are markets around the region which are showing some green it's a little mix right now for us the gift nift is actually down 40 points so let's see uh which way we go but lots of stocks to track as always and our team is standing by with the CNBC TV 18 list of top stocks for the morning uh abishek I'll start with you this there's a credit card data that's come out today how does it look for SBI card uh well credit card data take it with a pinch of salt given the fact that in the previous month October we had the festive season of Diwali and last year you had Diwali in the month of November so there is an effect of you know the base Yi and month- on Monon as well however SBI card has lost massive market share which I'll ader into uh industry-wise the card insurances is up 11.7% Yi and about 3% month on month the spends are up fin half% Yi and they have declined by 16% on a month- on-month basis so average ticket size is down 5.7% Yi and about 16 a half% month on month for SBI card the card insurances have grown by only 99.8% whyi when compared to Industry average of 11.7% however month on month their card issuances have grown by 1.2% while industry has grown by 3% only spends they are down 19.7% VY and about 20 .9% month- on month the average ticket size that's down massively by 27% Yi and nearly 22% month on month so in terms of cards their market share is at 18.7% when compared to 18.5% month on month and about 19% on a Yi basis however the spend market share that's down massively to 14.9% when compared to 195% that they had on a year-on-year basis and about 15.8% on a month-on-month basis so losing the market share inps have given a red tick on SBI card today back to you thank you very much abishek that's extremely well put uh the industry you may see some month-on-month declines because of the festival season uh in the previous month but asbi has done much worse than the industry that's a very important point and me thinks uh just a deviation it was not a sensible idea to W to you know to Hive off SBI cards from the main SBI you know HDFC bank is making money primarily because they've given free cards to the HDFC home loan guys I mean you already trusted them with whatever 40 lakhs one CR give them a card as well you know you must envelop it with uh the uh uh savings data and Loan Data that the bank has perhaps hiving it off was not the best of ideas but anyway that discussion for another day stocks and news upasana you have a list good morning first up let me start with PG electroplast and World poool both these stocks will remain in Focus today as both these companies have signed a definitive agreement for contract manufacturing for select models of world pool's branded semi-automatic washing machine now under this agreement PG electr plus will manufacture some of the skus for world poool at its Factory in rukie and mind you that the PG electroplast is already an existing supplier of world pool's branded air conditioners now what the company has highlighted is both these companies that is world poool and PG electroplast will continue to evaluate the potential expansion opportunities further next up is symphony even this stock will be in Focus company has launched 17 new air cooler models and what company has said that they have received overwhelming response from its trade Partners company has received highest ever off season Advanced collection for its new products and most of the revenue from these new models will be recognized in March 2025 is what the company is indicated hence both these stocks will remain on our radar and I expect both of them to open in green today thank you very much for that over to Vinnie now for some more stocks in the news good morning yes so let's start with OBO realy that one is going to be in Focus expecting a positive move here after they've signed a development agreement for 81 acres of land this is in alibag Maharashtra now they plan to build and construct a luxury festar hotel or a resort in that 8.6 acre part of the land and this is around a 328,000 square meter land in rard which they're looking to develop so an interesting move uh and is what we're expecting in terms of over oid reality going forward as well uh Grieves gotten keep an eye out on that one after subsidary geves Electric Mobility has filed for a drhp now obviously they plan to raise around 1,000 cres through uh IPO fresh issue and there's also an offs in the offs we'll be seeing geves cotton obviously one of the top shareholders of gaves uh Electric Mobility as well as one of these investment companies and investment groups that's Abdul Latif J green Mobility that will also be looking to sell some shares in this offs for the green gaves Electric Mobility so keep an eye out on this one uh other than that we have Oran Pro that is also expected to open in the green uh they've announced an expansion into the European markets with the acquisition of finexus and this is around a 10 EUR 10 million euro ex cash transaction which is taking place for the 100% stake in the company so keeping an eye out on all of these stocks today expected to open in the green okay got that thanks very much Vinnie in fact we'll be chatting with the audan Pro Management to figure out how this acquisition helps them and what the overall business out look is like Ashish R will be with us in just a bit from now but let's AC head across to Rema Rema now tell us this whole tii recommendation that you know bring back the old pure voice facts what does it mean uh so basically remember TI is a regulatory body and they can only make recommendations on tariffs tariffs are under forbearance which means the tele companies have the right to price their tariffs there will not be any regul there can be a regulatory nudge but there cannot be a regulatory dictat on how to price tariffs now what yesterday I mean what tii recommended yesterday is that also introduced only voice in SMS packs there are many people who don't want data but because the packs are all bundled together you get Voice SMS and data uh it's forced on people who don't need it and therefore there is a need for only a voice and an SMS data pack now Telos have two options right you have a current entry level pack which includes voice data and uh SMS you can say that I'm introducing another pack I mean another um you know price point which could be lower now for instance the entry level pack is about 199 rupees which includes also 2GB of data 28 days Etc 100 smss some voice calls you know thrown in now you can say that for only voice and SMS no data I'm excluding data I will price this lower at 15 R now the risk for Telos is that some of the customers will down trade and they will lose revenues on that front but the other option that telecom companies have is that saying that the 199 pack which is the entry level pack Remains the Same I'm just excluding data from it give you more voice minutes and this has only voice and SMS and if you want data then you need to upgrade to the higher value pack so now the ball is in the Telecom company's Court this is clearly a nut from the regulatory authorities to introduce more affordable packs Don't Force data on them but I think the way the street is going to read it at least for now till pending Clarity from the telecom companies is that given that we're such a price conscious and there's always been price aggression that maybe there is a risk that the telecom companies introduce a cheaper variant uh you know uh plan and therefore there is that risk of down trading which could pressure the company's Financial my point would be bureaucrats in the try don't have the commercial sense that a telecom company will have their own money is on the line so if this was commercially viable they would have thought of it before the bureaucrat but the bureaucrats are thinking of yeah that's and that can only be recommendatory so I don't know whether we should run away with the idea that negative at all it may not be telecom companies have the right to say that you know my entry level plan now excludes data it only includes voice and SMS take it because anyway everyone's already paying for that that's the minimum amount and if you want data then you upgrade and that would be positive for you know Telecom uh companies so it depends you know uh how this plays out but interesting development so recap now of all the stocks okay let's uh do a quick recap then so stocks with positive news flow are wpo PG electroplast Symphony or realy GPS cotton Oran Pro Solutions stocks with negative news flow are the telecom companies perhaps we'll have to see how this plays out and SBI cards okay with that let's go over to Manisha Gupta to get a round up of all the commodity Market action Manisha tell us what should we be prepared well uh one of high volumes and very very thin trading uh numbers coming in here the markets also have in the meanwhile seen some strength come back in case of the crude oil prices that is because uh the Trump is now threatening to reclaim Panama Canal accusing it of excessive usage fees remember 2% of global oil flows through Panama Canal so various statements still coming in from the US president-elect are keeping the market edgy here in the other news we also are looking at some more pressure continuing for the metal prices the strength in US dollar is putting pressure but for the gold prices we still are up by 27% in this year this by the way is the best yearly gain since 2010 that we have seen for gold uh copper is still trading at a three-month lows aluminum and zinc prices still continue to decline the US uh PC numbers coming in soft for the month of November are putting pressure and then the lack of China fiscal support demand concerns as we are stepping into 2025 also Weighing on so most of these metal prices which did perform very strongly in the first half of 2024 haven't done that in the second half of this year and we have washed away quite a bit of gains but the markets will watch out on what the US does before it heads for the the big long weekend here uh very jit is all I can say as in the Asian markets right now okay thank you very much for that Manisha Gupta jittery but thin trades uh most people away on holiday so in a holiday thin trade there is likely to be heightened speculative activity we take a short break on that note but when we come back we are going to connect with himang jnani who will take us through a lot of uh uh fundamental analysis of stocks [Music] [Music] welcome back Asian market is largely positive today hangang is up more than 1% cosp though is in the red and in the entire Emerging Market Basket this year in 2024 the Korean market the South Korean market is the only one to report a negative um you know return uh Cosby is down 8% in 2024 and it's the only Asian market to end 2024 in the red um and um you know there is some consumer sentiment data and that's also fairly muted at the lowest level since October of 2008 which is basically the financial crisis but hang Jani is now with us uh to talk about individual stocks himang first come in on the telecom stocks and this TR recommendation that introduce only an SMS and voice back how will the telecom companies respond to that and would investors be worried that you know uh we could be we could be in for cheaper tariffs now thanks for having me uh so clearly uh let's get a perspective on the total component of the nonata subscriber for bti Vodafone and Gio so farti accounts for about 15% of the revenue coming from the non data subscribers vone is 20% and uh GI technically is classified as data subscriber only but uh you know almost about 5050 to 70 million uh of the geone users are are prone to some sort of a Down trading now it remains to be seen how exactly the telecom companies respond to this uh and will there be a separate uh you know price point or offering for the you know non dat users uh so to that extent there is a possibility of some sort of a Down trading But ultimately it will entirely depend upon you know Telecom company so maybe a bit of a negative reaction for you know the telecom companies but I don't think there is a case for a substantial correction on this news okay good morning himang good to have you with us uh uh especially when a lot of guests are not obliging their h on holiday thank you very much for joining us well first St I want to ask you at the moment are you a net buyer because the market has given you almost a 10% correction is this a good buy time or do you think you will still wait good morning L uh so yes I think uh after you know almost disaster or Q2 and the fact that you know Trends have not really reversed in a major way for many sectors people are going into the earning season with a lot of caution particularly on the consumption side even the uh you know government kex does not seem to have revived in a big way so I think people will look out for Pockets where you can see a bit of for positive surprise so you know something like Spirit companies maybe some of the banks uh you know Auto you can have a little bit of surprise come through from names like Mahindra Mahendra also one important aspect is in the micro Finance which actually surprise everybody Big Time negatively uh there are indications that you could see even far bigger surprise because the stress uh as far as the micr finance sector is concerned is still not out of the way so I think we will have to be far more stock specific sector specific when you're approaching the market at this point okay no uh there's actually mixed data we will have our colleague sudarshan present the data he has the vahan registration numbers from December 1 to 24 and it looks like two wheelers is really bad still down 20% year on year uh but at least personal vehicles are flat they haven't fallen and this is year on year you can't even complain that people don't buy in December because it is seasonally a adjusted data we will have sashan come and give us that data but heong there is some positive news we got from Symphony they have said to the stock exchange that the advanced money they have got for the new air coolers for the summer season that is Advanced payments is excellent I mean among some kind of a record uh is there any pocket in consumer durables or discretionarily space I think Spirit companies uh you know our interactions with the management clearly uh suggest that both in terms of the high-end or the premium product volume and on the margin side things are very well placed also I think uh you know some of the uh you know companies on the manufacturing side like PG Electro you know Dixon Amber those companies continue to do well so I think these are the pockets that we would be looking to buy into this PG electr Plus what a rally it's had just last week or 10 days back they did a qip they raised 1500 CR rupees and the price point for that qip was 690 to 699 rupees and look at the stock price now 950 rupees and this qip happened in the month of December itself in the first half of uh December 30% up move in the month of December and this year it's 300% higher and today of course as fresh news the compan has entered into contract manufacturing agreement with walpool to manufacture certain uh you know models of washing machines him would you go out and buy PG electroplast at these levels and after this kind of a rally Rema yes uh the stock has done exceptionally well last one month or you know year to date and clearly I think in a scenario where many companies and sectors are struggling with growth you have very fewer Pockets you know like uh PG Electro or maybe Dixon Amber uh these are the pockets which are showing you lot of growth and the fact that the companies have invested in the kacks OR raise money would mean that the trend will continue so I do find that the runup is you know huge and the valuations are not cheap by any stretch of imagination but because of the lack of availability of better options uh you know in the value or comfort zone people would want to have some part of their portfolio in these names so from that perspective I do like PG Electro I think it still offers another 25 30% kind of an uptick even from current levels heang request you to stay on uh inviting the management of orian pro Solutions now the company has announced its expansion into the European market with the acquisition of of fenix's uh for 10 million e um to discuss this we have Ashish Ry Global CEO at orian Pro Solutions joining in Ashish thank you for joining in um Santa's come with an acquisition for you uh the gift he's bought is fenix's so tell us a little bit more about the company that you required the rationale behind it and what are the margins and the kind of growth rate uh this company has enjoyed in the past and how can you scale it up yeah hi good morning first of all thanks for uh thanks for having me that was a nice comment uh look fixis we've been extremely um impressed with and very very excited we've been partnering with fexus for some time uh it's a highly specialized um you know Capital markets consulting firm um partners with some of the largest banks in Europe and in Middle Eastern Africa uh in terms of their you know the trading book Transformations right so I think it was sort of very very strategic to us one um as as as as you may know you know we've got a a lot of tier one offerings you know soft products in the Enterprise application space around around the banking book um we are uh pretty much the leaders in Asia on a lot of these Solutions and we you know this this sort of helps us expand those offerings out into the European market you know both from a Services capability standpoint as well as a go to market standpoint as well as the relationship with the largest banks uh plus it also allows us to build out a global capability on the Capital Market side where you know a lot of it is centered around our partnership with bux fex is also happens to be a partner um and we are very strong in Asia and Middle East and fex is very strong in Europe and the Middle East right so so we sort of bring that together into a global Capital markets capability right on your question yeah yeah two questions margins of fenix's uh will it be EPS creative and two uh what is the current contribution of Europe and how much would it go up to so Europe for us right now is is near zero um right so we we had a stated uh strategic plan at the beginning of the year to expand into Europe this year I think with this acquisition we we really strengthen that overall so next year it should be a pretty sign you know material percentage I think we should be for the next years nudging two double digits margins yes it would be EPS secretive um finexis is a profitable firm um we don't really Infuse any Capital into the business right now over time we believe over the next 18 months uh we will be able to drive uh the Phoenix's business to our Enterprise margin levels right which is at 20% plus levels uh that was exactly what I going to ask you Ashish you know this is a fairly competitive Place uh we just heard from nsse their nsse IT company has been spun off uh into New Summit and they offer a lot of capital uh market products NASDAQ has its own software unit which provides Capital market products so uh fix's margins would be under pressure because of competition it does it come up to oron PR's level at all in terms of margins that's a great question L I think the way to look at it is this um one is fex is Standalone as a pure Services player existing out there second is orian Pro with its um Enterprise products with this IP Le offerings and then extending the fexus services capability to orian Pro stack as well as well uh right so most of the operating leverage for us comes from expansion on the product side I think on the services side as well we believe this is a highly specialized um offering right together with our capabilities offshore you can create large Global you know dual shore multi- shore capabilities uh for the large Global Banks so I think even on the services side we we feel very good about being able to get to the services level because this is not commoditized services this is not software development this is around services around very specialized I think we can maintain margins there and then as we extend the orian pro product stack and build out our services cability in Europe I believe that will really um bring us up both growth levels as well as margin levels to to our Enterprise levels so so ashes just to complete this point uh margins for finexus will come up to 20% in how many quarters I think over the next 18 months we should be able to you know get the the growth numbers up uh to to you know orent Pro kind of levels which is 30% odd and should be able to get the margins up to the Enterprise levels okay word on your so just a just a you know further question on an Outlook as well uh you earlier have told us that for this year fi25 I think the revenue guidance is 30 30 to 35% Abida guidance is 20 to 22% so I want a broader view now and you're very bullish on on your us business uh as we go forward what have you started hearing from clients because we'll have the new dispensation comeing uh Donald Trump as well and what would be your mix between uh onshore and offsite right now and are you prepared if there is a sort of uh you know anything on immigration on H1B visas what are you looking out for considering that you're quite optimistic on the US Outlook yeah so look um the 30 to 35% guidance for the year we are very firm on We Will We Will land in in in that band uh probably slightly up for ADV bias um the uh us will climb up um to almost you know double digit percentage level on the overall business so I think that you're totally right we are very bullish on the growth that we seeing in the US uh we are not that affected by um things like immigration policies and all because we are a we a products vendor uh in US We Exist through one uh our presence on the transit payments site we are a technology provider to close loop to open loop Transformations happening across us and and second is on the on the product side where we provide Payments Technology banking technology to a to to certain Partners right so I think we're not very resource intensive um I I think you know overall um we have a product stack that's now more or less proven to be um sort of you know very very strong um and and you know top tier in the world we are leaders in many of those spaces in Asia so it's a question of organically expanding into more markets whether it's Europe or us and and proving that same uh sort of leadership in in those markets right we feel and these are all you know products which have proven with large Banks um you know across across Asia across us now right so so so we feel very good about being able to expand I don't think we'll be affected by by things like immigration policies and all to the extent that um you know will let's say impact a Services vendor but yes I mean we will navigate things as they as they come along we feel very good about us all right it's good to hear businessmen who feel good about the business thank you very much Ashish precisely the kind of good news we want to hear as we uh Coast into the new year and here's wishing you as well a very happy 2025 happy oics thank you well uh that's the word from audan Pro we have to take a quick break but we're going to be back uh we will have our technical experts joining us to give us their technical strategies as well so Dasha and mes will be with [Music] all right uh welcome back so we've given you lots of fundamental cues to chew upon let's get down to technicals then we have mes takar as well as sashan sukhani joining in gentlemen morning so you know you we were joking and debating how this is a false Rally or a Santa rally but whatever it is I think Traders will just heave a sigh of relief at least we had some pullback on the Nifty yesterday so let me ask you uh how much Credence and waiting are you giving to yesterday's pullback and how would you trade today mes good morning good morning s uh so I think you know one we were very oversold before yesterday and we had a pullback now I don't see any signs of a reversal or an up uptrend or up move starting so my belief is that maybe in the short term the decline is arrested and therefore the market might chop around broadly you know between 23600 to about 23800 850 Zone I think that should be 250 Point in for the next few days I still believe that there is a significantly higher chance of us eventually breaking down so the idea is that you try to buy near the range keep a very tight stop loss try to book profits near the upper end of the range which is around 23 800 820 levels even Explore shorting over there okay yeah sorry go ahead so dasan good morning what would you do short this rally he good morning and no La yesterday I said that we could be heading for a Santa Claus rally could be and yesterday was a good day our levels of 24,600 were not touched so there was a buying opportunity intraday also I was I was saying that that buying opportunity continues to exist so see once a suppose a trend is starting again on the upside it won't happen in a day it'll take its own time so so far as our levels are protected the levels below which we say it's not working that's 24 23600 for the time being so far as that is protected I would be long look to buy on dips and let let the market takes its own Rhythm I think in a few days we'll see higher levels that's get to the top stock ideas then for the day sashan sure uh Glenn Mark is a buying opportunity stop under 1535 and from the SIM from the similar sector Apollo hospitals not exactly similar roughly that's a bu to stop under 7180 I've we discussed this yesterday also that Pharma does its own thing you know the market is D down the suddenly farmer stocks have good news and they keep on rallying that phase continues so glenark AP poo hospital my only intraday short is po polycap where something is going on it's an intraday short with a stop above 7 I'm sorry I'm missing the stop so we'll just say it's an Inay short and is a buy yes poly camp and manapuram is my third buying idea with a stop under 183 so that primarily we should focus on the buys glenark APO hospital and manapuram okay got it sashan so you're still more inclined towards some buying ideas rather than selling but mes was telling us that he's looking to short the index at around 23,800 mes let's come down to stocks as well selling or buying or a mix of both I have a mix of both so so I have a sell on MCX if it breaks 6,300 take a stop at 6370 look for targets of 6150 a hco is a sell mile bounce back around 38 240 range sell with a stop at 245 half look for targets of 225 and on the buying side is uh D which I would recommend buying with a stop at 499 for targets of 528 and ITC if it starts getting past yesterday's high of 478 by the 56 Point kind of a stop and look for a target of 492 okay uh thank you very much for that uh gentlemen we are going to come back to you with uh more trading ideas or for more trading ideas as get closer to trade for the moment it's a break we still have himang Johnny with us we're going to come back with the pre-opening trades and we will also be joined by shirish paresi of uh Centrum broking he's going to talk to us about the key trends in the fmcg space [Music] [Music] welcome back this is open exchange coming to you live from the CNBC TV mual oswal studio and as promised we have shirish pesi with us to uh shed Spotlight on the fmcg space he's from sentrum of course Centrum is positive on the fmcg space uh uh shirish good morning and thank you very much indeed for joining us I'll just take a minute uh to speak about the pre-opening uh trades the pre-opening rates are opening absolutely randomly the nift is in the red and the sensex in the green so we'll come back to it in just a bit uh shirish Happy 2025 to you thank you for joining us why are you all positive on fmcg we heard every one of them almost uh you know grumbling away uh we had uh data from godre we had uh Maro as well not very happy with the kind of uh sales data they had in earlier Q3 what makes you positive thank you laa having me on the show there are three Trends which at this point of time if you look at on the ground starting from June July on the sated data was showing that the rural recovery was on the card that is what is visible please keep in mind that about 52% of volume comes from rural markets and these all are firing well second uh baring apart the weather conditions people might have become little shortterm negative because the season uh the winter is not the way it was panned out but if you look at the agriculture data whether it is the karif crop output or rabi I think my view is that the rural will still continue to do better now the issue is that when we look at the urban consumption the urban consumption is inching lower than uh than the expectation there are two reasons there when you look at the uh mfi data uh the micr finance data collection or you look at the earning growth which has been tapering down uh no wonder the The Leverage of the urban uh has gone up and these consumers are having a pinch the third point which is there which is important is that how these companies are managing the channel conflict if you look at the Qs uh the quick Commerce segment is firing well the modern trade is doing well while the uh General trade uh the traditional trade is struggling now these Channel conflicts are actually telling us the the primary billing or the company billing is happening at the Lower Side while the secondaries are having better look the Indian consumers are always been value for money and they will hunt and bargain whichever Channel which is giving them the benefit of price okay mhm no but uh uh Mr paresi uh the the point I think for the market is that do you want to be in stocks which are going to give you uh low single digit to maybe sort of mid- single digit kind of growth which is what fmcg has been doing uh considering the valuations have been very very rich historically you do have a positive view on I think companies like Colgate and maybe I think even an ad on H so tell us the bi thesis over there what do you see ahead what kind of volume growth in 2025 I mean fi 26 let's say see if you look at last 3 to four quarter this volume growth was been challenged however Colgate has proven that whatever inputs in terms of marketing on ground activities distribution sampling these all are reflecting into the very strong volume growth now the question is that the the street is not giving uh the benefit saying that the volume growth is low to high single digit uh as the value growth is missing but you have to also keep in mind that the inflation is inching up and that could be a price which is there historically my experience says that 23 volume one3 price is the right submission uh which is which is better for the consumer companies at this point of time the price inflation which is just started inching up and if you if you look at our Channel check says that most of the companies has implemented around 3 4% price increases so effect of this will happen the question is that if you if if you want me to answer the next year what kind of volume growth we expect you can expect a 10 year or 20 years average which is in the range of about four to 5% okay uh just want to interrupt uh the stock discussion for a minute the markets uh stock markets still are not giving us much of a trend uh uh the Nifty is kind of blinking Flatline to red and the sensex is up a qu% so I won't come to shares since things are so undecided but what's clearly traded the traded rate on the rupee is clearly indicating continued weakness uh it's now gone to 85314 we closed yesterday at about 1112 85 1112 so the first rates have been for a more expensive dollar and that is perhaps to be expected because we did see the dollar Index move back up over the 108 Mark so this shouldn't come as too much of a surprise uh shirish are your buy only HL and Colgate no uh our buys are britania and imami the reason is that imami if you look at the 10 year average or even five year average the one year forward was in the range of about 30 32 while Imam is trading at maybe 23 24 times so there is a value which is there however the the interest uh is that the if the season is expected to pan out the way next 15 days if the temperature Falls I think imami should do well what is more important is that all the issues are around the company's uh pledge and other thing which are sorted out and I think it's one of the better company which has been delivering a very strong High operating margins so in that context there's a value pick which I would say similarly when you look at britania also which is traing its lower than 5 years and 10 years average multiple however what what is more important at this point of time the company uh in the previous con call has already said that there is a price increases or the gramage reduction which will happen we'll have to wait and watch however these are the things which are in the short term and looking at the multiple um it it looks attractive at this price okay uh what about ITC the stock hasn't done too much despite the news about the hotel Dem merger uh is there any value in ITC at current levels or any Arbitrage I I would I would say that let's wait because we are in that phase another 152 days we will have budget blooms and things will start inching up however on ground what is what is important is that if if the thesis is that the rural recovery is on the card I think I would expect the cigarette business for ITC should do well however we have to also keep in mind that there is the incremental competition which is gearing up uh in the cigarette segment so one there are two short-term challenges one is the budget what will happen and what are the kind of uh Duty changes uh and the excise changes which will happen and second I think the industry has not taken a very very strong price increases and there's no precedence unless the excise has gone up and the industry has taken Standalone price Ines so I think these are the two interl uh issues which will get a Clarity maybe another a month or so okay thanks a lot for that uh shirish pleasure speaking with you and hope you have a very good 2025 thank you well that's the word coming in on the FMC G space from Centrum uh Bion amami is what they're rooting for uh let's just get back to the markets for a jiffy the sensex is still holding a bit in the green sashan any buys now after the uh first few minutes of pre-open trading well my pick would be to buy manapuram with a stop under 183 broadly financials should be a little more cheerful today okay financials more cheerful mes anything you noticed uh any buys uh in addition to the list you gave us I'll go with the Buy on D I think target of 520 530 in the sh okay it's very very quiet by the way on the pre-open screens there's uh not much moving adani Enterprises be adani ports some of these stocks uh are up and about that's pretty much it and if I interrupt for a minute since the rupe is now gone to 8515 uh you know the first 5 minutes of trade over there and the dollar has gotten that much more expensive uh sudasha is there anything in the it space that you would buy a weak rupee okay I I think he'll come to sashan in a minute uh mes anything in the it space that would count as a buy uh see it in fact L was doing very well couple of days back I think it just got corrective you know towards last weekend so I think I'm waiting for this pullback collection to play out and then bu it okay all right mes thanks very much March let's see how the Market opens out we'll come back to you during the course of the day to take stock uh let's look at some of the stocks that are in news Vinnie is looking at biocon today there's a drug approval that the company's received I think in the EU Vinnie morning tell us more good morning so what we're seeing coming in for biocon positive news one the company and its European partner have actually received this DCP what do DCP it's a decentralized procedure approval and this is in the europan markets for that complex formulation which is L glutide now the company has spoken about this as well this is a big opportunity the glp1 opportunity that we talk for most of the companies and biocon 2 itself has highlighted this in Q2 about this opportunity now finally they've gotten this approval for the European Union Market keeping it out on this one what is this now this is an approval for the generic version of wi TOA which is a treatment which is a drug used for treatment of type 2 diabetes and this is also used in weight management weight loss as well which everyone has been using for some time so that is a big Market that is shaping up across the globe and that is why a big positive for biocon they said that this is a big opportunity for them in the second half of the year they were expecting these launches to take place from now on till fi 26 as a big opportunity and that is what uh is happening right now with the Lura grite approval coming in at least in the European markets they are already in the pipeline in the US markets so let's wait out for that as well okay thank you very much for that Vinnie so a diabetes control uh generic version and a diet control generic version both of which uh hopefully will make money for biocon they've got initial approvals now here's some data which is a little disturbing and telling us that the urban consumption slowdown has not gone away Sudan is here he has compiled the latest registration data from the vahan portal Sudan tell us what did you pick up morning L we have tried to see if there is an improvement in V registration data after we covered last week the answer is no yes there is a minor pickup last week when we had covered after 2 weeks total registration was down nearly 25% now it's down 20% and what what is which segment is dragging the most it Remains the two wheer segment so overall registration is down 19% and two wheer segment registration is down uh 20% two segments that are doing much better than other segment and those segments are electric vehicle and CNG electric vehicle regist has increased 9% and CNG segment also has increased 8% for passenger vehicles last week for the two weeks registration was down 3% now it has turned flat so there is a minor positive here also so overall registrations from December 1 to 24 24 in 2024 is it 13.87% lakh units so in the last one week There's a minor pickup but concerns remain okay minor pickup but uh year on year we are still not doing as well as December of 2023 is what Sudan is telling us uh that's a bit worrisome uh but perhaps if there is a pickup in the third week it'll be better off in the fourth week uh what's not looking good is the credit card data that we've got from SBI cards abishek had explained to us earlier he's here to remind us of the SBI card numbers we are we industry credit card numbers tell us abishek uh well L to begin with you you know last year in November the Diwali was there and in this year October Diwali was there so Yi and month- on Monon may not look up comparable parameter for growth however the SBI card has lost market share which is a key worry so industrywide the card insurances is up 11.7% Wii and about 3% month on month spend are up 52% Wii and down about 16% month on month average ticket size is down 5.7% Yi and about 16 1 12% month on month the card issuances at SB card that's crossed the 2 CR Mark now at grown at 99.8% Yi and 1.2% month on Monon spends are down 19.7% on a YY basis and about 20.9% month on month so average ticket size is down nearly 27% Yi and about 22% month on month the SBI card market share with respect to card insurances has been at 18.7% when compared to 19% voi and about 18.5% on a month-on-month basis so month- on- Monon card insurances market share has increased however the Spence market share has declined massively to 14.9% when compared to 19 a half% voi and about 15.8% on a month-on-month basis back to you all right yes abish thanks very much SBI card has found itself found itself in slightly Troubled Waters lower growth not new it's been happening for the past couple of months now anyway let's quickly take stock of Asia as well as where we stand as we're getting up for Market open Asia remember a lot of the markets are they've got very thin trade so Hong Kong for instance is showing you a near 1 1.2% gain but guess what the markets about to shut down I think 9:30 ISD is when Hong Kong is already off for its Christmas holiday likewise Singapore Australia's already shut for the day so the the volumes are thin but the color has been green across most of the regional markets that brings us to the Nifty here again the starting would be about 15 points higher remember the challenge for the market was the 200 dma intraday there was an attempt yesterday to cross above that Mark but it wasn't quite successful let's see if uh the fact that most of the FBI are away and maybe if we just just maybe we don't get the bulk of that selling whether we try and take out the 200 dma at least today uh so as we're gearing up for it things are very quiet there are no major sectoral moves or Trends it'll be down to individual stocks and of course SW Traders latch on too so here we go the Bell has gone in uh starting with with some moves on adani Enterprises about 1% higher there is Bel ntpc coal India some of the psus are starting positive uh there's Nestle which is up and about we were just discussing fmcg stocks with the analyst earlier at Centrum IC Bank SBI very minor green ticks but the Nifty is now blinking red as well so let's see what's happening on the other end Barret cipla Sun Fara Apollo hospitals these are stocks on the way down there are some of the metal names which were shining bright yes yday there's some profit taking there jsw steel Tara steel these are stocks on the lower side it actually is not really responding too much to the rupees moves or to the nasdaq's gain if you see infosis is up about 3/10 of a perc TCS is actually managing a 310 of% gain now whpr Pro is down uh Tech Mahindra is absolutely flat for the time being I'll uh hand it over with bharti a remember all this chattered around tr's recommendation right now the stock to be taking it in its stride no concerns there about 6% up on bti for now extremely quiet two three points here and there around the flat I've never seen a quieter Market I mean there's nothing that has moved more than half a percent red or green yeah so just a word on bti airel uh yesterday during Market hours the TR released the October subscriber data now the industry has been losing subscribers since July when the Tariff hike or 20 15 to 20% tarfi who affected so from July to even the month of October the industry has lost subscriber on an subscribers on an aggregate basis but the pace of subscriber addition is slowed down but in the month of October bti added subscribers while Geo and vone idea lost subscribers so that but the thing is this came out during Market ass but on the sidelines it's a you know it's POS it's incrementally positive that in the month of October when the industry lost Pary had managed to add about 2 million uh subscribers I mean even cou of days before that they paid back their Spectrum debt to the government so there has been a string of positive news