MARUTI SUZUKI says India mandated E20 fuel from 2023; the earlier standard was E10
Says the use of E20 in cars manufactured before 2023 has been a key concern
Adequate safety margins ensure no damage to components that come in contact with E20 fuel
Tests on pre-2023 E10 cars using E20 fuel found no concerning parameters
Says ethanol offers good drivability due to its higher octane rating
Notes that ethanol has proven performance and is also used in Formula One racing cars
Recent events over the last 2-3 months highlighted India’s vulnerability to energy imports
SYSTEMATIX ON KOTAK MAHINDRA BANK
• 📈 Net advances grew 15.1% YoY to ₹5.12 lakh crore, in line with steady loan growth
• 💰 Total deposits rose 11.7% YoY to ₹5.73 lakh crore, but growth remained below expectations
• 🏦 CASA deposits increased 10.2% YoY, though declined 6.7% QoQ to ₹2.31 lakh crore
• 📊 Average deposits grew 13.6% YoY, while average advances increased 15.0% YoY
• 🎯 Systematix maintains BUY rating; stock trades at 1.6x FY27E P/ABV with FY27E/FY28E RoE of 11.8%/12.2%
PM MODI JUST INAUGURATED INDIA’S THIRD SEMICONDUCTOR PLANT AND ANNOUNCED 500 MILLION CHIPS PER YEAR TARGET
🏢 Lodha – To Stop Quarterly Pre-Sales Pre-Releases
• Going forward, Lodha will report audited Revenue and PAT as its primary business performance metrics.
• Revenue, PAT, and key operating indicators, including pre-sales, will be disclosed along with the quarterly financial results.
• The company will no longer issue separate quarterly operating performance/pre-sales pre-releases.
• Management stated that the quarter ended was in line with its guidance.
INDIA LIFTS EMERGENCY NATURAL GAS SUPPLY CONTROLS IMPOSED AFTER LNG SUPPLY DISRUPTIONS DUE TO MIDDLE EAST CRISIS- GOVT NOTIFICATION
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