EMKAY.NSEEmkay Global Financial Services Ltd
EMKAY.NSE
Emkay Global Financial Services Ltd54
India cuts excise duties on petrol, diesel as global oil prices surge
NEW DELHI: India has slashed excise duties on petrol and diesel to protect consumers and rein in a potential spike in inflation, while imposing windfall taxes on aviation fuel and diesel exports, amid volatile global oil markets as a result of the Iran war. Economists said the tax cuts will hit government finances. Global oil prices have surged past $100 per barrel after the near closure of the Strait of Hormuz , which serves as a conduit for 40% of India’s crude oil imports, since the US and Israel first struck Iran on February 28 . In a government order released late on Thursday, India’s finance ministry reduced the special excise duty on petrol to 3 rupees ($0.0318) per litre from 13 rupees earlier. It also cut the duty on diesel to zero from 10 rupees per litre. The government did not say how much the duty cuts would cost. The move comes ahead of elections next month in four Indian states and one federal territory with Indian voters known to be extremely sensitive to higher prices.
cityfalcon.com·7d ago
Valuation premiums in India now in line with global peers: Emkay Global report
There is a sense of disappointment among many common investors following the sharp decline in the Indian equity market since the outbreak of hostilities between Iran and US since Feb 28. But a report by Emkay Global has mentioned that the valuations appear to be reasonable now and in line with global peers.
cityfalcon.com·7d ago
BlueStone rises 15% in a month as investors bet on scale-driven model amid improving store maturity
ET Intelligence Group: Shares of BlueStone Jewellery and Lifestyle have gained 15% over the past month, defying the weakness in the broader market that has dragged down the benchmark indices by nearly 9%. Analysts expect operating leverage and annual additions of 65-70 stores could drive margin growth through FY27-28. The company's pan-India store count increased to 323 as of December 2025 from 275 at the end of March 2025; over half of these stores now generate ₹10-14 crore in annual revenue each, reflecting improving store maturity. This is crucial as it improves operating leverage since the store-level costs stay largely fixed even as revenue scales. This was visible in the operating margin before depreciation and amortisation (Ebitda margin), which rose sharply to 22% in the December 2025 quarter from 8.5% in the year-ago quarter. The company's revenue increased by 34% year-on-year to ₹1,754 crore in nine months to December 2025 while net loss contracted to ₹18 crore from ₹170.6 crore.
cityfalcon.com·8d ago
Kalpataru: Can its project portfolio and strong pre-sales growth drive future expansion?
Synopsis: Emkay Global is bullish on Kalpataru, citing strong pre-sales growth, robust pipeline, improving cash flows, debt reduction, and stable annuity income, supporting long-term growth visibility and valuation. This Small-Cap Realty Stock, engaged in real estate development, focusing on residential and commercial projects across Mumbai, MMR, and Pune, delivering quality housing and infrastructure solutions, jumped […] The post Kalpataru: Can its project portfolio and strong pre-sales growth drive future expansion? appeared first on Trade Brains .
cityfalcon.com·9d ago
Market recovery ahead? Emkay lists HDFC Bank, L&T, IndiGo among 7 beaten-down stocks to buy to play rebound
The signs of de-escalation in the US-Iran war is seen as a strong positive for India and analysts say OMCs, private banks, NBFCs, and autos are the best ways to play the stock market recovery. Emkay Global sees this as the bottom for the markets and maintains December 2026 Nifty 50 target of 29,000.
cityfalcon.com·9d ago
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