Indian property stocks poised for further growth on possibility of interest rate cut

India’s property stocks are set to extend their already sizable gains on growing expectations that the central bank may start cutting interest rates next year.

The NSE Nifty Realty Index has gained 36% since a March-low as cooling inflation allowed the Reserve Bank of India to keep rates on hold. In comparison, a global gauge of real estate stocks rose only 3.6% in the same period.

The outperformance is a sign of sustained appetite for properties in the world’s most populous nation amid a respite in the increase of borrowing costs. Improving earnings for large companies should also help further the rally.

“Domestic economic conditions have boosted real estate demand and resultant stock prices,” said Samar Sarda, executive director at Axis Capital Ltd.

The boom in India is in a sharp contrast to China, where the property sector continues to be in a dire state even after the government ramped up support to facilitate funding and boost demand. A Bloomberg Intelligence gauge of Chinese developers’ stocks is down 21% this year.

Real estate poised for growth as investors recognize untapped potential

While valuations for real estate stocks in India have risen significantly since late-May to a price-earnings ratio of about 39 times, they are still below a peak of about 52 times in 2021.

Property companies are also seeing income recovery with Godrej Properties Ltd. and DLF Ltd. reporting more than a 40% year-on-year increase in fourth-quarter earnings. Analysts are expecting net income for both firms to jump more than 30% for the current fiscal year.

Favourable government policies, particularly in the affordable housing segment, as well as rising income levels will also provide support for developers, brokerage Sharekhan said in a report.

“Real estate is a historically under-owned sector,” said Rohit Chawda, acting chief executive officer of Taurus Asset Management Co. Ltd. “We are going to hold our investments for the next three to four years.”

To be sure, lower-than-expected monsoon rains could mean a longer wait for the RBI to cut rates. If rains are below normal, there may be higher retail food inflation, which could prompt the central bank to resume rate hikes.

Summer sale on at Rajan & Co – Get AC’s and air coolers at the best prices

All of the leading worldwide brands, including LG, Samsung, Sony, IFB, Whirlpool, and others, are wholesaled by Rajan & Co. There are almost all household appliances here, including air conditioners, refrigerators, washing machines, and televisions, from all the top manufacturers. They offer a wide variety in each category, and when it comes to televisions, they have all popular brands of LED, OLED, and QLED models. Customers can use the financial services offered by Bajaj, HDB, Capital, and HDFC if they decide to pay in instalments.

The top AC showroom in Nagercoil is Rajan & Co. The store offers a wide variety of air conditioners from top brands. With the greatest air conditioner and air conditioner showroom in Nagercoil, cool down this summer. Among the manufacturers represented in the store are Blue Star, Daikin, Carrier, Hitachi, IFB, Whirlpool, Haier, Panasonic, LG, Samsung, O General, Lloyd, Voltas, TCL, and Mitsubishi. The air conditioners sold by Rajan & Co. are very competitively priced. All of the products are offered for the most affordable prices. For our needs, premium things are also available. Additionally, the staff is really polite and helps us find the best products at a price that fits our budget.

Rajan And Co- Best AC Showroom

For the past 23 years, Rajan & Co’s service team has been providing clients with round-the-clock technical support for their products, and consumers are thrilled with the quick & effective servicing of their products. They guarantee that goods will arrive at your home quickly from their level. Purchase their top-notch goods with ease. The quality of the product and service for the end user has been made extremely obvious by Rajan & Co. In order to continuously improve the quality of their products and services and to ensure client happiness, they have reduced variance and deviation. Rajan & Co. provides a user-friendly website for easy access and product availability to help clients with online buying. We provide all types of household appliances under one roof. Visit Rajan & Co showroom and get real experience of house hold articles.

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Electronics manufacturing sector needs to be self-reliant and invest heavily in R&D: Sunil Vachani

Sunil Vachani, cofounder and chairman, Dixon Technologies

Dixon Technologies has gone through a complete transformation in the last 14 years, in many different aspects. Back when we started, Dixon was focussed on just one product category: CRT televisions. This meant a major chunk of our revenue was coming from a single customer.

Over time, we have evolved as a complete solutions provider. We decided that we are going to focus on being the brand behind the brand, and not compete with our customers. That is how we discovered our core. Dixon has also expanded to multiple product categories, such as LED lighting, home appliances, mobile phones, security systems and many more.

But as Dixon has grown over the years, so has the electronics manufacturing sector (EMS) in India.

When I had just started building Dixon, the thought process was that our strength as a country lies in software. But over time, people have realised that we need to have strength both in services and manufacturing. Another transformation was the change in the mindset of financial institutions and investors. I remember when I was going through my IPO roadshows, investor interest was lukewarm. That has changed now. I think there are six companies in the Indian EMS sector that are listed, and they are the darlings of the stock market in terms of the huge returns provided to investors.

The focus for the next 14 years is going to be on global markets and setting up manufacturing units in global markets too. If India has to turn into a global electronics manufacturing hub, we need mega factories employing more than 50,000 people. So, one can expect a lot more consolidation in the coming decade.

The production-linked incentive scheme has been hugely beneficial for certain sectors such as smartphone manufacturing. But, as an industry, we need to start looking beyond that: The sector needs to start becoming more self-reliant. For that, the sector and Dixon will have to invest heavily in research and development and in the component ecosystem, which needs a drastic transformation.

Artificial intelligence is going to play a key role in manufacturing in terms of processes. Dixon is also working on a lot of initiatives and smart manufacturing, which includes automation, artificial intelligence and machine learning. We are also working heavily in the space of data analytics and decisions being made based on data, rather than gut and instinct.

For Dixon, the big thing that we are looking forward to is designing our own products. So far, the company has been more of a prescriptive manufacturer, so that will change. We are hoping to enter many new product categories too. Dixon’s product portfolio has always been high volume and low margin. We want to now start looking at product categories that are high margin, such as electric vehicles, defence, drones, medical electronics, and telecom infrastructure. Indian electronics manufacturing will definitely be a sector to watch out for in the next 14 years, and a lot of big changes are expected.

Black + Decker forays into Indian home appliances market, unveils washing machines & ACs

Popular American brand Black + Decker known for power tools and home appliances has unveiled its large appliances in India. The premium brand is making an entry into the Indian market with a licensing partnership with the Bengaluru-based Indkal Technologies. The company has launched washing machines and air conditioners for the Indian consumers.

Talking about the association, Amit Datta, Commercial Director Licensing, Stanley Black & Decker, said that the brand is committed to meeting consumer needs by enhancing the brand portfolio and making home tasks easier to accomplish. “As a global leader in home products, we continue to prioritise our customers by expanding availability in the region,” he said.

This is the first time that Black + Decker is foraying into the Indian household appliances market which amounts to around $80.95 billion in 2023 according to Statista.com. On Tuesday, Black + Decker unveiled two front-load washing machines, a top-load washing machine, and three air conditioner models.

The products from Black + Decker will be available on Amazon, Flipkart, and other in-store channels from June 3.

Demand for high-quality appliances

“Large appliances business is growing and the penetration for washing machines and air conditioning, the two products we launched, is growing rapidly. There was a single-digit penetration for both products a few years ago, but now it is growing at a break-neck pace. This growth also comes with heightened demand for high-quality products. This is where brands like Black + Decker come into play, as it has consistently worked towards innovations that meet the changing needs of consumers,” said Anand Dubey, CEO, Indkal Technologies.

Dubey emphasised that the brand stands for craftsmanship that comes with an element of personalisation for consumers. When asked about the unique selling points of Black + Decker products, Dubey said that they are made with the aesthetic sensibilities of consumers in mind. “Very few products look as good as Black + Decker in your home. There are tangible value additions in the products which considerably improve their performance. Most importantly, the ease of use makes them unparalleled in the market,” he added.

Focus on design and performance

The Black + Decker washing machine range features a 6 g and 8 kg front load model and a 7.5 kg top load model. The front-load models come with a BLDC motor and advanced Tub on a Hex-Net crystal design and a triple velocity jet system. Besides, the machines also feature fabric-specific smart wash programs, built-in heaters, and hygienic drum cleaning.

Meanwhile, the air conditioners from Black + Decker come in 1.5-ton and 2.0-ton variants. The 1.5-ton model comes in two options. The new air-conditioners sport a minimalistic design and come with features such as Infinity Impeller, CAD Sensor, Quad-Convertible, and R32 Eco-Friendly Refrigerant.

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