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Apr 15, 2023
Jhadol Rajasthan Assembly Constituency Election 2023: Date of Result, Voting, Counting; Candidates

Jhadol RJ Assembly Election 2023 Details: The election for Jhadol Assembly Constituency in Rajasthan will be held on November 25 this year. The final date of voting and result were known after the formal announcement by the Election Commission of India. Here are the important details of the Jhadol Constituency Assembly Election 2023 that you should know.

Jhadol Constituency Rajasthan Assembly Election 2023: Voting Date

November 25 is the date of voting for the Jhadol Assembly Constituency Election 2023 as announced by the Election Commission of India.

Jhadol Constituency Rajasthan Election 2023: Candidates List

Bharatiya Janta Party (BJP), Congress and other political parties in the state will announce their candidates for the Jhadol Assembly Constituency Election 2023 after the announcement of voting dates by the Election Commission of India.

Why Jhadol Constituency Assembly Election 2023 is Important

Jhadol is a state Assembly/Vidhan Sabha constituency in the state of Rajasthan and is part of the Jhadol Lok Sabha/Parliamentary constituency. Jhadol falls in the Jhadol district of Rajasthan and is categorised as an urban seat.

Jhadol Constituency RJ Election Result: What happened in 2018

Babu Lal of the Bharatiya Janata Party was the winning candidate from the Jhadol constituency in the RJ Assembly elections 2018, securing 87527 votes while 74580 votes were polled in favour of Sunil Kumar Bhajat of the Indian National Congress. The margin of victory was 12947 votes.

2018 Jhadol Assembly Constituency Election Result

Winning Candidate NameParty NameTotal VotesBabu LalBharatiya Janata Party87527

Candidate List Party Name Votes Gained (Vote %) Babu Lal Bharatiya Janata Party 87527 (44.52%) Sunil Kumar Bhajat Indian National Congress 74580 (37.93%) Shankar Lal Pargi Communist Party Of India (marxist) 10498 (5.34%) None Of The Above None Of The Above 7457 (3.79%) Sohan Lal Independent 6209 (3.16%) Nima Lal Bahujan Samaj Party 5757 (2.93%) Laduram Aam Aadmi Party 4584 (2.33%)

Jhadol Constituency RJ Election Result: What happened in 2013

Heeralal Darangi of the Indian National Congress was the winning candidate from the Jhadol constituency in the RJ Assembly elections 2013, securing 67354 votes while 62670 votes were polled in favour of Babu Lal Kharadi of the Bharatiya Janata Party. The margin of victory was 4684 votes.

2013 Jhadol Assembly Constituency Election Result

Winning Candidate NameParty NameTotal VotesHeeralal DarangiIndian National Congress67354

Candidate List Party Name Votes Gained (Vote %) Heeralal Darangi Indian National Congress 67354 (42.13%) Babu Lal Kharadi Bharatiya Janata Party 62670 (39.2%) None Of The Above None Of The Above 6838 (4.28%) Prem Chand Pargi Communist Party Of India (marxist) 5081 (3.18%) Dharmendra Vadera National People’s Party 3864 (2.42%) Neema Lal Bahujan Samaj Party 3421 (2.14%) Kamji Bhai Bheel Samajwadi Party 3235 (2.02%) Laduram Bharatiya Yuva Shakti 3056 (1.91%) Kanhaiya Lal Independent 2983 (1.87%) Kalulal Jago Party 1365 (0.85%)

Jhadol Constituency RJ Election Result: What happened in 2008

Babu Lal Kharadi of the BJP was the winning candidate from the Jhadol constituency in the RJ Assembly elections 2008, securing 46654 votes while 39335 votes were polled in favour of Heera Lal of the INC. The margin of victory was 7319 votes.

2008 Jhadol Assembly Constituency Election Result

Winning Candidate NameParty NameTotal VotesBabu Lal KharadiBJP46654

Candidate List Party Name Votes Gained (Vote %) Babu Lal Kharadi BJP 46654 (37.37%) Heera Lal INC 39335 (31.51%) Viram Chand IND 17152 (13.74%) Prem Chand CPM 14523 (11.63%) Kamji IND 3811 (3.05%) Laluram Ahari BSP 3359 (2.69%)

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Apr 13, 2023
Lengteng Mizoram Assembly Constituency Election 2023: Date of Result, Voting, Counting; Candidates

As anticipation mounts for the upcoming Lengteng Constituency Election in Mizoram, voters are eagerly awaiting the big battle that kicks off with the announcement of key dates by the Election Commission of India. Here, we provide you with essential details about the Lengteng Constituency Assembly Election 2023 that every voter should be aware of.

Lengteng Constituency Mizoram Assembly Election 2023: Voting Date

The voting date for the Lengteng Assembly Constituency Election 2023 has been officially announced by the Election Commission. As per the ECI, Lengteng Assembly Constituency will go to polls on November 7. Stay tuned for updates as we bring you the latest information.

Lengteng Mizoram Election 2023: Candidates

Watch this space as prominent political parties, including the Mizo National Front (MNF)Indian National Congress (INC)and Independent(IND) along with others, are poised to reveal their candidates for the Lengteng Assembly Constituency Election 2023 post the official declaration of voting dates by the Election Commission of India.

Stay informed as we bring you the latest updates on the Lengteng Assembly Constituency Election 2023, keeping you abreast of all the developments and insights that matter to you.

Lengteng Constituency MZ Election Result: What happened in 2018

L Thangmawia from Lengteng of Mizoram, won the seat with 6430 votes. He defeated Indian National Congress’ H Rohluna who had polled 4658 votes. The winning margin was 1772 votes.

2018 Lengteng Assembly Constituency Election Result

Winning Candidate NameParty NameTotal VotesL ThangmawiaMizo National Front6430

Candidate List Party Name Votes Gained (Vote %) L Thangmawia Mizo National Front 6430 (45.77%) H Rohluna Indian National Congress 4658 (33.15%) H Ginzalala Independent 2657 (18.91%) Laldinngheti Bharatiya Janata Party 204 (1.45%) Lalhrilzeli Hlawndo Independent 77 (0.55%) None Of The Above None Of The Above 24 (0.17%)

Lengteng Constituency MZ Election Result: What happened in 2013

In the Mizoram Assembly election of 2013, H Rohluna won from the Lengteng seat garnering 5682 votes and defeated Mizo National Front candidate L Thangmawia who bagged 5515 votes. The candidate who came third was Zoram Nationalist Party’ H Ginzalala.

H Rohluna got 5682 votes while L Thangmawia got 5515 votes.

2013 Lengteng Assembly Constituency Election Result

Winning Candidate NameParty NameTotal VotesH RohlunaIndian National Congress5682

Candidate List Party Name Votes Gained (Vote %) H Rohluna Indian National Congress 5682 (42.83%) L Thangmawia Mizo National Front 5515 (41.57%) H Ginzalala Zoram Nationalist Party 1944 (14.65%) Zoramchhani Bharatiya Janata Party 80 (0.6%) None Of The Above None Of The Above 46 (0.35%)

Lengteng Constituency MZ Election Result: What happened in 2008

H Rohluna of the INC was the winning candidate from the Lengteng constituency in the MZ Assembly elections 2008, securing 4776 votes while 3990 votes were polled in favour of L Thangmawia of the MNF. The margin of victory was 786 votes.

2008 Lengteng Assembly Constituency Election Result

Winning Candidate NameParty NameTotal VotesH RohlunaINC4776

Candidate List Party Name Votes Gained (Vote %) H Rohluna INC 4776 (38.92%) L Thangmawia MNF 3990 (32.51%) T C Kaphmingthanga IND 3452 (28.13%) Biaksiama LJP 54 (0.44%)

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Apr 10, 2023
Rating: sell: Eicher Motors: Hunter 350 continues to ride strong

Eicher Motors reported standalone Ebitda of `860 crore, 3% below our expectations due to weaker gross margin print. Gross profit and Ebitda per vehicle remained flattish on a q-o-q basis despite commodity tailwinds mainly on account of a weaker product mix (higher mix of Hunter). While newly launched Hunter 350 continues to do well, we expect demand for the company’s remaining 350 cc portfolio to remain under pressure due to high upfront cost and cannibalisation from Hunter. This will limit the recovery in profitability metrics for the company. SELL stayswith a revised FV of `2,825.

Q3FY23 standalone Ebitda 3% below our expectations

Eicher Motors reported Q3FY23 standalone Ebitda of `860 crore, 3% below our expectations due to weaker-than-expected gross margins and marginally lowerthan-expected ASPs. Revenues increased by 6% q-o-q, led by (i) 7% q-o-q increase in volumes due to strong sales performance of Hunter 350 and (ii) 1% q-o-q decline in ASPs. Decline in ASPs can be attributed to (i) higher mix of Hunter (lower priced product) and (ii) lower exports mix. Ebitda margin came in at 23.9% (+20 bps q-o-q), 50 bps below our expectations. Gross margins improved by 20 bps on a q-o-q basis. The company reported standalone net profit of `680 crore, broadly in line with our expectations due to higher other income.

VECV reports strong quarter driven by better-than-expected ASPs

VECV reported revenues of `4600 crore (+27% y-o-y) in Q3FY23, 7% above our estimates mainly on account of (i) better-than-expected ASPs and (ii) lower discounts in Q3FY23. The company reported Ebitda margin of 7%, 10 bps below our estimates in Q3FY23.

Cut our FY2023-25E Ebitda estimates by 2-3%

We have cut our FY2023-25E Ebitda estimates by 2-3% due to lower volumes and gross margin assumptions for FY2023-25E; we expect Hunter to deliver 135k and 216k volumes in FY2023E and FY2024E, respectively. While we expect upgrade demand to partly drive sales of Hunter 350, we are also witnessing cannibalisation of Classic and Bullet models (current monthly sales are much below 2019 levels). Also, increase in competitive intensity over the next few years will impact RE’s volume growth in our view. SELL stays with a revised FV of `2,825 (from `2,800 earlier), valuing the standalone business based of DCF methodology.

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Apr 9, 2023
Equity investors’ wealth plunges Rs 3.87 lakh crore as markets slide

Investors became poorer by Rs 3.87 lakh crore on Wednesday amid a sell-off in the equity market that saw benchmark Sensex tumbling 928 points. Concerns over fresh geo-political tensions and weak global market trends ahead of the release of the minutes of the US Federal Open Market Committee meeting adversely impacted investor sentiments.

The BSE Sensex fell 927.74 points or 1.53 per cent to 59,744.98 points. During the day, it tanked 991.17 points or 1.63 per cent to 59,681.55 points. The sharp decline in equities eroded Rs 3,87,228.19 crore from the market capitalisation of BSE-listed firms and that now stands at Rs 2,61,33,883.55 crore.

Equity benchmarks fell for the fourth day running and during this period, the Sensex has plunged 1,574.53 points or 2.56 per cent. In four days, the market capitalisation of BSE-listed firms has dropped Rs 6,97,102.05 crore.

“Markets plunged sharply and lost over one and a half per cent, tracking weak global cues. The pace of decline was gradual till Tuesday but a sharp cut in the US markets has completely changed the tone,” Ajit Mishra, VP – Technical Research at Religare Broking Ltd, said.

In the Sensex pack, Bajaj Finance, Mahindra & Mahindra, Bajaj Finserv, Reliance Industries, HDFC Bank, HDFC, Wipro, ICICI Bank and Tata Steel were the major laggards.

ITC was the lone winner. All the sectoral indices ended lower, with utilities tanking 2.26 per cent, commodities (2.15 per cent), power (2.09 per cent), realty (1.80 per cent), financial services (1.71 per cent), metal (1.65 per cent) and energy (1.53 per cent).

In the broader market, the BSE midcap gauge declined 1.16 per cent and smallcap index fell 1.09 per cent.

“Although it should be a short-term effect, the fear of sanctions against Russia and its degree of implication on the economy, especially on food and oil exports, is adding to the anxiety. The market is just recovering from the pandemic, and high interest & inflation are the headwinds in the background.

“Awaiting the release of Fed and RBI minutes are the other major elements that kept investors on the sidelines,” Vinod Nair, Head of Research at Geojit Financial Services, said.

As many as 2,592 stocks declined while 884 advanced and 130 remained unchanged. Also, 266 firms hit their 52-week low levels on the BSE.

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Apr 9, 2023
Rating: buy: HDFC: Steady loan growth continues, margins stable

Housing Development Finance Corporation (HDFC) continues to report steady individual home loan growth (up 19% y-o-y) while disbursement growth was muted this quarter. Even as its funding costs have been rising faster than other NBFCs, margins were stable q-o-q and y-o-y as HDFC has been smoothly passing on hikes toits borrowers. Asset quality continues to improve steadily. RetainBuy; FV of `3,050 (pegged with HDFC Bank).

Disbursements take a pause, we remain assertive

HDFC continues to deliver steady loan growth in retail business, up 19% y-o-y. Disbursement growth, in this segment, was low at 2.4% y-o-y in Q3FY23 (16% in Q2FY23), raising some concerns on future growth trajectory. We however believe that business in previous year was fueled by pent-up demand that is now normalising. We have not seen any major signs of slowdown in the real estate sector. With prices being stable, affordability remains strong. We hence remain assertive on real estate volumes for HDFC and other HFCs in the salaried/prime markets. We expect steady mid-to-high teen growth in this segment to continue. Smaller HFCs, in the affordable space, are delivering high growth by penetrating into newer geographies.

Revise estimates; retain Buy – pegged with HDFC Bank

We are revising up our estimates by 1-6% to reflect better-than-expected margins due to better-than-expected transmission of interest rates. Rate transmission on the asset and liability side has been faster for HDFC as compared to other peers due to (i) monthly repricing of MCLR-linked loans and daily MTM on swaps and (ii) rapid rise in home loan rates by competition (banks) that are linked to external benchmarks. We are moderating growth estimates, mostly extending weak non-individual business trajectory this year; this segment remains challenging to predict. We retain Buy rating with FV of `3,050 (`2,940 earlier), pegged with FV of HDFC Bank.

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Apr 8, 2023
Gold may offer 7% returns from current levels; Russia-Ukraine war, inflation, Fed tightening among key factors

By Ravindra Rao

Akshaya Tritiya is a day when new ventures are started and it is considered auspicious to buy gold. In the one year since the same day last year, gold in the domestic market has risen more than 7%. Akshaya Tritiya will fall on May 3 this year and the key question in people’s mind is whether gold is still a good investment.

The three key factors which may affect gold in the coming days are Russia-Ukraine war, inflationary expectations and monetary tightening by Fed and other central banks.

The Russia-Ukraine war has entered its third month and there are no signs that tensions may subside soon. Fighting has intensified while no fresh efforts are being made to restart negotiations. Meanwhile, the US and allies are increasing economic pressure on Russia which is making retaliatory moves.

Given the current development, it seems difficult that Russia-Ukraine fighting may end soon and this may cast clouds over global economic health thereby increasing demand for safe havens like gold. Even if the fighting ends, uncertainty will persist as there are looming questions like whether sanctions on Russia will be lifted immediately or not. Western leaders and Ukraine may also want some form of surety that Russia may not attack in futures.

The IMF last week lowered the global growth forecast for 2022 from 4.4% to 3.6% citing Russia-Ukraine war and warned that inflation may remain higher for longer than earlier estimated.

Gold is considered an inflation hedge and demand has risen in the last few months as inflation has become a global problem. Inflation concerns have intensified with the sharp rise in crude oil and other commodities post the onset of Russia-Ukraine war. Russia is a major producer in the commodity market and fighting and economic sanctions are bound to impact supply. Until Russia-Ukraine tension subsides, supply risks may persist and may keep commodity prices higher and inflation concerns at elevated levels.

On the flip side, the biggest challenge for gold is aggressive monetary tightening by the Fed and other central banks. Central banks are normalizing monetary policy after the unprecedented stimulus introduced during the pandemic. With increasing inflation concerns, central banks are now under pressure to act aggressively. While some central banks have still maintained a cautious stance, the Fed has taken a hawkish tilt and wants to raise interest rates aggressively to get inflation under control. The Fed is already expected to raise the interest rate by 0.5% at the upcoming meeting in May and may signal more hikes in coming months. The Fed may not alter its stance unless it sees severe pressure on the US economy. The Fed is expected to lead other central banks in monetary tightening and this has pushed the US dollar index to the highest level since 2002.

On one hand, we have geopolitical tensions and inflation concerns which may not subside soon and may keep gold prices supported. On the other hand, the Fed has maintained a hawkish stance despite challenges to the economy while other central banks are also considering ways to deal with inflation. This mixed bag of factors is likely to keep gold bound in a broad range again.

Gold may struggle amid mixed factors however with increasing challenges to the global economy and increased volatility in equity markets, investors may remain invested in the metal. We may see more price sensitive demand for gold. This means that participants in the gold market may have to be patient to get the right entry levels. Despite the risks, we may see gold giving a return of near 5-7% from current levels. A new and big rally beyond recent highs may not materialize unless there is a surprise event.

(Ravindra V.Rao, CMT, EPAT, VP-Head Commodity Research, Kotak Securities. Views expressed are the author’s own.)

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Apr 7, 2023
Nifty below 16300 may tumble to 15700, use Iron Butterfly for gains; Bank Nifty negative in short-mid term

By Rajesh Palviya

NSE Nifty 50 index started the previous week on a flat note and selling pressure throughout the week dragged the index to close at its lowest point. Nifty 50 closed at 16411 with a loss of 691 points on a weekly basis. On the weekly chart the index has formed a long bearish candle forming lower High-Low compared to previous week indicating weakness at current levels. The chart pattern suggests that if Nifty crosses and sustains above 16600 level it would witness buying which would lead the index towards 16800-17100 levels. However if the index breaks below 16300 level it would witness selling which would take the index towards 16000-15700.

Nifty Derivative Outlook

Nifty futures closed at 16419 on a negative note with 4.86% increase in the open interest  indicating Short Build Up. Nifty Futures closed at a premium of 08 points compared to the previous day premium of 12 points. FIIs were Sellers in Index Futures to the tune of 2490 crore and were Buyers in Index Options to the tune of 5041 crore, Sellers in the Stock Futures to the tune of 268 crore. Net Buyers in the derivative segment to the tune of 2232 crore.

India VIX index is at 21.25 v/s 20.20. Nifty ATM call option IV is currently 15.72 whereas Nifty ATM Put option IV is quoting at 22.32. Index options PCR is at 0.74 v/s 0.73 & F&O Total PCR is at 0.76.

Nifty Put options OI distribution shows that 16000 has highest OI concentration followed by 16500 & 16200 which may act as support for current expiry. Nifty Call strike 16900 followed by 16800 witnessed significant OI concentration and may act as resistance for current expiry.

Nifty Bank Outlook

Bank Nifty started the week with a downward gap and selling pressure throughout the week led the index to end on a weak note. Bank Nifty closed at 34591 with a loss of 1497 points on a weekly basis. On the weekly chart the index has formed a long bearish candle forming lower High-Low compared to previous week and has closed below its low indicating weakness at current levels. The chart pattern suggests that if Bank Nifty crosses and sustains above 35200 level it would witness buying which would lead the index towards 35600-36000 levels. However if index breaks below 34000 level it would witness selling which would take the index towards 33000-32500.

Bank Nifty is trading below 20, 50, 100 and 200 day SMA which are important short term moving averages, indicating negative bias in the short to medium term

For the week, we expect Bank Nifty to trade in the range of 35200-32500 with a negative bias.

Bank Nifty Derivative Outlook

Bank Nifty closed at 34632 on a negative note with 7.53% increase in open interest indicating Short Build Up. Bank Nifty Futures closed at a premium of 41 points compared to the previous day premium of 19 points.

Bank Nifty Put options OI distribution shows that 35000 has highest OI concentration followed by 34500 & 34800 which may act as support for current expiry. BankNifty Call strike 35000 followed by 34500 witnessed significant OI concentration and may act as resistance for current expiry.

Sectors to remain bearish

We expect the market to show bearish behaviour near term. Sectors like IT, Banking, Capital goods, Metals may show weakness and furthermore correction in near term.

How to trade the NSE Nifty 50 index?

The strategy which we are suggesting for the week with expiry schedule on 12th May 2022 is IRON BUTTERFLY, which involves selling of one lot of Nifty 16,400 Call @ 187 & selling of one lot of Nifty 16,400 Put @ 175 and simultaneously buying one lot of 16,800 Call @ 38 & buying one lot of 16,000 put @ 57. Both risk and reward in this strategy are limited and the gains in the strategy will be accrued between two levels i.e 16,700 on upside & 16,100 on downside. The assumption for this strategy is that, Nifty is likely to remain-trade & conclude weekly expiry in and around 16400 level. Maximum profit of Rs 13,350 will happen if the Nifty closes and expires at 16,400. On the other hand if Nifty expiry close is above 16,667 (upper bep) or below 16,133 (lower bep) then maximum loss incurred will be Rs 6,650.

(Rajesh Palviya, VP – Research (Head Technical & Derivatives), Axis Securities. Views expressed are the author’s own.)

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Apr 5, 2023
Rupee depreciation, inflation, RBI rate hike triple whammy for biz, consumers; INR may hit 78.5 in 2 months

By Amit Pabari

After jumping sharply upto 76 levels against the USD, the Indian Rupee made an all-time-low on 9th May and extended its fall towards 77.62 on Friday as strength in the US dollar index dented demand for the riskier assets and currencies and as foreigners continued to withdraw their stocks and bonds. Throughout the week, RBI tried to control the currency from sliding but still closed lower by 50 paise for the week.

From the emerging market front, the faster US rate hike, huge FII outflow, higher commodity prices, and overshooting inflation has urged central bankers to go for a rate hike and compromise their growth. That apart, trade deficit and fiscal deficit are also widening month over month. Due to this, many EM currencies have depreciated over the last 1.5 months. The rupee was seen outperforming in April, but now it has started depreciating in May and is likely to fall further over the short and medium-term.

Against given backdrops, RBI’s FX reserve and FDI flows could be only positive pints. The central bank has used almost $43.73 billion in the last eight months amid capital outflows and a strengthening USD. This suggests that RBI will try to control the depreciating move regularly and it will remain to be seen how they navigate with these figures in mind. As interest rates are likely to move higher, corporates and banks are likely to raise funds overseas at a cheaper rate, and hence FDI flows could increase. This could support the Rupee from weakening against the USD.

Technical bias

As per the Fibonacci extension, there is a potential for the pair to test 78.50 levels over the short term. On the contrary side, a breakout point of 76.95 to 77.00 will act as strong support, followed by 76.50 levels. 

Higher inflation, RBI’s rate hike, and the depreciating Rupee create a triple-whammy effect on the domestic business and consumers.

Till now, there was only one concern in front of everyone- ‘Inflation’. But over the last two months, other two factors have been added- those are ‘RBI’s hawkish stance’ and ‘Depreciation in the Rupee’.

Impact on investment

Higher inflation eats up the return on the investment and hence real return falls. Onto it, if any country’s currency is on a weakening side, then definitely, withdrawal of the investment turns costlier. So, why would foreign investors stay longer and keep their investment in your country when your inflation is overshooting and currency is falling.

Impact on Businesses

The higher inflation globally was a headwind for the businesses as their raw material prices were becoming costlier day by day. The import prices were also rising. As the economy was in the recovery phase from COVID pandemic, unfortunately, they were not able to pass it on to the consumer. So, they are taking a hit by reducing their profit margin. Another point that will now affect the businesses is RBI’s rate hike. Due to higher interest rates, their working capital loans become costlier and the burden increases on the balance sheet ratios. Higher interest rates also hit the equity valuation as the discounting factor increases.

Impact on Consumers

As producers keep on passing higher prices to the consumers, the household ends up having lesser savings with them. The rate hike by RBI also increases their loan costlier as the base rate or benchmark rate increases. And the final one, depreciation in the Rupee makes imported items expensive. This includes smartphones, laptops, televisions, refrigerators, and even some daily necessities which are heavily dependent on imported raw materials. The student visiting abroad for study or citizens making their foreign tour will also need to pay extra as the local currency is under pressure.

Indian Rupee outlook

Overall, deteriorating fundamentals like widening trade deficit/CAD/fiscal deficit, higher inflation, and weakening EM currencies will keep pressure on the Rupee. RBI could regularly intervene and calm down the nerves but steady depreciation towards 78 and 78.50 is imminent over the next two months. The likely short-term range would be 76.50 to 78.50. The negative impact of the same on investment flows into the country, businesses and consumers will surely be dreadful.

(Amit Pabari is the Managing Director of CR Forex Advisors. Views expressed are the author’s own.)

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Apr 4, 2023
Khandar Rajasthan Assembly Constituency Election 2023: Date of Result, Voting, Counting; Candidates

As anticipation mounts for the upcoming Khandar Constituency Election in Rajasthan, voters are eagerly awaiting the big battle that kicks off with the announcement of key dates by the Election Commission of India. Here, we provide you with essential details about the Khandar Constituency Assembly Election 2023 that every voter should be aware of.

Khandar Constituency Rajasthan Assembly Election 2023: Voting Date

The voting date for the Khandar Assembly Constituency Election 2023 has been officially announced by the Election Commission. As per the ECI, Khandar Assembly Constituency will go to polls on November 25. Stay tuned for updates as we bring you the latest information.

Khandar Rajasthan Election 2023: Candidates

Watch this space as prominent political parties, including the Indian National Congress (INC)Bharatiya Janata Party (BJP)and None Of The Above(NOTA) along with others, are poised to reveal their candidates for the Khandar Assembly Constituency Election 2023 post the official declaration of voting dates by the Election Commission of India.

Stay informed as we bring you the latest updates on the Khandar Assembly Constituency Election 2023, keeping you abreast of all the developments and insights that matter to you.

Khandar Constituency RJ Election Result: What happened in 2018

Ashok from Khandar of Rajasthan, won the seat with 89028 votes. He defeated Bharatiya Janata Party’ Jitendra Kumar Gothwal who had polled 61079 votes. The winning margin was 27949 votes.

2018 Khandar Assembly Constituency Election Result

Winning Candidate NameParty NameTotal VotesAshokIndian National Congress89028

Candidate List Party Name Votes Gained (Vote %) Ashok Indian National Congress 89028 (56.37%) Jitendra Kumar Gothwal Bharatiya Janata Party 61079 (38.67%) None Of The Above None Of The Above 2736 (1.73%) Ramprakash Bahujan Samaj Party 2460 (1.56%) Balram Bairwa Independent 1009 (0.64%) Ramjilal Bharatiya Rashtravadi Samanta Party 442 (0.28%) Chiranjilal Bairwa Independent 441 (0.28%) Shambhoo Aam Aadmi Party 390 (0.25%) Hariprasad Raigar Bharatiya Yuva Shakti 359 (0.23%)

Khandar Constituency RJ Election Result: What happened in 2013

In the Rajasthan Assembly election of 2013, Jitendra Kumar Gothwal won from the Khandar seat garnering 58609 votes and defeated Indian National Congress candidate Ashok who bagged 39267 votes. The candidate who came third was National People’s Party’ Rakesh Kumar.

Jitendra Kumar Gothwal got 58609 votes while Ashok got 39267 votes.

2013 Khandar Assembly Constituency Election Result

Winning Candidate NameParty NameTotal VotesJitendra Kumar GothwalBharatiya Janata Party58609

Candidate List Party Name Votes Gained (Vote %) Jitendra Kumar Gothwal Bharatiya Janata Party 58609 (41.21%) Ashok Indian National Congress 39267 (27.61%) Rakesh Kumar National People’s Party 30424 (21.39%) None Of The Above None Of The Above 4382 (3.08%) Naresh Kumar Bahujan Samaj Party 4277 (3.01%) Chothmal Bairwa Independent 1937 (1.36%) Sampati Bai Independent 1456 (1.02%) Arvind Kumar Bairwa Independent 944 (0.66%) Bhagawan Das Bharatiya Yuva Shakti 923 (0.65%)

Khandar Constituency RJ Election Result: What happened in 2008

Ashok of the INC was the winning candidate from the Khandar constituency in the RJ Assembly elections 2008, securing 44440 votes while 33808 votes were polled in favour of Hari Narayan of the BJP. The margin of victory was 10632 votes.

2008 Khandar Assembly Constituency Election Result

Winning Candidate NameParty NameTotal VotesAshokINC44440

Candidate List Party Name Votes Gained (Vote %) Ashok INC 44440 (43.63%) Hari Narayan BJP 33808 (33.19%) Naresh Kumar BSP 16506 (16.21%) Sawan Kumar IND 2678 (2.63%) Dinesh Tilker LJP 1548 (1.52%) Madan Lal IND 745 (0.73%) Manju Devi IND 736 (0.72%) Radhey Shyam IND 722 (0.71%) Buddhi Prakash SP 664 (0.65%)

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Apr 4, 2023
Rating: BUY; LIC – Expect strong growth in products

Life Insurance Corporation of India (LIC)’s Q3 reported a standalone net profit of Rs 6,334.2 crore in Q3FY23, up 27x y-o-y. This is a result of the transfer of Rs 5,670 crore from the non-par segment to shareholders’s accounts (related to accretion on available solvency margin). For 9MFY23, PAT grew 13.7x y-o-y to Rs 22,970 crore.

Annualised premium equivalent (APE) came in at Rs 12,320 crore in Q3FY23. Value-of-new-business (VNB) declined 21% y-o-y to Rs 1,800 crore as VNB margin moderated by 60bp q-o-q to 14.6% in Q3FY23.

Also read: Nykaa Q3 results: Net profit falls 68% on-year to Rs 9.2 crore as expenses jump faster than revenue

The sequential decline in VNB margin was a result of higher growth in the ULIP segment and re-pricing in the annuity products. Margin in the individual par segment improved to 11% from 10.6% in 1HFY23, while the same for non-par segment moderated to 63.6% from 68.7% in 1HFY23. Within the group segment, the margin moderated to 12.3% in 9MFY23. We now expect LICI to deliver a 15% CAGR in APE over FY23-25, thus enabling a 21% VNB CAGR. However, we expect operating RoEV to remain modest at 10.4%, given its lower margin profile than private peers.

LIC reported a 15% y-o-y growth in net premium, led by a 27%/6% growth in the new/renewal business. Total NBP grew 27% y-o-y to Rs 51,800 crore in Q3FY23, primarily led by 39% y-o-y growth in the group segment, while individual NBP reported a muted growth of 2% y-o-y. On an NBP basis, the share of PAR products moderated q-o-q to 66.4%. Term products contribute only 0.4%. Sales (Individual NBP) in the banca channel grew 48% y-o-y to Rs 1,360 crore in 9MFY23. This channel now contributes 3.5% of overall sales vs. 2.6% in 9MFY22. Incremental focus and a wider product offering will continue to drive higher sales from this channel.

Growth in agency channel was modest at 8% y-o-y to Rs 37,300 crore. However, LIC is continuously training the agents to sell non-par products. The persistency ratio saw mixed trends, with improvement in select cohorts. The impact of proposed changes due to tax treatment on maturity receipts stands minimal at 1.8% of APE. LIC has launched six new products in the non-par segments over 9MFY23 to increase the mix of such products.

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LIC is witnessing an increase in the mix of business by Banca and other channels. LIC will continue to scale up these channels. Within the non-par segment, ULIP business has grown at a higher pace.

LICI has all the levers in place to maintain its industry-leading position and ramp up growth in the highly profitable product segments. However, changing gears for such a vast organisation requires a superior and a well-thought out execution plan.

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