Xi reiterated goal for achieving “moderately prosperous society” by 2020 along with an emphasis on structural reforms for almost every facet of the socio-economic set up. The implication here is for the “soft landing” of the Chinese economy along with reforms on both domestic and international fronts.
News reports suggest projects of about 4500 MW could be awarded over the next four months, which is quite significant given market estimates of mere 1500 MW addition this year.
Below is our latest offering: 12 conviction picks that could fetch you strong returns if held from this Diwali to the next, along with the rationale for our choices. The list is in alphabetical order.
The quarter marked the first standalone reporting for Jio, and the numbers were better-than-expected with both EBIT and EBITDA being positive
Management seems upbeat on transformational changes in key end markets of retail and BFSI but also point out that a turnaround in those segments would take time.
Intensifying competition and increased entry of international players is expected to pose serious competition to state-run companies. International players have heavy investment plans and are looking for aggressive expansion.
It is unlikely that the government would want to tinker with the GST structure and introduce any slab higher than 28 percent. But if it decides to bring it under GST, it will be at a huge cost.
What’s the way forward – struggle and put up with the pain or get merged with a “big boy” as one of their peers is contemplating?
For long term investors looking to play the lucrative theme of financial intermediation, MAS offers steady growth with high quality.
The message is loud and clear – with myriad headwinds impacting prices, rates are not the only answer to growth revival.
The farm to fork company has stakes in promising segments which we believe are well-positioned to create value in the long term.
The worst nightmare of any central bank appears to be unfolding now. After the last policy, none of the data points seems to have lend incremental comfort.
Moneycontrol attempts to identify stocks that wise investors should use to duck and weave through this particular storm.
Godrej Industries Limited (GIL), has reaped huge dividends from its investments across various businesses like FMCG and property development by taking them public.
Most NBFCs lend in small ticket sizes and are more focused on consumption-based lending. The onus of reviving investment should therefore not be expected from this segment.
Moneycontrol estimates that as much as Rs 5,000 crore could be lost over three days in terms of output.
It may be early to ring alarm bells, but macro indicators are far from comforting. Unless things improve meaningfully in the second of this fiscal, equities will struggle to climb higher, no matter how strong the inflows into mutual funds.
Aarvee Denims delivered a return of 47 percent in the past week alone after Porinju Veliyath bought 1.81 lakh shares of this not-so-well-known company.
While the consolidation is certainly on the cards, it will be interesting to see who all bags some of these assets. With the improved outlook for steel, sellers are gaining bargaining power.
Dilip Buildcon and KNR Construction are among top bets in the segment
With Nandan Nilekani taking over, the baton is decisively in the hands of the founders. The question that has got to be answered is, while this is good news, is it a great outcome?