MARKETS
Sensex plunges over 1,800 points in 3 days; what’s pulling the market down?
The Sensex and the Nifty traded sharply lower for the third session in a row despite Asian markets led by China clocking gains
MARKETS
What prompted Rakesh Jhunjhunwala to bump up stakes in these four stocks in December quarter
Of the 42 stocks the Big Bull holds, the holding went up in four companies – Indian Hotels, Titan Company, Tata Motors, and Escorts – and down for five, data available on Trendlyne showed.
MARKETS
PTC India Financial sinks 16% over corporate governance issues
Three independent directors resigned and raised concerns over corporate governance standards at the company
EARNINGS
HUL Q3 Preview | Revival in discretionary products to drive 9.5% sales growth
The slowdown in the rural market that contributes the most to HUL’s revenues is expected could hit the company’s topline performance
MARKETS
Indian gaming stocks zoom on Microsoft-Activision deal but analysts are not excited, here's why
The share price of Nazara Technologies hit its 5 percent upper circuit limit of Rs 2,494.25 on the NSE, while that of OnMobile Global soared 15.5 percent to Rs 148.85
ECONOMY
Budget 2022 | Bharat needs revival of animal spirits to boost consumption
Rural demand turned sluggish after the second wave of the pandemic even as other parts of the economy recovered robustly.
EARNINGS
Bajaj Auto Q3 preview: Lack of festive cheer to sink net profit by 23%
Analysts say a slowdown in rural demand, as well as a decline in export volumes, have hurt the company’s topline and any growth in revenue will be driven by price hikes.
MARKETS
Jitters over Tech Mahindra's acquisition spree?
The IT services company has made 10 acquisitions in the first ten months of the current financial year at a cash outlay of nearly $900 million.
EARNINGS
Q3 Preview: Bajaj Finance to see strong growth aided by festive demand
With the bulk of the festive and wedding season lying in the December quarter and demand for residential housing surging, analysts expect strong commentary from the management on loan disbursement in the coming quarters.
MARKETS
EV-linked stocks rise as Delhi notifies new policy for ride aggregators
Under the new policy, the Delhi government has also mandated that 50 percent of all new two-wheelers and 25 percent of all new cars be electric by March 2023.
MARKETS
Motherson Sumi tanks 21% as stock trades ex-wiring harness operations. What lies ahead for investors?
On January 24, the merger of Motherson Sumi's promoter entity and Samvardhana Motherson International into the listed entity Motherson Sumi will be completed with the new entity to be named Samvardhana Motherson.
INTERVIEW
Exclusive: Nomura's Saion Mukherjee on why euphoria surrounding private capex revival may be misplaced
"I think there is an element of euphoria around capex revival, but it will not be as swift as some market participants believe."
MARKETS
Aurobindo Pharma falls over 3% after bulk drug manufacturing unit receives warning letter from US
The unit inspected in August by the US Food and Drug Administration was issued a Form 483 with seven observations of violations of good manufacturing practices.
MARKETS
Why new-age technology stocks will continue to bleed in 2022
Barring Paytm operator One97 Communication, most of these new-age tech stocks listed with substantial premiums on their debut on the bourses driven by near euphoric interest from first-time retail investors, who were exposed to these companies in their daily life
EARNINGS
FMCG Q3 Preview | Rural market slowdown may dent volume growth
Price increases may contribute to top-line growth but may not be enough to stem the contraction in operating margins
MARKETS
Hiccup in Wipro’s growth trajectory to widen valuation discount to peers
Brokerage firm Morgan Stanley believes that the disappointment on the growth front in the face of elevated industry expectations could result in a sharp sell-off in the stock going ahead and expects that to increase the valuation discount of the stock to peers like Infosys and TCS.
EARNINGS
Infosys Q3 results | IT major on course to clock 8-year-high sales growth in FY22, other takeaways
A strong December quarter has seen the company bump up its 2021-22 consolidated revenue growth guidance in constant currency to 19.5-20 percent from 16.5-17.5 percent
MARKETS
Nifty, Sensex rally enters fourth day. What's driving the bulls on Dalal Street
The risk appetite on Dalal Street has seen a sharp recovery with the turn of the year with gains being spread out across market segments
MARKETS
Vodafone Idea rebounds 7% as managing director rules out takeover by government
Vodafone Idea on Tuesday had said it has exercised the option to convert interest payable for the four years of deferment on the deferred spectrum installments and its adjusted gross revenue dues into equity that will see the government holding a 35.8 percent stake in the company post-dilution.
MARKETS
Bharat Forge falls as much as four percent as CLSA downgrades stock to ‘sell’
This comes after shares of Bharat Forge had risen over 4 percent last week on the perception that the recent spread of Omicron across the US may not hamper robust economic growth in the region.
BUSINESS
Pharma Q3 Preview | Lukewarm growth expected as US market sales slowdown
The sector will also be affected by a high base of the year-ago quarter with its impact being felt acutely on the operating performance of drugmakers as analysts expect EBITDA to grow by just 5 percent in the December quarter.
MCMINIS
Why tech stocks are bleeding in the US
MARKETS
Jefferies India calls curtain on bull run in Indian steel stocks
Jefferies India’s downgrade of the sector may not come entirely as a surprise to investors who have seen many steel stocks give up substantial gains in the past four months.
BUSINESS
5 stocks that brokerages are betting on for 16-36% returns in 2022
A cement-maker, a pharma firm and specialty chemicals company are among the top picks of broking firms for the new year
