BUSINESS
Foreign investors bet big on revival in buying power of domestic consumers
High-frequency indicators such as automobile sales, air and rail passenger traffic and anecdotal evidence from various consumer-facing sectors show that more and more consumers are willing to spend, especially, in urban areas
BUSINESS
PSUs may repeat historic returns of 2001-2011 bull market: ICICI Pru MF’s Mittul Kalawadia
Kalawadia, who will steer ICICI Prudential MF’s recently launched PSU Equity Fund, believes that PSUs are entering a new phase of outperformance
BUSINESS
A $62-billion fund house is betting big on market’s most underappreciated pocket
Mittul Kalawadia, who will manage ICICI Prudential MF’s recently-launched PSU equity fund, says investors could make ‘meaningful gains’ as the business cycle improves in many sectors in which PSUs are dominant players. He also sees power sector stocks doing well.
BUSINESS
India’s $3 trillion equity market cap justifies TINA tag for now: SBI Research
While India appears best-placed in terms of growth and inflation outlook, market valuations are back in the ‘rich’ zone and the health of the rural economy remains in doubt.
BUSINESS
Investors carry more than $1 billion in bearish bets ahead of Jackson Hole
The symposium comes in the backdrop of Fed having to acknowledge its error on inflation being transitory last year as it raised interest rates by 225 basis points since March
BUSINESS
A stock trader’s guide to Reliance Industries AGM today
Investors expect announcements pertaining to the possible listing of Jio Platforms and Reliance Retail, its new energy business, and the pricing of 5G mobile phone services.
BUSINESS
Interview | A Fed rate hike pause is coming and so is a rate cut, says Julius Baer’s Matthews
In his opinion, investor anguish over interest rate hikes by the US central bank may end soon.
BUSINESS
Valuations in focus as Indian stocks become twice as expensive as EM peers
Outlook on the global economy looks grimmer with the inversion in the US 10-year and 2-year yield curve, an indicator of recession probability in the US, now the most negative in 22 years
BUSINESS
RBI opens discussion on MDR charges; clouds gather over SBI Card
Though analysts believe there may not be any immediate concern, the market gave the stock a thumbs down
BUSINESS
India Inc banks on strong domestic demand to keep earnings momentum intact
Over the last year, demand trends in India have diverged as high inflation and unseasonal rain resulted in a compression in rural demand while reopening of urban areas led to a resurgence in urban discretionary demand
BUSINESS
Rakesh Jhunjhunwala | His greatest investment hits, and odd misses
The trader-turned-investor has left behind a legacy of taking the equity cult to the masses in his inimical style and a portfolio worth nearly Rs 32,000 crore
BUSINESS
Domestic investors rejoice as smallcap stocks stage sharp recovery
The decline in Indian smallcap stocks earlier this year was largely in line with global peers, and so has been the rebound.
BUSINESS
Enhanced related-party disclosures fuel hopes of RIL listing subsidiaries
RIL 2020 had sold a significant minority stake in both Jio Platforms and Reliance Retail to a clutch of private equity investors, including Facebook and Google.
BUSINESS
Hindalco Q1 preview | Net profit to surge 20% on-year on elevated aluminium prices
On a sequential basis, however, the performance of Hindalco’s standalone business is expected to take a sharp knock
BUSINESS
Paytm shows progress on path to profitability but Street still sceptical
Investors seem to be cheering the June quarter numbers, as Paytm touched Rs 834.10 in at noon, its highest level since February 18.
BUSINESS
M&M Q1 preview | Net profit to grow 82% YoY led by strong farm equipment business
The strong volume performance and price hikes undertaken by the company will reflect in a sturdy operating show for the June quarter.
BUSINESS
Smaller may be better as IT sector braces for stronger macro headwinds
Consensus earnings estimate for large-cap IT companies have been cut by 3-8 percent for the current financial year and 2-7 percent for the next financial year following the June quarter earnings season
BUSINESS
India’s corporate earnings are faring better than investors feared
A quick glance at the earnings of Nifty50 companies for the June quarter, so far, show that investors’ fears might have been misplaced
BUSINESS
DIIs take safety-first approach as macro uncertainties escalate world wide
Global equities have been under siege, barring the recent bounceback, owing to surge in global interest rates
BUSINESS
Bajaj Finance Q1 preview | Net profit to more than double on strong loan growth
Bajaj Finance Q1 preview: New loan booking in the quarter likely rose 60 percent on a year-on-year basis aided by the low base of the year-ago quarter
BUSINESS
Tata Motors Q1 preview | Consolidated net loss to narrow on-year; sales growth muted
Tata Motors Q1 preview: The weakness in the June quarter results will be driven by the company’s subsidiary Jaguar Land Rover
BUSINESS
Bajaj Auto Q1 preview | Growth to remain muted on supply challenges, high costs
Bajaj Auto Q1 preview | Price hikes undertaken by the company helped the topline to grow on a year-on-year basis even as volumes likely fell
BUSINESS
Axis Bank Q1 preview | Net profit seen surging 67% on-year led by lower provisions
On sequential basis, net profit is expected to decline 12.6 percent on heavy treasury losses worth Rs 2,070 crore, due to sharp rise in domestic government bond yields. Also, analysts and investors will await the lender’s commentary on loan growth and asset quality.
BUSINESS
ICICI Bank Q1 preview | Net profit to rise but treasury losses to cap gains
ICICI Bank Q1 preview: The topline performance of the bank is expected to be strong as net interest income may rise 19.6 percent on-year
