Dipti Sharma

BUSINESS

Concerns over long-term growth cast shadow on Petronet LNG

Analysts say long-term growth concerns have cast a shadow on Petronet LNG but this is in contrast to the cheery outlook in the shorter run.

BUSINESS

Allcargo Logistics recast on track, two demerged entities to hit the market in a couple of months

“We should see the resulting entities listed on exchanges in a couple of months, subject to necessary formalities,” Chief Strategy Officer of Allcargo Logistics, Ravi Jakhar, told Moneycontrol.

BUSINESS

Dalmia Bharat set to become pure cement play, analysts cheer strategy

The company said it is focussed on becoming a pan-India pure play cement company, increasing its presence in every market it operates, and maintaining a strong balance sheet.

BUSINESS

Will debt MF investors now turn to FDs with indexation sparkle gone? Here’s what market experts say

Indexation which was the eye candy for debt MF investors, factors in inflation, which helps to lower taxes significantly. With the new mutual fund norms, indexation benefit on debt MFs will be taken away.

BUSINESS

CLSA commentary fires up Indraprastha Gas, Mahanagar Gas and Gujarat Gas shares

“The return of pricing power will bring back earnings stability and growth similar to FY16-20 and once again make IGL and MGL attractive,” CLSA pointed out.

INDIA

EPFO adds 14.86 lakh members in January 2023

Around 3.54 lakh members exited the fold of EPFO which was the "lowest exit" in the last four months, the ministry said.

BUSINESS

UltraTech Cement and Dalmia Bharat on the hotlists of Jefferies, CLSA

Cement players are focusing on volumes instead of prices in the near term to fulfil year-end targets.

BUSINESS

Hopes of margin recovery in FY24 may keep City Gas Distributors in focus

While FIIs are cautiously selling Indian equities, they have started buying shares of CGD companies.

BUSINESS

Rerating on the cards for NTPC? Here is what analysts have to say

Malaysia’s Petronas is reported to have offered Rs 3,800 crore to buy a 20 percent stake in NTPC Green Energy

BUSINESS

Steel stocks shine as Government inks pacts with specialty steel manufacturers for PLI scheme

The government is planning to introduce the second edition of the PLI scheme for specialty steel to boost production of value-added steel in the country, Union Minister of Steel Jyortiraditya Scindia said at the PLI Scheme for Specialty Steel MoU signing event.

BUSINESS

Defence stocks on fire as Defence Acquisition Council approves Rs 70,500 crore-projects; Bharat Forge, HAL, L&T gain

The Defence Acquisition Council accorded Acceptance of Necessity to projects worth Rs 70,500 crore. Reacting to this news, Bharat Forge and HAL rose over 4 percent while shares of Bharat Dynamics, Bharat Electronics, MTAR Technologies, Paras Defence and Space Technologies were up 1-3 percent on the BSE.

BUSINESS

Certainly not committing the portfolio to Adani Group stocks, says Adrian Mowat

Market veteran Adrian Mowat explained, “I think a lot of institutional investors have decided to sidestep Adani, and it hasn't been sitting in in people's portfolios. That was primarily because the valuations looked high”.

BUSINESS

Nifty Metal tanks 3% on fall in global base metal prices; Hindalco, JSW Steel, Tata Steel top losers

The selling seen in the metal stocks is on the back of a fall in global base metal prices.

BUSINESS

Bharat Dynamics: FY23 road a bit bumpy, but prospects bright for FY24

Brokerages believe the defence PSU has a huge opportunity in exports, which could be a key trigger for an upward momentum in the stock.

BUSINESS

A 13% likely surge in demand keeps investors charged up on power stocks

Power utility companies are expected to report double-digit growth for the March quarter as IMD predictions of heat waves across northern, central and eastern India will force the use of more electricity, even as industrial usage is already scaling new highs

BUSINESS

Bharat Forge gains 1% as e-mobility arm kicks off its first electric bike unit

Bharat Forge announced that its E-Mobility subsidiary, Kalyani Powertrain Ltd, inaugurated its first E-bike manufacturing facility at MIDC Chakan on March 8, 2023.

BUSINESS

What does the Unison Enviro acquisition mean for Mahanagar Gas?

Opening new avenues for growth, Mahanagar Gas Ltd has signed a share purchase agreement for the acquisition of a 100 percent stake in Unison Enviro Pvt Ltd.

BUSINESS

Private defence stocks over public ones? Here’s what the market thinks

While the large private players are diversified conglomerates, the public sector firms offer pure-play exposure to the theme making it easier to estimate long-term growth projections.

BUSINESS

Near-term hiccups may not bother Nifty 50; a new high is on the horizon, say some market experts

“My sense is, by December, we should be very close to a new high,” said Niket Shah, senior group vice president and fund manager, Motilal Oswal Asset Management Company.

BUSINESS

Prabhudas Lilladher sees sharp upside in Harsha Engineers but target price still below IPO level

The bearing cages maker’s aim to grow wallet share to 10 percent from 2 percent now, wind energy component foray and upcoming outsourcing opportunities make it a ‘buy’.

BUSINESS

Metal stocks fire up on hopes of lower Chinese production, easing input costs

Fall in coking coal prices and high domestic demand due to the government's capital expenditure push give impetus to metal firms.

BUSINESS

Decline in NBCC share price a reflection of slow pace of order inflow

“A reversal in price trend will be solely based on pick-up in awarding of orders and monetisation of real estate projects, which appears less likely at the current juncture,” warned Antu Thomas, senior research analyst at Geojit Financial Services.

BUSINESS

Green hydrogen: Prominent names set to benefit from government push

Nomura prefers Reliance Industries and Larsen and Toubro as the major players in the green hydrogen segment.