BUSINESS
Siemens shareholders vote against sale of low-voltage motors business to parent, stock hits 52-week high
With this opposition, the larger view in the market now is that Siemens will have to revisit the terms and conditions of the deal and most likely also reconsider the valuation which had made investors antsy.
BUSINESS
L&T buyback: Will it continue to propel the stock higher?
While some brokerages believe there is limited upside as the stock is expensive, others feel the company is well-placed in the long term due to global and domestic growth opportunities.
BUSINESS
The Strange case of IGL: Analysts diverge over volumes and valuation
The question is not about when volumes will recover, but over whether they will recover at all. Some analysts see Indraprastha Gas Ltd as an attractive `buy’ option, others advise caution.
BUSINESS
Strong rally in smallcaps still likely, under-invested companies could be moneymakers: Pawan Bharadia of Equitree Capital Advisors
Bharadia is bullish over the market’s long-term prospects. He strongly believes that while there may be short-term volatility, this is India’s decade.
BUSINESS
India's wealth explosion to flood AIF industry with inflows: Vikaas Sachdeva of Sundaram Alternate
Vikaas Sachdeva of Sundaram Alternate says the AIF industry is set to witness a torrent of inflows. With more disposable incomes at hand, high net-worth individuals and ultra HNIs are exploring investment options beyond conventional avenues like real estate, gold, fixed deposits, and mutual funds.
BUSINESS
Know your stock | Can smart metering order change the complexion of GMR Power, and create value for shareholders?
The project worth Rs 3,150 crore will see the company install over 75 lakh smart meters in UP. It will provide GMR Power with a steady stream of revenue over the next few years
BUSINESS
Sheela Foam soars 15% as Street cheers Kurlon buyout, Furlenco acquisition
The Street believes the deal with Kurlon is financially attractive while the acquisition of Furlenco will allow Sheela Foam to enter the branded furniture market and facilitate cross-selling between the two companies.
BUSINESS
Exclusive: Sheela Foam to now buy Kurlon Enterprise for Rs 2,150 crore
If the deal to take over the Kurlon mattress maker goes through, the expectation is that Sheela Foam which is known for the Sleepwell brand, will nearly double its market share to 40 percent.
BUSINESS
IT could be staring at more downgrades in Q1, says Krishnan of Marcellus
Krishnan also believes that considering that inflation is under control and that the current government and its policies are expected to continue post next year’s general elections, the markets are not over-priced.
BUSINESS
Local MFs dumped HAL in May, June and now scream ‘plot twist’ as stock hits record high
Fund managers seems to have certainly missed the bus, and now the stock seems to be smiling at them with its 40-percent climb.
BUSINESS
Sucker Punch: Will Flipkart’s venture into logistics knock Delhivery sideways?
Delhivery's integrated logistics services and cost advantages allow it to offer competitive pricing. With a wide national reach, international expansion, and significant investments in automation and technology, the company is expected to increase its market share in the near term.
BUSINESS
Online gaming stocks crash; only sellers in Delta Corp as 28% GST bites
Shares of Delta Corp sunk, hitting the 10 percent lower circuit limit at Rs 222.15.
BUSINESS
Bikes in a battle: Can Bajaj Auto take a bite from Royal Enfield's market pie?
Analysts agree that Bajaj Auto will certainly offer stiff competition in the premium bike segment but are cautious in their forecast
BUSINESS
EMS sector on a roll: Are there more legs to some of the chartbusters?
Thanks to the huge need for electronics in industries like electrical vehicles, infrastructure, industrials, automotive, and consumer goods, India's EMS market is estimated to grow almost six-fold in five years — from $14 billion in FY21 to $81 billion in FY26
BUSINESS
Industrial stocks: Are investors chasing momentum?
The industrial sector is the only one to have seen an influx of FII money every month since May 2022
BUSINESS
Smallcaps: Big opportunity or treading on thin ice?
Due to the illiquid nature of smallcaps, deployment takes time as mutual funds have to wait for the right opportunities. On the other hand, chasing the stocks may drive up the prices.
BUSINESS
Exclusive: Sheela Foam to buy Kurlon Enterprise for Rs 3,250 crore
If the deal to take over the Kurlon mattress maker goes through, it will help Sheela Foam, known for the Sleepwell brand, nearly double its market share to 40 percent
BUSINESS
Textile stocks: What’s triggering the joyride to new highs?
There is a hope of recovery for the sector with trade volumes likely to improve in the second half of FY24 as global retailers order their summer and spring 2024 collections, some analysts said.
BUSINESS
Exclusive: Senco Gold plans third attempt to list with Rs 400-crore IPO
The IPO proceeds will be used to expand the company’s presence in north India, and to expand its high-margin diamond jewellery business. The company clocked Rs 4,075.56 crore in FY22-23, a jump of 15 percent over the year prior.
BUSINESS
What does the recent export order mean for RITES?
“In this context and based on the execution of new export orders, we increase the company’s revenue growth projection for FY25 by 5 percent to 17 percent,” said Axis Securities.
BUSINESS
Suzlon Energy, Inox Wind in focus after Siemens Energy withdraws profit guidance
What has made market participants slightly nervous, is the company highlighting that the cost for onshore wind turbine could be a massive figure. This reflects negatively on onshore wind turbine manufacturers such as Suzlon Energy and Inox Wind.
BUSINESS
Accenture signals demand slump, Indian IT stocks go downhill
At 11:40am today, the Nifty IT index was down 0.7 percent with stocks such as Tech Mahindra, Infosys, Mpahsis, and Tata Consultancy Services shedding around a percent
BUSINESS
Dynamatic Technologies: Piggybacking on sunrise sectors
The hydraulic gear pumps manufacturer has been increasing its focus on the defence and aerospace businesses, both of which are emerging as celebrity sectors. In the last three years, Dynamatic share price has skyrocketed to almost 500 percent.
BUSINESS
Hammer and tongs: Taparia Tools’ dividend yield comes in at 1550%
For the year ended March 2023, Taparia Tools declared a final dividend of Rs 77.50 a share and an interim dividend of Rs 77.50, translating into a dividend yield of 775 percent each.
