BUSINESS
Railways, defence among 4 pockets that may emerge as money spinners
Anand Shah of ICICI Prudential AMC bets on railways, urban infrastructure, renewable power and defence even as concerns rise over expensive valuations
BUSINESS
Santa rally for Railway stocks | Tactical bets ahead of upcoming Union Budget spur buying
An upmove in these stocks is largely due to tactical buying ahead of the upcoming Union Budget. Additionally, decent growth visibility because of a likely increase in railway capital expenditure has also propped up sentiment for the sector.
BUSINESS
Stocks on expressway | PNC Infratech, KNR Constructions may speed up on order inflows, valuations
Attractive valuations and NHAI order inflows in the second half of this fiscal are likely to pep up the two EPC stocks despite a lull in the sector.
BUSINESS
Railway stocks on racetrack as investors place tactical bets
“Railway stocks are generally a tactical play. This means investors are buying these stocks as a short-term investment bet based on the anticipation of some announcement from the government,” said Awanish Chandra, Head of Equities, SMIFS.
BUSINESS
Bull vs Bear | Most analysts upbeat on Siemens but Nomura cuts rating on stock
Nomura has downgraded its rating on shares of Siemens to Neutral from Buy
BUSINESS
Exclusive | Sheela Foam, Welspun and 3 PE firms in race to buy controlling stake in Kurlon
Apart from Sheela Foam, there are other contenders too, both strategic and private equity, which include the Welspun Group, Bain Capital, TA Associates and KKR
BUSINESS
Daily Voice | PMS Head of LIC sees investment opportunities in mid and small caps
Taking into account the most popular valuation metrics of Price to Earnings (PE), India is still not expensive, says Ahmad Azeem of LIC Mutual Fund.
BUSINESS
List of FIIs seeking an out from NSE continues to grow longer
The latest is Morgan Stanley, which is seeking to sell 7-10 lakh shares of NSE through the auction process with a base price of Rs 2,750-2,800. This is at a steep discount of 9-15% over the last available unofficial quote. Also, the number of foreign direct and portfolio investors exiting the exchange itself is increasing.
BUSINESS
Tea manufacturers may face margin woes; Russian purchases bad news for tea stocks
With an increase in Russian purchases of Indian tea, teamakers may experience a bounce in sales but it is bad news for the sellers because their profitability could take a beating
BUSINESS
Infra-realty – an emerging theme for investment, say market experts
The infra-realty theme offers an upside while mitigating challenges faced by standalone realty and infrastructure companies, experts said.
BUSINESS
Bear vs Bull | Market divided on Voltas: here's what has gotten its knickers in a twist
Kotak believes that margin recovery could be in jeopardy due to the uncertain pricing behaviour of competitors and a fresh round of industry-wide price cuts expected in the coming months.
BUSINESS
Guarded commentary already discounted in L&T, buyback could re-rate stock
Most brokerage firms have baked in weak profitability for the infrastructure player along with gradual margin recovery. However, a buyback is yet to be factored in and there could be another leg of re-rating in case of any buyback announcement, said an analyst from foreign brokerage firm.
BUSINESS
US recession may throw wet blanket on near-term prospects of textile sector
The reduced purchasing power in key export markets, like the US, due to recession is expected to weigh on the order book of Indian exporters, and could in turn hamper the near-term earnings for the textile companies
BUSINESS
NSE’s proposal on mergers and index reconstitution may curb wild swings in share prices
The new proposal by NSE Indices is essentially meant to curb the market volatility arising out of the HDFC-HDFC Bank merger. With HDFC being a part of the Nifty indices, the scrip could witness massive selling from passive funds. If the proposal is approved and implemented then HDFC Bank and HDFC are likely to be among the first stocks to undergo the new process.
BUSINESS
Capital Goods & Engg Earnings | Robust sales growth, lower metal prices to help margins
Healthy order books, price increases, and an uptick in demand are also likely to have driven growth.
BUSINESS
Infosys buyback to enhance earnings per share and return on equity
The buyback is efficient utilisation of cash reserves to boost shareholder return, and would arrest the fall in stock prices in the near term.
BUSINESS
Hero MotoCorp’s VIDA V1 pricing disappoints but EV investments are heartening
The VIDA V1 EV’s premium price tag saw the Hero MotoCorp stock receive a lukewarm response on the bourses.
BUSINESS
PFC’s stake sale plan scrapped? What’s cooking?
Rejection of the proposal to sell Power Finance Corporation’s (PFC) stake in Rural Electrification Corporation (REC) to Power Grid Corporation of India (Power Grid) had riled up the stocks since the news was out. Here's what the rejection means for PFC and REC-
BUSINESS
What would the Tiago EV bring to the table for Tata Motors?
Tiago EV has become India’s first electric premium hatchback offering. According to Jefferies, EVs now form 8 percent of Tata Motors’ passenger vehicle volumes in India. The primary goal for EV players, especially Tata Motors, seems to be chasing market share and establishing itself as a strong EV brand. Profitability seems to be secondary.
BUSINESS
Swaraj Engines - a tale of caution? Should you buy the stock post M&M’s stake hike?
The company has strong fundamentals, and now that it is going to become an M&M subsidiary, M&M’s solid performance should reflect in SEL’s numbers going ahead. ICICI Securities has hiked its target price by 23.5 percent
BUSINESS
MC Explains | Why promoters pledge shares
In the past, several corporates, including Vedanta and United Breweries, have raised capital by pledging their shares. What are the positives and negatives of share pledging, read on
BUSINESS
HAL rewards investors with handsome returns, execution only hindrance
The stock has soared 44% in the past three months, while year-to-date, it has gained 105 percent. With the government pushing for Make in India, companies like HAL are set to gain
BUSINESS
MC Explains | Does the market expect the Fed to deliver another hefty rate hike?
Weakening retail sales and slowing manufacturing indices may be leading indicators of a possible recession. However, the Fed could continue to hike rates well into the next year to prevent the inflation from getting entrenched.
BUSINESS
MC Explains | Why midcaps, smallcaps are burning brighter than Nifty50
Both the Nifty and the Sensex have fallen a percent in the past month. In contrast, the Nifty midcap 150 has surged over 3 percent and the Nifty smallcap 250 has jumped 6 percent during the same timeframe
