BUSINESS
Budget 2024: Realty firms eye tax relief, redefining of affordable housing
The realty sector has thrived in 2024, with strong demand driving cash flows and boosting property developers' balance sheets. Industry players eye the upcoming Budget for further incentives and growth opportunities.
BUSINESS
UltraTech Cement Q1 Preview: Weak price, realisations, and stiff competition to hamper profit
UltraTech Cement is set to present its earnings report for Q1 FY25 on July 19, with expectations of subpar performance due to weak prices and declining average realisations despite rising volumes.
BUSINESS
IREDA stock surges 6% to fresh record high ahead of Q1 results; up 364% in a year
IREDA went public in November last year, selling shares in its IPO at Rs 32 apiece. Currently, the multibagger PSU stock is trading 771 percent above the issue price.
BUSINESS
Nifty, Sensex extend opening losses; all sectors in red, heavyweights under pressure
All sectors floated in losses, with PSU and gas stocks taking a significant hit. Auto, information technology and metals were the worst hit sectoral indices. The broader market also struggled, with smallcaps and midcaps both dropping nearly one percent.
BUSINESS
Short Call: Bulls ride the railway gravy train, life insurers look at better days, autos struggle, Texmaco, Maruti, Godrej Consumer in focus
“Analysts generally regard the stock market as the passive reflection of investors' expectations. But in fact, it is an active force in shaping them.” - George Soros
BUSINESS
Mazagon Dock, Cochin Shipyard, other shipping stocks sail into uncharted waters with up to 17% surge
Shares of Mazagon Dock Shipbuilders Ltd. gained over 6 percent to hit a fresh record high of Rs 4,989.95 on the National Stock Exchange (NSE), pushing the company's market cap beyond Rs 1 lakh crore.
BUSINESS
Sensex soars above 80,000 to touch uncharted skies; what's fuelling the bull run?
Benchmark index Sensex surged to all-time highs above 80,000 on July 3, driven by HDFC Bank that soared to a record level amid expectations of a potential increase in its weightage within a significant global index.
BUSINESS
PFC, REC soar 4% on 'buy' rating from Bernstein; up to 23% upside seen in power financier stocks
REC has delivered multibagger returns of 224 percent in one year, more than quadrupling investors' money. Meanwhile, PFC stock has delivered handsome returns of around 186 percent during this period.
BUSINESS
FIIs go on a shopping spree in June; will the buying binge sustain despite valuation concerns?
First fortnight data of June month shows FIIs bought stocks from real estate, telecom and financial services sectors but sold IT, metals and oil and gas.
BUSINESS
IPO Frenzy: 3 new issues and 11 listings to hit Dalal Street next week
India's solid macroeconomic environment and promising growth prospects create an ideal backdrop for this vibrant IPO market. Next week, three IPOs will open for subscription and Street will see 11 listings.
BUSINESS
Nifty, Sensex snap 4-day winning streak; market in overbought zone, say analysts
ONGC, Dr Reddy's Labs, RIL, SBI Life and Tata Motors were the top Nifty gainers, while IndusInd Bank, Airtel, Axis Bank, ICICI Bank and Kotak Mahindra Bank were the losers
BUSINESS
Bharti Airtel, Voda Idea stocks slip into red from 52-week highs on tariff hikes; should you buy?
According to Morgan Stanley, the tariff hikes are in line with market expectations in terms of timing and magnitude
BUSINESS
HAL, BEL, other defence stocks gain after govt extends customs duty exemption on imports; should you buy?
Defence stocks have seen renewed positive interest since June 5 as the Bharatiya Janata Party (BJP) secured sufficient support from key allies and PM Modi returned to power for a third consecutive term.
BUSINESS
Nifty, Sensex close at new record highs; positive momentum to persist, bank, infra stocks among top bets
Sectorally,IT and Power indices rose 1.7 percent each, while PSU Bank index down 1 percent. In broader markets, the BSE midcap index ended flat, while smallcap index shed 0.5 percent.
BUSINESS
Airtel, Vodafone Idea, Bharti Hexacom stocks trade mixed after spectrum auction; how should you trade?
Bharti Hexacom made an unexpected acquisition of spectrum valued at Rs 1,000 crore to enhance its data services. Jefferies has downgraded the stock to a hold rating with a target price of Rs 1,290.
BUSINESS
NFL, FACT, RCF, other fertiliser stocks zoom up to 20%; here's what's fuelling the rally
Fertliser sector, which has exhibited mixed performance in recent years, is currently displaying the first signs of leadership in the high-beta sector, said Nuvama Institutional Equities in a recent report.
BUSINESS
Real estate demand momentum to persist; Lodha, Godrej Properties among Motilal Oswal's top picks
Despite sharp run up in last 18 months, the Nifty Realty index has only caught up with strong pre-sales performance reported by companies since the beginning of CY22 and large part of expected growth over the next two-three years is yet to reflect in valuations, said Motilal Oswal.
BUSINESS
Morgan Stanley says these stocks are riding high on India’s capex boom
Morgan Stanley is bullish on India's infrastructure play as the government ramps up capex spend, with the note projecting upside in L&T, NTPC, Titagarh Rail Systems, and Ultratech Cement.
BUSINESS
Paytm stock extends losses for a third day, Emkay bearish despite Zomato deal talk
Paytm's movies business is high on margin and if the Zomato deal materializes, it is likely to hit the fintech's customer traffic, Emkay Global said.
BUSINESS
Zee Entertainment stock under pressure after CFO Rohit Kumar Gupta resigns
The head of Zee's commercial and strategic initiatives - Mukund Galgali - who has been with the group for 17 years, will assume responsibilities as acting CFO from June 19.
BUSINESS
Brokerages bullish on Zomato’s acquisition of Paytm’s ticketing business
Zomato is in discussion to acquire Paytm's movie ticketing and events business. Brokerages see the food delivery aggregator benefitting from this deal.
BUSINESS
Ambuja Cements stock gains on Penna acquisition; Jefferies, Morgan Stanley bullish on volume growth
Jefferies has give a 'buy' call on Ambuja Cements with a target price of Rs 735 per share, post the announcement of acquisition of Penna Cement Industries for Rs 10,442 crore.
BUSINESS
Mawana, Shree Renuka, other sugar stocks zoom up to 13% on reports of MSP hike for FY25
Sugar stocks such as Shree Renuka Sugars, Balrampur Chini Mills, Dalmia Bharat Sugar, EID Parry zoomed up to 13 percent amid report that the government is considering increasing minimum support price (MSP) of sugar for 2024-25.
BUSINESS
Jonathan Garner of Morgan Stanley: India to emerge as FII's darling; bullish on ICICI Bank, Maruti, and more
As India continues to attract global funds and shift towards consumer-driven growth, it presents compelling opportunities for investors looking to capitalize on its expanding economy and dynamic market environment.
