BUSINESS
India poised to replace China as largest market in EM index: Morgan Stanley's Jonathan Garner
India's ROE is one of the highest in global markets. Only the United States has a higher ROE than India, whereas China's ROE has approximately halved over the past decade, according to Garner.
BUSINESS
ixigo IPO sees decent subscription on Day 1; retail, HNIs lead
ixigo raised Rs 333 crore via its anchor book. Some of the marquee investors who subscribed to the anchor issue include Nomura, Morgan Stanley, 3P India Equity Fund, HDFC MF, Motilal Oswal MF, Government of Singapore, Tata Investment Corp.
BUSINESS
Suzlon Energy stock slumps 5% after independent director quits; Nuvama retains 'buy' rating
An independent director on the board of Suzlon Energy - Marc Desaedeleer - tendered his resignation from the board on Saturday, June 8, the company informed through a regulatory filing.
BUSINESS
Analysts sour on Asian Paints as competition, demand fears paint gloomy picture
Axis Securities expects Asian Paints stock to move sideways in the near term, owing to increased competition from the new entrants (JSW and Grasim) which will keep the profitability under check in the near term.
BUSINESS
Sobha, Brigade Enterprises, other realty stocks rise as RBI leaves rates unchanged
With the RBI pausing rate hikes and real estate developers ramping up business development, Nuvama Institutional Equities believes the sales momentum would improve, particularly for organised developers.
BUSINESS
Taking Stock: Indices shed jitters as BJP allies pledge support; investors' wealth jumps by Rs 13 lakh cr
All sectoral indices ended higher with Nifty Private Bank soaring over 5 percent. Nifty Auto, Bank and FMCG indices gained over 4 percent each and other sectoral indices also rose up to 3 percent.
BUSINESS
FMCG stocks soar as investors seek safety in defensives; Emami, HUL, Dabur top gainers
The FMCG sector valuation is likely to see a re-rating with the emergence of tailwinds that align well with the enhancement in company execution, said Emkay Global.
BUSINESS
PSU stock carnage continues on surprise election verdict; time to exit defence, railway stocks?
Sushil Kedia, the founder of Kedianomics believes that the era for public sector undertakings (PSUs) might be over, suggesting that defense and railway thematic stocks have also likely topped out.
BUSINESS
HAL, Bharat Dynamics, BEL, other defence stocks zoom to lifetime highs on exit poll impact
Shares of Hindustan Aeronautics, Bharat Dynamics, BEML, Bharat Electronics and several other defence companies hit all-time high on June 3 after exit polls showed a policy continuity by the PM Modi government.
BUSINESS
Markets cheer likely BJP victory; macro stability, capex focus to sustain multi-year bull run: Emkay
Analysts at Emkay believe that macro stability is one of the NDA’s key achievements and they expect that to continue. 'The fiscal consolidation path should continue,' they said.
BUSINESS
Suzlon Energy stock price target raised on positive outlook; analysts see 20% upside
Given the strong outlook on order inflow and execution growth in medium term, ICICI Securities maintained a 'buy' call on Suzlon Energy stock with a revised target price of Rs 54 per share
BUSINESS
NTPC stock gains as brokerages retain bullish calls despite Q4 results miss; Nuvama raises target price
Given NTPC’s 25 percent share in India’s power generation and the country’s plan to add 30–40GW of RE a year, Nuvama argues that the PSU is poised to maintain its market share without requiring external equity.
BUSINESS
Vodafone Idea stock jumps 9% on UBS upgrade; analysts see up to 80% upside
UBS has maintained its 'Neutral' ratings on Bharti Airtel and Indus Towers with a material increase in target prices for both telecom stocks.
BUSINESS
IndiGo's robust Q4 results prompt multiple target price hikes; brokerages see up to 18% upside
"IndiGo has been delivering best-in-class performance, thereby gaining market share. Despite being largely domestic-focused, IndiGo has among the best aircraft utilization levels," said Nuvama.
BUSINESS
Grasim Industries Q4 preview: Revenue likely to fall on muted volume growth, lower realisations
Meanwhile, the EBITDA for the VSF segment is expected to grow 166 percent YoY, and OPM is expected to increase 6.5pp YoY to 10.3 percent.
BUSINESS
BEL stock hits new high on robust Q4 results; brokerages bullish, see 20% potential upside
BEL stock has more than doubled investors' wealth in the last one year, rising 161 percent. The stock has extended its gains for 2024 to over 40 percent.
BUSINESS
ONGC Q4 Results Preview: Oil PSU likely to report dull earnings on flattish realisation, sales volume
JM Financial expects ONGC’s Q4FY24 net crude and gas realisation to be largely flattish sequentially. Sales volume is also expected to be flat to slightly lower on a quarter-on-quarter (QoQ) basis.
BUSINESS
US markets at all-time high on 'good' inflation data: Can the rally continue?
While nations like Switzerland, Sweden, Brazil, and Peru have already cut rates, many—from Australia to Malaysia to Poland, and Serbia—are still waiting for the US to take the lead.
BUSINESS
Vodafone Idea stock gains despite net loss widening in Q4; Kotak maintains 'sell' call
Vodafone Idea informed that it is in discussions with a consortium of banks to raise Rs 25,000 crore and additional non-fund-based facilities of up to Rs 10,000 crore.
BUSINESS
NCC stock zooms 8% on robust Q4 results; brokerages raise target prices
NCC continued its winning streak in the March quarter, as it bagged orders taking the total order value to Rs 27,283 crore, secured in 2023-24.
BUSINESS
Paytm stock gets 'Reduce' rating from Emkay; analysts see up to 12% downside
Paytm shares have been under pressure since RBI imposed major business restrictions on its associate firm Paytm Payments Bank Limited on January 31
BUSINESS
Oberoi Realty surges to record high as brokerages raise target prices on robust Q4 results
Oberoi Realty has also received approval from its board to raise funds of up to Rs 4,000 crore through the issuance of non-convertible debentures (NCDs) and a qualified institutional placement (QIP) of equity shares.
BUSINESS
Siemens stock rises to 52-week high as March quarter results beat estimates; brokerages raise target prices
According to Bloomberg data, 17 analysts have a 'buy' call, 5 have a 'hold', and 5 have a 'sell' rating on Siemens India stock.
BUSINESS
Why Bernstein believes 'low voter turnout' shouldn't lead to investor panic as yet
Unless one witnesses both the voter turnout witnessing a steep decline and significant anti-incumbency, Bernstein does not see much impact on the overall election results
