BUSINESS
IT earnings can grow 15% in 2024 as AI spending rises, says Vikas Gupta of Omniscience
The CEO and Chief Investment Strategist of Omniscience Capital says IT companies will surprise the streets with higher earnings as global players' fat budgets will benefit Indian companies as well
BUSINESS
FMCG shares take a beating after Q3 business update points to flat sales
Volume projections too, failed to impress. Godrej Consumer Products’ volumes are set to grow in high-single digits in Q3FY24, while Marico’s volumes are expected to grow in low-single digits.
BUSINESS
Why are analysts not too happy with Nestle India?
At the current price of Rs 26,620, the stock is trading at a forward PE of 80x for FY24, having gained close to 20 percent in the past three months. The valuation is much higher as compared to other FMCG companies
BUSINESS
This PMS manager has contra view on market: Siddhartha Bhaiya reveals Aequitas’ best and worst bets
Siddhartha Bhaiya reveals his investing thesis, secret sauce, best and worst bets, and much more in an all-encompassing interview with Moneycontrol.
BUSINESS
7 tips for investors in 2024: Best PMS managers spill the beans
From focusing on fundamentals to avoiding leverage and trading tips, market mavens share tips for successful investing in the New Year.
BUSINESS
ED arrests Viraj Patil in TP Global illegal forex case
Viraj Patil was arrested from Mumbai on arrival on December 25 from Mumbai before which he was staying in Dubai.
BUSINESS
Top 5 AIFs of 2023: Aequitas and First Water tops the Category III list
The best Alternative Investment Funds (AIF) Category III performers in 2023 were long-only funds.
BUSINESS
Top 5 PMS of 2023: Aequitas, Shepherd's Hill, others gained the most this year
Aequitas, Shepherd's Hill, Investsavvy, Samvitti Capital, and Invasset were the top five PMS in 2023.
BUSINESS
Meet the manager who believes in small-cap monopolies, be it mango pulps or kitchen sink
Sagar Lele, manager and co-founder of Rupeeting, follows what he calls the monopolies approach. This is one of the six approaches the firm believes in, and it alone has given 33% returns in the last one year.
BUSINESS
Smallcap rally forces Aequitas to suspend new inflows into PMS
The current frenetic and euphoric rally in the small and midcap index over the last six months has reduced the number of stocks that fit within the firm's valuation framework, managing director and CIO Siddhartha Bhaiya has said
BUSINESS
Saurabh Mukherjea’s Little Champs turns worst performer in the PMS pack over the past year
Marcellus Little Champs delivers negative returns over the past year dragging down its return since inception below benchmark
BUSINESS
Bank Nifty soars past 48,000 for first time as HDFC Bank jumps on FTSE rejig
HDFC Bank is the biggest beneficiary of the FTSE rebalance as the stock's weightage increased in the index. This will bring flows from passive funds
BUSINESS
Here are the top-performing PMS in November; Molecule Ventures and Capital Mind take the first two spots
A few of these PMS funds are as new as three-month old, while some others have been operating for as long as four years.
BUSINESS
MC Under 40: With 60% return over the past year, this manager avoids ‘hot picks’ and bats for the old and staid
Anirudh Garg, founder and fund manager at Invasset PMS, believes in the ‘two run’ theory and says whatever has happened in the last three years, won’t take off now, like IT and chemicals. He is now bullish on railway, defence and OMC stocks.
BUSINESS
Nifty PE higher than 10-year average but markets not 'expensive', say analysts
Markets right now are in a value zone and not in an expensive zone, say experts.
BUSINESS
Eye on MPC: 5 things markets to watch out for in RBI governor's speech
RBI MPC meeting: Market participants largely expect the RBI to keep the repo rate unchanged while taking a cautious approach to food inflation. The market is also keen to know about the RBI plan of action to withdraw excess liquidity from the system
BUSINESS
Why Metro Brands stock jumped 50% while Bata, Relaxo, Campus languished?
Except for Metro Brands, footwear companies had a bleak year as rising input costs hit their bottomline.
BUSINESS
November records the best Nifty 50 returns of 2023
Nifty 5o index gave 5.4 percent returns in November, while Sensex recorded a 4.7 percent gain in the same period.
BUSINESS
With Nifty above 20k, time to move money from smallcap to large stocks, say fund managers
A consensus seems to be emerging in the investment community to move money to largecaps due to high vulnerability, valuations and moderate growth expectations from smallcaps
BUSINESS
Rs 3 lakh-crore fund manager bullish on auto, discretionary names, says defence, PSUs pricey
Mahesh Patil, chief investment officer, Aditya Birla Sun Life Mutual Fund, says investors should not expect any big rally in the short term as the market will show a ‘reasonable growth’ in line with the GDP growth here on
BUSINESS
Will Trent’s super success with value retailing get dented by Reliance Retail and Shoppers Stop?
Trent’s success with value-fashion arm Zudio has not gone unnoticed. Not only have stock market participants, other retailers too have taken note, as they are now hungry to tap this segment.
BUSINESS
IRRA platform like a safety net, hope we never use it: SEBI's Madhabi Puri Buch
The Bombay Stock Exchange inaugurated IRRA platform on November 20, which is a platform that helps investors square off or exit their positions when their broker’s platform faces a technical glitch.
BUSINESS
Why HUL is not an analyst darling at the moment
The company remains watchful on crude prices, geopolitical instability, and the effect of the monsoon on crop output for the next quarter.
BUSINESS
Dabur India spent Rs 65 cr in legal costs as hair relaxer cancer case continues in US
The company will spend Rs 20 crore every quarter on legal expenses going ahead. Legal expenses are insured but not fully covered under insurance so the company will have to bear a part of the expense
