BUSINESS
Nifty's overvaluation signals imminent market correction; HDFC Bank, LTTS stocks among 'key avoids': Emkay
'Only meaningful upgrades in forward estimates could support such elevated multiples, and we do not see that in the next 1-2 quarters,' said Emkay.
BUSINESS
Budget 2024: Gaming, alcohol and tobacco firms hope for favourable tax treatment
In the gaming space, Nazara Tech and Delta Corp will be big movers if there is any change in the taxation structure.
BUSINESS
Budget 2024: Durables bet on expansion in PLI, increased R&D spends to buoy demand
Any infrastructure development, rural thrust or social sector spendings will increase the penetration of consumer durables in the rural mark
BUSINESS
Short Call: Why investors have taken a sudden shine to IT; Just Dial, Eicher, Bajaj Auto, Cello, LTIMindtree in focus
The current rally in the information technology space is attributed to three key factors: positive Q1 earnings, rate cut bets and a ‘defensive’ play.
BUSINESS
Budget 2024: Increased welfare schemes, social spends to boost rural demand for FMCG cos
Analysts have pinned their hopes on the forthcoming budget to change the picture and act as a trigger to revive investor interest in the consumer staples and FMCG space.
BUSINESS
After Mukul Agarwal, HDFC Mutual Fund and ADIA are lapping up this garment exporter
The demand for garments and textiles is expected to rebound as inventory levels normalize and inflation eases, benefitting industry players such as Pearl Global.
BUSINESS
Brokerages unimpressed by Asian Paints' Q1 show, cut target prices amid competitive pressure; shares sink
Brokerages slashed their target prices on Asian Paints as sharp headwinds for the paints major are likely to continue going forward.
BUSINESS
Asian Paints open to further price hikes if inflation rises, says CEO Amit Syngle
Rising prices will give the firm headroom for increased brand investment especially with new entrants like Birla Opus in the industry, per Nuvama.
BUSINESS
Asian Paints Q1 Preview: Price cuts, election disruptions to impact profit
Asian Paints is anticipated to deliver a subdued performance in Q1FY25, with on-year volume growth affected by reduced labor availability.
BUSINESS
DMart Q1 Preview: Increasing footfalls, store count to drive 21% jump in profit
The DMart parent is expected to record a 17.5 percent on-year rise in revenue to Rs 13,938 crore, according to a Moneycontrol poll.
BUSINESS
Nasdaq's Nose Dive: Fed rate cut bets shake megacaps, small-caps soar
US CPI and Fed Chair Powell's latest commentary spurred bets that U.S. Federal Reserve would start cutting interest rates as early as September.
BUSINESS
Short Call: Waiting for the Budget, perils of rising agri-credit, base metals lose shine, Tata Elxsi, Lupin, Ambuja Cement
If most traders would learn to sit on their hands 50 percent of the time, they would make a lot more money.~ Bill Lipschutz
BUSINESS
Why Nalanda and SBI MF are on opposite sides of the trade in Thermax
Two marquee funds with significant holdings in the stock find themselves on opposing sides of the trade.
BUSINESS
Meri sapno ki rally: The rise and rise of PSUs decoded
The sharp rise in stock prices of PSUs has been supported rise in earnings, but there may be headroom for more growth going ahead.
BUSINESS
Foreign money chasing ADRs as FPIs cite delays in registration, says Jefferies
FPIs are looking to boost their India holdings through direct exposure, but registration-related delays are forcing them to take the ADR route, said a note.
BUSINESS
FPIs hunting for 'new ideas' in realty, infra, cap goods, says Jefferies, flows will return in H2FY25
Foreign investors are looking beyond the traditional large-cap spaces of banking, IT or consumption names, towards 'new ideas', said Jefferies.
BUSINESS
Consumer durables heat up on hot demand, rising capex, rural recovery
The ongoing government-led capex thrust, rural recovery, and focus on premiumisation are all likely to be contributors to the rally in the durables index.
BUSINESS
Senco Gold, Kalyan Jewellers shares glitter as Motilal initiates coverage, shifting trends favour organised players
Motilal Oswal sees shifts in consumer behavior, transitioning from local players to organised firms.
BUSINESS
Voltas, Blue Star, Havells shares sizzle in summer as demand for cooling heats up
In the March quarter, air conditioners were the best performing consumer durables category, with the industry growing in excess of thirty percent.
BUSINESS
Brokerages embrace Nykaa's beauty: Bullish on strong growth and moderating capex
Nykaa's fashion arm will see an EBITDA breakeven in FY26, according to the management, driven by higher margins, lower marketing spends and operating efficiencies.
BUSINESS
Hooked by Vedanta's $10 billion Ebitda plan, analysts upgrade price targets
Vedanta is executing over 50 high-impact growth projects, including in zinc, aluminum, oil and gas and power businesses.
BUSINESS
IRCON, IRFC, RailTel, other rail stocks surge as Ashwini Vaishnaw retains Railway Ministry, signaling policy stability
Leading up to the election results, several brokerages had anticipated sectors such as railways to reap substantial benefits from the NDA's potential return to power.
BUSINESS
CEAT's cautious capex approach, leadership poisitioning leave brokerages divided
CEAT aims to maintain its strong position in the higher margin 2W tyre segment, with a 33 percent market share.
BUSINESS
Nifty likely to hit 24,860 by year-end, overweight on financials, infra, oil & gas, says Nomura
The next set of cues for the domestic markets will be found in the full Union Budget, which will be presented in early July 2024, said Nomura.
