BUSINESS
Godrej Properties clocks record pre-sales in Q3, profit up 6%. Should you buy, sell or hold?
Jefferies has raised its target price on the counter from Rs 2,635 to Rs 2,700, maintaining its ‘buy’ call
BUSINESS
Private capex to finally see a push in interim Budget 2024?
While the government has been unstinting, particularly on public infrastructure, most observers say the private sector has been lagging, weighed down by unlisted companies
BUSINESS
ITC Q3: Revenue short of expectations as cigarettes drag; hotels, FMCG outperform
ITC reported standalone net profit of Rs 5,572 crore for the December quarter, registering a growth of 11 percent from the year-ago period
BUSINESS
Budget 2024: Stocks that could benefit from rural revival measures
Apart from a continued thrust on capex and infrastructure, analysts believe the interim budget may also include measures to boost welfare spending and the rural sector.
BUSINESS
Budget 2024: Could consumption stocks come back in favour post the interim budget?
The long-term outlook for the consumption theme appears promising, owing to increasing incomes, a young population, and an expanding middle class, noted analysts.
BUSINESS
Taking Stock: Nifty, Sensex fall amid heightened volatility on expiry day
All sectoral indices, barring Nifty realty, ended in the red. The financial services, pharma, bank, IT, FMCG and healthcare index settled over a percent lower
BUSINESS
ITC Q3 preview: Revenue, net profit may see single-digit growth; hotel, FMCG to shine
ITC Q3 Earnings Results: The company is expected to report a net profit of around Rs 5,183 crore in October-December, up 3 percent on-year
BUSINESS
HUL Q3 disappoints Street, brokerages slash target prices amid uncertain outlook
The FMCG major’s low volumes and uncertain recovery are the reasons that brokerages have reduced the target price
BUSINESS
Asian Paints Q3: Brokerages positive on rural recovery, competition a worry. Buy, sell or hold?
Despite a healthy demand growth, brokerages have a mixed the outlook on the company, with all eyes on margins and the entry of Birla Opus
BUSINESS
Jio, Reliance Retail to steal the show in RIL’s report card for Q3?
Retail and Jio will account for 95 percent of EBITDA growth over the next three years, according to analysts.
BUSINESS
Asian Paints Q3 preview: Festival demand may lift net profit up to 30%; robust volumes eyed
Asian Paints will likely deliver revenue growth of around eight percent, led by the low base as well as the upsurge in the real estate sector
BUSINESS
FMCG Q3 preview: Weak rural sentiment, increased regional competition impact demand
Other factors that will weigh on topline and bottomline performance of FMCG companies are inflation, the impact of seasonal abnormalities such as flash floods, and the delayed onset of winter. In a silver lining, urban markets have remained resilient.
BUSINESS
Analyst Call Tracker | Asian Paints outlook dull as Grasim entry raises competition concerns
Asian Paints had 11 'buy' calls, an equal number of 'hold' calls and 15 'sells' at the end of December
BUSINESS
From return of FIIs to sustainable growth: 7 themes to ride on in 2024
From the various narratives surrounding the election-driven markets to strategies around infra and digital transformation, here are experts’ seven key themes to watch out for in 2024
BUSINESS
Gold Price Outlook 2024: Rate cuts, central bank buying, geopolitics, polls to fuel bigger rally than 2023
Gold Price Outlook: In 2023, gold prices surged 13 percent, giving investors remarkable returns. Now in 2024 as well, analysts expect the yellow metal to continue its stellar run.
BUSINESS
Astral’s Rs 885 cr block-deal could spark short-term volatility; long-term outlook stable
Around 1.76 percent Astral shares changed hands in a block deal for a total consideration of Rs 884.6 crore.
BUSINESS
Varun Beverages’ South African acquisition sparks enthusiasm from brokerages; CLSA upgrades to ‘buy’
Jefferies said that it expects VBL’s focus in South Africa to be on the Pepsico brands, which should also be margin accretive for the company.
BUSINESS
Mounting debt, falling volumes: Why BAT may want to offload stake in ITC Hotels once listed
At $2-3 billion fair value, hotel business stake sale could yield $350-500 million, says Jefferies.
BUSINESS
BAT stake sale unlikely to have any long-term impact on ITC, say analysts
The stake sale might be a bid by British American Tobacco to reduce its debt levels, while also meeting India’s stringent rules for foreign ownership in tobacco companies.
BUSINESS
Younger population, digital products, urbanisation to drive India's gold demand: World Gold Council
While financial inclusion has yielded positive results for the country’s prosperity, the WGC said it has created challenges for the gold market.
BUSINESS
VI, Yes Bank, IOCL top wealth destroyers, wipe off Rs 2.55 lakh crore in 5 years: Motilal Oswal report
The total wealth destroyed during the period of study is Rs 17 trillion or 25 percent of the wealth created by the top 100 companies.
BUSINESS
ITC’s future-ready plans: Diversification, innovation and cost-optimisation keep brokerages bullish
Slicing national shares, ITC enjoys strong position in several segments either geographically or in specific sub-categories
BUSINESS
REC enters €200 million loan agreement with German bank; shares slip
The company in a statement said this marks REC's sixth line of credit under the Indo-German development cooperation.
BUSINESS
Analyst Call Tracker: Capex cycle, order book drive upside for L&T
The stock has been doing well. The 72 percent growth in its order book and proven track record in execution of projects make it an attractive buy.
