Entry barriers for banking licence in India are high… very high
It is also not clear what it takes to get a bank licence in India. In the recent list of rejections, not much is said about why the applications are rejected
Bajar Gupshup | Markets end in Red on Profit Booking; Sharp Selling seen in Metal Stocks
Indian benchmark indices came off earlier highs and ended on a negative note after traders booked profits during the last hour of trade. JSW Steel, Tata Steel, NMDC were among top losers on announcement of increased export duty by the government. #bajargupshup #marketswithmc
Bond prices and rupee fall as fuel tax cut sparks fiscal slippage worries
According to Barclays, tax cuts on motor fuels, cooking gas subsidies and duty cuts on imports could ease prices but widen fiscal deficit to 6.9% of GDP, significantly overshooting budgetary estimates of 6.4%.
Cotton price surge set to unravel fortunes of textile industry
South Indian spinning mills are being shut down, citing the unprecedented rise in cotton prices. The Indian textile industry is at risk of becoming uncompetitive
Why investors should still avoid Manappuram Finance after its sharp correction
While the stock of Manappuram Finance prima facie offers value, we will wait for definitive signs of improvement, as we are more concerned about the company’s ability to stay ahead of competition
Drill deep to fix the coal conundrum
Move to auction shut mines is at best a stop-gap solution when long-term finance is a problem for coal projects
Will Cotton Exports Be Banned If Prices Continue To Rise?
The cotton & textile industry is set to form a committee, and submit specific suggestions to the Textile Ministry to tackle price inflation and the demand for export ban. Tune in as Karunya Rao and Manisha Gupta discuss the next steps
Why the best is yet to come for luggage companies
Both these entities have strong balance sheets and we expect healthy earnings CAGR for VIP and Safari in the coming two years
Ideas For Profit | Bharat Forge stock at reasonable valuations; Time to buy?
Despite challenges, Bharat Forge’s performance improved in Q4FY22 driven by higher realisation. The domestic business outlook is very promising and demand momentum is expected to continue in export markets. Is this the right time to buy the stock? Find out here.
Bajar Gupshup | Market snaps six-day fall, ends on positive note; Auto, bank, power & realty shine
Benchmark indices snapped a six-day fall and ended on a positive note with Nifty closing above 15,800 and Sensex gaining 180 points, closing at 52,974. Among sectors, capital goods, auto, realty, power, and PSU bank rose 1-3 percent. However, some selling was seen in the IT and FMCG names. BSE midcap and smallcap indices also rose over 1 percent each.
Ideas For Profit | Distressed valuation despite strong earnings: Factors that can trigger SBI stock uptick
At the current market price, SBI is trading at 0.7 times the core book value estimated for FY24 and is attractively priced. MC Pro believes the stock is poised for a re-rating. Here’s why
Larsen & Toubro CEO SN Subrahmanyan on plans to become a Rs 2.73 lakh crore company by FY26
Engineering major Larsen & Toubro announced its financial result for financial year 2022 on May 12. The management said it was a challenging year due to COVID-related disruptions, geopolitical tension, and deferment of orders in the home market. The company has given a guidance of 12-15 percent growth in order inflow and revenue for 2022-23. It also announced that it has finalised its five-year strategic plan, Lakshya’26, which will increase its revenue to Rs 2.73 lakh crore by FY26 from 1.36 lakh crore in FY21. L&T’s CEO and managing director SN Subrahmanyan spoke to Moneycontrol’s Rachita Prasad.
Bajar Gupshup | Markets pare intraday gains to end lower; power, metals top drags
Benchmark indices erased all the intraday gains and ended lower for the sixth consecutive session on May 13. On the sectoral front bank, metal and power indices ended 1-2 percent lower, while auto, FMCG, and pharma indices rose 1-2 percent. BSE midcap index rose 0.8 percent and smallcap indices added 1.3 percent.
Simply Save | Why health insurance premiums are on the rise and what you can do about it
You can look at health policies with co-pay or sub-limits to keep a tight lid on premiums, but do note that such restrictions will also lead to inadequate coverage.
Will today's market rebound sustain; which sectors & stocks are a good 'buy' post correction?
In the latest edition of Markets Weekly, we take stock of the market mood with Sunil Subramaniam of Sundaram Mutual. Watch the video as he shares his insight on investing amid volatility, navigating periods of sell-off and big trends to watch out for, in conversation with Karunya Rao
Ideas For Profit | Ramkrishna Forgings: What makes the stock a long-term buy?
At the current market price, Ramkrishna Forgings is trading at 9.4 times FY24 projected earnings, which is reasonable. And we advise investors to buy this stock for the long term. Here’s why
Bajar Gupshup | Markets tank for fifth consecutive session amid broad-based selling; Banks & metals top drags
Markets tanked for the fifth consecutive trade session today with Nifty falling below 17800 points during intraday trade. Investors sold aggressively amid rising concerns related to inflation and rising interest rates.
Backward integration gives UPL an edge in inflationary times
The company has reduced the share of raw materials imports from China
Decoding PLI: Putting a shine to value-added steel production
Ind-Ra argues that the PLI scheme for speciality steel will help the domestic industry update technology, be cost competitive, and move up the value chain. However, certain challenges need to be overcome to make the scheme more inclusive
Tata Power’s strategic coal hedge comes under threat
The company's Mundra and coal business reported loss on an integrated basis in March 2022 quarter
Ideas For Profit | Devyani International: Why Long-Term Investors Should Add This Stock To Their Portfolio
One of the fastest growing QSRs in India, Devyani International is reaping the benefits of restructuring of business model, leading to the company posting a profit in FY22 after a long gap. Should you invest? Watch the video to find out
First Take | Mindtree-LTI merger: a logical step forward for L&T’s IT champs
The combined entity can target $100 million projects, currently largely restricted to frontline IT services companies
Bajar Gupshup | Markets resume corrective trend to lose nearly 1.5%; Realty worst hit
Benchmark indices fell 1.5 percent on May 6 with the Nifty closing below 16,500 on worries over interest rate hikes. Among sectors, metal and realty indices fell 3 percent each, and the IT index was down 2 percent, however, the power index rose 0.5 percent.
Eris Life's growth hunger can slow earnings
The Rs 650 crore Oaknet Healthcare acquisition gives Eris a foothold in the dermatology therapy drugs segment
