Equity mutual funds, which are investment vehicles that combine funds from numerous investors for investing in stocks, demonstrated strong performance in July. During this time frame, these funds generated returns of around 11%, showcasing their potential for attractive financial gains. As of July, the market offered a varied selection of 615 equity and equity-oriented mutual … Read more
Santanu Sengupta, Chief India Economist, Goldman Sachs, says India’s public debt to GDP at 80% plus is one of the highest among EMs. So though India has had high growth, over a period of time. that debt to GDP number needs to consolidate below 80% and probably get closer to 75%. That is why the … Read more
On Tuesday, the market capitalisation (m-cap) of BSE-listed companies saw a dramatic decline of Rs 31 lakh crore. This drop was the result of dramatic results in the General Elections, with the BJP led by Prime Minister Narendra Modi falling short of a simple majority. As a result, the combined m-cap of BSE-listed firms decreased … Read more
Umesh Chowdhary, VC & MD, Titagarh Rail Systems, says “following the Rs 700-crore QIP, as far as the current plans are concerned, whether it is the Vande Bharat, whether it is the ongoing projects that we have, we believe that for both the capex and the working capital, apart from the debt that will need … Read more
MUMBAI – Static process equipment manufacturing company Anup Engineering has been one of the star performers in 2023, giving a staggering 195% returns to investors. The company manufactures items like heat exchangers, reactors, pressure vessels, columns, and towers, and offers customised fabrications. Nuvama Professional Clients Group is bullish on the company and believes that it’s … Read more
For investors interested in the healthcare space, there are larger and more promising players available for investing at similar valuations. Synopsis Established in 2010, YHTCS is among the top 10 largest private hospitals in Delhi-NCR having a capacity of 1,405 beds with a total occupancy rate of 45.3% at the end of FY23. Its average … Read more
New Delhi: The Road Transport and Highways Ministry aims to spend over 90% of its ₹2.59 lakh crore capital expenditure (capex) earmarked in Budget 2023-24 by December 2023, officials aware of the matter told ET. This expenditure will be for developing roads across the country with an aim to complete 310 National Highways (NH) projects … Read more
Mumbai: As many as 23 states are set to miss the budgeted capital spending by around Rs 1 lakh crore this fiscal, according to a report. In the first three quarters, the states’ capex grew just 11.6 per cent, which is trailing by 30 per cent of the budgeted targets. This is despite an improvement … Read more
“FIIs have been selling in India and moving money to cheaper markets like China, Hong Kong and South Korea,” says Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services. In an interview with ETMarkets, Vijayakumar said: “Two main beneficiaries of government capex will be capital goods and cement,” Edited excerpts: While the Indian … Read more
“Infrastructure, not from investment point of view, but I think India’s infrastructure is definitely improving. You cannot but be optimist about it,” says Ravi Dharamshi, ValueQuest Investment Advisors.What is the best way to play the Budget theme if at all or would you say leave the Budget aside, look at what your long-term portfolio is … Read more