The first quarter earnings season is underway and as many as 88 companies will announce their quarterly numbers on Thursday. Key results to watch out for include ITC, Sun Pharma, Tata Motors, Adani Enterprises, Adani Ports, Zomato and Dabur. Apart from the above, companies like AB Capital, Clean Science Tech, Emami, Escorts Kubota, Indegene, Le … Read more
Aimed at the trinity of fiscal prudence, investment, and growth momentum, the Union Budget saw the introduction of employment incentives and a simplified income tax regime, which should boost consumption. Investors were, however, caught off guard due to the increase in LTCG and STCG tax rates, leading to a knee-jerk reaction on D-Street. “While the … Read more
Domestic markets experienced one of the best weeks in 2024 with Nifty and Sensex extending closing at record highs last week. In today’s trade, shares of HCL Tech, DMart, Jio Financial, HDFC Life, Kotak Bank among others will be in focus due to news developments and first quarter results. HDFC Life, Jio Financial, HDFC AMC, … Read more
“I do not think the market is bracing for any kind of negative surprise at this point of time. And we do think that given the earnings that we have seen so far and the fact that we have underperformed US markets, there is a scope for some sort of an outperformance once the event … Read more
Mumbai: Vikas Khemani-owned investment firm Carnelian Asset Management & Advisors is set to raise its latest ₹5,000 crore public market fund, with the backing of high-net-worth individuals, ultra-high-net-worth individuals and family offices of industrialists. Existing investors such as the promoter family offices of TVS Capital, Ajanta Pharma, Pidilite, Dalmia and Dabur are likely to invest … Read more
Abhay Agarwal, Founder & Fund Manager, Piper Serica, says “outsourced manufacturing as a concept is here to stay and it will reward large players. While there is nothing wrong with branded players like Voltas or Blue Star, we would like to back very efficient, large and getting larger manufacturers like Dixon and Amber purely for … Read more
LTIMindtree and Bharat Electronics (BEL) will replace UPL and Dabur India from S&P BSE Sensex 50 index with effect from December 18 as part of the reconstitution of the 30-stock index, a BSE release said on Monday. Shares of LTIMindtree jumped over 2% to the day’s high of Rs 5638 on the BSE while BEL … Read more
Shares of ITC fell 2.7% to the day’s low of Rs 438.25 on the NSE despite a better than estimated June quarter earnings reported. The Street remained unimpressed despite buy views from a couple of top brokerages viz. Jefferies and Nuvama and an add recommendation by Kotak Institutional Equities, as selling pressure in the FMCG … Read more
Religare Enterprises (REL) shares jumped nearly 10% to hit their 52-week high of Rs 241.30 on the NSE on Wednesday on a likely 7.6% stake purchase by the Burman family in the diversified financial services company via a block deal. The Burman family, which owns a controlling stake in FMCG major Dabur, already owns more … Read more
Brokerage firm Jefferies maintained a buy rating on Allcargo Logistics, Morgan Stanley remained overweight on Dabur India, JPMorgan has an overweight rating on RIL, Citi maintained its sell rating on Tech Mahindra and a buy rating on Titan Company.We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Jefferies … Read more