“We expect that while the intensity of downgrades will not be as high because this time the expectations are not as high, still there will be further downgrades,” says Abhay Agarwal, Founder & Fund Manager, Piper Serica.What is the expectations from these two mega events earnings and budget?Abhay Agarwal: On the earnings side, we are … Read more
While India’s long-term growth story remains promising, slower earnings recovery and external headwinds could prevent returns from reaching the double-digit growth seen in 2024, says Rahul Singh, CIO – Equities, Tata Mutual Fund.Edited excerpts from a chat on outlook for 2025 and where to invest in the new year:Sensex and Nifty are poised to end … Read more
“So, net-net, I think, okay, there is some back and forth going on, we had the surprise from the Fed chair, but overall, the tailwind is still there coming into 2025,” says Santosh Rao, Manhattan Venture Partners.Where is the Santa? Santa is supposed to come year end, Santa rally is missing.Santosh Rao: We still have … Read more
Shares of PSU company Hindustan Aeronautics (HAL) today surged 4% to an intraday high of Rs 4,246 on the BSE today after the company on Thursday reported a consolidated net profit of Rs 1,510 crore for the quarter that ended September 30, 2024, rising 22% over Rs 1,237 crore reported in the year-ago period. The … Read more
As a sluggish Q2 earnings season is leading to downgrades in many stocks, Abhishek Singh, Fund Manager, DSP Mutual Fund, says the market is not factoring in the medium-term outlook yet for most of the stocks. “Markets could be justified in this stance if we see sustained improvement in the coming quarters,” he says. Edited … Read more
“There are some global factors as well that what is the trajectory of China’s stimulus, so that has been one of the key factors, which in the last year, when some of the FIIs might have thought about China also as an investment class. But after that, again, China has corrected as well,” says Shreyash … Read more
“I think fixed income will be a tough competitor to equity is my guess. Again, no one knows, but my guess is fixed income also has a reasonable chance,” says Rajeev Thakkar, CIO, PPFAS. Expecting it to be a better year?Rajeev Thakkar: Hopefully, yes. Better year, I am not so sure because last year returns … Read more
IDFC First Bank reported a 73% drop in its September quarter standalone net profit at Rs 201 crore versus Rs 751 crore reported by it in the year ago period. However, the Net Interest Income (NII) grew 21% to Rs 4,788 crore in Q2FY25 versus Rs 3,950 crore in the year ago period. The earnings … Read more
Shriram Finance on Friday reported a profit after tax (PAT) growth of 18.3% at Rs 2,071.26 crores as against Rs 1,750.84 crores recorded in the same period of the previous year. The Net Interest Income (NII) for the second quarter ended September, 30 2024 increased by 16.37% and stood at Rs 5,606.74 crores as against … Read more
Non-bank lender Mahindra Finance on Tuesday reported a 36 per cent growth in its consolidated net for the September quarter at Rs 390 crore. The lender had reported a post-tax profit of Rs 287 crore in the year-ago period. On a standalone basis, in the September quarter, net jumped 57 per cent to Rs 369 … Read more