NEW DELHI: Amid easing chip supplies and pent-up festive season demand, auto has emerged as the best-performing sector on Dalal Street in the last 6 months. Now, ahead of the September quarter earnings season, analysts expect margins to improve for the second straight quarter due to operating leverage benefits and raw material tailwinds. “We forecast … Read more
New Delhi: The domestic equity market continued to remain in flavour on the back of favourable global cues, which lifted the indices higher. Sensex hit 57,500 mark during the week, with Nifty50 settling over the 17,150 level. Both benchmark indices rallied close to 3 per cent during the week and this was their best weekly … Read more
Chennai-based Dolly Khanna, whose portfolio is managed by her husband Rajiv Khanna, picked up stocks such as Chennai Petroleum Corporation, National Oxygen and Monte Carlo Fashions. Chennai Petroleum surged 145% in the June quarter amid rising crude oil prices. Source link
NEW DELHI: Rate sensitive stocks gained on Wednesday after the Reserve Bank of India (RBI) hiked repo rate – the rate at which it loans money to banks — by 50 basis points to 4.90 per cent in order to tackle elevated inflation. Most bank stocks, which are among the most sensitive stocks with respect … Read more
Mumbai: Analysts have advised investors against tendering their entire ownership in the open offer at as they believe Kubota‘s takeover will substantially improve Escorts’ medium-term growth outlook, potentially triggering a sharp re-rating in the stock. After completion of this transaction, Kubota Agricultural Machinery India and Escorts Kubota India will be merged with Escorts, and this … Read more
NEW DELHI: The broader sentiment continues to be directionless as retail investors and FIIs turned prudent over better asset class opportunities other than equities in India and globally. This cautiousness is not new to D-Street and markets have been more or less tepid since the beginning of November. Amongst sectors, BSE IT was the biggest … Read more