“On the consumption side, there are multiple triggers in place. Whether it is FMCG or autos, we are pinning a lot of hopes on the second half for volume revival. So far, volumes have been muted, but we have enough triggers—from GST to the 8th Pay Commission, which may come into effect next year, along … Read more
HDFC Life Insurance expects to continue to grow faster amid the expected slowdown in the life insurance industry in the first half (April-September) of this fiscal year. “I think our view still remains that the industry will be slightly slow for the first half (H1), but we do expect that we will continue to outperform … Read more
The stock had been in a consolidation phase for the past four years, with the 750–760 zone acting as a strong resistance on two prior occasions. This key hurdle has now been decisively breached, confirming a long-term breakout. Volume analysis supports the move, as strong buying interest is evident during upswings, while downswings are accompanied … Read more
“Overall, what we need to understand is that markets have rallied significantly from the recent lows of 22,000 to currently trade around 24,300 plus. So, clearly, that has been a 10% more or less rally and in a very short span of time. So, somewhere or the other stocks are definitely witnessing some profit booking … Read more
“We are only trying to navigate any short-term noise that may show up. So, wait for those because you will get dips along the way. Nothing is going to be one way and just use that as an opportunity,” says Rohit Srivastava, Founder, Strike Money Analytics & Indiacharts. For the last two sessions, Nifty has … Read more
“The government knows that there is a slowdown, but still the government capex, government spending has not picked up. Now what is leading to that, why this stagnation is there, and what is their thought process it will become clear in a week when the budget comes in,” says Sandip Sabharwal, asksandipsabharwal.com.What could be interesting … Read more
The Indian life insurance sector is on the cusp of significant growth, driven by a series of regulatory changes that are now providing more clarity and stability. Over the past few years, the industry has faced numerous challenges, such as new taxation rules on ULIPs and non-linked products, as well as revised surrender charges. While … Read more
Shares of Premier Energies have skyrocketed 181% since their stock market debut, rising from their initial public offering (IPO) price of Rs 450, the stock is fueled by the positive investor sentiment on the growth prospects of the company. The company’s shares had surged another 5% in the intraday session, reaching a new all-time high … Read more
Vedanta Limited, the metals to oil conglomerate, plans to use the proceeds of QIP for repaying or prepaying lenders, including Oaktree, for the company and its subsidiary The Zinc Ventures Limited (THLZV). The funds raised will help reduce overall indebtedness, cut debt servicing costs, and improve the debt-to-equity ratio. It will enable better utilisation of … 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