Information technology stocks tumbled up to 6% on Thursday, dragged lower by Wipro’s disappointing earnings and downbeat revenue outlook for the April-to-June quarter, triggering a broad selloff across the sector. Shares of Wipro plunged 5.7% after the company missed fourth-quarter revenue estimates and warned of a 1.5% to 3.5% decline in revenue for the current … Read more
Over the last few months, there has been a distinct shift in the focus of monetary policy towards growth as inflation pressures have subsided. From December 2024 onwards RBI has focused on infusing durable liquidity to make conditions conducive for transmission and credit off-take. Durable liquidity infusion implemented and announced is estimated at INR6.2tn via … Read more
In one of his insightful presentations, Mr. Nandan Nilekani highlighted that real estate is the largest asset class in India. Yet, ironically, this massive asset base remains largely outside the realm of monetization, trading, and capital market access. As I discussed in my previous article, “Unlocking Value: Why REITs and InvITs Deserve the Spotlight,” these … Read more
The NSE’s semi-annual index rejig is set to take effect on Thursday, March 27, and it’s expected to trigger major shifts in stock flows as it coincides with the monthly derivatives expiry. According to Nuvama Alternative & Quantitative Research, this rejig will impact passive fund flows, with notable changes seen in the Nifty Next 50 … Read more
India’s consumption sector, traditionally seen as a defensive haven during market volatility, is in the midst of a rare and sharp underperformance — with the Nifty FMCG and Nifty Consumption indices down about 20% and 17% from their September 2024 peaks, respectively. While the sector has lagged the broader market in recent months, Motilal Oswal … Read more
Reflecting an improved credit profile, Adani Group‘s cost of capital has fallen sharply by 104 basis points to 8.18% in FY25, the conglomerate, which operates India’s largest infrastructure portfolio, has told investors. In a recent investor meeting, Adani officials said this reduction in borrowing costs comes as a result of multiple credit rating upgrades, a … Read more
With the steel spreads bottoming out, domestic brokerage firm Axis Securities sees the risk-reward for SAIL to be favorable, as it upgraded the stock to a ‘buy’ rating from ‘hold’ previously, while giving a target price of Rs 130. “With the steel spreads bottoming out, we foresee the risk-reward turning lucrative for SAIL. SAIL is … Read more
In CY25, the market underwent a sharp correction, with the benchmark Sensex dropping by 6.3% and the BSE Smallcap Index took an even bigger hit, tumbling 22%. During this turbulent period, several small-cap stocks saw significant declines. We highlighted 10 smallcap stocks that have fallen over 50% in CY25 so far. Most of these stocks … Read more
Given the bearish momentum in the secondary markets, IPOs are seeing a slowdown with just 1 SME issue slated to open next week. Apart from this, the Street will also see 4 listings, again all of them on the SME platforms of the exchanges. Despite the lull in the primary market currently, analysts expect the … Read more
Several brokerage firms have recently shared positive outlooks on prominent companies, highlighting potential growth opportunities and strategic advancements for the next 12 months. Investec, Jefferies, and Nuvama have maintained ‘Buy’ ratings on UltraTech Cement, Apollo Hospitals, and Crompton Greaves Consumer Electricals Ltd, respectively, signaling strong upside potential for each stock. We have collated a list … Read more