“The new product launches will add value to and sales would be better in the coming couple of months. So I would buy Maruti with the target of Rs 10,000 from current levels,” says Rahul Shah, V-P, Equity Advisory, . After a 7% move coming from the auto index and with the auto sales data … Read more
Mumbai: Analysts are slashing profit estimates of companies as the impact of the sharp run-up in raw material costs and demand slowdown in rural India are expected to reflect on earnings over the next couple of quarters. Downgrades in earnings estimates by analysts at leading brokerages have outnumbered upgrades in the past four weeks. Out … Read more
Recovery in the second half of 4QFY22 offset the impact of the Omicron Covid wave. While the business was impacted for 35-40 days in 4QFY22, a quick recovery was seen in the latter part of the quarter. Sales in January 2022 and in mid-February 2022 were affected by the onset of the Omicron Covid wave. … Read more
NEW DELHI: At a time when the market was rallying, auto sector sulked. And now, when the market is in total disarray, strength seems to have returned to auto counters, helped by healthy volumes and hopes of commodity benefits after the government moved to reduce steel prices. The Nifty auto index trades flat, with a … Read more
As the stock market tumbles under the weight of the US Fed’s hawkish monetary policy, fund managers and analysts are advising investors to deploy cash in a staggered manner. They are selectively bullish on bank and IT stocks in the large-cap space. Within debt, mutual fund schemes that bet on medium- to long-term bonds could … Read more
Indian equity markets registered losses in the last five trading days, logging their first weekly losses in a month as elevated crude oil prices and mounting concerns over global monetary policy tightening eroded risk appetite. The week gone by was a volatile one for stock markets as the Reserve Bank of India announced a 50-basis-point … Read more
Corporate earnings continued to remain healthy in 4QFY22 and instilled a ray of hope, amid the grim situation plagued by various disruptions. Earnings for 4QFY22 were in line with MOFSL expectations, despite the global and domestic economic environments grappling with challenges like geopolitical conflict, a surge in energy prices, raw material inflation, chip shortage, monetary … Read more
Rise and fall are a part and parcel of investments in the equity market. Every phase of the market has its unique characteristic and an appropriate approach is required, with the right mindset, to limit losses or maximise gains, as the case may be. More often than not, investors fall into illusions and trial with … Read more
(This story originally appeared in on Mar 05, 2022) Mumbai: Should long-term investors use the extreme volatility in the stock market to place their bets? Or, should they sit this period out. Investment advisers say that since market volatility and bearish sentiments don’t last forever, long-term players, who have surplus funds, should invest part of … Read more
The company contributed 27.8% to the sample’s revenue and 16.9% to profit. Synopsis Net sales of a sample of 240 companies analysed by ET rose 34.1% year-on-year in the June quarter while net profit rose 67.8%. However, the sample’s profitability, as measured by operating margins, took a 290 basis point knock in the quarter due … Read more