Shares of Reliance Power gained as much as 15% to their day’s high of Rs 50.75 on the NSE on Friday, October 10, amid renewed buying interest and strong volumes. Data showed that around 7 crore equity shares of the company changed hands, compared to its one-week and one-month average trading volumes of 2 crore … Read more
“I think this sale also is likely to be that of Reliance which was left off last week. Now they do not get 2200 crores, they get overall I think around 10,000 odd crores and they have huge debt so they can just use it to repay the debt. And in terms of news flow, … Read more
“Just to give you some more data over here, for the Nifty 50 Index for example we are looking at about 12% growth as far as earnings is concerned for FY2026, but almost 60% of the incremental profits for FY2026 is coming from either the commodity sectors or sectors which are very specific facts, for … Read more
“Pace of recovery will depend on the pace at which profitability sustains and stabilises and volumes improve. But on risk-reward now after a period of three-four years we are now coming to a stage where as a contrarian investor one could start evaluating investing in this stock,” says Sandip Sabharwal, asksandipsabharwal.com. Let me just talk … Read more
“Kotak as all of us know used to trade at price to book of six times five years back which was quite obnoxious. It has come down to two times which is reasonable, like in line,” says Sandip Sabharwal, asksandipsabharwal.com. As we walk into trade this morning, there is a lot of news flow. Let … Read more
Reliance has reported a strong fourth quarter beat in profitability as the bottom line rose 2% year-on-year (YoY) to Rs 19,407 crore. The Street was expecting the profit to be around Rs 18,471 crore. Revenue from operations too surged 10% YoY to Rs 2.64 lakh crore. The growth was driven by telecom and retail businesses, … Read more
“I would think that the downsides could be limited for many of these companies given the fact that they are zero debt, most of them, and cash flow generating companies with a decent dividend yield, but the upside also is limited given the lack of visibility,” says Sandip Sabharwal, asksandipsabharwal.com.What is your take on the … Read more
New Delhi: Addverb, an industrial robotics and warehouse automation player, has announced its entry into the humanoid robotics field, with the launch scheduled for 2025. This landmark move represents a new chapter in Addverb’s evolution, which began with developing fixed automation systems and mobile robots. Previously, Addverb introduced “Trakr,” an AI-powered robot with autonomous navigation, … Read more
Citing Swiggy’s solid brand presence and user base, brokerage HDFC Securities has initiated coverage on the Dalal Street debutant with an Add rating and a stock target price of Rs 430. The brokerage highlights the company’s strong growth prospects in quick commerce but notes operational hurdles could impact its long-term profitability trajectory. The target price … Read more
“I mean individual positions yes, but otherwise I still think it is well contained and every quarter, every four-five months we see a situation where markets do correct or there is a correction of 5% to 10% which is relatively short lived and it bounces back,” says Nilesh Shah, Envision Capital. Josh and hosh right? … Read more