Notwithstanding lower growth rates recorded in the first quarter (Q1) of 2023-24 (FY24), which spanned from April to June, footwear stocks have seen some gains in the past two trading sessions. Bata India saw an increase of approximately 5 per cent, driven by positive expectations surrounding a potential tie-up in the sports/athleisure segment. This development is viewed favourably due to the segment's higher growth rates.
'Banks will continue to increase FD rates to attract more deposits and meet the increasing demand for credit.'
Six wondrous wardrobe moments that set the mood board this week.
Automotive (auto) and auto ancillary stocks have been in the fast lane thus far in 2023-24 (FY24), with the National Stock Exchange Nifty Auto Index surging nearly 27 per cent, outperforming the Nifty50, which has gained roughly 11 per cent during this period. The top-gear performance of auto stocks at the bourses, according to A K Prabhakar, head of research at IDBI Capital, has been triggered by the premiumisation of products across vehicle manufacturers, which has seen vehicle sales remaining relatively stable. "It is not about higher sales figures now, but about premiumisation.
After a sharp outperformance in the mid-and small-cap segments in the first half of calendar year 2023 (H1-CY23), analysts are now turning cautious on these two market segments and suggest investors stay selective and look for valuation comfort and earnings visibility before investing. The S&P BSE Midcap index has surged 13.7 per cent in H1-CY23, and the S&P BSE Small-cap index gained 12.7 per cent during this period, data shows. The S&P BSE Sensex, in comparison, has moved up 6.4 per cent.
'...that he was in talks with the SS-UBT and would return if his ministry was snatched away and given to one of the NCP ministers.'
A likely turnaround in profitability margins in the March quarter (Q4FY23) will not be enough to lift the outlook for paint stocks due to volatile crude oil prices and rising competition in the sector, analysts say. Hence, they advise investors to avoid the sector over the short-to-medium term despite the heavy correction in the stocks since last year. Shares of Asian Paints, Berger Paints, Indigo Paints, Nerolac and Pidilite have shed 6-32 per cent over the last 6 months versus a 3 per cent rise in the benchmark Sensex.
The sharp rally in the markets thus far in fiscal 2023-24 (FY24) has left analysts struggling to find investment-worthy themes. The S&P BSE Sensex has surged nearly 7 per cent thus far in FY24 and hit a fresh 52-week high of 63,601.71 levels on June 22, mostly led by foreign institutional (FII) flows. "The Indian market has seen a broad rally in the past few months but headline indices have seen more modest performance. "We are not very clear about the reasons for the rally and the divergent performance and struggle to find ideas in the consumption, investment and outsourcing sectors after the sharp run-up in several of our favored sectors and stocks in the past two months," wrote Sanjeev Prasad, co-head, Kotak Institutional Equities, in a recent co-authored note with Anindya Bhowmik and Sunita Baldawa.
Several BJP leaders in the past have raised a demand for changing the name of the country from "India" to "Bharat".
Scenes from the Rocky Aur Rani media interaction in Mumbai...
Key lending rate (repo) raised by 50 basis points to 4.9 per cent; 2nd increase in 5 weeks
'I'm pitching India for the strengths we offer, including the English language, engineers, doctors, nurses, professionals, innovative talent of startups.'
We dare you to take your eyes off these dreamy pieces.
While rising interest rates and tighter liquidity are giving negative signals for the financial sector, increasing economic activity could mean higher business volumes for lenders. Liquidity in the banking system has moved from Rs 8 trillion surplus into a deficit of Rs 33,000 crore over the 2022 calendar year. By the end of November, bank credit had grown 17.5 per cent YoY (year-on-year).
Japan's Mitsubishi Motors on Thursday said it would offer a discount of Rs 10,000 on all models of its sedan Lancer in a bid to arrest slump in sales during the monsoon.
Delhi, daddy issues, drivers, domestic help, politics, patriarchy, sexuality, sexism, choices, compromises, community, religion, real estate, motherhood, marriage -- Gulmohar offers a loaded, layered understanding of familial relationships and its indirect impact on the people at the periphery, notes Sukanya Verma.
Sukanya Verma shares her exciting filmi week with us!
Floods triggered by the torrential rain since June 14 have wreaked havoc, inundating a vast swathe of flat land in the south and southwest of the country.
'... I didn't have an Instagram account!' 'I was told that the actor who's being considered in my place has a lot of followers, and that will help the producers.'
A new law that defines how companies should process users' data came into force with the President giving assent to the Digital Personal Data Protection (DPDP) Act passed by Parliament in the just-concluded monsoon session. The law arms individuals with greater control over their data while allowing companies to transfer users' data abroad for processing, except to nations and territories restricted by the Centre through notification. It also gives the government power to seek information from firms and issue directions to block content.
Jezreel Pannikot takes us on a trip to the quaint town of Koothattukulam in Ernakulam, Kerala.
'Very few of small investors stay invested for those three or four or five years.' 'If there's like a six month, one-year period when market is not doing well, you exit.' 'After the market has run up, you get in again.' 'This way you will never make returns.'
Analysts mostly prefer domestic plays beside select films with foreign exposure.
Monsoon session of Parliament to begin from Monday, July 18, 2022.
Though the lies hardly go beyond extramarital affairs and conception problems, they are laid out by arresting storytellers who raise the stakes while speaking in tongues not wiped clean to make progressive points (No Made in Heaven-type diddling, here), notes Sreehari Nair.
Parliament on Wednesday saw a washout as the Opposition aggressively pressed for ouster of Sushma Swaraj, Vasundhara Raje and Shivraj Singh Chouhan, rejecting the government's offer for a debate.
Appealing with "folded hands" for an end to the three-month-long cycle of violence in Manipur, Home Minister Amit Shah on Wednesday urged the warring Kuki and Meitei communities to hold talks, even as the Lok Sabha adopted a resolution calling for the restoration of peace in the northeastern state.
Diwali is a season in India for sweet-making. A treasure of traditional Diwali recipes from all corners of our India.
After lagging behind other segments in the automotive (auto) space over the past few years, two-wheelers are expected to reverse their volume underperformance. After witnessing a 36.3 per cent volume decline over the 2018-19 (FY19) through 2021-22 (FY22) periods, the sector staged a recovery in 2022-23 (FY23), with volumes rising 17 per cent. While volumes are still a quarter lower than the FY19 peak of 21 million units, a double-digit growth trajectory is expected to prolong.
Mumbai bids adieu to its iconic red double-decker buses.
The festival season has already begun in the west and south of India with Ganesh Chaturthi and Onam, respectively, and consumer companies are witnessing a pick-up in sales compared to pre-Covid levels. Retailers, fast-moving consumer goods (FMCG) and consumer durables companies expect their sales to grow in double digits this festival season compared to pre-pandemic times, as there are no curbs on movement now. Adani Wilmar expects sales volume to be higher by 15-20 per cent as rural India has largely witnessed good monsoon rains, and employment has picked up in urban areas.
Uttam Ghosh offers his take on the strange decision to not allow Question Hour in Parliament at a time when the government has forced lakhs of students to answer questions in the JEE and NEET exams, citing no danger from the coronavirus.
Following India's ODI series loss to Australia at home, head coach Rahul Dravid has his task cut out with the ODI World Cup set to be held at home later this year.
This is not a train for the regular commuter, evident from the number of large sized bags in the overhead bin, observes IAF Veteran Air Commodore Nitin Sathe.
Acclaimed movies, hit movies, social movies, star-studded movies, scary movies and shows galore, you certainly won't be starved for entertainment on OTT this week.
At the meeting attended by 33 parties, the prime minister said suggestions from public representatives, especially from the Opposition, are valuable as they make the discussion rich.
'The domestic scenario is much better than earlier, demonstrated in the March quarter earnings.'
If you are planning a vacation, choose from these most clicked on destinations.
Amid a raging controversy over allotment of a 'namaaz' (Islamic prayer) room in the Jharkhand Assembly, speaker Rabindra Nath Mahto on Thursday formed an all-party, 7-member panel, on the last day of the Monsoon session to look into the issue and come out with a report within 45 days.
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