Despite gold prices hitting record highs, analysts aren't gung-ho about the outlook for gold financiers Muthoot Finance and Manappuram Finance. This, they said, was due to intense competition from banks, coupled with stagnating loan books and likely pressure on margins.
Indian industry will have to deal with high raw material prices, and user industries will see their costs rising though with a lag in some cases.
Notwithstanding the fact that the country's pharmaceutical (pharma) pricing regulator has allowed a 12 per cent price increase for medicines listed under the National List of Essential Medicines (NLEM) in 2023, analysts and industry insiders predict that the overall domestic pharma industry will only witness a price hike of 5-6 per cent. This is attributed to higher competitive intensity in the market. Krishnakumar V, executive director and chief operating officer (CEO) of Eris Lifesciences, a domestic-focused pharma company, noted that the NLEM segment experienced growth suppression of around 150 basis points due to price reductions during the January to July period this year.
State-owned banks have amassed bad loans faster than private sector lenders.
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.
Jhunjhunwala holds a stake in more than 30 listed firms.
Experts recommend buying gold as the fundamentals supporting a rally have not changed.
From the beginning of 2021 Wipro has moved on to a new organisational structure. Analyst tracking the company are now wondering if CEO Thierry Delaporte's attempt to bolster Wipro's presence in the BFSI (banking, financial services and insurance) space by acquiring Capco for $1.45 billion is a step taken too early. Though many agree that Capco as a target may be good, but Wipro, which has been the most aggressive player in acquiring firms compared to its Indian players, does not have much to show in terms of performance as it continues to lag peers.
Revenue from convenience fees has grown at a compound annual rate of 85 per cent for multiplex chain operator Inox Leisure and 58 per cent for PVR.
Dollar's strength and falling crude oil prices force downward revision of 2015 growth forecast.
Bluechips underperform in recent rally.
Barbeque Nation IPO: The promoters hold 60.24 per cent stake, CX Partners owns 33.79 per cent and Rakesh Jhunjhunwala's investment firm Alchemy Capital holds 2.05 per cent in the company.
Most large companies have curbed their hiring plans in 2018-19 because they continue to invest in digital technologies.
With sales of over Rs 12,240 crore in nine months of the current financial year, it is ahead of Rs 11,580 crore recorded by Lupin but behind Sun Pharma, which reported Rs 19,350 crore sales.
But much depends on govt action & global economy; Sensex gains in 2070 the biggest in five years
Consolidation is the prime mood of the Indian equity market at the moment.
The bullish outlook for gold is seen as a trigger for silver to perform better going ahead.
Can the poll outcome be a trigger for a meaningful correction?
India's plant-based meat market is estimated at $30-40 million, largely driven by consumer packaged food. The market size in India is likely to touch $500 million in three years.
It would be beneficial for the economy to hold on to high interest rates till inflation numbers are under control.
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Close to 50 companies have announced stock splits this year so far, something experts say is typical in a bull phase.
Investors can sell shares in the open market if the price is good, to take advantage of the tax arbitrage.
Though the developments are positive, analysts say the benefits will accrue only in the long run
The scrip of the company on Wednesday ended at Rs 695.80, up 2.7 per cent, on BSE, while the benchmark Sensex ended flat at 19,345.70. Just Dial shares had seen a record high of Rs 761.80 on July 9.
Companies asked to give data for three batches instead of one; move may lead to significant rise in development cost of generics
The company agrees to discussions for long-product division with Swiss group Klesch.
While the Budget might have been a sentiment booster for the sector, firms with market dominance emerge as favourites.
TCS kicked-off the Q1FY17 earnings season for information technology companies on Thursday.
The pilot of the naval aircraft that crashed during the India Aviation airshow in Hyderabad is dead, said the Hyderabad police chief on Wednesday.
Data also show that several other leading domestic pharma companies have recalled their products from the US
No one can fault India Inc for not taking care of shareholders; in fact, it has been extra generous.
Infosys' aspirations to improve revenue per employee might also prove to be a tall task, believe analysts.
Nissan' exit from the light commercial vehicle joint venture has helped speed up consolidation and growth for the company
The rally followed the govt's plan to bolster state-owned lenders.
Analysts sceptical whether company will sustain rise in operating profits.
TVS should be prepared for a rough ride as Bajaj Dominar, Mahindra Mojo, Royal Enfield Classic 350 and many others are stepping on the gas for a slice of this category.
The economic slowdown has made it difficult for companies to record financial closure of a few awarded projects.
Take your pick from Dipika, Deepak, Romil, Karanvir and S Sreesanth!
Companies from the capital goods space will under-perform.
Import alert on Ranbaxy's Mohali unit; Strides' injectible arm gets warning letter
