Analysts say that the focus now shifts to global events
Liquidity has improved, but 20 out of 24 NBFC stocks are staring at an over 5% reduction in 12-month target prices.
On February 24, when Vladimir Putin announced a military operation on Ukraine, few would have thought that Indian government-owned GAIL India would feel the impact. The tensions over gas supplies were essentially a Europe-Russia problem, related to the sanctions western economies imposed on Moscow. But the EU depends on Russian imports for 40 per cent of its gas stocks, an over-dependence that Russia has underlined with Kremlin-owned Gazprom cutting its supplies through the Nord Stream 1 pipeline to 20 per cent, citing maintenance issues.
The headline for corporate profit growth has been very encouraging in the July-September quarter (Q2) of 2023-24 (FY24), with the combined net profit of listed companies up by 38 per cent year-on-year. However, the earnings distribution has been very lopsided, with most of the growth coming from public-sector oil-marketing companies (OMCs), banks, non-bank lenders, automobile (auto) companies, and cement producers. By comparison, companies from information technology services, fast-moving consumer goods (FMCG), retail, and consumer durables were disappointed, experiencing a sharp slowdown in net sales growth and a relatively muted increase in reported net profit.
The bourse's valuations may get a boost, as it gets set for its OFS of about Rs 10,000 crore.
If found with invalid one, the landlord will be in trouble and the tenant could face eviction
Brent crude prices fell to $57 a barrel on Monday from $62 a barrel.
A bonus is given to existing stockholders in proportion to the number of shares they already hold.
The trade-war between the US and China is prompting investors to flee from risky assets, such as equities, to safe-haven bets, such as gold and treasuries
Mixed global cues and decline in crude oil prices further dent the sentiments.
The management, however, is a bit wary about near-term performance.
Operating margins decline to 10.3% in March quarter on one-time payouts but may recover to 12% in FY2015.
Participants will keenly watch fate of GST Bill in Parliament.
A fall presents an opportunity to buy rate-sensitive stocks.
Ricoh India, the largest gainer among these pack, has rallied 192 per cent from Rs 294 to Rs 859 on the BSE so far in the current calendar year.
Ashok Leyland, ITD Cementation India have more than doubled.
Analysts suggest making separate firms of tobacco, hotels and FMCG divisions
The coming years could be exciting for Bandhan Bank, IDBI Bank, IDFC First Bank, Federal Bank, and CSB Bank.
Though India has been one of the best-performing markets in the last two months, it has lagged some of its emerging market peers such as the Philippines, Thailand and South Africa.
Beat gains made by mid-cap, broader indices.
Analysts are of the opinion that given the change in the business model, which is resulting in smaller deals spreading across the whole year, clients may be already renegotiating prices.
Initial share sales are set to dazzle the Dalal Street in 2022 too as companies are expected to garner up to Rs 1.5 lakh crore in the New Year, continuing with the bullish momentum after 2021 turned out to be the best IPO year in two decades for the Indian market. Excessive liquidity and increased retail investor participation ensured a persistent euphoria in the Initial Public Offer (IPO) space wherein companies mopped up more than Rs 1.2 lakh crore this year even as pandemic gloom shadowed the broader economy. In 2022, the higher amount of funds through the primary market will be largely driven by the mega IPO of state-owned Life Insurance Corp (LIC).
The S&P BSE Sensex has dipped five per cent, thus far, in CY15.
Markets taking cue on future rate cuts from RBI policy.
Historically, overall credit has grown at 1.6 times GDP growth
The consolidated entity can target good growth FY18 onwards, analysts say.
M&M also plans to significantly increase its play in the domestic market where it is already ahead of its rivals Tafe, Escorts, Sonalika Tractors by a wide margin
Infosys, however, feels the high level of cash is an important tool to weather tough times.
Index heavyweights Reliance Industries and ITC were the top losers along with ICICI Bank and SBI
FII stance, progress of monsoon, crude oil and rupee movement are likely to dictate the trend.
Spending has begun rising in infrastructure, construction and Indian firms have started to benefit.
Nifty is likely to remain under selling pressure unless and until it breach the 7,700-7,720 levels on closing basis.
If you are bullish on the consumption theme, consider specialised mutual funds that focus on this theme. Remember that such sectoral mutual funds should not make up more than 5% to 10% of your equity portfolio.
The outcome is beyond the market's expectation and will be a sentimental boost, say analysts.
TCS kicked-off the Q1FY17 earnings season for information technology companies on Thursday.
Dilip Bhat, joint managing director of the Prabhudas Lilladher group, a financial products agency, talks to Business Standard about the market rally ahead of the elections.
From the stock perspective, though, even as all the 10 analysts polled by Bloomberg have a 'buy' recommendation on FRL, their target price of Rs 535 suggest most of the positives are already priced in.
Slowdown and liquidity squeeze by RBI have put India's top 10 indebted firms in a tight spot. But they have a few options.
'Kerala isn't as dependent on agriculture like Bihar or Odisha or even other southern states.' 'Economic losses would not be too intense, unlike other states.' 'The floods could, at best, impact India Inc's earnings for a quarter or two.'
Rate-sensitive sectors like banks, auto and realty witnessed strong buying demand in trades today
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