With sales of cooling products turning out dismal this summer due to unseasonal rains, the stocks of related companies are now off their March highs. Shares of fan and air conditioner makers such as Voltas, Symphony, Orient Electric, Johnson Controls-Hitachi Air Conditioning and Crompton Greaves are down 5-23 per cent since March when the summer season saw a firm onset. In comparison, the BSE Sensex index is up 10 per cent.
Investors are increasingly turning optimistic about shares of new-age companies. From broad-based 'sell' calls, analysts are giving thumbs up to Zomato, Paytm, and FSN e-Commerce Ventures-owned Nykaa as these companies have shifted focus to sustainable profits. The shares of Zomato hit a fresh 52-week high of Rs 126 apiece on the BSE on November 7, having rallied 15.4 per cent in one week.
Granada and Bilbao complete match suspended after supporter's death
Logistic players have seen a sharp correction at the bourses over the past six months as intense competition from new-age-tech startups, higher freight rates, and weak macros dented listed players' growth outlook. Analysts warn that the emergence of tech-based startups could weigh on organised players' profit-pool, and can potentially erode their market share. Thus, a stock-specific strategy would be prudent at this juncture with focus on companies that are rapidly innovating and investing in technology.
Manish Tewari, Prithviraj Chavan, Anand Sharma and Bhupinder Hooda are the members of the pro-reform G23 group who wrote a letter to party's interim president Sonia Gandhi.
As temperatures soar across the country, amid searing heat wave, analysts see power demand hitting fresh record highs this year. The time, therefore, may be opportune to add related stocks on dips as higher demand boosts earnings visibility, they said. On April 18, India's electricity demand touched a new high of 216 gigawatts.
The Indian aviation sector is on the cusp of a change as airlines look to induct a record number of aircraft. This, analysts said, will put the sector on a growth runway, though keeping it viable for only long-term investors. According to Vinit Bolinjkar, head of research at Ventura Securities, expectations of strong air traffic, coupled with low penetration, is the prime reason for a solid long-term outlook.
The Congress party needs a safe pair of hands in the form of Kharge, Tewari said.
FC Goa overcame a strong fightback from Odisha FC after being three goals up to prevail 4-2 and reclaim the top spot in the Indian Super League, at the Kalinga Stadium in Bhubaneswar, on Wednesday.
he car of RJD president Lalu Yadav's son-in-law Vinit Yadav was snatched by some unidentified persons at gunpoint near Sikandarpur metro station.
'The idea is to invest where there is opportunity.'
Alan Baptist reveals how he went from 95 kg to 65 kg.
Odisha were rocked inside the first four minutes. Hartley turned in a delightful Stewart corner into the right bottom corner, out jumping Vinit Rai after winning the flag-kick himself.
Indian national team footballers, on Friday, expressed solidarity with the victims of the unprecedented flood in Kerala.
39-year-old Vinit Sancheti's life was snuffed out on January 25 by an errant driver. This is an appeal to find his killer.
Gangubai Kathiawadi dominated the 68th Filmfare awards, held on April 27 in Mumbai, as it picked up 10 awards including Best Film, Best Director for Sanjay Leela Bhansali and Best Actress for Alia Bhatt.
Taking a serious view of violence after the assembly poll results in West Bengal, the Calcutta high court on Friday ordered the state home secretary to file a report mentioning the places where the post-poll violence occurred and the steps taken to contain the violence.
A video showing anti-Muslim slogans being raised during a protest at Jantar Mantar here was widely circulated on social media, following which the Delhi Police registered a case in connection with the matter on Monday.
Telecom service operator Airtel on Thursday urged the government not to charge high fees for allotting 5G spectrum, saying a faster roll out of the next-generation telecommunication network can have more benefits than collecting revenue in upfront cost. Sunil Bharti Mittal, chairman of Bharti Enterprises which runs the country's second largest telco, said that there are a variety of applications across sectors ranging from healthcare to video interactions, which will make 5G a technology to be introduced as soon as possible. "5G is important and that's why we keep on requesting the government to make the 5G as an enabler for hundreds of things that we develop in the country, to keep the spectrum at affordable pricing, to not load the industry too much," Mittal said at the Times Network India Economic Conclave.
'After Covid, people started looking for bigger houses with pools and landscaped gardens.' 'Even middle class buyers are looking at plots of land in smaller towns.'
The Bijnor police has junked a noted journalist's allegation of land grabbing in Nagina town near here against Shri Ram Janmbhoomi Kshetra trust general secretary and Champat Rai.
Siddhant Digvijay Jaitha, 38, from Kolkata tells us how he went from 106 to 79 kg in six months.
Rediff readers share their best Ganesha photos.
The Supreme Court on Friday sought responses from the Centre and Twitter India on a plea seeking a mechanism for regulating content and advertisements spreading hatred through fake news and instigative messages via bogus accounts.
Political parties use fake social media accounts for self-promotion and image building and to tarnish the image of opponents and contesting candidates, especially during the elections, the plea said.
Readers shared these monsoon pics. You can share yours too!
Bulls might be on the rampage on Dalal Street but lofty valuations of the Indian equities present a reason for concern and the markets could perhaps witness up to 10 per cent correction, according to analysts. Benchmark indices have been on a record-breaking rally lately and August witnessed the stock market reaching many new highs. The BSE benchmark soared over 9 per cent last month.
A look at how people are celebrating Navratri this year.
The unlocking of the economy since June led to a significant recovery in various macro, micro and high-frequency data points, resulting in the equity markets surpassing their previous lifetime highs.
A 10-man Odisha FC registered their second win of the season, beating Hyderabad FC 3-2 in the Hero Indian Super League match, in Pune, on Wednesday.
Search operations for the six-year-old schoolboy, who was kidnapped in Patna's high security area on Monday, have been stepped up with Bihar Chief Minister Nitish Kumar expressing displeasure, as the boy could not be traced even after four days.
Banerjee said the state is targeting to shift at least 10 lakh people to safer places in a bid to avoid any loss of life.
He will now get a chance to take a guided tour to the iconic Jack Daniel Distillery in Lynchburg, Tennessee.
Indian equities are no longer cheap vis-a-vis global markets, and only a short distance away from being the most expensive they have ever been.
Riding on skipper Amol Muzumdar's 90, Mumbai scored 324 for nine against Himachal Pradesh on the opening day of the Ranji Trophy Super League Group A match in Dharamsala on Monday.
Rajasthan were 166 for 3 in their second essay at close on day 2 of the Ranji Trophy match against Maharashtra after conceding a 182-run lead.
India are virtually knocked out of the 2022 FIFA World Cup qualifying round after losing 0-1 to Oman, in Muscat, on Tuesday.
