ReNew’s total income in the second quarter also rose to Rs 2,988.7 crore (USD 357 million) from Rs 2,863.2 crore (USD 342 million) during the same period last financial year.
Posts in category Economic Times
9 microcap stocks backed by 15 MF schemes have gained over 100% in FY25 so far (20-11-2024)
It’s noteworthy that 14 out of the 250 stocks in the microcap index have become multibaggers in FY25.
These 8 smallcap stocks have fallen more than 40% in FY25 (20-11-2024)
About eight small-cap stocks have faced a significant setback, slipping by over 40% in FY25
Honasa Consumer shares crack 34% in just 2 days. Is the glow fading away? (20-11-2024)
Mamaearth’s parent company, Honasa Consumer, saw its shares plummet 34% after reporting a significant second-quarter loss. Market analysts expressed concerns over the company’s performance, citing factors like disappointing quarterly numbers and the impact of Q-commerce. While a short-term technical bounce is possible, the stock’s overall outlook remains bearish.
Goldman Sachs sees 66% downside in Vodafone Idea; here’s why (20-11-2024)
Goldman Sachs has reiterated its ‘sell’ rating on Vodafone Idea following a weaker-than-expected second quarter, setting a target price of Rs 2.40, implying a 66% downside from Tuesday’s BSE closing price. The brokerage firm also highlighted concerns over the company’s market share, free cash flow, and lagging capital expenditure (capex), despite being well-funded in the short term.
Shankar Sharma flags CLSA India note as “trap” amid market optimism (20-11-2024)
Market expert Shankar Sharma issued a cautionary note to Indian investors, criticizing a recent report from global brokerage firm CLSA that shifted its investment focus from China to India. In a post on X (formerly Twitter), Sharma labeled the report as a “trojan horse” and a “typical trap” for retail and domestic institutional investors (DIIs), warning against excessive optimism in the current market environment.
UPL plans to raise up to Rs 3,378 crore via rights issue (20-11-2024)
Agrochemicals manufacturer UPL announced plans to raise up to Rs 3,378 crore through a rights issue priced at Rs 360 per share, according to its filing with stock exchanges on November 20. The funds will be raised by issuing 9.38 crore partly paid-up equity shares. The issue price represents a 34% discount to UPL’s closing price of Rs 546.85 on November 19.
ETMarkets Smart Talk: Domestic investors driving India’s market stability amid Rs 1.3 lakh crore FII sell-off (20-11-2024)
The energy sector, especially oil and natural gas, presents substantial potential driven by global demand. Within IT, specific segments like cloud computing and cybersecurity are emerging as growth opportunities following recent market corrections, according to Manish Jain, Managing Director, Bajaj Broking.
Fitch affirms Vedanta Resources at ‘B-‘ rating with positive outlook (20-11-2024)
Fitch Ratings has maintained Vedanta Resources Limited’s (VRL) ‘B-‘ rating with a positive outlook, signaling potential improvement. The agency also assigned a ‘B-‘ rating to VRL’s senior unsecured debt and $1.2 billion in proposed notes, with a Recovery Rating of ‘RR4’. The positive outlook reflects VRL’s improved financial flexibility, reduced debt, and access to capital for refinancing and debt management.