Bernstein remains optimistic about NTPC as the parent entity, despite not recommending a separate listing for NTPC Renewables. They believe the Indian solar PV manufacturing industry is in a favorable position, benefiting from the US and India’s reluctance to rely on Chinese imports. However, they foresee a potential supply glut in the medium to long term.
Posts in category Economic Times
Asian markets struggle as traders weigh geopolitical tensions (20-11-2024)
Asian markets were mixed as investors weighed the potential for escalating conflict in Ukraine and the implications of Donald Trump’s second presidency, including trade tensions with China and the impact on US interest rates. Traders awaited Nvidia’s earnings report, hoping for insights into the tech sector’s health.
Buy Ashoka Buildcon, target price Rs 302: HDFC Securities (20-11-2024)
HDFC Securities reaffirms its buy rating for Ashoka Buildcon, raising the target price to Rs 302. The brokerage cites strong revenue projections, asset monetization plans, and margin expansion as key drivers. Ashoka Buildcon, a major infrastructure player, aims for steady revenue in the coming fiscal year. The company’s robust financials and strategic initiatives support HDFC Securities’ optimistic outlook.
NPA provisioning moderates in Q2 driven by PSU banks (20-11-2024)
Public sector banks led a decline in bad loan provisions for the second consecutive quarter, with provisions falling 2.9% to ₹27,318.2 crore in the September quarter. This decline was driven by PSBs like Punjab National Bank and Central Bank of India, while private sector banks saw a 12.5% increase in provisioning.
Escalating tensions in Europe erode early gains on D-St; FPIs further sell shares worth Rs 3,412 cr (20-11-2024)
India’s Nifty index broke a seven-day losing streak, edging up slightly on Tuesday as investors sought bargains after recent losses. However, gains were limited by escalating tensions between Ukraine and Russia, leaving the market outlook uncertain.
Stocks that weathered the storm could gain 10-37% more (20-11-2024)
Despite a broad market sell-off since September, which has seen stocks fall by 15-50%, a select group of stocks with market caps above ₹5,000 crore, including Paradeep Phosphates, Mastek, and Neuland Laboratories, have bucked the trend, with potential for further gains of 10-37% according to analysts.
Can expect a 5-7% Santa Claus rally in 6-8 weeks: CLSA on Indian markets (20-11-2024)
India strategist Vikash Kumar Jain predicts a potential “Santa Claus rally” in the stock market, projecting a 5-7% rise over the next six to eight weeks. He believes negative factors are already priced in and cites historical December gains.
Sebi plans tighter IPO rules for SMEs, higher investment amount (20-11-2024)
To combat misuse of funds, India’s Securities and Exchange Board is proposing stricter regulations for small and medium enterprise IPOs. These include raising the minimum investment amount and requiring a minimum issue size, along with increased scrutiny on related party transactions and promoter share sales.
Bitcoin breaches $94,000 for the first time (20-11-2024)
Bitcoin soared to an all-time high, surpassing $94,000, fueled by reports of a potential acquisition of crypto trading platform Bakkt by Donald Trump’s social media company. This surge, coupled with the debut of options trading for BlackRock’s Bitcoin ETF on Nasdaq, has intensified speculation about a crypto-friendly environment under the incoming Trump administration.
1st Indian PE Gaja Capital plans IPO; may file draft papers in Dec (20-11-2024)
Gaja Capital, a mid-market Indian private equity firm, is preparing for an initial public offering (IPO). The firm, known for its investments in companies like RBL Bank and Teamlease, aims to create a pool of permanent capital for new ventures. If successful, Gaja Capital would become the first standalone domestic private equity firm in India to go public.