Manish Chokhani of Enam Group emphasizes the importance of energy independence for India to become the third largest economy. He draws parallels with the US and China, highlighting their strategic moves to secure energy sources. He warns that India’s failure to address this issue could hinder its economic growth.
Posts in category Economic Times
REC Q2 Results: Net profit up 6.5% YoY at Rs 4,038 crore; Rs 4 per share dividend declared (26-10-2024)
REC Q2 Results: State-run REC reported a 6.5% rise in its September quarter consolidated net profit at Rs 4,038 crore versus Rs 3,790 crore reported by it in the year ago period. The total interest income earned by the NBFC during the quarter stood at Rs 13,485 crore which was up 18% over Rs 11,399 crore reported in the corresponding quarter of the previous financial year.
Concurrent Losers: 14 stocks that slid for 5 days in a row (26-10-2024)
In the five trading sessions leading up to October 25, the Sensex index dropped about 2.23%, or 1,822 points, closing at 79,402, with losses in each session. Amid this decline, ETMarkets highlighted 14 stocks from the BSE 100 that consistently fell in price.
Market not a bubble overall, specific sectors see high valuations: Manish Chokhani, Enam Group (26-10-2024)
Manish Chokhani of Enam Group believes the entire market isn’t in a bubble, but pockets like defence, railways, PSUs, and capital goods might be overvalued. In the last six months, $15 billion has been returned to promoters and private equity investors.
RIL, Mazagon Dock among 30 stocks with record dates for dividend, bonus, rights, split this week. Do you own any? (26-10-2024)
Reliance Industries, Tech Mahindra, and Mazagon Dock, among others, are in focus due to upcoming record dates for dividends, bonus issues, and stock splits. Shareholders need to hold shares on the record date to be eligible. Buying the stock one day before the ex-date ensures eligibility for dividends, while buying on the ex-date excludes such benefits.
ICICI Bank Q2 Results: Net profit jumps 14.5% YoY to Rs 11,746 crore, NII up 9.5% (26-10-2024)
India’s second largest private lender ICICI Bank reported a 14.5% rise in its September quarter standalone net profit at Rs 11,746 crore versus Rs 10,261 crore reported by it in the year ago period.
Weekly Slump: 10 large-cap stocks see double-digit declines (26-10-2024)
The benchmark Sensex index dropped around 2.23% in the past week. In light of this market decline, ETMarkets highlighted 10 large-cap stocks from the BSE 100 that experienced double-digit losses.
IPO Calendar: No new issues, but Waaree Energies to lead 8 listings in Diwali week (26-10-2024)
No new IPOs will open next week. However, 8 listings including Waaree Energies, Deepak Builders, and Godavari Biorefineries will take place during Diwali week. 26 companies proposing to raise Rs 72,000 crore are sitting on Sebi approval. Another 55 companies looking to raise Rs 89,000 crore are awaiting the regulator’s nod. This fiscal year’s fundraising neared Rs 1 lakh crore and is expected to reach a new record by March 2025.
Yes Bank Q2 Results: Net profit shoots up 145% YoY to Rs 553 crore, NII up 14% (26-10-2024)
Yes Bank’s standalone net profit for the September quarter surged 145% YoY to Rs 553 crore, driven by a 15% increase in interest earned. Gross NPAs improved to 1.6% from 2% YoY, with net NPAs remaining stable at 0.5% QoQ.