Posts in category Economic Times
Adani portfolio delivers record 45% EBITDA growth in FY24 (02-06-2024)
Adani Group companies posted a record 45 per cent rise in pre-tax profit (EBITDA) to Rs 82,917 crore (about USD 10 billion) in FY24 as the apples-to-airport conglomerate made a massive comeback, the group said on Sunday.
Power stocks: Both PSUs and pvt ones got re-rated. Ready for another round in Modi 3.0? 6 stocks with upside potential of up to 37% (02-06-2024)
The summer heat leads to high power consumption is a well known fact. What has been the difference in the headlines this year and last two or three years? The news about massive power cuts and the possibility of power plants running out of coal is missing. The news which is dominating is that power demand is high and is being met. This change is the result of many things, right from optimism at one point of time to absolute despair at another. Finally policy push and discipline and integrated approach toward solving the issue of the sector, whether it for thermal, solar, wind or hydro. This led to a certain level of re-rating in Modi 2.0 which is likely to get pace in Modi 3.0. One thing which goes unnoticed is the fact that the power sector moving out of the trouble not only means good news for power companies but also the banks, because after metal, power companies topped the list of NPA of the banks.
Technical Breakout Stocks: How to trade Adani Power, Jindal Steel, and Coromandel International on Monday (02-06-2024)
Jindal Steel is trading above its all-time high level of August 25, 2010. Last week, the stock formed a Dark Cloud Cover candlestick pattern, indicating a short-term reversal. The low volume during the sell days suggests a retracement in the security.
The unexpected boon for the otherwise boring industrial products from AI boom (02-06-2024)
Stocks in the utility space are no longer the sedate ones that are reserved for defensive investors seeking steady returns. They have now caught the fancy of momentum investors and traders. With the successful spinning of the AI story to the power and industrial stocks, they have become the most trending ones that are vying for the top spot, albeit behind tech stocks.
These 4 stocks witnessed a rise in prices with volumes in last 3 days (02-06-2024)
Four stocks have shown continuous upticks in their prices, trading volumes, and delivery volumes
FPIs take out Rs 25,586 cr from equities in May on poll jitters, attractive valuations in China (02-06-2024)
GDP growth numbers released on Friday painted a very optimistic picture. Q4FY24 GDP growth came in at 7.8 per cent surpassing the 6.7 per cent expectation, while the full-year FY24 growth stood at 8.2 per cent
Indian stocks, bonds and rupee set to gain as polls show landslide BJP win (02-06-2024)
While the final results might differ from the exit polls, the strength of the projected victory is expected to benefit risk assets. Should the June 4 results align with the exit polls, analysts expect the NSE Nifty 50 Index to reach a new record
Retail investors’ participation in F&O trading surges due to quick profit potential: Experts (02-06-2024)
Finance minister Nirmala Sitharaman and chief economic advisor V Anantha Nageswaran have recently flagged the growing risk of F&O trading for retail investors. In November 2023, Sebi chief Madhabi Puri Buch also cautioned investors against heavy bets on F&O
Aramco kicks off giant share sale in test of investor appetite (02-06-2024)
Saudi Arabia is looking to attract more international shareholders after Aramco’s mega IPO five years ago turned out to be largely a local affair. Investors will need to weigh a $124 billion annual dividend payout, one of the world’s heftiest, against shares that are far more expensive than other energy supermajors. Government control and the demand outlook for oil in the face of climate change also present long-term risks.