Garuda Construction and Engineering’s IPO is set to debut on Tuesday. Despite decent subscription, grey market premium stands at 0, indicating a potential for a flat or negative listing. The company has strong order book and project diversification, but the cyclical nature of the industry and market volatility could impact performance.
Posts in category Economic Times
China stimulus flowing very positively for Indian metal sector: Kunal Kothari (14-10-2024)
Steel prices have risen by 15% globally and by Rs 1000 to Rs 1500 per tonne in India due to China’s stimulus measures. The positive trend is expected to continue, with Indian steel producers likely to increase prices post-monsoon. There is no immediate need for government curbs on steel imports.
Dollar strength on hot US jobs & CPI gives RBI reason to let Rs 84 give way (14-10-2024)
The Reserve Bank of India allowed the Rupee to weaken beyond the 84 mark, influenced by significant global fund outflows and shifting valuations. While the RBI aims to maintain the competitiveness of the Rupee and control volatility, it is showing more readiness to prevent Rupee appreciation rather than depreciation to conserve reserves.
HCL Technologies, Oberoi Realty among 6 large & midcap stocks that hit 52-week highs on Monday (14-10-2024)
India’s benchmark indices, BSE Sensex and Nifty50, climbed on Monday, driven by gains in heavyweight financials and L&T, as investors awaited domestic inflation data for insights into the timing of a potential rate cut.
Avenue Supermart shares drop 8.55% as Sensex rises (14-10-2024)
The stock quoted a 52-week high of Rs 5484.0 and a 52-week low of Rs 3618.85.
Venugopal Garre is overweight on both Q-Commerce & organised retail. Here’s why (14-10-2024)
Bernstein’s Venugopal Garre is optimistic about quick commerce and organized retail, maintaining an overweight stance on both. Though Q-Commerce’s impact on traditional retailers is expected to be limited in the near term, he sees potential for growth in tier II and tier III cities. Traditional sectors show signs of slowing, but banks are poised for growth with rate cuts.
9 stocks held by over 100 MFs in September surge 80-130% in FY25 (14-10-2024)
Over 180 stocks are held by more than 100 mutual fund schemes as of September 2024. Among them, nine stocks have shown remarkable performance with price returns between 80% and 130% in the current fiscal year.
8 stocks held by over 100 MFs in September surge 80-130% in FY25 (14-10-2024)
Over 180 stocks are held by more than 100 mutual fund schemes as of September 2024. Among them, nine stocks have shown remarkable performance with price returns between 80% and 130% in the current fiscal year.
HDFC Life Q2 Results Preview: APE may grow up to 26% YoY, VNB in range of 12-22% (14-10-2024)
The value of new businesses (VNBs) for Q2FY25 is projected to be between Rs 900-978 crore, reflecting a year-on-year growth of 12% to 22%, according to brokerage estimates. Sequentially, annualized premium equivalent (APE) could rise by 24-34%, while VNB is expected to increase by 25-36%.