There will be excitement around this Hyundai IPO and the stocks will get excited. But having said that, if you are talking about medium to long term, it is better to wait and watch and it is much better to play this space through ancillaries because we have fantastic auto ancillary companies and some of these auto ancillary companies are global in nature.
Posts in category Economic Times
Retail credit boom creating balance sheet risks: Shweta Daptardar (10-10-2024)
There will be recalibration even on the risk pricing rates front as well. Perhaps we might see some review in guidelines coming from RBI in near future, say in terms of how the risk pricing, credit risk management should happen.
Overweight on pharma as a quarterly trade; NBFCs to outperform banks long term: Dipan Mehta (10-10-2024)
Dipan Mehta highlights potential trends in various market sectors. He is optimistic about pharma’s short-term growth and believes NBFCs will outperform banks in the coming years. However, he remains cautious about metals and emphasizes the need for careful stock selection. He suggests focusing on sectors with significant corrections and promising outlooks.
Stock to watch: IREDA shares in focus ahead of its Q2FY25 earnings. Here’s what to expect (10-10-2024)
Shares of IREDA will be in focus as the company announces Q2FY25 earnings today. Expected net profit is Rs 410 crore, a 44% YoY increase, while NII may rise by 45% to Rs 522 crore. Loan sanctions jumped 303% to Rs 17,860 crore.
F&O Ban List: Tata Chemicals, SAIL among 11 stocks under trade ban on Thursday (10-10-2024)
Eleven stocks, including BirlaSoft, Bandhan Bank, and Tata Chemicals, fall under the F&O trade ban as their open interest exceeds 95% of MWPL. Exiting the ban requires open interest to drop below 80%, with various stocks showing slight decreases in OI from the previous session.
Stock to watch: TCS shares in focus ahead of Q2 results (10-10-2024)
Shares of Tata Consultancy Services will draw attention as it reports its second quarter earnings. Analysts predict a 1.2-2.6% sequential revenue growth and an 8-10% year-on-year net profit increase, driven partly by the BSNL deal ramp-up. Market capitalization remains over Rs 15 lakh crore.
Berkshire Hathaway raises $1.9 billion in bond deal, term sheet shows (10-10-2024)
Warren Buffett’s Berkshire Hathaway raised 281.8 billion yen ($1.9 billion) by issuing seven-tranche yen-denominated bonds, with the largest 3-year tranche raising 155.4 billion yen. This marks the largest yen-denominated bond issuance for Berkshire since 2019. Proceeds will be used for general corporate purposes.
Q2 results today: TCS, Tata Elxsi among 12 companies will announce earnings (10-10-2024)
Today marks the start of the second quarter earnings season. TCS, Tata Elxsi, IREDA, and other companies will declare their results for the September quarter. Brokerage firms expect TCS to show up to 8% year-on-year revenue growth. Key points include the BSNL deal ramp-up and commentary on the FY25 demand environment.
Big movers on D-Street: What should investors do with Varun Beverages, Suzlon Energy and Torrent Power? (10-10-2024)
Domestic markets closed lower as stocks like Varun Beverages, Suzlon Energy, and Torrent Power gained attention with notable movements. Analysts suggest potential gains for these stocks given the key support and resistance levels, indicating positive recovery trends if buying momentum continues.