Posts in category Economic Times
Earnings surprise offers opportunities; stocks could return 10-34% (21-05-2024)
Among them, 20 are likely to offer returns exceeding 10% over the next one year as per analysts’ consensus estimates, data showed. For instance, Raymond reported an EPS of Rs 246 in FY24 compared to Rs 79 in FY23, which is 84% higher than analysts’ estimates.
It’s buy-the-dips time; Nifty support at 22,300 (21-05-2024)
Amid high volatility last week, indices retested the support zone at 21,825, which was closer to the previous three swing lows of February, March and April 2024, and after that, witnessed a strong rebound leading to a close above 22,500 with a gain of 2%.
Speedier Wall Street trades putting global finance on edge (20-05-2024)
Spurred on by the original meme-stock frenzy, the Securities and Exchange Commission is pushing the shift to reduce the chance of something going wrong between when a trade is executed and when it's settled. But the switch to what's known as T+1 comes with risks of its own.
The small-cap landscape, while being challenging, looks somewhat better: Chirag Setalvad (20-05-2024)
Valuations have moved up but they have to be viewed in the context of the overall growth environment. Large-cap share valuations are at a relatively modest 10-15% premium to their historical averages.
Project loan provisions to impact earnings due to limited pass-through: Banks to RBI (20-05-2024)
Banks face challenges passing on higher provisions due to competition and pressure to maintain relationships. RBI proposed a 5% provision increase for project, commercial, and real estate loans. Lenders may find it difficult to raise rates, impacting project viability and borrower bidding process.
IFSC regulator looking to allow NBFCs operate as risk aggregators (20-05-2024)
The International Financial Services Centres Authority is exploring the option of non-bank financial players acting as risk aggregators for small customers in GIFT City to facilitate FX transactions and manage interest rate risk exposures.
Go First’s creditors to auction pledged land parcel in Thane (20-05-2024)
Creditors are set to auction a prime 94-acre land parcel in Thane near Mumbai, previously collateral for loans taken by Go First Airlines. The auction process involves major creditors and potential bidders amidst evolving legal challenges and financial considerations.
Oil India sees 13% rise in March quarter profit on high prices (20-05-2024)
Oil India reported a 13% profit increase to ₹2,029 crore in Q4 2023-24 fueled by high oil prices. Revenue from operations rose 2% to ₹5,757 crore. Dividend and interest income doubled to ₹785 crore from ₹388 crore.
Ahead of Market: 10 things that will decide stock action on Tuesday (20-05-2024)
Indian shares closed marginally higher in a special session conducted on Saturday for stock exchanges to test a failsafe system for equity trading.
Wall Street muted at open with Fed minutes, Nvidia results on tap this week (20-05-2024)
The Dow Jones Industrial Average fell 13.83 points, or 0.03%, at the open to 39,989.76. The S&P 500 opened higher by 2.08 points, or 0.04%, at 5,305.35, while the Nasdaq Composite gained 16.06 points, or 0.10%, to 16,702.02 at the opening bell.