Posts in category Economic Times
Election, Q4 earnings, and FII flows among 10 factors that will steer D-Street this week (12-05-2024)
Over 530 BSE-listed companies will announce their March quarter earnings this week, including DLF, GIC Housing Finance, INOX India, Jindal Steel & Power, Varun Beverages, Zomato, Bharti Airtel, Bharti Hexacom and Colgate-Palmolive (India).
Metal, PSU & pharma to lead market; FMCG showing signs of bottoming out: Sandeep Tandon (12-05-2024)
Sandeep Tandon identifies metal, pharma, PSU as emerging market leaders. Recommends buying dips for growth potential. Holds significant positions in Jio, Reliance, and Adani Power. Tandon says: "India tended to suffer a bit from a very near term or short term perspective, but from a long-term perspective, I think India is a structural bull run story for them also."
In another 10 years, India would save $5-6 trillion every year, give birth to Morgan Stanley, Merrill Lynch and JPMorgans: Raamdeo Agrawal (12-05-2024)
Raamdeo Agrawal predicts a surge in India's financial markets, with rising equity penetration and the growth of intermediaries and wealth managers. The market shows promise for significant advancement and development in the near future.
Waaree Renewable Technologies Q4 Results: PAT soars to Rs 54 crore (11-05-2024)
Earnings before interest, taxes, depreciation, and amortization (EBITDA) stood at Rs 75.30 crore as compared to Rs 22.29 crore a year ago.
FPIs turn net sellers of Indian equities worth Rs 17,083 crore in May so far (11-05-2024)
In May, Foreign Portfolio Investors (FIIs) sold Indian equities worth Rs 17,083 crore, continuing their net selling trend. However, Domestic Institutional Investors (DIIs) countered this by purchasing equities worth Rs 19,410 crore, highlighting divergent institutional activity.
Longer for higher rates may dim gold’s shine next week (11-05-2024)
Next week, US CPI data will be released, which will be crucial for gold. In case of hotter-than-expected inflation data, gold will fall. The bullion rally has coincided with a rally in risk assets and bonds.
Concurrent Losers: 5 stocks that slipped for 5 trading days in a row (11-05-2024)
This downward trend persisted in three out of the past five sessions.
Zomato among Rajesh Palviya’s 3 stock recommendations for coming week (11-05-2024)
We have a bullish view on the metal space and most of the metal stocks like Hindustan Zinc, Hindustan Copper, and Vedanta did well on Friday. So, Vedanta is our preferred choice at this moment.
If AI can disrupt future, track these 9 artificial intelligence stocks (11-05-2024)
"Generative AI has emerged as a disruptive technology that can potentially help corporates improve productivity while vastly improving customer experience as well. As of now, major use cases and financial benefits of Gen AI fall in sales, marketing and customer support with software engineering expected to rise sharply," domestic brokerage JM Financial said.
Thinking to bet on FMCG? Look at these sectors instead, says Ajay Bagga (11-05-2024)
“The resurgence in certain sectors remains uncertain—possibly defensive moves rather than re-rating. Monsoon's impact, expected by October, will clarify. Domestic cyclicals like auto, infra, and financials seem preferable to FMCG, though valuation and monsoon effects will drive investor behavior.”