Indian stock benchmarks, the Sensex and Nifty, hovered near record highs on Wednesday, with profit-taking balancing out gains in commodity stocks spurred by China’s stimulus measures.
Posts in category Economic Times
Rupee ends higher; uptick in Asia FX, state-run banks’ dollar sales help (25-09-2024)
The yuan rose above 7 per dollar for the first time since May 2023, lifted by investor optimism a day after broad policy easing measures were announced to shore up the country’s flailing economy.
Bazaar Style Retail Q1 Results: Company posts Rs 42 lakh loss, revenue jumps 21% YoY (25-09-2024)
Revenue from operations for the first quarter of the 2025 fiscal year was Rs 227.68 crore, down from Rs 275.80 crore in the same period last year. However, total income increased to nearly Rs 279 crore in Q1FY25, accompanied by a rise in expenses to Rs 268.8 crore from Rs 221.6 crore in the prior year’s first quarter.
Nithin Kamath cites 4 reasons why Zerodha is not joining IPO bandwagon like other unicorns (25-09-2024)
Despite a Rs 4,700 crore profit in FY24, Zerodha has avoided an IPO. CEO Nithin Kamath cites reasons like market volatility, unpredictability of future events, and focus on long-term customer-centric decisions. Zerodha is building other verticals to diversify risks and is not in immediate need of funding. The company wants to avoid the burden of investor expectations and maintain its focus on long-term customer-centric decision
Valuation disparities prompt caution in new-age tech sector: Jyotivardhan Jaipuria (25-09-2024)
So, if these growth forecasts hold, then there is some justification for a little higher valuation. Though, in general, I would say, yes, the valuations have become quite extreme for some of these spaces.
Meta CEO Mark Zuckerberg enters the exclusive $200 billion club, becomes world’s 3rd most richest man (25-09-2024)
Mark Zuckerberg has joined the ranks of the world’s wealthiest individuals, with a net worth of $200 billion. He is the third richest person, after Jeff Bezos and Elon Musk. Zuckerberg’s wealth has surged by $71 billion this year, while Musk’s has grown by $38.9 billion and Bezos’ by $39.3 billion.
High-flying Returns: 5 stocks with ROE soaring above 80% (25-09-2024)
A high return on equity (ROE) indicates a company’s efficient use of shareholder investments, signaling strong management and a promising business model, thus making it appealing to investors seeking growth opportunities.
Diffusion Engineers commands robust GMP ahead of issue opening tomorrow (25-09-2024)
Ahead of the issue opening, the company’s shares are trading with a GMP of Rs 77 in the unlisted market. Considering the upper price band of Rs 168, the stock is commanding a premium of 46% over the IPO price.
Dabur shares drop 5% after UBS downgrades to ‘Neutral’ on valuation concerns (25-09-2024)
Shares of Dabur dropped 5% to Rs 622 during Wednesday’s intraday trading on the BSE after global brokerage UBS downgraded the stock from ‘Buy’ to ‘Neutral.’ Despite this downgrade, UBS raised Dabur’s target price from Rs 650 to Rs 700. The brokerage cited concerns over high valuations and potential risks to beverage sales growth, along with increasing competition from cola drinks and coconut oil brands
HEG shares rally 10% on announcing October 18 as record date for 1:5 stock split (25-09-2024)
HEG Ltd shares surged 10% after announcing a 1:5 stock split. The record date for the split is October 18. A 1:5 split means shareholders will receive five shares for every one they currently own.