Deven Choksey, MD of DRChoksey FinServ Pvt. Ltd, remains optimistic about two-wheelers and commercial vehicles. He believes passenger vehicle demand will recover post-challenges. On Paytm, he advises caution until profitability is shown. He sees potential in the energy transition sector, particularly green hydrogen, with significant growth expected over the next 5-10 years.
Posts in category Economic Times
Share price of Havells India falls as Nifty strengthens (24-09-2024)
A total of 12,011 shares changed hands on the counter till 12:47PM (IST).
PSBs to Drive Bond Issuances to Record High of Rs 1.3 lakh crore this fiscal: ICRA (24-09-2024)
Public sector banks are expected to lead bond issuances in FY2025, driven by infrastructure bonds. They are projected to account for 82-85% of total issuances, reaching Rs. 1.2-1.3 lakh crore. Tight liquidity and strong credit growth have increased reliance on bonds, with PSBs well-positioned due to their stable deposit base and large infrastructure loan book.
Share price of Shree Cements rises as Nifty strengthens (24-09-2024)
A total of 121 shares changed hands on the counter till 12:31PM (IST).
Marico shares fall 0.84% as Nifty gains (24-09-2024)
The stock quoted a 52-week high price of Rs 710.3 and a 52-week low of Rs 486.75.
Japan’s Nikkei posts 3-week closing high on Wall Street strength, dovish BOJ (24-09-2024)
Japan’s Nikkei share average rose to a three-week high, closing at 37,940.59, driven by Wall Street’s gains and dovish comments from the Bank of Japan. Electronic component maker TDK led the rise with a 4.21% jump, while Tokyo Electron fell 0.93%. The broader Topix index also saw gains.
Manishi Raychaudhuri on factors that will dictate the market in next few months (24-09-2024)
If one looks at the undervalued pockets, at least the sectors which are fundamentally good over the long term, but have underperformed in the near term, the private sector banks would come into mind, even though earnings growth is likely to slow down, I think the underperformance has possibly been a bit overdone there.
Cummins India shares gain 0.32% as Sensex falls (24-09-2024)
A total of 7,459 shares changed hands on the counter till 12:17PM (IST)
Share price of Ambuja Cements falls as Sensex drops 67.79 points (24-09-2024)
Promoters held 0.0 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 9.58 per cent and 5.53 per cent, respectively.
Manba Finance IPO subscribed 40 times so far on Day 2, retail portion booked 45X (24-09-2024)
Manba Finance’s IPO sees strong demand, subscribed 40 times, with a grey market premium of Rs 60. The company aims to raise Rs 151 crore for growth initiatives.