Posts in category Economic Times
Mid- to high-teens earnings growth for next 2 years likely: Shibani Sircar Kurian (05-05-2024)
Shibani Sircar Kurian of Kotak Mahindra AMC provides insights on Nifty valuations, earnings stability, sector-specific investments, and market volatility. The analysis covers strong Nifty valuations supported by robust earnings growth amidst sector-specific opportunities in mid and smallcaps.
Financialisation of savings & SIPs are all very well but 75% of Indian wealth is in cash: Harish Krishnan (05-05-2024)
Harish Krishnan discusses the gradual shift towards financialisation of savings in India, emphasizing the potential of equities to outperform traditional assets over time. The trend is expected to continue as more households embrace equity investments.
‘We’d love to spend it, but…”: Warren Buffett as Berkshire’s cash pile swells to $189 billion (04-05-2024)
At Berkshire Hathaway's annual meeting, Warren Buffett celebrated Charlie Munger, discussed growing earnings, and addressed the $189 billion cash pile. Shareholders eagerly awaited insights on Berkshire's future direction and succession plan.
Warren Buffett’s Berkshire pares huge Apple stake as cash, operating profit set records (04-05-2024)
Berkshire Hathaway Inc's record profit driven by insurance operations included a significant Apple share sale, increasing cash to $189 billion. Buffett's move away from Apple reflects investor concerns. The company also repurchased its own stock and held its annual meeting in Omaha.
J&K Bank reports highest-ever annual profit of Rs 1,767 crore for FY24 (04-05-2024)
The bank witnessed a 10% increase in its total income to Rs 6,029.17 crore from Rs 5,502.09 crore. It had posted a profit of Rs 1,197 crore last fiscal, which was the highest profit till last year.
CDSL Q4 Results: Cons PAT zooms 86% YoY to Rs 267 crore; revenue jumps 93% (04-05-2024)
The board has announced a final dividend of Rs 19 and a special dividend of Rs 3 per share to commemorate the 25-year silver jubilee celebrations of CDSL. EBITDA stood strong at Rs 148 crore, up by 111% from Rs 70 crore reported for the same period last year.
Concurrent Gainers: Siemens among 6 stocks that rose for 5 days in a row (04-05-2024)
Amid the negative trend, ETMarkets highlighted six stocks within the BSE 100 index that consistently rose in price throughout the last 5 trading sessions.
Headline: Three stock recommendations Rajesh Palviya for next week (04-05-2024)
One should use this volatility to buy and accumulate good quality stocks in this decline. We are optimistic that we could again resume the uptrend and possible target for May series could be towards 23,000 to 23,200, says Rajesh Palviya, Axis Securities.
Use any rallies to switch from IT to domestic themes: Vinit Bolinjkar (04-05-2024)
Kotak Bank is suffering from the pains of RBI strictures and until that is sorted out I do not think this stock is going anywhere. So, 1600 was a strong support level that has given way and the stock can get into a vertical fall I think for another 200 points, according to Vinit Bolinjkar, Ventura Securities.
Dalal Street Rollercoaster: Profit-Taking looms as volatility soars (04-05-2024)
The last trading day of the week saw the index swinging wildly. During the week, the Nifty oscillated in a 446.65 range before closing the week on a flat note. The benchmark Index posted minor weekly gains of55.90 points.