NTPC has filed for an IPO of its green energy arm, NTPC Green Energy Ltd, with an aim to raise approximately $1.2 billion (Rs 10,000 crore).
India overtakes China in yet another global benchmark (19-09-2024)
India has surpassed China in the MSCI AC World Investable Market Index, with Indian stocks now holding a 2.35% weight compared to China’s 2.24%. This shift is driven by the strong performance of Indian equities, which have gained 23% this year, significantly boosting India’s representation in global indices.
Jash Engineering – Is it a multibagger (19-09-2024)
Let’s talk about some risks:
According to “Simply Wall Street”, it has 1 major and 2 minor risks as follows;
Major Risk: No financial data reported. We can see in Tijori also, no financial information is being updated about the company
Minor risks: 1) Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
- Shareholders have been diluted in the past year (2.9% increase in shares outstanding). 3) I have seen decrease in promotor holding, is it related to point number 2 ?
Appreciate if any experts can give their views
Disclaimer: Invested and biased
Asian stocks gain as Fed rate cut boosts sentiment: Markets wrap (19-09-2024)
Asian stocks and US equity futures rose after the Federal Reserve cut interest rates by half a percentage point, signaling further easing. Japanese equities benefited from a weaker yen, while Australian shares also climbed. The Fed’s move allows regional central banks to ease without exchange rate concerns.
Bank of England set to hold rates with bond sales in spotlight (19-09-2024)
The Bank of England is expected to keep interest rates unchanged as it monitors inflation risks. Attention shifts to its decision on bond sales, which could impact Finance Minister Rachel Reeves’ upcoming budget. Economists predict a cautious approach, with a focus on quantitative tightening and its fiscal implications.
Oil prices fall as US rate cut fails to boost market sentiment (19-09-2024)
Oil prices fell in Asian trading after a larger-than-expected Federal Reserve interest rate cut raised concerns about the U.S. economy. Brent crude futures for November and WTI crude futures for October both declined. Weak demand from China’s slowing economy also weighed on prices, despite potential support from increased Chinese oil demand in the fourth quarter.
Atma Nirbhar Bharat – Stock opportunities (19-09-2024)
Garden Reach Shipbuilders bags $54-million German order for four more cargo vessels. Govt upgrades Garden reach from B to A category
Now ,There is going to be fire in belly of PSU’s to perform or perish. Recently, there is a policy change with respect to PSU functioning and performance monitoring. The finance ministry would monitor each and every PSU for accountability for its performance and upgrade or down grade a PSU. The grading is in to 4 buckets- A,B,C,D- A is highest and D is lowest. The salary of the board members would depend upon some qualitative and quantitative parameters such as Revenue / execution of orders, profit before tax, Share price in the market , capacity addition and winning competitive orders.
The classification of PSU Maharatna , Nava ratna , Mini Ratna would still continue which would give them financial power to invest , add capacity and decision making ability. This means that even a Maharatna or Navratns company can be downgraded.
Gold flat after bumper Fed rate cut (19-09-2024)
Gold prices remained steady on Thursday as investors assessed Federal Reserve Chair Jerome Powell’s remarks following a significant rate cut by the U.S. central bank. Spot gold was little changed at $2,558.00 per ounce, while U.S. gold futures fell 0.6% to $2,582.70. The dollar strengthened, making gold more expensive for other currency holders.
Dollar rebounds after Fed goes big on rate cut (19-09-2024)
The U.S. dollar rose broadly on Thursday after the Federal Reserve’s significant interest rate cut. Despite initial volatility, the dollar rebounded from a one-year low against a basket of currencies. The Fed’s move was aimed at sustaining low unemployment amid easing inflation, with further rate cuts expected in the coming years.
Stocks that will see action today: September 19, 2024 (19-09-2024)
Buzzing stocks: IREDA, MTNL, PNB, GE T&D, NTPC, Zomato, Macrotech, Nazara, Restaurant Brands, SpiceJet, Aditya Birla Capital, Pudumjee Paper, BL Kashyap, Garde Reach