BJP’s Maharashtra win boosts hopes for economic reforms. Markets rallied after the election results. Welfare schemes played a key role in the victory. The government may now pursue land and labor reforms. These reforms could boost growth and create jobs. India aims to become a manufacturing hub.
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NSE, BSE face profit risk from proposal for clearing firms (25-11-2024)
India’s stock exchanges, NSE and BSE, may face profit declines if the SEBI implements proposed clearing house ownership changes. The regulator suggests diversifying ownership for market stability, impacting bourse earnings. Two options are proposed: a 100% sell-down or a phased reduction to 15% ownership. This adds to revenue pressures from stricter derivatives trading rules.
Volumes spurt at Capri Global Capital Ltd counter (25-11-2024)
Capri Global Capital Ltd notched up volume of 28.76 lakh shares by 14:14 IST on NSE, a 21.55 fold spurt over two-week average daily volume of 1.33 lakh shares
Emkay cuts Nifty target to 25,000 but says earnings downgrades not alarming (25-11-2024)
Despite the 10% correction in the Nifty benchmark index since September 27, Emkay anticipates markets to remain steady in the near term. The firm maintains an overweight position on IT and energy sectors while underweighting financials and staples, consistent with its sectoral preferences.
These 2 smallcap stocks have zoomed over 60% thus far in November (25-11-2024)
Shares of Vimta Labs surged 15 per cent to Rs 878 and WPIL rallied 9 per cent to Rs 648, hitting their respective new highs on the BSE in Monday’s intra-day trade.
Adani Group’s debt-to-EBITDA hits 2.46x in H1 FY25, backed by Rs 53,024 crore reserves (25-11-2024)
The Adani Group reported a rise in its net debt-to-EBITDA ratio to 2.46 times for the first half of fiscal 2025, exceeding its guidance range of 3.5-4.5 times. This reflects the group’s ambitious growth, offset by increased leverage. Despite this, the group maintains strong liquidity, with cash reserves of Rs 53,024 crore, sufficient to cover 28 months of debt repayments. The debt-to-EBITDA ratio increased from 2.19 times in FY24 to 2.46 times in September 2024.
Coal India, Tata Elxsi among 4 stocks to be wary of as market bounces back (25-11-2024)
Coal India, Tata Elxsi, Schaeffler and ELGI Equipments have witnessed a ‘Death Cross’ pattern on the daily chart; hence are likely to face downward pressure going ahead.