US Stock Reports, Quotes and News
Shares of railway PSU stocks RVNL and IRFC surged on Tuesday, with RVNL jumping 8% to Rs 322 and IRFC rising 5% to Rs 181 on the BSE. This rally was triggered by the Q4 profit growth reported by these companies. Additionally, IRCON International shares soared 8% to a new high of Rs 296 ahead of its Q4 results, scheduled for release today.
Recent IRDAI regulations in India aim to empower senior citizens through accessible health insurance options, including coverage for Ayush treatments, aggregate deductibles for cost-sharing, and comprehensive rider packages for additional benefits. Assessing needs and selecting the right plan are essential for personalized and comprehensive health coverage.
Kaynes Technologies\’ shares have surged over 40% in the past three trading sessions on the BSE following the company\’s robust performance in the January-March quarter. Today, the stock saw a further spike of 12%, reaching a 52-week high of Rs 3,638.4. In Q4 FY24, Kaynes Tech reported a significant increase in consolidated net profit, soaring by 96.8% year-on-year (YoY) to Rs 813 crore.
Shares of the PSU stock Bharat Dynamics Limited (BDL) have witnessed a remarkable surge, increasing by a little over 46% in the past six days. On Tuesday, the stock rose by 10% on the BSE, reaching a new all-time high of Rs 2,689. This surge in share price comes as the company approaches its record date for a 1:2 stock split, scheduled for May 24th.
Japan\’s Nikkei share average dropped 0.31% to 38,946.93, impacted by investors anticipating U.S. chipmaker Nvidia\’s earnings. Daikin Industries and SoftBank Group declined, while chip-related shares like Advantest and Tokyo Electron rose. Insurers MS&AD Insurance Group and Tokio Marine Holdings also saw notable movements.
European stocks slipped 0.3% as U.S. Federal Reserve officials cautioned on interest rate cuts. The STOXX 600 index saw gains in healthcare stocks offset by losses in banks and utilities.
Aditya Sood, Fund Manager at InCred Asset Management, analyzes the impact of NDA\’s performance, FPIs\’ net selling, and the attractiveness of MSCI China index on Indian markets. He highlights the crucial role of these factors in shaping investment decisions. Sood says: \”Over the next decade, India will be a buy on dip market — all corrections should be used as buying opportunities to increase allocation to equities as an asset class.\”
Hardick Bora discusses the state of the PSU banks versus the private banks, Nifty 50 Index, Fair Value Spectrum, small and midcap funds, and asset allocation strategy for moderate risk profiles. Bora says: \”An election outcome with continuity of the current administration may strengthen the sentiments of local as well foreign investors.\”
Utpal Sheth envisions India\’s terminal value in 2024 as a continuation of the structural and secular bull market, with a higher probability of success. He emphasizes the long-term perspective and the ongoing evolution of India\’s market positioning within the global landscape. Sheth also talks about terminal value investing, where they are pursuing a very different value.
Deven Choksey discusses the potential tariff hike in the telecom sector and the strategies of Jio and Vodafone Idea. He emphasizes the importance of data consumption and the need for investments in infrastructure for companies to stay competitive in the market. Choksey also says: \”The likes of Bajaj Finance, Kotak are looking like some of the smartest of the lot within the investment portfolio.\”
Vishal Malkan plans to buy Astral and MCX after a 5% dip. RVNL near Rs 340 resistance, poised for an upside breakout. Consumer durables, metals sectors show momentum with VEDL, Jindal Steel. Reliance Industries and SJVN are also in focus. Malkan prefers to stick to VEDL, Jindal Steel and Motherson Sumi, Ashok Leyland, Tata Power, which are in momentum.
Government initiatives and rising energy demand are transforming the Indian power sector, offering investment opportunities with high growth and reasonable valuations. The sector\’s growth is fueled by a move towards renewable energy sources, positioning India as a major player in global energy markets. A strong correlation exists between GDP growth rate and power consumption.