Are HDFC Bank\’s best days over? FIIs & mutual funds are confusing investors
HDFC Bank investors face uncertainty as FIIs and mutual funds sell off shares, triggered by RBI actions and merger fears, despite optimistic outlook from analysts.
Month: May 2024
Suzlon Energy shares under pressure post Q4 results; brokerages raise target price to Rs 54
Suzlon Energy shares dipped 2% to Rs 45 after a 21% decline in Q4 net profit to Rs 254 crore. The consolidated net profit for 2023-24 fell to Rs 660 crore while total income rose to Rs 2,207.43 crore. Analysts from ICICI Securities and JM Financial are bullish on the stock.
Divi’s Laboratories shares rally 5% post Q4 results. Should you buy, sell or hold?
Divi’s Laboratories saw a 5% surge in its shares on the BSE during Monday\’s trading session, reaching a new 52-week high of Rs 4,335. This rise came as brokerages such as Motilal Oswal and InCred expressed bullish sentiment towards the stock, following the company\’s impressive performance in Q4, where it reported a 68% year-on-year increase in profits, reaching Rs 538 crore.
RVNL shares jump 8%, hit 52-week high on winning order from Nagpur Metro
In Monday\’s trading on the BSE, shares of Rail Vikas Nigam (RVNL) surged 8%, reaching a new 52-week high of Rs 399.7. This increase followed the company\’s success in securing the lowest bid for a project by the Maharashtra Metro Rail Corporation (Nagpur Metro).
Cochin Shipyard shares surge 10%, hit record high post Q4 results
In Monday\’s trading session on the BSE, shares of state-run Cochin Shipyard soared 10% to reach a new all-time high of Rs 2100. This surge followed the company\’s announcement of a substantial increase in its consolidated net profit to Rs 258.88 crore for the March 2024 quarter, driven by higher income. In comparison, the company had reported a profit of Rs 39.33 crore in the corresponding period last year.
If BJP loses power Nifty valuations can crash to pre-NDA levels, warns UBS
In case the ruling BJP fails to retain its single majority but forms a govt with the NDA with a majority (> 272 seats), then the market can be slightly less confident about policy stability as fiscal consolidation could be slower than envisaged. Historically, any underperformance triggered by poll results tends to reverse in the medium to long term, as Street and businesses adapt to new government policies.
EQT raises $1.6 bn mid-market growth fund; India to be one of the focus markets
Swedish investment group EQT has raised $1.6 billion for its latest fund – BPEA EQT Mid-Market Growth Partnership (MMG Fund), focusing on high-growth mid-market companies across Asia, led by Jean Salata, Chairman of EQT Asia.
What are the three pockets of opportunities going forward? V Srivatsa explains
V Srivatsa, Fund Manager and Executive V-P at UTI AMC, sees opportunities in private banks, healthcare, and FMCG sectors amidst market volatility and election outcome uncertainties. Srivatsa also says that he is quite positive on is commodities because that has seen a very sharp run-up in the prices which will start reflecting in the coming quarters.
Crypto Talk: Election year economic policies could propel Bitcoin to new heights, predicts Rajagopal Menon of WazirX
2024 is projected to be a significant year for cryptocurrencies with government spending expected to rise, leading to a potential reduction in interest rates. Bitcoin\’s price surge post-halving is driven by factors like institutional demand and cyclical patterns. Rajagopal Menon says no one who has held Bitcoin for more than 4 years has ever lost money. Systematically buying Bitcoin every month, similar to investing in a mutual fund, can be an effective strategy.
ETMarkets AIF Talk: Fund Manager of Rs 1200 cr AUM reveals 4 key factors for wealth creation in small & midcaps
Aditya Sood, Fund Manager at InCred Asset Management, discusses small companies\’ growth potential in an interview with ETMarkets. Sood says that the cost of capital in India will structurally decline over the next 5-7 years, benefiting small and mid-cap companies. Many of the investee companies, though small in size, are already market leaders or challengers in niche industries with substantial growth potential
Risk-reward out of favour but a collapse less likely in pre-election week: Anand James
Anand James shares insights on specific stocks like HAL, Coal India, BEL, and the impact of oil refining companies on PSU stocks. James says volatility has been persistent and VIX has been holding steady in the vicinity of or above 20 for nine days. Downside marker may be placed at 22983, for an aggressive positioning, with further support seen at 22800.
What to do with Zomato, Cochin Shipyard and 4 other stocks? Aamar Deo of Angel One decodes
Ahead of the June 4 general election, India VIX nears 30, causing high volatility. Analyst advises caution in investing light amid market rally driven by Modi and Amit Shah\’s statements. RBI\’s record dividend payout boosts market sentiments. Watch Nifty and Bank Nifty levels for market trends. Consider diversifying among large caps, midcaps, and small caps.