US Stock Reports, Quotes and News
I think in the last 15-20 years, since I have been—18 years to be precise—since I have been looking at the market, I have never seen this kind of bullishness and fundamentals as strong as we have right now.
TCS reported Rs 62,000 crore revenue with a 24.6% margin due to execution delays and profit decline. Mahantesh Sabarad is optimistic, recommends Tata Tech for midcaps. Accenture sees high deal flow but delays. US dollar revenue at $7.5 billion. AI improves IT support, cyber security; SG&A expenses impact margins. Enterprise solutions might decline, back-end services to grow.
My sense is that ultimately the 10-year, even by the end of next year, goes till say about 3.5%, that is an attractive number for US investors, but that is not attractive enough for them to really open the floodgates investing into emerging markets.
The results do not do much for the stock. It creates a moderate upside in the near term in my view because the TCV order bookings were strong over the last two quarters. This quarter has been a bit lower than expected, but then the past orders could start getting implemented going forward.
We all debate what are the risks in the market, what can go wrong in the markets, the fact of the matter is the large corrections in market do not come because of the known risks, generally they come from the unknown risks.
Most companies think of growth in a very finite way. But in new-age business models, maybe networks and platforms, the marginal costs are constantly dropping or are very-very low and therefore the returns to scale are phenomenal. The marginal value creation of adding one customer is so massive in the context of the cost of acquiring that customer. So, we know that a lot of venture capital funds use LTV to CAC as a framework of looking at companies.
Since the oil and gas production growth will be very strong for Oil India and the momentum is expected to continue for some more time. Another stock is Gujarat Gas, which is in city gas distribution. After the monsoon, construction activities will pick up again and we will see that industrial offtake for Gujarat Gas will improve. Oil India and Gujarat Gas are the two top picks in the sector.
In a rare move, the Reserve Bank of India (RBI) has raised concerns about Asheesh Pandey\’s conduct as an executive director at Bank of Maharashtra, influencing his candidacy for MD & CEO at Indian Bank. The RBI highlighted issues related to regulatory compliance during a 2023 exit meeting. Despite being shortlisted, Pandey\’s final approval hinges on the Appointments Committee of the Cabinet (ACC), which includes the Prime Minister and Home Minister. The decision awaits responses from the finance ministry and Department of Personnel and Training (DoPT) following RBI\’s communication.
Bank credit grew 14% while deposits grew 11% year-on-year, highlighting concerns over asset-liability mismatches. RBI emphasizes the need for banks to address the gap. Governor stresses the importance of maintaining a balance between assets and liabilities.
The NSE Nifty rose 186.20 points, or 0.77%, to close at 24,502.15, having hit a lifetime high of 24,592.20 during the day. The BSE Sensex rose 622 points, or 0.78%, to end at 80,519.34, down from an intraday record of 80,893.51.
\”We will have one private round before the IPO. That will be our last private fund raise after which we will prepare for the IPO,\” said Madhusudan Ekambaram, co-founder & CEO, KreditBee. \”The private round will happen within one year from now. After which we will look for the correct market conditions to list, and if the prevailing conditions continue it could happen one and a half years from now.\”
\”There was a significant bearishness in the IT sector among investors before the results with expectations of deteriorating outlook,\” said Kumar Rakesh, analyst – IT & auto, BNP Paribas. \”Given the level of bearishness, investors have taken slightly better results and positive outlook as materially positive.\”