FANGMAN isn’t haunting Indian investors as optimism for growth continues
FANGMAN includes seven of the biggest tech companies or tech mega-caps of the world — Meta (Facebook), Amazon, Netflix, Alphabet (Google), Microsoft, Apple and Nvidia.
This multibagger zoomed over 10,000% in 10 years! Why brokerages see up to 100% further upside
The stock crashed 20 per cent for straight two sessions after the company posted a massive 81 per cent year-on-year (YoY) fall in consolidated net profit to Rs 100.4 crore in the June 2022 quarter. It had registered a net profit of Rs 539.2 crore in the corresponding period last fiscal.
Can Divi’s maintain its premium valuation amid headwinds?
Indian pharma companies have been struggling to maintain margins because of strong headwinds. Due to increased competition, pharma companies are experiencing price erosion in the market, resulting in sluggish growth. While price erosion is not the only issue at hand, China’s lockdown that caused supply chain disruption, the rise in raw material prices, and the […]
What is fueling a rally in Bajaj Finance post Q1? Here’s what brokerages say
Bajaj Finance reported a 159 per cent year-on-year (YoY) rise in consolidated net profit at Rs 2,596 crore, its highest ever, for the June quarter compared with Rs 1,002 crore in the same quarter last year.
Bajaj Finserv announces stock split, bonus issue for shareholders
The company’s board has approved the sub-division of equity shares in 1:5 ratio, which means each share of Bajaj Finserv having a face value of Rs 5 will split into five shares with a face value of Re 1 each.
Social media scam artists prey on India’s amateur investors
It’s an increasingly fraught topic around the world. Securities regulators from Spain to Australia are mulling ways to enforce restrictions against social media influencers. Earlier this year, SEBI shut down a Telegram channel called “Bullrun2017” that purported to specialize in penny or small-cap stocks. Group administrators bought shares of small companies, recommended them to their […]
Stocks to buy today: 6 short-term trading ideas by experts post US Fed rate hike
“Even after the 75 bps consecutive rate hike by the Fed and indication that “another unusually large increase would be appropriate in the next meeting” the US markets staged a smart bounce back with S&P 500 and Nasdaq rising by 2.62% and 4.06% respectively,” Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, […]
Should you buy, sell or hold Maruti Suzuki after Q1 results?
Mitul Shah, Head of Research, Reliance Securities expects the domestic PV industry to record double-digit volume growth in FY23 and FY24, which would support Maruti’s business. Moreover, sales of premium products would further increase.
Brokerages raise price targets on Asian Paints
“Asian Paints’ strong revenue delivery and market share gains are impressive; however, rich valuation at 57 times FY24 estimated earnings per share, especially in the context of Grasim’s impending entry limits any upside,” said Axis Capital.
Oil prices edge up on low inventories, high gasoline demand in U.S
On the demand side, the U.S. Federal Reserve raised its benchmark overnight interest rate by three-quarters of a percentage point, in line with expectations, to cool inflation, while the dollar fell on hopes for a slower hiking path.