Big Movers on D-St: What should investors do with IDFC First Bank, Nestle India, and ITC?
The top and bottomline of the corporation could increase by double digits though margins could be under pressure. Technically, the stock has broken out of Rs 322 on the monthly charts, and more gains are anticipated.
Tesla quarterly profit jumps, but revenues miss estimates
Tesla is on pace for a 50 percent increase in production this year, but could fall shy of that goal when it comes to getting the cars to buyers, chief financial officer Zach Kirkhorn said on the call.
Stocks in the news: IndusInd Bank, Bajaj Finance, Asian Paints, ITC and more
Asian Paints will announce its quarterly numbers today. Helped by the increase in prices as well as continued gains in market share, the paint manufacturer is expected to log double-digit growth in sales.
Top stock picks for Samvat 2079
With heightened geopolitical concerns, elevated inflation, and continued rate tightening by central banks keeping investors on the edge, a broad-based bull run in the new Samvat seems unlikely. But analysts said some stocks could still emerge as winners.
IndusInd’s Q2 net profit surges 57%
CEO Sumant Kathpalia said the bank disbursed a record ₹10,660 crore of vehicle loans and ₹9,700 crore of micro finance loans, helping boost its assets that included a 24% year-on-year growth in corporate advances.
Famed 60/40 portfolio is so beaten down it’s almost cheap again
We were coming off historically high valuations for both equities and fixed income,” Marvin Loh, senior macro strategist at State Street Global Markets, said in an interview. But the strategy could soon start to do what it’s supposed to do, he added, “because you’re getting in with fixed-income valuations that make a whole lot more […]
Mighty dollar sinks all, rupee breaches 83
The rupee Wednesday slid to a new low of 83.02 amid minimal intervention by the Reserve Bank of India (RBI). The local unit lost 0.80% against the US dollar, showed Bloomberg data compiled by ETIG.
Mutual fund cash holdings rise amid rising uncertainties, rich valuations
The top three fund houses in terms of cash holding are PPFAS (holding of 15.9%), Axis (10.2%) and SBI (10%). There are several reasons for higher cash holding. First, the broad market seems to be richly valued. The benchmark Nifty 50 index at present trades at a price-earnings multiple of 21, which is 13% premium […]