Hot Stocks: Brokerages on RIL, PolyCab India, Kajaria, Tata Steel and SAIL
Consumer businesses are likely to drive growth for Reliance Industries. However, there is an upside risk to 02C earnings, said the note. RIL outperformed Nifty by 4% in the year 2022. The global investment bank forecasts 18% EBITDA growth in FY24E with 21% growth in retail.
Margins will go back to double digit territory for tyre companies: Mitul Shah
In terms of demand side, there is a strong order book for OEM PV but semiconductor issue is restricting the production. But still demand remains reasonably strong on that side.
Stocks to buy or sell today: 7 short-term trading ideas by experts for January 6, 2023
“Options data suggests a broader trading range in between 17700 to 18500 zones while an immediate trading range in between 17850 to 18250 zones,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.
ETMarkets Smart Talk: We expect 2023 to be a year of recovery for economy, businesses and capital markets: Anand Dalmia
Right from global runaway inflation, elevated interest rate environments, Russia-Ukraine geopolitical crisis, and consequently fractured trade ecosystems tested investor resilience to great extent.
Why Aishvarya Dadheech is a contra buyer in midcap IT
“Any investors who want to make a healthy allocation to IT, possibly this is the right time to add to the high quality IT stocks over the next couple of quarters and stay put for the next two to three years. This is the same strategy which we applied into the banking and financial services […]
Big Movers on D-St: What should investors do with Apollo Tyres, Bajaj Finance and Bajaj Finserv?
The company’s quarterly update on Wednesday sent the stock lower. The stock was already quoting at expensive valuations and failed to meet expectations. The punishment was severe, and it broke all-important support and closed below the 20 and 10-day SMA.
Revenue growth of telcos likely to be sluggish in Q3
JPL’s profit after tax (PAT) for the quarter is expected to be flat at ₹4,753.8 crore as the company recognises a portion of 4G spectrum cost, said ICICI Securities. The firm expects Bharti Airtel to benefit from lower forex in the quarter, pushing its PAT up nearly 49% quarter-on-quarter to ₹3,194.5 crore. I-Sec pegged Vi’s […]
Many FPIs coming via tax-friendly countries asked to pay tax on dividend
The Income Tax department had sent queries to these offshore entities asking why their dividend incomes should not be taxed. Foreign funds, which were unable to demonstrate ‘commercial substance’ to it, have been denied the tax treaty benefit. An entity is said to fulfil commercial substance requirements, if it has an office, working staff, cash […]
Vedanta’s Rs 1,143-cr offer highest for Meenakshi Energy
The resolution professional set a threshold price of ₹1,143 crore – the price at which Vedanta submitted a bid. JPSL had previously offered ₹859 crore on a net present value basis, which was arrived at after discounting the future cash flows, the people said.
Bajaj Finance shares plunge over 7% as co reports moderation in loan growth
Analysts said slower growth has raised questions about the prospects of Bajaj Finance shares, which are considered expensive compared to other lenders.