ETMarkets SME Talk: Multibagger SME stock! This marine engineer who believed in India dream took company from Rs 50 cr-Rs 1500 cr
We were bidding for larger value orders. During the last 2 years we secured the order from Ministry of External Affairs (MEA) for dredging at Sittwe Port, Myanmar for an amount of Rs. 117 Cr and Rock Dredging at Mangrol Fishing Harbour from Dredging Corporation of India at an order value of Rs. 67 Cr.
Should you buy, sell or hold Titan shares after better-than-estimated Q4 results?
Titan reported higher-than-estimated Q4FY23 earnings with a standalone net profit of INR 734 crores, up 50% YoY, and a 33% YoY surge in revenue to INR 9,704 crores. The future outlook for the company remains mixed, with Phillip Capital maintaining a ‘Buy’ citing the company’s long-term drivers remaining intact, whereas Emkay prefers to remain conservative […]
Positive Breakout: Havells India among 6 stocks that crossed their 200 DMAs
In the Nifty500 pack, six stocks’ prices crossed above their 200 DMAs (Daily Moving Averages) on May 3, according to stockedge.com’s technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA […]
Big Movers on D-St: What should investors do with InterGlobe Aviation, BHEL and Apar Industries?
The Indian markets closed in the negative zone on Wednesday in line with weak international cues. The S&P BSE Sensex ended the day down by more than 100 points, while Nifty50 maintained the level of 18,000 points. The telecom, IT, oil & gas, and energy sectors saw selling, while FMCG, realty, and consumer durable shares […]
ETMarkets Smart Talk: Corporate profits & fair valuation boosting markets: Siddharth Oberoi
Corporate decision-making would benefit from interest rate stability. I think markets are rising as a result of fair valuations and rising corporate profits.
Dollar falls after Fed signals pause; banking woes dent confidence
The Fed on Wednesday raised its benchmark overnight interest rate by a quarter of a percentage point, as expected, but in doing so dropped from its policy statement language that it “anticipates” further rate increases would be needed.
Analysts cut Ambuja targets on weak prospects, rich valuations
“Near-term growth to remain low,” said Morgan Stanley in a client note. However, the US Brokerage firm remains positive on the medium-term prospects and believes the profitability should improve with the group’s synergies and expansion plans.
IndiGo soars on GoAir woes, and could gain more
IndiGo enjoys more than 55% market share, retaining its number one position. The airline is expected to gain further foothold in the Indian aviation sector. Unlisted Air India and Vistara, both Tata Group airlines stand at second and third spot with a market share of 8.9% and 8.7%, respectively.
Three Go First lenders open to rejigging airline’s debt
The restructuring will avoid lenders suffering a significant write-down as the loans and debt facilities are currently classified as standard accounts. The lenders have previously refrained from providing new loans, partly due to Go First’s losses and difficulties with bankrupt airlines, Jet Airways and Kingfisher Airlines.
Sebi considering performance-linked incentives for MFs
If the committee finds any merit then the proposal can be taken for further discussion through a consultation paper,” Ananta Barua, whole time member, Sebi, said at the CII Mutual Fund Summit. Barua said a performance linked incentive is part of various other proposals, related to the total expense ratio, being reviewed by the regulator.