Big movers on D-Street: What should investors do with RIL, Medplus and Page Industries?
Positive macroeconomic data and normal monsoon forecasts boosted equity markets at the end of last week, with IT, realty and FMCG all seeing gains. RIL saw a 3% rise, but Page Industries saw a drop of 8.78%. Senior Technical Analyst, Swastika Investmart, Pravesh Gour, recommends buying RIL stocks as it has seen a breakout of […]
ETMarkets Smart Talk: Vinay Jaising decodes 3 reasons why India could outperform global peers in 2H2023
We are now trading at 20 x F2024 earnings, which is in line with our 5-year average multiples. However, if we were to look at YTD numbers, MSCI India is down 2%, underperforming NASDAQ by 23% and MSCI World by 10% and MSCI EM by 4%.
ETMarkets PMS Talk: This Rs 400 cr fund manager decodes methodology of 10x return in 10 years
We have crafted a strategy to pick stocks. The system has proven over time that it will pick best performing stocks and sectors in the portfolio, with our formula of PPP i.e. Price, Profits and People.
RIL shares out of consolidation, can rally another Rs 200: Anand James
Positive news flow on Jio as well as Reliance consumer products apparently boosted the sentiments for the stocks, which had been dominated by bears post the first half of May.
Biden and McCarthy finalize US debt deal, say confident it will pass
The compromise after weeks of intense talks offers a path back from the precipice, even as the clock is still ticking down to the June 5 “X-date” when the Treasury estimates there might not be enough cash to pay bills and debts.
Angel Tax on multinational companies may bedevil FDI
The government provided a blanket exemption from angel tax to various structures such as pension and sovereign wealth funds, among others investing in India from 21 countries, but corporate entities were left out, making them potentially liable to the levy.
Traders gear up for riskier assets
The US dollar, which has benefited from angst around the statutory borrowing limit, will be in focus as another week of trading begins at 5 a.m. Monday in Sydney. Liquidity is set to be thin with US and UK markets closed Monday for national holidays, although futures contracts referencing US Treasuries and the S&P 500 […]
Baring EQT set to buy Credila for up to $1.5 billion
The buyout fund will be buying 90% of the company, with the housing finance company retaining a 10% stake that it may sell over a two-year period. A formal announcement is expected by June end, ahead of the mega merger between HDFC Bank and HDFC to create the world’s fourth-largest bank. Both sides are finalising […]
Medanta’s net rises 5-fold to Rs 101 crore in March Quarter
The Ebitda margins expanded 890 YoY basis points to 26.2%. Occupied bed days increased by 25.6% YoY, representing an occupancy of 58% on increased bed capacity.
A cross above 18,550 could take Nifty to 18,700-18,800
On weekly chart, the index has formed a long bullish candle forming a higher high-low than the previous week and has closed above the previous week’s high, indicating positive bias.