ICC World Cup & Investing: Portfolio with only Virat Kohlis will fail in bowling session
“Like an all-rounder brings flexibility to a cricket team, equities can offer growth potential. Bonds, like a dependable batsman, can offer stability. Commodities, similar to a bowler, can provide a hedge against inflation. Real estate, analogous to a fielder, can add tangible assets to the mix. To illustrate, consider a team of only Viral Kohlis […]
Bank of Baroda board to meet on November 18 to consider infra bond issue
According to news reports, the public sector lender is looking at raising about Rs 10,000 crore through infrastructure bonds. As of September-end, the bank’s capital adequacy ratio as per Basel-III requirements was 15.30%, compared to 15.25% a year ago. The CET 1 ratio stood at 11.57%, compared to 10.95% a year ago. The additional tier-I […]
Tech View: Nifty’s next hurdle at 19,850-20,050. Here’s what traders should do on Thursday
The short-term trend of the Nifty remains positive. Having moved above the key resistance of around 19,600 levels, there is a possibility of Nifty advancing towards the next set of hurdles of around 19,850 and the next 20,050 levels in the near term. Any dips down to the immediate support of 19,500 could be a […]
ASK Automotive shares debut at 8% premium. Should you buy, sell or hold?
Following the listing today, expert Shivani Nyati, Head of Wealth at Swastika Investmart recommended a hold on the counter with a medium-to-long-term view while suggesting a stop loss at Rs 290. The IPO came at a PE valuation of 45.63X, which she said was reasonably priced.
Chart Check: Contra buy? Down 30% from highs but channel breakout on weekly charts makes City Union Bank an attractive buy
As long as the stock stays above 136-140, bulls will be able to make a comeback, suggest experts. If the momentum continues, the short-term target is placed around 160, they say.
UBS is calling time on Indian stocks’ outperformance over China
Stocks in China have currently priced in “lots of negatives,” making them poised for a sharp rebound when catalysts arrive, said Sunil Tirumalai, UBS’ global emerging market strategist. Meanwhile, earnings-based valuations for Indian shares are already at “fairly extreme levels.”
Siemens AG to buy Siemens Energy’s stake in Indian unit for €2.1 billion
September quarter shareholding pattern shows that Siemens Energy owned a 24% stake in Siemens Ltd, while Siemens International owned 47.70% in the company. The remaining 3.3% stake is owned by Siemens Metals Technologies, which is also a promoter group company.
MSCI Rejig: Suzlon, IndusInd Bank, Paytm & 6 other stocks included in India Standard index
A lion’s share of the inflows is likely to be lapped up by IndusInd Bank at $290 million followed by Suzlon at $264 million and Persistent Systems at $254 million, the Nuvama report said. The remaining stocks could see inflows between $227 million and $160 million in the pecking order.
Hot Stocks: Brokerage view on Indiabulls Housing, Grasim, Ashok Leyland and M&M
Morgan Stanley maintained an overweight rating on Grasim Industries with a target price of Rs 1985.
India’s Q2 GDP growth seen at 6.7% on strong services play
Robust manufacturing and construction activity also likely contributed to growth in the second quarter, economists said. Forecasts ranged from 6.2% to 7%. The economy grew 7.8% in the April-June quarter and 6.2% in the July-September quarter last fiscal.