HSBC picks banking, consumption, IT as top investment themes for 2024
The premium valuation of Indian equities at 20X forward earnings is well supported by its high RoE of 16% — well above the 10.7% Asian regional average ROE — the HSBC release said quoting its CIO.
How an election-packed 2024 could swing India, US & other world markets
Markets face a “ballot box bombshell”, financial services group Morningstar says, adding: “prior experience of this kind of event risk shows big changes can cause sell-offs”.
Tech View: Nifty forms Bullish Piercing candle ahead of Thursday expiry. What traders should do
“We are of the view that, 20-day SMA or 21,500/71,250 could act as a sacrosanct support level for the traders. Above the same, the pullback formation is likely to continue. Above which chances of hitting 21,720-21,760/71,900-72,100 would turn bright. However, below 20 day SMA or 21,500/71,250 the selling pressure is likely to accelerate. Below which, […]
HCL Tech shares surge over 3% ahead of Q3 results this week. What brokerages expect
We expect HCL’s Q3FY24 revenue to grow in the mid-single digits QoQ driven by the Verizon deal ramp-up, the additional contribution from the ASAP Group acquisition for two months, and the seasonality benefits in the Products and Platform (P&P) business.
Medi Assist Healthcare IPO price band fixed at Rs 397-418 apiece
Medi Assist Healthcare IPO: In the OFS, promoter Vikram Jit Singh Chhatwal and promoter group entities Medimatter Health Management and Bessemer Health Capital will offload part of their stakes.
More than half of Nifty companies to report double-digit PAT growth in Q3; what should investors do?
Kotak Institutional Equities expects a 12% year-on-year (YoY) growth in the cumulative profit of Nifty 50 companies, and Motilal Oswal Financial Services has pegged it at 10%.
Jyoti CNC Automation IPO sees healthy response on Day 2
The initial public offer (IPO) of Jyoti CNC Automation was subscribed 3.24 times so far on Wednesday, the second day of the bidding process. The issue closes tomorrow.
Rs 10 lakh to invest in 2024? Allocate 80% to equity and add some REITs: Srikanth Subramanian
Srikanth Subramanian says: “In 2024, if the much-anticipated rate cuts do happen, one factor of uncertainty would be behind us. So, a majority of the money getting freed up from treasuries or fixed income per se will tend to move to equities. And with Gold having a yearly outlook is quite challenging, largely because gold […]
Rs 4,770-crore jolt! Power sector biggest casualty of FPI selling in Q3
FPIs sold power sector stocks to the tune of Rs 2,869 crore and Rs 2,952 crore in October and November, respectively after a massive Rs 9,731 crore selloff in September. Although, they re-entered the sector in December to buy shares worth Rs 1,051 crore.
Ayodhya Ram Mandir becomes new investing theme. 6 stocks in focus
The euphoria over Ayodhya Ram Mandir inauguration has also caught the attention of Dalal Street investors. Most of the stocks that have moved up in anticipation of the surge of tourists in Ayodhya are from the smallcap space and therefore investors must be careful while chasing momentum as liquidity can be a challenge. Here’s a […]