Road ministry capex surpasses Rs 3 lakh crore in 2023-24

Ministry of Roads Transport and Highways achieved a record capital expenditure in 2023-24, constructing 12,349 km of national highways. Despite exceeding capex targets, project awards and constructions fell short of initial goals.

We have exited Paytm, Zee; go for these 3 stocks now: Sanjiv Bhasin

Sanjiv Bhasin advises on market caution amidst potential toppish indications, discusses financial outlook, buying opportunities, UPL divestment, GAIL performance, Indiabulls Real Estate capital infusion, share price targets, and banking sector performance. Bhasin also says that they have exited Paytm and Zee as their underperformance could continue for a longer time.

Jefferies initiates coverage on 2 wealth management companies; stocks surge up to 5%

The global brokerage believes wealth managers are well-placed to ride on India’s economic growth and financialization of savings, especially in capital markets. Leading players will benefit from strong inflows and operational efficiencies to deliver 20-22% profit CAGR over FY24-27E. A rise in the share of trail fees (70-75% by FY27E) improves earning visibility and supports […]

Does the gold rally have more steam left?

Gold rally defies norms amid US debt rise and stable Debt to GDP. Global geopolitics and de-dollarisation fuel surge. Central banks favor gold, affecting Fed. US interest expense rises, impacting treasury issuances and long gold positions.