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.
Feeling the heat? These consumer durables stocks can offer cool returns
Market trading guide: SBI Cards, Castrol India among 4 stock recommendations for Wednesday
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.
Metal stocks jump up to 11%; Hindustan Copper, Vedanta & others hit 52-week highs
Hindustan Copper soared 11% to hit its 52-week high of Rs 366.40 on the NSE. The stock traded amid significant volumes with over 4.80 crore shares changing hands on the NSE around 1:30 pm.
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 […]
Hottest Indian stock index also has the best earnings potential
Made up of potential candidates for the benchmark Nifty 50, the gauge has seen its forward profit estimates climb 20% so far this year, far outpacing the 3.5% increase for the larger gauge.
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.
Bain Capital likely sells 1.1% stake in Axis Bank via block deal
Bain Capital sold a 1.1% stake in Axis Bank for Rs 3,500 crore in a block deal. BofA Securities issued a term sheet, wherein Integral Investments South Asia IV, BC Asia Investments VII & III were looking to offload shares.
BofA resumes coverage on Paytm with ‘underperform’ rating
The company which operates Paytm is expected to witness a gradual growth in its lending business, the brokerage said in a review note.