After strong IPO response, Sanstar shares to debut tomorrow. Here’s what GMP suggests
Sanstar’s shares debuted on exchanges after a highly subscribed IPO. Expected to list at a 32% premium, the company planned to use the proceeds for expansion, debt repayment, and other needs. Sanstar, a major producer of plant-based specialty products in India, recorded considerable revenue and profit growth.
Indigo Q1 Results preview: PAT may decline by up to 28% YoY on weak load factor, Delhi T1 crisis
InterGlobe Aviation, India’s top airline by market share, was expected to see a substantial drop in its year-on-year net profit for Q1FY24 due to higher fuel costs, a weak load factor, and the Delhi T1 terminal roof collapse. Brokerage estimates indicated mixed sequential profit growth and varying revenue projections.
What does the Budget mean for common man, youth & industry? Nirmala Sitharaman explains
Finance Minister Nirmala Sitharaman addressed Congress’ claims that BJP has borrowed their ideas, highlighted job creation efforts, defended initiatives like internships and angel tax abolition, and discussed subsidies and reforms. She emphasized youth employment schemes and criticized Congress for past inaction. Sitharaman also commented on the humour in media portrayals.
7 smallcap stocks double investors’ wealth in FY25, backed by over 20 MF schemes
Seven smallcap stocks, held by more than 20 mutual fund schemes, have surged over 100% in FY25 to date. Overall, 16 small-cap stocks have achieved triple-digit gains in FY25.
DLF Q1 Results: Consolidated PAT jumps 23% YoY to Rs 646 crore, revenue falls 4%
Realty major DLF Ltd on Thursday reported 23% growth in its consolidated net profit at Rs 646 crore for the first quarter. It was Rs 527 crore in the last year quarter.
Tech View: 20-DEMA key support for Nifty. Here’s how to trade on Friday
Nifty ended Thursday expiry on a flat note but formed a bullish counterattack-type pattern on the daily chart despite a weak global trade setup. The index is currently holding immediate and key support at its 20-daily EMA, and maintaining this level will help attract bullish strength, according to chartists.
Capital gains tax hike can impact valuation, little upside left in Nifty: Nomura
Investors’ faith fueled Dalal Street’s high valuation multiples, but Nomura cautioned on potential headwinds if domestic equity flows drop due to tax hikes. Nomura’s 2024 Nifty target sees little upside. Key stock picks include SBI, ICICI Bank, and others. Sectors like housing, cement, and solar energy may benefit from budgetary changes.
Axis Bank shares fall nearly 6% after weak Q1 results. Good time to buy the dip?
Axis Bank Share Price: Axis Bank’s shares declined by 5.8% in early trading on Thursday, dropping to a day’s low of Rs 1,168.25 following its announcement of a lower-than-expected net profit of Rs 6,035 crore for the quarter ended June 30, 2024. The profit showed a 4% increase compared to Rs 5,797 crore reported in […]
How should investors trade in a faltering global market? Mark Matthews answers
The environment is good. Earnings growth this quarter will be probably around 10% and for the next few quarters it will also be in that range and rates are going to come down. And barring a recession, which I do not think is going to happen, the stock market should not fall too much.
Hot stocks: Brokerage view on United Spirits, Tata Motors, L&T, Axis Bank and Federal Bank
Nuvama upgraded United Spirits to buy, raising target price to Rs 1,630 from Rs 1,195, citing strong cost controls and healthy margins. Reasons include margin outperformance, growth potential in premium categories, upcoming festive season, H2 demand recovery, Karnataka tax benefits, Andhra policy changes, and potential India-UK FTA.