LTCG hike, indexation changes not done for revenue considerations, but to simplify & make sure all asset classes are treated similarly: FM
Finance Minister Nirmala Sitharaman explained that the new 12.5% long-term capital gains tax would cost less without indexation. She highlighted middle-class benefits, including increased standard deductions and subsidies on student loans and housing. She denied political favoritism in budget allocations and affirmed the government’s commitment to anti-corruption measures. Sitharaman urged people to consult the CBDT’s […]
L&T shares rise 2% after 12% YoY jump in PAT. Should you buy, sell or hold?
Larsen and Toubro (L&T)’s shares rose by 2% after it reported a consolidated net profit of Rs 2,786 crore for Q1 FY25. Revenue from operations saw a 15% YoY increase, driven by robust execution in projects and manufacturing. Orders grew by 8%, with strong momentum in the Middle East, per analysts insights.
Last date to buy! PFC among 34 stocks to trade ex-dividend on Friday
Following the implementation of the T+1 framework, dividends are distributed to shareholders listed in the company’s database on the record date. Normally, the record date and ex-date align unless a market holiday follows the ex-date. Under this framework, shareholders who purchase the stock at least one day before the ex-date qualify for dividends, with settlement […]
5 stocks Abneesh Roy is bullish on for near term
We expect that Asian Paints will see more hike in the coming weeks because that is the pricing power and they want to have margins in a more comfortable band of margins.
Q1 results today: Nestle, Tech Mahindra among 76 companies to announce earnings on Thursday
Companies like Adani Energy, Ashok Leyland, Canara Bank, Chalet Hotels, Cyient, Glenmark Life, Laurus Labs, L&T Foods, Mahindra Holidays, PNB Housing Finance, Venus Pipes, Vivanta Industries among others will also declare their results
India considering lifting restrictions on some Chinese firms
India considered easing investment restrictions on some Chinese firms to boost domestic manufacturing. Discussions were held on exemptions for hi-tech sectors like solar modules. Relations between the two countries had strained post-2020 border clash. The government’s Economic Survey report suggested attracting more Chinese investment to enhance manufacturing similar to East Asia.
Big movers on D-Street: What should investors do with Dr Reddy’s, Suzlon Energy and United Spirits?
Stocks that were in focus include names like Dr Reddy’s, which fell 0.79%, Suzlon Energy, which rose 5%, and United Spirits, whose shares declined 4.76% on Wednesday.
S&P and Nasdaq close at multi-week lows as Tesla, Alphabet weigh heavily
The S&P 500 and Nasdaq reached multi-week lows after disappointing earnings from Alphabet and Tesla. Investor confidence in megacap stocks was shaken, causing significant declines in both indices. The S&P 500 saw its worst performance since December 2022, while the Nasdaq had its biggest drop since October 2022. The Dow also posted a notable decrease.
Budget does not singe ITC with tax hike, shares top Rs 500-mark
After the budget, global brokerage Jefferies upgraded the stock from hold to buy and raised the target price to ₹585 from ₹435, citing ITC’s clear advantage. The stock, which surged 17% in the past month compared to a 3.6% gain in the Sensex, ended at ₹494 on Wednesday, up 0.4%.
Gold moving out of duty cloud brings shine to jeweller stocks
Shares of Kalyan Jewellers were the top gainer at 6.2%. PC Jeweller, RBZ Jeweller and Vaibhav Global rose between 1.7% and 5%. Titan inched 0.1% higher. TBZ fell 1.8% and Senco Gold fell 1.7%.