20 times return in 20 yrs: Nifty beats S&P, gold
Indian equity indices are currently on a bull run and analysts believe that India is a long-term story. The indices have remained resilient despite various announcements coming in on taxation in the budget and SEBI’s effort to reduce the speculative trading in the derivatives segment.In the last 2 months, Nifty has rallied by 1,000 points […]
Darne Ka Kya? Rakesh Jhunjhunwala family recalls his life mantra on death anniversary
On his second death anniversary, Rakesh Jhunjhunwala’s family and Rare Enterprises honored the legendary investor with a newspaper ad. Known as the ‘Big Bull’ of Indian stock markets, Jhunjhunwala’s mantra, ‘the less you fear, the more you gain,’ was spotlighted in a poem, reflecting his philosophy and legacy.
Tech View: Nifty traders awaiting breakout on either side. Here’s how to trade on Friday
The market recently broke below the crucial support of the ascending trend line, and the significant gap down on August 5th remains unfilled, indicating a negative outlook. A decisive drop below 23,900 could lead to a short-term downward correction. The immediate resistance is at 24,250-24,300 levels, according to Nagaraj Shetti of HDFC Securities.
SC diktat on past dues of mines will adversely impact job creation, lead to NPAs: Chakri Lokapriya
Chakri Lokapriya points out that the Supreme Court’s ruling on past dues of mining dues will result in significant financial burdens for both PSUs and private companies, totaling Rs 1,60,000 crore over the next 10-12 years. This will impact their capital expenses, job creation, and increase non-performing assets in the banking sector.
Long-term, Nazara should continue to see healthier margins and faster growth: Nitish Mittersain
Nazara Technologies, led by Nitish Mittersain, reported continuous profits for the 14th quarter post-IPO. Investments in user acquisition, particularly for Animal Jam, resulted in revenue growth but compressed margins. The company focuses on acquisitions like Kiddopia to fuel future growth and aims to achieve Rs 300 crore EBITDA by FY27.
Demat accounts: Groww market share crosses 25%, Zerodha continues to lose
According to Motilal Oswal, the market share of Groww stood at 25.1% after rising 41 bps MoM. At the same time, Zerodha’s market share went down by 25 bps to 17.1% in July. Angel One also continued to attract investors as the market share of the third largest player in the industry rose 9 bps […]
Apollo 24/7 GMV to go up to Rs 1,000 cr per quarter over next 18 months: Suneeta Reddy
Apollo Hospitals’ Suneeta Reddy forecasted a 5% price impact for next quarter, citing the recent muted performance from elections and a heatwave. Regional occupancy and margins varied, with Nashik serving as a referral center. Apollo 24/7 aims for Rs 1,000 crore quarterly in six quarters. AHLL is on an improving revenue trajectory despite new centers […]
5 lessons from Rakesh Jhunjhunwala’s investment philosophy on his 2nd death anniversary
Rakesh Jhunjhunwala, also known as the Warren Buffett of India, passed away two years ago. Renowned for his long-term investment strategy and faith in competent management, Jhunjhunwala managed Rare Enterprises. His legacy emphasizes patience, pragmatism, and learning from mistakes, guiding modern investors today.
Ola Electric shares in focus ahead of Q1 results; stock up 49% since listing
Ola Electric shares, up 49% since their listing, are in focus as the company prepares to announce its first-quarter results for FY2025. The board’s first post-listing meeting is scheduled for August 14, where the Q1 results for FY2025 will be revealed.
Hindalco net debt negative in India; in Q2, EBITDA per tonne to come in a bit lower than in Q1: Satish Pai
Hindalco reported higher-than-expected sales for the quarter, driven by strong demand and operational efficiency. Consolidated EBITDA soared 31% year-on-year to Rs 7,992 crore. MD Satish Pai stated that the company will stick with its Rs 600 crore guidance, focusing on profitability rather than top-line growth as aluminium prices influence revenue unpredictably.