HAL shares jump 3% on reporting 77% YoY rise in Q1 PAT. Should you invest?
Shares of Hindustan Aeronautics (HAL) rose 3% to Rs 4,787.70 on the BSE after reporting a consolidated net profit of Rs 1,437 crore for Q1 FY24, a 77% increase from Rs 814 crore a year ago. Revenue from operations also grew 11% YoY to Rs 4,347 crore, up from Rs 3,915 crore.
ETMarkets Smart Talk: Sensex@80K! Sahil Kapoor recommends multi-asset allocation strategy for new investors
Sahil Kapoor from DSP Mutual Fund advised retail investors to prioritize a balanced investment approach combining equities and debt. He suggested a multi-asset allocation strategy, warned against high-risk investments like microcaps, and stressed the need for aligning investments with financial objectives. Kapoor highlighted the importance of focusing on quality and large-cap stocks.
Gautam Singhania sees great opportunity for Raymond and textiles industry in Bangladesh crisis
Gautam Singhania, Chairman & MD of Raymond, focused on the company’s strategic developments, including capacity expansion and debt eradication through selling the FMCG business. He shared insights on the post-COVID recovery, business demergers, and growth in real estate and textile sectors, noting timely project completions and the potential benefits from Make in India and shifting […]
Focus on large deals, AI crucial for Sonata amid short term hiccups
Sonata provides solutions to modernise the technology infrastructure used by clients across verticals including banking, financial services and insurance (BFSI), healthcare, retail, manufacturing, travel, media and telecom around the world. For the international business, the company has a high client concentration with top 10 customers contributing half of the segment revenue.
Money-making ideas! Strong stocks likely to return up to 50%
Analysts tracked about 400 stocks and identified 54 that could potentially deliver returns of between 20% and 50% over the next 12 months. This includes stocks like DCB Bank and Lemon Tree Hotels, which analysts believe are poised for significant growth despite their earlier mixed performances and the recent market corrections.
More hedge funds buy Bitcoin ETFs on institutional demand
Hedge funds, pensions, and banks invested significantly in Bitcoin-focused ETFs as the asset gained mainstream acceptance with the help of US regulators. Major players like Millennium Management and other firms from around the world engaged. The funds experienced a net inflow of $17 billion this year, bolstered by BlackRock’s $20 billion IBIT.
Sentiment sours on growth, turns to FMCG for a bounce
Investors recently leaned towards FMCG and consumption-related stocks due to global instability. Analysts noted the sector’s appeal amid high valuations elsewhere, although limited short-term gains are expected. Stocks such as Godrej Consumer and Dabur are predicted to deliver moderate returns, with long-term holding recommended for current investors.
Asian equities rally as US recession fears fade: Markets wrap
Asian markets saw gains on Friday after positive US employment and spending data eased recession worries. Japan, Australia, and South Korea benefited from improved US retail sales and lower jobless claims. US stock indices, including the S&P 500, continued their upward trend. Analysts believe this reflects reduced fears of a recession, aided by potential Federal […]
Stocks in news: Ola Electric, Hindustan Zinc, SpiceJet, SBI, Glenmark Pharma
Stocks in news: The domestic markets closed flat on Wednesday. Hindustan Zinc set a floor price of Rs 486 for its offer for sale. SpiceJet’s net profit fell by 20%. Ola Electric posted a wider net loss. Karnataka suspended dealings with SBI and PNB. Glenmark Pharma reported a Q1 net profit of Rs 340 crore.