High food inflation could exacerbate inequality: Kaushik Basu
“Even if inflation is at 5.1%, food inflation is at 30%. For someone spending 50% of their income on food, that 30% food inflation is hitting them significantly harder despite government programmes like PM Gareeb Kalyan Yojana providing some relief,” Basu said at a Delhi School of Economics event to mark its 75 years of […]
Concurrent Gainers: These 11 stocks rallied for 5 days in a row
Over the last five trading sessions concluding on August 16, the benchmark equity index Sensex rose by around 2%, closing at 80,437. Gains were observed in three out of the five sessions.
43 smallcap stocks post double-digit weekly gains amid market consolidation
The stock market experienced a bullish week, with 43 stocks posting double-digit gains. Inox Wind Energy spearheaded the small-cap surge with a remarkable 35% gain. Kitex Garments and Suprajit Engineering also impressed with gains exceeding 25%. Gravita India, Panacea Biotech, Inox Wind Ltd, and Sarda Energy delivered robust returns between 20% and 25%, contributing to […]
India Inc: Key takeaways from Q1 results season
In Q1FY25, Bank and Auto stocks outperformed, while Infrastructure, Pharmaceuticals, and Metals lagged, resulting in modest 3% earnings growth. Revenue growth stayed at 9%. Real estate, pharmaceutical, and IT sectors highlighted notable revenue and profitability growth. Banks’ NIMs remained stable, and auto sales surged, especially in two-wheelers and commercial vehicles.
Investor Frenzy: Block deals hit Rs 8,364 crore this week; Suzlon, FirstCry, Infosys see major action
Within the largecap segment, 15 companies saw substantial block deals amounting to Rs 5,077 crore. IndiGo topped the list with 4 block deals valued at Rs 1,351 crore. Other notable deals involved Infosys (Rs 786 crore), HDFC Bank (Rs 402 crore), TCS (Rs 398 crore), Reliance Industries (Rs 390 crore), TVS Motor Company (Rs 294 […]
Interarch Building Products IPO: Company raises Rs 179 crore from anchor investors ahead of issue
The company announced to the stock exchanges that it has allocated 1,994,288 shares to anchor investors at Rs 900 per share on Friday. Out of these, 716,592 shares, valued at approximately Rs. 64.49 crore, were allocated to 3 domestic mutual funds across 8 schemes. This represents 35.93% of the total anchor investor allocation.
Q1 review: A sub 5% Nifty PAT growth earns 2% FY25 earnings downgrade from this brokerage
A notable trend this quarter was the shrinking disparity in domestic consumption between high-end and mass markets. This was observed as growth in luxury segments like passenger vehicles, hotels, and jewellery decelerated. In contrast, the FMCG sector stabilised, and durables experienced a robust quarter, largely attributed to the heatwave, according to the Nuvama note.