Nykaa shares rally 20% in 1 month. Is your portfolio ready for a makeover?
Shares of FSN E-Commerce Ventures, the parent company of Nykaa, have rallied sharply, surging 20% over the past month, with an 11% increase occurring in the last week alone. Investor enthusiasm grew after the company reported a profit of Rs 13.64 crore for the first quarter ending June 2024, marking a 152% year-on-year increase.
Anil Ambani Group shares fall up to 14% on Sebi ban, fine
Shares of Anil Dhirubhai Ambani Group dropped by up to 14% after Sebi barred Anil Ambani from the securities market for five years over fund siphoning allegations from Reliance Home Finance. Reliance Home Finance and Reliance Power shares fell 5%, while Reliance Infrastructure shares plummeted 14%. Trading in some other group companies remains suspended.
Will the upswing continue in real estate stocks? Sandip Sabharwal explains
Yes, essentially, valuations are high. But the markets also see that there is a monetary easing cycle around the corner, so I think that is creating a push and pull. On top of that, we have huge promoter and private equity sales coming up.
Sebi bans Anil Ambani, 24 other entities from securities market for 5 years
Anil Ambani and 24 entities, including former officials of Reliance Home Finance, are barred by Sebi from the securities market for five years for fund diversion. Sebi imposed a Rs 25 crore penalty on Ambani and restricted him from participating in the market. Reliance Home Finance was also fined Rs 6 lakh and barred for […]
Jackson Hole Symposium to lay groundwork for this cycle’s first rate cut: James Knightley
James Knightley of ING suggests the Federal Reserve might reveal more about its interest rate strategy at the Jackson Hole Symposium. Despite expectations for a September rate cut, concerns over data quality persist, raising questions about economic growth. Markets anticipate a possible rate cut based on recent economic data revisions and global economic uncertainties.
Powell faces economic crossroads as he prepares to speak at Jackson Hole
Both the Fed and the U.S. economy are approaching a crossroads. Inflation has come down sharply since its 2022 peak of 9.1%, with the year-over-year increase in the consumer price index falling to 2.9% in July. Given the progress, the critical question facing Fed officials is no longer how much economic damage it will take […]
Bharat improving and India lagging in consumption? Devendra Pant on state of economy
Devendra Pant, Chief Economist at India Ratings, discusses the shift in FMCG companies’ concerns from rural India to urban demand. Despite steady GST collections and stable unemployment rates, challenges like food inflation and consumer sentiment issues persist. The government projects GDP growth of 6.5-7% for FY25, cautiously optimistic about inflation.
What should investors do with auto stocks? Sandip Sabharwal answers
The management strategy of expanding across various formats, expanding its food delivery, TajSATS. So, I think strategically they are doing very well and now the big focus only on managed hotels is working well for them. Stock is not cheap at these valuations at all.
High rates food for thought, but inflation on Governor Das’ plate
The views in India’s Monetary Policy Committee have become louder with outgoing members Ashima Goyal and J R Varma warning about the risks of a ‘higher-for-longer’ interest rate approach to economic growth. Both members voted for a repo rate cut, citing concerns over excessive monetary tightening’s impact on growth.
Strong order book, focus on diversification augurs well for HG Infra
The stock of mid-sized construction company HG Infra Engineering has gained close to 9% since the company announced its June 2024 quarter financial results on August 5 compared with 1.2% gain in the ET Construction Index.