Unearthing underdogs! 23 multibagger smallcaps deliver consistent EPS growth over 4 quarters
Smallcap stocks have displayed notable earnings growth as 23 companies, including Shakti Pumps and GE T&D, reported consistent EPS increases over four quarters. The sector’s robust performance is expected to continue, driven by telecom, realty, and healthcare, despite high current valuations. Analysts predict strong growth with a CAGR potentially exceeding 20% for FY24-26.
NSE Indices Rejig: Key stock entries and exits in Nifty50, Nifty Next50, Nifty100 and Nifty Bank
The NSE Indices Committee revealed its September 2024 adjustments, impacting indices like Nifty 50, Next 50, Nifty 100, and Nifty Bank. Notable changes include Trent and Bharat Electronics joining Nifty 50, while Divis Labs and LTI Mindtree exit. These modifications will cause considerable inflows and outflows for the involved companies.
Zydus Lifesciences shares fall 6%, brokerages neutral on Sterling Biotech deal
Zydus Lifesciences’ shares fell 6% to Rs 1,109 after acquiring a 50% stake in Sterling Biotech for Rs 550 crore. Analysts maintain neutral ratings with target prices of Rs 1,020 and Rs 1,210.
Fed rate cut possibility has moved from if to when to how much, says Ajay Bagga
Market expert Ajay Bagga noted that Fed Chairman Jerome Powell reassured the market by signaling readiness to cut rates due to labor market concerns. With rate cuts almost certain by September, bond yields dropped, stocks rose, the dollar weakened, and gold prices increased. This was expected amid the substantial fiscal deficit buffering economic errors.
China won’t ban bond trading but sees risk in buying frenzy
The People’s Bank of China clarified that it does not intend to ban legitimate investments or trading in government bonds but issued warnings to smaller financial institutions over the risks of rapidly increasing their holdings of long-dated securities.
Sun shines on Premier Energies; govt’s renewables push can make it brighter
Premier Energies aimed to raise ₹2,830 crore via an IPO starting on August 27, allocating ₹1,291 crore for capacity expansion. The promoter’s stake was set to decrease to 66%. The company projected revenue growth driven by India’s push for renewable energy. It planned substantial capacity enhancements by 2026, using funds from the IPO, debt, and […]
RBI buying back SGBs: Should you tender?
The Reserve Bank of India has decided to offer early redemptions for 30 Sovereign Gold Bond series maturing from October 2024 to March 2025. Investors can choose to withdraw early starting September 2024. Financial experts advise against early redemption to maximize benefits, as past bond holders earned an average return of 10.94%.
Record date for Ashish Kacholia backed multibagger stock split tomorrow: last chance to buy
Aditya Vision’s board approved a 1:10 stock split in July, turning one Rs 10 share into ten Rs 1 shares to enhance liquidity and draw retail investors. The record date was fixed for August 27, 2024. Shares have gained 41% this year, doubling within the past year.
Stocks in news: Trent, BEL, LTIMindtree, Ambuja Cements, Alembic Pharma, Transport Corp
Stocks in news: The domestic market edged higher for the second week, moving closer to record highs. Key shares like Trent, BEL, and LTIMindtree attracted attention due to index changes. Transport Corporation announced its first equity buyback. Ambuja Cements experienced significant block deals. Ashoka Buildcon won an MMRDA project. Several other companies also highlighted important […]
Any increase in global commodity prices is a matter of concern, says Monetary Policy Committee member Shashanka Bhide
Monetary Policy Committee’s Shashanka Bhide, whose term is about to end, highlighted concerns regarding potential shifts in international commodity prices due to ongoing domestic food price pressures. He noted mixed trends in private investment and recent rises in real interest rates due to lower inflation. Bhide appreciated policy coordination within the MPC amidst significant challenges […]