3 financial stocks look good, real estate is overdone: Samir Arora
Samir Arora, Helios Capital founder, gives insights on various sectors including NBFCs, FMCG, real estate, and consumption. He mentions the current trends and outlook for these segments, highlighting strong potential in housing finance and microfinance, while noting mixed performance and future prospects for other sectors, particularly impacted by changing consumer behaviors and market conditions.
What to expect from IT sector going ahead? Dikshit Mittal answers
So, timing may be little uncertain, but it will happen in December, maybe later. But what we think is within the next six months, we think we are decisively on the rate cut trajectory.
SBI, IndusInd Bank among 7 stocks with more than 20 ‘buy’ calls
Several brokerages remain bullish on seven stocks, including IndusInd Bank, SBI, and ACC, predicting potential rallies up to 51%. Analysts believe these stocks, reflecting strong buys across the banking, finance, and cement sectors, could see significant upside based on their current market prices.
RBI opens the door for interest rate cut. What it means for stock market investors
The Reserve Bank of India changed its policy stance to neutral from withdrawal of accommodation while maintaining the repo rate at 6.5%, hinting at a potential rate cut in the upcoming year. Stock and bond markets responded positively, with significant gains in financial sectors.
Bank stocks, NBFCs rally up to 4% after RBI changes policy stance
Shares of banks and NBFCs went up by as much as 4% after the RBI shifted its policy stance to ‘neutral’. This change hints at a possible rate cut cycle from December. Shriram Finance saw the biggest gain in Nifty, rising over 4%. Other financial stocks also gained significantly, boosting the Sensex by 500 points.
Rate cut unlikely before early next year; wait for GDP Data for further clarity: Ashwini Kumar Tewari
So, hopefully all these factors will continue to remain under control and as we trend downwards towards 4% and as the other central banks have already cut rates, I think we are looking at a situation where the inflation should be under closer to 4% and leading to conditions for a rate cut.
Torrent Power shares zoom 9% on securing 2,000 MW energy storage contracts from MSEDCL
Shares of Torrent Power surged 9% to a 52-week high after signing two letters of award with Maharashtra State Electricity Distribution Company Limited for the long-term supply of 2,000 MW energy storage capacity. The agreements include 1,500 MW energy supply capacity and 500 MW additional storage capacity, with plans for 40-year procurement from a pumped […]
RITES shares rally 8% on signing MoU with Etihad Rail for UAE project
Shares of RITES surged 8% after the company signed an MoU with Etihad Rail to explore railway infrastructure development in the UAE. This partnership aims to enhance connectivity, innovation, and sustainable infrastructure, boosting trade routes and operational efficiency. RITES’ shares have increased by 37% over the past year.
Haryana win proves BJP is not on the back foot; throws open Maharashtra election: Swaminathan Aiyar
Swaminathan Aiyar evaluates the BJP’s success in the Haryana Assembly elections despite a prior general election setback. He emphasizes factors like candidate choice and vote distribution as crucial reasons for the BJP’s win. Aiyar also discusses the broader implications for the BJP, analyzing market reactions, populist promises, and upcoming elections in Maharashtra.
SME IPOs faltering under regulatory scrutiny, but the pain may be worth it
The SME IPO market in India is slowing down due to stricter regulations. Subscriptions and listing gains have declined. The new norms aim to enhance market stability by ensuring only financially strong companies get listed. This shift follows concerns about price manipulation and inflated valuations, aiming to improve the quality of listed companies.