Shipping Corporation, GE Shipping shares rally up to 5% ahead of Cabinet meeting today
Shares of Shipping Corporation of India and Great Eastern Shipping Company rose on the BSE amid reports that the Centre may approve the Coastal Shipping Bill 2024. The Bill aims to ease shipping sector rules, promote more ship lines into Indian ports, and enhance coordination between inland waterways and coastal shipping.
Hyundai is for the long haul and do not expect to make quick buck on listing: Dipan Mehta
Dipan Mehta of Elixir Equities recommends long-term investment in Hyundai’s IPO due to its strong product profile and EV strategy, though a tepid listing is expected. Reliance is considered weak in the current environment, while export-oriented stocks are not attractive due to mild rupee depreciation. Avenue Supermarts faces challenges from quick commerce innovations.
Hyundai India IPO subscribed 20% on Day 2 so far. GMP rises to 3%. Check details
Hyundai India’s Rs 27,870 crore IPO was subscribed 20% by the second day. Retail investors led with 29% subscription. The offer is an OFS with all proceeds going to Hyundai Motor Global. Analysts recommend subscribing for long-term gains citing Hyundai’s strong brand and growth prospects.
Hot & Cold Stocks: 10 midcaps that MFs bought and sold in September
In September 2024, mutual funds deployed Rs 18,200 crore, and alongside FIIs, bought Rs 45,100 crore in the Indian secondary market. Key additions by mutual funds in mid-cap stocks included KPR Mill, Brigade Enterprises, PTC Industries, and Metro Brands. Here is a list of stocks that mutual funds bought and sold in September, according to […]
PNC Infratech shares rise 6% on receiving Rs 4,630 projects from Maharashtra govt
PNC Infratech shares increased by 5.5% after the company announced it received two letters of acceptance from Maharashtra State Road Development Corporation. The road projects are worth Rs 4,630 crore. These projects include the construction of roads in Pune and from Jalna to Nanded. The shares of PNC Infratech have seen significant movement in the […]
HDFC AMC shares jump 5% after Q2 earnings. Should you buy, sell or hold?
HDFC AMC shares surge 5% after a 32% YoY rise in Q2 profits to Rs 576.61 crore, with revenue up 38% to Rs 887.2 crore. Jefferies and CLSA raise target prices and revise EPS estimates, highlighting strong AUM growth and stable market positions despite a one-off tax impact.
Fund Manager Talk | Don’t generalize smallcaps as expensive, it’s a stock-picker’s paradise: Mihir Vora
On valuations, the P/E ratio of the small-cap index (Nifty Small Cap 250) is similar to that of the large-cap (Nifty 100) index, at around 19-20x on two-year forward earnings (excluded loss-making companies in the aggregates). However, the projected earnings growth for small-caps is higher, at 18% for the next couple of years versus 8-10% […]
Power, automation, and air solutions poised for explosive growth: Devang Mehta
In my opinion, the IT sector appears to have bottomed out. While there’s probably limited downside, for investors seeking 18-20% compounded growth, this sector might not offer that kind of potential. Instead, we might see more modest returns of 10-12%, with 2-4% constant currency growth.
Q2 results today: Bajaj Auto among 19 companies to announce earnings on Wednesday
Bajaj Auto is anticipated to showcase a 24-29% year-on-year revenue growth for Q2, driven by higher volumes and increased average selling prices, with PAT growth estimated at 22-24%. Other companies reporting results today include Mphasis, Crisil, and South Indian Bank.
Big movers on D-Street: What should investors do with HDFC AMC, HCL Tech and Sterling and Wilson?
The Benchmark BSE Sensex surged by nearly 592 points; Nifty reclaimed 25,000 on Monday, bolstered by a firm global market trend. Key stocks in focus included HDFC AMC, HCL Tech, and Sterling and Wilson, with significant movements and promising technical indicators suggesting further upside potential.