Long-term investors should focus on structural trends over short-term volatility: Ravi Dharamshi
So, from the peak to correct around 15% kinds is I would say, but beyond that I would say then they start looking attractive again from a three to five years perspective because none of the problems are really balance sheet oriented problems, they are all more P&L related problems and more valuation issues.
Marico shares surge 9% after reporting 20% YoY jump in Q2 PAT. What analysts say?
Marico’s shares surged 9.3% after a 20% rise in Q2 net profit to Rs 433 crore. Analysts maintained buy ratings, with target prices ranging from Rs 740 to Rs 800.
Shriram Properties shares zoom 7% on signing agreement for 6-acre land in Pune
Shriram Properties’ shares jumped 6.8% as the company signed a Joint Development Agreement for 6 acres of prime land in Pune. The planned mixed-use development will feature 650+ apartments and retail spaces, targeting a launch in H2-FY25, with potential revenue of Rs 700-750 crores.
Voltas shares dip 7% despite 269% YoY jump in Q2 PAT
Shares of Voltas declined despite a sharp rise in profit and revenue for the September quarter. The company’s consolidated net profit surged 269% to Rs 133 crore, driven by strong performance in room AC business.
Soft auto sales likely for next 1 year; not selling, but not adding to Maruti, M&M either: Dipan Mehta
Dipan Mehta, Director of Elixir Equities, expresses disappointment in the current earnings season, particularly highlighting the automotive sector’s cyclical downturn. He advises holding onto stocks without increasing investment, and caution against new IPOs like Swiggy amidst market uncertainties. For companies like Ola Electric, he suggests waiting for clear profitability signals before considering investment.
RBI to cut rates in December to 6.25%, say narrow majority of economists: Reuters poll
India’s central bank is expected to cut its key policy rate by 0.25% in December to support slowing economic growth. A Reuters poll shows a slim majority of economists predicting the rate cut. Inflation is expected to moderate, providing the Reserve Bank of India room for policy easing. Growth rates are also predicted to slightly […]
ETMarkets Smart Talk: Capex, industrials, energy transition, and pharma among top bets till next Diwali: Rakesh Parekh
Markets had crossed all-time highs last month and despite the recent correction valuations are not cheap, trading at premiums to historic averages especially in the small & mid cap segments.
Adani Enterprises shares in focus after Q2 profit skyrockets 664% YoY to Rs 1,742 crore
Shares of Gautam Adani-led Adani Enterprises are in focus following a 664% YoY jump in consolidated net profit for the September quarter, reaching Rs 1,742 crore. Revenue from operations rose 16% to Rs 22,608 crore. Additionally, the board approved a Rs 2,000 crore fundraising plan through the issuance of Non-Convertible Debentures (NCDs) in one or […]
Fund Manager Talk | Bank stocks will deliver above average performance for next few years: Chandraprakash Padiyar
As market cycles change, winners keep changing. Given the key events lined up – RBI rate cut cycle (which will eventually begin in next few months), US presidential elections, etc – for the next one year, where do you think the puck is going to be in Samvat 2081?
Prestige Estates stock in focus after Q2 net profit plunges 77.4% YoY
Prestige Estates Projects reported a 77.4% YoY decline in net profit due to tax changes, while revenue rose 3%. Shares closed at Rs 1,606.5, with strong long-term growth.