Commodity Talk: Gold has more room to run and potential for stronger diversification, says UBS’ Joni Teves
UBS remains optimistic about gold, anticipating diversification to drive prices higher, with potential for reallocation from US assets. Despite a recent price dip, strong support is expected, fueled by broad demand and limited supply. Credit rating cuts for the US could further boost gold prices, though portfolio allocation strategies depend on individual factors.
Avoid metals segment for now despite decent results: Sandip Sabharwal
Sandip Sabharwal suggests a potentially positive outlook for commercial vehicles due to economic growth and lower interest rates, favoring companies like Ashok Leyland and Mahindra & Mahindra. He expresses caution regarding Balkrishna Industries’ entry into the mass-market tire segment, citing potential negative impacts on valuation. Sabharwal also believes that the bullishness is built into the […]
Reliance Power shares skyrocket 22% in 6 days. Should you book profits?
Reliance Power shares have surged 22.2% in the last six trading sessions, driven by strong Q4 FY25 results showing a net profit of Rs 126 crore compared to the previous year’s loss. Technical indicators, including a ‘buy’ signal on the Supertrend indicator, have further boosted investor sentiment. The stock has delivered impressive 91.7% returns over […]
Groww files for $700 million-$1 billion initial public offering: Reports
Groww, the Indian online investment platform, has confidentially filed draft papers with the market regulator for an IPO aiming to raise between $700 million and $1 billion. The IPO will include a fresh issue of shares and stake sales by existing investors.
Rupee jumps 40 paise to 85.05 against US dollar in early trade
The Indian Rupee saw a significant rise against the US dollar in early trading. This appreciation is supported by a weaker dollar index and positive movement in domestic stock markets. Foreign fund inflows and a large dividend announcement from the Reserve Bank of India also boosted the rupee. Market participants are awaiting key economic data […]
Aegis Vopak Terminals IPO opens for subscription. Should you apply?
Aegis Vopak Terminals launched its IPO on May 26, aiming to raise ₹2,800 crore through a fresh issue of shares. Initial subscription rates were modest, with retail investors showing more interest than other categories. The funds will be used for debt repayment, acquiring a cryogenic LPG terminal, and general corporate needs, with shares expected to […]
Eternal shares slip 4% after FTSE, MSCI cut stock weight; $840 million in passive outflows likely
Eternal shares: The changes follow a decrease in the Foreign Ownership Limit (FOL) for the stock. As a result, Eternal’s investability weighting in the FTSE All World Index has been cut from 82.74% to 49.5%.
NTPC shares rise 2% after Q4 profit jumps 22% YoY to Rs 7,897 crore
NTPC reported a 22% YoY rise in consolidated Q4 net profit to Rs 7,897 crore, driven by a 3.2% increase in revenue to Rs 49,834 crore. For FY25, PAT grew 9% to Rs 19,649 crore. The company recommended a final dividend of Rs 3.35 per share. Analysts maintain a ‘Buy’ rating with a target price […]
Nibe shares hit 5% upper circuit on securing Rs 151 crore defence order from Israeli OEM
Nibe shares: The contract covers the production and supply of Universal Rocket Launchers with a range of up to 300 kilometres—an advanced system being manufactured in India for the first time for international use.
ETMarkets Smart Talk: From 1,200 to 10,000 | Abhishek Banerjee charts the next decade of SME listings in India
Abhishek Banerjee discusses the SME platform’s surge in listings, driven by companies seeking capital and liquidity. He anticipates significant growth, potentially reaching 10,000 listings in a decade, democratizing mid-market capital. Banerjee also highlights the challenges and opportunities for investors, emphasizing the importance of stock selection and the potential for institutional involvement.