Strong H2 for hospitality on the cards; Indian Hotels and budget chains set to benefit: Sandip Sabharwal
Veteran investor Sandip Sabharwal advises caution on precious metals, suggesting a pause in allocation due to bubble territory valuations. He remains bullish on the auto sector’s secular growth and sees a strong second half for hospitality, while highlighting the defense sector’s self-reliance drive and the challenges in evaluating food delivery services like Swiggy.
Avenue Supermarts overvalued despite strong revenue growth: Sandip Sabharwal
Market strategist Sandip Sabharwal discussed Avenue Supermarts’ high valuations and potential consolidation. He noted Tata Capital IPO’s valuation is expensive despite a positive NBFC outlook. Sabharwal advised selectivity in real estate, favoring companies like DLF, and cautioned about oversupply risks in solar energy while seeing value in beaten-down IT stocks.
UK’s Investec initiates coverage on Adani Ports, sees up to 23% upside
UK-based Investec initiated coverage on Adani Ports with a buy rating and a target price of Rs 1,715, implying 23.5% upside from the previous close. The brokerage highlighted strong organic growth potential, efficient operations, a robust balance sheet, and deleveraging, projecting 15% revenue CAGR over FY25–30. Adani Ports’ integrated logistics and marine services further enhance […]
Anil Ambani’s Reliance stocks tumble up to 10%. Here’s what is behind the steep selloff
Shares of Reliance Power and Reliance Infrastructure fell sharply after the ED arrested senior executive Ashok Kumar Pal over alleged fake bank guarantees and invoicing. The investigation, linked to Rs 3,000 crore Yes Bank loans, is part of a broader PMLA probe into the Anil Ambani Group’s financial irregularities.
China holds the upper hand in trade standoff with US: Shaun Rein
A trade war looms between the US and China. Expert Shaun Rein believes China can endure economic hostilities better than the US. He criticizes US policy as inconsistent and driven by personal motives. China has reduced its reliance on the US, diversifying trade and investments. Beijing holds leverage, potentially impacting the US dollar’s global role.
Tata Capital shares edge lower after flat debut. Should you buy, sell or hold the stock?
Tata Capital shares slipped below the listing price after a flat debut on Monday. However, brokerages like Emkay Global and JM Financial maintained an ‘Add’ rating, citing strong Tata Group backing, AAA credit rating, and diversified loan book. Analysts expect steady AUM growth and long-term value despite near-term valuation limits.
MapmyIndia shares jump 8% after Railway Minister’s tweet favouring Google Maps rival
Railway Minister Ashwini Vaishnaw tested the Indian navigation app Mappls by MapmyIndia, praised its features, and encouraged public use. He also announced that Indian Railways will soon sign an MoU with the Google Maps rival, highlighting the app’s advanced capabilities in a social media post.
NTPC Green Energy edge lower despite MoU with Japan’s ENEOS for green hydrogen supply
Shares of NTPC Green Energy Ltd (NGEL) could see attention after signing an MoU with Japan’s ENEOS to explore green methanol and hydrogen derivative supplies. The agreement, part of NGEL’s Green Hydrogen Hub at Pudimadaka, aims to boost India’s clean energy exports and decarbonisation efforts. NGEL closed 1.5% higher on Friday, trading below most key […]
Last day to buy Tata Investment shares ahead of stock split record date
The company has fixed Tuesday as the record date to determine shareholders eligible for the stock split in the ratio of 1:10. Under the split, each existing equity share of face value Rs 10 will be subdivided into 10 equity shares of face value Re 1 each, fully paid up.
Gold hits record high as US-China trade concerns boost safe-haven demand
Gold prices have surged to an all-time high. This rise is fueled by renewed trade tensions between the US and China. Investors are seeking safe havens amid global economic and political uncertainties. Expectations of further interest rate cuts by the US Federal Reserve are also supporting gold’s upward trend.