ETMarkets Management Talk | We want to grow 20% annually without taking on debt: Bansal Wire’s Pranav Bansal
Bansal Wire Industries is focusing on operational efficiency and cash generation for growth. The company targets twenty percent annual growth without increasing leverage. This growth will be achieved through stronger free cash flows and internal accruals. Bansal Wire Industries is expanding into speciality wires and adopting AI-driven manufacturing. Improving return on capital and reducing debt […]
Sensex falls 500 points, Nifty slips below 24,100 as US-Iran conflict escalates. What lies ahead?
Indian stock markets edged lower on Tuesday, with major indices Sensex and Nifty falling. Escalating Middle East tensions contributed to rising oil prices, impacting investor sentiment negatively. Several prominent companies like HCL Technologies and Bajaj Finance saw significant share price drops. While some sectors like IT and Metal showed marginal gains, the overall market breadth […]
SBI Funds Management IPO to open today. Check brokerages review, GMP, subscription staus and other details
SBI Funds Management, India’s largest asset management company, will open its Rs 9,813 crore IPO for subscription on Tuesday. The issue will close on July 16. The company has fixed a price band of Rs 545-574 per share. Investors can bid for a minimum of 26 shares and in multiples thereafter.
TCS dividend alert! Last day to buy IT bellwether’s stocks for interim dividend worth Rs 12/share. Do you own?
Only those shareholders who own TCS shares in their demat accounts as of Wednesday will be eligible to receive the bonus shares. Under the market regulator SEBI’s T+1 settlement cycle, investors must buy shares of a company at least one trading day before the record date so that they are credited to their demat accounts […]
Gold drops to 2-week low as oil surge drives inflation, rate-hike fears
Gold prices declined to a two-week low on Tuesday. Oil prices surged due to the U.S.-Iran conflict in the Gulf. Federal Reserve Governor Christopher Waller’s hawkish remarks fueled interest rate hike bets. Investors await U.S. CPI data for inflation and Fed policy clues. European Union sanctions targeted Sudan’s gold trade financing conflict.
Dollar steady before US inflation data, yen under pressure
The dollar remained steady as traders awaited United States inflation data. Middle East tensions caused oil prices to increase significantly on Monday. The Japanese yen held a soft tone due to intervention concerns and policy comments. Federal Reserve officials indicated potential rate hikes if inflation persists above target. Investors are closely watching upcoming economic indicators […]
Global Market Today: Asian shares trade mixed; Brent climbs past $85
Oil prices climbed amid escalating US-Iran tensions and concerns over supply disruptions. Treasury yields rose as traders considered potential interest rate hikes by the Federal Reserve. Asian shares showed mixed performance, influenced by a tech stock sell-off. Investors now await US inflation data and Fed Chair Warsh’s testimony. These events will shape the future direction […]
Leadership reset revives rerating hopes at Just Dial
Just Dial’s stock surged after announcing a transition to professional management. The company aims to bolster its business-to-business segment and AI capabilities. Reliance Retail acquired a controlling stake in Just Dial in July 2021. Since then, revenue and net profit have shown consistent growth. New leadership faces intense competition requiring focused execution for long-term success.
HCLTech FY guidance stays muted despite $2.4 billion deal momentum
HCL Technologies reported marginally better than anticipated financial performance for the June quarter. The company announced a significant investment in a datacentre for artificial intelligence solutions. This new venture aims to address the growing demand for AI model training capabilities. HCL Technologies maintained its full-year revenue and operating margin guidance unchanged. The stock may remain […]
Can SBI Funds IPO deliver long-term growth for high risk investors?
SBI Funds Management plans a ₹11,693 crore offer for sale, reducing promoter stake to 88%. The company manages ₹29.46 lakh crore across various investment funds. Revenue and net profit saw significant annual growth between FY24 and FY26. SBI MF leads in systematic investment plans and portfolio management services. The IPO offers a P/E multiple lower […]