Avoid euphoric valuations, keep cash for better entry points: Pankaj Tibrewal
Pankaj Tibrewal of IKIGAI Asset Managers finds current valuations too high for new investments. Defence sector valuations are especially prohibitive. Cement sector, particularly in South India, shows promise due to price hikes. Metals also present an opportunity for investment. Consumer discretionary stocks are expected to perform well in the second half of fiscal year 2026.
Belrise Industries IPO: Price band set at Rs 85-90; issue opens on May 21
Belrise Industries has set the price band for its Rs 2,150 crore IPO at Rs 85–90 per share. The issue opens on May 21 and closes on May 23. The auto parts maker will use Rs 1,618 crore to repay debt. The IPO comprises a fresh issue of 23.89 crore shares and will be listed […]
Zomato, Swiggy shares rise up to 3% as platforms drop rain surcharge waiver for members
Zomato and Swiggy shares increased as they removed the rain surcharge waiver from membership programs, impacting even paying subscribers. This move aims to support delivery partners during adverse weather and enhance profitability, especially with losses in quick commerce. Zomato’s food delivery EBITDA rose 55% YoY, while Swiggy’s jumped fivefold, highlighting the sector’s importance.
Billionaire Terry Smith lists 5 reasons why Warren Buffett’s success can’t be replicated
Billionaire Terry Smith, often called “the English Warren Buffett,” argues that replicating Buffett’s success is impossible today. He cites Munger’s influence, leveraging insurance float, and Berkshire’s closed-end structure as key advantages. Smith also points to a changed regulatory environment and the dominance of ETFs as barriers.
Gold Price Prediction: Yellow metal gets cheaper by Rs 3,750/10 gm this week. More fall ahead?
Gold futures opened lower at MCX, continuing a week-long price decline, while silver also saw a slight dip. Despite early session losses due to easing geopolitical tensions, both metals recovered following mixed U.S. economic data and a weaker dollar. Experts suggest monitoring volatility and key support levels for trading gold and silver.
GRSE and Cochin Shipyard shares rally over 11% on Q4 earnings euphoria, defence order outlook
Antique Stock Broking anticipates a significant rise in the order books of India’s defence shipbuilders, projecting that combined orders for GRSE, Cochin Shipyard, and Mazagon Dock Shipbuilders could more than triple by FY27. This outlook is backed by increasing indigenization, a solid policy framework, and a strong defence capital expenditure pipeline.
Midcap cement and non-ferrous metals offering value plays: Sunny Agrawal
Sunny Agrawal from SBI Cap Securities suggests a constructive short-term market outlook, anticipating a potential 50 basis point rate cut by the RBI. He recommends overweighting banking (ICICI Bank, HDFC Bank, Indian Bank), auto (Mahindra & Mahindra, Force Motors), and oil & gas (HPCL) sectors.
Market trend remains bullish as macros improve: Sandip Sabharwal
Sandip Sabharwal suggests that market macros are favorable with decreasing inflation and interest rates, alongside increasing government spending. He believes geopolitical tensions are easing, creating a positive environment despite investor hesitancy. While advising investors to remain invested, he suggests staggering new investments. He also notes Reliance’s potential for growth hinges on its investment cycle and […]
Positive Breakout: These 5 stocks cross above their 200 DMAs
In the Nifty200 pack, five stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on May 15, according to stockedge.com’s technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day […]
Asian stocks, bonds climb as trade-truce rally holds
Shares in South Korea and Australia climbed early Friday, while Japan’s were mixed. US futures inched higher after the S&P 500 rose 0.4% Thursday. Canada’s stock benchmark hit a record with an eight-day rally.