Should investors bet on ICICI Bank stock? Vinay Rajani answers
I would suggest that one should stay away from the trading as far as auto sector is concerned. There are opportunities in the other sectors and that needs to be tracked. But as of now, we see auto index is likely to remain in the consolidation.
Pricing picking up gradually; Q3 is a seasonally strong quarter: HCL Tech Management
HCL Tech CEO C Vijayakumar highlights strong business growth with a good mix of large and small deals, driven by GenAI components and software innovation. Despite some macro challenges, discretionary spending is increasing across sectors. CFO Shiv Walia assures steady demand, pricing, and margin outlook, with significant contributions from the software business and financial services.
Which FMCG counters can throw up positive surprises in earnings? Amnish Aggarwal explains
Amnish Aggarwal shares his cautious outlook on FMCG stocks, highlighting recent re-ratings and potential bottom-fishing post-results. He discusses the prospects of the Hyundai IPO, the competitiveness of Ola Electric in the EV market, and compares the potential growth of Maruti and Hyundai in India’s auto sector. Investors are advised to stay vigilant.
Hyundai IPO valuation: How it stacks against rivals Maruti Suzuki, M&M and Tata Motors
Hyundai Motor India will launch a Rs 27,870 crore IPO, expected to trade at 26X FY2024 earnings. Brokers have mixed views on its valuation. Some see it as high with limited short-term gains, while others find it fair compared to rivals Maruti Suzuki and Tata Motors. The listing is on October 22.
HCL Tech shares jump 1% as Q2 profit jumps 10.5% YoY. Brokerage firms raise target prices
HCL Technologies shares climb 1.3% after reporting a 10.5% increase in Q2 net profit to Rs 4,235 crore, with revenue up by 8.2% to Rs 28,862 crore. Brokerages raise target prices, expecting sustained growth driven by solid deal pipelines and strategic focus on Data & AI, Digital Engineering, and SAP migration.
Fund Manager Talk | Defence and rail PSU stocks fall up to 40%. Viraj Gandhi on what should investors do?
The multi cap category’s market share has increased from 2.5% in November 2021 to nearly 6% by August 2024. Over the last 36 months, this category has grown at the quickest rate.
Don’t be turned off by temporary blips; Avenue Supermarts becoming like Costco & Walmart in US: Pashupati Advani
Pashupati Advani highlights Avenue Supermarts’ transition into non-food items and its potential for long-term growth. He discusses the upcoming NSE IPO and its impact on financial stocks, noting the BSE as a cheaper alternative. Advani comments on market stability given Middle East concerns and China’s market influence. He also suggests Hyundai’s IPO could affect other […]
F&O Ban List: IEX, Tata Chemicals among 12 stocks under trade ban on Tuesday
Twelve stocks including Chambal Fertilizers, GNFC, and Granules India are under F&O trade ban, as their open interest exceeds 95% of MWPL. The ban will lift once the interest drops below 80%. Meanwhile, Indian stock indices closed higher, with Nifty surging 0.7% and Sensex up 0.73%.
Nvidia notches record close, could unseat Apple as most valuable company
In June, Nvidia briefly became the world’s most valuable company. It was overtaken by Microsoft, and the tech trio’s market capitalizations have been neck-and-neck for several months.
Q2 results today: HDFC Life, PVR Inox among 25 companies to announce earnings on Tuesday
The second quarter earnings season sees the announcement of results from 25 companies, including HDFC Life and HDFC AMC. HDFC Life is expected to report a 17-26% YoY increase in APE, ranging from Rs 3,550 crore to Rs 3,834 crore, with VNB estimated between Rs 900-978 crore.