Zomato shares gain 15%, remain unbeaten for 5 sessions
Zomato Share Price: Zomato shares surged 15.5% to a record high of Rs 280.60, driven by a Paytm deal, positive broker ratings, and strong earnings growth. Jefferies targets Rs 335, predicting significant delivery revenue growth.
Tata Motors shares drop 4% on weak growth outlook; UBS downgrades stock to ‘Sell’
Tata Motor Share Price: Shares of Tata Motors fell 5.4% to 980.10 on the BSE after announcing price cuts of up to Rs 2.05 lakh on EVs and popular cars, signaling weak growth prospects. UBS responded with a ‘sell’ rating and a target price of Rs 825. The price cuts, part of the ‘Festival of […]
Vodafone Idea shares nosedive 16% in a month. What should investors do?
Vodafone Idea shares have dropped 16% in a month and 20% this year, following Goldman Sachs’ negative outlook. The brokerage firm predicts further market share loss despite recent capital raises. Analysts suggest the stock is volatile with support at Rs 11.80, but caution about potential further declines.
42 months & counting! India puts more money into equity funds
Investors continued to pour money into equity mutual funds in August, with inflows reaching ₹38,239 crore. Systematic investment plans (SIPs) also saw a record high of ₹23,547 crore. Debt funds attracted ₹45,169 crore. The mutual fund industry’s total average assets under management surged to ₹66.04 lakh crore.
Where is the pocket of safety in the market right now? Aashish Somaiyaa answers
Aashish Somaiyaa, CEO of WhiteOak Capital AMC, provides an analysis of trends in financial services, IT, and auto sectors. He explains that the auto sector is normalizing after a difficult period from 2018 to 2020. Financial services and industrials show promise amid changing macroeconomic conditions. Somaiyaa also says that they are benefiting from sector rotation […]
ETMarkets PMS Talk: “Strategic shift pays off” – How Purnartha’s portfolios beat the market in the last year
Pratham, our flagship portfolio, was launched in September 2020 and has achieved a cumulative return of 19% since inception. The BSE 500 has returned 27% and the NIFTY 50 has returned 22% during this timeframe.
Put IT stocks on your radar as cos seen on cusp of a recovery: Motilal Oswal
Motilal Oswal Financial Services anticipates a recovery in the IT sector, citing a rebound after a phase of discretionary spending cuts, with HCL Technologies, LTI Mindtree, and Persistent Systems as top picks, and an upgraded ‘Buy’ rating for Coforge. The firm believes the sector is poised for sustained growth over the next 2-4 years.
What should investors do with insurance stocks? Deven Choksey answers
So, yes, on one side you are seeing the new age investment taking place, on other side the industry is supporting the new age investment with a higher amount of supply to some of the infrastructure play that we are talking about.
SBI likely to raise up to Rs 7,500 crore via tier-2 bonds
State Bank of India plans to raise up to ₹7,500 crore through tier-2 bonds next week to meet growing credit demand. The bond sale, with a base size of ₹3,500-4,000 crore and the remainder via a greenshoe option, is set for September 18. The funds will likely support regulatory requirements and business growth.
42 months & counting! India puts more money into equity funds
Investors continued to pour money into equity mutual funds in August, with inflows reaching ₹38,239 crore. Systematic investment plans (SIPs) also saw a record high of ₹23,547 crore. Debt funds attracted ₹45,169 crore. The mutual fund industry’s total average assets under management surged to ₹66.04 lakh crore.