Morgan Stanley initiates coverage on The Leela shares with ‘overweight’ rating, Rs 549 target; stock up 5%
Morgan Stanley initiated an ‘Overweight’ rating on Schloss Bangalore, setting a target price of Rs 549, driven by a luxury hospitality upcycle and strong financials. The stock surged 5% following the report. While concentration risk and demand cyclicality are concerns, steady growth and low debt support a potential re-rating for the company.
Trade tensions, not BRICS, are the bigger threat to global stability: Geoff Dennis
Geoff Dennis, an Independent EM Commentator, dismisses the notion of BRICS posing a currency threat to the US, despite China’s desire for a stronger RMB. While some de-dollarization exists, Dennis believes Trump’s perception of any overseas collaboration as anti-American is a key factor.
Tariffs a temporary storm, structural reforms key for India: Arvind Sanger
Arvind Sanger of Geosphere Capital Management suggests a trade deal with the U.S. would benefit India by reducing market uncertainty and promoting economic competitiveness. While U.S. tariffs create short-term market volatility, Trump aims to secure deals, potentially delaying implementation. Ultimately, India’s market performance hinges more on economic fundamentals and corporate earnings than tariff-related news.
PC Jeweller shares drop 8% as exchanges place stock under surveillance after sharp rally
PC Jeweller shares fell 8.1% after BSE and NSE placed the stock under the short-term ASM framework, following a sharp rally of 33% in two days. The drop comes despite an 80% YoY revenue surge in Q1FY26 and significant debt reduction. Technical indicators suggest the stock is overheated, though momentum remains strong across key moving […]
Gokaldas Exports, other textile stocks zoom up to 8% as US slaps 35% tariff on Bangladesh
The newly announced tariff, set to take effect on August 1, is slightly lower than the 37% rate initially proposed in April. Nevertheless, it remains well above the standard 10% baseline and is likely to affect Bangladesh’s competitiveness in the global garment supply chain.
AIFs, not luxury apartments: How India’s wealthy are reimagining real estate investments, says Karthik Athreya
Indian high-net-worth individuals are increasingly favoring Alternative Investment Funds (AIFs) for real estate investments, moving away from direct ownership. This shift is driven by the booming commercial market and the desire for professionally managed portfolios. AIFs offer attractive yields and eliminate the hassles of property management, making them a preferred choice for wealthy investors seeking […]
Stocks to buy today: RIL, IOC among top 10 trading ideas
Indian market is expected to consolidate, mirroring mixed global signals. Nifty futures saw slight gains, closing at 25,541, while India VIX experienced a rise. Options data suggests a trading range between 25,000 and 26,000. Experts recommend buying RIL, IOC, CESC, Sun Pharma, Apollo Tyres, Britannia Industries, ICICI Prudential and Voltas, setting specific targets and stop-loss […]
AMC stocks rise over 3% as Sebi mulls easing mutual fund business norms
Shares of AMCs like HDFC AMC, Aditya Birla Sun Life AMC, and Nippon Life India AMC are likely to be in focus after Sebi proposed easing norms governing mutual fund operations. The regulator plans to relax the broad-basing requirement, allowing AMCs to manage non-broad-based pooled funds without a PMS licence, subject to strict regulatory oversight.
Jammu & Kashmir Bank shares in focus as ace investor Mukul Agrawal buys 1.3% stake in June quarter
Mukul Mahavir Agrawal acquired a 1.27% stake in Jammu & Kashmir Bank during the June 2024 quarter. The bank reported a 9.5% YoY growth in total business in Q1FY26, with deposits up 12% and advances up 5.5%. While Q4 net profit declined due to higher provisions, the board recommended a 215% dividend payout.
Positive Breakout: These 6 stocks cross above their 200 DMAs
In the NSE list of stocks with a market cap over Rs 10,000 crore, six stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on July 6, 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. […]