India-UK FTA boosts textile sector, shares surge by 5-12%
The landmark Free Trade Agreement (FTA) eliminates existing tariffs on textile trade between the two countries. As per an Elara Capital report, textiles and apparel trade is at $1.42 billion, with India exporting nearly the entire quantum.
NBFCs raise concerns over planned co-lending rules
Non-bank lenders in Mumbai plan to address the Reserve Bank of India regarding proposed co-lending rule changes. The new model suggests joint loan disbursement, replacing the current assignment practice. NBFCs worry about increased risk and liquidity strain due to longer loan holding periods. Banks are also concerned about dual default reporting affecting borrower trust.
RBI’s dividend payment to govt for FY25 set to beat estimates, could be 50% higher than FY24
The Reserve Bank of India’s surplus transfer to the government for the last fiscal year is projected to reach ₹3 lakh crore, exceeding earlier estimates. This surge is attributed to robust dollar sales, increased foreign exchange gains, and higher interest income. The substantial dividend could help the Centre reduce its fiscal deficit and inject liquidity […]
Why are retail investors betting on beaten-down stocks despite market weakness?
Total retail holding in Central Depository Services (CDSL) went up to 51.4% in the fourth quarter from 42.3% in the October-December quarter, making it one of their biggest bets. Shares of CDSL, which had gone up 22.4% in the third quarter, had fallen nearly 31% in the March quarter
How will India-UK FTA affect Indian alcobev stocks?
Under the new FTA, India has agreed to cut import duties on Scotch, whisky and gin from 150% to 75% with immediate effect, with a further reduction to 40% over the next 10 years. This means that imported spirits, especially premium Scotch, will become much cheaper for Indian consumers.
Defence stocks surge 50% in a month. ‘Operation Sindoor’ type tactical buy or overkill?
Following the successful ‘Operation Sindoor,’ Indian defence stocks have surged, attracting significant investor attention. Experts advise caution against impulsive buying, emphasizing a strategic approach due to potentially inflated valuations after the recent rally. Mutual funds increased holdings in several defence stocks, indicating long-term confidence, while FIIs also raised their stakes in specific companies.
MRF shares settle 4% higher after Q4 profit jumps 31%, dividend at Rs 229/sh
MRF Ltd’s shares surged after reporting a 31% year-on-year increase in Q4 net profit, reaching Rs 498 crore. The company’s revenue from operations also rose by 12% to Rs 6,944 crore. Alongside these strong results, MRF announced a final dividend of Rs 229 per share, bringing the total dividend for FY25 to Rs 235 per […]
Gokaldas Exports, KPR Mill, other textile stocks rally up to 19% on optimism of zero-tariff access to UK market
Gokaldas Exports led the rally, jumping 18.8% to ₹1,013 on the BSE. KPR Mill rose 10.1% to ₹1,122.05, and Arvind Ltd gained 5.8% to ₹387. The rally was fueled by optimism that zero-duty access to the UK market will boost Indian textile exports and enhance competitiveness against countries like Bangladesh and Vietnam.
Simple Energy plans IPO by FY27, aims to raise Rs 3,000 cr
Simple Energy, an electric two-wheeler manufacturer, is planning an IPO by FY27 to raise ₹3,000 crore for market expansion, a new manufacturing unit, and R&D. The company aims to increase its touchpoints from 15 to 500 in the next two years and targets ₹800 crore in revenue in FY26.
HUDCO Q4 Results: PAT rises 4% YoY at Rs 728 crore, revenue jumps 38%
HUDCO reported a 4% YoY rise in Q4FY25 net profit to Rs 728 crore, with revenue surging 38% to Rs 2,845 crore. Full-year PAT rose 28% to Rs 2,709 crore. Loan sanctions and disbursements jumped sharply, while interest income and yields improved. Despite strong numbers, shares fell 3.5% after results were announced during market hours.