While India's largest cement maker is adding capacities to gain market-share, margins are also seen improving
HEARD ON THE STREET: Persist, pivot or pause? All eyes on Fed and central banks as brokerages turn market psychics
SGX Nifty, the Singapore Exchange Ltd.-traded futures on India's key equity NSE Nifty 50 Index, will be known as GIFT Nifty from July 3, and all outstanding orders will be transferred to the GIFT City
Aditya Birla Sun Life Mutual Fund garnered a commitment of Rs 893 crore for its India Equity Services Fund
Domestic inflows since March have been relatively unassuming, at Rs 28,000 crore
The company is a steady performer with good dividend yield (payout was Rs 14.75 in FY23, same as FY22)
The National Stock Exchange Nifty50 gained 126 points, or 0.7 per cent, to close at 18,817
The rescheduling of the holiday led to changes to the timelines for derivatives expiry as well as initial public offerings
But stock appears to have fully priced in the near-term gains
The stock is trading at 16 times its estimated FY25 consolidated earnings per share
With one-off costs behind it, performance of NBFC should improve as merger synergies play out
Business prospects appear good, but the expected launch of Bajaj Auto's line of Triumph bikes could challenge Royal Enfield's dominance
Improving volumes, lower ATF prices have boosted sentiment
If the number of index constituents is less than 50, stocks from the Nifty MidCap 50 Index will be considered
Srinivas said allowing DRs will shift foreign investor flows coming through the participatory note (pnotes) route
Ownership in Nifty Smallcap 250 stocks rises from 7.67% to 8.67% in two years
But some brokerages are cautious, saying M&HCV upcycle may be near its peak
While brokerages are positive on the stock, any resurfacing of inflation or increased competitive intensity are potential risks
Distribution expansion, focus on large categories, and forays into new segments key drivers of a strong performance
Capital markets regulator Sebi on Tuesday levied fines totalling Rs 40 lakh on Brightcom Group and its promoters for flouting regulatory norms