Zomato, for instance, has been the only new-age company which has achieved profitability in the April-June quarter (Q1) of the current financial year (FY24)
The move to demerge the hotel business into a separate entity by ITC has brought back focus on hotel stocks, which have already seen a good run thus far in FY24.
It is crucial to set a strict stop loss at 19,525 to manage risk since resistance levels are projected at 19,380 and 19,490
Stocks to Watch today, July 7, 2023: Titan Company has registered a 20 per cent year-on-year (YoY) consolidated revenue growth in Q1FY24
Analysts suggest investors stay selective and look for valuation comfort and earnings visibility before investing in the mid-and small-cap segments.
Jefferies estimates the structural flows from retail to the equity markets at around $30-35 billion per annum
Those taking MF route may begin with a passive fund, gradually invest in various market caps, asset classes
Nepal Prime Minister Pushpa Kamal Dahal 'Prachanda' on Thursday said huge business opportunities are there for investors and sought Indian investments in various sectors such as mining, manufacturing, agriculture, energy, tourism, infrastructure, information technology and hospitality. He said that abundance of natural resources, large pool of human capital, a promising market with sound policies and regulatory framework makes Nepal an ideal attractive destination for investment. "No countries other than Nepal and India share such an intimate friendship and deep rooted cultural affinity providing an excitingly favourite business environment. Moreover, the two governments are moving ahead with bold decisions to transform the development landscape. This needs to be echoed by the private sector which is a powerful engine of growth," he said here while addressing CII's India-Nepal Business Summit. Opportunities for investments across a wide range of areas including mining, manufacturing
Wipro has approved a Rs 12,000 crore share buyback at Rs 445 per share. Currently, the stock trades at a 16 per cent discount to the buyback price.
Nifty 12-month forward PE is around 23 per cent below peak. Indian equities should find support from robust earnings outlook owing to strength in the domestic economy.
Analysts suggest that the overall market valuation has become attractive after the recent correction and investors can start buying large-cap stocks from a medium-to-long term perspective.
Primary markets will take few months to recover, says Ashutosh Tiwari of Equirus. Investors, he said, are now only interested in businesses which have better historical growth and cash flow profile.
Closing Bell: On the Nifty, Adani Ports closed in green after two days with a firm gain of 6 per cent., while Adani Enterprises erased over 50 per cent of its day's losses to close 2 per cent down
CLOSING BELL: Broader markets, however, underperformed benchmark indices as Nifty SmallCap 100 and Nifty MidCap 100 indices dropped up to 0.1 per cent
The change in stance with respect to Zomato is a complete reversal from nearly a month ago (November 13), when the stock was a high-conviction 'buy' for Jefferies with a price target of Rs 100
Morgan Stanley remain bullish on consumer discretionary, industrials, financials, and technology; and remain underweight all other sectors
Metals, state-owned oil marketing companies, and export/global economy-linked sectors may not see any meaningful rally
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At a time when there are many risks and uncertainties in the global economy, a 20 per cent allocation to gold ETFs in an investment portfolio during Diwali is ideal, said Quantum AMC
The venture debt market is becoming popular within the start-up ecosystem with a lot of new funds coming up and limited partners also showing their interest in financing such investments