Infra, BFSI: Key themes and stocks to focus ahead of the Budget
Axis Securities is positive on KNR Constructions, PNC Infratech, RITES, KEC International, and PSP Projects to do well among infra stocks. These stocks have given returns in the range of 2.35-12.63% so far this year on a year-to-date (YTD) basis. KEC International has offered negative 1.52% returns this year.
From BAAP to SAAP! Why investors are dumping high PE stocks
"Those who do not understand valuation metrics keep on buying even at high PE levels thinking that PE expansion will continue further. But the consolidation phase can be long, which means that the PE level will compress," said Kranthi Bathini, equity market strategist at WealthMills Securities.
Elin Electronics IPO kicks off: Here's what brokerages say about the issue
The net proceeds from the fresh issue worth Rs 88 crore will be used to repay debt while Rs 37.59 crore of money raised will be used for capital expenditure to upgrade and expand existing facilities at Ghaziabad in Uttar Pradesh and Verna in Goa.
Planning to buy PSU banks? Wait for a minimum 10% correction: Kunal Shah
"The Bank Nifty index after a breakout is not able to surpass the hurdle of 44,000 on the upside. The index lower-end support is at 43000 and if breached, will lead to aggressive selling on the downside towards 42,000-41,400 levels."
Kaynes Technology offers design-led electronics manufacturing to original equipment manufacturers. Among the listed space, Kaynes Technology competes with Dixon Technologies India, Syrma SGS Technology, and Amber Enterprises India.
Stocks in the news: RIL, Axis Bank, ITC, Coforge, TCPL, Canara Bank and ColPal
RIL, HUL, Bajaj Finserv, JSW Steel, SBI Life Insurance, Hindustan Zinc, HDFC Life Insurance, Ambuja Cements, DLF, United Spirits, Torrent Pharma and Vodafone are among the companies that will announce their results for September 2022 quarter today.
What to look for if you are betting on the capex theme? Gurmeet Chadha answers
“We are seeing opportunity in chemicals and in EMS. The industry can grow from $75 million to $300 million. In fact there is a note that our mobile exports can actually become 5x and we have seen a lot of action there not only just in mobiles but in the migration from OEMs to ODMs like Dixon Tech.”
As per the companys filing with the exchange, Padget Electronics had received approval for disbursement of Rs 53.28 crore from Empowered Committee of MEITY- Government of India, under Production Linked Incentive Scheme for manufacturing of mobile phones (domestic companies).
Final call on PLI Scheme for mobile makers on September 9
As per officials in the Ministry of Electronics and IT (Meity), so far Indian contract manufacturer Dixon and Korean major Samsung have submitted the paperwork around production targets while others including Apple contract manufacturers Hon Hai (Foxconn) and Wistron are in the process.
Stocks in the news: Dreamfolks Services, Dixon Tech, Cipla, Adani Ports and Reliance Power
The company is pivoting from a prescription manufacturing service to an original device manufacturer (ODM) for smart TVs, having acquired sub-licensing rights for Google TV and Android TV from Google. The rights, announced by Dixon on Monday, will enable the firm to both design and manufacture smart LED TVs for third-party brands.
Dixon Tech signs agreement with Google to sub-license rights relating to Android
Dixon Technologies (India) on Monday said that it has signed an agreement with Google to sub-license rights relating to Android and Google TV and has become the first contract manufacturer in India to do so.