Big movers on D-Street: What should investors do with HAL, IOB and Raymond?
Stocks that were in focus included names like HAL, which rose 0.99%, Indian Overseas Bank, which gained 14.30%, and Raymond, whose shares declined 4.94% on Monday.
Over the next 3-5 years, what could be good compounders in making? Porinju Veliyath answers
“The largest two holdings in our portfolio are Tata Communications and Raymond. Raymond has moved from Rs 3000 crore to now around Rs 14,000 crore market cap. Similarly, in Tata Communications, we continue to hold all our stocks and we have been buying till very recently. However, we are ready for 10-15% correction in both the stocks.”
Be selective now. if you feel a particular stock is too overpriced, book profit: Porinju Veliyath
“Rather than getting bothered much about the exuberance, there are some companies which have gone much beyond its fundamentals or justifiable limit. I definitely agree. That is where you have to do capital allocation and move to stocks or businesses still available at very reasonable valuation or stocks that are still underpriced.”
Motilal Oswal is bullish on Raymond recommended buy rating on the stock with a target price of Rs 2600 in its research report dated September 04, 2023.
Raymond soars to record high amid fresh buy ratings
Both firms have set a price target of ₹2,600, implying an upside of nearly 20% from Tuesday's closing price of ₹2,169.90. Earlier in the day, the stock hit an all-time high of ₹2,240. It has risen by 44.32% in 2023 so far as against 10.65% advance in the benchmark S&P BSE 500.
Imagination vs automation: Writers explore AI's role in literature amid fear of its rise
Artificial Intelligence (AI) is increasingly becoming part of the narrative for a growing number of novelists and short story writers, and as many as 10,000 of them endorsed an open letter this summer urging AI companies not to use copyrighted work without permission or compensation.
Fiction writers fear the rise of AI, but also see it as a story to tell
As present in the imagination as politics, the pandemic or climate change, AI has become part of the narrative for a growing number of novelists and short story writers who only need to follow the news to imagine a world upended.
Raymond Q1 Results: Profit jumps on one-off gain from consumer business sale
In April, Raymond agreed to sell its consumer business Raymond Consumer Care including brands such as Park Avenue deodorant and Kamasutra condoms to Godrej Consumer Products for $345 million in a bid to turn debt-free.
Army Chief General Manoj Pande leaves for UK on five-day visit
The Chief of the Indian Army Staff, Gen Manoj Pande, is visiting the UK to attend the 201st Sovereign's Parade of Commissioning Course at the prestigious Royal Military Academy in Sandhurst as the 'Sovereign's Representative' for the parade. He will hold talks with the top British defence brass on various matters of common interest, including defence cooperation, counter-terrorism efforts, and strategic planning.
Advertiser body launches media charter to promote transparent practices in advertising
According to the association, the model media agency agreement template was established to establish clear and exact agreements between advertisers and media agencies, especially given the significant media flow and intricacies of the media ecosystem. To prioritise privacy and consumer protection, the charter also establishes guidelines for the responsible collection and usage of consumer data.
Media charter: Advertisers' body pushes for fair practices
To prioritise privacy and consumer protection, the charter also establishes guidelines for the responsible collection and usage of consumer data. The charter also aims to provide unified measurement standards for both TV and digital platforms, allowing marketers to better gauge the success of their campaigns across multiple media channels.
Fitch cuts US credit rating to AA+; Treasury calls it 'arbitrary'
With the downgrade, it becomes the second major rating agency after Standard & Poor's to strip the United States of its triple-A rating. The dollar fell across a range of currencies, stock futures ticked down and Treasury futures rose after the announcement. But several investors and analysts said they expected the impact of the downgrade to be limited.
Godrej Consumer & Reliance can go places, says Sudip Bandyopadhyay. Here’s why
According to Sudip Bandyopadhyay, Group Chairman, Inditrade Capital, stocks worth looking at include Godrej Consumer and Reliance Industries, both of which have been hovering in a range for the last five to six years. With Godrej Consumer, the new management and well-spread-out business across different geographies in the world are reasons to expect a breakout. As for Reliance Industries, the company's multiple businesses will be segregated over time, leading to a significant upward value movement.
Trade Spotlight | Your trading strategy for Syngene International, Poly Medicure, Raymond today
We have seen breakout of consolidation range in Poly Medicure, which has formed long bullish candlestick pattern on the daily scale with above average volumes. The stock ended at fresh record closing high of Rs 1,222, rising 6.7 percent.
ICICI Bank, Keystone Realtors among 10 overbought stocks with bearish RSI
StockEdge reported an overbought RSI trend in about a dozen stocks with a declining bearish trend and a fall in RSI below 70. From this list, ETMarkets picked 10 stocks that reveal an intriguing combination of an overbought zone and bearish RSI trends for analysis. The Relative Strength Index (RSI) is a crucial technical
India Inc likely to spend 20-25% more on advertising in the second half of 2023
Advertising and consumer promotion spending is anticipated to increase by 20-25% YoY during H2 2023, driven by the Cricket World Cup, a rainy summer causing companies to delay ad spending and the festive season, according to executives. E-commerce, FMCG, apparel, fintech, banking, hospitality, retail and the automotive industry are expected to lead the advertisement campaigns.
Yellen is visiting India yet again to promote closer ties and tackle global economic problems
U.S. Treasury Secretary, Janet Yellen, is set to meet finance ministers from the Group of 20 countries in India, following a trip to Beijing. Yellen's main objectives during her visit include pressing for debt restructuring in developing countries, pushing for modernisation of global development banks to focus more on climate change, and deepening the US-India relationship.
‘Blacklist’ ending explained; Know what happens to ‘Red’ as Season 10 concludes with two-part finale
James Spader's iconic character, Raymond "Red" Reddington, took his final bow in the two-part series finale of The Blacklist, which premiered on Thursday night (July 13).
Ace investor Mukul Agrawal raises stake in this small cap, trims in this multibagger
He also decreased his holdings in Surya Roshni by 0.2% in the June quarter, bringing it down to 1.8% or 10 lakh shares from 2% in March quarter, the Trendlyne data said. The value of his holdings are worth Rs 78.8 crore.
'The Lincoln Lawyer' Season 2: Release date, cast, and plot details of The Lincoln Lawyer 2
'The Lincoln Lawyer' Season 2 will be released in two parts, with Part 1 premiering on July 6 and Part 2 on August 3. Each part will have five episodes.
US airline stocks set for best month in 2 years on summer rush, lower fuel prices
U.S. airline stocks are set to have their strongest monthly performance since 2021, fueled by lower fuel prices and strong travel demand. Despite inflation and signs of a slowing economy, travel spending has rebounded and the number of Americans traveling by air during the Fourth of July holiday is expected to surpass previous records. The outlook for the summer months is optimistic, with a projected 1% increase in passengers compared to 2019. However, analysts expect air travel demand to moderate in the second half due to uncertainty and limited visibility.
Cyient, Raymond and 6 other Nifty small cap stocks soared over 100% from their 52-week low
Several stocks in the Nifty Smallcap 100 index have shown an impressive recovery from their 52-week lows, with standout performers including Mazagon Dock Shipbuilders and Jindal Stainless. Mazagon Dock Shipbuilders witnessed a remarkable increase of 429.49%, while Jindal Stainless marked an increase of 233.11%. Other notable recoveries include KEI Industries, Raymond, Cyient, Tanla Platforms, KPIT Technologies, and RBL Bank, demonstrating effective management strategies, resilience, and capacity to navigate market challenges and capitalize on growth opportunities. These recoveries highlight the potential for growth and market resilience within the Nifty Smallcap 100 index.
Iconic trailblazer Tina Turner to receive special tribute at Macy's 4th of July Fireworks Spectacular
Tina Turner passed away in May at the age of 83. The star will be honored with a special tribute at this year's Macy's 4th of July Fireworks Spectacular in New York City after a spectacular display of the "Golden Mile" show.
Suzlon Energy, Tanla Platform among 8 Nifty smallcap stocks that surged over 100% from their 52-week low
Nifty Smallcap100 stocks show significant recoveries from their 52-week lows, including KEI Industries, Raymond, Cyient, Tanla Platforms, Jindal Stainless, RBL Bank, Kalyan Jewellers, and Suzlon Energy. The recoveries are a testament to the companies' resilience and growth potential, reflecting market participants' renewed confidence in their future prospects.