Sona BLW Precision shares slip over 5% amid block deal buzz
Shares of Sona BLW Precision Forgings (Sona Comstar) fell over 5% to Rs 505.2 in Wednesday's trade amid reports of a large block deal executed on the counter. The promoter Aureus Investment was likely to sell a 3.25% stake in Sona BLW Precision Forgings via a block deal. In Q4FY23, the company reported a strong revenue of Rs 744 crore with 35% YoY growth, while the revenue share from Battery Electric Vehicles (BEV) stood at 28%, a growth of 37% YoY.
Indian NBFCs double fundraising via bonds in five days as bank rate gap widens
Indian non-banking financial companies (NBFC) have raised around INR 100bn ($1.21bn) in the past five days from bond issues, double that of the preceding work week. More issues are expected as interest rates in the debt market continue to be low, leading to demand picking up as lending rates drop. Meanwhile, the Reserve Bank of Indias recent move to withdraw INR 2,000 notes is expected to boost liquidity and lead to shorter tenor yields improving.
India’s economy is buzzing but weaker exports could be a drag
The needle on a dial measuring the so-called Animal Spirits swung to six after staying at five for three consecutive months, signaling some strengthening in Asias third-largest economy. While six of the eight high-frequency indicators compiled by Bloomberg showed an improvement, a slowdown in Indias key export markets and high jobless rate may cloud prospects.
Crompton Greaves Consumer Electricals, incorporated in the year 2015, is a Mid Cap company (having a market cap of Rs 16815.56 Crore) operating in Consumer Durables sector.
Crompton Greaves Consumer Electricals, incorporated in the year 2015, is a Mid Cap company (having a market cap of Rs 16831.46 Crore) operating in Consumer Durables sector.
What kind of fixed income options should you look at for investing? Dwijendra Srivastava answers
If you look at the core from about 5.8, 5.9, however you read it, it has come down to 5.1 to 5.2%. And a poor monsoon, if it plays out, will have an impact on the food prices and that could stop the bond rally.
Surfing the internet! How domestic fund houses played with new-age stocks in April
Domestic fund houses have increased their stakes in most of the new-age internet stocks during the month of April. These funds have aggressively shopped for Delhivery, Nykaa and Zomato. Delhivery is among the prominent additions of both Franklin Templeton Mutual Fund and SBI Mutual Fund. While Franklin added Delhivery stock worth Rs 99 crore, SBI Mutual Fund bought shares worth Rs 449 crore. Domestic funds have raised their combined stake by 5.
May will see a sharp bounce back in equity flows: Sunil Subramaniam
The rate cut cycle, when it starts in the US there will be a slowdown coming. So what happens with domestic advisors is that when they sense this, they tend to move into small and midcap stocks versus large cap stocks
Cholamandalam Investment & Finance Company, incorporated in the year 1978, is a Large Cap company (having a market cap of Rs 81316.23 Crore) operating in NBFC sector.
ETMarkets AIF Talk: Alternatives AUM is expected to accelerate at 11.5% CAGR over the next 5 years: Vikaas M Sachdeva
AIF industry has a direct correlation with the growth of wealth and the wealthy in India. Quantum of HNIs (net worth above USD 1 million) & UHNIs (net worth above USD 30 million) is expected to grow by 75% & 39% in the next 5 years respectively.
Looking for schemes with highest risk-adjusted returns? Check out these top 5 options
When choosing schemes, investors should be mindful of the associated risks, while looking at their percentage returns. A risk-adjusted return calculates likely profit in an investment, considering possible risks.
Chiratae Ventures marks final close of maiden growth fund at Rs 1,001 crore
With its dedicated growth fund, Chiratae is expected to invest in growth-stage rounds including Series C and above, while taking a sector-agnostic approach, the VC firm said.
Amazon, one of the largest companies in the world by market capitalization, is on track to shed about $50 billion from its valuation of $1.126 trillion, if losses hold.
Amazon's cloud warning set to erase nearly $60 billion in value
The company, one of the largest in the world by market capitalisation, is on track to shed about $60 billion from its valuation of $1.126 trillion, if losses hold.
Why flying is so expensive and likely to remain that way
The bad news for consumers is that ticket prices are likely to stay elevated for several years, at least according to Michael OLeary, chief executive officer of Ryanair Holdings Plc, Europes biggest airline in terms of passengers carried.
A low-lit room holding a dozen iron bed frames where, instead of mattresses, shoe soles are placed reverentially - and, literally, captivatingly - between a mesh. On first glance, the space looks like a memory of a tragedy, a grim memorial. But all context being stripped, it could be remains of a hospital ward, a prison camp, an army mess.... The soles and the bed frames and the room are all Sundaram says. '12 Bed Ward' shows why Sundaram was no mere artist but an experiencist.
A low-lit room holding a dozen iron bed frames where, instead of mattresses, shoe soles are placed reverentially - and, literally, captivatingly - between a mesh. On first glance, the space looks like a memory of a tragedy, a grim memorial. But all context being stripped, it could be remains of a hospital ward, a prison camp, an army mess.... The soles and the bed frames and the room are all Sundaram says. '12 Bed Ward' shows why Sundaram was no mere artist but an experiencist.
We may see a big shift happening from other asset classes into debt MFs by March end: Sunil Subramaniam
I actually expect that up to 31st March you will see a lot of money come into debt schemes because once you put in before 31st March you can hold it forever and claim indexation as long as you want
Kiran Mazumdar-Shaw to retire from Infosys board; D Sundaram appointed lead Independent Director
Joshi also led the Finacle banking platform business and AI automation portfolio for Infosys. He was also responsible for the companys internal Chief Investment Officer (CIO) function and Infosys Knowledge Institute and held executive responsibility for large deals across the company.
GlaxoSmithKline Pharmaceuticals, incorporated in the year 1924, is a Large Cap company (having a market cap of Rs 21358.71 Crore) operating in Pharmaceuticals sector.
Key beneficiary of improved digital demand, industry leading revenue growth and healthy capital allocation prompts the brokerage to be positive on the counter.
Crompton Greaves Consumer Electricals, incorporated in the year 2015, is a Mid Cap company (having a market cap of Rs 19645.69 Crore) operating in Consumer Durables sector.
The brokerage believes Indian ITs higher presence in India bodes well amid shift towards global delivery centres due to talent shortage in the developed markets.
The brokerage expects Infosys EBIT margins to expand gradually from 21.2% in FY23E to 22% by FY26E on the back of various levers like pricing, utilisation, further optimization of employee pyramid, lower sub-contracting cost, automation and lower attrition.
Crompton Greaves Consumer Electricals, incorporated in the year 2015, is a Mid Cap company (having a market cap of Rs 19944.55 Crore) operating in Consumer Durables sector.
GlaxoSmithKline Pharmaceuticals, incorporated in the year 1924, is a Large Cap company (having a market cap of Rs 21043.62 Crore) operating in Pharmaceuticals sector.
Crompton Greaves Consumer Electricals, incorporated in the year 2015, is a Mid Cap company (having a market cap of Rs 20014.50 Crore) operating in Consumer Durables sector.
Crompton Greaves Consumer Electricals, incorporated in the year 2015, is a Mid Cap company (having a market cap of Rs 20043.12 Crore) operating in Consumer Durables sector.
I do not expect this to be a populist Budget: Sunil Subramaniam
For auto companies also the results are coming out better because the commodity pressure which was there same period last year is not there this year. So there is a YoY benefit to the auto companies and auto demand is picking up and is strong.
The brokerage maintains a Buy rating on Infosys with an unchanged PT of Rs. 1,730 given strong deal pipeline, its end -to-end capabilities and prowess in digital areas, analytics, automation and Cobalt cloud.
The brokerage expects Infosys to deliver margin on the lower side of its guidance band, with strong growth and reduced dependence on sub-contractors as attrition falls.