“If an investor had invested Rs 1 crore at fund lunch the value would be Rs 1.82 crore at the end of July which means Rs 82 lakhs of wealth created in just over 2 years,” says Aditya Sood, Fund Manager, InCred Asset Management. In an interview with ETMarkets, Sood said: “This is primarily due … Read more
RPG Group company CEAT has outlined a capital expenditure of ₹1,000 crore for the current fiscal even as it sees margin pressure continuing for another quarter due to consistent increase in the price of natural rubber, said managing director Arnab Banerjee.India imports almost half of its requirement of natural rubber, the price of which is … Read more
With the post-election and pre-Budget rally taking Sensex towards uncharted zone of 81,000 level, Nimesh Chandan, CIO, Bajaj Finserv AMC, says elevated valuation level is forcing him to think contrarian. “Due to high valuations in certain pockets of the market, we may see some sector rotation by investors in the coming months,” says the Dalal … Read more
Siddhartha Sanyal, Chief Economist & Head-Research, Bandhan Bank, says there is no urgency on the part of the government or the finance ministry to cut down their projected fiscal deficit or the borrowing number at this moment, possibly they can afford to take a call on that at a later date. But in general, with … Read more
Siddhartha Sanyal, Chief Economist at Bandhan Bank, says, “Growth is improving, interestingly from the rural side where there was a lot of concern at some point of time, it looks like some of the indicators have started gradually improving. Globally, the concerns around inflation is coming back a bit, but still in the case of … Read more
Santanu Sengupta, Chief India Economist, Goldman Sachs, says India’s public debt to GDP at 80% plus is one of the highest among EMs. So though India has had high growth, over a period of time. that debt to GDP number needs to consolidate below 80% and probably get closer to 75%. That is why the … Read more
With Prime Minister Narendra Modi-led BJP failing to secure a simple majority on its own in the Lok Sabha election, global brokerage firm CLSA has tweaked its India portfolio to make it more defensive. It has replaced L&T with HCL Tech in India-focus portfolio. “Recognising these uncertainties, we take out L&T from our India focus … Read more
Stating that political continuity will boost the industrial sector, global brokerage firm Jefferies has listed HAL, L&T and ABB India among top 7 stocks that can rally up to 33% if Prime Minister Narendra Modi retains power. “If the current government retains majority, as exit polls suggest, it adds wings to the strong sector outlook,” … Read more
Mumbai: Most top brokerages raised or retained share price targets on Bharti Airtel, despite the telecom operator’s profits declining in the March quarter, in anticipation of a tariff hike after the ongoing general elections. The stock gained 2.75% to close at ₹1,345.9, after hitting its 52-week high of ₹1,356.85. Analysts see room for more gains … Read more
The Interim Budget which focuses on fiscal consolidation, infrastructure spending, consumption, and capital expenditure can create a ripple effect on many sectors of the economy as the government has set a capex target of Rs 11.1 lakh crore for FY25. Within the confines of the available fiscal space, the government is channeling enough for capex … Read more
