The December quarter show of India Inc though, was broadly in line to slightly better than street expectations, there were exceptions which failed to cheer up investors with good numbers. Around 26 companies, with a market capitalisation of over Rs 2,500 crore, reported atleast 25% year-on-year (YoY) fall in both revenue and profits in the … Read more
Mumbai: Various global multinational giants have poured cold water on the expectations of local investors, who mopped up shares of Indian subsidiaries of these entities in anticipation of their delisting from the domestic bourses. With parents of at least eight MNCs choosing to cash out of the domestic arms in the wake of the sharp … Read more
Mumbai: The dynamics of stock leadership on Dalal Street has undergone a change of late with stalwarts of the recent past taking a backseat and giving way to new stars. Gone are the days when bluechip consumer, private financials and information technology (IT) dominated the performance of the Nifty for nearly a decade. Now, the … Read more
Mumbai: More than 20 companies have announced bonus share offers within a mere six-week span, bringing the total number of bonus issues for 2024 to 35 thus far. That compares with 90 companies that issued bonus shares in the last calendar year. Experts attribute the surge to burgeoning earnings and a brighter business outlook, while … Read more
In atleast 30 stocks, mutual funds have increased their stake consistently in the last three quarters, and their bullish stance alongwith the positive market sentiment saw around 11 of them giving multibagger returns in the last 10 months. What’s also interesting to note is that all the 30 companies have reported atleast 20% year-on-year (YoY) … Read more
“As I see it, many of these companies probably may demand some amount of inclusion into the smallcap index, but I would feel that here the time is a little bit more watchful, careful,” says Deven Choksey, MD, DRChoksey FinServ Pvt. Ltd.Did you manage to glance through the list of smallcap additions in MSCI? I … Read more
Over the halfway mark into the earnings season, nearly 190 companies will be announcing their December quarter earnings on Wednesday with Street keeping its eyes fixed on the results of Nestle India, Power Grid Corporation, Tata Consumer Products and Trent. Among other important results will be those by Fortis Healthcare, Gujarat Narmada Valley Fertilizers & … Read more
It will be an action packed day for Street on Thursday with the unveiling of Union Budget 2024 and 86 BSE listed companies announcing their December quarter earnings. Among the Nifty companies Adani Enterprises, Adani Ports & Special Economic Zone and Titan Company will be the ones that will be watched out for. Among other … Read more
Mumbai: The use of market repurchase (repo) transactions as a funding instrument for banks, mutual funds and other corporates has climbed to an all-time high as deficit liquidity in the banking system persists at elevated levels pushing up borrowing costs across the economy. A market repo transaction is used to raise short-term funds with securities … Read more
Mumbai: Shares of companies with higher foreign ownership have slumped of late as renewed outflows from overseas investors have put the spotlight on these stocks. With the deadline for foreign portfolio investors (FPIs) to comply with the beneficial ownership norms around the corner, analysts said sentiment in several such stocks is jittery.HDFC Bank, with a … Read more
