“The management strategy of expanding across various formats, expanding its food delivery, TajSATS. So, I think strategically they are doing very well and now the big focus only on managed hotels is working well for them. Stock is not cheap at these valuations at all. Like, we obviously hold for from very low levels and … Read more
“The percentage of CNX 500 stocks trading above the 50-day moving average has improved from 48% to 65%. This suggests the rally should continue, also supported by strong global cues. Even the S&P 500 has seen a breakout after the last four weeks of consolidation,” says Dharmesh Shah, Head-Technical, ICICI Direct.Well, the market is fairly … Read more
“So, the Go Digit name may be somewhat misleading. So, while they are using technology very well and their internal backbone is all on new tech, it is very-very digital. The selling of insurance in India, if you want to be mainstream, has to be done through agents. But again, technology can allow you to … Read more
For those worried about buying stocks in an expensive-looking market, sector rotation can be an effective money-making strategy, according to Mohammed Abrar Asif, Co-CEO of Riyadh-based Hades Financial Private Capital Group. “This involves reallocating investments from overvalued sectors to those with more attractive valuations. For example, while IT and Financial Services have seen significant run-ups, … Read more
Smart money has recently shifted toward fast-moving consumer goods (FMCG) and consumption-related shares, with global macroeconomic volatility in the shape of weak US economic data, a declining Yen, and rising geopolitical tensions dulling the allure of growth and momentum stocks. However, money managers and analysts see limited short-term upside for FMCG stocks due to high … Read more
India’s equity indices fell nearly 1% on Tuesday, extending their fall to the second straight session as traders remained cautious amid heightened geopolitical tensions and ahead of the Wednesday release of US consumer price inflation (CPI) data. The prospect of lower-than-expected flows into HDFC Bank later this month, after the MSCI decided to raise the … Read more
“One day we see a gap up and another day we see a gap down. So, market is directionless and choppy. So, in such kind of a market, fmcg space and pharma space is doing pretty well, so I like that space,” says Aditya Arora, Adlytick.This has been a very difficult last one, one-and-a-half month. … Read more
“I believe we are currently in India’s Golden Decade and by 2030, on a market cap-to-GDP ratio of 115, Sensex will have scaled the 1,15,253-mark,” says Amisha Vora, Chairperson & MD, PL Capital – Prabhudas Lilladher. In an interview with ETMarkets, Vora said: “We remain positive on Capital Goods, Infra, Healthcare, Auto, Ports, Cement, Private … Read more
Mumbai: A particular kind of sovereign debt trade is set to receive a shot in the arm with the entry of the Life Insurance Corporation of India, signalling a new era of durable long-term government bond demand, running into trillions of rupees, from the insurance industry. The country’s largest insurer – which has a total … Read more
Led by a confluence of global factors like sharper-than-expected weakening of the US labor market, unwinding of Yen carry trades and rising geopolitical tensions in the Middle East, FIIs withdrew $1.3 billion from the Indian stock market in the week. However, buying of around $2.2 billion worth of equities by domestic institutional investors last week … Read more
