Bullish on OMC pack; best yet to come for BPCL, HPCL and IOC: Harshvardhan Dole
BPCL, HP, and IOC have the potential for increased PE multiples. OMCs derive over 50% of their EBITDA from retailing petrol and diesel, leading to stable YoY earnings. In the good cycle, that is when the oil prices are benign, all the oil marketing companies tend to trade in double-digit PE multiples. ONGC and Oil India need a clear roadmap for sustainable volume growth to achieve re-rating. Key Points
Economic Times5 stocks Pankaj Pandey is bullish on for near term
We have seen huge amount of volatility related to market outlook and direction. And typically, whenever that happens, you see defensive sort of playing out better. Key Points
Economic TimesInfosys kicks off holiday season with long-awaited pay hike
The hikes, which typically are effective from April 1, have now been announced from November 1, 2023, ET has learnt. It does not include reviews for entry level workers of the IT services major, according to people aware of the matter. Key Points
Economic TimesRussian oil gets pricier as pool of buyers from India, China expands
ESPO oil from the nations Far East has been a particular favourite due to its short shipping distance. Offers for ESPO thats typically loaded at Kozmino port was close to $6.50 to $7 a barrel below ICE Brent on a delivered basis to China, while flagship Urals shipped from western ports was around $10 under the same benchmark, said traders. Key Points
Economic TimesMen step out most for buying grocery
Uttar Pradesh, Madhya Pradesh, Rajasthan and Bihar have the highest percentage of male shoppers, according to the data — 56-69%. By considering the cultural context, fast-moving consumer goods (FMCG) companies can better meet needs and preferences in different states, experts said. “Upon a quick comparison with the female literacy rate, a clear correlation emerges,” said Anshul Gupta, founder of Kirana Club. Key Points
Economic Times
Artificial Intelligence shares, robust funding, appetite for regulation are hints it is booming: Report
New Delhi [India], September 15 (ANI): Artificial Intelligence as a technology in its current form is largely task-oriented and typically not capable of dealing with a situation where logic and reasoning are needed. But it is here to stay and it has of late become the talk of the town. Generative AI, also referred to […] Key Points
ThePrintIndian-American murder-suicides: The American dream, broken by death and despair
India News: Discover the shocking truth behind the rise of murder-suicides in the Indian-American community, exposing the hidden underbelly of the American dream. Explore the factors contributing to these tragic events and the urgent need for mental health support. Stay informed with the latest news and analysis on Indian-American murder-suicides. Key Points
Times Of IndiaBook gains at higher levels and wait for pullback to start buying again: Rohit Srivastava
“If I look back at the last 10 years on our seasonality tool on strike, we end up seeing that seven out of 10 years are negative. And that gives you a 70% probability of a downside for the upcoming month, given the overbought readings that we have right now on key indices.” Key Points
Economic Times