Lok Sabha polls: Yuvraj Singh denies media reports of him contesting from Gurdaspur
Former Indian cricketer Yuvraj Singh has clarified that he will not be contesting the upcoming Lok Sabha elections from Punjab's Gurdaspur constituency, refuting media reports. He expressed his commitment to continue helping people through his foundation 'YouWeCan'. Yuvraj's name had surfaced in the media as a potential candidate for a BJP ticket from Gurdaspur, currently represented by actor Sunny Deol. The Lok Sabha elections are expected to be held in April-May, with key states playing a crucial role in shaping the political landscape. Key Points
Economic TimesMayuresh Joshi on 3 Adani Group stocks that can be bought on dips now
Mayuresh Joshi, Head of Research -India, William O'Neil, says earnings are expected to hold up the market because that is ultimately the crux on which the markets hinge upon. The market looks in fine fettle as we speak and both the macros and micros as far as India is concerned are holding out pretty well for the markets. Key Points
Economic TimesBe selective in PSUs; exuberance in IPO market may continue in 2024: Saion Mukherjee, Nomura
Saion Mukherjee says: “We have not seen any major crash or an event in the market so to say since the Covid pandemic started. So, the liquidity environment has been extremely supportive which has led to the present optimism and if we get a soft landing and we do not have a major accident so to say, probably IPO market will continue to see this level of exuberance continue in 2024.” Key Points
Economic TimesHow to pick stocks when market is at record high? Anand Shah shares his playbook
We believe manufacturing and allied industries like auto ancillaries, metals, defense, textiles, capital goods, utilities, logistics, corporate banks etc. will continue to remain under spotlight in the year ahead given the macro and micro tailwinds. We continue to have a favorable outlook for the banking industry, which is fueled by strong growth potential from rising loan growth and falling credit costs. Key Points
Economic TimesMidcaps and smallcaps will continue to drive the rally upwards: Deepak Shenoy
“ I continue to think local domestic money that is coming in mid and smallcaps will continue to fuel, it if it has to keep going ahead. From January onwards, results will show us how good the Diwali season is and if Diwali was really good in terms of earnings, we should see the consumer durables or the staple sector start to take more weight in the movements going forward.” Key Points
Economic Times
Why has this fund manager always been a midcap and smallcap investor?
Aequitas Investments, a small and mid-cap investor, is still finding companies in the small and midcap sector with inexpensive valuations and continues to invest in them. While there is froth in the small and mid-cap space, there are still pockets with attractive valuations. Aequitas Investment's small-cap strategy has been the top performer in September, driven by long-term calls in sectors such as infrastructure and manufacturing. Thematic funds focused on India's growth story are expected to do well, but it is important to enter at the right stage Key Points
Economic TimesUS government faces shutdown on October 1: What does it mean, who gets affected?
US Government Shutdown: Many government agencies have not updated shutdown plans. Here's a guide to what would stay open and what would shut down. | World News Key Points
Hindustan TimesMidcap and smallcap stocks will continue to outperform, says Vinit Bolinjkar. Here’s why
Vinit Bolinjkar, Head of Research at Ventura Securities, expects earnings to continue strong in India, especially with an influx of bond money that will lower the cost of funds. He remains positive on midcap and smallcap stocks, as earnings have been solid and there are opportunities for growth and lower acquisition costs for MSMEs. Bolinjkar also believes that consolidation in the cement industry will benefit smaller players. Key Points
Economic TimesTCS to continue investments in R&D, technology, offices spaces despite ongoing volatilities
The company's promise to continue with the normal wage hikes will hit the operating profit margins by a further 1.70-1.75 per cent in the June quarter, its chief financial officer Samir Seksaria said, adding that the key number will stabilise going ahead into the new fiscal. Key Points
FinancialexpressAshok Leyland working to bring EBITDA margins back to 14-15%; optimistic about Q1 too: Shenu Agarwal
Ashok Leyland's focus is on profitability and getting back to its pre-Covid-19 peak EBITDA levels. The automaker aims to expand its reach, increase its market share, and expand its product portfolio. By working on alternative fuels, electric and hydrogen cars, Ashok Leyland aims to bring in new products for Indian and other overseas markets. Although electric vehicle sales depend on STU orders, the company aims to quickly finish those and launch electric Dost and Bada Dost models by late 2021 or early 2022. Key Points
Economic Times
Earnings season held up well; positive on Cipla and Sun Pharma: Mayuresh Joshi
The BFSI space has held up well. Midcap IT has produced another quarter of stupendous earnings and management commentaries are pointing out towards no damage to probably come from either the pricing action or demand dynamics at least at this juncture. A few of the capital good companies obviously have reported a strong set of numbers and though cement companies have disappointed, the reason is obvious. Q2 is expected to be weak for monsoons. Key Points
Economic TimesNifty 50 could rise to 18700-18750, support at 18550; Bajaj Finserv, HDFC Life, Indigo among top stocks to buy
For Nifty and Sensex, 18550 and 62550 would be the trend decider level. As long as the Nifty and Sensex are trading above the same the uptrend formation is likely to continue. Key Points
FinancialexpressStock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 36%
The script of the up move in the markets continues to be the same, PSU’s, so whether it is PSU banks or any other non-bank PSU, on the list of top gainers is being dominated by them once again. Well there is no point in guessing till when this up move can continue in in PSU space, but if one is looking for investing in non- psu space, it would be better to focus on fundamentals and if there is any improvement in them which has made the overall score go up in the last one month then have a look at those stocks. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame. Key Points
Economic TimesI see no reason why Indian student numbers shouldn’t continue to grow in Australia: Philip Green
Australia's High Commissioner to India, Philip Green, has announced that commitments under the Australia-India Economic Cooperation and Trade Agreement (AI-ECTA) will be upheld under the new Migration Strategy. Indian graduates will continue to be eligible for a Temporary Graduate Visa for two years for a bachelor's degree, three years for a Masters degree, and four years for a PhD. Key Points
Economic TimesTechnical Analysis: Nifty down, but not out
The US economy would eventually slow down and may enter a mild recession. India, on the other hand, would continue to grow at a robust pace and stand out among the larger global economies. Key Points
Financialexpress
New Tech Mahindra structure to help drive innovation, improve margins & growth: CEO Designate Mohit Joshi
Tech Mahindra's CFO, Rohit Anand, discussed the impact of the current demand environment on the company's operational drop and revenue. He mentioned that while deal wins have improved, it will take time for them to convert into revenue. Anand also highlighted the company's focus on defining its core areas of focus and continuing the cost and revenue restructuring exercise. CEO Designate, Mohit Joshi, emphasized the importance of service resilience, service line innovation, and improving margins in the company's new organization structure. Key Points
Economic TimesThese largecaps have ‘strong buy’ & ‘buy’ recos and upside potential of more than 20%
Today despite the fact that the nifty heavyweights are trading in green territory, nifty is still trading just moving close to the red territory. This along with a negative market breadth is clearly indicating that finally a phase of profit booking has come. There is a high probability that this corrective phase may continue further. Because the valuation differential in large and mid cap had increased very sharply, there is more probability of a mean revision trade taking place. It might be better for have a bias toward looking at large cap when investing fresh money. Key Points
Economic Times‘First rate cut on table from June’: SBI says RBI MPC to continue policy stance for now
The MPC had also left the policy stance unchanged with focus on withdrawal of accommodation in December. The latest SBI report said that the stance should continue to be withdrawal of accommodation. Key Points
Business TodayPolicy support likely to continue: 4 stocks from railways sector with upside scope of up to 30%
Railways was among the last sectors to get re-rated due to the policy focus. But the speed at which the stocks got re-rated was very sharp. Whether it was companies which are financing the expansion of railways or private sector companies which are making coaches in the last eighteen months all of them have done extremely well . After they reach a certain level of valuations where they may not be classified as cheap. The question is whether the policy push which may continue in coming years will make their bottomline move up sharply which ensures that not only valuations are taken care of but also there is continued re-rating. Key Points
Economic TimesTailwinds to continue: 6 capital goods and engineering stocks with upside potential of up to 40%
Capital goods and engineering companies had faced tough times for many years. Given the fact that hardly any capacity buildup was taking place in any industry, a number had to change their product portfolio and had to live with very low margins. But all the efforts have now started to show some results. Three things impact the demand for capital goods . First, spending by the government, spending by the private sector. Last but not the least the focus of the government policies. After the state election results, there is a higher probability that two out of three factors are likely to continue to play. Will this lead to another round of strong re-rating? Key Points
Economic Times
As bulls and bears fight over Nifty, investors should focus on 6 largecap stocks with right mix of RoE & R
Once again bulls have shown that it is not easy to beat them. After a correction in September and October, November has been a month where bulls are back in control. While this fight will continue as pulls and pressure increase toward the end of the year, it would be better that as an investor stay focussed on the business you are owning. Businesses which have a track record of being able to deal with all the swings of economic cycles. It is the large cap companies with strong balance sheets, strong brands and a history of not needing frequent doses of capital which probably would be able to weather a storm and do well. Key Points
Economic Times6 stocks from hospital sector with upside potential of up to 27%
While all the headlines have been hogged by new age companies and sectors, there has been a sharp surge in valuations in one sector which has performed extremely well in the last two years. It i the hospital space and it is still under the radar. The post listing performance of IPOs from this space shows that both domestic and institutional investors are ready to pay a premium to have these stocks in their portfolio. Given the macro picture , it has a secular growth trend as per capita spending is likely to continue to increase. Key Points
Economic TimesPIL in Madras High Court questions Senthilbalaji’s continuation in the Cabinet
A public interest litigation petition has been filed in the Madras High Court questioning the propriety of allowing V. Senthilbalaji, arrested by the Directorate of Enforcement (ED) on June 14 in a money laundering case, to continue in the Cabinet as a Minister without portfolio despite him being in judicial custody. Key Points
The HinduCyclone Biparjoy effect: Chandigarh to see light to moderate rain from June 17
Due to the cyclone, South Westerly winds are now active in the region. These will affect the Western Disturbance which is already affecting the region and is likely to intensify its effect. Chances of rain will continue till the end of the week Key Points
Hindustan TimesIPL 2023: We’ll continue to play fearless cricket says KKR assistant coach
KKR managed to return to winning ways with a win over Royal Challengers Bangalore. They still have to win at least five from their remaining six matches to seal a playoff berth. Key Points
The Indian Express
In Ramzan message, Biden says will work towards 6-week Gaza ceasefire
US President Joe Biden has said the US is working to establish an immediate and sustained ceasefire for at least six weeks as part of a deal that... Key Points
The Tribune India‘Don’t change Governor, let him continue until 2024’: MK Stalin’s dig at PM
Tamil Nadu Chief Minister MK Stalin has urged the continuation of Governor RN Ravi in his post until the 2024 Lok Sabha polls. He said the Governor's remarks would help strengthen DMK's election campaign. Key Points
India TodayEWS students: Hope for kids to study beyond Class 8
Under the RTE Act, economically weaker students who passed Class 8 will continue studying till Class 12 with the support of benevolent people and CSR funding. An NGO, Rightwalk Foundation, is seeking funds from people to contribute to the fees of poor children. The money will be credited directly to the school?s account every six months. At least 50 students will benefit from this initiative. Key Points
Hindustan TimesMade money in small and midcaps? Book some profit and raise allocation to largecaps: Abhay Agarwal
“Among the largecaps, we have added Reliance, Kotak Bank, Dr Reddy's and Divi's. We are turning quite positive on largecap pharma segment because after years of struggle with pricing and volumes in the US markets and the struggles with US FDA, this is a sector which is now seeing good traction and is very competitive right now.” Key Points
Economic TimesMarket to remain volatile, better to be in these 4 sectors: Shibani Sircar Kurian
“The domestic facing companies and sectors continue to be better placed in this volatile market. So, banks, industrials, automobiles, cement are some of the segments where we continue to remain positive as compared to the global cyclicals. We have to be pretty much stock specific in FY24 as a whole.” Key Points
Economic Times
How much positivity in IT stocks is already priced in? Apurva Prasad answers
Apurva Prasad says s that the IT pack has experienced a positive movement in the last two months. However, he believes that a significant portion of the improved outlook is already priced into the market, with PE multiples increasing by 20-25%. Prasad emphasizes the importance of operational performance and highlights that many companies, including larger ones, have the potential for margin improvement. Key Points
Economic TimesIndia will have to eventually move to lower customs duty regime, says DPIIT Secy Rajesh Kumar Singh
India will eventually move to a lower customs duty regime and cannot continue protecting domestic manufacturers by citing the infant industry argument. The Department for Promotion of Industry and Internal Trade (DPIIT) Secretary Rajesh Kumar Singh said tariffs are not considered a revenue source but are used as a policy tool to ensure higher protection for certain sectors to boost domestic manufacturing. Key Points
Economic TimesETMarkets Fund Manager Talk: Largecap stocks may outperform mid/smallcap peers in 2024: Canara Robeco MF
We expect DII flows to continue to remain strong, given that this is a structural shift in financial savings allocation of the households in India towards financial assets as against physical assets. We expect the FIIs to also turn constructive, if the election outcome comes as expected. We think the domestic cyclicals like financials, automobiles, part of industrials, telecom, hospitals and pharmaceuticals will continue to do well in CY24; assuming no adverse political outcome. Key Points
Economic TimesChina's economic growth target of 5% for 2023 at risk due to property crisis
China's economic growth is expected to meet its target of around 5% for this year, despite the ongoing property crisis, according to a Bloomberg survey. However, analysts cite property as the biggest challenge for the nation, with the real estate sector expected to continue facing mounting pressure. Key Points
mintNiranjan Gupta takes over as Hero MotoCorp CEO
Niranjan Gupta has taken over as CEO of Hero MotoCorp. Earlier, he was chief financial officer (CFO), Head of Strategy and M&A, the two-wheeler maker said. Dr Pawan Munjal will continue as executive chairman, the company said. TNS Key Points
The Tribune India
ETMarkets Fund Manager Talk: Debt/balanced funds to outperform equity funds near term: Rahul Bhuskute, Bha
Closer home, high inflation, led by food presents another challenge to the markets. With the Rabi crop already affected, the worry now is that El Nino would damage prospects of Kharif sowing too. Key Points
Economic TimesEMarkets Smart Talk: Looking for wealth creation ideas? Sandeep Bagla lists 8 themes for future investing
Sectors like banking and financial services, railways, infrastructure, and defence are likely to continue being favored sectors. Select manufacturing companies could perform well due to PLI schemes and production base diversification. The themes for the next few years are manufacturing, renewables, digitisation, infrastructure, urbanization, premium consumption, financialization of savings, and the rise of equity savings cult. Key Points
Economic Times2 auto stocks Sanjiv Bhasin is bullish on for near term
So I think it will continue to be in a little range bound. We have to understand that the pre-provisioning operating profit was above sentiment, but maybe this was a one off. However, like I said, maybe the sheer weight of being such a large heavyweight will keep it under check. And I think today it could be a little bit weak . But if you have a longer term view, then definitely State Bank is one PSU bank where long term money should find its way. Key Points
Economic TimesBudget 2024: Higher capex for infrastructure likely with green focus
The upcoming interim budget is likely to see higher capital expenditure on infrastructure, with a focus on green investment to meet the demand for earlier committed projects and offset the impact of global uncertainty. Experts expect the government to continue maximizing public expenditure on infrastructure, aiming for gross capital formation on infrastructure to be 8-9% of GDP. The Confederation of Indian Industry suggests that rationalization of subsidies, revenue augmentation, and simplification of taxes could allow the government to increase capital expenditure by 20% to ₹12 lakh crore. Key Points
Economic TimesBlinken asks China to expect candid talk after Biden calls Xi 'dictator'
'US will continue to say things that China doesn't like'. Secretary of State Antony Blinken has said the US will continue to say things that China doesn't like, as he defended President Joe Biden's remarks in which he called his Chinese counterpart Xi Jinping a "dictator". Key Points
The Tribune India
China slowdown won't have much impact on India, says Finance Secretary TV Somanathan
India's finance secretary, T.V. Somanathan, has said that the slowing Chinese economy is unlikely to have much of an impact on India's economy, and the government will continue with its capital expenditure push. The Chinese economy is suffering after retail sales, industrial output and investment data came in much lower than expected. Five major brokerages have now cut China's growth forecast for this year. Key Points
Economic TimesSequoia Capital splits into three different units, India & SEA fund to be rebranded
The India and SEA-focused fund had last raised $2.85 billion in July 2022 to invest in early-stage, venture and growth deals in both geographies. Key Points
FinancialexpressThese largecaps have ‘strong buy’ and ‘buy’ recos with upside potential of over 20%
After a long period of time, bears are seeming confident. How long they will be able to roam on the street is the question for which answers are being sought. For that it would be better to focus on why the correction is taking place. Whether there is just a profit booking after a long phase of out performance or there are any headwinds which the economy is either facing or is likely to face. The answer is very clear that this phase of profit booking and there are no headwinds, in fact there are more tailwinds of clear policy making. This is not to say that this corrective phase will not continue further, if there is any increase in oil prices, there might be some short term pressure, but the long term story stays intact. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or strong buy . The screener applies different algorithms for all BSE and NSE stocks. Key Points
Economic TimesLithium Permit Freeze Limited to New Projects, Argentina Province Says
The Argentine province of Catamarca said a court ruling to halt the issuance of lithium permits only affects new projects, leaving companies such as Arcadium Lithium Plc and Posco Holdings Inc. free to continue producing the metal and developing existing projects. Key Points
mintStock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 34%
While the nifty and sensex have been touching new highs, if one looks at the market breadth, it is showing signs of profit booking. The way things are panning out, it is clear that divergence between what is happening to nifty and the broader market level might continue further. Nifty which has underperformed mid and small cap indices is witnessing a catch up. In such times, if one is taking fresh exposure to equity, ensure that there is some level of quality as far as the business and fundamentals are concerned. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame. Key Points
Economic Times
These midcap stocks with ‘strong buy’ & ‘buy’ recos can rally over 20%, according to analysts
After a strong phase of outperformance , mid cap stocks are witnessing a a wave of profit booking move. Unlike the past few weeks, where a rotational profit booking was taking place, this time the correction is taking place across the board. Now how long it will continue will depend on how the SEBI advisory pans out and also how nifty moves. During this phase, analysts are bullish on select stocks from different sectors, some of which are either the leaders of their sector or part of the top three companies which are known to be well managed. Key Points
Economic TimesFor high risk averse: 5 midcap stocks from different sectors with potential upside of up to 20%
In the last two months of the market, while the midcaps have done well, though the pace at which the outperformance was taking place has slowed down. So, there is a profit booking taking place in different parts and sectors. Part of this profit booking is due to the fact the valuations are high and probability that it would continue. At this point of time one should also focus on reducing risk.In reducing market risks, investors should integrate both quantitative and qualitative criteria to assess stocks, aligning expectations with realistic market performances and avoiding impulsive shifts based on short-term fluctuations. This involves a disciplined approach to examining fundamentals, particularly focusing on crucial financial ratios such as Return on Equity (ROE) and Return on Capital Employed (ROCE). These measures help in evaluating a company's efficiency and profitability, guiding investors away from making hasty decisions which are mostly done in a bullish market. Key Points
Economic TimesNavalny’s widow Yulia vows to continue his fight
The widow of Russian opposition leader Alexei Navalny on Monday vowed to continue his fight against the Kremlin, while authorities denied his mother access... Key Points
The Tribune IndiaWhat's next for Zee Entertainment, promoter family, and Punit Goenka
Zee Entertainment Enterprises CEO & MD Punit Goenka and the promoter family can continue to call the shots with a tiny equity stake. Financial institutions may wait for Goenka to find a 'white knight' and for Sebi's final report and court decision. Depromoterisation is voluntary, but the promoters and CEO of Zee want to continue. Shareholders rarely push for change due to a lack of activism in the corporate landscape. Key Points
Economic TimesThese midcap stocks with ‘strong buy’ & ‘buy’ recos can rally over 20%, according to analysts
Even when nifty and Sensex had been correcting, midcap stocks have been continuing with their party. Today when nifty is trading in green, the gain in midcap indices are higher as they continue to outperform. This is happening as the “risk on trade” continues with all the positive news across the globe and is clearly reflected in the overall markets breadth which is extremely positive. Over the next few weeks, if there is a resumption of positive FII flow than we might see these stocks getting pushed. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or strong buy . This predefined screener is only available to ET Prime users. Key Points
Economic Times
Nifty Midcap Select: Are analyst projections an indication of an impending correction?
Corrections or what a phase of profit booking is something which is very common and healthy in the markets. The question is whether the correction should be used as an opportunity to take fresh positions or not. In the last couple of weeks a debate has started on the street that large cap stocks have done nothing in the last two years, whereas mid-cap has given stellar returns during the same period. The question is whether one should expect the same performance to continue or should one go by logic that because something has done well in the last two years the law of averages will prevail which essentially means that there is a low probability the same returns will come in the next one or two years. Key Points
Economic TimesStocks in news: Infosys, Mankind Pharma, SpiceJet, DLF, Dixon
Infosys on Monday said its CFO Nilanjan Roy has resigned from the company to pursue other personal aspirations. Nilanjan will continue to be with Infosys till March 31, 2024 as CFO. Key Points
Economic Times‘Justin Trudeau a laughing stock in India…Joe Biden treating him like doormat’, says Canada's opposition leader
Pierre Poilievre, the leader of the opposition party, condemned the recent targeting of Hindu temples allegedly by pro-Khalistan elements. He said that this party will continue to mark its protest against it, and seek action behind those involved. Key Points
mintStock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 38%
As broader market indices, sensex and nifty continue to form new highs some minor consolidation is happening in markets. During this period, some stocks have witnessed consistent improvement in their scores. The selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame. Key Points
Economic Times