Tailwinds of festive season and cricket world cup: 5 QSR stocks with upside potential of up to 27%
Junk food is bad for health, but having it once in a while is ok. Similarly, having some exposure to the companies which are selling them also may not be bad for one's portfolio, From having only two listed companies, Jubilant and Westlife, the OSR space saw many other players getting listed on the bourse in the last three years. After initial euphoria in which they got very high valuation, these stocks have not been in the limelight for some time. partially because of valuations being high, but also because of the fact the churn in the shareholding which is held by private equity players is still in process of taking place. Will these stocks make a comeback in this festive season? Key Points
Economic TimesHeavy rain lashes Tamil Nadu overnight, schools shut, multiple trains cancelled
Overnight heavy rainfall lashed several parts of Tamil Nadu, forcing the state government to shut down all educational institutions. The Railways cancelled several trains as floodwater entered yards and submerged tracks. Key Points
India TodayStocks in news: Tata Steel, IndiGo, Welspun Corp, Cipla, Mamaearth
Walchandnagar Ind said there is a strike by the labour union at Walchandnagar unit and operations are partially affected. There is no strike at Maharashtra, Dharwad plants. Key Points
Economic TimesBooking.com to launch trip planner partially powered by tech behind ChatGPT
Booking.com said on Tuesday it would test a trip planner, partially powered by ChatGPT's large language model, on its travel booking app that would allow select travelers in the U.S. to pose queries and create itineraries. Key Points
Reuters4 stocks from consumer electrical space with upside potential of up to 30%
Electrification not only in terms of reach across the country but also the number of hours it is available has increased in large parts. It has helped companies expand not only geographically but increase their product range from just electrical wire to white goods. The high valuations have been taken partially care off by the multiple coming down and also partly by the fact that earnings did catch up. Key Points
Economic Times
Maruti Suzuki hikes vehicle prices
On March 23, MSI had announced that it will increase prices of its model range in April to partially offset the impact of overall inflation and regulatory requirements . Already several automakers, including Honda Cars, Tata Motors and Hero MotoCorp, have announced increase in prices from April. Key Points
Economic Times