Reseñas

​In Indian space some of the mid-tier IT companies look really interesting. They have reasonably good amount of niche and at the same time the growth rate would be higher compared to the frontline IT companies and I am talking about the likes of LTTES or LTI Mindshare or for Continue Reading

“Over the next three months, you could start seeing some support for the rupee come back again and the reason for that could be the Fed finally signals that it is going to pause,” said Sakshi Gupta, principal India economist at HDFC Bank.

Sectorally, buying was seen in telecom, realty, public sector and FMCG stocks while selling was visible in metals, utilities, power, and IT stocks.

We thought of the fact that this was the status-quo Budget, and no major tinkering has been done. The Government has continued its previous year’s trend of increasing the percentage spent on capex more than it’s spent on revenue expenditure.

Analysts, on aggregate, cut the consensus target by 1.15% to ₹713.76 per share, as per a Bloomberg poll of analysts. This represents a 31% upside potential from the current levels.

Adani Group bonds rallied on Monday, continuing Friday’s momentum after the group’s promoters said they will be repaying loans worth $1.11 billion early to release pledges on shares, ahead of their maturity in September 2024.

BNP Paribas believes the “valuations still look reasonable” after the Kolkata-based cigarette-to-hotel conglomerate reported cigarette sales volume that grew, in percentage terms, in their mid-teens, while consumer staples and hotels businesses reported all-time-high operating margins of 10% and 31.5%, respectively.

“Certain stockbrokers, due to various factors like their size, trading volumes and amount of clients’ funds handled by them, have come to occupy a significant position in the Indian securities market,” the regulator said in a circular, adding that this was leading to concentration of activity among a few stock Continue Reading

The guidelines, to be effective from April 1, 2023, have come against the backdrop of increasing interest in sustainable finance in India as well as around the globe, and with a view to aligning the framework for green debt securities with the updated Green Bond Principles (GBP) recognised by IOSCO

​​Among the gainers on Monday, Adani Ports soared almost 10%, ACC gained 2.2%, Ambuja Cements rose 1.5% and NDTV advanced 1.4%. Shares of the other six Adani companies extended declines. Adani Enterprises, the group’s flagship entity, shed 0.7%.