In The Era Of Momentum Investing, Passive Is Where The Money Is
An analysis of the fund flows this year so far shows that a whopping 42% of FII’s total inflows into India’s public market in 2023 have been into into passive funds
Category: BUSINESS
How long can Indian stock markets defy the global correction?
The Indian stock markets have shown remarkable resilience in recent weeks even as global equities have faced intense selling pressure. The benchmark Nifty 50 index has fallen only marginally despite the US markets witnessing one of their sharpest corrections in years. The Dow Jones Industrial Average (DJIA) has plummeted by nearly 1,500 points or around […]
Bidding for Biogen’s Biosimilars – Intas Best Placed Over Samsung & Dr. Reddy’s?
A bidding war is reportedly heating up for Biogen’s biosimilars portfolio, with three major pharmaceutical companies reportedly offering around $1 billion for the business unit – Samsung Bioepis, India’s Dr. Reddy’s Laboratories, and Intas Pharmaceuticals. Of the three, Samsung and Intas may be placed to gain the maximum from the acquisition. Biogen’s biosimilars division focuses […]
Escorts Kubota Well Positioned for Growth With Kubota Partnership, Says Sharekhan
Escorts Kubota Limited (EKL), one of India’s leading tractor manufacturers, is poised for strong growth in the coming years, according to a new research report by Sharekhan. EKL, formed after the merger of Escorts Limited and Kubota Corporation of Japan, will benefit significantly from synergies and integration of the two entities, said Sharekhan in its […]
ANALYSIS: Hydrogen Fuel Cell Vehicles May Replace Battery EVs Eventually
As big groups like Adani, Ambani, Tata and L&T make moves on the hydrogen fuel sector, an analysis of the relative strengths of hydrogen fuel cell technology and battery technology suggests that the HFC technology is likely to turn out to be the long term winner. The analysis suggests that battery-based technology will definitely dominate […]
Affordable Housing Finance Market Remains Crowded Amid Fierce Competition
The affordable housing finance market in India continues to see healthy demand but faces intense competition, according to a new report by Incred Capital. The report highlights that while demand for affordable housing loans is expected to remain strong in Q2FY24, heightened competition between banks, small finance banks (SFBs) and non-banking financial companies (NBFCs) has […]
Metro Brands to pursue multi-brand, multi-channel strategy
Mumbai-based footwear retailer Metro Brands Ltd plans to pursue a multi-channel, multi-brand strategy for growth in coming quarters, the company told analysts from Nuvama Institutional Equities. Metro Brands operates over 600 stores across India for its flagship Metro branded outlets and other brands like Mochi, Walkway, Da Vinci and J Fontini. The company listed on […]
Logistics Activity Picks Up in August, Providing Relief to Industry
After months of sluggish growth, India’s logistics industry finally saw some brighter signs in August with key indicators pointing to an uptick in activity. According to a report by Nuvama Institutional Equities, generation of e-way bills, an important gauge of domestic trade, rose 19% year-on-year in August to cross its previous all-time high. Breaking it […]
Indian Stock Markets Hits Bubble Zone, Correction Imminent – Experts
The Indian stock markets are flying high, with the benchmark Nifty 50 index having nearly doubled from its March 2020 lows. The Sensex has also hit multiple record highs this year. However, this incredible rally has pushed valuations to record levels, raising concerns if the market is overheated. Stretched Valuations Across Indian Stocks and Indices […]
Bharat Forge Aims to Double Revenue in 3 Years on Defence, Auto Growth
Pune-based auto component major Bharat Forge is aiming to double its consolidated revenue to around $3.2 billion in the next 3-4 years, said analysts from InCred Equities after an interaction with the company management. The auto and engineering parts manufacturer is banking on strong growth prospects in the defence and aerospace sectors and with a […]
Indian pharma sales to see pick up in second half of the year – analysts
The Indian pharmaceutical market is expected to show a recovery in the second half of the financial year, according to analysts tracking this sector. Pharma sales grew by 10.1% in the 12 months ending August 2023 compared to the same period last year. This growth was driven by a combination of price increases, new product […]
Yatra IPO: Go for it if you are not risk-averse
Mumbai-based online travel company Yatra Online Ltd has launched its initial public offering (IPO) to raise Rs 775 crore. The IPO, which opened on September 15, will close on September 20. The price band for the IPO is Rs 135-142 per share. Yatra was founded in 2006 by Dhruv Shringi, Manish Amin, and Sabina Chopra […]
SIPs continue to boost Mutual Fund inflows in August
Equity mutual funds witnessed strong net inflows of Rs 279.2 billion in August 2023, a significant improvement compared to July’s Rs 100 billion net inflow. This was driven by continued robust flows into small cap, mid cap and multi cap schemes. Meanwhile, systematic investment plan (SIP) contributions hit another record high of Rs 158.1 billion […]
COLUMN: Is Maruti Suzuki losing the EV war?
Maruti Suzuki has enjoyed an enviable position in the Indian automobile market for decades. The company has dominated car sales in India since the 1980s, capturing over 40% market share consistently. However, recent developments have raised concerns that Maruti Suzuki may be headed down the same path as Nokia and Kodak – complacent incumbents who […]
Centrum downgrades cement stocks on growth slow-down
India’s cement demand is expected to grow at a slower pace of 6-8% in FY24, down from the estimated growth of 12-13% in FY23, said Centrum Broking, as it downgraded stocks of Heidelberg Cement, Sagar Cements, JK Lakshmi Cement and Ultratech Cements. Of these, the last two stocks are still at ‘Add’ ratings. The moderation […]
Maruti Suzuki to generate 15-20% of sales from EVs in seven years
Maruti is gearing up to enter the space in 2025. The company is developing its first EV model at its Gujarat plant, with plans to launch six EV models by 2031 that would comprise 15-20% of total sales
Sobha Ltd’s hard days seem over, time for a relook- HDFC Sec
Leading brokerage HDFC Securities has come out with a positive outlook on real estate developer Sobha Ltd, stating that headwinds are largely priced in and risk-reward is now favorable for further rerating. The brokerage believes the stock’s underperformance versus real estate sector makes valuations compelling for investors to make a fresh entry. In an in-depth […]
Sugar Prices Likely To Go Up As Output Under Stress – JM Financial
Favorable seasonal and production factors that are expected to boost sugar prices in coming days, said JM Financial Institutional Securities in a report titled “Turning Sweeter”. The primary reasons for the bullish outlook on sugar prices has to do with international prices and India’s own buffer stock situation. The upcoming festival season in India, which […]
Kotak Institutional withdraws mid-cap portfolio recommendations citing ‘irrational exuberance’
Leading Indian brokerage firm Kotak Institutional Equities has sounded the alarm on the recent rally in mid- and small-cap stocks, warning clients that the sharp increase reflects “irrational exuberance” among investors rather than fundamentals. As a result, Kotak has dropped its recommended mid-cap portfolio, saying it could not justify recommending stocks trading significantly above fair […]
August a washout, Cement makers try again for a price hike in Sep
Cement companies across India have announced significant price hikes for September 2023 following a decline seen in cement prices in August compared to July levels, said IIFL Securities after talking to dealers. According to the broker, cement manufacturers have indicated price increases of around Rs 35 per bag in the Eastern markets. Other regions like […]