US Stock Reports, Quotes and News
Girish Madan from Fitch Ratings discusses the rise in profits for Gencos through factors like lower commodity prices and reduced solar module prices. He emphasizes the ongoing shift towards renewable generation in the power sector for enhanced profitability. He says: \”Going forward, we see some push on the renewable as well as on the thermal power generation front.\”
Dimplekumar Shah foresees Sensex hitting 80,000. Market faces volatility due to geopolitical concerns. Strong GDP and earnings growth expected. Global inflation affects rate trajectory. BJP manifesto impacts sectors. Equity culture on the rise. Shah further says: \”Technically speaking, May has been a positive month 7 out of 10 times in the last decade. However, the derivatives market is suggesting a range bound setup as of now.\”
Prabhakar Kudva shares insights on Active Alpha\’s growth, market outlook for FY25, sector preferences, valuation concerns, and ideal investment horizon of at least 3 years for equities. Kudva further says that they invest on the basis of their data backed quant model named “Sattva” which throws several ideas at them.
Karthick Jonagadla foresees challenges for private banks and FMCG sectors. FY25 market returns may moderate with high performers in specific sectors. Earnings growth alignment for midcap and smallcap stocks, capital inflows shift, and sector opportunities in lower interest rates are key considerations. Jinagadka also says: \”PSUs, defence manufacturing, and rural consumption themes not only highlight the diverse avenues available for investors but also reflects the multifaceted nature of India’s growth trajectory.\”
Aamar Deo Singh advises caution in the volatile market amid global cues and US economic scenarios. Investors should focus on Nifty, Bank Nifty levels, and major movers like Tejas Networks, Cochin Shipyard, and Kotak Mahindra Bank for strategic investments. Singh says: \”Markets and global investors at large, have already factored in a no-rate cut, but it’s the overall outlook and commentary by the Fed that markets will look forward to. \”
You can see from foreign flows perspective that rebound in China is detracting from some of the investment in India. I do not think it changes the longer-term trends, but we are in one of those holding patterns similar to the fourth quarter of 2023.
So, I think around May it is going to be very important time zone for the market, so I am playing tactically over here being bullish on the largecaps and being bearish on the smallcaps and midcaps.
IDFC First Bank, led by V Vaidyanathan, plans to raise capital in FY25 to support growth. The bank\’s strong market performance, deposit growth, and focus on loan quality position it for continued success in the financial sector. Vaidyanathan also says that he expects income to grow faster than and by a meaningful number and maybe by 400-500 basis points. That will open up the jaw of profitability.
The company received a capital markets regulator nod in August last year. The IPO comprises fresh equity issue worth up to Rs 750 crore and offer for sale (OFS) of up to 2.93 crore equity shares by existing investors.
Shares of SBI Cards and Payment Services dropped 4% to the day’s low of Rs 718 on Monday after the company released its Q4 results on Friday wherein an 11% year-on-year (YoY) rise in profit after tax to Rs 662 crore for the quarter ended March 2024 was reported.
ICICI Bank, India\’s second-largest private lender, saw its market capitalization (m-cap) exceed the 8 lakh crore mark as its shares surged to a new 52-week high. The buying action also propelled Nifty Bank to a new record high.
According to the equity advisory firm, apart from a few exceptions the Nifty indices have often demonstrated an upward trajectory around elections. Despite the difficulties and volatility during the previous 30 years, Nifty has provided a CAGR return of 13% when examining market returns.