Tag: india

As the Q4 FY24 earnings season is going on, Goldman Sachs (NYSE:GS) analysts have recalibrated their projections for the Indian pharmaceutical sector, factoring in a spectrum of variables from monthly sales data to currency fluctuations. Notably, the sector continues to trade at valuations exceeding one standard deviation above its five-year average, largely propelled by the resilience of major players like Sun Pharma (NS:SUN), Cipla (NS:CIPL), and Divi’s Laboratories.

BJP leader Amit Shah and his wife have a diverse stock portfolio, with investments in over 180 companies. Their top 10 stock bets are concentrated in specific companies, with significant holdings in various sectors like banking, FMCG, and pharma.

Expensive valuations make the FMCG stock less appealing for Motilal Oswal which has a \’Neutral\’ rating on the counter. Its target estimates a 2.5% downside over Thursday\’s closing price.

Pankaj Murarka discusses Tesla\’s entry into India, emphasizing its impact on the luxury electric vehicle market, global vendors, auto ancillary companies, and the growth of the Indian passenger vehicle market.

By Krishn Kaushik, Praveen Paramasivam and YP Rajesh

Gold and Silver commodity mutual funds have outperformed equity funds in the latest month. Notable performers include Invesco India Gold ETF FoF and Aditya Birla SL Gold Fund. Silver funds led by UTI Silver ETF FoF showed significant returns.

Elon Musk\’s recent announcement regarding Tesla (NASDAQ:TSLA)\’s entry into India signals a significant stride towards bolstering the country\’s electric vehicle (EV) ecosystem. Despite India\’s relatively small EV market, comprising only 2% of total vehicle sales in 2023, the potential for growth remains immense. The premium segment, encompassing vehicles priced over US$35,000, constitutes a mere 2% of the market, yet projections indicate a substantial rise in high-income households and overall passenger vehicle sales over the next decade. Here\’s what Morgan Stanley (NYSE:MS) has to say.

Mukul Agrawal has bought stakes in 3 companies, besides PTC, in the March quarter. He now has a stake of 1.8% and 1.7% in Dredging Corporation of India and West Coast Paper Mills, respectively.

Indian benchmark indices closed lower as banking stocks declined, with Sensex falling 455 points and Nifty dropping by 152 points. Top laggards included Nestle India, Titan, Axis Bank, NTPC, Tata Motors, and ITC.

Bhanshali has added Pan Electronics India into his kitty with purchase of a 2.50% stake in the January to March period. The stock has been in top form this year with over 70% returns so far. Over a one-year period the gains extend to 97%. This is significantly higher than the 26% returns given by Nifty in the same period.

Prime Minister Narendra Modi-led Bharatiya Janata Party is widely expected to win a third term, which will help his administration continue its focus on modernizing infrastructure and boost manufacturing. Indian equities have risen to records this year following a rally driven by robust economic growth.

The issue closes on April 25 and the anchor investors\’ allocation will be done on April 22. Investors can bid for a minimum of 36 shares in one lot and in multiples thereafter.