US Stock Reports, Quotes and News
Kenneth Andrade anticipates significant growth in the power market, emphasizing massive investments in energy capex equivalent to India\’s GDP over the next 15 years. He discusses the impact on various sectors and the rationale behind his pharma holdings, focusing on profitability potential. Andrade says he is avoiding banks because he chooses to be on the asset side and not on the liability side.
Bajaj Auto Share Price: Shares of Bajaj Auto fell 3% at Rs 8,753 on Friday after the two-wheeler major reported a standalone net profit of Rs 1,936 crore for the quarter ended March 31, 2024, which was up by over 35% from Rs 1,432.88 crore reported by the company in the year-ago period.
HDFC Life Share Price: HDFC Life stock fell 4% to Rs 581 after March results even after reporting 14% net profit growth to Rs 412 crore. Achieved 11% APE growth for FY24, individual APE growth at 1%.
High-yield debt investing presents opportunities for higher returns but involves risks like default and liquidity. It\’s crucial to limit exposure to 10-25% of the fixed income portfolio, considering factors like diversification and credit risk.
Sandip Agarwal asks: \”Despite a strong TCV, why is the growth guidance so low? We are not able to connect the dots of what is pulling down growth so much and why they are projecting this kind of growth. In my view, this guidance and these numbers are on the lower side of what anyone would have been anticipating.\”
Anurag Singh advises against panic selling in Indian markets, recommending holding cash due to uncertain valuations. He says Indian and all other emerging markets face a little bit of danger because whenever oil spikes, dollar flight happens. But, he says, market recovery is anticipated sooner with strong back channel talks despite geopolitical risks.
Rakesh Parekh talks about the key drivers for the market — a combination of ample liquidity, pro-growth government policy direction, investments and capex entering an upcycle as well as corporate balance sheets that remain conducive for investments. He says: \”We are encouraging clients to add to their equity positions with a long-term perspective in mind to take advantage of this opportunity.\”
Sanjiv Bhasin predicts market correction end post Iran-Israel conflict. He recommends ONGC, Vedanta, Indiabulls Real Estate and . advises buying IDFC First Bank, Hindustan Lever and Axis and ICICI banks. Furthern he favours TCS over Infosys, Wipro, LTIM, HCL Tech as top picks. Bajaj Auto is lauded for growth potential while Reliance Industries is expected to deliver strong results.
In the intricate world of Indian industries and infrastructure, making informed investment decisions can often feel like navigating through a dense jungle. Fortunately, Bernstein, a renowned research firm, has provided a compass in the form of their latest report, shedding light on what to buy amidst the market dips.
Krishnan VR emphasizes the importance of order execution and actual earnings growth in the PSU sector. He discusses the moderation of market returns for FY25, predicting double-digit returns over the medium to long term. He further say that in the smallcap and midcap space, it is better to look at individual companies instead of generalizing from aggregate index valuations.
HONG KONG (Reuters) – Morgan Stanley is cutting at least 50 investment banking jobs in the Asia-Pacific region due to a deals slump, two sources with knowledge of the matter said.
Morgan Stanley\’s first-quarter profit beat estimates on Tuesday, fueled by a resurgence in investment banking led by equity underwriting where revenue more than doubled, sending its shares up 3.8% before the bell.