US Stock Reports, Quotes and News
Mirae Asset NYSE FANG+ETF FoF-Reg(G) outperforms in Jan-Mar quarter, exceeding domestic and overseas funds. 160 thematic funds by March end. Notable performers include Franklin India Feeder and Mirae Asset S&P 500 Top 50 ETF FoF-Reg(G).
Amit Goel says Indian stocks are one of the greatest bubbles ever in the history of global capital markets. He anticipates that over the next 3-4 years, huge downsides are going to open up in Indian equities. Goel advises diversifying from Indian equities to other asset classes amid market volatility. He recommends a macro top-down strategy for better protection and returns.
Sequentially PAT jumped 11% over Rs 487.92 crore posted in Q3FY24. Meanwhile, the revenue jumped 3.60% on a quarter-on-quarter basis.
Shares of Mukesh Ambani-led Jio Financial Services declined 3% at Rs 372 on BSE in Friday\’s early tarde as the investors await the fourth quarter earnings’ result later in the day.
HDFC Bank Q4 Result Preview: HDFC Bank likely to post strong YoY net profit growth for March 2024 quarter, supported by treasury income gains. Earnings release is expected to reveal increased net interest income, deposit mobilization focus, and stable asset quality.
Anand Tandon advises focusing on tactical plays in private sector banks amidst market sector value concerns. He highlights the power sector\’s growth potential but suggests waiting for better entry points for investment in various sectors.
Mirae Asset Investment Managers are bullish on India\’s economy, emphasizing growth prospects. Ankit Jain sees opportunities in midcap companies, consumer, and financial services sectors. Positive outlook despite stretched valuations, with focus on earnings growth and investment opportunities in various sectors. Jain says: \”The 1-year forward P/E ratio for Nifty stands at 22.5x, while for the Midcap 100, it is 24.5x, representing a premium of 12-15% over their respective 10-year averages.\”