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.
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. \”
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.
Corporate reforms in Japan and South Korea will support a value thesis, according to JPMorgan Asset Management and AllianzGI. Meanwhile, M&G Investment Management is attracted by near record-low valuations for Chinese stocks. Other haven plays are exporters and India’s domestic-driven equities. The outlook is even dimmer for currencies and bonds.
​Rallies in the markets may not present a clear picture of certain key developments. This is the very nature of the markets. A little bit of digging helps reveal stories which may not be apparent in the broad sentiment which engulfs the markets.
Manu Rishi Guptha and minority shareholders have challenged ICICI Bank\’s delisting bid for ICICI Securities at NCLT. Shareholders had approved merger with ICICI Bank but Quantum MF has is also considering legal action against the bank. ICICI Securities has reported robust financials. According to the proposed delisting scheme, ICICI Securities shareholders are slated to receive 67 shares of ICICI Bank for every 100 shares held.
The jump was slower than a 10.2% rise in the first two months, National Bureau of Statistics (NBS) data showed.
The jump was slower than a 10.2% rise in the first two months, National Bureau of Statistics (NBS) data showed.
The jump was slower than a 10.2% rise in the first two months, National Bureau of Statistics (NBS) data showed.