Bharat Forge News Today

Representatives of General Atomics Corporation held talks in New Delhi on the supply of a batch of MQ-9B Sky Guardian reconnaissance unmanned aerial vehicles (UAVs) to the Indian Armed Forces in the amount of $3.99 billion, Azernews reports.

231 smallcaps suffer double-digit losses as investors sell in May. Will they come back in June? The stock market cliche of sell in May and go away proved true this year amid general election uncertainties. Concerns over BJPs election performance and significant volatility affected investor sentiments. Benchmark indices like Sensex and Nifty experienced slight declines.

Phillip Capital predicts BJP-led NDAs re-election in 2024, dismissing concerns over low voter turnout. The brokerage firm sees three scenarios for Lok Sabha election outcome, all pointing towards NDA retaining power.

But nonetheless, I think even when it has not performed so much, I think if somebody has to put fresh money, I think it surely makes a lot of sense given the performance, valuation comfort, I do not see much of a challenge over there. And recently, the fact bond yields went down when you had that big dividend payout, I think there was a bit of an outperformance. So, I think you could look for some more outperformance at least over the next 6 to 12 months.

Promoters held 45.25 per cent stake in the company as of 31-Mar-2024, while FII and DII ownership stood at 16.47 per cent and 19.82 per cent, respectively.

Brokerage firm Phillip Capital has provided a list of 21 stocks that it believes can potentially yield significant returns for investors in the next year, assuming the ruling BJP secures 290-300 seats in the Lok Sabha election results expected on June 4.

Auto stocks have surged due to robust sales expectations in FY25, driven by a revival in the rural market and stable raw material prices. Two-wheeler market may outshine other segments. Experts anticipate continued growth in the medium-to-long term, with positive outlook for auto companies.

The massive surge was supported by gains in banks and financials. The 30-share BSE Sensex pack soared 599 points to hit a record high of 76,010, while the broader NSE Nifty index moved over 151 points higher to trade at a fresh lifetime peak of 23,108.

Auto Parts Makers: While the talk of India’s potential as a global hub for auto parts has been around for nearly a decade, the country’s component OEMs have only begun walking this talk in the last two-three years, post Covid19. As supply chains get rewired, India’s auto component manufacturers are sitting at larger than ever export orders and creating new capacities to fulfil increasing global demand.

Telecom was the obvious favourite in April led by Bharti Hexacom, Vodafone Idea, and Indus Towers