Page 49 - Virtual Events News Today

It took 36 years for India’s largest cement company to take its capacity to 100 million tons.To build the next 50 million tons capacity it took just 5 years. This probably sums up many things as far as the cement industry is concerned and to some extent the Indian economy. Whether it was a change in the demand matrix, which made this company push its capacity so high in a short span of time. Also it is an indication of a trend of lower cost of capital which is the biggest enabler for econo...

One sector where the street has been giving differential treatment for many years has been the banking space. Private banks were preferred over their PSU counterparts. But three years back, things started to change. Much loved private sector banks started to stagnate, both in terms of absolute price movement and also in valuations. It was not that immediately the PSU banks came into limelight, there was a phase of more than a year when both private and public sector banks were ignored. But then ...

If one goes by what is happening on the street today, we probably are once again going back to a situation where mid-caps are charting their own journey and bulls are backing it. While the valuations are expensive, there is no point in fighting with liquidity, if it is going to mid caps and they are moving up irrespective of valuations or quality of stocks one cannot argue. But the only thing which as an investor one can do is to be careful when taking exposure to this segment of the market. Sta...

While it might be a bit early to say, but the way things have panned in last couple of weeks, it is clear that bulls are not in any mood to leave the street anytime, but at the same time bears are also clear that while they will not be able to make much dent on NIfty, so they better roam in mid-cap segment. How long they will be able to roam if broader market indices are doing well is something which is still to be seen. But one thing is for sure as corrections and consolidation are part of ever...

There has been a transformation going in the automobile sector and its supply chain, the auto ancillary industry. Now a number of the large auto companies have been re-rated in the last one year. But the re-rating of the auto ancillary unit has been slower, for a valid reason. These auto ancillary units are dependent on their main buyers. So, for an auto ancillary company which has been supplying to TVS, Tata motors the process of transformation started a long time back but for some other where ...

In Marchs market correction, the initial correction was led by PSUs. Both PSU banks & non-bank PSU. Given that both sets of gained sharply, profit booking was natural. But if one looks at the broader contours it is clear that while the PSU banks corrected, the magnitude of the correction was not very high. For example, if after gaining over 100% in 2023, the stock corrects 10-15 %, it is a bullish sign and not bearish. If one looks at the table, in all time frames the selected PSUs have del...

Once again everything is looking green, the way FY 25 has started, it appears that bulls were on short term break due to tight liquidity conditions which tends to appear in the last month of every financial year. While the local liquidity condition might improve, the issue of high valuation is still not over. It is still a time to be cautious in terms of not going overboard with taking exposure to a certain stock, selective about what one is buying. The reason, if the street becomes selective an...

While Nifty and Sensex have seen some respite and given the fact that few mega stocks have the ability to push indices even higher, one cannot rule out the possibility of reading the headlines “ nifty forms a new high” very soon. But as we have seen in the recent past, what nifty does and what is happening in the broader market can be very different. So, it would be better to focus on what is happening in sectors and companies, are there some tailwinds that are likely to lead to bett...

It was after a long debate and committees getting formed that it was decided that stock exchanges and other institutions which play a pivotal role in the development of the capital market should be allowed to list on exchange for trading, though with some caveats. The fact is that after listing these companies not only continue to play a pivotal role in the development of the stock market but also have created a good amount of wealth for investors who were able to realise the fact that the best ...

In a financial year where the number of stocks gained is much larger than stocks that end in red, there are some surprises in the list of stocks that have ended FY 24 in red. Surprise because of two reasons. First, these are all largecap stocks where fundamentals are surely not in doubt. They have consistently seen earnings inching upward. Yes, one can have a debate about the rate of growth at which earnings have been less than satisfactory. But then they have grown, except in 3 cases, where on...