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03.12 / 05:21
markets Target Analysis Sustainability Trade Experts recommendations UBS initiates coverage on realty stocks; sees 18-26% upside in DLF & Prestige Estate
The Nifty Realty Index is up 8% in FY25 YTD, outperforming the broader market indices by 4%. “This momentum is likely to sustain, due to mega ongoing and upcoming project launches (>INR 1.2 tn) across key markets and segments by industry leaders that are positioned to garner stellar demand, as per our checks,” Elara Capital said in a report.
03.12 / 05:21
markets Waters Analysis Food PepsiCo Trade Experts Varun Beverages shares slip over 5% as GST on aerated beverages may be hiked to 35%
Varun Beverages, one of the largest bottling partners of food and beverage giant PepsiCo, dropped as much as 5.2% on Tuesday to Rs 600 on the BSE after the Group of Ministers (GoM) on GST rate rationalization decided to hike taxes on sin goods like aerated beverages, cigarettes, tobacco, and related products to 35% from the current 28%. The GoM has proposed that the 35% special GST rate on aerated drinks, along with tobacco and tobacco products, will be added on top of the existing four-tier tax structure, with slabs at 5%, 12%, 18%, and 28%.
03.12 / 05:21
markets UPS Enterprise Trade Experts Updates Stock market update: Sugar stocks up as market rises
EID Parry(India)Ltd.(up 3.78%), KCP Sugar & Industries Corporation Ltd.(up 3.17%), Dwarikesh Sugar Industries Ltd.(up 2.26%), Ugar Sugar Works Ltd.(up 2.06%), Bajaj Hindusthan Sugar Ltd.(up 1.85%), Triveni Engineering & Industries Ltd.(up 1.61%), Ponni Sugars(Erode)Ltd.(up 1.53%), Rajshree Sugars & Chemicals Ltd.(up 1.50%), Mawana Sugars Ltd.(up 1.45%) and Uttam Sugar Mills Ltd.(up 1.41%) were among the top gainers.
03.12 / 05:21
markets COST UPS Provident Strategy Experts Have high hopes from GST cut on health, life insurance? Here's why a drastic fall is unlikely to benefit policyholders
GST rate of 18% on life and health insurance policies. After union minister Nitin Gadkari raised this issue, the people started hoping for the rate cut to become a reality as it was taken for consideration by the GST council. However, despite several meetings in the past the GST council is yet to take a final call on this issue. The issue is likely to be taken up again in the next GST council meeting on December 21. However, the question remains how likely a reduction is and whether it will really benefit the policyholders. Government gets a significant revenue from GST on insurance policies. The government has answered in Lok Sabha that more than Rs 16,000 crores was collected by levying Goods and Services Tax (GST) on health and life insurance policies issued through FY 2023-24. It will not be an easy decision to forego such a big source of revenue. Considering this new information and also the public demand for lower GST rates on health and life insurance, a significant rate cut appears a challenging task for government. Moreover, insurance companies are facing a challenge if such a reduction will actually help them in lowering their costs. They want assurances from the government that if the GST rate is lowered, the companies would still be able to claim input tax credit on the insurance policies sold. If the government does not assure this then it will add a cost component for them which is going to increase insurance premiums instead of decreasing.
03.12 / 05:21
markets UPS Analysis Trade Experts AGRO Sensex rises! These stocks are up over 15% on BSE
Cupid Breweries & Distilleries Ltd.(up 57.48%), Banaras Beads(up 16.91%) and Remi Edelstahl(up 15.87%) were among the stocks that surged over 15%.
03.12 / 05:21
markets UPS Trade Experts reports Updates Stock market update: Nifty Bank index 1.0% in an upbeat market
Canara Bank(up 3.06 per cent), Bank of Baroda(up 2.93 per cent), Punjab National Bank(up 2.18 per cent), IndusInd Bank Ltd.(up 1.97 per cent) and State Bank of India(up 1.83 per cent) were among the top gainers.
03.12 / 05:13
Sustainability information reports Videos Dramatic home explosion caught on video north of Edmonton
Swan Hills, Alta., was caught on video (see the player above.)No injuries were reported after RCMP were called to the house explosion early Monday morning, but police said several homes and vehicles near the blast sustained damage.The RCMP said officers were called about an explosion at a home on Pan Am Street at 3:55 a.m.Police said preliminary information suggests the cause was likely a gas leak.“There’s no risk to the public, gas to that residence was shut off so there’s no chance of another explosion happening today, thankfully,” said RCMP Const. Cory Riggs.Riggs said while the blast is unusual, it’s also not unheard of.“I’ve been a police officer for seven years now, and this isn’t something that happens every day.
03.12 / 04:25
markets Target Art Analysis trends Trade Experts Nifty headed for ruthless winter if ‘tale of 2 halves’ theory doesn't come true
Most analysts believe that the current slowdown in earnings, which was also reflected in Q2 GDP growth hitting a seven-quarter-low of 5.4%, is likely to be limited only to the first two quarters.
03.12 / 04:25
markets security Analysis Trade Experts recommendations International Solar Industries shares rally 9.5% after securing Rs 2,039-crore export order for defence products
Solar Industries India jumped as much as 9.5% on Tuesday to Rs 11,549 on BSE after the company, along with its subsidiary, secured export orders worth Rs 2,039 crore for supplying advanced defence products to international clients. The deliveries will be executed over the next four years, the company announced in an exchange filing. «We are pleased to share that our company, Solar Industries India Limited and its subsidiary have received export orders worth Rs 2039 Crores for Supply of Defence Products, to be delivered over a period of 4 years,» Solar Industries India said in an exchange filing.
03.12 / 04:25
markets Digital Manufacturing Strategy Research Trade innovations India-USA Space and Geospatial Business Summit focus on tech & advanced manufacturing
advanced manufacturing. Organized by the Geospatial World Chamber of Commerce in collaboration with Geospatial World, this summit brought together key stakeholders from government, industry, academia, and research to explore and amplify the geospatial and space sectors' potential for innovation, economic growth, and sustainability. With bilateral trade in geospatial and space technologies projected to grow from $2.5 billion in 2024 to $10 billion by 2030, the summit underscored how shared investments in technology, policy alignment, and manufacturing can accelerate global progress.
03.12 / 04:25
markets Target Manufacturing security WhatsApp wellness trends Buy Allied Blenders & Distillers, target price Rs 400: ICICI Securities
buy call on Allied Blenders & Distillers Ltd. with a target price of Rs 400. The current market price of Allied Blenders & Distillers Ltd. is Rs 335.8. Investment Rationale Allied Blenders and Distillers (ABD) is well positioned to capture premiumisation trend in alco-beverages industry via new product launches in P&A segment (ICONiQ White Whisky to double its volume YoY in FY25; launches in premium and luxury segments to drive realisation growth). Further, it has plans to drive profitable growth in Officer?s Choice Whisky by focus on improving state brand mix. Additionally, backward integration towards own ENA manufacturing, premiumisation and operating leverage may drive operating margin expansion (~170bps over FY25-27E). ICICI Securities' model revenue / EBITDA CAGR of 10%/30% over FY24-27E. Initiate coverage with BUY with a DCF-based target price of Rs 400. Key risks: (1) Potential ban or regulatory change in key states and (2) failure in scale-up of Prestige & Above (P&A) segment.
03.12 / 04:25
markets Provident FIVE Digital Strategy rock mountaineering TN CM Stalin announces Rs 5 lakhs ex-gratia for seven killed in landslide
Cyclone Fengal wreaks havoc across many districts of Tamil Nadu, Chief Minister MK Stalin has announced Rs 5 lakh ex-gratia for the families of seven people who lost their lives in a landslide due to heavy downpour in Thiruvannamalai district. «I express my deepest condolences and sympathy to the families of those who died in this accident and have ordered that each of the families of the deceased be provided with Rs. 5 lakhs each from the Chief Minister's General Relief Fund,» Tamil Nadu Chief Minister MK Stalin said in a press release. This comes after seven people including five children were trapped under the ground in a landslide in Thiruvannamalai. According to the press release, the deceased have been identified as Rajkumar and his wife Meena (27). The family was residing on 11th Street in VOC Nagar.
03.12 / 04:25
markets COST Digital Racing Strategy SpaceX travelers Trump may cancel NASA's powerful SLS Moon rocket
Trump's recent electoral victory, rumours and speculation have circulated that NASA's giant Moon rocket, the Space Launch System (SLS), could be under threat. The rocket is one of several key elements needed for the US space agency's Artemis programme, which aims to return humans to the Moon for the first time since 1972. For the first lunar landing mission, called Artemis III, the SLS will launch four astronauts on NASA's Orion crew capsule. Orion will then travel to the Moon. Once in lunar orbit, Orion will dock with Elon Musk's Starship vehicle (which has been launched separately). Two astronauts will float into Starship, which undocks from Orion and travels down to the lunar surface.
03.12 / 04:25
markets security Analysis Citigroup Trade Experts Pharmaceuticals Cipla shares in focus as promoters Samina and Rumana Hamied offload 1.72% stake for Rs 2,111 crore
Cipla shares are in focus today after Samina Hamied and Rumana Hamied, promoters of the pharmaceutical company, exited by selling their 1.72% stake for Rs 2,111 crore through open market transactions. Investors including the Singapore government, Societe Generale, Abu Dhabi Investment Authority, BNP Paribas, BofA Securities, Citigroup, Morgan Stanley, Goldman Sachs, Norges Bank, UBS, and Copthall Mauritius bought stakes in Cipla. According to block deal data available on the National Stock Exchange (NSE), Samina sold 89.54 lakh shares of Cipla, while Rumana Hamied offloaded 49.43 lakh shares, amounting to a 1.11% and 0.61% stake, respectively.
03.12 / 04:25
markets UPS Digital Strategy AVP Eknath Shinde's contribution should be duly recognised: Deepak Kesarkar
Shiv Sena leader Deepak Kesarkar has said the Maharashtra assembly polls were recently fought under the leadership of Eknath Shinde and it is up to the BJP's central leadership to decide how to maintain his stature. The contribution of Shinde, the caretaker chief minister of the state, should be duly recognised, Kesarkar said at a press conference here on Monday. The Mahayuti, comprising the Shiv Sena led by Shinde, BJP and Ajit Pawar's NCP, won 230 out of 288 assembly seats in the November 20 polls, results of which were declared on November 23. The BJP led with 132 seats, while the Shiv Sena got 57 and NCP 41 seats. BJP leader Devendra Fadnavis, two-time former CM, is widely seen as the frontrunner for the top post.
03.12 / 04:25
markets UPS security Analysis Trade Experts Sensex jumps over 100 pts, Nifty above 24,300; metal and financial stocks lead
financial stocks, with comments from key US Federal Reserve officials raising expectations of a 25 basis-point rate cut later in the month. By 9:21 am, the BSE Sensex was up over 100 points, or 0.14%, at 80,358.73, while the Nifty50 gained 23 points, or 0.10%, trading at 24,299.
03.12 / 03:59
markets Strategy Analysis economy trends Trade Experts Fund Manager Talk | Worst may be over for cement, metals and durables: V Srivatsa, UTI AMC
V Srivatsa, Fund Manager — Equity, UTI AMC, sees opportunities in cement, metals and durables companies as they are disappointed in earnings and the worst may be over for them in terms of downgrades. «Given the low base and strong festive season, we see some turnaround around consumption-oriented sectors such as FMCG, autos and durables. We may also see a recovery in the oil and gas companies as the refining margins and oil realizations could be better in the second half,» he says. Edited excerpts from a chat: Mutual fund inflows have been strong even when the market is falling. How much cash are you deploying in your portfolios amid the market correction? V Srivatsa: UTI Large and Mid-cap Fund typically has around 4-5% cash in the fund at current levels. We are in the process of deploying some of the cash into buying equities, however we would need to maintain at least 2-3% cash to meet any unforeseen redemptions.
03.12 / 03:59
markets UPS Manufacturing wellness Trade Cycling travelers Post GDP shocker, which sectors should you bet on? Here’s what Nitin Raheja has to say
Nitin Raheja, Executive Director and Head of Discretionary Equities, Julius Baer Wealth Advisors, says after the Q2 GDP shocker, capex spending which has been just 25% of the budgeted amount should probably come into play over the next two quarters and the industrial pack, the infrastructure companies, the cement companies could start to gain more traction. That could be the contract trade to play because it is very difficult to bring consumption back on stream as fast. What is your view on some of these new exciting themes, green, clean, which will make companies very efficient in terms of energy dependency? Is it good to be in a green & clean theme? Nitin Raheja: The road ahead is going to be good for the kind of investment that is going into green energy and within that in solar and wind. My only concern is the kind of valuations that are currently existing in some of these stocks. Let us not forget that while these businesses are doing well, when you talk about things like solar panels, they are essentially commoditised businesses. Currently, thanks to tariff barriers that have been put in place by the US on China, we are seeing an opportunity for Indian exports. Now, that is good and that means that Indian companies should do well over the next few years.
03.12 / 03:59
markets UPS Strategy Experts performer Profiles Top 10 mutual funds to invest in December 2024
mutual funds to invest in. They ask their friends or colleagues or in some mutual fund forums for top or best schemes while starting their investment journey or while deciding to invest extra money. But most of them are not satisfied with the answers they get from the internet or friends due to different reasons. An online search would mostly take you to some websites with ready-made lists. Most often, the schemes may be shortlisted on the basis of their short-term performance. Sometimes, the schemes from a single category may dominate the list because that category happens to be the flavour of the season. Also Read | Best mutual fund SIP portfolios to invest in December 2024
03.12 / 03:59
markets UPS Target Strategy Trade electronic reports Accumulate MIC Electronics, target price Rs 90: Anand Rathi
Anand Rathi has an accumulate call on MIC Electronics Ltd. with a target price of Rs 90. The current market price of MIC Electronics Ltd. is Rs 83.53. MIC Electronics, incorporated in 1988, is a Small Cap company with a market cap of Rs 2024.02 crore, operating in Electric /Electronics sector. MIC Electronics' key Products/Revenue Segments include Electronic Components & Equipments, Other Operating Revenue and Job Work for the year ending 31-Mar-2024.

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