Performer Financial News

Aniruddha Sarkar, Chief Investment Officer & Portfolio Manager, Quest Investment Advisors, points out that valuations have become very rich across the board in the market. So, it has become very important not to get into companies where there is big froth. Look for companies with a mismatch of valuation and the underlying value. Within that, the easy part of the money has been made. In the last 24 to 36 months. all of us have made money in the market, some have made more, some have made less but the easy money has gone. Sarkar says that while he is keeping 4-5% cash, investors can keep more than 8% to 10% cash because he does not see any major correction in the market. You have been in the quest of outperformance or alpha. How have the last few months been for you – challenging or okay? You have navigated comfortably because the clamour for a massive correction is getting louder, but have you raised your cash levels? How are you approaching this? Aniruddha Sarkar: The last couple of months have not been very easy for all of us in the market and typically, what happens is when the markets are volatile, that is when the real test of a portfolio happens. Thankfully in the last couple of months, amid elections, budget, whatever is happening in Bangladesh, what is happening in the rest of the world, in the Middle East, our portfolios have done well and that is because we have been trying to focus on very few sectors, looking at companies within those sectors where earnings are supporting the valuations.

Voltas on Monday posted a 160% year-on-year (YoY) jump in consolidated net profit to Rs 335 crore for the June quarter of FY25. It had clocked Rs 129 crore profit in the year-ago period. The company's income from operations increased 47% YoY to Rs 4,904 crore versus Rs 3,335 crore in the corresponding period of the preceding fiscal.

Honasa Consumer fell over 6% to Rs 444 in Monday's trade on the BSE, despite the company reporting a 63% year-on-year (YoY) increase in consolidated net profit for the June quarter of FY25, rising to Rs 40 crore from Rs 24 crore in the same quarter last year. The company's revenue from operations for the June quarter surged 19% year-on-year (YoY) to Rs 554 crore, up from Rs 466 crore in the same period last year.

premiumisation trend further got magnified in sales of electronic products such as smartphones, appliances and televisions in the January to June period of this year, with the industry’s value growth significantly outpacing volume or number of units sold in brick-and-mortar stores. The overall consumer electronics market in offline retail grew by 11% by value in the first half of this calendar year as compared to the same period last year, whereas volume went up by a marginal 1%, latest data by market researcher GfK India shows. This indicates consumers only purchased premium or high value goods with sales of the entry-to-mid segment continue to be severely impacted. For instance, GfK reported overall mobile phone sales by volume declined by 6% in the Jan-Jun period whereas by value it went up by 10%. The smartphone segment registered a 12% increase in value, while by volume there was no growth.

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Nelly was arrested early Wednesday at a St. Louis-area casino, and the Missouri Highway Patrol said an officer found four illegal ecstasy pills on him.

Apart from global factors, expensive valuations, especially in the mid-cap and small-cap segments, and the tepid June quarter earnings performance of corporate India are contributing to the rising volatility. The TTM (trailing twelve months) PE of Nifty Midcap 100 and Nifty Smallcap 250 indices is trading at a premium of 28.5% and 35%, respectively, relative to their five-year average, according to the data compiled from Trendlyne. Research by Capitalmind Financial Services indicates a higher probability of correction in the BSE Smallcap 250 index if earnings don’t catch up. “The PE multiple of BSE Smallcap 250 has expanded by 63%, whereas EPS is flat at -3 %. This expansion is mostly due to the price increase. The continued flat trajectory in the earnings could escalate to a high probability of price correction,” states the study. The study is based on one-year data ending 11 July 2024.

PARIS – Canada’s record performance at the Olympic Games in Paris did not happen without thorns, but athletes provided unforgettable sporting moments.

Los Angeles in 2028. Speculation was rife that Hollywood star Tom Cruise — seen around town during the final weekend — would feature in the closing ceremony that unlike the rain-drenched July 26 opening ceremony of the 2024 Paris Games, basked in sunny, hot weather. For now, French swimmer Leon Marchand started the Olympic flame's journey to the Stade de France. For Los Angeles, topping Paris could be mission impossible. The French capital made spectacular use of its cityscape for its first Games in 100 years. The Eiffel Tower and other iconic monuments became Olympic stars in their own right, serving as backdrops and in some cases venues for competitions.

BEML Ltd expects the rail and metro segment, along with defence, to be the biggest contributor to its revenue in the near future as it looks to bag export orders for Vande Bharat and metro trains in a few years. «The priority is to roll out the indigenous Vande Bharat trains first. But next year, we will try and should expect something on the export front,» BEML (formerly Bharat Earth Movers Ltd) chairman Shantanu Roy told ET. The company, which reorganised operations this fiscal, is keen to accelerate the make in India initiative. It is working on a few opportunities in the Middle East, South America, and the Asean region for rail and metro exports, Roy said. «The ultimate aim is to have exports around 10% of our top line from the present nearly 4%.»

Paris Olympics 2024 but the United States of America topped the medals table finishing above the Asian giant only by virtue of their 44 silvers. China, who were the last nation apart from the U.S. to top the standings when they did it on home soil at the 2008 Beijing Games, managed only 27 silvers. The US also won most total medals with 126 to China's 91.

Raygun, the Australian breakdancer who gained viral attention for her unconventional style at the 2024 Paris Olympics, has responded to critics who derided her distinctive dance moves. In an interview with ESPN, published on August 10, the 36-year-old competitor, whose real name is Rachael Gunn, addressed the backlash and reaffirmed her commitment to her unique artistic expression.

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portfolio of stocks, are gaining traction among investors with the asset base of the category growing to Rs 1.43 lakh crore in three months ended June 2024, marking an increase of 31 per cent from a year ago. Interestingly, some of the focused funds offered by the mutual fund houses such as Invesco India Focused Fund, Mahindra Manulife Focused Fund, JM Focused Fund and HDFC Focused 30 Fund delivered a remarkable return of 40-60 per cent in the past year, industry data showed. Focused funds are a type of mutual fund where the fund manager selects a concentrated portfolio of stocks, typically limited to a maximum of 30 due to regulatory constraints. This requires the fund manager to be highly skilled in stock selection, as they need to identify the best investment opportunities across the market without bias toward any specific market cap or sector.

PARIS – Phil Kim was the first, and for the foreseeable future, the only Olympic champion in men’s breaking.The 27-year-old from Vancouver, known in his breaking circles as B-Boy Phil Wizard, captured gold at Place de la Concorde on Saturday.The Canadian dominated his final battle with host-country favourite Danis Civil (Dany Dann) of France by winning all three rounds and taking 23 of a possible 27 votes from the judges.The 2022 world champion and reigning Pan American Games champion Kim was a favourite in the performance sport making its Olympic debut in Paris.It isn’t on the menu in Los Angeles in 2028 nor is it certain to return in Brisbane, Australia, in 2032.The sunny, charismatic Kim was that throughout his bouts Saturday, but he shed tears both on the podium during O Canada, in interviews afterward and when he embraced his mother Gilsoo, father Byung Tae and brothers Daniel and John.“I was stressed out of my mind,” Kim said. “Yesterday, I cried my eyes out because I was so scared to do this.“There’s been a lot of pressure and a lot of expectations.

Janhvi Kapoor is undeniably on fire! From her intense performance in 'Ulajh' to her sizzling avatar in Devara: Part 1's "Dheere Dheere", she's proving to be Bollywood's new leading lady. And amidst all the buzz, her rumored romance with Shikhar Pahariya is adding an extra spark. Their social media PDA is giving us major relationship goals (or is it just us?). The song, a dreamy romantic number, showcases Janhvi as Thangam, a character who exudes pure seduction. Her sizzling chemistry with co-star NTR Jr. has fans and critics alike going gaga. Even the usually reserved Shikhar couldn't resist praising the actress on social media. His «wow wow wow Maaasss» comment on Janhvi's Instagram post was as good as a public declaration of his admiration. Janhvi Kapoor shared the song's BTS on her Instagram handle and wrote, «Finally feels like my homecoming #DevaraSecondSingle is all yours now.»

Uzbekistan's beloved head boxing coach was revived from apparent cardiac arrest by two members of Britain's training staff after celebrating his team's first gold medal of the Paris Olympics, his fighters confirmed. The Uzbek team went on to win five golds — more than any Olympic team in the last 20 years — in tribute to Tulkin Kilichev, who is recovering in a Paris hospital. "(Kilichev) is more than a coach or a father, in fact," Bakhodir Jalolov said after winning his second super heavyweight gold medal. «He has raised us. He educated us. He has transmitted the sports spirit to us. He has been with me in my heart, and tomorrow we will be going to visit him in the hospital.» Kilichev fell ill backstage after flyweight Hasanboy Dusmatov won Uzbekistan's first gold medal Thursday. According to GB Boxing, team doctor Harj Singh and physical therapist Robbie Lillis found Kilichev in life-threatening distress. They performed CPR on the coach, and Lillis also used a defibrillator, the team said.

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Andy Macdonald was placed 18th in the list of 22 participants and scored 77.66 in the heat at the men's skateboarding at the 2024 Paris Olympics. He was eliminated, but the crowd there cheered him and screamed as he performed a backflip to finish his work. He received a standing ovation. The British-American who competed for Great Britain in Paris is 51 years old, some of his competitors were 30 years younger than him. Olympics.com has said that Macdonald is the oldest participant in the men's skateboarding event at the Summer Olympic Games.

Reetika Hooda today lost to top seed Aiperi Medet Kyzy, the Asian Games champion and World Championship silver medallist, in the women's 76kg quarterfinal bout. Reetika lost the match on points. Interestingly, the final score showed 1-1. So why Reetika Hooda lost the match? As per the rules of Olympics for wrestling, if the two wrestlers end with the same score, the one who scores the last point is declared winner.