Performer Financial News

Building China-free supply chains is tough. Sometimes it means dealing with lizards that don’t have legs and sands that are radioactive. That is the case with making rare-earth magnets—a powerful piece of tech that is as crucial to jet fighters and wind turbines as it is to smartphones and electric cars.

Sandip Sabharwal, asksandipsabharwal.com, says “sudden, swift corrections lasting a couple of weeks can come up any time. Markets can never go up in a straight line. So the investment strategy has to be, at this point of time, if you are holding some good stocks, you can keep on holding. If you are holding zero cash, I would say that it is a good strategy to at least have 10-15% cash now so that you can re-deploy as opportunities come up again.” Is it getting too good to be true or perhaps we should not get carried away with the momentum? What is your understanding of the market right now? It depends on the time horizon of the investors. So if it is a very long term, then it is fine. It does not matter. But I think when markets move up so rapidly in such a short period, in every bullish phase, we have seen that markets can correct 4% to 7% at any point of time without any reason so any investor who is getting in today needs to be ready for that.

Fixed deposits (FDs) are one of the most popular investment options in India. They offer guaranteed returns, safety of capital and easy liquidity. However, not all FDs are the same. There are different types of FDs offered by different entities, such as banks, non-banking finance companies, post offices, and corporates.

dehumidifiers available today is as varied as the needs they fulfil. They range from petite, nimble units, perfect for cosy nooks or compact office spaces, to more robust, muscular models that take on whole homes with their moisture-wrangling prowess. For every space, there's a dehumidifier waiting to tailor-fit its atmosphere to perfection.

Prateek Pant, Chief Business Officer of WhiteOak Capital Asset Management, does not expect major announcements in this budget. The government will likely maintain a path of policy, continuity focusing on higher capex growth, he said in an interview with MintGenie. Infra, housing, real estate, and home improvement sectors are likely to be in focus in this upcoming budget.

Sensex beyond the 71,000 mark and making 21,000 the new pincode for Nifty, FIIs (foreign institutional investors) have been pouring in over Rs 3,900 crore daily on an average in December, making the 30-pack index stronger by 4,000 points so far in the month. NSDL data shows that in the first 10 days of the month, FIIs invested Rs 39,260 crore on Dalal Street. And now with the US Fed hinting at 3 rate cuts in 2024, the market could once again see a flood of foreign money chasing Indian stocks in the new year. The sharp uptick in FII flows comes after November's Rs 9,000 crore inflow and non-stop selling in September and October months. «This market has made a high despite the fact that we have yet to see significant FII inflows.

Metal stocks surged nearly 9% on Thursday amid fall in the dollar index after the US Federal Reserve kept rates unchanged while hinting at least three rate cuts next year. While it was okay to keep a positive view on the sector, a wait-and-watch strategy for now is the road forwards, told an analyst to ET Now. Dollar has declined 2.7% in the last three months, making dollar-priced commodities such as metals a lucrative buy for importers.

Mayuresh Joshi, Head, Equity Research-India, William O'Neil, says “as metal demand comes back slowly and steadily as far as China is concerned, the expectations of a soft landing in the US, strong recovery signs that we are seeing in Europe and holding out of macros and the expectations of infra spend in India, is expected to keep volumes afloat as far as Indian companies are concerned. With a sharp recovery in LME prices, the large expectation is that operating leverage should start kicking in from the first of the next financial year. It is a pre-emptive move that we are probably seeing on a lot of these counters.” What do you think is aiding the move in metals and is it sustainable? Two-three factors are clearly aiding the kind of growth that is now coming through for the sector as a whole. One, yesterday, Powell statement which is clearly indicating that at some stage in the second half of the next calendar year rate cuts will be a given, that will give a huge boost to the global economy and commodities in general should see a huge comeback.

IPO) of Happy Forgings will open for subscription on December 19. The issue closes on December 21.

By Nell Mackenzie

Texmaco Rail & Engineering, the engineering and infrastructure company, rallied 10.7% in Friday's early trade to reach an all-time high of ₹188.80 apiece, driven by the company's new order win. The Ministry of Railways has awarded an order to the company for the manufacturing and supply of 3,400 BOXNS waggons valued at ₹1,374.41 crore, the company informed through an exchange filing on Thursday. Also Read: Sensex surging: Will this be the new normal? The company operates in the business of manufacturing rolling stock, including wagons, coaches, EMUs, loco shells and parts, hydro mechanical equipment, steel castings, rail EPC, bridges, and other steel structures.

Sandip Sabharwal, asksandipsabharwal.com, says “holding some amount of cash is prudent potentially in sectors where the run-up has been too swift or where someone has an overexposure and then wait for some corrections to allocate that. But the overall economic outlook is positive, so we cannot go very hugely into cash. So, maybe a 10-15% cash position could be potentially prudent and then in between, opportunities will keep on coming up because all stocks do not correct at the same time.” It is almost like the market is believing that the next RBI policy will see a rate cut. Is there a correlation? Should one also anticipate a rate easing by the RBI? It looks highly unlikely that we are going to see a rate cut anytime soon. The scenario that is building globally right now is that the rate hike cycle clearly seems to have ended and once that happens, we will see that the dollar index peaks out, flows start into emerging markets, etc. I think that is the phenomenon we would see.

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Arvind with a buy rating, HSBC upgraded Colgate Palmolive India to a buy from hold earlier while it downgraded Nestle India to hold. Centrum Institutional Research initiated coverage on Ugro Capital with a buy rating. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: SPARK on Arvind: Buy| Target Rs 352 SPARK initiated coverage on Arvind with a target price of Rs 352.

Nilesh Shah, MD, Kotak AMC, says “India today is trading at a premium valuation to others as the Spider Man movie said “with great power comes great responsibilities.” With higher valuation, comes higher expectations. Our headwind will be to deliver on those expectations. We are like Suryakumar Yadav or Virat Kohli, we are supposed to score a century every time we come to bat; a 10-run, 30-run cameo is not good enough.” Just taking a cue from your last tweet, who is going to win the race? Valuation or past performance? That is a very-very tough question.

stocks that have given multibagger returns of upto 412% in 2023 so far, saw retail investors increase their holdings for three consecutive quarters. These 12 stocks are Anand Rathi Wealth, Control Print, Gravita India, IRCON International, Jupiter Wagons, KDDL Ltd, Kilburn Engineering, KSolves India, Saksoft, Shilchar Technologies, Sky Gold, and Som Distilleries Breweries. Stocks in the smallcap segment have had a dream run this year, backed by the relentless buying, particularly by retail investors.

By Laura Sanicola and Andrew Hayley

“Risk management is embedded in our Investment Process. By focusing on price-value gaps, we strive to achieve a balance between risk and reward," Tridip Pathak, Executive Director and Portfolio Manager at Avendus Olivo PMS. In an interview with ETMarkets, Pathak said: “We have an investment process which helps us identify opportunities from our ~145 stock coverage universe at any point in time,” Edited excerpts: Thanks for being part of the segment. You are managing over 600 cr in AUM – please take us through the portfolio performance? As of today, our PMS Strategy has delivered ‘on an aggregate basis’ a CAGR return of 21.7% since inception in August 2020, 19.8% over the last 3 years, 13.7% over the last 2 years and 28.4% over the last 1 year.

Investing.com-- Most Asian stocks rose sharply on Friday, extending recent gains following dovish signals from the Federal Reserve, while some positive economic readings from China also aided sentiment.

quantum mechanics — the theory in physics that describes the behavior of matter and energy at the level of atoms and subatomic particles. Quantum science has also been explained by a U.S. government scientist as the «rules that describe how really small things behave.» This field is full of surprises, even for the experts. Richard Feynman, the late theoretical physicist, Nobel laureate and pioneer of quantum computing, described the field as «peculiar and mysterious to everyone — both to the novice and the experienced physicist,» because it is so different to how people experience and perceive the behavior and properties of larger objects.

Sahil Khan and three others. They have been instructed to appear before the SIT on Friday for questioning. Earlier, Dubai Police on Tuesday arrested Ravi Uppal, one of the two prime accused in the Mahadev Book online betting syndicate.