Target Financial News

Sandip Sabharwal, asksandipsabharwal.com, says “reduced exposure in the sugar space once the dynamics changed because the next six months are a bit uncertain. But subsequently things might be good, so we might add after a few months. We have added into stocks like Voltas, InterGlobe Aviation because Voltas is undervalued relative to growth prospects and there will be a turnaround in performance in the next two-three years and it could perform like Lupin performed after the turnaround.” The asset management space in India is evolving on the listed side and now the representation in the markets is going up. You have been a part of the asset management industry for long, how are the business dynamics, competitive landscape and the yields now? Sandip Sabharwal: There was a phase in between where the regulator was trying to get the cost down for investors. At that time, we saw that despite the assets moving up, the profitability was not moving up and these sectors underperformed significantly. I think the change started from the beginning of last year where that phenomena stalled or stopped and that was no longer the focus of the regulator.

global conflict looms large, fuelled by ideological divisions, resource scarcity and climate change, said Chief of Air Staff, Air Chief Marshal Vivek Ram Chaudhari on Friday. The Air Chief was speaking on India and Global South at the 20th Subroto Mukherjee Seminar organized at Manekshaw Centre. The Air Chief said that the landscape of international relations is constantly shifting and traditional power structures are increasingly being challenged by new players and the threat of global conflict looms large, fuelled by ideological divisions, resource scarcity and climate change which has created interconnected challenges like economic disparity and resource exploitation. «Black Swan events like COVID-19 and conflicts like those we are witnessing across the world have aggravated the situation. In spite of all this, we are witnessing resilience and sustained economic growth by countries of the Global South.

PCBL with a target price of Rs 320. The current market price of PCBL Ltd.

Zomato share prices gained more than 1% as the company denied on any plans to acquire B2B logistics start up Shiprocket. Zomato has remained in spotlight in past few days with news flow pertaining to acquisition of B2B logistics start-up Shiprocket. In the release to the exchanges Zomato said that- There are articles circulating with subject “Zomato offers to acquire Shiprocket for $2 billion".

Piramal Enterprises and Piramal Capital & Housing Finance in AIF units was ₹3,817 crore. In a regulatory filing, Piramal Enterprises said ₹653 crore of this pertains to funds that have no exposure to any debtor companies of Piramal Enterprises.

International Monetary Fund (IMF) has raised concerns about the long-term sustainability of India's debts. It cautioned that general government debt is likely to exceed 100 percent of India's gross domestic product (GDP) in the near future, Business Standard reported.

South Asian nation, according to a report by Bloomberg. Hironori Kamezawa, the CEO of the bank, expressed confidence in India's economic growth, stating, "For India, economic growth is not something that will be a challenge; it's a sure thing," as quoted by the Bloomberg report.

Taking cues from the price of yellow metal in the international market, MCX February gold futures were trading at Rs 62,748 per 10 grams in the opening trade, up Rs 245 or 0.39%. Meanwhile, the March Silver futures were trading at Rs 75,683 per kg, higher by Rs 257 or 34%.

detained women protesters after enduring 26 hours of alleged humiliation, harassment, and torture on the 28th day of the movement against the Baloch Genocide. The Baloch Yakjahti Committee took to social media to share the distressing experience faced by the detained women while urging the Baloch nation to persist in their protests against the treatment of protesters in Islamabad.

Investors in Adani stocks, who were used to making astonishing returns by betting on Gautam Adani's business acumen, were in for a rude shock in 2023 when the combined market capitalisation of the conglomerate fell by around Rs 6 lakh crore because of the Hindenburg controversy. At the end of 2022, the total market value of all 10 listed Adani companies was Rs 19.6 lakh crore which has now fallen down to Rs 13.6 lakh crore. While many Adani stocks have managed to recoup a part of their Hindenburg-led losses, Adani Total Gas remains 74% down on a year-to-date (YTD) basis. The stock, which had gone close enough to nearly touch the Rs 4,000-mark is now struggling to inch above the Rs 1,000 mark. Shares of Adani Energy Solutions are also down 61% YTD.

Buy or sell stocks for today: After worst sell off in last 10 months, Indian stock market bounced back and ended higher on Thursday. Nifty 50 index ggained 104 points and closed at 21,255 levels, BSE Sensex shot up 358 points and ended at 70,865 mark whereas Bank Nifty index finished 394 points higher at 47,840 levels.

Day trading guide for today: Indian stock market witnessed a healthy bounce back on Thursday after a sharp selloff seen on Wednesday. Nifty 50 index ggained 104 points and closed at 21,255 levels, BSE Sensex shot up 358 points and ended at 70,865 mark whereas Bank Nifty index finished 394 points higher at 47,840 levels. Broad market indices rose more than the Nifty 50 index even as the advance decline ratio rose sharply to 3.66:1.

Mitsubishi UFJ Financial Group Inc., Japan’s biggest bank, is looking to further expand in India after making key investments to tap the south Asia nation’s growth potential. “For India, economic growth is not something that will be a challenge,” Hironori Kamezawa, the bank’s chief executive officer, said in an interview.

Zomato, One 97 Communications (Paytm) and FSN E-Commerce Ventures (Nykaa) — improved their ET500 ranks in FY23, Delhivery slipped lower. The sharper focus on the post-listing financials of startups has tempered the exuberance while forcing companies to shift focus from gross merchandise value to unit economics and profitability. The funding winter has added to the pressure on new-age companies to tighten belts and reorient their business.

equities. These institutional investors typically take a long-term view of target markets. Their investment horizon may also offer a perspective to investors concerned over the rising benchmark indices and whether the rally can be sustained in the medium to long term. SWFs typically search for a macro opportunity in an economy. A case in point is India’s electronic manufacturing services (EMS) sector.

The insurance industry wants to be carved out of a Massachusetts proposal that targets “junk fees” in product sales, a stance that echoes their opposition to a Department of Labor investment-advice proposal that also has been promoted as a way to combat “junk fees” related to retirement-savings recommendations.

European Union finance ministers have sealed a deal to reform the 27-nation bloc’s fiscal rules after France and Germany finally adhered to a compromise

The Federal Trade Commission is proposing sweeping changes to a decades-old law that regulates how companies can track and advertise to children, including turning off targeted ads to kids under 13 by default

China’s prospects for 2024 look uncertain, as a year that opened free of COVID-19 lockdowns winds down without the dreamed of robust recovery for the world’s No. 2 economy

Turkey’s central bank has hiked its key interest rate by 2.5 percentage points as part of its efforts to combat high inflation that has left many households struggling to afford essential items

The number of Americans applying for unemployment benefits rose slightly last week but still remained at historically low levels despite high interest rates