UPS Financial News

equity mutual funds have offered double-digit loss to SIP investors and have lost up to 34% in the current calendar year so far. There were 269 schemes in the mentioned period, of which 262 gave negative return on SIP investments. The top losers in the list were from Samco Mutual Fund. Samco Flexi Cap Fund gave a loss of around 33.56% on SIP investments in the current financial year so far. A monthly SIP of Rs 10,000 made in this fund on April 1, 2024 would have been Rs 98,306 now against an invested amount of Rs 1.20 lakh. Samco ELSS Tax Saver Fund which lost 29.12% on SIP investments in the same period.

Nuvama Institutional Equities has initiated coverage on Waaree Energies with a ‘buy’ rating and a target price of Rs 2,805 per share, implying an upside of 25% from current levels, citing the renewable energy firm’s aggressive capacity expansion and strategic backward integration plans that position it to capture multi-decadal growth in India’s renewable energy and green hydrogen sectors. The brokerage said it expects Waaree’s revenue and EBITDA to grow at a compounded annual rate of 30% and 54%, respectively, over FY24–27, driven by a strong order book, capacity ramp-up, and margin expansion. «Waaree is prudently executing a long-term strategy of becoming a horizontally and vertically integrated New Energy play,» Nuvama said in a report.

Madras Fertilizers Ltd.(up 5.19%), Rashtriya Chemicals & Fertilizers Ltd.(up 4.53%), Paradeep Phosphates Ltd.(up 4.01%), Nagarjuna Fertilizers and Chemicals Ltd.(up 3.97%), Agro Phos India Ltd.(up 3.42%), Khaitan Chemicals & Fertilizers Ltd.(up 3.23%), The Fertilisers and Chemicals Travancore Ltd.(up 2.99%), Gujarat State Fertilizer & Chemicals Ltd.(up 2.79%), National Fertilizers Ltd.(up 2.62%) and Madhya Bharat Agro Products Ltd.(up 2.31%) were among the top gainers.

Karnataka is gearing up for a statewide bandh on March 22, organised by Pro-Kannada groups from 6 am to 6 pm. While the bandh aims to make a strong statement, it has left students, commuters, and businesses worried about its impact.

MphasiS Ltd.(up 3.63 per cent), Coforge Ltd.(up 1.88 per cent), Persistent Systems Ltd.(up 1.73 per cent), Tech Mahindra Ltd.(up 1.31 per cent) and L&T Technology Services Ltd.(up 1.09 per cent) were among the top gainers.

Au Small Finance Bank Ltd.(up 1.98 per cent), Canara Bank(up 1.9 per cent), Kotak Mahindra Bank Ltd.(up 1.69 per cent), Punjab National Bank(up 1.37 per cent) and ICICI Bank Ltd.(up 1.31 per cent) were among the top gainers.

Warren Buffett, true to form, remains unmoved — sticking to his decades-old view that gold is an unproductive asset with no place in a value investor’s portfolio. The Berkshire Hathaway chairman has famously dismissed gold as an unproductive asset that generates no cash flows or economic value — unlike businesses that reinvest profits or commodities like silver with extensive industrial utility.

Upcoming cars in India)Leading brands including Honda, Hyundai, Citroen, and Mahindra are offering special promotions, such as cash discounts, trade-in bonuses, corporate incentives, and scrappage bonuses. These deals, valid until March 31, 2025, create an excellent chance to purchase a new car at a lower price before prices rise. Below is a list of car manufacturers and their respective March discounts:Honda Cars India is offering incentives of up to ₹90,000 on models like the City, Elevate, Amaze and City e:HEV.

Subscribe to enjoy similar stories. It wasn’t that long ago that perfectly stabilized high resolution video capture used to be the preserve of dolly-mounted movie cameras in the hands of professionals. Today, smartphone cameras have stepped right in with gorgeous 4K video, but even with refinements in image stabilization, they’re still left wanting when it comes to buttery smooth video footage and those sweeping cinematic shots.

TBO Tek shares will remain in focus on Friday as a Rs 400 crore block deal in the travel distribution firm has been launched, with Augusta TBO Singapore Pte Ltd and TBO Korea Holdings Ltd looking to offload up to a 3.1% stake, sources told CNBC-TV18. The offer floor price has been set at Rs 1,180 per share, reflecting a 7% discount to the current market price (CMP), according to multiple sources familiar with the development.

But, but, but… India’s obesity problem is no small fry, and Big Pharma is racing to cash in. With Eli Lilly launching Mounjaro ahead of Novo Nordisk's Wegovy, weight-loss drugs are heating up the market. Meanwhile, PM Modi has waved the red flag on India’s rising obesity crisis— 440 million people could be obese by 2050! This is “huge and scary.” With the economic burden projected to hit a staggering $838.6 billion by 2060 eating up 2.5% of India's GDP. Is India ready for the weight-loss drug wave?

IT stocks amid concerns over discretionary spending in the U.S. The BSE Sensex was down 114 points, or 0.15%, at 76,234, while the Nifty50 slipped 14 points, or 0.06%, to 23,176 around 9:19 am.

Hero Motocorp shares are set to remain in focus on Friday, March 21, after the company announced that it has made a strategic investment of up to Rs 525 crores (in one or more tranches), in Euler Motors. This move aims to provide Hero MotoCorp with a strong foothold in the fast-growing electric three-wheeler market. “Moving swiftly towards its vision, “Be the Future of Mobility”, Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, will make a strategic investment into the electric three-wheeler category by acquiring a significant stake in Euler Motors. The Company's board has approved a strategic investment of up to Rs. 525 crore (in one or more tranches), in Euler Motors Private Limited,” the company informed the stock exchanges.

«As far as other two-wheelers are concerned, by and large, they are doing reasonably well. We have to keep focusing from long-term on Bajaj. I do not see much of a problem there,» says Sudip Bandyopadhyay, Group Chairman, Inditrade Capital. Want to get your view on this entire auto space because today we have news flow coming in from Ola Electric on one end. On the other side, over the last couple of days, we have seen major auto players announcing price hikes that they will be rolling in from next month. How much do you think this price hike could aid the bottom line of these auto companies for FY25 and what is the outlook on the sector in general? Sudip Bandyopadhyay: The auto price hikes are definitely good news as far as the industry is concerned. Obviously, it kind of shows that there is demand, that is how the manufacturers are taking the risk of hiking prices.

Gurmeet Chadha, CIO & Managing Partner, Complete Circle Consultants, says despite the fall, Polycab still trades about 30-35 times forward. But Chadha thinks it is a bit of an overreaction. Also, earlier when UltraTech came, the stock corrected and we saw a bit of a recovery. With Adanis entering the fray, there has been another correction. The cable and wire business is very different from the cement industry which saw a similar disruption? Over a period of time, the industry itself is likely to grow with surging power demand, and revival in housing and infra. By the time the new companies would be operational, the market would have grown by another Rs 15,000-20,000 crore from about Rs 1 lakh crore now. So, he does not see much concern in the long run. What is your view on a beaten down sector like the wires and cables segment? What should an investor do if they are invested in this space right now and if they have some of these names like KEI or Havells or Polycab in their portfolio? Is this a move coming in on the back of news flow? It is just the one-time shock that is coming in and in the near future there is room for everybody to win in this space or do you believe that these new entrants could be creating more havoc than the Street is estimating at this point? Gurmeet Chadha: It is a bit of a parallel street drawing of what happened to Asian Paints when Birla came up with the Opus brand.

Donald Trump made it clear that those involved in the recent series of attacks on Elon Musk-owned Tesla properties could face significant consequences, including long prison sentences. Trump warned that anyone caught «sabotaging Teslas» — whether the perpetrators or their financial backers — could face up to 20 years in prison, in a fiery post on Truth Social. “People that get caught sabotaging Teslas will stand a very good chance of going to jail for up to twenty years, and that includes the funders. WE ARE LOOKING FOR YOU!!!,” his post read. This stern warning follows a string of attacks on Tesla showrooms, charging stations, and private vehicles, mainly in left-leaning cities across the United States. The White House has strongly backed Musk in the wake of these attacks.

The data came in the wake of Bank of Japan (BOJ) Governor Kazuo Ueda's warning, made after its decision to keep interest rates steady on Wednesday, that rising food costs and stronger-than-expected wage growth could push up underlying inflation. The increase in the core consumer price index (CPI), which strips away the effect of volatile fresh food costs, compared with a median market forecast of a 2.9% gain. That kept core inflation above the BOJ's 2% target for the 35th straight month. It slowed from the previous month's 3.2% rise due largely to the resumption of subsidies to curb fuel costs, government data showed on Friday. A separate index that excludes the effects of both fresh food and fuel costs, closely watched by the BOJ as a broader price trend indicator, rose 2.6% in February from a year earlier after climbing 2.5% in January. It was the fastest year-on-year increase since March 2024, when it rose 2.9%.

Oil prices rose in early Asian trading on Friday, and were set for their second consecutive weekly gains, after fresh U.S. sanctions on Iran and a new OPEC+ plan for seven members to cut output raised bets on tightening supply. Brent crude futures climbed 42 cents, or 0.6%, to $72.40 per barrel by 0026 GMT. U.S. West Texas Intermediate crude futures were up 45 cents, or 0.6%, to $68.52 a barrel.

Subscribe to enjoy similar stories. Mumbai: Stock market indices have pulled back from the lows of early March, but veterans on the Street do not believe the market has bottomed out yet. The reason: Persistent selling by foreign portfolio investors (FPIs), who have dumped Indian shares for six straight months through March.

Subscribe to enjoy similar stories. New Delhi: India's auto parts manufacturers are bracing for an uncertain future, as large automakers boost production of electric vehicles (EVs) at the expense of petrol and diesel models, in a shift that is transforming the requirements for components and increasing the role of technology.