UPS Financial News

Stocks that are trading heavily or have substantial price changes on Monday: Chewy, Blackrock fall; Spirit AeroSystems, Amedisys rise

Feeling financially secure is a goal that many aspire to, but getting there is likely to be a challenge for most according to a new survey.

«Even if the markets go through a bit of a correction, pharma and FMCG will stand out. So, almost 14% to 15% of your portfolio at this point of time should be in pharma,» says Gautam Shah, Goldilocks Premium Research. What would you like to get into in pharma? What are you riding there? Gautam Shah: Well, pharma has been a brilliant story for the last one year. For the last four months, it has actually got into a consolidation patch. Now it saw a breakout last week and we like stocks like Dr Reddy's which could be setting up for possibly a Rs 1,000 rally from here. Sun Pharma has been a structural story for a couple of years now. Cipla has been doing well. Stocks like Divi’s Lab and Laurus Lab have completed their underperformance, so they are also likely to move up. So, this entire pack has a lot more upside and we have seen what Wockhardt Pharma and Zydus Life have done in the recent past. And these are in some sense low beta or negative beta. So, even if the markets go through a bit of a correction, pharma and FMCG will stand out. So, almost 14% to 15% of your portfolio at this point of time should be in pharma.

When cameras captured California Governor Gavin Newsom walking into CNN’s spin room last Thursday, flashing his Hollywood smile before the presidential debate in Atlanta, a few political observers in his home state rushed to social media with some version of the same annoyed question: “Why is he there?" He was there to cheer on President Joe Biden before his debate with former President Donald Trump. “Biden is confident," Newsom told reporters. “He’s got a record and he’s got a vision for the future." A couple of painful hours later, after a debate in which Biden, his voice raspy and halting, looked every bit of his 81 years, that vision for the future seemed cloudy.

Edge 50 Neo will be available in two storage variants: 8GB RAM/256GB storage and 12GB RAM and 512GB storage. It is likely to be available in 4 colourways: Gray, Blue, Poinciana and Milk colours.

₹14,999. The smartphone comes powered by the latest MediaTek 7300 chipset and features a 50MP primary sensor. The smartphone also comes with some nifty hardware accessories like interchangeable back case, card holder and The CMF Phone 1 is priced at ₹15,999 for the 6GB RAM/128GB storage variant and the 8GB RAM/256GB storage variant is priced at ₹17,999.

Ashok Leyland Ltd. traded 0.54 per cent up at Rs 228.2 at around 11:47AM (IST) on Thursday. The stock had closed at Rs 229.45 in the previous session. Equity benchmark Sensex traded 164.22 points higher at 80151.02 around the same time.

annual summit surprised many in the international community, the genesis of this visit was two telephone conversations between President Vladimir Putin and the Indian PM this year. The two first spoke following Putin’s Presidential polls victory in March. This was followed by Putin’s call to Modi (first P5 leader to telephone the PM) after BJP-led NDA’s election victory on June 4. ET has learnt that during the conversations the two discussed the possible visit by Modi for annual summit and it was decided that the PM could probably visit Russia by middle of this year. The government on both sides then worked to firm up the schedule as it was felt that a political summit was imperative to give momentum to the strategic partnership. Earlier during his trip to Moscow last December External Affairs Minister S Jaishankar had informed that Modi will visit Russia this year and he is also scheduled to attend the BRICS Summit in Kazan, Russia, end of October.

MobiKwik on Monday said it has become the largest digital financial services platform in terms of PPI Wallet transactions by value for April and May. Quoting Reserve Bank of India (RBI) data, MobiKwik said it has gained its market share in financial transactions through the Prepaid Payment Instrument (PPI) Wallet during the two months. The company saw its market share by value grow from 11 per cent in March 2024 to 20 per cent in April and further to 23 per cent in May.

Reasons to buyReasons to avoidThe IFB DIVA AQUA MXS 7010 is a sleek and efficient 7kg front load washing machine that offers excellent cleaning performance and water-saving features. With its Aqua Energie technology and 3D wash system, this machine is perfect for households looking for a reliable and energy-efficient washing machine.Reasons to buyReasons to avoidThe IFB NEO DIVA VXS 7010 is a feature-packed 7kg front load washing machine that offers a range of wash programs and advanced technologies for superior cleaning performance.

Vedanta Ltd is likely to hit the market in the next couple of weeks to raise money through a qualified institutional placement (QIP) route, sources aware of the development said. The move aims to reduce debt and fulfil certain capital expenditure obligations. Earlier in May, the board of the natural resources major had approved fund raising of up to ₹8,500 crore, which then got shareholder approval in June. The company could, however, raise a lower amount of around ₹6,000 crore, the people said. A final decision on the quantum of the share issue has yet to be taken.

Three U.S. Senators are calling for action against a new practice big technology companies are using to swallow up the talent and products of innovative AI startups without formally acquiring them

In their book, The Court on Trial, Aparna Chandra, Sital Kalantry and William Hubbard have taken a data-driven approach to assessing the performance of the Indian Supreme Court. Using data-sets created from over a million Supreme Court cases, they try to find answers to whether our apex court is in fact a “people’s court"; whether certain individuals (senior counsels with high name recognition) have inordinate influence on outcomes; whether the Chief Justice (as Master of the Roster) has outsize influence through the ability to strategically assign cases to benches of his or her choice; and whether the promise of post-retirement postings could influence judicial decisions towards the end of a judge’s term.

shipbuilding and repair policy under the 100-day action plan, a top government official said on Thursday. Maritime India Vision 2030 (MIV 2030) aims to move India's shipbuilding and ship repair ranking into the top 10 globally while Amrit Kaal Vision 2047 sets an even more ambitious goal of reaching the top five. «The MoPSW (Ministry of Ports, Shipping, and Waterways) is steadfast in its commitment to revitalise the shipbuilding and repair industry in India.

private equity and venture capital world is in the crosshairs of the goods and services tax (GST) office. About a dozen such alternative investment funds (AIFs) have recently received notices, with the revenue department questioning why their schemes, housing the fund pools, are not registered under GST. These funds raise huge money every year and bankroll thousands of startups and listed companies.

Mint analysis of consolidated financials of over 1,800 companies showed that the cash flow for purchase or creation of fixed assets (CFA) by these companies, or simply capex, increased by 19% in FY24. This was nearly the same as the 20% compound annual growth rate (CAGR) recorded during FY21-23, but a significant improvement from the -1.6% CAGR during FY19-21 The analysis is based on a common sample of companies for which data has been available for the last six years. The data excludes BFSI (banking, financial services, and insurance) and IT services.

China’s exports beat forecasts in June, while imports grew less than expected

A few months ago, Edmundo González’s life in retirement consisted of academic conferences, visiting old friends and playing with grandchildren at his Caracas high-rise. Few in Venezuela knew him. Now, the soft-spoken 74-year-old is the opposition’s presidential candidate in the July 28 election and what analysts say could be a last hope for democracy in a country ruled for 11 years by the strongman he is challenging, President Nicolás Maduro.

Nuvoco Vistas Corporation with a target price of Rs 465.0. The current market price of Nuvoco Vistas Corporation Ltd. is Rs 359.65. Nuvoco Vistas Corporation Ltd., incorporated in the year 1999, is a Small Cap company (having a market cap of Rs 12855.84 Crore) operating in Cement sector.

PepsiCo reported higher-than-expected earnings in the second quarter but acknowledged that after raising prices every quarter for more than two years, customers are not buying as many of its snacks and drinks

Aditya Birla Fashion & Retail (ABFRL), Balrampur Chini, Bandhan Bank, Chambal Fertilizers & Chemicals, Gujarat Narmada Valley Fertilizers and Chemicals (GNFC), India Energy Exchange (IEX), India Cements, Indus Towers and Piramal Enterprises (PEL). While Hindustan Copper has exited the ban, IEX is the latest entrant on the list.