DRIVER EARNINGS
Jyothy Labs stock has earned 91% return in last one year; why analysts are bullish
Jyothy Labs will benefit from multiple growth drivers, including direct consumer sales, rising brand awareness, and expansion of modern retail.
Rs 4,000 per day: Bengaluru cab driver's earnings shock netizens
A Bengaluru cab driver revealed to a passenger that he earns ₹3,000 to ₹4,000 daily, supplemented by driving for Ola, totaling up to ₹75,000 per month. The Reddit post detailing this conversation has received over 300 upvotes and sparked a discussion on cab drivers' earnings, highlighting different perspectives on work and income.
Bernstein India Strategy: Navigating the disconnect between earnings and stock price movements
Caution is advised for investors as earnings performance is crucial for market progress, highlighting the risk of overvaluation. Informed investment decisions are necessary, considering the disparities in sectors like Metals and Industrials and the modest gains in financials amidst overall stagnation.
FedEx eyes fiscal 2025 profit just above Wall St target, shares soar
FedEx anticipates strong profits in fiscal 2025, considering strategic actions like potential freight business sale and ending the unprofitable postal service contract. Despite market challenges, FedEx's revenue grew amidst cost-cutting measures and operational consolidation, reflecting the company's resilience and focus on long-term sustainability.
Industrials strong, but be careful about valuations: Hiren Dasani of Goldman Sachs Asset Mgmt
"Emerging market equities, as an asset class, are not seeing inflows. They have seen outflows. The US is doing much better than the broader emerging market. The other dynamic is there is also a very strong AI (artificial intelligence)-driven theme that is driving the markets like Taiwan, which is a global supply chain for the entire AI-related and semiconductor segments"
Fund Manager Talk | PSU stocks in 3 sectors offer value for long-term investors: Charanjit Singh, DSP Mutual Fund
We expect the Government to remain focussed on infra investment even during the third term. Since FY21, the government has focussed on building infrastructure with central government expenditure rising from 1.7% of GDP in FY21 to 3.3% of GDP in FY24.
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Screaming value? 34 stocks with consistent earnings growth still trading below 5-year PE
34 stocks with consistent earnings growth, including Trent, are trading below 5-year PE. Axis Securities recommends buying Trent at Rs 4,800. 5 Nifty index cos, like ICICI Bank and Maruti Suzuki, are also undervalued.
Big tech is driving the S&P rally. The rest have to step up soon
Tech stocks face diverging performances as Nvidia leads the pack, while Apple struggles, causing a profit cool down and an emerging asymmetry among Big Tech stocks, affecting the overall earnings potential in 2024.
Asian earnings growth to outpace US and Europe, India's growth momentum strong: Report
The analysis by CLSA, citing Bloomberg's projections, forecasts that Asian earnings growth will surpass that of the US and Europe for both this year and the next. This positive outlook is in line with the Reserve Bank of India's (RBI) prediction of a robust 7.2 per cent growth rate for India in fiscal year 2025.
How electric car batteries might aid the grid (and win over drivers)
New technology could transform expensive electric car batteries into assets for owners, offering benefits like reduced utility bills and free parking. Automakers like Ford, GM, and BMW are exploring using electric car batteries to store excess renewable energy, creating a potential new revenue stream.
Politics may be fluid, but economics is still solid. Time to be somewhat greedy: Raamdeo Agrawal
Post-election, Nifty dropped reacting to exit polls. BJP leads with NDA's mandate for the third government, promising development reforms. PM Modi targets a developed India by 2047 with positive economic indicators like RBI rate cuts, good monsoons, and FIIs re-entry.
Expect 13-15% earnings growth in FY-25 driven by topline growth, margin expansion: Venugopal Garre
Remember, we have not even yet seen a rate cycle decline as well, so those are the levers which come through late in the year from a support point of view for macro.
Shortage of long-haul truck drivers hits logistics industry
Low pay scales, harassment by highway authorities and cops, adverse weather conditions, risk of accidents, lack of benefits at work, lack of hygienic restrooms and night parking facilities are some of the reasons for high attrition that is also dissuading many from the new generation to join the profession.
Are we headed for a sell-on-news market on June 4? Siddhartha Khemka explains
Siddhartha Khemka assesses Paytm's situation, noting the impact of RBI regulations on the banking business. He emphasizes the need for management changes and regulatory approvals for growth in the lending and distribution segments. Khemka also says that they have a buy rating on both Jindal Steel and JSW Steel and also have a positive view on Coal India as well as NMDC which are dependent on the overall metal pack.
After consolidating around current levels, market to deliver healthy returns over 3-5 years: Jitendra Arora
Jitendra Arora of ICICI Prudential discusses market consolidation, challenges in valuations, and investment strategies emphasizing long-term growth over short-term gains. He provides insights on sectors like private banks and real estate for potential investment opportunities. Arora says: "Private bank is one pocket where we find a lot of comfort as a house in terms of the valuations."
Nvidia adds over $200 billion in market value in post-earnings rally
Nvidia's shares surged over 9% on Thursday, adding $218 billion in market value, the second-largest single-day gain in history on Wall Street, fueled by a bumper revenue forecast reinforcing investor confidence in the AI-driven chip demand boom.
2 sectoral bets from Ganeshram Jayaraman for next 2 years
This has led to a very positive capex cycle, likely to start private sector capex cycle. This very good profit growth also led to strong government capex because tax collections were buoyant. So, it was a very strong demand, supply, earnings and valuations cycle.
Digit IPO coming soon; TCS’ Krithivasan earnings
Bengaluru-based insurtech startup Go Digit General Insurance has announced that its IPO will open on May 15 and close on May 17. This and more in today’s ETtech Top 5.
Uber’s India driver count tops 1 million
Ride-hailing platform Uber reported $654 million loss on global revenue of $10.13 billion for the January-March 2024 quarter. The company's mobility business saw 26% growth in gross bookings. The number of monthly active users on the platform globally rose 15% to 149 million. Uber operates mobility and delivery services globally.
Instacart partners with Uber Eats to offer restaurant deliveries
San Francisco-based Instacart said Tuesday that its U.S. shoppers will see a "Restaurants" tab in the company's app in the coming weeks. Restaurant orders will be delivered by Uber Eats drivers.
Titagarh Rail shares jump 9% after Morgan Stanley initiates with overweight rating
Titagarh Rail Share Price: Morgan Stanley sees freight as a significant revenue generator for Titagarh, while also acknowledging the potential of the passenger business for growth. The firm anticipates an impressive 28% earnings compound annual growth rate (CAGR) for Titagarh over the period spanning FY 24-27.
Tesla soars 12% on tentative approval for driving system in China
The developments came after Tesla Chief Executive Officer Elon Musk made an unannounced trip to China on Sunday, seeking approval for driver-assistance software that could help arrest the carmaker’s revenue decline. While the company’s suite of features require constant supervision and don’t make Teslas autonomous, the company charges $8,000 for them in the US, or $99 a month for a subscription.
Digitisation will be key driver for Mahindra Finance, says MD designate
Senior management at Mahindra Finance is witnessing a paradigm shift as vice chairman Ramesh Iyer passes the reins to Raul Rebello at the end of April. Though developing new business models would take some time, analysts believe the company's strong rural reach and financials would be beneficial.
Uber, Lyft drivers strike across US, demanding fairer pay
Workers say the rideshare and food delivery platforms are taking disproportionate sums from their fares as fees, hurting their earnings. The protest comes just as Uber, the largest ride-share company, saw its shares hit a record high after announcing a $7 billion share buyback.
Lyft guarantees weekly earnings to lure more drivers
The ride-hailing market has largely been a duopoly between Lyft and Uber in the United States, with the former that owns a roughly 30% market share locked in a fierce competition with the rival for riders as well as drivers.
Which are the areas of the market where risk reward is very juicy even now? Vinay Jaising answers
Vinay Jaising of JM Financial Services believes that valuations are close to peak for many stocks, including largecaps. He emphasizes the importance of bottom-up stock picking and focusing on mid and smallcaps with earnings visibility and growth drivers. Jaising also highlights the potential for outperformance in areas where the market is mispricing opportunities. He discusses the significance of domestic order book visibility and the potential for increased capex by the government and corporate India. Jaising expects that when interest rates are cut, loan book growth will improve and overall markets will become more robust as earnings visibility improves.
Expect 20% earnings growth this quarter; will continue to drive markets: Ashish Gupta
Ashish Gupta says: “Banks have underperformed last year and the markets really did not pay up for the fact that ROAs for the banks improved. And therefore, despite the fact that return on assets for banks has peaked out and will be moderating, the valuations are comfortable enough for us to be positive on the sector.”
Manufacturing, private capex and exports are drivers of corporate earnings over medium term: Saion Mukherjee, Nomura
Saion Mukherjee says: “As we see traction in manufacturing, our expectation is that we will also see a very strong pickup in private capex. So manufacturing, private capex, exports, would be the drivers of corporate earnings over the medium term. Of course, this would have a ruboff effect on consumption as we go forward.”
ETMarkets Smart Talk: Old economy sectors likely to drive markets for next 2 years: Anirudh Garg
"In 2021, the market underestimated the Fed’s inflation warnings. Today, as the Fed signals a shift towards reducing interest rates, we are at the cusp of a new phase in the economic cycle. After a strong run fueled by defence, railways, power, and infrastructure sectors, we foresee support coming from interest rate-sensitive sectors."
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