FWD
HPCL, ONGC, GSPL only pockets of value in oil & gas sector: Motilal Oswal
HPCL, ONGC and Gujarat State Petronet (GSPL) are the only stocks with value in the Indian oil and gas sector, domestic brokerage firm Motilal Oswal stated in its report, noting that value trade has faded away in the sector.
Chole Bhature, kadak chai, and gazab UPI: US Ambassador Eric Garcetti shares his amazing experience in India
"I never dreamed I'd have the honor and privilege of representing my country here in India, but what a year it's been," remarked Garcetti, expressing gratitude for the opportunity.
Get Your Glow On: Discover the Top 10 Summer Bronzers for a Sun-Kissed Complexion
Summer bronzers are the quintessential beauty essential for achieving a sun-kissed glow during the warmer months. These cosmetic products come in a variety of formulations, including powders, creams, and liquids, designed to impart a natural-looking tan to the skin. Whether dusted lightly across the cheeks for a subtle flush or applied generously for a beach-ready radiance, summer bronzers add warmth and luminosity to the complexion. With options ranging from matte to shimmer finishes, they cater to different preferences and skin tones, ensuring everyone can achieve their desired sun-kissed look. Whether lounging by the pool or attending a summer soirée, summer bronzers effortlessly enhance the skin's natural beauty, making them a staple in every makeup bag during the warmer months.
White House weighs immigration relief for spouses of US citizens
The United States is exploring temporary legal status for immigrants married to Americans, energizing Democrats before the Nov. elections. Biden faces pressure to protect immigrants amidst executive actions to reduce border crossings and potential U.S.-Mexico border actions.
US Consulate in Hyderabad conducts visa interviews for 1500 applicants in 'Super Saturday' exercise
US Consulate Team in Hyderabad conducted a quarterly Super Saturday, processing 1500 visitor visa applicants. Efforts to streamline the process and strengthen US-India connections were highlighted, with a focus on technological advancements and the increasing number of Indian visa applicants.
Ebitda positive for last two quarters, says Myntra
Myntra posts strong growth, staying EBITDA positive. GMV growth 2x online fashion market. MAU reaches ~60M by 2023 end. Emphasis on non-apparel, premium fashion, Beauty, and Gen-Z.
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HSBC dispels fears of deeper correction in midcaps. Picks Nykaa, 7 more stocks as buys
HSBC has identified 8 midcap stocks, which could give up to 58% returns. It has dispelled fears of a deeper correction in midcaps from here, like what happened in 2018 when the BSE Midcap index fell by over 13%.
Volatility in market is different from volatile business: 5 large cap stocks with upside potential ranging from just 2% upto 46%
There cannot be any doubt about volatility on the street, both as reflected by advance decline ratio or the kind of movement we see in nifty and other sectoral indices, one day down another day up to third day to fall again. Amid the current market downturn, the key question arises: will this correction phase usher stocks from a state of overvaluation to being reasonably priced? Investors aiming to inject more funds into the market during this realignment should consider focusing on specific stocks that exhibit dual advantages. Firstly, identify stocks from sectors exhibiting robust performance, benefiting from sectoral growth. This means that their business is not volatile. Second, essential financial metrics such as Return on Equity (ROE), Return on Capital Employed (ROCE), and company debt levels should not be overlooked. Combining the two the sectoral tailwinds and individual companies fundamentals is a necessity in times of market correction.
ETMarkets Smart Talk: Be cautious picking stocks in PSU Bank space after multibagger rally: Kedar Kadam
The rally in PSU stocks was driven by improved ROE profile and govt policies, but caution is needed due to high valuations. Positive stance on Indian equities. Indian economy grows at 8.4% in Q3FY24. Investor interest returning to debt mutual funds. Positive view on tourism & hospitality sector. Caution advised for SME IPOs compared to mainboard.
Looking for PSU stocks to buy? Go with momentum, dividend yield, says Bernstein
The PSU index is expensive, trading at 11.2x fwd PE and 1.8x PB which is +1SD to the historical average. However, relative to the broader market (BSE 500), PSU portfolio is still trading below the historical mean on 12-month forward PE and just slightly above the mean on PB.
BPCL shares rally over 4% on upgrade by Jefferies, target price set at Rs 890
Jefferies upgraded BPCL stock due to a steep discount and less impact from marketing losses in diesel till national elections. Target price of Rs 890 set, valuing it at 2.8x fwd P/B for 14% ROE in FY25.
Fashion platform Myntra’s FY23 revenue grows 25% to Rs 4,375 crore, loss widens
Myntra's total expenses in FY23 rose to Rs 5,290 crore. The fashion etailer spent Rs 1,758 crore in advertising and promotional expenses, up 35% from a year ago, the biggest single contributor to its total expenses.
Hot Stocks: Brokerages view on Eicher Motors, BSE, L&T and Sai Silks
Also, Elara Capital recommended a buy on L&T and HDFC Securities Institutional Research has a buy on Sai Silks (Kalamandir).
Riding on the digitization of Indian capital markets! Jefferies initiates 'Buy' on BSE. Sees 24% upside
"The BSE derivatives market share jumped to 14% from less than 1% in the last six month, led by these product launches. Continued growth and improved monetisation will lift the share of derivatives income to 35% of revenues in FY25 as against 2% in 2Q FY24. Derivatives ramp-up is the key driver for recent earnings upgrades and stock performance," Jefferies said.
Stocks to buy| Hot Stocks: Brokerage view on Bajaj Finance, Can Fin Homes, Tata Motors and Kotak Bank
The spread compression remained modest. Profitability remains strong and the return on equity (ROE) is of 22%+ even post-capital raising, it added.
HDFC Bank Q2 Update: Advances up 58% YoY, deposits rise 30%
The lender informed exchanges that its gross advances aggregated to approximately Rs 23,54,500 crore as of September-end, a growth of around 57.7% on a YoY basis and a growth of around 44.4% on a quarter-on-quarter (QoQ) scale.
Accenture earnings harbinger of bad news for 3 Indian IT stocks. Sell or hold?
Accenture's 4% YoYcc growth in 4QFY23, at the mid-point of its 2-6% guidance, was the sixth straight quarter of revenue deceleration for the company. Going by the company's commentary, FY25 growth expectations could be at risk as well.
Heels Season 3: Here’s what we know so far
Is Heels Season 3 in the works? As of September 15, 2023, Starz hasn't confirmed its fate. The decision hinges on the season finale's performance and factors like declining viewership and industry strikes, leaving fans in suspense about the show's future.
ETMarkets Smart Talk: Top 6 sectors that could benefit from success of Chandrayaan 3 mission: Alok Agarwal
"Sectors like HVAC, Industrial Heating, Defence, Energy, Green Hydrogen, Electrolysers etc. are direct beneficiaries of the current mission. The success of this mission is bound to increase opportunities for above mentioned and newer segments. The increase in the credibility factor is likely to benefit us in terms of export opportunities too."
Taylor Swift's 'The Eras Tour’: See how to get last-minute tickets for Mexico City concerts
Taylor Swift's 'The Eras Tour’ heads to Mexico City's Foro Sol for four concerts from August 24. Last-minute tickets are still available, starting at $672 USD.
Flipkart targets GenZ users with new offering Spoyl, follows subsidiary Myntra
The new offering Spoyl will focus on the GenZ segment, offering over 40,000 products, across segments such as westernwear, accessories and footwear.
Myntra to increase penetration into India's Gen Z community with its ‘FWD Campus Tribe’
Myntra, an Indian e-commerce platform, has launched a student community called ‘FWD Campus Tribe’ to target Gen Z students and build a creator economy. Members will receive benefits, including access to a three-month Insider Trial pack and one-on-one styling sessions.
Myntra plans makeover of private label strategy, 50 jobs to be hit
While the impacted roles will be across verticals, a majority of staff in the in-house brands vertical would be most affected, people in the know said.
Friends may have a bigger influence on Gen Z when they step out to shop
Friends’ suggestion matters more to Gen Z than an influencer’s while buying products: Report
Myntra launches fashion portal FWD to tap GenZ shoppers
Myntra CEO Nandita Sinha told ET that the product had been in the works for several quarters and that through FWD, the company aims to attract 10 million Gen-Z users over the next two years.
Rupee seen pressured as lower fwd premiums stir importer hedging: Analysts
This has led to a decline in the rate at which dollars can be bought or sold for delivery at a later date, known as the forward outright rate. The outright is derived from spot and forward premiums.
Plan your Investment in 2021: 5 must-haves for new investors
StockHolding undoubtedly is one of the most trusted Demat service providers with an array of other benefits along with a broking account. StockHolding has been helping people plan their investments better since 1986 and is trusted by more than 5 crore customers across India and have been acknowledged by NSDL past 8 consecutive years for “Highest Asset under Custody”.
2018 Honda Accord: Take a look at World's first FWD sedan with 10-speed automatic transmission
The 2018 Honda Accord has been unveiled in the US, making its global debut in the automotive market. As per the Japanese auto giant, it is the first FWD (Front Wheel Drive) sedan to get a 10-speed transmission.
Silicon Valley finds its voice as immigration ban fuels outrage
Among startups, 51% of those valued at more than $1 billion had an immigrant as co-founder, according to a paper by the National Foundation for American Policy.
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