INDIA BOARD REPORT
Midcaps stocks: Bullish, Selective, Long term, combined the three for wealth creation. 5 mid caps stocks with upside potential of upto 22 %
In a market where bulls are ruling every corner of the street, and stocks are either fairly valued or overvalued. The big question is how does one take care of the basic aspect of buying good quality stocks at reasonable valuations. While in this market reasonable valuation might be difficult to find so it would be better to focus on finding quality business knowing full well that one is paying premium in bullish times. Just do a little hard work and ask some questions about the business one is going to be owning after one buys the stock. Doing all this will help in selecting the right stock and staying with them in order to create long term wealth.
Bharat FIH plans factory reset on board, order woes
Foxconn group's Bharat FIH is facing challenges as it loses key directors and considers closing its Sri City facility due to reduced orders from Xiaomi, its main client. The company's dependence on Xiaomi has led to a decline, with industry watchers noting a lack of diversification. Bharat FIH struggles to pivot to other sectors and compete with PLI benefits offered to competitors like Dixon.
DGCA seeks report from Air India related to chartered Barbados flight
The DGCA has requested a report from Air India following reports that an aircraft meant for a scheduled flight from Newark to New Delhi was used to fly the Indian cricket team from Barbados, causing inconvenience to passengers. The Indian cricket team is expected to arrive in Delhi on Thursday morning after being delayed by Hurricane Beryl.
Hedge fund’s secret Adani short revealed in blow-by-blow account
A short-seller's report targeting Adani Group led to a $153 bn market value drop. The investigation involved a hedge fund, regulator, and a big Indian bank. US regulators scrutinized hedge fund collaborations and short-selling's impact on market efficiency.
Kotak Bank created fund used to bet against Adani: Hindenburg
Kotak Mahindra Bank managed funds for Adani stock trades, leading to significant profits. Despite ET queries, the bank mentioned transactions were made on a principal basis. Kingdon transferred funds for short positions on Adani stocks, resulting in gains after positions were squared off.
No new duty concessions for milk, milk products imports: DGFT
India has strictly limited milk and milk product imports under tariff rate quotas (TRQs) in accordance with WTO commitments. Santosh Sarangi, director general of foreign trade, confirmed that no TRQ imports are planned for the current year. TRQ imports have occurred only three times in recent years, managed exclusively by cooperatives and state-owned entities, following guidelines that balance producer and consumer interests.
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BCCI awards Rs 125 crore to Team India: Here's how much each player will get
T20 World Cup Final: The Indian cricket team secured their second T20 World Cup title with a thrilling win over South Africa. The BCCI announced a cash prize of INR 125 crores for the team, in addition to the INR 20.41 crores prize money. Key contributions from Virat Kohli, Arshdeep Singh, and Jasprit Bumrah were instrumental in the victory. Fans eagerly await details of the team's return and celebrations. This victory ends India's 11-year ICC trophy drought.
Coca-Cola uncaps board control of bottling operations
The Coca-Cola Company's move directly impacts India as Coca-Cola India's wholly-owned bottling company, Hindustan Coca-Cola Beverages (HCCB), was controlled by BIG.
India keen to speed up power grid link talks with Sri Lanka
India is actively pursuing discussions with Sri Lanka to establish a power grid link, focusing on renewable energy for electricity trading. The project includes overhead and under-sea cables, with economic benefits being evaluated by PwC India and plans for a joint consultant for investment decisions.
Sanjiv Bhasin faces Sebi's inquiry; IIFL Securities issues clarification
Sanjiv Bhasin, a familiar presence on various business news channels and digital media platforms, frequently shares his insights and trading strategies for stocks. In a statement, IIFL Securities said, "Bhasin was associated with IIFL Securities as a consultant on a contractual basis."
Quant Mutual Fund issues clarification on Sebi probe in front-running case
Sebi suspects that either a dealer from Quant or a broking firm through which the fund house places orders was leaking information about the trades. The regulator has conducted search and seizure operations in Quant's Mumbai headquarters and at the address of the suspected beneficiaries in Hyderabad.
India's electronics components demand projected to reach $240 billion by 2030
A new report by the Confederation of Indian Industry predicts the demand for electronics components and sub-assemblies in India to reach $240 billion by 2030, supporting a $500 billion electronics production. Priority components like PCBAs are expected to grow at a 30% rate.
Equity taxation tweaks, PSU disinvestment among 6 factors that could break markets: Kotak Equities
Indian benchmark index Nifty 50 has surged by 1,682 points or 7.6% since the June 4 debacle, driven by non-institutional investors and select institutional investors, as noted by Kotak Institutional Equities. The market's sentiment remains positive despite potential risks, with a focus on upcoming state elections and regulatory oversight.
Passengers report power outage at Delhi Airport; Boarding and check-in facilities briefly impacted
Delhi Airport Power Outage: Delhi IGI Airport's T3 terminal experienced a nearly 20-minute power outage, halting boarding and check-in services. Passengers reported non-functional counters and Digi Yatra facilities. The outage was due to a power grid fault but was swiftly resolved with operations resuming normally. Despite the disruption, flight schedules remained unaffected, supported by the airport's DG backup systems.
These 5 energy stocks can give more than 18% returns in one year
Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.
Sebi bars acting PFS Chairman from holding board seats
The regulator has also banned Pawan Singh, former chief executive of PFS from holding any position of director or key managerial personnel in any listed company or intermediary for two years. It has also imposed a penalty of Rs 25 lakh on Singh.
Higher property prices, changes in law to boost debt recovery from stressed realty projects: Report
The recovery of debt from stressed residential realty projects is expected to increase in the current financial year due to rising property prices and regulatory changes. Crisil forecasts a bad loan recovery rate of 16-18% by FY25, driven by improved project viability, strong demand, and investor interest. Recent amendments to IBBI regulations are also seen boosting real estate asset resolution. With residential realty demand projected to grow by 10-12% and low unsold inventories, ARCs are expected to expedite the turnaround of stressed projects.
Plea in SC seeks Centre, SEBI to submit report in Jun 4 stock market crash
A plea filed in the Supreme Court calls for a detailed report on the stock market crash following the election results, with losses reaching billions. The plea seeks action to strengthen regulations and protect investors, citing concerns over market volatility and lack of change despite previous directives.
Investors to get direct payout of securities now
Sebi mandates direct transfer of securities to demat accounts by clearing corporations to protect clients' assets. A Balakrishnan from Geojit Financial Services praises the move for enhancing security, ease of margin trading, auto pledge for funded stocks, effective from October 14, improving the margin trading facility.
Pune Porsche accident case: Forensic report confirms blood sample swap, Police to court
A forensic report in the Pune Porsche crash case revealed that the blood samples used belonged to the teen driver's mother, Police told a court. The incident, involving a Porsche and a two-wheeler, resulted in death of two IT professionals.
Tackling plastic pollution: A call to action for India
Plastic pollution has reached alarming levels, causing devastating consequences for the environment. From clogging waterways to threatening marine life, the pervasive presence of plastic waste demands immediate action.
Sebi's rumour verification rule and its implications
A new Sebi rule requires top listed companies to confirm, deny, or clarify market rumours reported in mainstream media, focusing on material impacts on share prices.
Adani Enterprises board to meet today to discuss fund raise
Adani Enterprises will discuss potential fundraising options during a board meeting scheduled for May 28. The agenda includes deliberations and approvals for proposals related to raising funds, which may involve issuing equity shares or other eligible securities through permissible modes.
Finally coming out of the woods? 6 mid and smallcap stocks from the much less talked paper industry
Remember a company called Ballarpur industry ltd or commonly known as ( BILT) from Thapar group. From being a blue chip and part of indices going through a corporate insolvency resolution process under IBC. There are some industries which at one point of time were considered to be safe haven. Best of the industrial houses used to run them and the street used to treat their stocks as blue chips. Then came a time, both due to dumping by China and other factors, that the whole sector went into dumps and just never recovered for decades; both in real business and also on the street. Now when an industry stays in deep trouble for a long time, there are some players who are able to survive. How do they do it? either by changing the way they operate in terms of management ability, by adding new products or any others. The paper industry has been facing multiple challenges, now after years of consolidation in which many players exited, there are few left and have achieved a scale. Numbers are reflecting it, when will the street start to have a look at then more kindly is the question.
Sebi plans tighter rules for listing of small businesses: Report
India's markets regulator and exchanges will tighten rules for public offers of small and medium enterprises (SMEs), according to two sources, after complaints of misuse of a separate listing platform introduced in 2012 to enable small businesses access the capital markets.
Everest refutes reports of ban in Singapore, Hong Kong over cancer-causing ingredient
Everest has denied reports of a ban on its products in Singapore and Hong Kong. The Indian government has ordered the collection of spice samples from all manufacturing units following concerns raised by food regulators in both regions. Ethylene oxide, a cancer-causing agent, was found in certain products of MDH and Everest, leading to warnings from Hong Kong and Singapore food regulators. Ethylene oxide is banned in food items in India, and the government has emphasized taking strict action against harmful substances in Indian spices.
Workplace injury reports show slight rise among top 1,000 listed companies
According to recent data from Prime Database, shared exclusively with ET, 268 companies reported 5,244 work-related injuries to white-collar employees in 2022-23, compared to 392 companies reporting 9,867 injuries to blue-collar workers during the financial year.
Everyone wants to board India's growing ESG compliance gravy train
Since FY20, the top 1,000 companies had to disclose their ESG performance under the business responsibility report. From FY23, this report turned into the more comprehensive Business Responsibility and Sustainability Report (BRSR) that requires disclosure of nearly 1,600 data points across different aspects of ESG.
Top listed firms report increase in staff injuries suffered at workplace
SEBI guidelines led to increased injury reporting at top companies, with a focus on white-collar employees. Challenges remain in underreporting incidents among blue-collar workers. Companies like IndiGo are enhancing safety measures for employees.
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