INDIA PORTS GLOBAL LIMITED
Buy Dalmia Bharat, target price Rs 2200: Emkay Global
Dalmia Bharat Ltd., incorporated in the year 2013, is a Mid Cap company (having a market cap of Rs 34883.86 Crore) operating in Cement sector.
Indian defence firms need to invest more in innovations and R&D to keep pace with global standards: Report
According to India Infoline Finance Limited (IIFL) report, these firms allocate only 1.2 per cent of their revenue to R&D, markedly lower than the global average of 3.4 per cent. This gap highlights a need for increased investment in innovation to keep pace with global standards.
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 43%
While the indices might be witnessing correction on intra intra-basis, the broader markets are still very much under the control of the bulls. There is greater likelihood of bullish sentiment continuing, so be bullish but more than anything else in the long term what matters for a stock is earnings and valuation. So be selective, avoid impulsive investing, and keep reviewing one’s portfolio and stay away from penny stocks especially. It is very likely that some of the penny stocks will fly and be distributed amongst retail investors. We look at stocks which have witnessed a continuous rise in their score in the last one month. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
Monday blues! Heavyweights drag Sensex 400 points lower; Nifty below 23,400
The weakness was led by selling pressure in banks and metal stocks, while FMCG and consumer durables saw some buying amid sectoral rotation. IndusInd Bank fell around 3% and was the top loser in the Nifty pack, followed by 2% plus declines in Cipla, Tata Steel, and Adani Ports. On the other hand, defensives from pharma, FMCG, and IT - Sun Pharma, ITC, Nestle, TCS, and HUL - saw buying action.
Adani Ports tops global peers in market value as cargoes surge
Adani Ports & Special Economic Zone Ltd.’s market capitalization has climbed to about $37 billion, overtaking peer Beijing-Shanghai High-Speed Railway Co. Rising cargoes and entry into India’s benchmark S&P BSE Sensex Index may extend its rally.
Haldia Petrochemicals Limited announces 10-year naphtha supply agreement with QatarEnergy
Haldia Petrochemicals Limited (HPL) has secured a long-term naphtha supply agreement with QatarEnergy. QatarEnergy. The agreement was signed through its subsidiary. The deal will provide up to 2 million tons of naphtha to HPL over the next decade starting from Q2 2024. The deal reflects a commitment to India's economic growth, with both parties emphasizing the strong relationship between Qatar and India. This significant agreement strengthens the partnership between HPL and QatarEnergy.
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Own midcaps? Do a check & balance exercise to avoid decision of haste: 7 midcaps from different sectors with an upside potential of upto 49%
Every now and then the market goes through phases, where it prefers a certain set of stocks, not based on sector but based on the overall market cap. So, sometimes it is large caps, at other mid-caps. Now this partially happens, due to the flows which are coming to markets. For example, if more flows are coming to mid-cap or multicap schemes there is bound to be out performance in the mid-cap space. Now what it does is that it tends to create a sudden surge in mid-cap. Similarly when there is an outflow like the kind of one which we saw in March this year, midcap stocks tend to decline sharply. Essentially, it is the flows which impact the broader matrix of how midcaps behave. So there are phases not owning a midcap stocks appeared to sin and then there phase, where owning them appears to be sin. But if one focuses on the underlying business and some critical parameters, there is a possibility of getting rid of these phases of anxiety which keep coming to the street and create long term wealth.
Answer to India’s critical minerals requirement lie in India’s extended neighbourhood
India is exploring critical minerals in Latin America for EVs, but a solution may be closer in Kazakhstan. The country has reserves of critical minerals that can support India's clean energy goals.
India eyes Bangladesh's Mongla port
India is looking to operate the Mongla Port in Bangladesh and build a new terminal, aiming to counterbalance China's strategic presence in the region. PM Modi is expected to discuss this with PM Hasina, who plans to visit India soon. This move would expand India's port management in the Indian Ocean Region, following its operations in Chabahar and Sittwe ports. This comes amid concerns over China's infrastructure projects in neighboring countries.
Adani Ports bags 5-year operation and maintenance contract at Kolkata port
Adani Ports and Special Economic Zone Limited (APSEZ) has secured a five-year Operation and Maintenance (O&M) contract for the container facility at Syama Prasad Mookerjee Port in Kolkata. The company must deploy cargo handling equipment within seven months from the letter of acceptance (LOA) date. The presence of APSEZ at the dock is expected to improve connectivity between the terminal and its container ports, particularly with transhipment hubs at Vizhinjam and Colombo.
They just happen to be listed in India, what matters to them is global developments: 5 stocks from two sectors with upside scope of up to 29%
In the last month of volatility, there are some sectors which have shown a streak of out performance. They haven't fallen as much as nifty and have been able to keep their head above the water even on the worst of days. The reason, their bottom lines are more correlated to what is happening in the country or the continent in which they have exposure both in terms of sales and in some cases in manufacturing. So, one way to take global exposure is to have a look at these companies, also it is a sort of diversification in terms of exposure to the underlying economy. Because they are operating at a global level, their balance sheets are good and in some cases, they have been able to enter amongst the top companies of the world in their sector.
Japan willing to work with Adani group, says Ambassador Suzuki after meeting Gautam Adani
Ambassador Hiroshi Suzuki of Japan expressed enthusiasm for collaborating with Adani Group after meeting Chairman Gautam Adani. The meeting, which took place on May 29, included a visit to Mundra Port and Khavda, where Adani Group is developing the world's largest Hybrid Renewable Energy Park with a capacity of 30 GW. Adani expressed gratitude for Suzuki's support and highlighted Japan's interest in India's renewable energy sector. The project, expected to be completed by Adani Green Energy Limited, will cover 538 sq km in Kutch, Gujarat, and require an investment of approximately Rs 1.5 lakh crore.
Singapore may eye Chabahar Port to create trade & transit corridor between SE Asia & C Asia
Singapore aims to access resource-rich Eurasia through India's Chabahar port in Iran, managed by New Delhi. The port plays a vital role in establishing a trade corridor with Kazakhstan, connecting Southeast Asia and Central Asia.
Power stocks: Stay with the re-rated ones in Modi 2.0 for next round in 3.0, just hedge a bit, 5 stocks with upside potential of upto 23%
In the last ten years there have been many sectors which have come out of their troubled past, but the power sector probably stands out for multiple reasons. First, moving out of trouble not only meant that power companies were able to stand on their own feet, but also a big amount of NPA which the banks were saddled with was due to power companies being in the red. So, the health of the power sector, especially the private companies, has seen an improvement. Because there are a large number of PSUs in the power sector, due to policy push and changes in the policy a number of them have seen better performance. Now because any sector where the government and its policies have played an important role in terms of revival, the continuation of the policy framework becomes critical for the sector. So in such a sector, shareholders should hedge before the election results so that their decisions are not impacted by the narrative that FPI are selling due to polls.
Stocks with tailwinds called advantage India: 5 largecap stocks from 3 different sectors with an upside potential of upto 36 %
In terms of valuations and sentiment we are not far from the place where we were in the last quarter of 2023 or early part of this year. When it was not possible to find stocks which can be called as “fairly valued” forget “undervalued”, and the sentiment was very bullish. The only difference between then and now is that we have election results which are coming up. Surely a confirmation on 4th June that continuity in the policy making is a big factor. But there is another thing which long term investors need to look at before investing. Whether the company or the sector has an advantage due to India as a country. A well known example, which has been present for decades is that of the IT industry. India as a country is a factory of software engineers, and that is our strength. So when investing for the long term, look at sectors where we have some strong tailwinds due to our human capital.
Beyond the clutter: India-US ties transcend ongoing differences
India explained why oil imports from Moscow are necessary to preserve global oil market stability, similarly Chabahar deal is also for regional stability which is valued by the US.
Chabahar pact important milestone; to provide connectivity to Afghanistan, Central Asia: PM
PM Narendra Modi highlighted India's milestone Chabahar port contract for Afghan connectivity, promoting regional trade via the International North-South Transport Corridor and India-Middle East-Europe Economic Corridor. The agreement involved IPGL's investments and debt, and the INSTC offers an alternative trade route to Russia, bypassing the Suez Canal.
Iran looking at some investments from India in Chabahar region after pact on port operation, says envoy
Iran is looking at some investments from India in Chabahar region post a long-term deal on the Chabahar Port operations, a top Iranian diplomat has said. Talking to PTI, Davoud Rezaei Eskandari, Acting Consul General of Iran in Mumbai, also said that the Chabahar Port deal could be a turning point for its "most relations" with India.
Reach Europe 20 days earlier and for 30% cheaper: How Chabahar port helps India expand its trade footprints globally
India’s pact with Iran to develop the Chabahar port will give a boost to the multimodal transportation network called the International North-South Transport Corridor, enabling exports from South Asia to reach Europe and Russia.
US shows understanding of Chabahar Port operations importance: India
The United States has shown an understanding of the importance of the Chabahar Port operations for continued humanitarian supplies to Afghanistan and to provide Afghanistan with economic alternatives, the Ministry of External Affairs said on Friday, reminding Washington of its own position on the project.
United States understands the importance of Chabahar port, says MEA
The Ministry of External Affairs spokesperson, Randhir Jaiswal, stated that the US acknowledges the significance of the Chabahar port for regional connectivity, despite potential sanctions on entities doing business with Iran. The port, which facilitates access to Afghanistan and Central Asia, was developed under a 10-year India-Iran agreement. External Affairs Minister S. Jaishankar emphasized its regional benefits. The US had previously exempted India from certain sanctions to support the port’s development, recognizing its strategic importance for Afghanistan’s reconstruction.
India eyes more Chabahar-like pacts: Ports Minister Sarbananda Sonowal
Sarbananda Sonowal, Union Minister of Ports, Shipping, and Waterways, stated that India aims to replicate the Chabahar port model in other strategic locations in the region to acquire additional assets. In an interview with ET, he emphasized that India is actively investigating opportunities to bolster its maritime presence and trade connectivity.
US ignoring its own sanctions waiver extended to India on Chabahar Port
The US warns of potential sanctions on dealings with Iran after India signs a 10-year contract on Chabahar Port. External Affairs Minister S Jaishankar stresses the project's regional benefits, citing past US acknowledgment.
View: Chabahar, port of a smart call
Investing in Chabahar presents its own set of obstacles. The progress in the region has been hindered by US sanctions over the years. Since 2018, India has refrained from importing significant amounts of heavy Iranian crude and faced challenges in providing financial aid for the construction of the Chabahar-Zahedan railway in 2020 due to sanctions. Energy trade has long been the cornerstone of India-Iran relations, and this shift has temporarily strained bilateral ties.
Chabahar Port development to help India expand trade routes; need to ensure necessary infra: GTRI
India has signed a 10-year contract to operate the strategic Iranian port of Chabahar, which will help India enhance its logistical capabilities and expand its trade routes to Central Asia. The port, which is Iran's only ocean port, is strategically located about 170 km west of Pakistan's Gwadar Port and offers an alternative maritime route to the congested Strait of Hormuz. The port is an integral component of the International North-South Transport Corridor (INSTC), a 7,200-km multi-modal transportation route connecting India with Iran, Azerbaijan, Russia, Central Asia, and Europe.
Arbitration matters related to Chabahar port to be referred to tribunal in Muscat: Official
"Major concerns, including lack of consensus on an arbitral framework, have been addressed. As per the agreement signed on Monday, matters requiring arbitration with regard to operation of the Chabahar port, will be referred to a three-member arbitration tribunal based in Muscat in accordance with the Singapore International Arbitration Centre (SIAC)," the official said on condition of anonymity.
"For everyone's benefit, don't think people should take a narrow view of it": EAM Jaishankar responds to US' sanction warning on Chabahar Port deal
Chabahar Port Deal: EAM S Jaishankar stresses regional benefits of India-Iran Chabahar Port deal despite US sanctions warning at his book launch "Why Bharat Matters" in Kolkata. US State Department's Vedant Patel warns of potential sanctions for deals with Tehran. India has signed Long-Term Bilateral Agreement with Iran for Shahid-Behesti port operation.
India’s counter to Pakistan’s Gwadar port: New Delhi signs 10-year Chabahar Port pact with Iran
India signed a 10-year agreement with Iran on Monday to manage Chabahar Port, marking its first overseas port management venture. The move, amidst a bustling election season, is viewed as a significant geopolitical gesture towards Iran, with potential regional ramifications. This agreement underscores India's strategic interest in Chabahar, which serves as a vital link to Afghanistan, Central Asia, and the larger Eurasian region, offering an alternative to Pakistan's Gwadar port and China's Belt and Road Initiative.
Chabahar Port deal with Iran sparks sanctions warning for India from its 'good friend' US
India and Iran signed a 10-year agreement to manage the Chabahar Port, enhancing regional connectivity and providing an alternative to China's Belt and Road Initiative. The US warned of potential sanctions for dealing with Tehran, but stated it would let India address its foreign policy objectives. The deal strengthens bilateral relations and facilitates trade with Afghanistan and Central Asia, with plans to integrate the port into the International North South Transport Corridor. India's investment in Chabahar's infrastructure aims to improve trade routes and access to Central Asian markets.
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