INFRASTRUCTURE MAJOR
187 BSE500 stocks offer double digit returns as markets scaled new heights in June
The India Cements was the top gainer in this pack with nearly 44% return, followed by Amara Raja Energy (41%), JK Paper (40.5%), and V Mart Retail (40.5%).
Delhi Airport disaster raises concern over Modi’s building spree
A deadly roof collapse at India’s busiest airport adds to a series of recent infrastructure disasters, raising safety concerns as PM Narendra Modi invests billions in transportation improvements. The incident at Delhi’s airport highlights issues with quality and maintenance in the country’s infrastructure development push.
Tariff hikes could help telcos see through 5G, infra spends...
Recent tariff hikes by telcos aim to boost ARPU, improve financial performance, and support tower installations for 5G rollouts. The industry seeks increased cash flows through regular tariff revisions to justify investments in new technologies like 5G.
Stocks in news: HCL Tech, Polycab, SAMHI Hotels, Archean Chemical, Ambuja Cement
Sagar Cements re-appointed S Anand Reddy as Managing Director and S Sreekanth Reddy as Joint Managing Director of the company for a period of three 3 years.
JSW Infrastructure seals deal; to buy Navkar Corporation
JSW Infra has finalized an agreement to purchase all shares held by the promoters of Mumbai's Navkar Corporation, which operates in the container handling sector, according to a disclosure to the stock exchange. Navkar Corporation offers a range of complementary products to the ports owned and managed by the Sajjan Jindal-group company. JSW Infra will pay Rs. 1,013 crore in cash for the stake acquired from Navkar Corporation's promoters.
Majority of Indian employers plans to add staff in first six months of FY25: Survey
The Indian employment market is expected to expand by more than 6% in the first half of the fiscal year, driven by a positive economic climate across 23 industries, according to TeamLease Services' Employment Outlook Report for H1 FY25. The report, which surveyed 1,417 employers in 20 cities, found that 56% of employers plan to grow their workforce in the coming months, 23% expect to maintain current levels, and 21% foresee a decline in staff numbers.
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PM Gati Shakti scheme is transforming India's infrastructure: Morgan Stanley
In a recent report, Morgan Stanley has lauded India's PM Gati Shakti scheme, highlighting its significant impact on infrastructure development. The report emphasizes India's robust increase in infrastructure investment, projected to rise from 5.3% to 6.5% of GDP by F29, driven by a strong 15.3% CAGR. This growth is expected to total USD 1.45 trillion over five years, fostering high productive growth and enhancing investment rates. PM Gati Shakti integrates 16 ministries for coordinated infrastructure planning, focusing on multi-modal connectivity and logistics efficiency, which has shown tangible results in project completion and sectoral development.
Strong demand in cement for next 1-2 yrs; 5 stocks to bet on: Ronald Siyoni
Ronald Siyoni, says there is an intention within the sector to go ahead with the cement price hike. We have seen about 1.5% odd price hikes during June on an average on a pan-India basis, but still, pan-India prices remain lower sequentially for quarter one of FY25 by about 3% to 4%.
Sector-wise fundamental analysis of Indian stocks after elections
Investing in quality companies and adopting a long-term SIP approach can maximize benefits in India's growth journey towards a $10 trillion economy through essential infrastructure development.
87 stocks turn multibaggers in resilient Indian market during H1. What's the second half looking like?
Indian market showcases resilience with 87 stocks turning multibaggers in H1. Top performers include Marsons and Tinna Trade. IT and capital goods sectors witness significant growth. Analysts predict positive market trajectory post-Union Budget and US Fed's decisions.
Adani Airports to chart next decade with $21 billion infusion
The business is housed under wholly owned subsidiary Adani Airport Holdings, which currently owns seven operational airports, in Mumbai, Lucknow, Ahmedabad, Jaipur, Guwahati, Thiruvananthapuram and Mangalore. Phase I of city-side development across 98 acres at airports in Mumbai, Ahmedabad, Jaipur, Lucknow and Guwahati has begun.
ZEE MD & CEO Goenka acquires majority stake in Maverick Media in personal capacity
Punit Goenka's investment in Maverick Media aims to revive single-screen cinemas in underserved tier II and tier III cities across India. Goenka emphasised the immense potential of these markets and the importance of reviving this infrastructure to expand the reach of cinema.
L&T bags significant order for solar plant in Bihar
Infrastructure major Larsen and Toubro (L&T) has won a substantial contract to construct a grid-connected solar plant with a battery energy storage system in Bihar, valued between Rs 1,000 crore and Rs 2,500 crore. The project in Kajra village, Lakhisarai district, will assist Bihar in utilizing renewable energy and overcoming climate change challenges.
Russia launches 'massive' attack on Ukraine power infrastructure
Ukraine reported a "massive" overnight attack by Russia on energy infrastructure in the west and south. The attacks damaged Ukrenergo facilities, injured two employees, and marked the eighth such attack in three months. The ongoing Russian invasion has severely impacted Ukraine's electricity generation, leading to blackouts and the need to import energy. President Zelensky called for urgent measures to equip hospitals and schools with solar panels to counter Russian attempts at blackmail.
By 2032, India infrastructure spending will surpass $2.5 trillion, says Adani
The Adani Group, he said, will invest over $100 billion (around ₹8.35 lakh crore) over the next decade in energy transition projects and in manufacturing every major component required for green energy generation. Adani Green Energy is building solar and wind parks. The group is also building facilities to manufacture electrolyzers to make green hydrogen, wind power turbines and solar panels.
China central bank boss says no major stimulus to boost economy
The country's recovery from the impact of Covid has slowed in the months since it abruptly lifted tough restrictions in late 2022, with a property crisis and tepid consumer demand weighing on growth.
Government's focus on housing and infrastructure to continue: Karthik Srinivasan
As I said in terms of GDP growth, we do expect the country to continue in 6.5% to 7% kind of growth rates for next couple of years
Dutch infrastructure major Ferrovial pruning stake in IRB infrastructure via block deal
Cintra has offered 301 million shares for sale with a floor price between ₹63 and ₹70.16 per share, representing a 10% discount from the lower end compared to Monday's closing price. Jefferies and HSBC are the bankers for the deal.
Major world economies seek to halt new private sector coal financing
OECD plan instructs financial institutions to stop funding coal projects. Calls for financing early closure of coal plants and supporting clean energy. Policy aims to set a standard for dealing with coal infrastructure.
Modi 3.0 has heavy lifting to do on tax reforms to managing stock risks
Economists outline key priorities for India's incoming government, emphasizing the need for growth, job creation, and macro stability. Pronab Sen highlights the importance of sustainable livelihoods, while Pranjul Bhandari suggests that 'easy' reforms could maintain 6.5% growth. However, achieving 70 million jobs requires politically sensitive reforms in agriculture, labor, and land. Additional recommendations include infrastructure investment, judicial reforms, enhancing export competitiveness, and further tax reforms, particularly bringing petroleum and power under GST.
Election results: Which themes will give mutual fund investors the best returns?
Sectoral/thematic mutual funds have delivered up to 380% absolute return in the last five years under the Modi-led government, with infrastructure funds leading the chart.
Infrastructure stocks: With more clarity a stronger round of re-rating in Modi 3.0? 7 infra stock with upside potential of up to 33%
Couple of months back PM Modi had mentioned his priorities of Modi 3.0. The first word which was used was infrastructure and then subsequently others. There should not be any surprise given the fact that even in the last ten years, infrastructure has been a priority. What has changed is that in the first five years, it was the clean up of the books and debt which was taking place. In the next five it was both, lowering debt, higher order book and now with books much better placed, much less litigation, now when the order book gets bigger as the focus on infrastructure continues the increase is likely to be more visible in margins and that increases the probability of even a strong and sustained rating. We take a look at infrastructure makers, which is very different from infrastructure owners. Though in some cases, these companies also have some projects where they have stakes.
Likely Modi win to boost Indian infrastructure, manufacturing stocks
Indian shares set to open higher on Monday as exit polls project third term for PM Narendra Modi. Gift Nifty at 23,353 points, indicating Nifty 50 to open higher. Market sentiment boosted by exit polls favoring incumbent government.
15 stock ideas from Motilal Oswal after mega BJP win prediction by exit polls
"Fundamentally, India is witnessing its own mini-Goldilocks moment with excellent macros, solid corporate earnings (Nifty ended FY24 with 25% earnings growth and FY25/26 earnings are likely to post 14-15% CAGR), focus on manufacturing, capex and infrastructure creation, and valuations at 20x one-year forward earnings," Motilal Oswal said.
Properties worth Rs 1.17 lk cr sold by 18 listed realty firms in FY24; Godrej properties at top
Major real estate developers in India, including Godrej Properties, Prestige Estates Projects, and DLF, achieved significant sales bookings in the last fiscal year driven by strong demand for residential properties, especially luxury homes.
Full majority, just majority, hung parliament: S&P Global Market Intelligence analyses scenarios and road ahead for India
S&P Global Market Intelligence anticipates continued policy emphasis on strategic sectors post the Lok Sabha election, regardless of outcomes. Factors influencing voter choices include economic growth, inflation, employment, and foreign policy. The analysis explores three election result scenarios, projecting implications on sectors and foreign policy strategies.
T20 World Cup in US going to be landmark event: India's Consul General in New York Pradhan
India's Consul General in New York, Binaya Srikanta Pradhan, has expressed excitement about the T20 World Cup in the US, stating that it is playing a significant role in bringing cricket to the country's mainstream and contributing to the bilateral people-to-people relationship. The tournament is being jointly hosted by the USA and the West Indies from June 2 to June 29. India will play three matches in New York against Ireland, Pakistan, and the United States, marking the first time India will be playing with the American team.
Ananant Systems working with major local OEMs to develop BSNL’s 5G chip
Bengaluru-based Ananant Systems is looking to address the expanding requirements for advanced connectivity, computing, and security for wireless 5G and 6G infrastructure and devices. Its offerings include intellectual property (IP), chip design, semiconductor products, software, and systems, all developed and owned in India.
US Hurricane season forecast: 3-4 major hurricanes predicted for Eastern Pacific
2023 which was a period of El Nino witnessed unusually high number of hurricanes. This year will be a normal year.
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