INVESTMENT RATE
Will consumer durables & EMS stocks see another round of re-rating? 7 stocks with an upside potential of up to 24%
There are talks of the budget being focussed on two things, one giving continued push to investment and second to increase the disposable income in the hands of people. The second could be done by cutting taxes or making changes with the tax slab. While many sectors will feel the impact but one of the sectors which may feel maximum impact is the consumer durable sector. Now given the fact that the consumer durable sector has a closed link with the EMS companies, they both have to be looked at together. 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.
Asian Paints doubles production capacity at Mysuru plant for Rs 1,3o5 crore investment
Asian Paints is investing heavily to expand production capacity at various plants. The company is doubling capacity at the Mysuru plant and increasing capacities at Ankleshwar, Kasna, and Khandala. Additionally, a new water-based manufacturing facility in Madhya Pradesh is underway. CRISIL Ratings forecasts a significant growth in the organized paints sector. Aditya Birla Group's new brand, Birla Opus, targets to secure the position of the second-largest player in the market.
Spot financial trends using this MS Excel tool and make advanced predictions for investing
MS Excel helps recognise the seasonal patterns, allowing investors to make advanced predictions.
Sukanya Samriddhi Yojana offers 8.2% interest now: Eligibility, how to invest
Families with a girl child under the age of 10 are increasingly opting for SSY accounts. SSY enjoys a relatively higher interest rate and sets aside a corpus that can be used for the daughter’s education or marriage. The account also enjoys tax-free maturity and deduction under Section 80C of the Income-tax Act, 1961. It can be opened at any authorised bank or post office branch. Sukanya Samriddhi Yojana offers 8.2% interest rate for the July-September quarter of 2024. Text: Centre for Investment Education and Learning (CIEL)
Stars aligning to create a pathway for corporate India to borrow cheaper: Lakshmi Iyer
No, clearly, if you are looking at the current scenario, whether it is on the fiscal front, whether it is on the inflation front, or whether it is on the flow front, in terms of creating another additional demand lever, the stars seem to be aligned to ensure that the confluence of all of these factors are set to drive interest rates lower further. Of course, we need to have the icing on the cake, which is the policymaking from the central banker, which obviously is impending and may not really manifest itself in a big hurry.
Best gilt mutual funds to invest in June 2024
Gilt funds are not recommended to regular debt investors because they are risky and volatile. Gilt funds suffer the most when the rates go up. The bond prices and yields move in opposite directions. When the rates go up, bond prices come down. This drags down the NAVs of schemes.
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It's going to be good after it gets quieter
Companies no longer have the pricing power they had in the immediate aftermath of the pandemic when consumption demand was roaring. That has now played out in manufacturing and services. The growth from here on should be more sedate, building on the economy's post-Covid revival. The markets are yet to price in this moderation, and some froth may be removed once the volatility around the election results settles.
Expect a return of 12-13% from largecaps in 3-5 years: Sanjay H Parekh
The roadmap for consolidation of fiscal deficit will continue. The banking balance sheets are very strong. The corporate balance sheets because clearly those are also at all-time low on leverage.
Govt approves transmission projects worth Rs 13,595 cr
The government approved two interstate transmission system projects costing ₹13,595 crore on Saturday to facilitate the evacuation of 9 GW of renewable energy from Rajasthan and Karnataka. These projects, part of the target to achieve 500 GW of renewable energy capacity by 2030, will be implemented through tariff-based competitive bidding.
Wall Street bucks global rally as bond yields rise
Wall Street's rally, driven by Nvidia and AI enthusiasm, saw record highs. European stocks were boosted by tech and real estate sectors. The STOXX 600 and FTSEurofirst 300 indexes rose, reflecting market optimism.
Motilal Oswal upgrades DCB Bank to ‘buy’, sees 22% upside potential amid attractive valuations
Motilal Oswal upgraded DCB Bank’s stock to ‘buy’ at Rs 175, projecting a 21% earnings CAGR over FY24-26E, with positive outlook on RoA/RoE and asset quality, while DCB Bank shares have shown mixed performance in the market.
Karnataka committed to developing rural areas through cluster development initiatives, says Siddaramaiah
The Global Investor Meet - Invest Karnataka 2025 was a flagship investor event for the state of Karnataka, he added. “Through this event, we seek not only to showcase Karnataka’s technological prowess and manufacturing excellence, but also to position Karnataka on the global stage as a leading player in the global supply chain,” he said. The state, Siddaramaiah added, was a premier destination for global investments, being the second-highest recipient of FDI inflows in India, with 22% in the last 5 years cumulatively.
How ‘Mehengai’ impacts your real rate of return
Inflation impacts stakeholders like companies, investors, and the economy. Central banks manage inflation. Real Rate of Return is crucial for investment performance.
India can achieve a growth rate of 8-9% by 2031: KV Kamath
Today, capital growth happens through cash accruals, through equity raising as required, and access to capital markets, so that part is probably going to be so in the future also, except for infrastructure. So, where will financial services then, as we understand, go? Basically, it will need to drive the aspirations of the people. The retail at large and this is so everywhere in the world.
Rate cut hopes, inclusion in JPM index fuel ‘FOMO’ trades in GSecs
Indian sovereign debt players bond with bonds following Mint Road's move to decelerate rate-increase drive and JPMorgan's recognition. CCIL data shows a 40% increase in monthly trades, reaching ₹8.6 lakh crore in 2023.
Compound Annual Growth Rate (CAGR): 5 important things investors must know
CAGR is the average annualised rate at which an investment’s value changes over a period of time.
Indian corporates are likely to go slow on overseas dollar loans: BofA
Indian corporates are likely to reduce overseas dollar loans due to expensive current rates. There is a 'huge pent-up demand' for investing in local firms' equity. Borrowing costs in the US have increased sharply, leading to a preference for IPOs and follow-ons in India.
S&P Ratings places 6 Tata group companies on 'CreditWatch Positive'
The review is reportedly done to review whether the potential of support for the group entities from Tata Sons is greater than what the ratings agency had previously thought of. This is due to increasing operational and management linkages within the group.
Inflation, Fed meeting to give clues for US market direction
Investors await next week's inflation data and Fed meeting for signals on stock market trajectory amid conflicting economic signals. S&P 500's 12% YTD rise hinges on Fed's ability to manage inflation without hampering growth.
ET Mutual Fund Explains: How many years will your investment take to quadruple? Use Rule 144
Rule 144 determines the time to quadruple investments at a given rate of interest. This is twice the Rule 72, where dividing 72 by the interest rate gives the doubling time.
Flexible approach in managing liquidity to help money market rates
RBI Governor Shaktikanta Das announced the central bank's commitment to maintaining money market rates and borrowing costs through flexible liquidity management. The RBI will use various operations to manage liquidity, responding to foreign investment flows impacting Indian bond markets. Analysts predict significant foreign flows following inclusion in JPMorgan's bond index, potentially affecting rupee liquidity. Das highlighted the RBI's ability to handle liquidity impact and swiftly respond to banking system liquidity fluctuations.
European Central Bank set to cut rates for the first time since 2019 even as inflation fight continues
All 82 economists polled by Reuters expected the ECB to trim its deposit rate to 3.75% on Thursday from a record 4.0%, in what would be its first cut since 2019. ECB policymakers have clearly telegraphed their intention to lower borrowing costs after seeing inflation in the 20 countries that share the euro fall from more than 10% in late 2022 to just above their 2% target in recent months.
'Acche din' to continue for FD investors as high fixed deposit interest rates will not drop soon: All eyes on RBI MPC on June 7
The Reserve Bank of India (RBI) will likely keep the repo rate unchanged in the upcoming monetary policy committee review. The question now is how long will the high-FD rate regime continue. Also, what should be the best strategy for your short-term and long-term fixed deposits? ET Wealth Online spoke to experts and here's all you need to know.
Yield on SP Co's ₹14,300cr NCDs Surges
Goswami Infratech's NCDs yield surged to 22% due to SP Group's debt raise, linked to SIPL's interest rate, triggering early redemption event, approved for extension until Sept 2024.
Asia stocks rally as rate cut bets gather momentum; ECB in focus
Asian shares rose on Fed rate cut expectations and ECB meeting. Oil prices climbed, Treasury yields fell. Asia-Pacific shares outside Japan gained 1.14%, led by tech stocks.
Energy transition, electrification theme to provide big investment opportunity: Nirav Sheth
We need to look forward to the next big critical event which is budget and I believe that that will set the tone for what India needs to do for the next 5-10 years and I believe that you are likely to see a reasonable level of indirect reforms.
Sovereign ratings is for state; at the margins for markets
Sovereign ratings, a product of the pre-depression era when analysts were a rarity and communication was expensive, are turning into dinner-table conversations rather than driving investment decisions.
Upgrade of India's rating outlook reflects solid growth, promising outlook: Nirmala Sitharaman
Finance Minister Nirmala Sitharaman praised S&P's upgrade of India's rating outlook to positive, citing solid growth and a promising future. She highlighted India's trajectory towards becoming the third-largest economy and achieving Viksit Bharat by 2047. S&P's first positive outlook for India, while retaining the 'BBB-' investment grade, reflects successful macroeconomic reforms since 2014, substantial capital expenditure, fiscal discipline, and visionary leadership. Sitharaman shared these comments in a post on X, emphasizing the significance of this development for India's economic prospects.
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