LONG RANGE
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.
What is the A-321 XLR aircraft? Why is there an increasing demand for this Airbus product?
The A-321 XLR aircraft has the capacity to travel long distance non-stop. Many airlines around the world are placing orders with Airbus.
Manta Ray: US Navy's secret undersea drone spotted, then disappeared from Google Maps
The US Navy's Manta Ray submarine, a prototype underwater drone developed by Northrop Grumman, was recently spotted at the Port Hueneme naval base in California. Named after the sea creature, the Manta Ray can operate deep underwater in low-power mode for extended periods without refueling. This advanced submarine, designed with modular features for easy transport, is part of the US's strategic efforts to counter submarine threats from Russia and China. Its recent sighting and disappearance have sparked widespread interest and speculation.
Tech View: Nifty likely to trade in a range
Nifty's trajectory remains uncertain, influenced by sector rotation and FIIs' activities. Investors should focus on specific stocks and sectors for trading opportunities to capitalize on market movements.
Long-range EVs now cost less than the average new car in the US
The automotive industry in the US is experiencing a competitive phase in the electric vehicle market, leading to EVs with over 300 miles of range being cheaper than gas-powered cars for American buyers.
Putin says Russia could deploy missiles in striking distance of the West
Russian President Vladimir Putin warned of deploying missiles near the US and its allies if Ukraine uses Western weapons. He emphasized Russia's nuclear capabilities and criticized NATO's stance on the conflict.
France's Macron urges a green light for Ukraine to strike targets inside Russia with Western weapons
French President Emmanuel Macron urged Western allies to allow Ukraine to strike Russian military bases using long-range weapons provided by the West. Macron's call, echoed by NATO Secretary-General Jens Stoltenberg, comes amid Ukraine's struggles due to delayed military aid and shortages. While Western leaders have been cautious, fearing escalation, Macron emphasized targeting only Russian bases launching attacks on Ukraine. The U.S. remains hesitant, maintaining restrictions on using its weapons to strike inside Russia. Recent European pledges include significant military support from Belgium, Spain, and Sweden.
Ukraine steps up attacks with U.S. long-range missiles
The Ukrainian army has used U.S.-supplied long-range missiles to target Russian airfields and warships in Russian-occupied Ukrainian territory but is barred from attacking inside Russia, limiting its defensive capabilities. Ukraine's recent strikes with Army Tactical Missile Systems (ATACMS) aim to weaken Russia's military operations, but U.S. and Western restrictions prevent targeting Russia itself. Ukrainian officials argue this policy allows Russia to attack from within its borders without repercussion. Pressure is mounting on the Biden administration to revise this policy to better support Ukraine's defense against Russian advances.
Ukrainian strike on Crimea airbase destroys three Russian warplanes, satellite firm says
The company cited satellite imagery taken on Thursday as showing that two MiG-31 fighter jets and an Su-27 fighter jet had been destroyed. It said one MiG-29 fighter aircraft also appeared to have been damaged. Ukraine has not publicly claimed responsibility for striking the airbase.
Go slightly defensive; stick to index trading or Nifty 50 stocks: Rahul Sharma
Rahul Sharma recommends sticking to index trading or Nifty 50 stocks for stability during market volatility. Specific recommendations include Aurobindo Pharma for delivery side and ITC for trading, with precise target and stop loss levels. He says: "The entire market setup seems to be range-bound with a lot of volatility."
Russia warns Britain it could strike back after Cameron remark on Ukraine
Russia has warned Britain that if Ukraine uses British weapons to attack Russian territory, Moscow could target British military installations and equipment. British Ambassador Nigel Casey was summoned to the foreign ministry for a protest after Foreign Secretary David Cameron's statement that Ukraine has the right to use British weapons to strike Russia contradicted an earlier assurance that long-range weapons given to Ukraine would not be used against Russia.
Russia announces nuclear weapon drills after angry exchange with senior Western officials
Russia has announced plans to conduct drills simulating the use of tactical nuclear weapons, citing provocative statements from Western officials about the Ukraine conflict. This marks the first time Russia has publicly announced such drills, which are intended to increase readiness. The announcement comes amid heightened tension between Russia and NATO, with some Western leaders suggesting potential military involvement in Ukraine. In a separate incident, Ukrainian drones reportedly struck vehicles in Russia's Belgorod region, killing six and injuring 35, including two children. The region has been a frequent target of Ukrainian attacks in recent months.
Russian-installed official says ATACMS missiles shot down over Crimea
The Russian-backed leader of Crimea, Sergei Aksyonov, claimed that long-range Army Tactical Missile Systems (ATACMS) were shot down over the peninsula, which Russia annexed in 2014. Aksyonov shared a photo on Telegram showing what he described as undetonated submunitions of ATACMS missiles. He did not specify when or how many missiles were shot down. The United States recently shipped long-range missiles to Ukraine, which has reportedly used them twice, according to a U.S. official.
North Korea criticizes US for supplying long-range missiles to Ukraine, KCNA says
North Korea criticized the United States for supplying long-range missiles to Ukraine, as reported by state media KCNA. The U.S. official confirmed the shipment of missiles to Ukraine for its defense against Russia. North Korea's Ministry of National Defence expressed concern over the supply, stating that the U.S. could not defeat Russia with such support. The statement comes amid growing military ties between North Korea and Russia, seen by the U.S. and its allies as a source of escalating tensions in the Korean Peninsula.
Rampage Missiles inducted by Indian Air Force, Navy; Boost to long-range precision strikes
The Indian Air Force has bolstered its fighter aircraft fleet with the induction of the Rampage long-range supersonic air-to-ground missiles, capable of striking targets up to 250 km away. This missile, known as the High-Speed Low Drag-Mark 2 missile in the Indian Air Force, was utilized extensively by the Israeli Air Force in recent operations against Iranian targets. The Rampage has been integrated into the Russian-origin aircraft fleet, including Su-30 MKI, MiG-29, and Jaguar fighters, and also into the Indian Navy's MiG-29K fleet.
Ukraine uses long-range missiles secretly provided by US to hit Russian-held areas, officials say
Ukraine has begun using long-range ballistic missiles provided secretly by the US, bombing a Russian military airfield in Crimea and Russian forces in another occupied area. The missiles provide nearly double the striking distance that Ukraine had with the mid-range version of the weapon. The US is providing more of these missiles in a new military aid package signed by President Joe Biden.
US quietly shipped long-range ATACMS missiles to Ukraine
US sent long-range missiles to Ukraine for Russian conflict in $300 million aid package. White House adviser confirmed, mentioning ATACMS. Pentagon initially opposed due to readiness concerns.
Biden will send Ukraine air defence weapons, artillery once Senate approves, Zelenskyy says
President Joe Biden assured Ukrainian President Volodymyr Zelenskyy that the US will send air defense weaponry and other crucial military aid once the Senate approves a $61 billion national security aid package for Ukraine. This aid includes long-range and artillery capabilities, addressing Ukraine's urgent need for firepower against Russia's escalated attacks. The House has already approved the package, and the Senate is expected to vote on it this week. Biden also discussed Russia's air attacks with Zelenskyy, highlighting the need for urgent support to defend against Russia's aggression.
UK announces $620 million in new military aid for Ukraine and plan to up own defense spending
The UK has pledged an additional $620 million in military supplies for Ukraine, including long-range missiles and ammunition, amid the ongoing conflict with Russia. Prime Minister Rishi Sunak confirmed the assistance in a call with President Zelenskyy, emphasizing UK's support against Russia's aggression. The aid includes vehicles, boats, munitions, and British Storm Shadow missiles. Zelenskyy expressed gratitude, noting the impact on Ukrainian defenders. The announcement follows the US approval of $61 billion in aid for Ukraine. However, it's unclear when the UK aid will be delivered, as Ukraine faces ammunition shortages and ongoing Russian advances.
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