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Sugar stocks surge over 8% as govt again backs ethanol
Sugar stocks surged on Tuesday as Oil & Petroleum Minister Hardeep Singh Puri reinforced the government's focus on ethanol production, with notable gains seen in companies like Bajaj Hindusthan, Triveni Engineering, Avadh Sugar, and Uttam Sugar.
Saudi Arabia may announce landmark Aramco share sale today: Report
Saudi Arabia may announce a landmark secondary share offering in oil giant Aramco later on Thursday, pending final approval from Crown Prince Mohammed bin Salman, people with knowledge of the matter said.
Saudi Aramco's Amin Nasser: homegrown engineer who reached the top
Aramco CEO Amin Nasser's leadership pivotal for Saudi's stability. Managed response to 2019 attacks, restoring operations swiftly. Supports economic diversification and revenue flow for Saudi stability.
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 39%
While it is always better to focus on what is happening to the individual stocks, there times it becomes “a must” before taking any decision. The reason, there is a possibility of greater divergence in how the broader market indices like Nifty and Sensex move and how the individual stocks and sector perform. A week before the election results, the way the market is panning out, it is clear that the street is working with the base case scenario of policy continuity. So, next we might see some sectors and stocks doing extremely well, while others may continue to be laggards. 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.
Suited for investors with long-term time horizon: 5 midcap stocks with upside potential of up to 30%
If one looks at how the sentiment cycle has moved in the last five months for the mid-cap, it has come full circle. At the start of the year 2024, “hope” nothing can go wrong with mid-caps, so load them. Then comes fear in the middle of February which peaks by the end of March. The again hope in April and now at this point of time “confusion” At this point of time the question whether “ I should sell or buy more” needs to be replaced by “what business do I own and whether that business is going to grow or not” The reason why it is important to change the question itself is the fact that it business on the ground which will make the difference between in final returns. Another thing is whether the management has seen good and bad times, because that is what gives them the ability to deliver in all conditions.
Big electoral bond buyer Megha Engineering to sell city gas business
Megha City Gas Distribution (MCGDPL), a wholly-owned subsidiary, has decided to consolidate operations and reached out to state-run Indian Oil Corp, Hindustan Petroleum Corp, Bharat Petroleum Corp and Indraprastha Gas, among other players. It ventured into city gas distribution under the brand name Megha Gas in 2015 and continued to operate as MEIL till FY22.
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India's chemicals market to hit $29.7 bn in 2024, set for steady growth with 3.26% CAGR through 2029
India's chemicals market, valued at USD 220 billion in 2023, is projected to grow to USD 383 billion by 2030, with an 8.1% CAGR. This sector, currently the sixth largest globally by sales, has attracted USD 21.7 billion in FDI from April 2000 to September 2023, benefiting from 100% FDI under the automatic route. Investments in Petroleum, Chemical, and Petrochemical Investment Regions (PCPIRs) are expected to reach USD 420 billion. The establishment of educational institutes like CIPET and IPFT will drive skill development.
Gail may line up Rs 50,000 crore capex in big petrochemical bet
Gail (India) intends to invest up to ₹50,000 crore in constructing a 1.5 million tonnes per annum ethane cracking unit at Sehore, Madhya Pradesh, according to sources familiar with the matter. This significant investment marks one of the largest proposed capital expenditures by the state-run gas utility.
Railways stocks: Stay bullish, just hedge a bit to avoid mistake of selling in haste: 7 outperforming railways stocks across different segments
Even the best of the rational brain can make wrong decisions when there is too much noise which gets created due to a narrative. Now for the last few days a narrative has been created that due to polls, FPI are selling. These kinds of narratives tend to hit the sector and stocks which are sitting with big gains and are dependent on government policy push. Railways was among the last sectors to get re-rated due to the policy focus. Whether it was companies which are financing the expansion of railways or private sector companies which are making coaches, all of them have done extremely well. Given the fact the railways is likely to be the focus area, the long term story remains intact. Only thing is that one might end up selling the long term winner early because of the narrative. Rather than getting jittery, it would be better to create a hedge and stay with the stocks where there has been a big change in the fundamental ways things operate and the sector has a long runway.
Stock picks of the week: 4 stocks with consistent score improvement and upside potential of up to 40%
After the recent phase of the volatility, there has been a bounce back in Nifty and sensex. Along with them there has also been an improvement in the market breadth as more number of stocks were able to inch upward. But this is not enough to say the volatile phase is over. At this point of time, one cannot rule out more profit booking ahead of election results. If one is taking fresh exposure to equity, ensure that there is some level of quality as far as the business and fundamentals are concerned and keep a long term perspective. 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.
Industry asked to name items from areas where India can be self-reliant
The fact that India's exports between April and January of FY24 were $3.7 billion and its imports, primarily from Russia's crude oil imports, were $51.7 billion, is what worries New Delhi. Additionally, the bloc has free trade agreements with Iran, China, Vietnam, and Serbia; these agreements may have an effect on the competitiveness of Indian industry in any of the EAEU markets.
L&T manufactures hydrotreating reactor for refinery in Mexico
Larsen & Toubro manufactured a hydrotreating reactor for Antonio Dovali Jaime Refinery in Mexico using Axens' technology from France. The reactor, with Cr-Mo-V metallurgy, eliminates nitrogen and sulphur compounds from hydrocarbon streams.
5 PSU stocks give 5-15 times returns in Modi's 10-year rule; 17 turn multibaggers
ETMarkets analysis shows significant returns by PSU stocks during the last decade of the Modi government, with Bharat Electronics Limited (BEL) leading with remarkable growth.
Can we engineer our way out of the climate crisis?
As the risks became clearer, political and corporate leaders pledged to keep global average temperatures to no more than 1.5 degrees Celsius higher than before the Industrial Revolution. But for several months last year, the world briefly passed that threshold, sooner than many scientists expected.
Reliance-linked Qwik Supply gave Rs 385 cr to BJP, Rs 25 cr to Shiv Sena
Qwik Supply, the third largest donor to political parities using electoral bonds, bought Rs 410 crore bonds between 2021-22 and 2023-24, and gave all but Rs 25 crore to the BJP. The amount of Rs 25 crore was given to the Shiv Sena in 2022. The company, which is described as a manufacturer of warehouses and storage units, gave no money any other political party, the data uploaded by the Election Commission showed.
Electoral bonds: A look at top buyers, other key numbers
Here’s a look at the top electoral bond buyers along with an examination of some of the other key numbers that have emerged from the initial data dump.
Reliance-linked Qwik Supply third largest electoral bond buyer; Reliance says co not its subsidiary
Qwik Supply Chain Private Limited, reportedly linked Reliance Industries, emerged as the third-largest donor to political parties through electoral bonds, purchasing Rs 410 crore between 2021-22 and 2023-24. However, the Mukesh Ambani-led Reliance clarified that Qwik isn't its subsidiary. The company's activities and directors show various connections to Reliance-linked entities.
Servotech Power Systems gets EV charger supply order worth Rs 111 crore
The company in February bagged two orders that comprised a contract for 1,500 DC fast EV chargers from Hindustan Petroleum Corporation Ltd (HPCL) and OEMs, and another for 1,800 DC EV chargers from Bharat Petroleum Corporation Ltd (BPCL).
IOC, GAIL, ONGC fined for third straight quarter for failure to appoint directors
State-owned oil and gas companies, including IndianOil, ONGC, and GAIL (India), have been fined for the third consecutive quarter for not meeting listing norm requirements regarding the number of directors on their board. The fines, totaling Rs 32.5 lakh, were imposed by stock exchanges for the quarter ended December 31, 2023.
For moderate risk takers with long-term perspective: 5 midcap stocks with up to 47% upside potential
As the Dalal street continues to be in party mode with minor correction and sectoral profit booking taking place, staying bullish would appear to be the most logical thing at this point of time. Why fight against a trend? While staying bullish, just add an element of caution. When we use the word caution, we mean stay with quality and especially if one is increasing exposure in midcap at this point of time. Use more stringent filters to pick stocks and cut the element of noise from investing. Quality stocks pay both in bullish and bearish markets conditions.
For moderate risk takers with long-term perspective: 5 midcap stocks with up to 47% upside potential
As the Dalal street continues to be in party mode with minor correction and sectoral profit booking taking place, staying bullish would appear to be the most logical thing at this point of time. Why fight against a trend? While staying bullish, just add an element of caution. When we use the word caution, we mean stay with quality and especially if one is increasing exposure in midcap at this point of time. Use more stringent filters to pick stocks and cut the element of noise from investing. Quality stocks pay both in bullish and bearish markets conditions.
India on course to become main driver of incremental oil use by 2030
Urbanisation, industrialisation and the growth of the middle class are driving a rapid increase in consumption of petroleum products for heating, lighting, cooking, transportation and petrochemicals.
BP announces plans for technical centre in Pune
The centre is slated to open in the second quarter of 2024, the company said in a statement. The headcount is expected to rise to 400 by the end of this year when the centre is fully operational. Molyama Kromah, a former gas business executive at BP, would head the Pune centre.
Q2 results this week: Adani Ports, Tata Power, LIC, RVNL, M&M and others
Power Grid, Shree Cements, Trent, Zydus Lifesciences, Info Edge (India), Indian Railway Catering & Tourism Corporation, Cummins India, Alkem Laboratories, UNO Minda, Prestige Estates Projects, among others will release their Q2 earnings on November 7
Potential Winners! How star investors' portfolios shape up after Q1
Currently, Rekha Jhunjhunwala publicly holds 26 stocks with a net worth of over Rs 31,901.4 crore. The investors' portfolio has increased 28% from the March quarter to Rs 33,017 crore in the June quarter
Q1 results this week: Adani Enterprises, SBI, Maruti, Titan, Airtel, M&M & others
Major firms such as Maruti Suzuki, Titan, Bharti Airtel, and M&M among others will release their June quarter results this week. The report cards of other companies such as GAIL, Power Grid, Sun Pharma, and Adani Enterprises are also expected to be out. This week, Maruti Suzuki, Adani Enterprises, Adani Transmission, Titan, IndiGo, Bharti Airtel, Sun Pharma, SBI, M&M, Varun Beverages, and Bank of Baroda are scheduled to announce their quarterly performance.
Saudi Arabia invests USD 10 billion to build Pakistan's largest oil refinery in Gwadar
Saudi Arabia will invest $10bn to build Pakistan's largest oil refinery at Gwadar Port under a memorandum of understanding signed by four state-owned Pakistani petroleum companies. The refinery will have a crude oil processing capacity of at least 300,000 bpd and will include a petrochemical facility, storage for crude oil and pipeline connectivity.
Coforge, Century Textiles among 10 BSE smallcap stocks hit 52-week high
The S&P BSE SmallCap Index surged as several small-cap companies, including Ahluwalia Contracts, Anand Rathi Wealth, and Chennai Petroleum Corporation, hit new 52-week highs. Other companies achieving significant milestones include The Anup Engineering, Black Box, Bombay Burmah Trading Corp, CCL Products
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