SCALER POSITIVE CASH FLOW
Jump in FII long-short ratio sans correction may be a new Normal
Market confuses with record FII long-short ratio surge, hinting at shifting dynamics post-election. Chandan Taparia notes unusual stability despite ratio near 5, credits India's growing equity culture for market surge.
Dhiraj Agarwal on the next big trigger for equity markets
At least for a couple of months, China pulled in a large amount of inflows by the global investors. I have not seen the most recent data, but Feb-March they pulled in about $40 million. Something like that happens, it obviously impacts the amount of flow, which could happen in India. So, on the FPI flow, it is just a toss-up. I mean, it is very difficult to predict, honestly.
RBI to face problem of plenty: Prepare for bond sales
The RBI's challenge for the year may not be inflation but liquidity. Government spending resumption and overseas fund flows complicate monetary policy effectiveness.
Adani portfolio delivers record 45% EBITDA growth in FY24
Adani Group companies posted a record 45 per cent rise in pre-tax profit (EBITDA) to Rs 82,917 crore (about USD 10 billion) in FY24 as the apples-to-airport conglomerate made a massive comeback, the group said on Sunday.
Adani portfolio delivers record 45% EBITDA growth in FY24
Adani Group companies saw a record 45% rise in pre-tax profit (EBITDA) to Rs 82,917 crore (about USD 10 billion) in FY24, marking a massive comeback for the apples-to-airport conglomerate. The group focused on containing debt, reducing founder share pledge, and consolidating the business in core competencies. The five-year compound annual growth rate for profit growth was 54%.
ETMarkets PMS Talk: We will see a strong build up for India as a single-country destination for FII flows: Tridib Pathak
India’s growth gap over the rest of the world is widening and India will be the fastest-growing major economy in the world over the next 5 years at least.
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Lesson for entrepreneurs: What are the common mistakes startup founders make and how to avoid them?
India has the third largest startup ecosystem in the world, with 1.17 lakh entities (DPIIT), nearly 1,710 venture capital funds, 794 accelerators and incubators (Tracxn), and several government initiatives like Startup India. Despite this fervour and support, financial and otherwise, the startup journey is extremely difficult.ET Wealth lists the typical mistakes most founders make and tell you how to tackle these
Boeing now sees negative free cash flow in 2024 as deliveries remain sluggish
Boeing will burn rather than generate cash in 2024 and deliveries aren't expected to increase in the second quarter, the company's finance chief said Thursday, as the U.S. planemaker grapples with a full-blown crisis that is weighing on production of its strongest-selling aircraft.
Info Edge shares surge 8% after Q4 PAT rises 18% YoY. Should you invest?
Shares of Info Edge (India), the parent company of Naukri.com, surged 8% on the BSE during Friday's trading session, reaching a peak of Rs 6,338.55. This increase followed the company's Q4 profit report of Rs 211 crore, marking an 18% year-on-year growth.
Awfis sets Rs 364-383 price band for IPO
The company expects its differentiated business model, expanding presence in tier-1 and tier-2 cities and increasing demand from large enterprises and startups to help make its public listing a success and drive future growth, founder and managing director Amit Ramani told ET on the sidelines of a pre-IPO conference in Mumbai.
Naukri parent Info Edge Q4 revenues up 9% to Rs 657.4 crore
Naukri parent Info Edge reported Rs 60.4 crore in quarterly profit in Q4 FY24. The company approved a dividend of Rs 12 per share for shareholders.
Walmart lifts full-year sales and profit forecast, shares rally
The company now expects adjusted core profit between $250 million and $270 million, compared to its earlier forecast of $180 million to $200 million.
Info Edge Q4 Results: PAT rises 18% YoY to Rs 211 crore, revenue up 8%
Info Edge's Q4 profit rose 18% to Rs 211 crore with revenue at Rs 608.3 crore. Operating profit margins at 37%. Final dividend of Rs 12 per share announced. Cash balance at Rs 4,191 crore. CFO highlighted 13.2% growth in cash from operations
JP Morgan’s Rajiv Batra on why FIIs are selling and how to position portfolio now
Rajiv Batra of JP Morgan discusses the positive macroeconomic indicators in India, including PMI prints, the Sagar Mala initiative for waterways, and upgraded GDP forecasts. He highlights the growth potential in sectors like water transportation and domestic manufacturing. Batra says: "We are much more positioned on domestic cyclicals, domestic demand, which keeps us overweight on still financials, autos and real estate overall."
DLF to launch 11 million sq ft with revenue potential of Rs 36,000 crore in FY25
During the fourth quarter of FY24, DLF reported a net profit of Rs 927 crore, reflecting a year-on-year growth of 60%. This growth was attributed to the company's sales booking of Rs 14,778 crore throughout the year. The developer launched approximately 6 million square feet of new projects, experiencing robust absorption rates that led to the monetization of nearly the entire inventory during the launch period.
Tata Motors sees a relatively weak H1, set to shed net automotive debt though in FY25
Tata Motors anticipates achieving net automotive debt-free status in FY25 following record revenue, profits, and free cash flows. Its Indian business is debt-free. Despite caution regarding domestic demand in the first half, Tata Motors said it remains optimistic, particularly about the premium luxury segment, aiming for a robust performance in FY25.
4 PSU stocks which are gig beneficiaries of the government focus on power, railways & infrastructure projects
What should a company which is lending both for short and long term but only to a particular sector be called. A “sectoral lender” or “term lending institution”. The obvious answer would be a sectoral lender. But the fact is that these are term lending institutions which come with its own advantages and disadvantages. The word “term lending institution” is not a word which many on the street would know or remember because this word was used a couple of decades back when ICICI, IDBI were not banks but term lending institutions. The difference between today’s PFC and IRFC of the world and old timer ICICI is that the PFC and IRFC are focussed in lending to a sector, whereas in old days, ICICI used to lend to different sectors. Another big difference is that PFC and REC have lower cost of capital as compared to term lenders like in the old days. Because some of these PSU lenders have come into public space recently, even analysts seem to be getting on the wrong foot by being less than optimistic.
Record-breaking election spending set to ignite rural demand, feel experts
Anticipation is high for the 2024 Lok Sabha polls with record-breaking expenditure projected. Industry experts foresee a boost in rural spending post-election, influencing the FMCG sector positively. Various factors are expected to drive economic growth in rural India.
RBI issues draft guidelines on infrastructure finance
RBI introduces rules to enhance infrastructure funding and risk management through project lending guidelines, covering aspects like consortium lending, moratorium limits, and NPV requirements for lenders. The RBI also proposed that the original or revised repayment tenor, including the moratorium period, if any, should not exceed 85% of the economic life of the project.
ETMarkets Smart Talk: Metal, media and FMCG could turn out to be Dark Horse in FY25: Vipul Bhowar
Vipul Bhowar discusses the potential benefits for metals and mining amidst China's economic challenges and government stimulus, while also offering insights into the Media and FMCG sectors, providing investment advice for Gen Z, and emphasizing sound investment principles for portfolio resilience.
Indus Towers confident of cash flow boost in FY25
Indus Towers expects cash flows to improve in FY25 as it’s confident of quickly recovering its backlog of past dues from key customer, Vodafone Idea (Vi), especially as the latter has recently raised Rs 18,000 crore via the follow-on public offer (FPO) route.
Vedanta best-placed to ride rising commodity prices, say analysts
Mining conglomerate Vedanta Ltd is expected to see less pressure on cash flows after liability management at the holding company level, and is now best placed to ride rising commodity prices. The company's improved performance in aluminium, power, and zinc led to an EBITDA of Rs 87,600 crore in the January-March quarter, up by 4% quarter-on-quarter. Vedanta is set to complete its alumina/aluminium/international zinc expansion during the current fiscal year (FY25), providing visibility around volume growth and cost reduction FY26 onwards.
Wall Street humbled as fast-reversing markets confound the pros
With inflation up, economic growth down and two-year Treasury yields testing 5%, Bill Gross sensed the music in markets was fading, and said it was time to get over the likes of the Magnificent Seven.
Job market witnessing rebalancing after rush of cash flow seen immediately after Covid-19, says Upgrad co-founder Ronnie Screwvala
Upgrad co-founder highlights job market trends, growth in placements, and focus on future careers in data, tech, ML, and AI. Emphasis on upskilling and intellectual capital creation in small towns and hinterlands for India's transition.
Edtech startup Scaler lays off 150 staffers across marketing, sales functions
Scaler laid off 150 staffers in Bengaluru for long-term growth and sustainability. It aims for annual profitability after achieving positive cash flow in 2023 and profitability in the July-September quarter.
ETMarkets AIF Talk: Vikaas M Sachdeva shares framework for identifying future multibaggers in 4-5 years
Vikaas M Sachdeva of Sundaram Alternates discusses equity funds' growth potential, embracing quality indices over value. Sundaram's diverse funds show strong performance, focusing on high returns while prioritizing risk management and unexplored market opportunities for investors. Sachdeva says that while value indices tend to experience steeper corrections and prolonged underperformance, quality indices offer better risk-adjusted returns over time.
Earnings momentum starting to slow down; margins may falter in Q4 & Q1: Pankaj Tibrewal
Pankaj Tibrewal of IKIGAI Asset Manager discusses market trends, emphasizing trust, performance, and purpose. He advises on investment opportunities in pharma, chemicals, and private banks while cautioning against risky stocks and advocating selective stock picking. He also says: "We believe that the recent correction is very small compared to the larger returns in the past one year."
Crash was expected; stay calm and invested as market will revive soon: Sandeep Raina
Sandeep Raina is not worried about the market crash. Further small cuts are possible, but it's not a bloodbath. Stay invested, the market will revive. Quality midcaps, smallcaps, and largecaps with 20% growth, good ROCE, and cash flows are worth investing. Pharma stocks like Beta Drugs, Kilpest, and Sun Pharma are interesting.
Book some profits in mid and smallcaps & buy back on dips: S Krishnakumar
S Krishnakumar of Lion Hill Capital advises booking profits due to expensive valuations in mid and smallcaps. He says, he has been raising cash probably at about 25% plus cash at this point in time. So probably, he is in a camp which believes that good opportunities will open up when there is a correction in the next couple of months because all the good news is in the price.
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