SIEMENS INDIA
Chorus grows for angel tax repeal; policy push for EVs
Startup Inc’s calls to do away with angel tax have found support from the government. This and more in today’s ETtech Top 5.
India to be deep tech powerhouse and big part of Siemens' game plan
Siemens AG plans to increase software and digital services sales to 20%, with India being a key player in this strategy, according to CEO Roland Busch. The company has invested in expanding its software portfolio and collaborating with Microsoft on AI technology. India is a vital region for Siemens, where it aims to grow its human resources capital and manufacturing capabilities, targeting both local and global markets.
Should investors be bullish on the power sector? Pashupati Advani answers
Basically, because it is such a large part of the Bank Nifty, it is pulling the Bank Nifty up and all the others are kind of following in sympathy. But I am glad it is finally happening.
Priyank Kharge meets IT minister Ashwini Vaishnaw, requests Centre's support for state's chip firms
Karnataka IT minister Priyank Kharge met Ashwini Vaishnaw, union IT minister, to seek support for the state's semiconductor and electronics space. Kharge said that the State has the highest share of 46% in India in housing innovative companies and contributes 10% of India's industrial output.
Sembcorp files suit against Siemens Gamesa over unsettled arbitration
Sembcorp's India unit has filed a lawsuit in a Bengaluru court to prevent Siemens Gamesa from selling its Indian business assets before settling an ongoing arbitration. The arbitration pertains to alleged default in executing a contract. Sembcorp has sought an injunction over the sale, which includes Siemens Gamesa's shareholding in India.
Industrials strong, but be careful about valuations: Hiren Dasani of Goldman Sachs Asset Mgmt
"Emerging market equities, as an asset class, are not seeing inflows. They have seen outflows. The US is doing much better than the broader emerging market. The other dynamic is there is also a very strong AI (artificial intelligence)-driven theme that is driving the markets like Taiwan, which is a global supply chain for the entire AI-related and semiconductor segments"
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Everstone to merge two healthcare companies, list combined firm
Everstone Capital, a Pan Asia private equity fund, is merging Translumina Therapeutics, a major cardiac stent maker in India, as part of a big-ticket IPO plan.
10 BSE 100 stocks turned multibaggers in one year but Zomato, Trent beat them on this parameter
According to Ace Equities data, Trent leads the pack with a 213% return in one year and a beta of 0.70. Zomato, the food delivery platform, and Bajaj Auto, the two-wheeler company, yielded 162% and 107% respectively, with one-year betas of 0.78 and 0.42.
7 stock ideas from Stoxbox with upside potential of nearly 9%
Benchmark indices Nifty and Sensex display a considerable uptrend and there’s apparently on halt in the bull-run, barring a few hiccups on the way, observed industry experts. With the overall momentum of the market being positive, investors are seeking more opportunities to participate in the run. Stock market research firm Stoxbox reveals a lineup of seven stocks for investors, which are well poised to deliver substantial returns based on rigorous technical and fundamental analysis.
Equity taxation tweaks, PSU disinvestment among 6 factors that could break markets: Kotak Equities
Indian benchmark index Nifty 50 has surged by 1,682 points or 7.6% since the June 4 debacle, driven by non-institutional investors and select institutional investors, as noted by Kotak Institutional Equities. The market's sentiment remains positive despite potential risks, with a focus on upcoming state elections and regulatory oversight.
F&O stocks to buy today: RIL, Federal Bank among top 6 trading ideas for 18 June 2024
On the options front, the weekly maximum Call OI is placed at 24000 and then towards 23500 strikes, while the maximum Put OI is placed at 23400 and then towards 23000 strikes.
Here's why Gurmeet Chadha is bullish on Bharti Airtel
It is difficult to put incremental money in these pockets and so ABB is 50 times EV by EBITDA, 80-90 times earnings and probably the next four-five-year order book is probably in the price.
Capital goods stocks rally up to 18% last week. Check top 10 gainers
Last week witnessed a rally in capital goods stocks like Praj Industries, ABB India, Siemens among others with the stocks rising as high as 18%. While a total of 24 stocks showed gains, only 3 stocks ended the week in red. Here is a list of top 10 gainer capital goods stocks:
Nifty bull case target at 27,100, says Prabudas Lilladher. Bets on Reliance, ITC
Domestic brokerage firm Prabhudas Lilladher said that it values Nifty at 5% premium to 15-year average PE 20.2x to arrive at bull case target of 27,102 as it showed conviction on large cap firms like ITC, RIL, HDFC Bank among others.
Stocks in news: L&T Finance, Ambuja Cement, Vodafone Idea, Puravankara, Wipro
Equity indices hit record levels on Thursday after lower-than-expected inflation hints at RBI interest rate cut. L&T Finance, Ambuja Cement, Vodafone Idea, Puravankara, NITCO, Wipro, Nalco, Suven Pharma, and MosChip Technology make significant moves. Adani Group-owned Ambuja Cement acquires Penna Cement at Rs 10,422 crore. Morgan Stanley buys 3.13 crore equity shares in L&T Finance.
If PM Narendra Modi wins election, buy these 7 industrial stocks: Jefferies
Jefferies has listed HAL, L&T and ABB India among top 7 stocks that can rally up to 33% if Narendra Modi-led NDA retains power in the general elections.
What are Modi stocks and should you buy them before election results? Here's the full list
Given the sheer impact that the govt's policies have had on several sectors, investors have begun to categorise stocks that are direct policy plays into a new basket called Modi stocks. These stocks are related to capex and infrastructure-linked sectors, PSUs, or stocks of some corporate houses.
Suzlon looking at a much stronger balance sheet at the end of FY25: CFO
Himanshu Mody, CFO of Suzlon Group, highlights their unique Make in India turbine, tailored for India's weather conditions based on Atmanirbhar Bharat principles. Mody said: "In our manufacturing business, the country will add about 5 gigawatts in FY25 and we have close to a 27% to 30% market share historically. Our endeavour will be to continue with that market share. "
India is one of the key markets for business growth in industrial space: Siemens executive
Siemens Digital Industries Software is a part of German conglomerate Siemens and is headquartered in Plano, Texas. The company focuses on product lifecycle management (PLM) software and works with industries like aerospace and defense, pharmaceuticals, and automotives. Its products include Teamcentre (a PLM software and collaboration tool), design software NX and low code platform Mendix.
Big movers on D-Street: What should investors do with Siemens, Oil India and LIC?
Stocks that were in focus include names like Siemens India, which rose 6.33%, Oil India, which jumped 1.98%, and LIC, whose shares increased 6.82% on Wednesday.
Siemens shares surge nearly 9% after brokerages raise price target up to Rs 8,000
Siemens shares soared 8.9% to a new 52-week high of Rs 7,243.60 on BSE following increased target prices by brokerages. The company also approved a scheme to demerge its energy business into a separate listed entity.
Hot Stocks: Brokerage view on Siemens, Bharti Airtel, Apollo Tyres and Shree Cement
Brokerage firm Macquarie retained a neutral rating on Shree Cement, while JPMorgan maintained a neutral rating on Apollo Tyres. UBS also upheld a neutral rating on Bharti Airtel, and Jefferies recommended a buy rating on Siemens.
Technical Breakout Stocks: How to trade ABB India, Siemens and Polycab India on Tuesday
The S&P BSE Sensex rallied over 100 points while the Nifty50 closed above the 22,100 level. Sectorally, buying was seen in healthcare, realty and capital goods stocks while public sector, oil & gas, energy and auto stocks saw some selling pressure.
9 stocks held by over 100 MFs in April surge over 50% in CY24
Investors tend to be confident about a stock when it's held by multiple mutual fund schemes. In the month of April 2024, 153 stocks were found in the portfolios of over 100 mutual fund schemes. In ETMarkets' recent analysis, 32 of these stocks saw their prices surge by over 25% in CY24 and are held by more than 100 mutual fund schemes. Among these, nine stocks have recorded gains between 50% to 80% in CY24 till now. (Data Source: ACE MF, ACE Equity).
Technical Breakout Stocks: How to trade Bharat Forge, ABB India and Siemens on Thursday
Bharat Forge hit its all-time high levels with sharp volumes. The overall trend is positive and strong. On the upside, it has broken out of 2 resistance zones on intraday charts on Wednesday suggesting it could touch 1,451-1,517 levels in the near future. The support levels remain below 1,211 levels.
TCS, M&M among 5 stocks with long buildup
A long buildup occurs when there is an increase in open interest and trading volumes alongside a rise in the price of the underlying stock in the Futures and Options segment, indicating a bullish trend in the market. In Monday's trading session, five stocks experienced a buildup of fresh long positions. Here's the list:
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