SUMMER MONTHS
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.
Oil prices inch up on large US crude stock draw
Brent crude oil futures climbed 16 cents, or 0.2%, to $85.60 a barrel by 0033 GMT. U.S. West Texas Intermediate crude futures rose 14 cents, or 0.2%, to $82.95 per barrel.
Oil holds near two-month high on higher demand outlook, possible rate cut
Exciting developments in the oil market as prices hold steady near recent highs, driven by robust demand projections and the possibility of U.S. interest rate cuts. The looming threat of Hurricane Beryl and reduced crude imports into Asia, especially China, add further intrigue to the market landscape.
Summers are over. Should a tactical trade turn into a long-term investment? 5 AC & white goods stocks which surged with the rising temperature
There are many sectors which make it to headlines at a particular time of the year. Like we would see agriculture and irrigation stock coming to headline around budget time, hotel stocks during holiday season. So, while they are cyclical stocks, because their cycles are much shorter as compared to typical cyclical stocks like metals, where cycles may last for many years, they are not typically classified as cyclical stocks. But essentially they are and cyclical stocks are more tactical trade rather than long term investment, which you can buy and forget for years. There is another set of companies who also make it to the headline and probably to the list of top gainers around the same time every year. Companies whose fortunes are linked with what happens in the summer season. This time again it happened, right from AC makers to fan makers to an ice cream company. All have witnessed an upward movement. Should be kept for it is time to say goodbye till next season.
Oil inches higher on summer demand outlook
Oil prices rose on supply deficit forecasts and OPEC+ cuts amid global economic challenges. Traders are cautious about rising non-OPEC+ output. Monitoring includes China's oil demand, the Atlantic hurricane season, and the impact of Hurricane Beryl.
Continue blending of 4 per cent imported coal till October 15, government tells power plants
Efficiently managing coal blending requirements and supply logistics is crucial for meeting peak power demand. Maintaining a balance between coal receipt and consumption at domestic coal-based plants is essential for uninterrupted power generation across the country.
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India's monsoon overcomes delay, set to cover country on time
Summer rains, critical for economic growth in Asia's third-largest economy, usually begin in the south around June 1 before spreading nationwide by July 8, allowing farmers to plant crops such as rice, cotton, soybeans, and sugarcane.
India's weekly vegetable spending up in the past few weeks, says survey
Rising vegetable prices due to various factors like the heatwave and monsoon challenges have led to increased consumer spending. Authorities are urged to step in to address the situation and stabilize prices for households across the country.
Oil edges lower after industry group reports jump in US stockpiles
Oil prices fell on surprise U.S. stockpile increase, with concerns over weak demand. The U.S. summer driving season and consumer confidence decline contributed to market worries, along with a stronger dollar. Brent crude dropped to $84.82 a barrel.
Cool beans! Cafes are having a field day this summer
National chains such as Third Wave Coffee, Chaayos, AbCoffee, and Boba Bhai have seen a notable increase in foot traffic at their cafes, particularly in northern India, despite the region grappling with record summer temperatures. These cafes are also experiencing increased demand for summer-specific items through delivery services. Also, their appeal as hubs for remote work and meetings is further boosting footfalls.
Online phone sales pick up in April, may hot up in summer
Online smartphone sales surged in April after a dip in Q1 2024, driven by Chinese brands shifting focus to online channels, as reported by Counterpoint Research.
RBI MPC minutes: Panelists flag incoming impact of 'exceptionally' warm summers on food inflation
The Reserve Bank of India's (RBI) Monetary Policy Committee members raised concerns about inflation pressures due to "exceptionally" warm summers, impacting perishable goods and crop output, as per their latest meeting minutes. RBI Governor Shaktikanta Das expects retail inflation to moderate to 4.5% in FY25 but warns of near-term challenges.
Employees prefer work from home as heatwave forces corporates to adopt hybrid work
The 2023 report released by the Intergovernmental Panel on Climate Change (IPCC) reveals that rising global temperatures have led to unprecedented climate change across all regions of the world, with consequences ranging from rising sea levels to more frequent and severe weather events, as well as the rapid disappearance of sea ice.
Summer Solstice: Best deals on restaurants and retailers like Target, Aldi & more
The summer solstice is a significant event celebrated by cultures worldwide. Taking place between June 20 and June 22 in the Northern Hemisphere, the summer solstice marks the longest day and the shortest night of the year.
Summer Solstice 2024: Which day will be longest in 2024? Here is everything you need to know
Summer Solstice 2024: Solstices mark the changing of seasons with longest and shortest daylight hours. The June solstice signifies the beginning of summer in the Northern Hemisphere and winter in the Southern Hemisphere. The solstices occur twice a year. In 2024, the June solstice falls on June 20 at 4:50 PM EDT, which corresponds to June 21 in India. This event marks the Sun's northernmost position in relation to Earth's equator, according to NASA.
LNG imports down 7.2% in May on stagnant demand
LNG imports in India fell 7.2% year-on-year in May as domestic demand stagnated and local production expanded. The country consumed 5,708 MMSCM of natural gas, with LNG prices averaging $11.9 per mmbtu in May.
Amazon Summer Sale: Up to 55% OFF on Refrigerators (2024)
Are you looking for a great refrigerator but it doesn’t seem to fit into your budget? If so, then continue reading this article to learn about the Amazon Summer Sale that offers you up to 55% OFF on refrigerators. The sale incorporates huge discounts on extremely popular brands which shall look great in your home.
Market size expected to reach 25 million units by 2030: B Thiagarajan, Blue Star
See, tier three, four, five have been contributing significantly. My estimate is that close to 65% for the industry comes from tier three, four, five. In our case, it is around 68% or so. The important thing is more than 90% are first-time buyers and Nilesh will be able to explain further, the consumer finance scheme led sales is touching around 55%.
Demand under rural jobs scheme eases again in May
Demand for work under India's rural job guarantee scheme, MGNREGS, dropped for a seventh consecutive month in May, signaling improved economic conditions at the start of the fiscal year. About 37.46 million individuals sought work, down 12.1% from the previous year, with 27.18 million households seeking work, a 14.3% drop. The trend is attributed to better-paying job opportunities and the impact of heat waves across the country, although the data is subject to revision.
Cola, ice creams sell like hot cakes amid prolonged heat spell
Demand for hydrating products surges in India amid heat wave, with PepsiCo India, CocaCola, and Havmor Ice Cream witnessing increased demand in east, north, and central regions.
AC makers clock two-fold jump in sales in May amid scorching summer
Voltas, LG Electronics India, Blue Star, Daikin India, and Panasonic India have all experienced significant growth in AC sales in May, with projections for continued momentum and challenges ahead.
Sweltering heat, flash floods, 'disappearing' spring season - India's weather story so far in 2024
Extreme weather events in the first five months of 2024 in north India have caused deaths, floods, and landslides in the northeast, with a spring season that may soon disappear from the calendar.
Smartphone overheating? Try these simple solutions to cool down your phone this summer
During hot summer days, it's important to keep your phone cool to prevent malfunctions and battery issues. Here are 7 tips to help: avoid direct sunlight, lower screen brightness, limit power usage, use power-saving mode, remove back covers, use approved chargers, and avoid extreme cooling methods. Following these tips can ensure your phone's performance and longevity during the summer heat.
Traders are bracing for a record-smashing summer that will shake up commodities
Prices for some of the world’s most vital commodities — natural gas, power and staple crops like wheat and soy — are climbing.
Peak power demand hit 229.6 GW on Saturday
India's peak power demand hit 229.6 GW on May 18 during a severe heatwave, meeting the estimated 235 GW. Last year's peak was 243 GW in September despite monsoon deficits. Maximum temperatures reached 46 degrees Celsius in affected regions, leading to high electricity demand.
10 Best-selling ACs under 40000 to save you from scorching heat
In 2024, ACs under 40000 offer unparalleled cooling efficiency, advanced features, and sleek designs. From energy-efficient models with inverter technology to those equipped with air purification systems and smart connectivity options, these units ensure optimal comfort while minimizing energy consumption. With reliable performance, quiet operation, and durability, the top 2-ton air conditioners of 2024 cater to diverse cooling needs, providing superior comfort during the hottest months of the year.
Telecom data centres prepare to take the heat of summer months
The persistent heatwave conditions pose increased cooling challenges for telecom data centers, critical components of broadband communications infrastructure responsible for call/data routing and safeguarding essential customer data. Executives from Bharti Airtel's Nxtra Data and Reliance Jio emphasize leveraging renewable energy integration, energy-efficient enhancements, and advanced cooling technologies to manage costs and ensure uninterrupted data center operations.
Best Handheld Misting Fans in India for On-the-Go Cool Breeze (2024)
Are you frustrated with the rising temperatures during the hot summer months? If so, then continue reading this article where we have curated a list of the best handheld misting fans in India. These fans either run on battery or USB charge which means you can enjoy on-the-go cool breeze.
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