TERMS AND CONDITIONS
People in India exposed to humid heat extremes increased by 67 crore from 1951-2020: Study
People in India exposed to extreme levels of humid heat during monsoons increased by at least 67 crore over the period 1951-2020, a research has found. Researchers investigated trends in hot and humid conditions or 'moist heat extremes', commonly seen in monsoons during the summer months, in terms of Wet-Bulb Globe Temperature (WBGT).
Don't be afraid to be bullish, just a bit of hard work and a pinch of patience: 4 smallcap stocks for long term investors
Given how nifty and sensex are moving and market breadth is panning out, it is very likely that we are soon going to enter a phase, where the desire to own small caps would come in the category of “highest”. Another side of the story, when that happens, what will get ignored is that “risks” are also at the highest when bulls are controlling the small cap segment. For all those who still want to take exposure to them, in such times, it would be better to be cautious in selecting the stocks, better to go with buying in smaller quantities and buy stocks where the underlying business has good macro fundamentals. Refinitiv’s Stock Report Plus which lists stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy".
Don't be afraid to be bullish, just a bit of hard work and a pinch of patience: 4 smallcap stocks for long term investors
Given how nifty and sensex are moving and market breadth is panning out, it is very likely that we are soon going to enter a phase, where the desire to own small caps would come in the category of “highest”. Another side of the story, when that happens, what will get ignored is that “risks” are also at the highest when bulls are controlling the small cap segment. For all those who still want to take exposure to them, in such times, it would be better to be cautious in selecting the stocks, better to go with buying in smaller quantities and buy stocks where the underlying business has good macro fundamentals. Refinitiv’s Stock Report Plus which lists stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy".
Heat wave over! AC stocks face rain-test after rallying 76% in 6 months
AC stocks surge post heatwave, showing robust growth amidst cyclicality risks. Price hikes fuel expectations of strong growth momentum and secondary sales. Market growth relies on cooler penetration driven by purchasing power, not just rising temperatures.
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.
IT stocks: A comeback which just needs a bit more confirmation; 7 stocks with an upside potential of up to 23%
Just before the expiry of the June series contract, bulls were seen in a segment of the market which has been long ignored by them — IT stocks. Because the upward movement was taking place at the end of expiry, one could not rule out the element of short covering. If one looks a bit deeper in the trend in IT stocks, two things have become clear. That while the news and opinion has been negative, the price action has not been so bad as has been painted. Now let's look at what happened in the IT sector and why there could be a case for contrarian buying. Yes, the sector has some headwinds which not many had thought would appear two years back. But the bigger question is whether this phase of underperformance is about to get over or not. It might be time to shed the bias of negativity around large IT players.
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IndiaFirst Life's IPO deferred, not shelved: Rushabh Gandhi
Gandhi said the "IPO plan has been deferred but not shelved", and will align with market conditions, which are expected to be more favourable 18 months from now. The company's earlier attempts were hindered by regulatory and market uncertainties.
Tight liquidity forces banks to tap debt markets, shell out more
"To a certain extent, the year-on-year rise in the bank borrowing numbers is a reflection of the merger between HDFC and HDFC Bank. But apart from that, it is clearly a reflection of the tightness in the liquidity and that was, to a certain extent, exacerbated in the month of May because government spending was restricted during the Union election," said Soumyajit Niyogi, director at India Ratings & Research.
Focus on asset allocation; stay invested for long term: A Balasubramanian
But with respect to the investment I think every investor would have their own risk appetite and asset allocations would play a very major role. Therefore, irrespective whatever the market condition, one should not move away from asset allocations focus and stick to the asset allocation focus.
Competitive intensity in used vehicle market to be on the rise: India Ratings
India Ratings and Research predicts that vehicle financiers will increase the share of used vehicles in their AUM due to rising new vehicle prices, food inflation, heat wave, moderation in capacity utilization due to elections, and slowing rural economy. The agency also expects a decrease in FY25 growth rates from FY24 levels. The agency expects non-bank finance companies to focus on used vehicles as assets class, presenting a favorable risk-return in terms of asset quality and pricing power.
Hedge funds rebuild oil position after OPEC⁺ round trip: Kemp
Navigating through diverse commodities, my investment strategy adapted to changing market conditions. From crude oil to natural gas, I observed shifts in positions and prices, reflecting resilience and caution. The market's response to OPEC+ reassurance and high inventories showcased a dynamic landscape, with investors strategizing for potential opportunities and challenges ahead.
NHAI to undertake Miyawaki plantations along national highways to restore green cover
The National Highways Authority of India (NHAI), under the ministry of road transport and highways, has identified 53 acres of land parcel adjacent to national highways in and around Delhi and the national capital region where Miyawaki method of Japan will be used for plantations during the upcoming monsoon season and the process will be replicated across India following its success in Delhi-NCR, NHAI said in a statement.
For truce, exit annexed areas, end NATO bid: Vladimir Putin to Ukraine
On the eve of a conference in Switzerland to which Russia has not been invited, Putin set out maximalist conditions wholly at odds with the terms demanded by Ukraine, apparently reflecting Moscow's growing confidence that its forces have the upper hand in the war.
SIP strategy best for current market conditions: Ajay Tyagi
The negative obviously is what the media has been discussing and debating, which is that it is never too easy to run a coalition government. There will be pulls and pressures from different parties. We will see how it plays out. The nucleus, which is the BJP, is certainly stronger than what many of the previous coalition governments have witnessed prior to 2014, so that is also incrementally positive.
Air India introduces Fare Lock option: Comparison of fees, terms and conditions with IndiGo, SpiceJet
Air ticket fare lock: Air India recently introduced the Fare Lock facility, which is a smooth approach to improving the reservation process, according to the airline. Other airlines, too, offer this facility. Let us see their terms and conditions.
ETMarkets PMS Talk: This fund manager with over Rs 350 cr in AUM generates 2x returns vs benchmark since June 2023
Within this we are managing roughly Rs 315 crore in AQUA, a Flexicap Quant PMS Strategy, which is our flagship style-adaptive, benchmark-agnostic, dynamic multi-factor strategy and roughly Rs 35 crore in our Multi Asset Quant Strategies.
Government seeks candidates for new chief at Indian Oil
The petroleum ministry recommended a tenure extension for SM Vaidya, but the prime minister's office rejected it. Speculation arises about Vaidya's future as his term nears an end.
There is a rebound in FMCG today, IT stocks could be next, don't write them off: 10 IT stocks with upside potential of up to 43%
It is not only that nifty it has been changing color in every second day, In the last two days FMCG stocks have seen a strong price action and a couple of up-grades have also come. There is literally a 360 degree change in the narrative about the sector and its fortune that was being heard . What happens in reality will be known later but this just highlights two things. First a business which has survived for long, there are phases where they are ignored by the street and then make sudden come back, just due to reason that they have size. Second, never write off a good balance sheet. Now the same thing applies to the IT sector, they have been ignored by the street for a good reason, lower growth and business challenges which AI is bringing to table. But the fact is that they also have strong balance sheets and the fact that they cater to demand where the market size is big and is global in nature and have a track record of adapting well to changes.
Another duststorm to hit Delhi soon? Skymet predicts short-term relief for national capital
Amidst the scorching temperatures gripping Delhi, exacerbated by heatwave conditions in various areas, meteorologists forecast a dust storm or thunderstorm to strike the national capital over the upcoming weekend. Common symptoms such as fever, headache, vomiting, and unconsciousness are being reported. Authorities advise residents to refrain from venturing outdoors, particularly during peak hours, and to maintain adequate hydration. Weather officials further warn that Delhi will endure a heatwave for the next forty-eight hours, followed by a new weather disturbance affecting North India, including the capital.
RBI imposes Rs 3.1 lakh penalty on Hero FinCorp
The RBI carried out a statutory inspection of the company, assessing its financial status as of March 31, 2023. Following this inspection, the RBI found instances of non-compliance with its directives and corresponding communication. Consequently, the company received a notice prompting it to explain why penalties shouldn't be applied due to its failure to adhere to the directives.
Arvind Kejriwal bail conditions: When does Delhi CM bail end? Has he flouted any rule?
Delhi Chief Minister and AAP supremo Arvind Kejriwal was granted an interim bail by the Supreme Court on May 10 for election campaigning. The chief minister, who is out on bail, has been campaigning for AAP as well as the INDIA alliance. Kejriwal was arrested by the Enforcement Directorate in connection with the Delhi Excise Policy case.
Defensive stocks: FMCG is “passe”; 8 stocks from two sectors may be called “new defensives” with upside potential of up to 32%
1994 to 2024 is a difference of 30 years, but there is one thing which has remained constant, advice to move to defensive stocks when markets are volatile or there is an event risk. Four questions need to be asked; first, what is a defensive stock? Second, is a stock which was considered a defensive in 1994 when the Indian economy was just opening, still a defensive stock in 2024 ? Third, should there be a new definition of defensive stock in 2024 ? Last but not the least, what are the new defensive sectors or stocks?
Delhi's power demand peaks at 6,780 MW; may reach 8,000 MW this summer: Discoms
With the day temperature spiralling up with each passing day, Delhi's power demand shot to 6,780 MW on Thursday -- the highest this summer so far, discom officials said. Realtime data from State Load Dispatch Centre (SLDC) showed that the peak power demand of the city was 6,780 MW at 3.26 PM on Thursday.
In AUM term, we are the largest low-income HFC: Rishi Anand, Aadhar Housing Finance
Rishi Anand, MD & CEO of Aadhar Housing Finance, discusses the IPO, Blackstone's stake reduction, SEBI approval, high AUM, improving asset quality, significant housing unit shortfall, stable NIMs, debt levels, mortgage penetration challenges, and the strategic distribution strategy. Anand says: "We are covering about 11,000 PIN codes out of the 18,000 PIN codes in the states we are available, spread across the length and breadth of the country."
LTC rules for central government employees released: Who is eligible, who is not? Find out here
The Leave Travel Concession (LTC) initiative offers government employees a discounted travel option to go to any destination in India or to their home town during a a block of four years. . Are all central government employees eligible for LTC? What are the terms and conditions of LTC? All you need to know.
Lakhimpur case: SC says if Ashish Mishra physically attending events, its violation of bail terms
The Supreme Court has ruled that Union minister Ajay Kumar Mishra's son Ashish Mishra, one of the accused in the Lakhimpur Kheri violence case, would be a violation of his bail conditions if he has been physically attending political events. The court had granted interim bail to Mishra in January 2021 for the incident, which claimed eight lives. The court has since relaxed the bail conditions and asked him not to stay in Uttar Pradesh or Delhi during the period.
Summer stocks and lessons on the difference between tactical and long-term investment? 5 companies whose fortunes are dependent on rising temperature
Even when the market was correcting in the month of March one set of stocks which outperformed the market was stocks whose fortunes are linked to how much you sweat due to higher summer temperatures. The reason, first forecast by the IMD about summers was that it would see higher than normal temperatures. Now because sales of air conditioners, air coolers and directly linked to what is the average length of the summer season and secondly what average temperature during those months, the street has figured out that demand for air conditioners and air coolers will see a spike in coming months. Hence the street rushed to buy these stocks. See the returns they have given in the last one month and one week, probably the best. The question is whether these stocks of the companies whose fortunes are dependent on such an unpredictable element of “weather” should be considered as long term investing or just tactical trade, like the one which played out last month or there is more to it ?
Narrative or Reality: This ratio is better guide for long term investors
As the market corrects and stays volatile, one justification which is likely to come to market would be comparing current price multiple of stocks to average price earning multiple it was getting till a few months back and investment case would be made. However, relying solely on the P/E ratio for investment decisions can be misleading, as it may not accurately reflect a stock's true value, particularly in cases where a stock seems inexpensive based on this metric alone. The Price/Earnings to Growth (PEG) ratio emerges as a more refined tool for long-term investments.
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