TRACTION POWER
Hold on to M&M; wait for the split in Tata Motors: Nischal Maheshwari
Cement sector consolidation will help in creating efficiency and sustainability. Stable prices despite inflation as the industry transitions to green cement. Key players are expanding capacity for future market dominance, focusing on EBITDA growth and improved financial performance. In auto, M&M in your portfolio, hold on, there is no hurry to take away profits from there, but Tata Motors should be looked at, says Nischal Maheshwari
The unexpected boon for the otherwise boring industrial products from AI boom
Stocks in the utility space are no longer the sedate ones that are reserved for defensive investors seeking steady returns. They have now caught the fancy of momentum investors and traders. With the successful spinning of the AI story to the power and industrial stocks, they have become the most trending ones that are vying for the top spot, albeit behind tech stocks.
Speculation arises over potential Israeli involvement in Iranian President Raisi's helicopter crash
Iranian President Ebrahim Raisi, known for his hard-line stance and ties to the supreme leader, died at 63 in a helicopter crash along with Iran's foreign minister and other officials. Raisi's tenure included significant actions like large-scale executions in 1988, uranium enrichment for potential nuclear weapons, and a major drone and missile strike against Israel. The crash, attributed to bad weather, has sparked speculation of foul play, with some suggesting possible Israeli involvement. However, experts and Israel deny this theory, as such an act would constitute a direct act of war.
3 top stock picks from Rajesh Palviya for next week
We believe that once Nifty spot crosses 22,500 and if Bank Nifty manages to cross above 48,200 marks, then there could be another round of short-covering we can witness in Bank Nifty and then rally can extend to 48,700 also for Bank Nifty and then we can see some participation from the PSU bank also.
OpenAI plans to announce Google search competitor on Monday, sources say
OpenAI to introduce AI search tool challenging Google. ChatGPT integrated with Microsoft's Bing to extract web info with citations. OpenAI's announcement could be timed a day before the Tuesday start of Google's I/O conference, which it conducts annually, and where the tech giant is expected to unveil multiple AI-related products.
Shift some money from capital goods & PSU bank stocks to FMCG, IT; top 9 bets: Sanjiv Bhasin
Sanjiv Bhasin suggests focusing on Marico, Nestle, Hindustan Lever as top FMCG picks, adding Godrej Consumer. Largecap private banks like HDFC, ICICI, Kotak, Axis, IndusInd are recommended amidst various market dynamics and sector-specific opportunities. Bhasin says the wealth effect means real estate is the real play. Along with that, FMCG and IT will now be more defensive with pharma as a constituent for the index till the results.
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If Hindus still in danger after decade of BJP rule, it should not return to power: Kirti Azad
The former BJP MP-turned-TMC nominee from West Bengal's Bardhaman-Durgapur Lok Sabha seat, also said the issue of the Uniform Civil Code (UCC) was a "ploy to communalise the polls" since the saffron camp "lacks an impressive report card to present before the masses".
Sagar Cements is this week's top stock; here's why
Analysts are confident about Sagar Cements as the ramp-up in new capacities will support the company’s revenue growth over two years.
Oppn lost power due to disunity; Congress' problems need remedying: Amartya Sen
Nobel laureate Amartya Sen criticizes India's opposition for its disunity, highlighting Congress's organizational flaws. He advocates for greater empowerment of underprivileged through education, healthcare, and gender equity. Sen also critiques BJP's economic policies, warning against aligning with single-religion focus. He emphasizes the need to enhance India's democratic nature amidst upcoming election
Strong loan growth, stable asset quality seen powering Jan-March bank numbers
Banks will also gain from mark-to-market gains from the easing in treasury yields last quarter and also from a Reserve Bank of India (RBI) relief on provisioning requirements on their alternative investment fund (AIF) investments.
Battle for Bengal's walls as power of poll graffiti still unmatched
Campaign murals in West Bengal encapsulate the TMC-BJP rivalry, reflecting evolving campaign strategies through social media, memes, and videos. The political communication landscape undergoes a transformation with creative pursuits and digital mediums shaping election narratives.
With Rs 6500 cr dedicated budget in 2024-25, railway can achieve 100% electrification: Officials
India is making strides toward complete electrification of its rail network, with a dedicated budget of Rs 65,00 crore allocated for 2024-25. This move, highlighted by senior railway officials, follows the recent achievement of 95% electrification of the Broad Gauge. The electrification program not only benefits the environment but also spurs economic growth by creating jobs and reducing dependence on imported fossil fuels. The shift to electric traction is expected to cut carbon emissions by 24% by 2027-28, showcasing Indian Railways' commitment to sustainability and modernization.
Power demand to grow 8-9% in India, capacity will grow, but cost will fall from 2030: Praveer Sinha, Tata Power
Praveer Sinha discusses challenges in the power sector, emphasizing the upcoming reduction in power costs by 2027-2030. He underscores the crucial role of battery storage in the transition to clean energy for reliable 24x7 power availability. Sinha says energy transition is a big thing because it is the need of the hour with concerns about climate change and sustainability.
Raj Thackeray: Can 'marathi manus' add fire power to BJP alliance?
The BJP is aiming to expand its Mahayuti alliance in Maharashtra, potentially adding Raj Thackeray's MNS. This move could lead to a direct confrontation between Raj Thackeray and his cousin Uddhav Thackeray, who heads the Shiv Sena. Raj Thackeray's recent meetings with key political figures indicate his efforts to remain relevant in the upcoming 2024 Lok Sabha elections.
CG Power shares surge 11% after government’s nod to semi-conductor facility
Shares of CG Power and Industrial Solutions rose 12% after announcing a JV with Renesas Electronics and Stars Microelectronics to build a semiconductor facility in Sanand, Gujarat. The JV will invest Rs 7,600 crore over five years and aims to diversify into semiconductor manufacturing, leveraging the partners' technology and expertise.
Want to get into some of the hottest sectors in market now? PSU is the name of the game: Ajay Srivastava
Ajay Srivastava, CEO of Dimensions Corporate, believes that investing in PSUs is essential in sectors like transmission, defence, big power, and oil retailing. PSUs will get more traction certainly in the five sectors we have spoken about just now because simply there is none which exists. Despite market difficulties, focusing on trending sectors and considering large NBFCs can lead to better returns compared to banks.
Business strength, new RE launches to power up Eicher
RE’s domestic sales volume grew by 16% year-on-year to 6,30,273 units in the first nine months of the current fiscal year despite new bikes launched by Hero-Harley and Bajaj Triumph. The quarterly run-rate of the RE Classic 350 bike, the company’s highest selling bike, was 80,180 units during the period compared with 78,974 units in the comparable period a year ago. It suggests that the new bikes introduced by the competition have expanded the addressable market for RE’s premium bikes due to a strong franchise.
HDFC Bank, ICICI Bank are screaming buys at current prices: Nischal Maheshwari
Nischal Maheshwari, CEO of Centrum Broking, recommends green-oriented companies like Tata Power and NTPC in the metals and coal sectors. He suggests focusing on pharma companies like Sun Pharma and the hospital sector for investment opportunities. We are are strongly betting on goal-oriented companies. The power equipment companies have run much ahead of its course. We would recommend taking profits in BHEL kind of companies.
IIT Guwahati-led multi-institutional team achieves breakthrough in ultra-wide bandgap semiconductors
This semiconductor has the potential to significantly enhance the efficiency of power electronics used in high-power applications such as electric vehicles, high-voltage transmission, traction, industry automation, among others. This innovation is expected to be used widely because it makes high-power devices function efficiently even at very high temperatures, such as 200 ºC.
Amazon shares jump 7% as AI, retail strength power revenue growth
The company joined Microsoft and other tech firms in starting to see results benefiting from their heavy AI investments, while also outlining more spending in 2024 to develop the much-hyped tech.
Retik Finance (RETIK) scripts a new chapter: $4 million raised in a week, selling out presale stage 7
Retik Finance (RETIK) is making headlines in the crypto space with its remarkable journey in the DeFi sector. The project raised $4 million in just one week during its presale, solidifying its status as an emerging powerhouse. Retik Finance offers innovative features like DeFi debit cards, a smart crypto payment gateway, P2P lending, and a highly secured DeFi wallet. The project's milestones include raising $450,000 in 24 hours and reaching $1 million in one week. The recent achievement of raising $4 million marks a significant step forward for Retik Finance and the DeFi sector.
Q3 results today: ITC, Bajaj Finance among 88 companies to announce earnings on Monday
ITC Ltd is expected to announce its December quarter results on Monday. The company is likely to report a steady volume growth in both cigarettes and non-cigarette FMCG business, as well as strong traction in the hotel segment. However, the agri and paper and paperboards businesses may have been sluggish, restraining overall revenue growth. Analysts estimate a nearly 5% YoY growth in revenue to Rs 17,016 crore, a 2.5% YoY increase in EBITDA to Rs 6,378 crore, and a 2% growth in profit to Rs 5,137 crore.
MNC capital goods stocks gain traction on govt's planned infra and capex push
This optimism is driven by government initiatives that support incremental capital expenditure, a revival in specific segments of the private sector, and a more favourable growth outlook in international markets.
Former Vice President Mike Pence ends campaign for the White House after struggling to gain traction
The decision, more than two months before the Iowa caucuses that he had staked his campaign on, saves Pence from the embarrassment of failing to qualify for the third Republican primary debate, Nov. 8 in Miami. But the withdrawal is a huge blow for a politician who spent years biding his time as Trump's most loyal lieutenant, only to be scapegoated during their final days in office.
Entuple, Aditya Auto form JV to set up manufacturing units to supply electric traction hub, mid-drive motors
Entuple E-Mobility and Aditya Auto have partnered to establish manufacturing facilities in Bangalore to produce electric traction hubs and mid-drive motors. The joint venture will be funded through equity contributions, and the facility will have a manufacturing capacity of 2,70,000 units per annum of hub motors and 2,25,000 units per annum of mid-drive motors. Production is expected to begin next month for hub motors and in December for mid-drive motors.
IIM study says 'Mann ki Baat' mentions boosted traction of policy initiatives, other issues
A study conducted by IIM-Bangalore has revealed that Prime Minister Narendra Modi's monthly radio broadcast, 'Mann ki Baat,' has successfully popularized various policy initiatives, such as the welfare of girls, yoga, and the use of Khadi. The study analyzed the impact of 105 episodes over the past nine years and assessed the lasting effects of the program.
China’s soft power investment in Caucasus region gains traction
China is using its official media and various initiatives to promote its soft power in the South Caucasus region. CGTN, a channel of the China Media Group, is presenting news and innovations related to China through social media platforms in Azerbaijani, Georgian, and Armenian languages. Confucius Institutes and the Chinese Embassy in Azerbaijan are actively promoting Chinese culture and language among students.
Dividend yield funds gain traction in a volatile market
Another reason for the rising popularity of dividend yield funds is improving profitability of the public sector undertakings (PSUs), which form a large part of dividend yield funds. PSUs such as BHEL, REC, Power Finance Corporation, Hindustan Aeronautics, Engineers India and Coal India have turned profitable. This has added to the attractiveness of these funds.
Railways bag nine awards for energy conservation
The first prize was awarded for Kacheguda station (Telangana) and the second to Guntakal railway station (Andhra Pradesh) for energy conservation measures in railway stations category, a statement from the Ministry said on Thursday.
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