A multi-year upcycle awaits ONGC & Oil India, says Motilal Oswal. Here’s why
Upstream companies Oil & Natural Gas Commission (ONGC) and Oil India are expected to ride on a multi-year upcycle with oil prices remaining elevated at levels between $80 and $100 per BBL for much of CY24, Motilal Oswal said in a note as it picked these stocks as its preferred buys in the energy space….
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MSCI Rejig: IndusInd Bank, Paytm & 7 other stocks to trade in India Standard index from Thursday
Nine new stocks will be part of the MSCI India Index as the rejig comes into effect from Thursday. These stocks are IndusInd Bank, Suzlon Energy, Persistent Systems, APL Apollo, Polycab, Macrotech Developers, Tata Motors A, One 97 Communications (Paytm), Tata Communications. Moreover, seven stocks viz. Zomato, Hindustan Aeronautics (HAL), Jio Financial Services, Vedanta, PFC,…
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supply chain: Deep tier financing in India: The future of sustainable supply chain finance
Trade finance has always been an essential component of the global supply chain. However, with the advent of a globalised world, supply chains have become more complex, involving multiple tiers of suppliers. The Micro, Small and Medium Enterprises (MSMEs) sector has also grown in importance, contributing as much as 30% to India’s GDP. Despite the…
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Midcap stocks: New India Assurance, BHEL among 6 midcap stocks that outperformed Nifty50 – The Outliers
Adani Enterprises Share Price 2423.50 04:00 PM | 28 Nov 2023 198.05(8.90%) Adani Ports & Special Economic Zone Share Price 837.70 04:00 PM | 28 Nov 2023 42.15(5.30%) Tata Motors Share Price 697.50 04:00 PM | 28 Nov 2023 23.80(3.53%) Bharat Petroleum Corporation Share Price 424.50 03:59 PM | 28 Nov 2023 13.90(3.39%) Coal India…
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India markets regulator to oversee online platforms offering fraction real estate assets
The board of India’s markets regulator on Saturday said it will regulate online platforms offering fractional ownership of real estate assets, and such platforms will be registered under a framework for small and medium real estate investment trusts. In a statement after its quarterly board meeting, the Securities and Exchange Board of India (SEBI) also…
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India just one lucky day away from $4 trillion dream but on Dalal Street
The viral news of India turning into a $4 trillion economy might have turned out to be fake but the emerging market superstar needs just one blockbuster day for its equity market capitalisation to touch the magical figure. The total market capitalisation of all BSE-listed stocks at the end of the trading session on Thursday…
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Stocks in news: SBI, Coal India, ONGC, SpiceJet, RateGain Travel, BSE, Oberoi Realty
GIFT Nifty on the NSE IX traded 4 points, or 0.02 per cent, lower at 19,803, signaling that Dalal Street was headed for muted start on Tuesday. Here’s a slew of stocks that will be in focus today for various reasons. State Bank of IndiaThe government on Monday appointed Vinay M. Tonse as the Managing…
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FPIs turn buyers; invest Rs 1,433 cr in equities in Nov so far
After sustained selling in the last two and a half months, FPIs bought Indian equities worth Rs 1,433 crore thus far in November, mainly due to the decline in US treasury bond yields and crude oil prices. Foreign Portfolios Investors (FPIs) were net sellers till November 15. However, they reversed the selling trend by infusing…
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Coal India pricing reasonable, still top pick post rally
Mumbai: Analysts at most brokerages retained or raised their share price targets on Coal India (CIL) after the company’s second-quarter results beat market expectations. The stock jumped 5.3% to hit a 52-week high of ₹350, emerging as one of the biggest gainers on Monday. The average price target on Coal India of all analysts compiled…
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Goldman downgrades Hong Kong-traded China stocks, raises India
Goldman Sachs Group Inc. lowered its rating on Hong Kong-traded China stocks due to low earnings growth and a potential consensus downgrade. The bank upgraded shares in India, citing the market’s strategic appeal. “With valuations generally at fair levels relative to the macro backdrop, we expect earnings to be the main driver of returns,” strategists…
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