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Will the sun stop shining on Indian small and midcap stocks?

India has taken a pause on interest rates and the country has seen significantly higher interest rates in the past, and hence both the Indian govt. and corporations are more resilient to any slowdown due to higher interest rates.

TVS Motor revs up with strong outlook

TVS Motor Company has been one of the best-performing two-wheeler stocks in the current financial year (FY24), enriching investors with gains of 24 per cent. Among listed two-wheeler stocks, only Hero MotoCorp has done better in this period. New launches, market share gains, steady margins and expectations that its performance will continue in FY24 are expected to support TVS Motor s stock.

Moderation in demand is where the shoe pinches for footwear majors

Notwithstanding lower growth rates recorded in the first quarter (Q1) of 2023-24 (FY24), which spanned from April to June, footwear stocks have seen some gains in the past two trading sessions. Bata India saw an increase of approximately 5 per cent, driven by positive expectations surrounding a potential tie-up in the sports/athleisure segment. This development is viewed favourably due to the segment s higher growth rates.

Stock Market Live Updates: Sensex, Nifty open flat amid RBI policy focus and inflation concerns

Stock Market Live Updates: Sensex, Nifty open flat amid RBI policy focus and inflation concerns
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

Buyout impact, margin worries likely to cap gains for Maruti Suzuki

The stock of the country s largest passenger vehicle maker, Maruti Suzuki India (MSIL) was down 1.06 per cent in trade on margin pressures in Q1FY24, mixed market share outlook, and earnings impact due to the buyout of Suzuki Motor Gujarat. While MSIL has decided to terminate the contract manufacturing agreement and acquire Suzuki Motor Gujarat, the quantum of payment and mode (cash/equity swap) has not been decided. If the cash option is opted for, there would be a 3.5-4 per cent hit to MSIL s FY25 earnings per share as the deal is expected to be completed by the end of the current financial year.

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