Almost three decades ago, Sunil Vachani borrowed $35,000 so he could start making 14-inch television sets in a rented shed outside New Delhi. It was an unconventional choice given India, though renowned for software and services, had long lagged behind in manufacturing.
Almost three decades ago, Sunil Vachani borrowed $35,000 so he could start making 14-inch television sets in a rented shed outside New Delhi. It was an unconventional choice given India, though renowned for software and services, had long lagged behind in manufacturing.
Synopsis
Every proposal that Finance Minister Nirmala Sitharaman announced in her Budget will have long-term repercussions and some stocks are better positioned to benefit from them, analysts said.
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Analysts at IIFL Securities picked ICICI Bank, ITC, L&T, Dabur, SBI Life, ICICI Lombard, HPCL, Deepak Nitrite, Quess Corp, JK Lakshmi Cement, Sudarshan Chemical and HG Infra Engg as the biggest beneficiaries of this Budget.
NEW DELHI: The Union Budget may have been a non-event from the market’s point of view, but it has thrown up solid opportunity to make money. Or that’s what many analysts and market veterans believe.
While Reliance Industries, the Nifty 50 heavyweight lost steam in the recent days, Garre sees rival telecom Bharti Airtel posting strong revival signs as their average revenue per shares (ARPU) increase. Cracks have begun to develop in Reliance Jio Infocomm as data points to slip in trade. Garre believes that the combined sector-to-sector performance will aid in the quick performance of the Nifty index rather than relying on the singular blue-chip stock.
As companies pour in solid quarterly earnings, Bernstein rejigs their portfolio more towards recovery themes this year. Garre says, The stocks and sectors that underperformed back in 2020 are new opportunities in 2021. The flavour of the portfolio now aligns more to sectors signalling strong recoveries like construction, infrastructure, financials, and urban plays like PVR. Garre anticipates end markets to perform well as we head to 2021.
Shares of Dixon Technologies (India) moved higher by 4 per cent to Rs 15,180, bouncing back 8 per cent from the day s low of Rs 14,090, on the BSE on Thursday after the consumer electronics company announced stock split plan.
Dixon Technologies on Thursday said its board is scheduled to meet on February 2, to consider sub-division of equity shares of the company from Rs 10 paid-up to in such manner as may be determined by the board of directors. The board will also to consider and approve unaudited financial results of the Company for the quarter ended December 31, 2020, it said. Generally, a company plans to go for a stock split to make the shares more affordable for small retail investors and increase liquidity. In the past one year, the stock of Dixon Technologies has rallied 251 per cent as compared to an 18-per cent rise in the S&P BSE Sensex. In past six months, it surged 129 per cent, against 38 per cent gain in the benchmark index. The stock hit an all-time high of Rs 16,