Shares of Bosch Ltd. declined over 5% on Thursday, May 21, after the company said it is cautiously optimistic for the financial year 2027 due to geopolitical tensions. The company, in its post-earnings conference call on Thursday, said the semiconductor supply issue has eased but the overall demand conditions remain fragile. For FY27, Bosch is…
India’s consumption story is finally showing signs of a broad-based recovery, with demand improving across fast-moving consumer goods (FMCG), paints, quick-service restaurants (QSR) and discretionary categories, according to Abneesh Roy, Executive Director of Nuvama Institutional Equities. Roy said companies are once again taking price hikes and seeing healthier growth after a sluggish few years. Roy…
Ashwini Agarwal, Founder & Partner, Demeter Advisors, said private sector banks and fast-moving consumer goods (FMCG) companies currently offer some of the strongest opportunities as earnings growth improves and valuations remain reasonable. He also said he is turning incrementally constructive on IT services companies due to rupee weakness and potential demand linked to artificial intelligence-related…
The artificial intelligence (AI) rally still has strong legs despite growing concerns over valuations and upcoming mega initial public offerings (IPOs), according to Drew Pettit, Director-US Equity Strategy/ETF Analysis & Strategy Research at Citi. Pettit said Nvidia’s latest earnings have reinforced Citi’s bullish view on AI, with strength now spreading across semiconductor, infrastructure and memory-related…
Meghana V Malkan stresses mindset, discipline over emotional reactions. (Image: ET Now) With global uncertainty, geopolitical tensions and volatile stock markets keeping investors on edge, financial experts are advising people to focus less on short-term market swings and more on discipline, patience and risk management. Speaking on an investment-focused discussion, wealth mindset coach Meghana V…
Jamie Dimon said interest rates may climb much higher from current levels, a warning to bond investors at a time when yields have touched multi-year highs. “They could be much higher than they are today,” the chairman and chief executive of JPMorgan Chase & Co. said in an interview with Bloomberg Television. “We may have…
Shares of Honeywell Automation India Ltd. gained over 11% on Thursday, May 21, reporting its biggest single-day gain in two years. Brokerage firm JM Financial upgraded its rating on the stock to “buy” and it has a price target of ₹44,000 apiece, indicating an upside of 45.8% from its previous closing price. It said the…
Shares of JSW Cement Ltd. gained as much as 9% on Thursday, May 21, in response to its fourth quarter results that were strong on the operational front when compared to last year. The company reported positive numbers across all parameters. Its net profit surged to ₹371.3 crore in the March quarter from 34.2 crore…
Anupam Rasayan India Ltd on Saturday approved the acquisition of up to 74.2% stake in pharmaceutical formulations maker Bliss GVS Pharma Ltd, marking a major expansion into finished dosage formulations and integrated life sciences manufacturing. The transaction includes the acquisition of 43.3% equity stake in Bliss GVS Pharma at ₹299 per share for an estimated…
Shares of DEE Development Engineers Ltd. fell sharply after the company reported its fourth quarter earnings on Thursday, May 21. The stock is since fluctuating between gains and losses. While the company’s revenue increased for the March quarter, its net profit and margin declined and Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) was flat…
