Dixon Technologies (India) Ltd. is exploring acquisitions to enter the speciality electronics manufacturing services (EMS) segment, a move that could unlock a large, high-margin growth opportunity, according to brokerage firm Investec’s latest note on Wednesday, July 1. The brokerage maintained its “buy” rating on the stock, with a price target of ₹14,500, following a meeting…
Stocks to Watch Today, July 2: Tata Tech, Coal India, JSW Infra, Lupin, Bharti Airtel and others (Image: AI/ET Now) Stocks to Watch Today, July 2: Corporate developments and quarterly business updates are expected to keep several stocks in focus on Tuesday, with banking companies reporting steady growth in deposits and advances, while retail firms…
Bitcoin fell to a fresh 21-month low as the prospect of higher interest rates and concerns about the largest corporate buyer of the token weakened sentiment. Bitcoin dropped as much as 1.5% to $57,742 in Asian trading on Wednesday, its lowest level since Sept. 17, 2024, before steadying by 10 a.m. in Singapore. Hawkish comments…
The Nifty IT index declined 31% between January to June this year. The only performance, worse than this, during a similar timeframe, came all the way back in 2001, when the index had declined 44%. The index is also at a three-year low. Most largecap IT names are down between 30% to 35% during this…
Benchmark indices on Wall Street had a volatile start to the month of July as they gave up initial gains to end with losses following a sell-off in chipmaking companies. Investors also assessed an address from Fed Chair Kevin Warsh at the European Central Bank Symposium in Portugal. The Dow Jones made a record high…
Road construction companies could be heading into a better phase after nearly two years of slow project awards, according to Vijay Agarwal, Managing Director & Sector Lead-Infrastructure at Equirus Capital. He believes the biggest bottleneck, land acquisition, is gradually being resolved, paving the way for faster bidding and execution of highway projects. According to Agarwal,…
Shares of Paisalo Digital Ltd. surged 20% on Wednesday, July 1, after the non-banking financial company (NBFC) said its promoters increased their stake by 4.97% through open market purchases during the first quarter of financial year 2027. The company said promoter shareholding has risen to 46.72% from 41.75% at the end of FY26, adding that…
India’s new Reserve Bank of India (RBI) guidelines on funding for capital market intermediaries are expected to increase funding costs for proprietary trading firms, but the broader broking industry is unlikely to face major disruption, according to HDFC Securities Managing Director and CEO Dhiraj Relli. The new rules, which came into effect on July 1,…
The rapid growth of leveraged ETFs has introduced a relatively new source of market risk that can mechanically amplify both rallies and selloffs. On a recent walk along the waterfront near my home, I noticed a yacht in the marina with the name “Leverage,” a not-so-subtle reminder that many fortunes are built on borrowed money,…
Shares of Tata Motors Passenger Vehicles Ltd. (PV) declined on Wednesday, July 1, as brokerage firm Citi has maintained its “sell” rating on the stock even as it was positive on its recent Sierra EV launch. The brokerage’s ‘sell’ rating comes with a price target of ₹320 per share, indicating a downside of 9% from…
