Premium A representative image of consumer durables Shares of consumer durables companies have generated mixed returns on the bourses thus far in calendar year 2024 (CY24) as investors assess demand recovery trends in the sector. Except for Blue Star and Voltas, whose shares have rallied 34.3 per cent and 6.8 per cent, respectively,… Continue reading With mercury rising, analysts foresee summer surge for consumer durables | News on Markets
Tag: Analysts
Markets to focus on Q1 earnings, RBI interest rate this week: Analysts
The RBI interest rate decision, industrial production data for June and the ongoing quarterly earnings from corporates would largely drive the stock markets this week, analysts said. Other major factors such as global market trends, the movement of oil prices and the trading activity of foreign investors would also influence trading, they added.… Continue reading Markets to focus on Q1 earnings, RBI interest rate this week: Analysts
Laptop import curbs lift EMS stocks but analysts warn of jumping the gun
The government’s recent import restrictions on laptops, tablets, personal computers, and other similar data-processing units have led to a massive rally in stocks of related electronics manufacturers. Investors lapped up shares of Dixon Technologies, Optiemus Infracom, Syrma, Netweb Tech, and HCL Infosystems, which surged up to 17 per cent over the last… Continue reading Laptop import curbs lift EMS stocks but analysts warn of jumping the gun
Jhunjhunwala-backed Concord Biotech IPO opens today: What do analysts say?
Late investor Rakesh Jhunjhunwala-backed Concord Biotech’s (CBL) Rs 1,550 crore-initial public offer (IPO) will open for subscription today and close on August 7. The issue is entirety an offer for sale, wherein investor Helix Investment Holdings is selling its 20 per cent stake. The price band is fixed at Rs 705-741 a share. … Continue reading Jhunjhunwala-backed Concord Biotech IPO opens today: What do analysts say?
Analysts see profit surging up to 169% YoY; here’s why
State Bank of India (SBI) Q1FY24 results preview: State Bank of India (SBI)’s April-June quarter (Q1) net profit may decline up to 18 per cent on a sequential basis as the country’s biggest government-owned lender may create higher provisions and record muted operational performance during the quarter, analysts said. The net profit estimates… Continue reading Analysts see profit surging up to 169% YoY; here’s why
RBI intervention to keep rupee in tight range, analysts say: Poll
The Indian rupee will trade in a narrow range over the coming three months and then strengthen slightly in a year as the Reserve Bank of India uses its vast foreign exchange reserves to keep the currency stable, a Reuters poll found. Expected volatility in the rupee over the next three months was… Continue reading RBI intervention to keep rupee in tight range, analysts say: Poll
GoFirst insolvency, high fares to drive IndiGo’s turnaround in Q1: Analysts
IndiGo Q1FY24 results preview: The absence of Go First, and weak operations of SpiceJet may help InterGlobe Aviation-owned IndiGo to post a turnaround performance in the April-June quarter (Q1) of financial year 2023-24 (FY24) when it announces its June quarter result on Wednesday, August 2. On average, analysts expect the airline to post… Continue reading GoFirst insolvency, high fares to drive IndiGo’s turnaround in Q1: Analysts
Macroeconomic data, global trends, earnings to guide mkt trends: Analysts
Domestic macroeconomic data announcements, global trends, quarterly earnings and foreign fund trading activity would dictate terms in the equity markets this week, analysts said. Besides, movement of rupee against the US dollar and global oil benchmark Brent crude price would also guide the trading pattern in the equity markets. “From a macroeconomic… Continue reading Macroeconomic data, global trends, earnings to guide mkt trends: Analysts