Research reports from brokerage houses come out in full force twice in a year. First during Diwali and then at the start of a new calendar year. As we move into the Diwali week, we are already flooded with special reports on Diwali picks.
The September quarter earnings season kicking off this week would reflect the impact of catalysts like GST rollout, demonetisation, early festive season buying, higher raw material cost, rupee-dollar exchange rate and monsoon rains.
Considered one of the wizards of the Indian stock market, Ramesh S Damani has an eye for high quality value stocks that go in time to become multi-baggers. An individual equity investor, he is also the founder of Ramesh S Damani Finance and has a net-worth of $1.24 billion.
Although in the short run the market may remain volatile, but in the longer term Indian capital markets are poised for a consistent higher growth in the decade to come. It could mainly be due to stable economic and political scenario coupled with implementation of business-friendly reforms.
With the start of the tapping season, rubber prices are expected to ease for the next couple of months. But if international prices remain firm, there are slim chances of any significant correction.
A decent monsoon rains in most parts of the country has brightened the prospect of sugar production in the country as plantation acreage has increased over the previous year.
Cement companies, under our coverage, are likely to report average Ebitda per tonne decline of Rs 100 per tonne YoY and Rs 240 per tonne QoQ, mainly led by cost escalations that could not be passed-on owing to seasonality.
While the Nifty closed last week with nearly 2 per cent gain, the confidence level in the market was rather weak.
After staying below its 50-day moving average (DMA) for seven trading sessions, the Nifty finally climbed above the average on Friday. This was a key move for the index. Between December 2016 and October 6, 2017, the Nifty had taken support on this average only twice.
A massive sell-off rocked the domestic market last past week, shaking investor confidence as geo-political risk and worries about the slowing economy haunted the market.
Vikram Kotak, till recently head of investments at Deutsche Mutual Fund, is an industry veteran widely known for his uncanny ability to identify themes and stocks that turn multi-beggars. He has now changed track and has turned a private equity investor.
Referring to the recent outflows by foreign institutional investors, Ritesh Jain, chief investment officer, BNP Paribas Mutual Fund, tells Falaknaaz Syed that FIIs maybe, reallocating their capital to other emerging markets, which are cheaper than India, but a po
Cotton prices are expected to see some upside in the coming months as the production is estimated to be lower this time and the exports higher.
The government is set to announce new price of ethanol, which is likely to be Rs 40 a litre against Rs 39 a litre for 2017-18 (December-November). The petroleum ministry will move the cabinet note soon and decision may be announced around Diwali.
Amit Shah, 32, married with one-year old child, has dependent parents who stay with him.