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Mar 18, 2024 | 
economictimes.indiatimes.com | Priyanka Salve
It’s “déjà vu all over again” for the Adani Group stocks. The company is in a spot, and this time it’s US regulators who want to investigate it for an alleged fraud. The move comes as a major blow at a time when the group’s debt had stabilised, and its cash flow had improved. While the Adani Group had been successful in attracting GQG Partners, a foreign institutional investor, to put in USD2.2 billion into the company, most domestic mutual
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Mar 10, 2024 | 
economictimes.indiatimes.com | Priyanka Salve |Himadri Buch
Manufacturing-focused funds are in the thick of things of late. As the BSE manufacturing index climbs new highs, fund houses smell opportunities in the sector. Last month, Canara Robeco Mutual Fund launched a scheme to invest in the manufacturing sector. It is not the only one. Some four new manufacturing-focused funds have been launched in the last six months, taking the total to 10 as of February-end. Shridatta Bhandwaldar, head of equities at
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Feb 26, 2024 | 
economictimes.indiatimes.com | Priyanka Salve
It’s been an eventful month for Kumar Mangalam Birla’s Hindalco Industries. After gaining twice as much as the benchmark equity indices in the last one-year period, Hindalco shares tanked 16% to INR507 apiece in mid-February in just five trading sessions after its US subsidiary Novelis reported a significant capex overrun in one of its projects. Last Wednesday, Hindalco’s stock jumped 5% in intraday trade to hit INR536, a day after Novelis filed
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Feb 11, 2024 | 
economictimes.indiatimes.com | Priyanka Salve |Shubhangi Palve
Larsen & Toubro (L&T) is by far the largest engineering and construction company in India. Over the past year, the stock has returned 55% against Nifty 50’s 21% gains. Despite high past returns, the stock is still undervalued. And this has a lot to do with its defence business. Through the years, L&T has diversified into finance, information technology and defence. Its listed subsidiaries in finance and IT command premium valuations,
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Feb 5, 2024 | 
economictimes.indiatimes.com | Priyanka Salve |Alekh Angre
Paytm karo, ya naa karo! After a more than 43% crash in the stock price, it is natural to see broking firms rushing to downgrade Paytm. The shares plummeted after the Reserve Bank of India (RBI) directed Paytm Payments Bank (PPBL) to stop deposits or credit transactions and top-ups in any customer account post February 29, 2024. Brokerages feel the reputational damage on Paytm will be difficult to manage and revoking RBI measures will not be
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Jan 23, 2024 | 
economictimes.indiatimes.com | Priyanka Salve
Gautam Adani, founder and chairman of the Adani Group. SynopsisMost Adani Group companies are yet to fully recover from the damage done by the Hindenburg Research report. While their financials have improved during this period, investors seem to be cautious as valuations still look stretched.
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Jan 14, 2024 | 
economictimes.indiatimes.com | Priyanka Salve
Gaurav Pandey, managing director and chief executive officer, Godrej properties; image credit: Company. SynopsisFrom a traditional valuation perspective, shares of Godrej Properties may look expensive. However, given its vast land bank and strong project pipeline, the realty company has the potential to continue outperforming the benchmark indices. Should you buy at current levels? How do you value a company with negative free cash flows?
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Dec 26, 2023 | 
economictimes.indiatimes.com | Shobha Mathur |Mugdha Variyar |Priyanka Salve
SynopsisIn Primeshots today: FAME II may be extended; InCred turns unicorn; and Godrej Properties strikes gold. EV sops This just in. The government is considering extension of the FAME II scheme to FY25. Hidden in plain sight. Since the government introduced the Production Linked Incentive (PLI) scheme — initially for three sectors which was scaled up to 14 sectors this year — large organised EV players have received considerable sops for local manufacturing.
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Dec 20, 2023 | 
economictimes.indiatimes.com | Priyanka Salve
Krishna Bodanapu, executive vice chairman and managing director, Cyient: image credit: Special Arrangement. SynopsisThe Cyient stock hit an all-time high on Tuesday and has been a consistent outperformer over a year. The company’s revenues from sustainability segment have risen from 15.4% in FY22 to 22.1% in FY23. The trend should continue in FY24 too. However, the MF stake in the stock has fallen. What has made investors backtrack their bet on Cyient? Do you believe in climate change?
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Dec 13, 2023 | 
economictimes.indiatimes.com | Alekh Angre |Priyanka Salve
A typical Indian household uses 12% of its annual income to meet its debt obligations, compared to a median of 8% by 18 other nations. SynopsisET Prime dived deep to analyse Nifty 500 companies and found that labour costs for IT and manufacturing companies have fallen or remained stagnant at best in the past five years. At the same time, wage growth hasn’t been able to keep up with inflation growth. More employees are resorting to loans to meet expenses.
