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Mar 17, 2024 | 
economictimes.indiatimes.com | Varsha Santosh
A block deal that will benefit investors. British American Tobacco (BAT), the dominant shareholder in ITC, has sold 3.5% of its stake in the company through bulk and block deals for an average price of INR400. The stock currently trades at INR420 levels. BAT previously held 29% stake in ITC and the recent sell-off has pushed down the shareholding to 25.5%. Owing to the stake sale the stock was recently up on intraday basis by 4.5% when the
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Mar 16, 2024 | 
economictimes.indiatimes.com | Varsha Santosh |Pravin Palande
What do you see when you scan through top small-cap stocks that have given the best returns in the last one year? Extremely high volatility. So, should you sell your holding? Well, these stocks have low profitability ratios but weak fundamentals with hardly any institutional holding. In most cases, these businesses are not scalable. These stocks often go up very fast but also experience sudden falls. So, you should book profit as soon as that
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Feb 26, 2024 | 
economictimes.indiatimes.com | Manu Toms |Varsha Santosh
“Single trick pony” is usually a pejorative phrase. Now flip it around. It means extreme focus. In an interview published in The Economic Times on February 26, Uber CEO Dara Khosrowshahi said that Uber’s path to profitability in India is in clear sight. “We can be profitable in India tomorrow if that was the direction I gave to the teams but based on what I see in terms of the potential, it would be a wrong move ... Short-term profits aren’t the
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Feb 19, 2024 | 
economictimes.indiatimes.com | Varsha Santosh |Pravin Palande
Mutual funds are usually good at timing their new fund offers (NFOs). But when Quant Mutual Fund launched its PSU NFO on February 2, 2024, little did the fund managers know that the index was headed for a big fall. The Nifty PSE Index fell close to 4% on February 12. Between February 9 and February 13, the top three stocks (NTPC, Power Grid Corp, and ONGC) which account for 35% of the index, were down by around 6%. While on Monday these stocks
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Feb 15, 2024 | 
economictimes.indiatimes.com | Sunny Verma |Varsha Santosh
Is it a good time to invest in steel stocks? Over the last one year, Tata Steel is up 30% against Nifty 50’s 20% gains. Even on a six-month basis, the company has outperformed the broad index and its peers. On the other hand, Nucor, one of the largest steel companies, has returned 6% for the same period. So, why are steel stocks going up when international prices are down? According to experts, it is due to the Indian economy, which is on a
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Feb 11, 2024 | 
economictimes.indiatimes.com | Varsha Santosh
There’s a big question staring at the Trent stock: At a price–earnings (PE) ratio of 150x, is it a buy? Experts agree that the Tata Group company, one of the leading players in the branded-retail industry in India, is expensive at present valuations but has many positives that cannot be ignored. Just to name a few: it is operating on stellar margins and has a brand that is expected to grow in new cities and become a roaring success. While
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Feb 6, 2024 | 
economictimes.indiatimes.com | Himadri Buch |Varsha Santosh
Zerodha Mutual Fund has recently launched its Nifty 1D Rate Liquid ETF among two other fund offerings. Mirae Asset has also launched Nifty 1D Rate Liquid ETF just last year. These are extremely short-duration funds with an ideal holding period of one day to a week. The idea is to attract corporates who want to park in their surplus money in short-term low-risk products. So far, retail investors have stayed away from this category as these funds
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Jan 16, 2024 | 
economictimes.indiatimes.com | Varsha Santosh
SynopsisInfosys and TCS reported Q3 results last week, and their stocks closed higher by 8% and 4%, respectively, the next day. Other IT stocks, too, which were experiencing muted growth, witnessed a stellar run on the bourses. ET Prime analyses if the worst is over for the IT sector. It is not often that you find a brokerage house having different views on two market leaders from the same industry. The big names here are TCS and Infosys.
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Jan 9, 2024 | 
economictimes.indiatimes.com | Varsha Santosh
SynopsisDespite India’s robust economic growth, vibrant real-estate sector, and the government’s massive infrastructure push, metal stocks have lagged the benchmark equity indices. Will they play catch-up? In the Indian stock market, underperformance has been an exception rather than the norm at least over the last one-year period. With the benchmark Sensex and the Nifty 50 going on a record-breaking spree in 2023, most sectoral indices exhibited outperformance.
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Jan 2, 2024 | 
economictimes.indiatimes.com | Varsha Santosh |Pravin Palande
AI illustration by Sadhana SaxenaSynopsisWhile the small- and mid-cap space is overheated and market experts have been advising investors to exercise caution, the prolonged bull run has seen many blue chip stocks too entering the expensive territory. With metal and gold prices signalling firmness ahead, calendar 2024 could see a major shift in investment themes.
