When we are double the size of our turnover today, flashlights and lighting should be more than 50%: Eveready Industries MD
Suvamoy Saha of Eveready Industries anticipates rapid growth from the lighting and electrical segment. The company aims to double its turnover in the next few years, focusing on premium products and market regulations for continued success.
Down up to 24% from high, are IT stocks like Infosys a steal deal now or overpriced?
India’s IT stocks are being shunned by institutional investors despite the fact some are up to 25% below their 52-week peak levels. The Nifty IT Index is still trading at a 10% premium compared to its 10-year average valuations, with the likes of IT giants TCS, Infosys, HCL Tech, Wipro and Tech Mahindra still trading […]
ICICI Bank to consider delisting of ICICI Securities on Thursday
In its filing to the exchanges on Monday ahead of market opening hours, the lender said that the proposal to delist ICICI Securities will be in accordance with Sebi (Delisting) regulations.
Hot Stocks: Brokerages on Tata Consumer, Eicher Motors and Asian Paints
Top brokerage firms have initiated buy ratings for Tata Consumer, maintained buy ratings for Eicher Motors and Asian Paints, while maintaining a reduce rating for Dr Reddy’s Laboratories. Citigroup initiated a buy rating for Tata Consumer with a target of Rs 1,020. CLSA maintained a buy rating for Eicher Motors with a target of Rs […]
Stocks to buy today: BHEL, Bharti Airtel among top 9 trading ideas
Indian markets are predicted to trade higher on Monday following optimistic global cues, with Nifty forming higher highs for thirteen weeks. Monthly maximum Call OI is placed at 18,800, while the monthly maximum Put OI is at 18,500. Suggested stocks for short-term traders include Dr. Reddy’s Laboratories, Bharti Airtel, and IndusInd Bank from Chandan Taparia, […]
Positive Breakout: 4 stocks close cross above their 200 DMA
In the NSE list of stocks with a market cap of over Rs 1000 crore, four stocks close prices crossed above their 200 DMA (Daily Moving Averages) on June 23, according to stockedge.com’s technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular […]
Golden Crossovers: 6 stocks signal further bullishness
In the NSE list of stocks, six stocks with a market cap of over Rs 1000 crore are witnessing Golden Crossovers, according to stockedge.com’s technical scan data. Golden Cross is an important technical indicator of bullishness. It occurs when the short-term moving average crosses over the major long-term moving average on the upside. These stocks’ […]
Tomato prices double due to heat, delayed rainfall
The output nosedived due to multiple factors such as high heat, delayed rainfall and lack of interest among farmers to grow the crop as prices had crashed to ₹3-5 per kg in May. Ashok Ganor, a tomato trader from Azadpur wholesale market in Delhi, said, “Tomato prices have doubled in the last two days. Supply […]
Why has India’s corporate tax mop-up failed to match the pace of personal income-tax collection?
India’s corporate tax collection has struggled to keep pace with personal income tax in recent years due to factors such as better compliance, digitisation and wage rises in select service sectors. Since the COVID-19 pandemic began, the formalisation of the economy, better TDS compliance on salaries and a simplified tax regime have all contributed to […]
Cost overruns declined further in May to 19.86%
The anticipated costs of 1,681 projects were Rs 4.8 lakh crore, higher than the original cost of Rs 24.2 lakh crore. Nearly half of the infrastructure projects worth Rs 150 crore and more monitored by the ministry were delayed with respect to the original schedule, of which another 607 were delayed with respect to the […]