[ad_1] Global brokerage firm Jefferies has downgraded shares of Blue Star Ltd. to ‘Hold’ from its earlier rating of ‘Buy’. The brokerage has a price target of ₹2,340 per share, indicating a potential upside of 5% from the stock’s closing levels on Monday. Company Value Change %Change The foreign brokerage cited limited upside potential after […]
Earnings hit by monsoon and elections, but hope floats: SBI MF fund manager – CNBC TV18
[ad_1] Earnings growth has faced challenges in recent quarters, Rohit Shimpi, Fund Manager at SBI Mutual Fund said at CNBC TV18’s Market Townhall today, December 18. He highlighted that the slowdown is primarily driven by two factors: The impact of the monsoon and the election-related slowdown. Company Value Change %Change Shimpi explained, “Earnings have not […]
Consumer durables see 10% festive boost, led by premium segment and financing offers – CNBC TV18
[ad_1] Sales in the consumer durables segment have grown by 10% ahead of Diwali, though they have not reached last year’s levels. Industry sources indicate that the premium segment has driven this growth, fueled by product upgrades and attractive financing options. Feedback from consumer durable makers reflects a mixed response this season. Many characterise sales […]
Trust MF CIO explains strategy behind new small cap fund amid valuation worries in the space – CNBC TV18
[ad_1] Trust MF has launched a new small-cap fund amid concerns about expensive valuations in the space, with some stocks trading at 25-30% premium to the broader market. In an interview with CNBC-TV18, Chief Investment Officer, Mihir Vora, who manages over ₹1,700 crore in funds, explained that not all small caps are overpriced. Also, the […]
Motilal Oswal predicts 10-12% earnings growth for Nifty companies in FY25 – CNBC TV18
[ad_1] Motilal Oswal Financial Services, projects a promising trajectory for Nifty companies, forecasting an earnings growth of 10-12% for FY25. Despite a muted start to the year, Gautam Duggad, Head of Research, Institutional Equities at Motilal Oswal, remains optimistic, citing this growth as moderate yet reasonable given the strong base of 30% earnings growth from the […]