[ad_1] Foreign brokerages including Goldman Sachs and Citi reduced their target prices on Ola Electric Mobility after lower-than-expected performance in the December quarter. The net loss of the electric vehicle manufacturer widened during the quarter to ₹564 core, against ₹376 crore reported a year ago. Company Value Change %Change While Citi revised its 12-month target […]
BPCL MD on impact of Russia sanctions, Trump’s oil policy, and hope for LPG subsidy – CNBC TV18
[ad_1] Bharat Petroleum Corporation (BPCL) could face a short-term impact of 1-2 months on its operations as it adjusts its crude oil sourcing mix amid the evolving geopolitical situation. With sanctions on Russian crude oil tightening, the company is rebalancing its purchases by increasing supplies from Saudi Arabia and the United States. However, this shift […]
Ansid Capital recommends private banks, cautions on IT valuations – CNBC TV18
[ad_1] Anurag Singh, Managing Partner at Ansid Capital, recommends focusing on private sector banks and selectively investing in healthcare. He describes the IT sector as ‘expensive’ in terms of valuations. He also suggests allocating 20-30% to bonds for those timing the market, while advocating steady investments in Nifty companies for consistent long-term value. Anurag Singh […]
CNBC-TV18 Morning Call: Zomato hit by GST demand, Gukesh Dommaraju now world’s youngest chess champion – CNBC TV18
[ad_1] 1 / 13 The S&P-500 closed lower in the overnight session due to a rise in November inflation, largely due to producer prices ending at a higher than expected rate (Photo: Reuters). 2 / 13 The US Producer Price Index (PPI), a measurement of producers’ gains at the final stage of demand, increased to […]
What Emkay Investment CIO thinks about Zomato’s valuations, and the sectors he bets on – CNBC TV18
[ad_1] Manish Sonthalia, CIO of Emkay Investment Managers, who manages over ₹700 crore in funds, expects quick commerce player Zomato to deliver positive earnings surprises for the next three years. Sonthalia pointed out that some companies potentially set to be included in the futures and options (F&O) segment are trading at lofty valuations and could […]
Sohum Asset Managers’ CIO on how to approach the market now and top sectoral bets – CNBC TV18
[ad_1] Sanjay Parekh, Founder & CIO of Sohum Asset Managers, which manages over ₹30 crore, says it’s best to approach the market selectively, keeping valuations as the key filter for stock picking. He sees pockets of froth in midcap and smallcap spaces particularly in some themes like defence and railways. “That is where we are […]