Wed, Feb 10, 2021 10:00 PM
Nureca Limited IPO - Competitive Strengths (Opening on Feb 15, 2021)
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DNYA recession by early next year could send stocks down 30%, says BCA strategist Roukaya Ibrahim. Continued unemployment and headwinds from China's limping economy will be drivers of a downturn. Wall Street veteran Gary Shilling holds a similar forecast, he told BI this week. There are two factors signaling a recession by year-end or early 2025, and a downturn could spark a 30% correction.
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In order to find businesses to buy, investors can think more like consumers. Think about the places where you shop, for example, to come up with valuable stock ideas. Perhaps two companies that might immediately come to mind are Costco (NASDAQ: COST) and Home Depot (NYSE: HD). Which of these top retail stocks should be in your portfolio?
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The Indian engineering and construction giant Larsen & Toubro reported a 10.3% year-on-year (YoY) increase in net profit at ₹4,396 crore for the fourth quarter that ended March 31, 2024. Shares of Larsen and Toubro Ltd ended at ₹3,485.20, up by ₹52.40, or 1.53%, on the BSE. The board of directors has recommended a final dividend of ₹28 per share of face value of ₹2 for FY24.
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