Focus needs to be on investment-led inclusive growth: CII President
Sun, Jun 16, 2024 1:28 PM

Focus needs to be on investment-led inclusive growth: CII President

CII President Sanjiv Puri emphasized the need for investment-led inclusive growth, citing India's 8.2% growth in FY24 despite global challenges. He highlighted the importance of increasing private sector investment, which has risen to 23.8% of GDP, surpassing pre-Covid levels. Puri also stressed the need for India to integrate deeper into global value chains, leveraging the China+1 strategy.

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Income tax relief for those in lowest slab: CII
Sun, Jun 16, 2024 1:11 PM

Income tax relief for those in lowest slab: CII

The CII suggests considering income tax relief for low-income earners in the upcoming 2024-25 budget, citing high inflation. The industry body also recommends simplifying tax structures, rationalizing capital gains, and reducing customs rates. CII estimates inflation to be around 4.5% this year, and expects the RBI to cut interest rates in the second half of the financial year.

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Nvidia's 10-for-1 Stock Split Is Over. Here's What's Next for the Stock.
Sun, Jun 16, 2024 1:09 PM

Nvidia's 10-for-1 Stock Split Is Over. Here's What's Next for the Stock.

Nvidia's stock has surged nearly 800% in the past year, driven by its leading position in artificial intelligence (AI) and graphics processing units (GPUs). The company's data center segment, which includes AI processors, grew 217% to $47.5 billion in fiscal 2024. With a market cap of over $1 trillion, Nvidia's stock split has added nearly $1 trillion to its value.

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Got $5,000? 3 Tech Stocks to Buy and Hold for the Long Term
Sun, Jun 16, 2024 1:08 PM

Got $5,000? 3 Tech Stocks to Buy and Hold for the Long Term

3 tech stocks are poised to benefit from the AI boom: 📌Nvidia, 📌Taiwan Semiconductor Manufacturing, & 📌ASML. ⏩Nvidia's GPUs power AI training and inference, with a forward P/E ratio of 48. ⏩Taiwan Semiconductor Manufacturing expands capacity, with a forward P/E ratio of 27. ⏩ASML makes equipment for chipmaking, with a forward P/E ratio of 49, expected to drop to 32 with surging revenue.

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Apple Stock: Buy, Sell, or Hold?
Sun, Jun 16, 2024 1:07 PM

Apple Stock: Buy, Sell, or Hold?

Apple's stock hit an all-time high after unveiling Apple Intelligence, expanding into the generative AI market. In its latest quarter, Apple generated 51% of its revenue from iPhone sales and 26% from services. Despite declining iPhone and Mac sales, Apple's services revenue grew 13% year-over-year. With $162 billion in cash and equivalents, Apple has room for investments, acquisitions.

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FPIs inject Rs 11,730 crore into Indian stocks amid upbeat market signals
Sun, Jun 16, 2024 12:37 PM

FPIs inject Rs 11,730 crore into Indian stocks amid upbeat market signals

Foreign investors injected a net Rs 11,730 crore (USD 1.4 billion) into the Indian market in the week ending July 14, reversing a previous outflow of Rs 14,794 crore. The inflow was driven by positive domestic and global market signals, including lower US inflation and a stable Indian government. This brings the net outflow for the month to Rs 3,064 crore.

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Proposal to extend Delhi metro's red line approved
Sun, Jun 16, 2024 12:34 PM

Proposal to extend Delhi metro's red line approved

The Public Investment Board has cleared the Delhi Metro corridor proposal, valued at ₹6,231 crore, which will connect Delhi, Uttar Pradesh, and Haryana, ensuring seamless inter-state connectivity. The Delhi portion, estimated at ₹5,685 crore, will be borne by the central government (40%), DDA (₹1,000 crore), and bilateral/multilateral loans (37.5%).

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Greater Noida authority hikes land allocation rates by 5.30% in FY25
Sun, Jun 16, 2024 12:34 PM

Greater Noida authority hikes land allocation rates by 5.30% in FY25

The Greater Noida Industrial Development Authority (GNIDA) has approved a 5.30% increase in land allocation rates for 2024-25, effective from April 1. The rate hike is described as "modest" and will apply to industrial, residential, commercial, institutional, and builder properties. The authority has also revised its one-time lease rent payment scheme, and approved additional Floor Area Ratio.

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PDST Stock Rallied 20% in Just 1 Day, Hits Upper Circuit, and 52-Week High
Sun, Jun 16, 2024 12:33 PM

PDST Stock Rallied 20% in Just 1 Day, Hits Upper Circuit, and 52-Week High

On Friday the share of Paras Defence and Space Technologies opened at Rs 971.25 per share, compared to Thursday's closing figure of Rs 964.40 per share on the BSE. Finally, the shares closed the day at Rs 1157.25 per share on the BSE. The stock has reached the upper circuit price limit of 20 per cent, reflecting strong demand in the market with no sellers willing to offer shares.

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Multibagger MDL stock gains 17.7% & made a fresh new 52-week high
Sun, Jun 16, 2024 12:31 PM

Multibagger MDL stock gains 17.7% & made a fresh new 52-week high

On Friday, shares of Mazagon Dock Shipbuilders Limited (MDL) gained 17.70 per cent and to an intraday high & fresh new 52-week high of Rs 3,989 per share from its previous closing of Rs 3,389.05. At the closing bell, shares of the company were trading at Rs 3,874.65 per share, up 14.33 per cent with a spurt in volume by more than 3.32 times on BSE.

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Amaravati real estate prices poised to skyrocket under new AP govt
Sun, Jun 16, 2024 12:13 PM

Amaravati real estate prices poised to skyrocket under new AP govt

Real estate prices in Andhra Pradesh's Amaravati region are set to surge, with land prices already rising from ₹15K to ₹25K per sq yard. CREDAI predicts a yearly increase, prices expected to double in 18 months. With 50k acres of land inventory available, the govt's infra development is expected to catalyze private investment leading to a real estate boom, with prices potentially tripling by 2025.

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Emkay Global raises Dabur's target price to Rs 700!
Sun, Jun 16, 2024 12:09 PM

Emkay Global raises Dabur's target price to Rs 700!

Emkay Global raised Dabur India's TP to Rs 700, citing optimism about consumption revival and confidence in the company's execution. The firm expects Dabur to benefit from steady distribution expansion, innovation, & liquidity for acquisitions, making it their top consumption pick. The stock partially factored in potential demand recovery, but Emkay sees Dabur for any consumption revival.

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Will Nifty touch 24,000 this week? Top 5 factors at play
Sun, Jun 16, 2024 11:55 AM

Will Nifty touch 24,000 this week? Top 5 factors at play

The Nifty index remains within a narrow range of 23,200-23,500, with a potential breakout above 23,600 leading to a rally up to 24,000. Key factors influencing the market this week include ⏩Global markets, ⏩Macro cues, ⏩FII flow, ⏩Govt &⏩Technicals. Meanwhile, FII selling has reduced, & retail investors are eager to buy every dip, but FPIs may turn sellers again if the market rallies further.

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ixigo Listing: Stock expected to list at 30% premium to IPO price on Jun 18
Sun, Jun 16, 2024 11:53 AM

ixigo Listing: Stock expected to list at 30% premium to IPO price on Jun 18

Le Travenues Technology, the parent company of Ixigo, is expected to make a strong debut on the stock exchange, listing at a 30% premium from its issue price of Rs 93 per share, valuing at around Rs 120-125 per share. The IPO has a total size of Rs 720 crore, comprising a fresh issue of Rs 120 crore and an offer for sale of Rs 620 crore.

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Mahindra group may join hands with global players for cell production: MD
Sun, Jun 16, 2024 11:51 AM

Mahindra group may join hands with global players for cell production: MD

Mahindra Group is seeking partnerships with global players to produce battery cells in India, enabling local production and catering to the expected increase in electric vehicle demand. The company aims to list its electric vehicle arm, Mahindra Electric Automobile Ltd, by 2030, with plans to introduce 23 new vehicles, including 7 battery electric vehicles, by 2030.

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