News Headlines

Why steel stocks are showing resilience amid weakness in broader market

According to Morgan Stanley’s regional analysts, Chinese supply cut may be up to 2.3%, twice than the earlier expectation. Synopsis A strong rebound in demand and supply cuts in China owing to environmental concerns are major factors keeping the steel prices buoyant. ET Intelligence Group: Steel stocks including Tata Steel and JSW Steel hit a […]

Budget 2020

Can’t rule out volatility; earnings to decide market trajectory: Shibani Sircar Kurian

“We will have to wait and watch the management commentary for margins in FY22”, says Shibani Sircar Kurian, Senior EVP, Fund Manager & Head -Equity Research, Kotak Mahindra AMC. What is your market view? Are we in for some sideways and long consolidation given what has happened to the dollar index and how yields have […]

Budget 2020

Look for stocks that won’t disappoint on earnings: Sanjay Mookim, JP Morgan

Sanjay Mookim, Head of Research, JP Morgan, says that in the near term, the sequential growth in the Indian economy is likely to stagnate a little bit which will lead to broader-based earnings downgrades for the market. There seems to be a departure from the assumptions of 1st of January that interest rates will remain […]

News Headlines

UBS executives earn bigger pot in 2020 pandemic year

UBS executives collected compensation of 115.9 million Swiss francs ($124.78 million) in 2020, up from 102.1 million francs for the year before the pandemic hit. Former Chief Executive Sergio Ermotti, who left the bank in October, was awared a total 13.3 million francs in salary and bonuses for the first ten months of the year, […]

Budget 2020

Depolarisation, rise in corporate earnings work well for DSP Equal Nifty 50 Fund

Investors looking for a low-cost, smart beta product that will benefit from depolarisation in the Nifty 50 as corporate earnings pick up can consider the DSP Equal Nifty 50 fund. The fund is passively managed and has the same constituents as the Nifty 50, with a 2% allocation to each stock. As the stock market […]

Budget 2020

GlaxoSmithKline Pharmaceuticals Q3 results: Reports net profit of Rs 157 cr

on Friday said it has registered a consolidated net profit of Rs 156.51 crore for the third quarter ended December.The company had reported a net loss of Rs 661.16 crore in the October-December period of 2019-20. Revenue from operations rose by 10 per cent to Rs 857.20 crore during the third quarter as against Rs […]

Budget 2020

Shriram Transport Q3 results: Profit falls 17% on additional pandemic provision

Shriram Transport Finance Company on Thursday reported 17 per cent decline in net profit at Rs 727.72 crore for December quarter 2020-21 as it made additional provisions related to the COVID-19 pandemic. The key net interest income rose to Rs 2,148.22 crore from Rs 2,113.75 crore in the same period of the previous year. The […]

Budget 2020

JK Paper Q3 results: Net profit dips 51% to Rs 65 cr

JK Paper Ltd on Wednesday reported a decline of 51 per cent in its consolidated net profit at Rs 64.59 crore for the third quarter ended December. The company had posted a net profit of Rs 131.85 crore in the October-December quarter a year ago, JK Paper said in a regulatory filing. Its total income […]