Budget 2020

Pick up IT & auto stocks if market falls 5-10%: Deepak Shenoy

I would avoid FMCG and a lot of the pharma pack but pick up IT and auto and auto ancillaries if they were to come down another 5% or 10%, says Deepak Shenoy, Founder, Capital Mind. How are you advising clients to play the volatility in the markets?To be fair, there is a small correction […]

News Headlines

Why L&T rally looks more sustainable after Budget

L&T’s operating profit growth trailed the revenue growth in the past few years due to aggressive bids. This may however change given the rising share of domestic orders lower competition. Synopsis Historically, L&T has won one out of four medium and large size orders it bid for. In the first nine month of FY21, L&T […]

Budget 2020

L&T arm wins $100 mn deal from oil firm

L&T Technology Services Ltd. (LTTS), an engineering services firm, won a five-year engagement, with a potential value of more than $100 million, from a global oil and gas major, said the company. Under the engagement, LTTS would be the primary engineering partner for the client and support two of its integrated refining and chemical manufacturing […]

Budget 2020

D-Street veteran Ramesh Damani shares his magic formula for stock picking

Veteran investor Ramesh Damani says time spent with high quality businesses is more important for wealth creation than timing the market. Speaking at a webinar, the market veteran said benchmark equity Sensex was somewhere around the 800-mark in 1987-88 when he joined the markets. Now, it is hovering at record high levels of over 44,500 […]

Budget 2020

L&T bags ₹3,166 crore Brahmaputra bridge project

The 20 km, 4-lane bridge will be the country’s longest road bridge to be built over a river Larsen & Toubro Ltd. (L&T) has emerged as the lowest bidder (L1) at ₹3166 crore to construct a 20 km, 4-lane bridge across the river Brahmaputra, the country’s longest road bridge to be built over a river, […]