Author: Supriya Jena

  • Top Stock Recommendations for 2024: Sagility, ABDL & IndiGo”

    Top Stock Recommendations for 2024: Sagility, ABDL & IndiGo”

    Top brokerage firms are giving fresh recommendations on some stocks that could grow well over the next year. Here’s what they’re saying:

    JPMorgan on Sagility: Great Growth Ahead!
    JPMorgan starts off with a positive rating for Sagility, giving it an “Overweight” status. They’ve set a target price of Rs 54, which is a 17% increase from its current price of Rs 46. Sagility is known for its unique role in the healthcare field and is expected to see strong earnings growth thanks to more healthcare services being outsourced in the US. With high profit margins and steady earnings predicted, Sagility is looking good for the future!

    Mirae Asset Sharekhan Says “Yes” to Allied Blenders
    Mirae Asset Sharekhan continues to support Allied Blenders and Distillers (ABDL), setting a target price of Rs 495, which is a 21% jump from the current price of Rs 406. The company is making yummy premium drinks like gin and vodka, which are getting popular. With improved profit margins and strong sales expected in the future, ABDL appears to be a solid choice for investors.

    Elara Securities Upgrades InterGlobe Aviation: Buy Now!
    Elara Securities thinks it’s a good time to buy InterGlobe Aviation (IndiGo). They raised their rating and set a target price of Rs 5,309, suggesting a 19% rise from the current price of Rs 4,440. Although India’s aviation market faced some slowdowns, it’s poised for a powerful recovery soon with new airports and returning flights. This makes IndiGo a stock to consider!

    Always remember that financial advice can vary, and what experts say might not work for everyone. Always do your homework before investing!

  • Tata Group to Launch $2 Billion IPO for Tata Capital – Shares Jump 8%!”

    Tata Group to Launch $2 Billion IPO for Tata Capital – Shares Jump 8%!”

    Shares in Tata Investment Corporation, a part of the Tata Group, went up by 8% on Tuesday! Why? Because there are reports that Tata Group is planning to bring Tata Capital public with a big $2-billion Initial Public Offering (IPO).

    Tata Group has given its approval to Kotak Investment Banking to start this process after a meeting. They also plan to hire more bankers by January! According to the Reserve Bank of India, Tata Sons and Tata Capital must become publicly listed before September 2025. Tata Sons owns about 93% of Tata Capital.

    In the unlisted market, Tata Capital’s share price has jumped significantly, from Rs 450 last December to Rs 900 now. This puts the company’s value at Rs 3.5 lakh crore, based on 3.74 billion shares by the end of the financial year 2024.

    If everything goes well, this will be the first public offer from Tata since Tata Technologies, which caught a lot of attention from investors. Tata Capital shares are in high demand even in the unlisted market, with prices above Rs 1,100, according to reports.

    Tata Capital is an important financial company in the Tata Group and is part of Tata Sons. It offers various financial services like loans, wealth management, and more.

  • PG Electroplast Partners with Whirlpool: Exciting News on Washing Machines

    PG Electroplast Partners with Whirlpool: Exciting News on Washing Machines

    PG Electroplast, or PGEL, has exciting news! The company has signed an agreement with Whirlpool of India to produce some washing machines with the Whirlpool brand name. This partnership means that PGEL will build these washers at their factory in Roorkee.

    PGEL is already known for making Whirlpool-branded air conditioners, and now they are expanding their work together. Vikas Gupta, PGEL’s Managing Director, expressed his happiness about this partnership. He believes it will help both companies grow and create better products for customers.

    PG Electroplast is a major player in the manufacturing world, providing services for many big electronics and consumer brands in India. They specialize in making items like air conditioners, washing machines, air coolers, and LED TVs.

    The news has had a positive impact on PGEL’s stock price. In fact, PGEL shares have skyrocketed by over 293% in the past year and about 304% this year alone. On Monday, their shares closed at Rs 964.15 on the BSE, reaching a 5% increase

  • Shyam Benegal: Iconic Filmmaker Passes Away, Leaving a Lasting Legacy”

    Shyam Benegal: Iconic Filmmaker Passes Away, Leaving a Lasting Legacy”

    Shyam Benegal, a legendary director of Indian movies, passed away at the age of 90 on Monday. He died at 6:38 PM at Wockhardt Hospital in Mumbai after struggling with kidney disease for several years. His daughter, Pia Benegal, shared that his condition had worsened recently.

    Just nine days earlier, on his 90th birthday, many actors he had worked with came together to celebrate him, making it a special farewell to a man who had given them some of their best roles. He is survived by his wife, Nira Benegal, and his daughter.

    Many people are paying tribute to Mr. Benegal. President Droupadi Murmu and Prime Minister Narendra Modi expressed sadness, saying his unique style of storytelling had changed Indian cinema forever. Political leaders, movie stars, and fans described him as a master of storytelling who inspired many. President Murmu praised his work in creating new types of films and helping many actors shine. He received many awards, including the prestigious Dadasaheb Phalke Award and the Padma Bhushan.

    Filmmaker Shekhar Kapur remembered Benegal as someone who redirected Indian cinema with famous films like “Ankur” and “Manthan.” Actor Manoj Bajpayee said Benegal was a visionary talent who inspired many and redefined storytelling. Similarly, actors like Akshay Kumar and Kajol shared their sorrow and thanked him for his impactful cinema.

    Chiranjeevi, a superstar and politician, expressed his sadness, calling Benegal one of the brightest talents in India. Many leaders from various states also shared their condolences, mourning the loss of this influential filmmaker. His passing leaves a big gap in the art of filmmaking in India, as he inspired countless people.

    Shyam Benegal will be remembered for his amazing contributions to cinema and his ability to touch hearts with his stories. Rest in peace, Shyam Babu.

  • Bharat Forge Invests $64.5 Million in Subsidiary Amid Market Changes

    Bharat Forge Invests $64.5 Million in Subsidiary Amid Market Changes

    Bharat Forge’s shares are likely to be in the spotlight today because the company has announced a big investment of $64.50 million in its subsidiary, Bharat Forge America (BFA).

    According to a company statement, the Investment Committee met on December 23, 2024, and approved this investment. Here’s how they plan to use the money:

    – $19.50 million will stay with BFA.
    – $30 million will go into Bharat Forge Aluminum USA, which is fully owned by BFA.
    – $15 million will be used for Bharat Forge PMT Technologie, another fully owned subsidiary of BFA.

    This funding will help BFA and its subsidiaries pay off some of their existing loans.

    Looking at the stock performance, Bharat Forge shares have gone up by 7.9% over the last year and about 4% in the current calendar year. However, its stock has dropped recently, down 26% in the last 6 months and 18.11% over the past 3 months.

    Currently, Bharat Forge shares are showing a relative strength index (RSI) near 39, which is just above the “oversold” level, indicating that the stock might be a good opportunity. On Monday, the stock closed 1.3% higher at Rs 1,296.40 on the Bombay Stock Exchange.

  • NACDAC Infrastructure IPO: Record Subscription & Exciting Debut Today!”

    NACDAC Infrastructure IPO: Record Subscription & Exciting Debut Today!”

    NACDAC Infrastructure is making a big splash today as its shares start trading on the NSE SME platform! This company set a record as one of the most subscribed in the SME world, with people eager to buy its shares. Before the shares began trading, they had a grey market premium (GMP) of Rs 52, which means people were willing to pay a lot more than the issue price of Rs 42—about 140% more!

    Because of rules, the most anyone can gain when the shares debut is capped at 90%. If trends hold up, the stock could have huge gains on its first day. It’s important to remember that grey market prices can change fast and only show how popular shares are before they officially list.

    NACDAC Infrastructure aimed to raise Rs 10 crore through its IPO but got bids worth a massive Rs 14,386 crore—nearly 2000 times what they were looking for! They offered 20.8 lakh shares, but people wanted 411 crore shares! Retail and individual investors were especially excited, bidding 2500 and 2600 times, respectively.

    The company said it would use the money for day-to-day needs and other business purposes. NACDAC is a construction company that does a lot of different jobs like building tall buildings, handling electrical work, creating steel structures, and making bridges. They focus on delivering quality and have over 10 years of experience, working on 63 projects worth almost Rs 97 crore.

    In June 2024, NACDAC reported revenues of Rs 13.71 crore and a net profit of Rs 1.6 crore.

  • Strengthening U.S.-India Ties Ahead of Jaishankar’s December Visit”

    Strengthening U.S.-India Ties Ahead of Jaishankar’s December Visit”

    Ahead of External Affairs Minister S. Jaishankar’s trip to the United States, India’s Foreign Secretary Vikram Misri met with key American diplomats on Monday. They talked about important topics between the two countries and other global issues. Jaishankar will be in the U.S. from December 24-29, as announced by the Ministry of External Affairs (MEA). During his visit, he will discuss these important matters with his American counterparts.

    On the day before Jaishankar’s trip, Misri had meetings with Deputy Secretary of State Kurt Campbell and Deputy Secretary for Management Richard Verma at the State Department. India’s Ambassador to the U.S., Vinay Mohan Kwatra, was also there. Verma expressed excitement for the continued growth of U.S.-India relations, highlighting a foundation of trust, shared values, and overall prosperity.

    Earlier that day, Verma had a gathering with Indian think tank experts and U.S. officials to discuss progress in trade, defense, cultural ties, and global cooperation.

    Verma shared interesting facts about U.S.-India relations:
    – Trade between the two countries has grown from USD 20 billion in 2000 to USD 195 billion in 2023, and it’s expected to pass the USD 200 billion mark in 2024.
    – Defense trade has risen from zero to USD 24 billion in the same time.
    – The number of Indian students studying in the U.S. has jumped from 54,664 in 2000 to over 330,000 in 2023.
    – The Indian diaspora in the U.S. went from 1.9 million to over 5 million people.
    – The Biden-Harris administration has hired a record 130 Indian Americans for senior roles.
    – India is now the U.S.’s top partner for military exercises, and the U.S. sends the most money back to India.
    – One out of every five ‘unicorns’ (startups valued at over $1 billion) in the U.S. has Indian founders or co-founders.

    There are plans to open two new Indian consulates in Los Angeles and Boston, and the U.S. is also planning to open consulates in Bengaluru and Ahmedabad.

  • Honda Stock Surges After $7 Billion Buyback and Merger Talks with Nissan

    Honda Stock Surges After $7 Billion Buyback and Merger Talks with Nissan

    Honda’s stock jumped over 16% on Tuesday after the big news of a buyback valued at up to 1.1 trillion yen, or about $7 billion. This announcement came right after Honda and its struggling competitor, Nissan, revealed they will start talking about merging. This move is seen as a way for both companies to better compete with Chinese car makers and Tesla in the electric vehicle market.

  • PM Modi Meets Economists: Key Budget Insights for India’s Growth

    PM Modi Meets Economists: Key Budget Insights for India’s Growth

    Prime Minister Narendra Modi is going to speak with experts about the economy on Tuesday. This meeting comes just before his government’s first complete budget for its third term, expected to be shared on February 1. Finance Minister Nirmala Sitharaman had presented the last budget for the year 2024 in July when Modi’s government won its third term.

    This meeting is important because there are concerns about India’s slowing economy and reduced spending by people. The economy grew only 5.4% in the last quarter, which is the lowest growth in over two years. People are eager to see if the budget will include ideas to boost growth, encourage spending, and incentivize private businesses to invest.

    The budget will also be monitored for any actions in response to former U.S. President Donald Trump, especially since he might impose new tariffs on countries like India. This situation has led many experts to lower their growth forecasts for India. For example, the Asian Development Bank has reduced its growth expectation for India in 2025 from 7% to 6.5%, and Goldman Sachs has revised its figure from 6.5% to 6.4%.

    Despite a strong growth of 8.2% in 2024, high retail inflation means that the Reserve Bank of India is unlikely to lower interest rates to stimulate the economy. HDFC Bank noted that India’s future economic outlook is a mix of hope and uncertainty, with macroeconomic fundamentals appearing strong but facing unpredictable global challenges.

    Sitharaman has already talked to key players, including economists and business groups, about the budget. While the upcoming budget will be a main focus of Modi’s meeting with economists, long-term strategies needed to make India a developed nation as per the Prime Minister’s vision might also be discussed

  • Xiaomi Revolutionizes Digital Economy with Innovative Solutions”

    Xiaomi Revolutionizes Digital Economy with Innovative Solutions”

    On December 16, a special event called the Xiaomi Internet Partner Conference took place in New Delhi. Important people from the tech world, like developers, advertisers, and industry leaders, got together to discuss how to create a better digital shopping environment.

    Nitesh Trivedi, who leads Xiaomi’s internet business in India and South Asia, said that Xiaomi is focused on creating a strong network of devices and services. Their platform, HyperOS, connects different devices and improves user experiences. Xiaomi offers tools like GetApps, Mi Ads, and PatchWall to help businesses grow through better advertising and engaging content.

    Trivedi mentioned that India has one of the fastest-growing digital economies, with over 900 million people online. Xiaomi’s goal is to help both partners and users succeed through their “Grow with Xiaomi” strategy, which focuses on providing a helpful and open digital ecosystem.

    Xiaomi’s GetApps allows developers to present their apps more effectively, making it easy for users to access services right from their home screens without needing downloads. This approach helps businesses reach more customers.

    In addition, the Mi Ads system helps advertisers use smart technology to better understand their audience and improve their advertisements, which ultimately lowers costs and boosts results.

    PatchWall is Xiaomi’s platform that improves content discovery on TVs. It helps users find what they want to watch and provides advertisers with better opportunities to engage with these viewers, especially during big events like the IPL and ICC Cricket World Cup.

    Trivedi concluded that Xiaomi’s ecosystem is designed to help partners grow by connecting smart advertisements with their app ecosystem, making it easier for everyone to find success in India’s fast-growing digital world.