Category: Business & Economy

Crompton Greaves shares went down by 1.89% because the Nifty stock market index also fell. Investors are worried about how the economy is doing, which is causing stocks to drop. Many people are keeping an eye on these changes, as they could affect investment decisions. This drop could be a chance for investors to look for better buying opportunities in the future.

In today’s trading, shares of Shriram Finance Ltd. went up by 2.16% to Rs 3083.10 as of 10:05 AM (IST). During this session, the stock reached a high of Rs 3088.55 and a low of Rs 3000.00.

The company shows a good return on equity (ROE) of 15.04%. The traded volume was notable, with a turnover of Rs 1.54 crore by that time.

Looking at the past year, Shriram Finance Ltd. has hit a 52-week high of Rs 3652.15 and a low of Rs 1933.70. The stock’s Beta value is 1.6856, which means it’s more volatile than the market.

As of September 30, 2024, the company’s ownership is as follows: Promoters hold 25.4%, foreign institutional investors (FIIs) own 53.29%, and domestic institutional investors have 16.17%.

In terms of finances, Shriram Finance reported sales of Rs 10,096.68 crore for the quarter ending September 30, 2024. This is a 5.07% increase from the previous quarter and a 13.54% increase compared to the same time last year. The net profit for this latest quarter was Rs 2140.4 crore, which is up 19.84% from one year ago.

India’s economy is growing slower than it has in almost two years, which might hurt the stock market in the short term. In the September quarter, the economy expanded less than expected, and this has made many investors nervous.

Market experts believe that if the Reserve Bank of India (RBI) lowers interest rates or requires banks to keep less money in reserve, the economy could bounce back in the second half of the fiscal year. However, because of worries about the economy and high stock prices, India’s NSE Nifty 50 Index is down about 8% since hitting a record in September. Last month, foreign investors took out $2.6 billion from Indian stocks, following a record pullout in October.

For the first time since Indian bonds entered a key index, there was also money leaving the bond market.

Market Opinions:

– Analysts from Emkay Global Financial Services predict some short-term market weakness but believe much of this was already expected and partly reflected in stock prices. They suggest that a small drop (over 5%) in the Nifty Index could be a good buying opportunity and note that slow economic growth could lead to an RBI rate cut soon.

– Vikas Pershad, a portfolio manager at M&G Investments, remains optimistic, stating India is still a promising long-term growth story despite current setbacks.

– Jefferies Financial Group analysts say that weak GDP numbers are already showing in corporate earnings, but the worst may be over. They think lower interest rates could be on the way, benefitting the economy.

– Currency expert Michael Wan mentions that if the growth slowdown is temporary, it could affect investment flows negatively.

– Barclays analysts expect the RBI to keep interest rates the same in their upcoming meeting, despite recent disappointing GDP figures because inflation is still a concern.

– Sonal Varma from Nomura believes the weak GDP report is crucial for the RBI’s decisions. They expect a slight cut in the interest rate this month to help the banking system.

Overall, while the current growth numbers are worrying, many experts still believe there is hope for a bounce back.

Recently, some big brokerage firms shared their picks and opinions on popular stocks. Here’s what they had to say:

HSBC and Titagarh Rail Systems:
HSBC is feeling positive about Titagarh Rail Systems. They think it’s a good stock to buy. The price target is Rs 1,425, which is an 18% increase from the current price of Rs 1,205. Even though there have been some delays in their projects, the company has chances to win more contracts now that state elections are over.

Morgan Stanley and IndusInd Bank:
Morgan Stanley is being careful about IndusInd Bank. They say to hold it the same (called “equal-weight”) and have a target price of Rs 1,150, which is a 15% rise from the current price of Rs 996. However, the stock has lost 30% of its value recently due to worries about its microfinance loans and earnings expectations. While the situation isn’t entirely bad, they think there are safer options with other major banks.

Axis Capital and Hindustan Unilever (HUL):
Axis Capital is optimistic about Hindustan Unilever. They suggest adding it to your portfolio, with a price target of Rs 2,850, meaning you could see a 14% return from the current price of Rs 2,496. HUL keeps growing, having a strong reach with nearly 9 million stores. The company is aiming to grow its earnings significantly in the future, especially in its ice cream business, which has a lot of growth potential.

(With insights from NiftyStat)
(Disclaimer: The opinions shared belong to the experts and do not reflect the views of the Economic Times)

In a surprising turn of events in Bengaluru, a 29-year-old IT worker named Gautham (not his real name) was tricked into paying Rs 8.1 lakh (about $9,700) after trying to hire an escort online.

The story began when Gautham found the number of a woman named Amrutha Gill on a website called massagerepublic.com. She called herself different names, like Roopa, Kushi, and Sonia, and agreed to meet him for three hours for Rs 15,000 (around $180).

On November 29, Gautham booked a hotel room on Residency Road for their meeting, but when Roopa arrived at 6:15 p.m., he noticed she looked much older than the 18 she had claimed. He paid her Rs 16,000, which included Rs 1,000 for her cab ride, using a payment app.

Things quickly took a strange turn. Roopa suddenly claimed to be an undercover police officer and threatened to arrest Gautham. Shortly after, he received a WhatsApp call from a man named Hitesh Kumar, who said he was an IPS officer and Roopa’s partner. The man claimed Gautham was under “digital arrest” and demanded Rs 10 lakh (around $12,000) to avoid being taken away.

Scared, Gautham told him he didn’t have that much money, but the fake officer threatened to drag him to the police station. Roopa then took Gautham’s credit card and used it to steal Rs 8.1 lakh by sending it to different bank accounts in several payments.

The extortion went on until about 8:30 p.m. When Gautham suggested going to the police to sort things out, Roopa followed him to the hotel reception. He explained everything to the hotel staff and asked them to call the police. Before they could, Roopa panicked, ran out, and even tried to escape by claiming Gautham mistreated her.

As police arrived, she pretended to faint but was quickly caught. Officers helped Gautham contact Niftystat to freeze the accounts linked to the scam.

Later, they discovered Roopa’s real name was Pooja, and she was actually 31 years old, according to her Aadhaar card. She was arrested and taken into custody.

Tata Motors’ shares are expected to attract attention on Monday after the company shared its sales results for November 2024. Overall, Tata Motors sold 74,753 vehicles this month, which is a small increase from 74,172 vehicles sold in November last year. Domestic sales rose by 1%, reaching 73,246 units compared to 72,647 units in November 2023.

Passenger vehicle sales, including electric cars (EVs), saw a 2% rise to 47,117 units, up from 46,143 units a year ago. Domestic passenger vehicle sales, which also include EVs, increased by 2% to 47,063 units from 46,068 units last year.

On the other hand, total sales of commercial vehicles went down by 1%, totaling 27,636 units compared to 28,029 units the previous year.

In the second quarter of Fiscal Year 2025, Tata Motors reported a net profit of Rs 3,343 crore, which is 11.18% lower than last year. The company’s revenue also dropped by 3.5%, reaching Rs 101,450 crore.

The revenue for Jaguar Land Rover (JLR) decreased by 5.6% to £6.5 billion because of temporary supply issues. This also caused the company’s profit margins to fall by 220 basis points to 5.1%. For commercial vehicles, revenue fell by 13.9%, but the profit margin improved to 10.8% because of better pricing and lower material costs. For passenger vehicles, revenue dropped by 3.9%, but the profit margin remained steady at 6.2% due to cost-saving measures and better sales mix.

On Friday, Tata Motors’ shares closed at Rs 786.80, increasing by 0.9%. This was better than the Sensex index, which went up by 0.96%. Despite a drop of 30% in the last three months, the stock has grown by 82% over the last two years. Tata Motors has a market cap of Rs 2,89,638 crore.

(Disclaimer: The opinions shared here are those of the experts and do not reflect the views of NiftyStat.)

Today marks a big day for investors as Property Share Investment Trust (PSIT), India’s first small and medium real estate investment trust (REIT), opens its IPO for subscription. The IPO will be available for bidding until December 4.

This IPO is for a property called PropShare Platina, which is the first plan under PSIT. Small and medium REITs are a new investment option regulated by SEBI, meant for properties valued between ₹50-500 crore.

The funds raised from this IPO will mainly help buy a property named Prestige Tech Platina and will also be used for general business expenses.

Key Dates
– IPO Opens: December 2
– IPO Closes: December 4
– Share Allotment Date: December 5
– Listing Date: December 9

Price Range
You can purchase units in this REIT at a price between ₹10 lakh to ₹10.5 lakh.

About PropShare Platina
PropShare Platina includes 246,935 square feet of office space in a premier building located on the Outer Ring Road (ORR) in Bangalore, which has received a LEED Gold certification. The building is expected to be fully rented to a US tech company for 9 years, with rent increasing by 15% every three years.

The scheme offers investors a projected return of 9% in FY26. The Outer Ring Road is a prime office location in Bangalore, hosting companies like Adobe, Amazon, Google, and many more.

For this scheme, the investment manager, PropShare Investment Manager, is waiving all management fees for FY25 and FY26, charging just a small fee in later years. Additionally, Property Share will invest Rs 17.6 crore—about 5% of the offering—from its own funds.

This IPO is only a fresh issue of Platina units with no existing shares being sold.

ICICI Securities is leading the offer, while KFin Technologies is in charge of managing the subscription process.

(Disclaimer: The opinions shared here are based on expert views and do not reflect the views of Niftystat.)

Mumbai: Sunshine Pictures, a movie production company run by filmmaker Vipul Amrutlal Shah, is getting ready to raise money by selling shares to the public in an Initial Public Offering (IPO). Shah says they will soon submit documents to kick off this process.

Founded in 2007, Sunshine Pictures hopes to collect around ₹500 crore through new shares and some shares sold by current owners. Shah mentioned that the way people view films has changed a lot. More big companies are now investing in Indian movies, and some international businesses are also joining in. He believes it’s the right time for Sunshine Pictures to grow bigger and that’s why they want to enter the IPO market.

Recently, the Hindi film industry has faced many challenges. Many movies haven’t done well in theaters, and streaming services are being more careful with how they spend money, making it tough for production companies. Shah explained that they have a special way of working on film projects that benefits everyone involved. They focus on reducing risks for their films and want to build long-term partnerships. Depending on how much money they have, sometimes they work with big studios or invest in their own movies completely. Shah and his team are committed to making their projects successful!

Rashmi Chandra is a 45-year-old surgeon who wants to invest in an equity mutual fund for her retirement. With so many options available, she feels confused and doesn’t know how to choose the best one. Seeing funds with five-star ratings makes her hopeful, but she wonders if that’s enough to make the right choice.

It’s important for Rashmi to know that just because a fund has a five-star rating doesn’t mean it will always perform well in the future. No two rating agencies agree on which fund is the best, and each one uses its own special rules to give out ratings. A fund might get a five-star rating because it did great in the last six months, but that could change quickly. Mutual fund performance can go up and down a lot.

To make a smart choice, Rashmi should look for funds that have been around for a while. This way, she can see if they have consistently performed well over time. She should also find out how the rating agencies decide on their stars – like how they consider a fund’s performance compared to the risks taken.

Star ratings can be a helpful starting point to look at some good mutual funds, but they should not be the only thing she relies on. Rashmi should talk to a financial advisor to get more advice and ensure her investment matches her comfort level with risk. This way, she can make a well-informed decision for her retirement savings.

Futures and options are special types of financial agreements called “derivatives.” They don’t have their own value but get their worth from real things like stocks, currencies, or commodities (like crops, oil, and gold). Since the prices of these things change all the time, traders can lose a lot of money. To protect themselves from losing money, they use derivatives as a shield, or “hedging” tools. Some people also use these products to try making money from price changes.

What Are Futures?
A future is a promise between a buyer and a seller to exchange something at a fixed price on a specific date. Both the buyer and seller must stick to this agreement when the date comes. Because futures are leveraged, traders only need to pay a portion of the total price upfront, known as a “margin.”

For example, imagine a farmer who agrees to sell 1,000 kg of onions for Rs.50 per kg in January. If the price drops to Rs.40 before January, he would normally lose money. But since he locked in the price early, he’ll still sell at Rs.50, making a profit instead.

What Are Options?
Options are also agreements between buyers and sellers, but there’s a big difference. The buyer of an option can choose whether or not to go through with the deal, while the seller has to follow through if the buyer decides to. The seller charges a small fee called a “premium” for this choice.

There are two kinds of options:
– Call Options: This gives the buyer the option to buy something at a set price before a certain date.
– Put Options: This gives the buyer the option to sell something at a set price before a certain date.

In short, futures are like binding promises, while options are like choices. These tools can be complex, but understanding them can help protect you from risks and even allow you to profit from market changes!