Category: News

Recently, India’s stock market saw a big drop, especially in mid-sized companies. This happened as foreign investors moved their money around, worried about high prices, less money in circulation, and worldwide market ups and downs. However, many top global analysts think this drop is a good chance for smart investors rather than something to panic over.

Experts like Christopher Wood from Jefferies, Vivek Paul from BlackRock, and Jim Walker from Aletheia Capital all agree that India is still one of the best places to invest for the long term. They pointed out that even though there are some short-term challenges, India’s economy is strong, its government policies are stable, and there are many young people, making it a great option for investors looking for growth.

What the Experts Are Saying:

– Christopher Wood: He explained that the recent drop in the market is more about technical issues—like too many shares being available—rather than serious economic problems. He believes India is still the best investment option in Asia for the long haul.

– Vivek Paul: He noted that while some investors are worried, the prices of big Indian companies are quite reasonable when you think about how much money they could make in the future. He believes this is a great time to buy stocks, especially because the market is changing quickly, offering both risks and chances.

– Jim Walker: He focused on how India has a strong government and good economic policies. He believes India is better positioned than many advanced countries right now, which could spell great opportunities for investors as the economy grows.

Conclusion: This recent drop is seen as just a small bump in the road, not a big problem. Factors like a weaker US dollar, potential easing by the Reserve Bank of India (RBI), and strong government policies suggest that now is a perfect time for long-term investors to consider buying into India’s economy. As Jim Walker said, “This is the time to really invest in India.”

(Disclaimer: The views and suggestions from these experts are their opinions and do not represent Thellv.news)

On Wednesday, Godrej Agrovet announced an exciting plan to buy the remaining 48.06% of Creamline Dairy Products (CDPL) for ₹930 crore. This move means that Creamline, a company known for its milk and dairy products sold as ‘Godrej Jersey,’ will become completely owned by Godrej Agrovet.

Currently, Godrej Agrovet already owns 51.94% of Creamline. With this new deal, they will purchase a 47.38% stake from Creamline’s original founders. The main aim of this purchase is to have full ownership of CDPL, allowing Godrej Agrovet to strengthen its position in the dairy market. The deal is expected to be completed by the end of September this year.

Creamline Dairy Products is based in Hyderabad and focuses on collecting, processing, and selling milk and dairy products. It’s one of the top private dairy companies in southern India, and its products are well-loved under the brand name ‘Godrej Jersey.’ For the financial year ending March 31, 2024, Creamline recorded a revenue of ₹1,540 crore.

In the last year, Godrej Agrovet’s shares increased by 43.63%, significantly outperforming its competitors. Over the past three years, the stock has seen a 52% return. Recent data shows that Godrej Agrovet has performed better than its industry and major market indexes like Nifty50 and Sensex.

On Wednesday, Bharti Airtel made exciting news! The company has signed a deal with SpaceX, the company owned by Elon Musk, to provide Starlink’s high-speed internet to people in India. This is big news because Airtel has had some disagreements with Starlink in the past about how much they should pay to use their service.

What’s even more interesting is that Airtel owns a large part of a rival company called Eutelsat OneWeb, which already has the go-ahead to operate in India. OneWeb is waiting to get permission to use the radio waves it needs to provide services.

Airtel’s Managing Director, Gopal Vittal, said this partnership with SpaceX is a huge step forward and shows that Airtel wants to improve internet access. He believes that with Starlink’s help, they can provide fast and affordable internet to even the most remote areas of India, helping people, businesses, and communities stay connected.

However, to start offering Starlink’s services, Airtel needs to get the necessary approvals from the Indian government. This collaboration will also look into ways to sell Starlink equipment at Airtel stores, connect rural areas, schools, and hospitals, and improve Airtel’s internet network using SpaceX’s technology.

Starlink is known for giving fast internet by using a network of satellites flying low in space. This allows users to enjoy activities like streaming movies, playing games, and making video calls without any hassle.

In the past year, Airtel’s stock has risen by 38.97% and has done better than many others in the same industry. Over the last three years, its stock has given a whopping 139.33% return.

On Tuesday, the Sensex, a major stock index in India, bounced back a little after a rough day in the markets. Even though there was a lot of trading ups and downs, IndusInd Bank saw a huge drop of 27%. This came as global markets fell, mainly due to worries about a possible recession in the US.

A few stocks caught the spotlight:
– IndusInd Bank dropped 27%.
– PC Jewellers rose by 0.8%.
– Mold-Tek saw a small increase of 0.2%.

Here’s what Viral Chheda, a Senior Analyst at SSJ Finance and Securities, thinks investors should do with these stocks when trading resumes today:

– IndusInd Bank: After trading between 926 and 1100 for four months, the price has fallen sharply to around 667. This week alone, it’s down about 30%. The stock looks weak and could drop further, possibly reaching 600 to 550. If you own this stock, it’s best to sell if the price goes up a little. The indicators show it might go down more, so stay away from buying it.

– PC Jewellers: After reaching a 52-week high of 19.30 in December 2024, the stock fell to a low of about 10.30. That’s roughly a 47% drop. Currently, the stock is showing some signs of recovery, moving above its important averages, which is promising. It could face resistance at 15, but if it breaks past that, it might climb to 18-20. Buying at the current price or on dips (around 11.50) with a stop loss at 10 is a good strategy, as it could rise to 16-19 in 10-12 months.

– Mold-Tek Packaging: After hitting a high of 1100 in July 2023, the price sharply fell to about 422, marking a 62% drop. It has reached a three-year low and is forming a pattern that could indicate further declines unless it stays above 430. If it drops below that, it could slide to 400-370. However, if it climbs past the 520-550 range, it could go up to 650-750. This stock looks good for the long term and can be bought at lower prices. Buying now or at around 435 with a stop loss of 425 could lead to gains of 550-650 in 6-8 months.

(Disclaimer: The opinions given by the experts are their own and do not reflect those of Thellv.news)

Recent news about a possible ceasefire between Ukraine and Russia had investors feeling hopeful, but Wall Street struggled to recover from losses. Ukraine announced they would consider a 30-day ceasefire proposed by the U.S., which initially made stocks rise, especially the tech-heavy Nasdaq. However, President Trump’s decision to double tariffs on steel and aluminum from Canada to 50% cast a heavy shadow over the markets, causing stocks to drop significantly.

Key Market Updates:
– All major stock indexes on Wall Street closed at new lows not seen in five months. The S&P 500 is now down over 10% from its peak and the Nasdaq is down 15%.
– The U.S. dollar fell to a five-month low against other currencies, despite some gains in Treasury yields.
– The euro rose above $1.09, its highest since October, and could climb further.
– Bitcoin hit a four-month low but ended the day up 5%, breaking a five-day losing streak.
– Britain sold inflation-linked bonds at record-high yields, showing rising borrowing costs in parts of the developed world.

While the potential ceasefire is a glimmer of hope for investors, the uncertainty created by the trade tensions and tariffs continues to worry everyone. About $5 trillion has been lost in U.S. stock values since the market peak, and the dollar is slipping, creating higher volatility in markets.

Trump seems determined to push his tariff agenda despite its negative effects on market confidence. This situation complicates things for the Federal Reserve, which may need to think about cutting interest rates due to fears of economic slowdown, even as inflation forecasts rise.

One worrying trend is the rapid decline in open interest in Treasury futures, signaling less investor commitment. Open interest measures how much money is on the line in these contracts, and a sharp drop can lead to problems in market stability.

As major funds adjust their positions, there are concerns about market liquidity and how much buying or selling can affect prices. The downward trend in open interest may be a sign of increased caution among investors.

What to Watch Tomorrow:
– Japan’s wholesale inflation (February)
– India’s CPI inflation (February)
– U.S. 10-year Treasury note auction
– Bank of Canada’s interest rate decision
– U.S. CPI inflation (February)