Summary of the Indictment Against Adani and Other Executives Overview of the Indictment Gautam Adani, Sagar Adani, Vneet Jaain, and five other executives have been […]
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India Market Strategies: Citi’s Optimism on Valuations and Growth vs. Goldman Sachs’ Cautious Outlook, Focus on Quality Stocks, and NIFTY Targets of 25,000 and 27,000
Citi India Strategy: After a 10% drop in the NIFTY, stock valuations are now more reasonable. The NIFTY’s 1-year forward price-to-earnings (P/E) ratio is just […]
Brokerage Reports: HSBC, MOSL on Glenmark Pharma; Jefferies on Indian Hotels; Morgan Stanley on Suzlon Energy; CITI on Indus Tower; UBS on RK Forgings.
Glenmark Pharma HSBC: Holds a cautious stance on Glenmark Pharma, reducing its target price to ₹1,600 (from ₹1,660). Q2 performance was below estimates due to […]
Super Micro Computer Faces Nasdaq Delisting After Delayed Filings, 83% Drop in Stock
Super Micro Computer (SMCI), a major supplier of AI servers, has announced it won’t meet the deadline for filing its 10-Q report for the period […]
CLSA Overweights India Amid China’s Struggles, While Citi Downgrades Indian Equities Over Slower Earnings Growth
CLSA’s Shift in Strategy: Back to India Amid China’s Challenges In a recent global equity strategy note titled “Pouncing Tiger, Prevaricating Dragon,” CLSA announced that […]
India’s Economy in a Sweet Spot: Moody’s Projects 7.2% Growth for 2024, Goldman Sachs Sees 6.3% Growth in 2025, Below Consensus
India’s economy is set for strong growth in 2024, with Moody’s projecting a 7.2% expansion, driven by robust household consumption and moderating inflation. The country’s […]
Brokerage Reports: CLSA on India Strategy, DLF, HAL, Fusion Fin; JPM on Honasa, City Gas; Jefferies on Thermax, HAL: DLF TP Rs. 870, HAL Rs. 5,500, Honasa Rs. 330, Fusion Fin Rs. 155, Thermax Rs. 3,700.
CLSA on India Strategy CLSA has revised its October strategy, reallocating funds to India with a 20% overweight stance. The decision comes as China’s economic […]
Economy in Charts: Asian Markets Slide as China’s Economic Support Falls Short; Indian Rupee Hits Record Low, Tesla Shorts Lose $5.2B, S&P 500 Hits Best Election Year in 88 Years
Welcome to the 2nd Edition of “Economy in Charts”! This week, we’re diving into key economic trends and updates for the week ended November 11-17. […]
America First – The impact of Trump 2.0 on India & the World: Navroop Singh
Some events define the course of history. The American elections on November 5th 2024 leading to victory of President elect Donald Trump could be one […]
U.S. Recession Odds at 75% Amid Inflation & Tariff Concerns; U.S. Equity Funds See $37.37B Inflows, Emerging Markets Face $25.5B Outflow in October
The market rally after the election is fading. The S&P 500 has dropped below 6,000, Treasury yields are near four-month highs, and the Fed isn’t […]
October 2024: Mutual Funds Hold Record Cash Reserves Amid Market Weakness
In October 2024, mutual funds in India were holding large amounts of cash, with active equity funds maintaining cash reserves of Rs 1,46,957 crore, slightly […]
China Approves 6 Trillion Yuan Stimulus to Boost Local Government Debt Limits and Tackle Hidden Debts
This Is Not A Stimulus; It’s A Debt Swap! China’s top legislative body has approved the State Council’s plan to raise local government debt limits […]