Us stocks

The value of the foreign portfolio investors (FPI) holdings in the domestic equities dropped 14 per cent to USD 523 billion in the three months ended June 2022 from the preceding quarter, according to a Morningstar report. This was the third consecutive quarterly decline in the value of FPIs' investments in Indian equities. Foreign investors were cautious since the start of the year and it intensified as the year progressed, following the influence of worrying trends in both global and domestic markets. "During the quarter ended June 2022, the value of FPI investments in Indian equities fell by 14 per cent to USD 523 billion from USD 612 billion recorded in the previous quarter," the report noted. As of June 2021, the value of FPI investments in Indian equities was USD 592 billion. FPIs' contribution to Indian equity market capitalisation also fell during the quarter under review to 16.9 per cent from 17.8 per cent in the March quarter. Offshore mutual funds form an important … [Read more...] about FPI stock holding slips 14% to $523 billion in June quarter: Report

Adani Ports | CMP: Rs 807 | The stock ended in the red on August 8. Net profit went down 18% at Rs 1,072.4 crore against Rs 1,307 crore (YoY). However, revenue was up 20.6% at Rs 4,638 crore against Rs 3,845 crore (YoY). Its EBITDA was down 31% at Rs 1,809 crore against Rs 2,620 crore (YoY) while margin came in at 38.9% against 57.5% (YoY). PRO Only Highlights - Quarterly performance largely backed by improved realisations - Medium-term triggers China plus and protectionist measures for tyre industry - Valuations not inexpensive; but improved medium-term outlook The recovery in the core economy and international trade, following the slowing of the Covid pandemic, has hugely benefitted India’s largest ports operator Adani Ports and SEZ. The company’s expanding reach, diversification, cost rationalisation, and other initiatives to integrate ancillary operations are now paying a good dividend. In fiscal 2022, the company had achieved a total volume of around 312 … [Read more...] about Adani Ports & SEZ: What will put wind in the sails for the stock?

Kansai Nerolac Paints: Kansai Nerolac Paints Q1 profit grows 36.5% YoY to Rs 152 crore despite increase in input cost. Revenue grows 46%. The company reported a 36.5% YoY growth in consolidated profit at Rs 152 crore in the quarter ended June 2022 despite sharp increase in input cost, supported by operating performance and top line. Revenue grew by 46% YoY to Rs 2,051.40 crore during the same period. PRO Only Highlights - Quarterly performance largely backed by improved realisations - Medium-term triggers China plus and protectionist measures for tyre industry - Valuations not inexpensive; but improved medium-term outlook Concerns about high commodity inflation, weakening demand and intensifying competition have taken the lustre away from paint stocks in recent months. Still, Berger Paints reported a surprisingly good performance in Q1FY23. Key takeaways Berger’s revenues for the April-June 2022 period rose to Rs 2,760 crore, an increase of 53 percent year on … [Read more...] about Berger Paints: Remarkable Q1, but don’t chase the stock

- A + A BENGALURU (Aug 17): Wall Street's main indexes fell on Wednesday as growth stocks came under pressure after bond yields climbed ahead of minutes from the Federal Reserve's (Fed) July meeting, while weak results from Target dragged the retail sector lower. Retail earnings have been mixed so far this week, with Target Corp falling 3.3% after reporting a 90% slump in quarterly earnings as its inflation-hit customers reined in spending on discretionary goods. The S&P 500 retail sector declined 1.7%, after jumping 1.9% in the previous session on encouraging quarterly earnings from Walmart Inc and Home Depot Inc. Data showed US retail sales were unchanged in July as declining gasoline prices weighed on receipts at service stations. However, consumer spending appeared to be holding up, which could further ease fears the economy was in recession. High-growth and technology stocks such as Amazon.com Inc and Nvidia Corp fell more than 2.5% each as US Treasury … [Read more...] about Wall St drops as growth stocks slide, Target weighs on retail shares

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 15, 2022. REUTERS/Brendan McDermid/File photo By Lewis Krauskopf NEW YORK- Stronger-than-expected corporate earnings have helped fuel the rebound for U.S. stocks but some investors are pointing to potential risks ahead for profits that could sap the market’s momentum. With the vast majority of S&P 500 companies reported, second-quarter earnings are expected to have climbed 9.7 percent from a year earlier, well above the 5.6 percent estimated on July 1, according to Refinitiv IBES. The robust profits have supported a rally that has taken the S&P 500 up about 14 percent this quarter, after a brutal first half. Some market participants are growing concerned, however, that strong corporate numbers may not last, as companies face an array of challenges, including surging inflation and changing consumer spending habits. These may make it difficult for stocks to hold their recent … [Read more...] about As earnings support U.S. stock rebound, worries over future profits grow

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × ICICI Direct's research report on Astral Astral is the leader in the CPVC piping segment and expanding into the other building material business such as adhesive, paints and sanitary ware. Astral is the third largest piping company with a value market share of 9%. In FY22, Piping, adhesive contributed 77%, 23%, respectively, to its topline • Healthy b/s reflected in strong return ratios (RoE: 21%, RoCE: ~27%). Outlook We maintain our HOLD rating on the stock. We value Astral at Rs 2100 i.e. 58x P/E on FY24E EPS. For all recommendations report, click here Close Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. … [Read more...] about Hold Astral; target of Rs 2100: ICICI Direct

The research firm ICICI Securities believes earnings of apparel brands and retail companies under their coverage may surprise positively from Q3FY22E as the likely demand recovery may result in better than expected margin performance. Some of the costs savings achieved during pandemic may sustain and coupled with high operating leverage may lead to higher than pre-covid margins from Q3FY22E.  Stocks like Trent, V-Mart and Aditya Birla Fashion and Retail are the preferred picks backed by their strong and consistent track record of execution. Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × ICICI Direct's research report on Bajaj Electricals Bajaj Electricals' business portfolio spans across consumer products (CP) and EPC (illumination, power transmission and power distribution). CP (appliances, fans, lighting) contributes ~78% to … [Read more...] about Buy Bajaj Electricals; target of Rs 1340: ICICI Direct

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × ICICI Direct's research report on Hindustan Aeronautics Hindustan Aeronautics (HAL), the largest defence PSU in India, is engaged in design, development, manufacture, repair, overhaul, upgrade and servicing of a wide range of products including, aircraft, helicopters, aero-engines, avionics, accessories and aerospace structures • The company has delivered revenue, EBITDA and PAT CAGR of 7.4%, 12% and 26.5% respectively, in FY18-22. In FY22, repair & overhaul contributed ~64% to total revenues while manufacturing contributes~30%. Outlook We continue to remain positive and retain our BUY rating on the stock. We value HAL at Rs 2,860 i.e. 20x PE on FY24E EPS. For all recommendations report, click here Close Disclaimer: The views and investment tips … [Read more...] about Buy Hindustan Aeronautics; target of Rs 2860: ICICI Direct

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Arihant Capital's research report on Hero MotoCorp Hero MotoCorp (HMCL) standalone revenue stood at INR 83,925 Mn, against our estimate of INR 87,430 Mn registering a growth 53% YoY/ 13.1% QoQ. The company shows significant improvement sequentially led by positive momentum in the industry and coupled with market share gain. Maintained its EBITDA Margin on QoQ: EBITDA stood at INR 9,408 Mn, against our estimate of INR 10,750 Mn, Registering a growth of 82.7%YoY/ 13.7%QoQ.On the margins front, EBITDA margin expansion by 183bps YoY/ 6bpsQoQ to 11.2%, against our estimate of 12.3%. Despite the commodity headwinds and supply chain disruptions consequent to geo–political issues, the Company maintained its EBITDA margins sequentially, through a combination of cost saving measures, judicious price … [Read more...] about Buy Hero MotoCorp; target of Rs 3405: Arihant Capital

The research firm ICICI Securities believes earnings of apparel brands and retail companies under their coverage may surprise positively from Q3FY22E as the likely demand recovery may result in better than expected margin performance. Some of the costs savings achieved during pandemic may sustain and coupled with high operating leverage may lead to higher than pre-covid margins from Q3FY22E.  Stocks like Trent, V-Mart and Aditya Birla Fashion and Retail are the preferred picks backed by their strong and consistent track record of execution. Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Arihant Capital's research report on Greaves Cotton Greaves Cotton Limited (GCL) has reported a decent set of Numbers; Margin & PAT well above our estimates: Greaves Cotton Limited (GCL) has reported weak performance in Q4FY22 as Net profit … [Read more...] about Buy Greaves Cotton; target of Rs 215: Arihant Capital