Kaushiki 
In recent months, the Indian market has become more and more hot as strong performance across a range of sizes and industries has driven stock prices higher. Domestic brokerage Kotak Institutional Equities noted in its most recent research that a robust macroeconomic environment, positive earnings outlook, and ebullient attitude among non-institutional investors—who tend to be … Read more
Investment-related industries and PSUs were categorized by the brokerage as trading at “frothy” prices. The market’s assumption of a persistently robust investment cycle has caused the multiples for these industries to rocket to unprecedented heights. Faith in various “narratives” surrounding PSU equities, which we find difficult to understand in light of the astounding revenue and … Read more
On Friday, the Securities and Exchange Board of India (SEBI) suggested revisions to reduce the compliance burden for companies that list non-convertible debentures (NCDs). The entities in the financial sector will find it easier to comply with this change. This action is consistent with what the government said in the FY 2023–2024 Budget: “To simplify, … Read more
An in-line US inflation report did little to change betting that the Federal Reserve will begin reducing rates in September, and stocks rebounded. The S&P 500 continued to rise for a fifth day in a row, marking the longest winning run in over a month. Most of its key categories benefited, with shares in the … Read more
Investors anticipated that the return of billionaire William Ackman as a stakeholder would lead to a turnaround at the sportswear behemoth, which has been struggling with strategic errors and fierce competition. As a result, Nike shares increased by almost 4% on Thursday. According to a filing on Wednesday, Ackman’s hedge fund Pershing Square Capital Management … Read more
Wall Street’s primary indexes ended Thursday’s trading day higher, with the Nasdaq jumping over 2% following robust consumer spending statistics from July U.S. retail sales, which allayed concerns about an impending recession in the largest economy in the world. Consumer discretionary (.SPLRCD), opens new tab, and information technology (.SPLRCT) were the top three performing S&P … Read more
Positive risk sentiment from Wall Street flowed over into Asia markets, which were headed for a weeklong rise on Friday. The dollar and U.S. Treasury yields held firm, while Japan’s benchmark Nikkei was on track for its best week in more than four years. The market turbulence of the previous week has given way to … Read more
In intraday trading on Wednesday, shares of Hawaiian Holdings (HA) shot up 6% as the parent company of Hawaiian Airlines consented to extend the period for the U.S. Department of Justice to assess its planned acquisition by Alaska Air Group (ALK). According to a Securities and Exchange Commission (SEC) filing, Hawaiian and Alaska Air stated … Read more
The day after FanDuel parent company Flutter Entertainment (FLUT) revealed better-than-expected second-quarter earnings and raised its full-year revenue forecast, the company’s shares shot up on Wednesday. The global sports betting operator revealed revenue that increased by 20% year over year to $3.61 billion, above Visible Alpha’s consensus analyst projections. With a net income of $297 … Read more
The announcement on Wednesday that Mars Inc. would be purchasing snack producer Kellanova (K) for $36 billion helped to lift the stock prices of the firms that dominate America’s grocery store centre aisles. With a rise of more than 7%, Kellanova was the S&P 500’s best-performing stock during morning trading on Wednesday. ConAgra Brands (CAG), … Read more
