Latest Updates Around The World
Shares of food delivery and express delivery company Eternal rose as much as 9.3% to hit an intraday high of Rs 298.50 on the BSE on Tuesday after global broker Jefferies added the stock to its Indian model portfolio, replacing Godrej Consumer Products.Jefferies described Eternal as an “FPI favorite”, citing strong growth and steady margin […]
Indian stock markets continue to struggle for direction as foreign investor outflows dominate sentiment, even as underlying business performance does not appear as weak as market movements suggest. According to market expert Sandip Sabharwal, the current phase is driven more by momentum-based global asset reallocation than by deteriorating fundamentals.“Most of the active funds of foreign […]
According to Sandip Sabharwal, founder of askandipsabharwal.com, the strong credit growth reported by leading banks in the December quarter points to an improving economic cycle, even as select consumer and retail sectors face challenges in the near term.Speaking to ET Now, Sabharwal said double-digit loan growth at most major banks reflects rising economic activity after […]
The holding company of India’s Godrej Consumer Products will tap the corporate bond market for the third time in as many months at the end of October, two investment bankers said on Monday. Godrej Seeds and Genetics aims to raise 20 billion rupees ($229 million) through the sale of shorter-term debt, and the bonds would […]
