Latest Updates Around The World
Shares of Trent fell further after the update, falling more than 8%, as investors continued to price in slower growth and increasing competitive pressure in the budget fashion segment. According to Karan Taurani, EVP at Elara Securities, the sharp correction reflects a valuation downgrade rather than just an earnings revision.Speaking to ET Now, Taurani said […]
Amidst a challenging market environment and uneven corporate profits, Parag Thakkar emerged Fort capital highlighted select blue chip companies and FMCG stocks as attractive opportunities for long-term investors, especially those looking for “contra” bets. While discussing Hindustan Unilever (HUL), Thakkar noted the stock’s long-term underperformance but also expressed confidence in the future. “We recently bought […]
As election results trickle in in Bihar, markets appear largely unfazed, with most investors viewing the political event as a known variable rather than a trigger for volatility. Speaking to ET Now, Dipan Mehta, Director, Elixir Equities, emphasized that the outcome has already been absorbed by the Street.When asked if he expects turbulence on the […]
Global brokerage firm Morgan Stanley has made significant changes to the India Equity Strategy’s focus list for the Asia Pacific region, adding Reliance Industries Ltd (RIL) and Mukesh Ambani-owned Varun Beverages Ltd (VBL) to the list. In addition, the brokerage firm also said that it has removed Interglobe Aviation (IndiGo) and Jubilant Foodworks from its […]
