The Indian Budget, despite being an interim budget, has reiterated our thesis of buying more Domestic growth-centric stocks focused on capex and MAKE in INDIA stories. In this article we focus on two Capex themes – Railways and Water, both seeing exponential growth in capex. (Source- Bloomberg) 107934723The overall theme of the Union Budget 2024, despite it being an interim budget.

On stocks to buy today, Vaishali Parekh recommended three intraday stocks for today — HCL Technologies, Coal India Ltd, and National Aluminium Company or NALCO. 💰HCL Technologies: Buy at ₹1686.40, target ₹1755, stop loss ₹1650; 💰Coal India: Buy at ₹445.15, target ₹467, stop loss ₹435; and 💰NALCO: Buy at ₹161.60, target ₹173, stop loss ₹157.

FMCG companies reported muted performance in the December quarter (Q3FY24) due to sluggish rural demand and increased competitive intensity, affecting overall volume growth. However, there is optimism for demand recovery in the coming quarters, which will be driven by easing inflation, increased government spending, and higher remittances.

Reddit on February 22 said that it has entered into a $60 billion deal with Google, allowing the tech giant to utilise posts from the online discussion platform for the training of its artificial intelligence (AI) models and enhancing services such as Google Search, as per an AP report. As part of the agreement, Reddit gains access to Google AI models to enhance its internal site search.

The head of Saudi Arabia's Public Investment Fund (PIF) on Thursday pitched the kingdom as a prospective hub for artificial intelligence activity outside the United States, citing its energy resources and funding capacity. "We are fairly well positioned to be an AI hub outside of the U.S.," said PIF Governor Yasir Al-Rumayyan, speaking at a Miami investment event.

The tax-saving season is on and March 31 is the last date to make tax-saving investments for the financial year 2023-24. Tax-saving bank fixed deposits is a popular instrument for those in the lower tax brackets and also who are closer to their retirement, for capital protection. Leading banks such as Axis Bank, HDFC Bank and ICICI Bank are offering the best interest rates.

Stock market today: After the announcement of the stock split in a 1:5 ratio, Remedium Lifecare share price traded ex-split on 23rd February 2024 i.e. today. After the subdivision of stocks in a 1:5 ratio, Remedium Lifecare share price today opened upside at ₹132.95 apiece on the BSE and went on to touch an intraday high of ₹142.30 per share, logging an intraday high of 10%

Gold prices rose marginally on Friday as a broadly weaker US dollar and growing tensions in the Middle East lifted bullion's appeal.The April gold futures were trading at Rs 62,062 per 10 grams on the MCX at 10:33 am and were up by Rs 85 or 0.14% from Thursday's closing price. Meanwhile, the March Silver futures were trading at Rs 70,228 per kg and were lower by Rs 41 or 0.06% around this time.

The benchmark indices traded higher around their record levels amid heightened volatility intraday on February 23. A bearish engulfing candlestick pattern formed in the Nifty the previous day was invalidated as the index bounced from its 20-day EMA. According to experts, the indices are likely to find support around the 22,070-22,100 zone.

It’s all about inflation everywhere and from the race to inflation to race to deflation amongst various countries, it has contributed heavily to shaping the currency dynamics. To understand inflationary/deflationary trends, it’s important to understand the historical causes of inflation, its components, and the measures taken.

Reported Standalone quarterly numbers for Mathew Easow Research Securities are: Net Sales at Rs 0.61 crore in December 2023 up 6.61% from Rs. 0.57 crore in December 2022. Quarterly Net Profit at Rs. 0.01 crore in December 2023 up 61.97% from Rs. 0.01 crore in December 2022. EBITDA stands at Rs. 0.48 crore in December 2023 up 20% from Rs. 0.40 crore in December 2022.

ICICI Lombard has introduced a groundbreaking integrated media initiative called “Game of Life”. This pioneering concept in the insurance domain combines the excitement of gaming with the practicality of insurance. Departing from the conventional use of celebrity endorsements and traditional marketing strategies within the industry, this campaign leverages the captivating allure of virtual games.

Goldman Sachs downgrades State Bank of India (SBI), ICICI Bank, Yes Bank, as it sees multiple challenges ahead for the financial sector companies. However, it upgraded Bajaj Finance and reiterated buy of HDFC Bank.Goldman Sach analysts said that the earnings of the financ sector are facing multiple challenges ahead and thereby they have cut the earnings estimates across companies in their coverage

Reported Standalone quarterly numbers for Stanrose Maf. Investment and Finance are: Net Sales at Rs 0.01 crore in December 2023 down 11.76% from Rs. 0.01 crore in December 2022. Quarterly Net Loss at Rs. 0.73 crore in December 2023 up 12.04% from Rs. 0.82 crore in December 2022. EBITDA stands negative at Rs. 0.72 crore in December 2023 up 7.69% from Rs. 0.78 crore in December 2022.

Reported Standalone quarterly numbers for Golechha Global Finance are: Net Sales at Rs 2.36 crore in December 2023 down 70.9% from Rs. 8.10 crore in December 2022. Quarterly Net Profit at Rs. 0.41 crore in December 2023 up 118.3% from Rs. 2.21 crore in December 2022. EBITDA stands at Rs. 0.54 crore in December 2023 up 125.35% from Rs. 2.13 crore in December 2022.