Tesla CEO Elon Musk is no stranger to courting controversy on Twitter. On May 1 last year, he took Tesla shareholders by the storm and declared that the “Tesla stock price is too high imo”. Not surprisingly, the stock collapsed and Tesla shareholders wailed at the entrepreneur billionaire soon after. Yesterday, another of Musk’s tweets …
Overview of Godrej Consumers Sudden Surge Thanks to a shift in leadership, investors and traders trading in the shares of Godrej Consumer Products Ltd has been filled with optimism. Sudhir Sitapati will be appointed managing director and chief executive officer of the company on October 18 for a five-year term. Sitapati’s rich experience of more …
Oil inventories that had piled up during the pandemic in 2020 have now come back to normal levels, according to the International Energy Agency (IEA) but the agency has slashed its demand growth forecast for the first half of the year. The IEA has slashed Indian demand estimates for the second quarter and also noted …
Overview of India’s Status The devastating pandemic crisis in India is making investors doubt more than ever whether a country projecting itself as a potential economic powerhouse still needs to be classified as ‘investment grade’ despite years of debt accumulation and uneven reform progress. The severity of the current virus wave is rattling the major …
The declaration by Finance Minister Nirmala Sitharaman in her budget speech signalling her intent to privatise two public sector banks has kickstarted an upward run in the shares of several lenders. Bank stocks like the State Bank of India, Canara Bank, PNB and Bank of Baroda have attracted a lot of trading interest in the …
Before the second Covid wave hit India, three international organisations were gung-ho about India’s economy overcoming the odds in its path and registering double-digit growth. Organisations forecasting strong growth for India included the likes of the Asian Development Bank, the International Monetary Fund and the World Bank. The Economic Survey of FY21 also went to …
Overview of the impact on the industry During the first wave of the pandemic last year, rural India helped to cushion the consumer goods market. This time, a severe second wave of the virus may make that impossible. Due to local lockdowns and a shortage of staff for last-mile distribution in rural areas, demand has …
India is on the backfoot. Earlier, several market experts were discounting the scope and gravity of the Covid-19 pandemic raging in India in the hope that a robust, widespread vaccination campaign will be rolled out as soon as possible. While the vaccination campaign is underway on a large scale and at a fast pace, it …
Buybacks are back in action. Data released by a market research firm states that 61 companies in FY21 offered to buy back shares worth Rs 39,295 crore. Of these buyback offers, the largest ones came from tech companies, namely, Tata Consultancy Services and Wipro. Both the companies made offers worth Rs 16,000 crore and Rs …
At a time when income levels are subsiding in rural areas, Hero MotoCorp faces an uphill task of maintaining healthy sales volume. For the quarter ended March, the two-wheeler manufacturer reported EBIDTA of Rs 1,211 crore on the back of strong revenue growth. The upside to the Hero MotoCorp stock is challenged by an inclement …
