Indian public sector bank stocks made a strong comeback in October, even as major stock indices like the Nifty 50 and Sensex faced their worst monthly performance in over 4 years. Nifty PSU Bank has given 3.14% in the past 5 days and 7.32% in the last 1 month. The recovery was driven by better-than-expected …
The banking sector forms the backbone of the Indian economy as it facilitates credit delivery and stimulates growth and investment. Indian banking has been undergoing a transformation with the rollout of innovative, tech-driven business models. The government has also been making concerted efforts to clean up stressed balance sheets of PSBs. With a continued push …
The sugar industry plays a vital role in the global economy, with various factors influencing its performance. In this blog, we will delve into the top five performing sugar stocks of the financial year 2023-24 (FY24), shedding light on their financial metrics and contributions to the industry. Global Sugar Scenario Before diving into the specific …
It’s turning out to be a sweet Thursday for the Indian equity markets, not only because the Nifty50 index has hit an all-time high, but also because sugar stocks are sweetening the portfolios of market participants. Government’s Consideration of MSP Increase Most of the sugar stocks surged on Thursday after reports emerged that the Government …
In 2023, India produced about 6.5 billion litres of ethanol for use as fuel. This amount is expected to decrease slightly to around 6.3 billion litres in 2024. Ethanol is a by-product of the sugar industry and comes from plant sources like sugarcane, corn, and wheat. It’s a renewable fuel mixed with gasoline to reduce …
Sugar is no longer just an additive to food—it has widespread uses in alcohol and biofuel production. Thus, sugar stocks have a bright future in a green economy. In this article, let’s look at a list of sugar stocks in India. What Are Sugar Stocks? Sugar stocks are shares in companies producing, processing, and distributing …
India stands as the largest consumer and the 2nd largest producer of sugar globally, with a production of ~34 million metric tons in 2023-2024. The sugar industry is vital for the livelihood of sugarcane farmers in rural regions and offers employment to around 5,00,000 workers in sugar mills. In this article, find the best sugar …
The IT & BPM sector has become a major driver of economic growth in India, significantly contributing to both GDP and social development. In FY23, it accounted for 7.5% of India’s GDP, and this share is anticipated to rise to 10% by 2025. With digital technology reaching all areas of business, India is primed for …
As we have all noticed, there is a gradual decline in IT stocks in the last few months. As IT stocks are falling and a huge number of investors that have put their money in it is getting worried. In the last few months, Nifty IT is down by more than 10% which was a …
The Indian IT sector is a vital cog in the country’s economic engine, contributing significantly to GDP and export revenue. Despite facing challenges during the COVID-19 pandemic, the sector remained resilient with stable stocks that helped the overall stock market reach new highs. IT infrastructure and services played a crucial role in enabling remote work, …
