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Even the current risk rate have been increased, cost of fund is going up. The NBFC is only one option to pass on that cost to the customer

Aditya Arora recommends buying Marico at Rs 607.80 with a stop loss at Rs 580 and a target of Rs 630 to 670. He also likes Godrej CP trading at Rs 1,325 with a stop loss at Rs 1,280 and a target of Rs 1,360-1,400. Aditya Arora discusses the positive outlook on Nifty FMCG.

European autos stocks hit on China tariff jitters

Updated at : 2024-05-22 15:20:01

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European autos stocks were the worst performing equity market sector on Wednesday, following a report that suggested there was potential for China to impose higher tariffs on cars.

​Media house DB Corp Ltd on Wednesday reported a nearly three-fold jump in consolidated net profit at Rs 122.52 crore for the fourth quarter ended March 31, helped by a broad-based growth across verticals.

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Brokerages anticipate ITC to report muted growth in revenue for the fourth quarter, results to be declared on May 23. According to various brokerage estimates, profit is likely to grow 3% year-on-year and the hotels business will continue to do well. In the preceding December quarter, ITC reported 6% growth in consolidated net profit to Rs 5,335 crore.

In a realm as dynamic as cryptocurrency, deciphering the factors that underpin the value of digital assets can feel akin to solving a cryptic puzzle. Parth Chaturvedi, Head of Investments at CoinSwitch Ventures, recently led an illuminating session designed to demystify the essence of crypto asset value.

Bitcoin and Ethereum prices fluctuate with a market cap of $2.6 trillion. Various factors including specific price levels, stablecoin volume, and Bitcoin dominance influenced market sentiment.

Raghupati Singhania discusses the growth in demand for tyres in India, focusing on the passenger segment. He also touches on Mexico operations, EPR impact, net debt reduction, raw material cost increase, and expansion plans for premium sizes.

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In 2024 so far, 12 out of 13 stocks from the power index have gained over 15% in less than five months.

Shriram Finance shares down 1.48% as Nifty gains

Updated at : 2024-05-22 14:20:01

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The stock quoted a 52-week high price of Rs 2658.0 and low of Rs 1306.6.

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