Tag: Buzzing Stocks

Infosys stock fell nearly 1% on September 21, despite the company's announcement of a partnership with NVIDIA to build generative AI tools for businesses. The partnership will see Infosys integrate NVIDIA's AI Enterprise ecosystem into its AI-first offering Topaz and train 50,000 employees on NVIDIA's AI technologies. NVIDIA also announced partnerships with Reliance and the Tata Group in early September. The partnerships will focus on providing AI supercomputer technologies, developing and processing generative AI applications, and upskilling employees in AI.

hares of NTPC, Power Grid, and JSW Energy surged on September 20, buoyed by a robust growth outlook for the power sector. Jefferies recommended these stocks as its top picks, citing India's capex-driven GDP growth, which is expected to lead to a rise in power intensity. The brokerage firm also expects the capex CAGR in the power sector to rise 9x at 20 percent in the period of FY23 to FY26. The robust growth outlook for the power sector is supported by a number of factors, including India's growing economy and population, the government's focus on renewable energy and infrastructure development, and the government's various initiatives to promote electric vehicles and smart grids.

Jefferies downgraded BPCL to Underperform and cut its target price to Rs 310, citing increased marketing losses in diesel. The brokerage firm expects BPCL to incur an EBITDA loss in the second half of FY24 and has cut its EBITDA margin by 22 percent for FY24. Jefferies' report comes at a time when OMCs are facing significant losses on diesel. The brokerage firm estimates that OMCs are currently losing approximately Rs 9 per litre on diesel, which could lead to a combined loss of around Rs 450 billion in the second half of FY24. Jefferies expects Indian Oil Corporation Limited (IOC) to be the least affected among OMCs due to its favourable refining-to-marketing ratio.

The aviation sector is facing a double whammy of high crude oil prices and declining passenger traffic in Q2FY24. This could impact aviation companies' near-term profitability if they do not have the right pricing power mix. Analysts at Kotak believe that the shift to international travel could limit pressure on yields, especially for Indigo, which dominates 63% of the domestic market share. However, analysts at IDBI Capital suggested investors warrant caution on the overall sector in the near-term. The aviation sector is facing a double whammy of high crude oil prices and declining passenger traffic in Q2FY24. This could impact aviation companies' near-term profitability if they do not have the right pricing power mix. Analysts at Kotak believe that the shift to international travel could limit pressure on yields, especially for Indigo, which dominates 63% of the domestic market share. However, analysts at IDBI Capital suggested investors warrant caution on the overall sector in the near-term. The aviation sector is facing a double whammy of high crude oil prices and declining passenger traffic in Q2FY24. This could impact aviation companies' near-term profitability if they do not have the right pricing power mix. Analysts at Kotak believe that the shift to international travel could limit pressure on yields, especially for Indigo, which dominates 63% of the domestic market share. However, analysts at IDBI Capital suggested investors warrant caution on the overall sector in the near-term.

PSU stocks have rallied in recent times, which could pressure the government to disinvest in these companies in the run up to the 2023 state elections and 2024 general elections. The government may need to boost social spending ahead of the elections, which could lead to a sharp increase in expenses. A PSU rally could raise the chances of disinvestment in the near-term, as the government would need to raise funds to meet these expenses. Jefferies is cautious on the overall markets for the near-term, given higher global yields, rising crude prices, and rich valuations. They have trimmed weight on mid-cap industrial and property plays and shifted focus toward

Amber Enterprises India Limited and Noise have entered into a joint venture (JV) agreement to boost the manufacturing and innovation of smart wearables in India. The JV will combine the two companies' strengths and expertise to create a strong vertically integrated ecosystem for smart wearables manufacturing and innovation in India. The JV is expected to have a number of positive benefits for the Indian smart wearables market, including increased domestic manufacturing, more affordable and accessible smart wearables, and growth of the local smart wearables ecosystem. The JV is also aligned with the Indian government's Make in India initiative. In addition to boosting manufacturing, the JV is also expected to focus on innovation.

Blue Star has launched a QIP issue to raise Rs 1,000 crore. The floor price for the QIP is set at Rs 784.55 per share, and the company may offer a discount of up to 5 percent on the floor price. The executive management committee of the company will hold a meeting on September 22 to consider the issue price. On September 20, investors will be closely watching the issue price of the QIP shares, the demand for the QIP shares, and the impact of the QIP issue on the company's stock price. Investors should carefully consider all of the relevant factors before making any investment decisions.

Radico Khaitan, the largest IMFL manufacturer in India, commissioned a new distillery in Sitapur, Uttar Pradesh. The distillery has a capacity of 350 kilo-liters per day and is expected to be fully operational within 2-3 weeks. The new facility will help to secure the company's ENA supplies and support the growth of its branded business for the next 7-10 years. While the development is positive, investors should carefully consider the company's fundamentals and investment outlook before making any investment decisions, given its premium valuation.

The recent rally in PSU bank stocks is being driven by a number of positive factors, including strong credit growth, relatively lower valuations, and commendable work on the asset quality front. Analysts remain positive on the outlook for PSU bank stocks, expecting further gains in the coming months.

Bajaj Auto plans to upgrade its popular Pulsar bike range with six new models, including the "biggest ever Pulsar" this financial year. The company aims to become a market leader in the mid-segment, which has been experiencing strong growth. However, Bajaj is concerned about the future of the entry-level segment in the motorcycle industry, as entry-level consumers are increasingly transitioning to electric two-wheelers.