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Bloomberg Quint
1w
354
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M&M, Eicher Motors & More — Nirmal Bang's Top Stock Picks In Auto, Auto Ancillary Pack; Q1 Results Preview
- Nirmal Bang's top stock picks in the auto and auto ancillary sector are M&M in four-wheelers and Eicher Motors in two-wheelers.
- Auto and ancillary margins may decrease for OEMs due to rising steel and precious metal prices, but scale could mitigate the impact of raw material cost increases.
- Nirmal Bang is optimistic about ASK Automotive's collaborations with global leaders and has upgraded Suprajit to Buy based on its manufacturing strategy.
- The article provides insights on the preferred stocks in the auto and auto ancillary sector and the factors influencing their performance.
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HinduBusinessLine
1w
90
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Trump warns Canada with 35% tariffs in letter to PM Carney
- President Trump has sent a letter to Canadian Prime Minister Mark Carney threatening to impose a 35% tariff, up from the initial 25%, in an attempt to pressure Canada to address fentanyl smuggling.
- Canada, being America's second largest trading partner, has faced retaliatory tariffs from the US amid disagreements on trade policies and barriers.
- Carney, distancing Canada from the US, emphasizes finding reliable economic partners like the European Union and the United Kingdom.
- The implications of the increased tariffs on Canada's trade agreements like the USMCA negotiated by Trump remain unclear.
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Bloomberg Quint
1w
321
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SML Isuzu Acquisition: How M&M's Open Offer May Fare For Investors
- Mahindra & Mahindra (M&M) will acquire SML Isuzu, with the share price running up 93% since April 28.
- M&M will purchase a 43.96% stake and a 15% stake in SML Isuzu at Rs 650 per share, with plans for an open offer to acquire a 26% stake at Rs 1,554.6 per share.
- SML Isuzu reported positive financial performance in recent months, with growth in revenue and operating margin.
- M&M's acquisition of SML Isuzu aims to double market share, with plans for further growth in the coming years.
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19 Likes
Bloomberg Quint
1w
423
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TCS Q1 Results Review: Buy, Sell Or Hold? Analysts Mostly Bullish Despite Weak Earnings
- TCS reported a 4% rise in consolidated net profit for the quarter ended in June, meeting analyst estimates.
- Despite weak earnings, analysts remain bullish on TCS, anticipating a challenging demand environment for the next one to two quarters.
- Analysts expect TCS's medium-to-long-term outlook to be positive due to the high technology debt in enterprises that may lead to increased spending as the macroeconomic environment improves.
- TCS stock received mixed recommendations from analysts, with 34 suggesting 'buy', 12 'hold', and 4 'sell' ratings, reflecting varied views on the company's future performance.
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9 Likes
HinduBusinessLine
1w
73
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Brazil threatens to match Trump’s tariffs amid Bolsonaro trial row
- Brazil threatens to match Trump's tariffs if negotiations fail.
- Trump targets Brazil with 50% tariff amid Bolsonaro trial tensions.
- Lula plans reciprocity law action if US fails to negotiate, risking tariff war.
- Trump's interference in Brazil's affairs unites the nation, impacts upcoming elections.
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4 Likes
Bloomberg Quint
1w
729
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Mankind Pharma Gets Target Price Hike — Why Jefferies Calls It Top Pick
- Jefferies has raised its target price on Mankind Pharma Ltd. to Rs 3,000 from Rs 2,870, maintaining a 'buy' rating due to expected recovery and significant improvements in the coming quarters.
- The first and second quarters are anticipated to be pivotal for Mankind Pharma, with India Rx growth expected to normalize later in the fiscal year. The synergies from the BSV acquisition are projected to reflect in the 26% Ebitda margin guidance for FY26.
- Jefferies highlighted the favorable risk-reward profile of Mankind Pharma, making it their top pick. The company is likely to deliver 19% returns in the base case and over 30% in the bull case, with a downside estimated at less than 10% in case of delays in recovery.
- Mankind Pharma, established in 1995, is a leading pharmaceutical company in India with a strong presence in various therapeutic areas. The company operates in both domestic and international markets.
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19 Likes
HinduBusinessLine
1w
846
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Nifty set for 150-point gap-down start as TCS drags market mood
- TCS's weak Q1 FY26 results are expected to impact the market mood, particularly in the IT sector.
- Analysts emphasize that corporate results will dictate stock-specific actions in the market.
- Asian stocks are mostly up, but the derivative segment signals a bearish outlook.
- The market is cautious with a high open interest at 25,500 strikes, reflecting a lack of immediate upside potential.
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3 Likes
Bloomberg Quint
1w
408
Image Credit: Bloomberg Quint
Axiom-4 Mission: Shubhanshu Shukla To Return To Earth On July 14, Says NASA
- Astronaut Shubhanshu Shukla and three other crew members of the Axiom-4 mission are set to return to Earth from the International Space Station on July 14, as confirmed by NASA.
- The Axiom-4 mission, which began on June 25 with the Dragon spacecraft docking at the ISS, has involved a high beta period for careful thermal management due to near-constant sunlight.
- During their mission, Shukla and his crew have completed close to 230 orbits around Earth, traveled more than six million miles, and engaged in various activities including research and connecting with Earth.
- The Ax-4 mission included over 60 experiments across various scientific domains, aiming to contribute to advancements in human space exploration and potentially impact areas such as diabetes management and cancer treatments.
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24 Likes
Bloomberg Quint
1w
530
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Ambuja Cement — Nirmal Bang's Top Stock Bet In Cement Sector; Q1 Results Preview
- Ambuja Cement is Nirmal Bang's top stock bet in the cement sector, with Ramco Cements and Nuvoco Vistas as close contenders.
- The Indian cement industry is expected to see steady growth in FY26, supported by various structural and cyclical factors.
- Companies under Nirmal Bang's coverage are projected to grow by over 7%, attributed to recovering construction activity, improving rural demand, sustained traction in real estate, and increased government spending.
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8 Likes
Moneyweb
1w
251
Joburg’s housing backlog needs R60bn and less red tape – Morero
- Johannesburg faces a housing backlog of over 300,000 units, with a budget shortfall of R60 billion according to Mayor Dada Morero.
- Morero pledges to reduce red tape and encourage private sector investment to accelerate housing development.
- Private sector developers welcome the initiative but raise concerns about the challenges hindering housing projects, such as unreliable service delivery and increased property tax rates.
- Investec chief economist predicts slow GDP growth and cautioned about high borrowing costs affecting developers' ability to finance large-scale housing developments.
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14 Likes
Bloomberg Quint
1w
285
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Bitcoin Extends Record Run While Options Traders Target $120,000
- Bitcoin breached $116,000 for the first time, leading options traders to target higher prices, particularly focusing on call options with $115,000 and $120,000 strike prices.
- Liquidations in short positions accelerated after Bitcoin surpassed $116,000, with significant amounts being liquidated over short timeframes.
- The rally in Bitcoin is attributed to factors such as bullish comments by President Donald Trump over his Truth Social site and rising demand from recently launched crypto treasury companies.
- The funding rate in the Bitcoin perpetual futures market remains positive, signaling more demand for bullish positions, while Bitcoin continues to rise amidst macro headwinds and tensions.
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17 Likes
Moneyweb
1w
268
Asking price trends show how Cape property soars …
- Cape Town property prices soaring, outperforming Gauteng and other areas significantly.
- FNB House Price Index shows 2% YTD increase, driven by limited supply.
- Property prices in Western Cape show significant growth compared to Gauteng suburbs.
- Sellers in Cape Town accepting more modest offers than Gauteng counterparts.
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16 Likes
Moneyweb
1w
133
‘Africa’s progress doesn’t lie in Washington’ – Macozoma
- Saki Macozoma, chair of Vodacom and Safika Holdings, emphasized that Africa's progress lies within the continent and not in Washington, urging leaders to focus on addressing challenges in network industries and payment systems.
- Macozoma highlighted the importance of unlocking the growth potential in industries like telecoms, digital tech, and agriculture to stimulate economic activity.
- The need for faster payment systems in Africa was stressed by John Bosco Sebabi to improve transparency and ease of doing business.
- Standard Bank Group CEO Sim Tshabalala discussed leveraging the G20 Summit to attract investment into infrastructure projects in Africa, noting the continent requires around $160 billion annually for infrastructure development.
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7 Likes
Moneyweb
1w
229
Affordable housing without state subsidies – Mother City says it will work
- City of Cape Town plans to develop 12,000 affordable housing units.
- Focus is on households earning below R32,000 a month without state subsidies.
- City aims to utilize open-market affordable housing model for sustainability.
- Challenges include funding constraints and property prices in urban centers.
- City considers cross-subsidisation to ensure affordable housing projects can proceed.
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13 Likes
Moneyweb
1w
38
Absa and Reserve Bank to appeal loss in Pityana case
- Absa and the South African Reserve Bank’s Prudential Authority (PA) plan to appeal a court ruling where the PA was found to have exceeded its powers in objecting to Sipho Pityana's appointment as Absa's chair in 2021.
- The court ruling made no findings against Absa except for joint liability for costs.
- Pityana's nomination as Absa's chair was withdrawn due to concerns raised by the PA regarding his resignation from AngloGold Ashanti.
- Pityana took the matter to court, arguing that the PA acted outside the law by adopting an informal process, leading to a ruling in his favor.
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