Raymond Lifestyle witnessed a significant 69.72% drop in its consolidated net profit for Q2 FY'25, reaching Rs 42.18 crore. This decline is attributed to subdued demand and inflationary pressures. Despite this, the company remains optimistic about the future, citing recent positive trends in the festive and wedding season and plans for retail expansion and new product launches.
Waaree Energies' shares soared to a record high after its impressive market debut, pushing its valuation beyond Rs 1 lakh crore. The solar panel manufacturer's IPO witnessed unprecedented demand, setting a new record in India. The company's robust financial performance, expansion plans, and favorable industry outlook are attracting investors.
Global Macro Strategist Arnab Das analyzes the potential market impacts of the upcoming US election. Das suggests that a Trump presidency would bring disruption through protectionist policies, while a Harris administration would likely follow similar policies but with a more multilateral approach. The impact on China relations and the 'China plus one' strategy are also discussed.
Gail Share Price: GAIL (India) Ltd reported a 11% rise in net profit to Rs 2,672 crore in the September quarter, driven by growth in gas transmission and a turnaround in the petrochemical business. Despite a drop in gas marketing operating profit, the company saw increases in transmission and petrochemicals.
Kamala Harris won in many states including Colorado, District of Columbia, New York, Vermont, Maryland, Connecticut, Massachusetts, Rhode Island, New Jersey, Delaware and Illinois. Colorado and Connecticut usually vote for Democrats. Maryland has a large Black population. Massachusetts has a long history of supporting Democrats. Rhode Island and New Jersey have consistently voted Democrat since 1988.
Titan Share Price: Titan's shares dropped after the company announced its second quarter results. Profit declined by 23.1% compared to the same period last year. Total income, however, increased by 26%. Analysts have mixed opinions on the stock. Investec and Jefferies recommend holding, while Goldman Sachs maintains a buy rating. The company's performance was impacted by a reduction in customs duty.
Donald Trump secures multiple state victories in the 2024 US presidential election. Trump wins key states like Texas, Florida, and Ohio. He also wins traditionally Republican states like Alabama, Mississippi, and South Carolina. The race for the White House continues as votes are tallied across the nation.
We enter any particular sector with a rolling 3-5 years view to earn minimum compounded returns of around 15%. So either it doubles in five years or if we are much better at catching the trend, then it would be compounding at 25% - which means doubling in 3 years.
Swaminathan Aiyar, Consulting Editor, ET Now in an interview covers potential impacts of the upcoming U.S. elections on global and Indian markets. He notes that the tight race between candidates could delay results, which may increase market volatility.A Democrat win, led by Kamala Harris, would likely mean policy continuity for India, while a Trump victory could lead to aggressive tariffs and protectionist measures that might spark trade tensions, especially if Republicans also secure Congress.Aiyar warns that a trade war scenario could harm global markets, with severe consequences for India and China.However, a gridlocked U.S. Congress might limit any drastic policy shifts, offering some stability. He also highlights Trumpism as an influential factor that could shape future policies, regardless of election outcomes.
