Railways and defence sectors show promising growth. Titagarh anticipates over 35% revenue growth with confirmed orders. Banking sector is performing well due to RBI's actions and reasonable valuations. UltraTech and ACC may gain pricing power in the cement industry. Defence companies like Bharat Electronics and Data Patterns have good order books. These sectors present investment opportunities.
Several penny stocks priced under Rs 10 have delivered substantial returns, ranging from 200% to 570% over the past year. These small-cap companies, including Pro Fin Capital Services and Nibe Ordnance and Maritime, have attracted high-risk investors seeking significant gains. Despite their limited liquidity, these stocks have outperformed, showcasing the potential for lucrative opportunities in the penny stock market.
President Trump rubbished media reports suggesting the US airstrikes on Iran's nuclear facilities were ineffective, asserting the sites were "completely destroyed." This contradicts a Pentagon intelligence assessment indicating limited setbacks to Iran's nuclear program.
DSP Large & Midcap Fund's 10,000 investment at launch has impressively grown to over 6 lakh in 25 years. Their disciplined 70:30 portfolio strategy, blending steady compounders with high-growth bets, navigated market volatility effectively. The fund currently favors financials, healthcare, IT, and telecom, while maintaining a balanced approach between large and mid-cap stocks.
President Tokayev affirmed Kazakhstan's dedication to reforms and reliability for investors at the Foreign Investors Council. Despite global economic challenges, Kazakhstan's economy grew by 6% in early 2024. The nation is enhancing investor protections, streamlining services, and developing infrastructure, particularly in transportation and digital sectors, to foster a sustainable and digitally-driven economy.
In the Nifty 200 pack, eight stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on June 24, according to stockedge.com's technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend. Take a look:
HDB Financial Services, backed by HDFC Bank, is launching its IPO on Wednesday, aiming to raise Rs 12,500 crore. The IPO, priced between Rs 700 and Rs 740, includes a fresh issue and an offer for sale by HDFC Bank. Brokerage houses recommend subscribing, citing strong financials, asset quality, and growth potential, with listing expected in early July.
Asian stocks showed caution as the Israel-Iran truce held and Fed Chair Powell offered balanced rate cut views. Middle East tensions eased, and Powell's flexible tone boosted equities. While the Fed remains patient, lower inflation could prompt earlier rate cuts, with markets pricing in two cuts by the end of 2025. Trump's stance on Iranian oil also surprised markets.
Uttar Pradesh, Tamil Nadu, and Maharashtra led in cash transactions through currency chests in May. These states reflect high credit and deposit demand. Five states accounted for 40% of cash deposits and withdrawals. Digital payments are rising, yet cash demand persists. Income is a key driver of currency demand in India.
