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After 19 months of conflict, the Israel-Hamas war persists due to irreconcilable demands. Israel aims to dismantle Hamas, while Hamas seeks a full Israeli withdrawal and end to the war. Political factors, including Netanyahu's coalition and Trump's support, further complicate prospects for resolution, prolonging the bloodshed and humanitarian crisis in Gaza.
Raamdeo Agrawal of Motilal Oswal Group anticipates a shift towards tangible assets for wealth creation. He highlights infrastructure projects as a key opportunity. Agrawal notes Berkshire Hathaway's potential move into hard assets under new leadership. He suggests they might invest in cross-country infrastructure. He also observes Berkshire Hathaway's large cash reserves.
Among the PSU bank basket, on one hand we have seen a very good set of number from Indian Bank, so there again, we feel there is a value that lies there trading at 0.9 times one year forward price to book. So, we feel the fair value of Indian Bank is close to Rs 650.
Paytm's parent company, One97 Communications, saw shares rise after reporting a narrower consolidated net loss of Rs 540 crore for Q4FY25, despite exceptional items. Revenue declined 16% year-on-year but increased sequentially. The company anticipates potential policy clarity around merchant discount rates on UPI, which could offer incremental monetization opportunities.
President Trump is reportedly planning to announce during his upcoming trip to Saudi Arabia that the U.S. will officially refer to the Persian Gulf as the Arabian Gulf or the Gulf of Arabia. This decision follows pressure from Arab nations and contrasts with Iran's historical claim to the name.
We are all aware markets do not like uncertainty of any type, and by nature, it is forward-looking. Hence, it reacts either positively or negatively depending upon the underlying developments.
Coal India is expected to post a stable performance in the March 2025 quarter, with flat revenue and modest growth in profitability aided by improved e-auction realisations and cost discipline. The companys net profit is expected to grow by an average of 4% YoY, while revenue is likely to remain largely unchanged compared to the year-ago quarter.
Brent crude futures gained 37 cents a barrel, or 0.6%, to $62.52 a barrel by 1215 GMT, while U.S. West Texas Intermediate crude was at $59.53 a barrel, up 44 cents, or 0.74%.
