Veteran investor Sandip Sabharwal advises caution on precious metals, suggesting a pause in allocation due to bubble territory valuations. He remains bullish on the auto sector's secular growth and sees a strong second half for hospitality, while highlighting the defense sector's self-reliance drive and the challenges in evaluating food delivery services like Swiggy.
YES Bank shares have surged 10% over the past three sessions, touching a fresh 52-week high, as investors pile in ahead of quarterly earnings and amid renewed optimism following Japanese lender Sumitomo Mitsui Banking Corporations (SMBC) stake purchase.
UK-based Investec initiated coverage on Adani Ports with a buy rating and a target price of Rs 1,715, implying 23.5% upside from the previous close. The brokerage highlighted strong organic growth potential, efficient operations, a robust balance sheet, and deleveraging, projecting 15% revenue CAGR over FY2530. Adani Ports integrated logistics and marine services further enhance long-term growth prospects.
Global finance chiefs are facing renewed US-China trade war fears as President Trump threatens 100% tariffs, shattering hopes for a thaw. The IMF and World Bank meetings are now dominated by concerns over escalating tensions, despite the global economy's surprising resilience. This volatility has injected uncertainty into crucial economic discussions.
Shares of Reliance Power and Reliance Infrastructure fell sharply after the ED arrested senior executive Ashok Kumar Pal over alleged fake bank guarantees and invoicing. The investigation, linked to Rs 3,000 crore Yes Bank loans, is part of a broader PMLA probe into the Anil Ambani Groups financial irregularities.
Tata Capital shares slipped below the listing price after a flat debut on Monday. However, brokerages like Emkay Global and JM Financial maintained an Add rating, citing strong Tata Group backing, AAA credit rating, and diversified loan book. Analysts expect steady AUM growth and long-term value despite near-term valuation limits.
Economist Swaminathan Aiyar believes Donald Trump will yield in US-China trade disputes. However, a new cold war is emerging globally. Countries must now focus on security and self-reliance. India needs to increase defense spending and use its economic leverage wisely. Global alignments are hardening, making it difficult for India to play powers against each other.
America's new import tariffs are hitting U.S. businesses and shoppers hard. Contrary to President Trump's claims, foreign nations are not paying the price. Early signs show American firms absorbing costs and passing some to consumers. This situation complicates the Federal Reserve's efforts to control inflation. More price hikes are expected as companies adjust to the new trade regime.
