The management also highlighted that private sector capex remains largely muted, adding that it is difficult to say if the private capex pick-up seen in November and December will sustain going forward.
The long-term set-up, as seen in a 10-year monthly chart below, gives us a defined and minimal target to the $33 area. That’s a 20% upside from current levels. Given the four-year base of this bottom, the longer-term potential could take the ETF to the low $40’s.
Beyond the track record of the promoter and earnings growth, the veteran investor also looks at the efficiency in cash collection.
According to Kotak, Thermax stands out among diversified capital expenditure plays because of the strength of its order inflows, even though it does not rely on lumpy orders. A large order win in the third quarter has increased the year-end…
Equity mutual fund inflows rose to ₹29,900 crore in the month of November, the latest AMFI data showed with SIP contributions continuing to remain strong. Mutual Funds bought shares worth ₹43,400 crore in the month of November, while FIIs were…
Parthiv Jhonsa of Anand Rathi expects steel prices in India to rise by ₹1,500–2,000 per tonne by early January. He remains confident about the company’s balance-sheet capacity to fund the capex. In the broader metals outlook, he is most bullish…
Gold nears a seven-week high as US Federal Reserve signals rate cuts, with 24 karat gold at ₹13,266 per gram in India. Silver hits $64.31 per ounce, driven by strong demand and a weaker dollar.
Manishi Raychaudhuri, CEO of Emmer Capital Partners, remains constructive on private-sector banks, consumer discretionary names—including autos, hospitals and diagnostics—and large conglomerates such as Reliance Industries.
International Trade expert Abhijit Das said the discussion between US President Donald Trump and Prime Minister Narendra Modi has “definitely brightened” prospects. He cautioned that agriculture and digital trade remain major hurdles.
IRB Infra’s shares have corrected nearly 30% so far in 2025. CLSA’s target is also the highest on the street for the stock.