Economic Times Expert Views
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Chemicals, pharma and staffing companies good to bet on in broader market: Jitendra Gohil
“One should focus on structural themes and there are pockets of very good opportunities. We are getting more and more positive on the hiring outlook for the next few quarters or so. ”
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Jyothy Labs may hike prices again in select SKUs: Ullas Kamath
“The cost of input of goods has gone up drastically for the entire industry. We have been seeing it for the last two, three quarters now. We had to sacrifice about 3% of our gross margin.”
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We'll have even better results in the coming quarters: IDBI Bank CEO
"We have been able to recover almost 140% of the principal and still some more recoveries are expected. We have provided for our NPAs and the provision coverage ratio is 97% so similarly when some other recoveries come we can expect similar results in future, probably even better ones," says[…]
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If all goes well, Route Mobile might upgrade guidance next quarter: Rajdip Kumar Gupta
“We always give a conservative guidance to our people and if we see our three-year trajectory, we always achieve over 40% of growth and we are very sure we will overachieve this year as well. We are focussing on email and CxPaaS right now.”
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For Happiest Minds, it is all about maintaining double digit growth
"We are looking forward to adding the same number or higher number of Happiest Minds, we added 310 this quarter and our expectation is to add a similar number for the next three or four quarters," says Venkatraman Narayanan of Happiest Minds.
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Looking for value? Go for infrastructure, capital goods stocks: Sandip Sabharwal
“We need to look out for opportunities in capital goods companies. On the large cap side, L&T still looks good.”
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Should you make fresh investment in Reliance? Dipan Mehta answers
“The real issue with Reliance is that the story is pretty well discovered, analysed and many of the growth initiatives, strategic decisions, new businesses which they have entered into and those prospects have gradually got priced in the stock price.”
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Some really good pharma opportunities coming up in next 3-5 years: Ravi Dharamshi
“We are in a secular bull market and one should stick with companies that are going to generate wealth over a long period of time.”
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Dipan Mehta on what to buy in IT large and midcaps
“Rather than buying stocks like TCS, Infosys, one should make fresh investments in the high performing midcap stocks.”
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Don't exit Maruti now; add on further dips: Sandip Sabharwal
"If this correction in Maruti continues, it will be an opportunity to get into it."
ET Stocks
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Relaxo Footwears Q1 results: Net profit up 27.8% to Rs 30.96 cr
Relaxo Footwears Q1 results: Net profit up 27.8% to Rs 30.96 cr
Relaxo Footwears' total expenses were at Rs 462.15 crore, up 36.67 per cent compared to April-June 2020.
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Select pharma, metal stocks may witness more upside: Bissa
Select pharma, metal stocks may witness more upside: Bissa
Yes, Nifty has been holding on to 15600 levels quite tightly but when the world markets are at high levels they tend to create some amount of confusion for the emerging markets and that is what is happening in Indian[…]
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NTPC Q1 results: Net profit rises 17% to Rs 3,443 cr
NTPC Q1 results: Net profit rises 17% to Rs 3,443 cr
State-owned power giant NTPC on Saturday posted a nearly 17 per cent rise in consolidated net profit to Rs 3,443.72 crore for the April-June quarter on the back of higher revenues.The consolidated net profit of the company in the quarter[…]
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HDFC likely to report 6% fall in net profit on lower dividends, investment income
HDFC likely to report 6% fall in net profit on lower dividends, investment income
The company’s bottomline will also suffer from a sharp decline in investment income and dividend income during the quarter. Gross dividend income in the June quarter was at Rs. 16 crore as against Rs. 298 crore a year ago, HDFC[…]
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Finolex Industries Q1 results: Net profit zooms to Rs 146 cr
Finolex Industries Q1 results: Net profit zooms to Rs 146 cr
"The company has reported robust set of financials, despite the overall business environment remaining subdued due to the 2nd wave of the pandemic. After reaching all-time highs, the PVC prices seem to be cooling off, which is a positive sign[…]
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Unichem Laboratories Q1 results: Company posts net loss of Rs 11.48 cr
Unichem Laboratories Q1 results: Company posts net loss of Rs 11.48 cr
Drug firm Unichem Laboratories on Saturday reported a consolidated net loss of Rs 11.48 crore for the quarter ended on June 30, 2021. The company had posted a net profit of Rs 2.43 crore for the corresponding period of the[…]
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IL&FS floats RFP to sell stake in Shendra Green Energy
IL&FS floats RFP to sell stake in Shendra Green Energy
On October 12, 2006, SGEL had signed a power purchase agreement with Maharashtra State Electricity Distribution Company Ltd (MSEDCL) for 13 years and commercial operation started on December 7, 2008 after which it started selling electricity to MSEDCL, the group[…]
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Bernstein's '4 pillars of investing' & how they work to boost returns
Bernstein's '4 pillars of investing' & how they work to boost returns
William J Bernstein is a neurologist-turned-financial adviser and is the co-founder of Efficient Frontier Advisers, an investment management firm. He has contributed greatly to the empowerment of individual investors, who want to take their financial success into their own hands.
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Big rethink ahead for US Chinese-listed stocks after ugly July
Big rethink ahead for US Chinese-listed stocks after ugly July
The Nasdaq Golden Dragon China Index -- which tracks 98 of China’s biggest firms listed in the U.S. -- plunged 22% in July, its biggest one-month drop since October 2008. Amid the rubble, some investors see opportunities for companies and[…]
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ETMarkets Investors’ Guide: Can China’s tech purge benefit India?
ETMarkets Investors’ Guide: Can China’s tech purge benefit India?
ET Companies
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P&G appoints Shailesh Jejurikar as the global COO
P&G appoints Shailesh Jejurikar as the global COO
"In October, Shailesh Jejurikar will become P&G's Chief Operating Officer (COO). As COO, Shailesh will have profit/loss responsibility for P&G's Enterprise Markets (Latin America, India, Middle East, Africa, Southeast Asia, and Eastern Europe)," P&G said in a statement.
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Leadership by example critical for building culture of ethics in organisations: Murthy
Leadership by example critical for building culture of ethics in organisations: Murthy
"If you want to communicate good or bad values, your followers will pick up those habits with a lot of enthusiasm, because they are watching the leader all the time and they want to imitate the leader," he said.
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Y-Combinator backed Bimaplan appoints Yogesh Gupta as chief business officer
Y-Combinator backed Bimaplan appoints Yogesh Gupta as chief business officer
At Bimaplan, he will build upon his work over the last decade in the microinsurance segment and scale it with the help of technology to reach millions of underserved households. His product knowledge, operational expertise, and industry relationships will help[…]
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Preventing corporate frauds: Focus on accountability of entire value chain, not the auditor alone
Preventing corporate frauds: Focus on accountability of entire value chain, not the auditor alone
There are many links in the chain responsible for prevention as well detection of frauds. Auditors, however, have always found themselves at the centrestage whenever it comes to fixing accountability and liability for occurrence of frauds.
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Multinational companies get on the revival bandwagon with India's second COVID-19 wave ebbing
Multinational companies get on the revival bandwagon with India's second COVID-19 wave ebbing
The optimism comes months after operations were hit as India implemented another round of lockdowns to curb the spread of Covid-19. While e-commerce was allowed to sell only essentials, malls and non-essential stores were shut across the country and food[…]
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Wipro, Mahindra chiefs call for reopening schools as Covid cases decline
Wipro, Mahindra chiefs call for reopening schools as Covid cases decline
States like Tamil Nadu and Karnataka are yet to take calls to open schools, while others such as Uttar Pradesh and Maharashtra began opening schools in a limited manner in July itself.
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CFOs need to step up and act as strategic business partners to CEOs: Survey
CFOs need to step up and act as strategic business partners to CEOs: Survey
With the changing business landscape and digital transformation that have been accelerated by the pandemic, finance has played a pivotal role in navigating through disruptions. This has ignited a need for CFOs to step up and act as strategic business[…]
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Executive pay trends: How CEO salaries in India are treading towards transparency
Executive pay trends: How CEO salaries in India are treading towards transparency
The impact of COVID-19 on different industry segments has not been uniform and within the sectors the effects have been varied. CEOs at the helm of digital-ready businesses were able to deliver superior business performance while others who were quick[…]
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Four Mauritius-based funds with $7 bn in Adani stocks have history of wrong bets
Four Mauritius-based funds with $7 bn in Adani stocks have history of wrong bets
Before they put about 90% of their $6.9 billion under management in the Adani empire, the funds -- Elara India Opportunities Fund, Cresta Fund, Albula Investment Fund and APMS Investment Fund -- held significant stakes in two companies whose founders[…]
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Kirloskar companies tussle over right to claim 130-year legacy
Kirloskar companies tussle over right to claim 130-year legacy
Companies led by Atul and Rahul Kirloskar had earlier this month launched a new group strategy with focus on getting into consumer-centric segments and modernising their business processes. The companies also adopted a new logo.
