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Stock Picks Today: TCS, Dr. Reddy's, Dixon Tech, Lenskart, And More On Brokerages' Radar
Brokerage radar
Stocks To Watch Today: TCS, Anand Rathi Wealth, Bajaj Finserv, Restaurants Brand Asia, JSW Cement & More
Here's a look at stocks that are likely to be in focus during the trading session on Friday.
Stocks in news: TCS, Groww, Shriram Finance, Dixon Tech, Anand Rathi Wealth
Indian markets saw a rebound on Thursday, recovering from Wednesday's sharp sell-off. TCS reported a 5% year-on-year profit growth, and Groww affirmed its direct mutual fund strategy. Shriram Finance is raising funds to reduce borrowing costs after a rating upgrade. Maruti Suzuki plans to add service points, and Dixon Tech will expand smartphone manufacturing. Premier Energies commissioned a solar module facility, and Anand Rathi Wealth saw profit rise.
Hotels chase execution as investors check in on launch timelines
As India's hotel sector targets over 300,000 rooms by 2029, investment focus shifts to execution and timely openings. Delays challenge listed companies, while analysts highlight the need for operational hotels to drive revenue growth in a stabilizing market.
Jewellery companies put shine on D-St with strong biz updates
Jewellery stocks surged significantly on Thursday, defying broader market weakness. Companies reported robust business updates for the April-June quarter, showcasing resilience. Senco Gold and Kalyan Jewellers posted strong revenue and same-store sales growth. Despite macroeconomic challenges, demand for organised players remained healthy. Investors are advised to focus on fundamentally strong, organised jewellery companies.
EMS players rally after govt extends customs duty sops
Electronic manufacturing services players' shares rose Thursday after duty concessions were extended. This relief covers machinery for lithium-ion battery and display component manufacturing. The government's move reinforces its commitment to the domestic electronics ecosystem. Shares of Syrma SGS Technology and Dixon Technologies are strong performers. This import duty concession should act as a tailwind for the sector.
Samsung in rejig mode to boost India play: Company to remove overlapping functions across TV & home appliances units
Samsung is restructuring its Indian operations to improve profitability in home appliances. This move follows pressure from slowing smartphone demand and rising component costs. The company aims to eliminate operational layers and overlapping functions within its sales divisions. Job losses are possible as Samsung seeks to accommodate most employees in new roles. This restructuring initiative may extend to other global subsidiaries of the electronics giant.
Biocon shares in focus as Viatris-owned Mylan plans stake sale via block deal: Sources
Viatris-owned Mylan is looking to sell part of its 5.64% stake in Biocon through a block deal in the next seven to eight days, according to sources. The size, pricing and buyers are yet to be determined.
18 months on, Dixon gets govt nod for JV with China's Vivo
The venture, in which Dixon will hold 51%, will also see Dixon operate as an original equipment manufacturer, which means that the latter may, in the long run, create its own smartphone brand—or assemble smartphones for other clients in its factories in India.
Dixon-Vivo JV gets govt approval for smartphone manufacturing under Press Note 3
Shares of Dixon Technologies (India) Ltd ended at ₹13,490.00, up by ₹562.20, or 4.35%, on the BSE.
Govt Clears Dixon Tech's JV With Vivo For Smartphone Manufacturing
Dixon Tech holds 51% stake in the JV.
Multibagger defence stock Apollo Micro Systems to be in focus on Friday; here's why - livemint.com
Multibagger defence stock Apollo Micro Systems to be in focus on Friday; here's whylivemint.com