GAGA Share Market News

[hfe_template id='11223'] [ad_1] Shares of Polycab India climbed as much as 3.3% on Friday to Rs 4,828 on the BSE, rebounding from an 18.8% plunge in the previous session as investors reassessed the competitive risks posed by UltraTech Cement’s surprise entry into the wires and cables industry. The recovery came after a brutal selloff on Thursday, when HSBC slashed target prices for leading wires and cables companies by up to 23%, citing UltraTech’s Rs 1,800 crore investment as an “industry-fragmenting” event that could weigh on long-term earnings growth for incumbents. The recovery in Polycab shares was part of a broader rebound in the sector. KEI Industries rose 4.2% higher on Friday to Rs 3,123.15 on the BSE, R R Kabel climbed 3.4%, while Havells reversed gains to trade flat on Friday. Despite the price cuts, HSBC maintained its ‘buy’ ratings on Polycab, Havells India, and R R Kabel, while keeping KEI Industries at ‘hold.’ The brokerage lowered its price targets on Po...

[hfe_template id='11223'] [ad_1] Aditya Birla Group company UltraTech Cement’s surprise foray into the Rs 80,000 crore wires and cables (W&C) segment has sent shockwaves through the industry, mirroring the disruption its parent company, Grasim Industries, has already triggered in the paints sector with Birla Opus. Shares of wires and cables manufacturers Polycab, KEI Industries and Havells fell up to 20% on Thursday as investors fear that UltraTech’s Rs 1,800 crore capex can lead to de-rating and margin pressure for existing players. Polycab shares nosedived 16%, while KEI Industries plunged 20%, Havells India dropped 9%, and RR Kabel followed suit with a 13% slide. UltraTech’s move has raised pressing questions: Will the Aditya Birla Group replicate its aggressive playbook and force a sector-wide de-rating, much like it did with Asian Paints and Berger Paints? And how vulnerable are existing incumbents like Polycab, KEI Industries, and Havells? UltraTech’s Big Bet o...

[hfe_template id='11223'] [ad_1] The shares of companies like Wipro, Coforge and Persistent Systems among others are expected to gain attention in the upcoming week as their record dates approach for corporate actions such as dividends, bonus share issuances, and stock splits. The record date is a crucial benchmark set by companies to identify the shareholders entitled to receive benefits such as dividends, stock splits, or bonus shares. Investors must ensure that their shares are reflected in their demat account on or before this date to qualify for the respective corporate actions. For this, shareholders are eligible if they purchase the stock at least one day before the ex-date, as the settlement occurs on a T+1 basis. On the other hand, investors who buy shares on the ex-date will not qualify for dividends, bonus shares, or splits. Notably, with the implementation of the T+1 settlement framework, the record date and ex-date often coincide, making it simpler for inves...

[hfe_template id='11223'] [ad_1] We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Synopsis Brokerage firms remain optimistic about Dalmia Bharat, KEI Industries, and Paytm despite sectoral challenges. Jefferies targets 17% upside for Dalmia Bharat, UBS sees 42% upside for KEI, and CITI expects 17% upside for Paytm, focusing on growth and market potential. Leading brokerage firms have shared their latest views on Dalmia Bharat Ltd, KEI Industries Ltd, and Paytm, maintaining a positive outlook on these companies despite sectoral challenges and recent market dynamics.While Jefferies and UBS highlight opportunities in the cement and industrial cable sectors, respectively, CITI underscores Paytm's strategic pivot towards growth and monetization.We have collated a list of recommendations from top ETMarkets.com Jan 22, 2025, 09:39:00 AM IST Gift A Story Share member-only stories with your friends or family and help them read ...

[hfe_template id='11223'] [ad_1] The cables and wires (C&W) sector continues to thrive, driven by robust domestic demand and expanding global opportunities. Recent trends reflect the sector's resilience and growth potential, positioning it as a cornerstone of India's industrial and infrastructure expansion. Domestic demand for C&W products remains robust, fuelled by rapid electrification, infrastructure development, and growth in sectors such as power transmission and distribution (T&D), real estate, and transportation. This demand is projected to drive an 11-13% CAGR in the domestic market from FY24 to FY27. Simultaneously, exports have shown significant traction, growing 25% YoY in October 2024 and 8% YoY during April-October 2024. Notable markets like Saudi Arabia and Oman have reported strong growth, with India benefiting from competitive pricing, international compliance, and diversified offerings. India’s position as a net exporter of C&W si...

[hfe_template id='11223'] [ad_1] Indian Railway Finance Corporation Share Price 158.72 03:59 PM | 30 Sep 2024 1.91(1.22%) Suzlon Energy Share Price 80.05 03:59 PM | 30 Sep 2024 -1.05(-1.29%) Indian Renewable Energy Development Agency Share Price 234.88 03:59 PM | 30 Sep 2024 2.69(1.16%) Tata Motors Share Price 974.65 03:59 PM | 30 Sep 2024 -18.36(-1.85%) YES Bank Share Price 22.48 03:59 PM | 30 Sep 2024 -0.26(-1.15%) HDFC Bank Share Price 1732.05 03:59 PM | 30 Sep 2024 -20.61(-1.18%) NHPC Share Price 94.95 03:59 PM | 30 Sep 2024 -0.4(-0.41%) Rail Vikas Nigam Share Price 531.45 03:59 PM | 30 Sep 2024 5.11(0.97%) State Bank of India Share Price 787.9 03:59 PM | 30 Sep 2024 -14.75(-1.84%) Tata Power Company Share Price 482.6 03:59 PM | 30 Sep 2024 -2.9(-0.6%) Tata Steel Share Price 168.55 03:59 PM | 30 Sep 2024 2.0(1.21%) Adani Power Share Price 656.15 03:59 PM | 30 Sep 2024 1.86(0.29%) One97 Communications Share Price 688.3 03:59 PM | 30 Sep 2024 16.0(2.38%) Punjab Nationa...

[hfe_template id='11223'] [ad_1] Shares of wire and cable makers KEI Industries rose 4% to its day’s high of Rs 4,550 while those of Polycab rose 3.7% to Rs 6,881 on BSE after the global brokerage firm UBS initiated coverage on the stocks with a buy rating and a target price of Rs 6,150 and Rs 8,550 respectively. Stating that both companies are best plays on electrification, UBS stated that the favourable supply-demand dynamics are likely to benefit the industry leaders. The current $8 billion segment is estimated to be worth $20 billion in FY30 while the market share of the top five companies is expected to rise. Shifting global supply chain and incumbents' sizeable capacity should lift export revenue and the global brokerage firm sees a 16% and 24% earnings CAGR over FY24-27 for Polycab and KEI respectively. UBS also believes that compounding earnings are likely to support expensive valuations and thinks that consensus has underappreciated potential ramp-up of expo...