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Diwali stock picks 2024: Ambuja Cement, ICICI Bank, RIL among PL Capital's top bets for Samvat 2081

Money ControlMoney Control · 11m ago
Diwali stock picks 2024: Ambuja Cement, ICICI Bank, RIL among PL Capital's top bets for Samvat 2081
Medial

1. Ambuja Cement, owned by Adani, aims to achieve a production capacity of 140mtpa by FY28 through expansions and cost-saving measures. It plans to expand through both organic and inorganic means and is expected to have a strong financial performance. 2. Bharat Electronics has a substantial order pipeline in defense and is expected to see growth in non-defense sectors as well. Analysts predict revenue and adjusted PAT to grow steadily for the next few years. 3. Cipla's growth is expected in India and the US, driven by demand in respiratory and other segments. Though there are risks, such as FDA scrutiny, the company is projected to have positive EPS growth. 4. ICICI Bank has a strong balance sheet and is expected to deliver stable core earnings growth along with good return ratios. It is currently trading at favorable valuations. 5. LTI Mindtree's BFS segment is growing well, and the company is expected to capture both discretionary and non-discretionary spending. While margins may be temporarily impacted, growth is projected to drive margin recovery. 6. Max Healthcare Institute plans to expand its operations, and analysts predict operational efficiencies and a strong financial performance as a result. 7. Reliance Industries faces challenges in its core segments but has steady gas production and rising ARPU in Jio. The company's investments in new energy and potential demergers are expected to improve its outlook. 8. DOMS Industries has strong brand and R&D capabilities, and its diversification into different categories expands its market potential. The company has plans for significant capital expenditure to boost production capacity and is projected to have good revenue and PAT growth. 9. Praj Industries holds a significant share in India's ethanol plant market and is well-positioned to benefit from ethanol blending targets and opportunities in sustainable aviation fuel. Analysts expect steady revenue and adjusted PAT growth for the coming years.

Why Goldman stands out as a Trump-era winner on Wall Street

LivemintLivemint · 11m ago
Why Goldman stands out as a Trump-era winner on Wall Street
Medial

Goldman Sachs, the leading global bank, has seen its stock rise by almost 15% in November, outperforming other banks in the S&P 500. This surge has been attributed to the market's optimism surrounding the election of Donald Trump, who is expected to support dealmaking, regulatory easing, and private credit growth. Goldman Sachs could benefit from increased merger and acquisition activity, regulatory rollbacks, and growth in private credit and alternative assets. The bank has been strategically shifting its asset-management arm towards investing for clients through funds, which is less capital-intensive and generates steady management fees. Private credit could flourish under the Trump administration due to potential political motivations and rising Treasury yields. Goldman Sachs could see relatively greater benefits in the private-credit business compared to its competitors, and it has other measures in place to further grow its asset and wealth-management unit. However, market uncertainties and unforeseen challenges could still impact the positive outlook for Wall Street.

Content-commerce platform Lehlah raises Rs 12.5 Cr in seed round

EntrackrEntrackr · 6m ago
Content-commerce platform Lehlah raises Rs 12.5 Cr in seed round
Medial

Lehlah, a content-commerce platform that helps influencers earn money by recommending products, has raised Rs 12.5 crore ($1.46 million) in seed round led by Gruhas, an investment firm co-founded by Nikhil Kamath of Zerodha and Abhijeet Pai of Puzzolana Group. The proceeds will be used to introduce more features, grow its team, and strengthen its position in India’s booming influencer-led shopping space. Founded in December 2022 by Ashna Ruia, daughter of Essar Group director Prashant Ruia, Lehlah partners with major e-commerce platforms like Myntra, Meesho, Flipkart, and Nykaa, along with D2C brands such as Libas and Foxtale. The platform, which initially focused on fashion and beauty, is now expanding into home accessories and gadgets. The brand operates with a 50-member team, with its marketing division in Mumbai and the tech team in Bengaluru. Lehlah follows a commission-based model where brands pay the platform when sales happen through influencers. Influencers using Lehlah currently earn between Rs 50,000 and Rs 1,00,000 per month, showing the platform’s potential to create sustainable income for creators.

No-cost EMIs and BNPL schemes are attracting younger consumers who desire flexibility, ease, and control over their payments: Raj Khosla

Money ControlMoney Control · 1y ago
No-cost EMIs and BNPL schemes are attracting younger consumers who desire flexibility, ease, and control over their payments: Raj Khosla
Medial

Raj Khosla, Managing Director of MyMoneyMantra, suggests creating a budget and sticking to it to effectively manage credit cards during the festive season. He advises tracking expenses regularly through mobile apps, utilizing credit cards with benefits like no-cost EMI and cashback rewards, and using credit responsibly to build a good credit score. The choice between credit cards, no-cost EMIs, and Buy Now, Pay Later (BNPL) schemes depends on individual preferences. To maintain a good credit score, Khosla recommends paying bills and EMIs on time, keeping credit utilization below 30%, and avoiding debt traps. Future credit card rewards programs may focus on personalized experiences, cashback incentives, and partnerships with lifestyle brands. Financial independence requires saving 25-30 times one's current annual expenses, and a diversified investment strategy across equities, real estate, and gold can lead to long-term wealth creation.

PhonePe, G-Pay see decline in UPI transactions in Sept; gaming payments collapse

EntrackrEntrackr · 23h ago
PhonePe, G-Pay see decline in UPI transactions in Sept; gaming payments collapse
Medial

PhonePe, G-Pay see decline in UPI transactions in Sept; gaming payments collapse September witnessed a steady performance in India’s Unified Payments Interface (UPI) ecosystem, with a total of 19,633.43 million transactions processed during the month. While transaction volumes saw a marginal decline compared to August, the total value of payments rose slightly to Rs 24,89,736.54 crore. PhonePe retained its position as the market leader, accounting for around 45.6% of the total transaction volume and 48.4% of the total transaction value. Google Pay followed with a 34.8% share by volume and 35.1% by value, while Paytm held the third spot with 7.1% of the volume and 5.8% of the value. Comparing these figures to August, PhonePe's market share by volume saw a slight decrease from 45.74% to 45.6%, while its share by value remained stable at 48.4%. Google Pay experienced a marginal decline in both volume and value market shares, from 35.30% and 35.55% respectively in August to 34.8% and 35.1% in September. Paytm's market share remained relatively unchanged, with a slight increase from 7.0% in August to 7.1% by volume. Emerging players such as Navi and super.money expanded their presence in the UPI space, though their market shares remain modest. Navi recorded 2.7% of transaction volume and just over 1% of value, while super.money accounted for 1.3% of volume and 0.4% of value. In September, groceries and supermarkets led UPI merchant categories with 3,126.25 million transactions worth Rs 66,409 crore. Fast food outlets, restaurants, fuel stations, telecom, and utility payments also saw strong activity, reflecting continued consumer reliance on UPI for both essential and everyday purchases. Importantly, transactions for digital goods, including gaming, fell drastically. The actual numbers, including transactions related to the purchase of in-game currency, cosmetic skins, and virtual real estate, might have been included in other transactions reported by NPCI. This decline can be attributed to the Indian government’s ban on real-money gaming platforms in mid-August. Update: The earlier version of the headline and story mentioned zero transactions from digital goods. However, these may be included in other transactions in NPCI data. The information has been updated accordingly.

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