Author: businessinvestopedia.com

Motilal Oswal has a buy call on ACC Ltd. with a target price of Rs 3,300. The current market price of ACC Ltd. is Rs 2,707.4.Established in 1936, ACC Ltd. is a leading company (market capitalisation Rs 50678.15 Crore) operating in the cement sector. ACC Ltd.’s major product/revenue segments include Cement, Ready Mix Concrete, Other Operating Revenues and Scrap for the year ending December 31, 2021. Financials For the quarter ended March 31, 2024, the company reported consolidated total revenue of Rs 5,528.45 crore, up 10.56% from total revenue of Rs 5,005.1 crore in the previous quarter and up 12.59%…

Showing homes available for sale in Austin, TX on May 22, 2024. Brandon Bell | Getty ImagesWhen Rachel Burress moved into her mother’s house about 10 years ago, it seemed like a temporary pause on her journey to homebuying.The 35-year-old hairdresser has spent the past few years improving her credit score and saving for a down payment, but with mortgage interest rates hovering near 7 percent and home prices soaring, the mother of three doesn’t see herself being able to sign the contract to buy her own home anytime soon.”I don’t even know if I’ll ever be able to go…

HDFC Life Insurance Company is expected to report annualised premium equivalent (APE) of Rs 2,910 crore, up 22 per cent year-on-year, for the quarter ending June 30, 2024. However, APE could decline by 40 per cent quarter-on-quarter, according to an average estimate from three brokerages.The value of new business (VNB) of the company is estimated at Rs 7,140 crore in Q1FY25, up 17 per cent over the same period last fiscal.HDFC Life is scheduled to announce its results for the April-June quarter on Monday, July 15.Key areas to monitor going forward include product level growth, particularly in protection products, and…

Dividend-paying stocks can boost returns in investors’ portfolios and provide certainty in volatile markets.Investors can track Wall Street analyst ratings to choose stocks in dividend-paying companies with attractive growth prospects that could lead to rising earnings and cash flows that can support higher dividends.Here are three dividend stocks that look attractive, according to top Wall Street experts at TipRanks, a platform that ranks stocks based on analysts’ past performance.Northern Oil and GasThe first dividend stock of the week Northern Oil and Gas (NOG) is engaged in the acquisition, exploration and production of oil and natural gas assets primarily in the…

NEW DELHI: Japan’s SoftBank’s investment arm, SoftBank Vision Fund, exited Paytm at a loss of about $150 million in the June quarter, people familiar with the matter said. SoftBank invested about $1.5 billion in Paytm brand owner One97 Communications in 2017 in installments. “SoftBank exited Paytm at a loss of 10-12 percent, with the total loss being about $150 million,” one of the people said. SoftBank held around 18.5% stake in Paytm before the company’s initial public offering (IPO) in 2021. The company held 17.3% through SVF India Holdings (Cayman) Ltd and 1.2% through SVF Panther (Cayman) Ltd. SVF Panther…

A logo sign outside the Smith & Nephew facility in Austin, Texas.SIPPL SIPA USA | APCompany: Smith & Nephew (SN.-GB)work: Smith & Nephew is a British medical technology company operating worldwide. It develops, manufactures and distributes medical devices and services. Its business areas include Orthopaedics, Sports Medicine, ENT and Advanced Wound Management. The Orthopaedics division includes hip and knee implants to replace damaged or worn joints, robotic and digitalised technologies, trauma products to stabilise severe fractures and correct hard tissue deformities. The Sports Medicine and ENT businesses offer advanced products and instruments used to repair or remove soft tissue. The…

Potential homebuyers stop by a property for sale during an open house on September 3, 2023, in the Clarksburg, Maryland, residential neighborhood.Robert Schmidt | AFP | Getty ImagesIt’s no secret that the housing market looks very different than it did just a few years ago.High mortgage rates and home prices have robbed consumers of purchasing power, while limited supply has left the market competitive, resulting in dramatically less affordable housing than it was at the start of the pandemic.The six charts below will help explain what this special moment is like and what it means to you.30-year mortgage rates are…

NEW DELHI | BENGALURU: HCL Tech, India’s third-largest software exporter, reported a 6.8% rise in net profit to Rs 4,257 crore quarter-on-quarter, beating ET analysts’ estimates of Rs 3,745 crore. The increase was mainly due to a surge in non-core revenues in the June quarter amid weak demand.Revenues and margins declined quarter-on-quarter. The company’s EBIT stood at INR 4,795 crore, down 4.4% quarter-on-quarter and up 7.5% year-on-year. Several technology stocks surged to all-time highs on Friday, spearheading a strong performance for broader equity indexes, following the release of Tata Consultancy Services (TCS) earnings on Thursday. TCS led five technology companies,…

Covered call exchange-traded funds, which offer attractive yields that can reach 10% or more, have become a popular investment. The product essentially invests in stocks and sells call options on all or part of the portfolio. The result is income for investors based on the option premium in exchange for a capped upside if the option is exercised. “The dividend is not free,” said Morningstar Managing Research Analyst Lan Anh Tran. “The dividend comes at the expense of upside.” This can be costly, especially when the market is rising. The fund should outperform when the market is flat or falling,…

Citi CEO Jane Fraser speaks at the Milken Institute Global Conference in Beverly Hills, California on May 1, 2023. Patrick T. Fallon | AFP | Getty ImagesCitigroup The company reported second-quarter results Friday that showed better-than-expected profit and sales, buoyed by an economic recovery on Wall Street.Here’s what the company reported:Earnings: $1.52 per share (vs. LSE forecast of $1.39)Revenue: $20.14 billion (vs. forecast of $20.07 billion)The bank said net income rose 10% year over year to $3.22 billion, or $1.52 per share. Revenue rose 4% to $20.14 billion.Equity trading revenue rose 37% to $1.5 billion, driven by strong derivatives and…