Financial

Pune Wealth Management：Best Textile Stocks in India Based on 5Y CAGR

Best Textile Stocks in India Based on 5Y CAGR

The Indian textile industry is a weaving giant. It boasts a rich heritage, significant global market share, and promising growth potential. This begs the question: Should you include textile stocks in your investment portfolio?

Domestic Demand Powerhouse: India’s massive and growing population fuels a strong domestic demand for textiles. Rising disposable incomes further elevate this demand, creating a stable market base for textile companies.Pune Wealth Management

Global Player: India is a major exporter of textiles and apparel, contributing significantly to global tradeNagpur Stock. This international presence strengthens the industry’s resilience and growth prospects.

Government Support: The Indian government actively supports the textile sector through various initiatives, such as the “Make in India” program. This fosters a favourable environment for textile companies to flourish.

Technological Advancements: The industry embraces automation and digitalisation, increasing efficiency and productivity. This translates to improved profitability for textile companies.

Note: The above stocks have been selected from the Nifty 500 universe and sorted on the basis of 5Y CAGR

K.P.R. Mill Limited: KPR Mill is engaged in one of the largest vertically integrated apparel manufacturing Companies in India. The company produces Yarn, Knitted Fabric, Readymade Garments and Wind power. The company operates 6 State of Art Spinning Mills with a capacity to produce 1,00,000 MT of yarn and 10,000 MT of Vortex Viscose yarn as of March 2024. K P R Mill Ltd’s revenue fell -12.74% since last year’s same period to ₹1,708.61Cr in Q4 2023-2024. On a quarterly growth basis, K P R Mill Ltd has generated a 34.61% jump in its revenue in the last 3 months.

Swan Energy Limited: Swan Energy Limited (SEL) was originally incorporated in 1909 as Swan Mills LtdLucknow Stock. (SML), a manufacturer and marketer of cotton and polyester textile products in India. The company has an installed production capacity of 1 lakh meters per day. During FY21 to 9M FY24, the company witnessed a CAGR of ~141% in total income.

Trident Ltd: Trident manufactures and trades yarn, bath and bed linen, paper, and chemicals. During FY24, the company expanded the production capacity of the Towel Segment by installing 42 Looms (7200 Ton/pa), the Yarn Segment by installing 1,89,696 spindles for fine count enhancement, and the Sheeting Segment by 10.8 Mn meters per year in the process house and CSP.

Welspun Living Limited: Welspun Living Limited is part of the Welspun Group, one of the world’s largest home textile manufacturersNagpur Investment. The company offers a wide spectrum of Home & Technical textile products and Flooring solutions. The company registered a significant growth of 31% YoY in Domestic Consumer business with revenue of ₹ 5,502 million

India’s textile sector is one of the country’s oldest industries, stretching back millennia. India is the world’s 3rd largest exporter of textile and apparel. India ranks among the top five global exporters in numerous textile categories, with exports anticipated to exceed $100 billion. The textile and apparel industry contributes 2.3% of the country’s GDP, 13% of industrial output, and 12% of exports.

The Indian government has implemented many export promotion measures for the textile sector and allows 100% FDI in the sector through automatic methods. The Indian textiles industry’s future appears positive, thanks to robust domestic consumption and export demand. India is focusing on several key projects to strengthen its technical textile industryNew Delhi Investment. The market for Indian textiles and apparel is expected to increase at a 10% CAGR to US$ 350 billion by 2030.

Nagpur Investment

Stock

Hyderabad Stocks：Charitable giving with a charitable lead annuity trust

Charitable giving with a charitable lead annuity trust

Due to the COVID-19 pandemic and its impact on the economy, we’re seeing extraordinarily low interest ratesHyderabad Stocks. And as rates have declined over the past several months, so has an important monthly rate set by law — the Section 7520 rate, which the IRS uses to measure the value of an annuity or other stream of payments. The IRS resets the 7520 rate each calendar month, and it’s currently at an all-time low of 0.4% in September 2020Pune Investment. Low rates mean certain estate planning techniques, including a charitable lead annuity trust (CLAT), perform more favorably for the person creating them.

A CLAT is an irrevocable trust set up by the donor, who contributes assets such as cash or marketable securities to the CLAT. The CLAT then pays an annuity amount each year to a charity of the donor’s choice for the term — that is, the number of years of the CLAT’s lifetime. At that term’s end, any assets remaining in the CLAT pass to the donor’s named beneficiaries or can revert to the donor. If the donor wishes, the CLAT also can pay out to a donor-advised fund, from which further charitable gifts can be made at the direction of the donor or the donor’s family.

A CLAT can provide either income tax or estate and gift tax benefits to individuals with a desire to fund charitable organizations.

Depending on the donor’s objective, namely income tax benefits or estate and gift tax benefits, a CLAT can be structured in one of two ways: a grantor CLAT or nongrantor CLAT.

If the donor’s primary goal is to create a charitable income tax deduction, a grantor CLAT typically is the right strategySimla Stock. Upon creation of the CLAT, the donor receives an immediate deduction for the present value of the annuity stream passing to charity. However, the donor must the pay the income tax on all the CLAT’s taxable income during the term, including the portion used to pay the charity.

The income tax deduction is limited to 30% of adjusted gross income, or 20% of adjusted gross income for gifts of appreciated property. If it’s not fully used in the initial year, the deduction can be carried over for an additional five years. At the end of the CLAT term, remaining trust assets are returned to the donor.

For individuals interested in an immediate, large income tax deduction, a grantor CLAT can be a better solution than year-over-year gifting to charity.

Let’s take an example:

A donor makes a $2 million contribution of marketable securities to a CLAT with a 10-year term. Assets grow at 2.5% annually. The donor will get an immediate charitable income tax deduction of $2 million. The charity gets $2,044,000 over 10 years, and at the end of the term, the donor gets back $270,000.

The donor can opt to lower the payout to the charity, so the donor gets a smaller deduction but a greater amount back at the end of the term. This can be beneficial if you want to target the deduction to offset a set amount of income or to come in under the deduction limitation. Donors frequently use this strategy to offset a large, one-time gain, like a significant bonus or liquidation event.

If the donor’s primary goal is to transfer assets to family while potentially using none (or only a fraction) of the donor’s lifetime estate and gift exemption, a nongrantor CLAT usually fits the bill. There is no initial income tax deduction when the donor establishes and contributes assets to the CLAT, but the donor gets a charitable deduction against the value of the assets that will go to family when the CLAT term ends.

In addition, the donor doesn’t pay income tax on the CLAT income. The tax is paid by the trust, which receives a charitable deduction each year for the amount paid to charity from the CLAT.

Let’s look at the example again:

The donor contributes $2 million of marketable securities to a CLAT with a 10-year term. Based on the current 7520 rate, if the donor wanted the remaining assets at the end of the term to go to family without using any estate or gift exemption, the CLAT would pay out approximately $204,000 annually for 10 years (total of $2,044,000) to a charity or charities.

Assuming a 2.5% growth rate per year on the contributed assets, a remainder of approximately $270,000 will pass free from gift and estate tax to the donor’s heirs.

The donor can adjust to allow a larger amount to pass to heirs and a lesser amount to charity. In that case, the donor would use up some lifetime estate or gift exemption, but it would be a fraction of the amount ultimately passing to the heirs. The trustee can be given flexibility to pick charities each year or the donor can select the charities for the entire term.

A nongrantor CLAT also allows the donor to effectively fund charitable gifts with pretax income by contributing income-producing property. The income is excluded from the donor’s taxable income, and therefore the individual doesn’t need to offset it with a deduction, which is subject to various charitable deduction limitations.

A CLAT is best suited for individuals that have charitable goals and want to transfer wealth or receive a large charitable deduction in one year. Establishing a CLAT leverages a gift to charity in a way that generates tax advantages not achievable with an outright gift. Our historically low 7520 rates make the current environment ideal for individuals with charitable goals to explore using a CLAT, since the lower the 7520 rate, the larger the charitable deduction for income or estate and gift tax purposes.

For additional information, take a look at our article on wealth transfer in a low interest rate environment, and consult with your tax advisor to determine the best strategy for your individual circumstances.

Kanpur Stock

Wealth

Indore Investment：All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to www.gov.cn.

All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to www.gov.cn.

China has seen over 194 million metric tons of carbon emission allowances change hands for almost 8.5 billion yuan ($1.3 billion) since the launch of its carbon trading market a year ago, according to authorities.

The program has played a significant role in enhancing low-carbon development awareness among major emitters, as the country forges ahead with its ambitious climate targets, experts said.

Although it only covers the power generation sector now, the initiative of putting a price on carbon emissions has boosted the development of carbon-related services in industries beyond, paving the way for the market’s expansion, they said.

Carbon trading is the process of buying and selling permits to emit greenhouse gases among designated emitters.

It began on July 16 last year, and now includes nationally 2,162 power-generating enterprises, covering about 4.5 billion tons of carbon dioxide emissions. That’s already the world’s largest amount of greenhouse gas emissions covered.Indore Investment

The program imposes carbon emission limits for every unit of electricity a power plant generatesNew Delhi Wealth Management. After each cycle of trading, operators can sell any carbon allowances they have left over after complying with the benchmark. If they fall short, they will have to buy allowances.Jaipur Wealth Management

Over the past year, the carbon market has generally run smoothly, with a slight increase in trading prices, Zhao Yingmin, vice-minister of ecology and environment, said in Shanghai on July 16 at the China International Carbon Trading Conference. The carbon price opened at 48 yuan per metric ton on the first day of trading and was recently around 60 yuan per ton.

Stressing the importance of the market in helping China honor its pledge of peaking carbon dioxide emissions before 2030 and realizing carbon neutrality before 2060, Zhao said China will promote the expansion of the market step by step, adhering to the general principle of pursuing progress while ensuring stability.

From 2021 to 2025, the national carbon market will cover another seven industries with high energy consumption－iron and steel, construction materials, nonferrous metals, petrochemicals, chemicals, paper manufacturing and aviation－according to the ministry.Ahmedabad Investment

“The biggest impact of the national carbon market lies in improving the awareness of carbon neutrality among enterprises with high emissions and their managers,” said Meng Bingzhan, deputy general manager of SinoCarbon Innovation& Investment.

By putting a price on carbon emissions, the market encourages more action from enterprises to reduce their emissions and even consider profiting from reducing emissions－by selling leftover allowances－in their low-carbon development, he said.Udabur Wealth Management

Wu Wenzhang, general manager of Steelhome, an online business information platform for the steel industry, said China’s carbon goals will cause a reshuffling of the industry. “In the future, steel enterprises that achieve ultralow emissions and environmentally friendly production will have broader space for development,” he said.

Shen Yizhu, CEO of Xoeytech, a carbon-related service provider in the construction industry, said that although that industry has not yet been included in the national carbon market, leading enterprises in the real estate industry and its supply chain have shown an increasing demand for low-carbon solutions over the past year.

According to corporate information provider Tianyancha, more than 9,800 enterprises are providing carbon-related services in China, and over 1,800 of them were established in the past year. More 800 such enterprises have been set up so far this year, up 19.4 percent year-on-year.

However, Li Gao, director for climate change at the Ministry of Ecology and Environment, said that China still has a long way to go to improve its national carbon trading program.

The program has preliminarily proven its value in motivating enterprises to reduce emissions at lower cost, he said in a celebration in Wuhan, Hubei province, on July 15 for the anniversary of the market’s launch.

Udabur Stock

Management

Kanpur Investment：49.1% of Warren Buffett❼$373 Billion Portfolio Is Invested in 3 Artificial Intelligence (AI) Stocks

49.1% of Warren Buffett❼$373 Billion Portfolio Is Invested in 3 Artificial Intelligence (AI) Stocks

Warren Buffett has led the Berkshire Hathaway for more than 50 years. Between 1965 (when he took control of Berkshire) and 2022, the shares delivered a whopping 3,787,464% gain.

That translates to a 19.8% compound annual return, which is about twice the return of the benchmark S&P 500 index. It could have turned an investment of just $100 in 1965 into more than $3.7 million today. By comparison, the same investment in the S&P 500 at that time would have grown to just $24,700.Kanpur Investment

The simplest investment strategies are often the bestBangalore Investment. Buffett likes to buy stakes in profitable companies that are delivering steady growth, especially if they have strong management teams. He also favors companies returning money to shareholders through dividends and stock buybacks.

He combines those attributes with a long time horizon, which allows the effects of compound growth to build his portfolio’s value.

Buffett certainly doesn’t chase the latest stock market trends, even those as strong as artificial intelligence (AI), which whipped investors into a frenzy throughout 2023. That said, Berkshire does own several AI stocks, even if AI isn’t the reason Buffett and his team originally purchased them.

Investors might be surprised to know the following three AI stocks account for a whopping 49.1% of Berkshire’s $373 billion portfolio of publicly traded stocks.

Snowflake is a leading provider of cloud computing services to businesses. It only represents 0.3% of Berkshire’s portfolio, but it’s quickly becoming one of the most direct AI plays owned by the investment company.

Snowflake’s Data Cloud was revolutionary when it launched in 2018. It helps large, complex organizations aggregate their data from different cloud providers so it’s all in one place for maximum visibility. From there, companies can use powerful analytics tools to draw valuable insights from the data.

Snowflake recently launched Cortex, a brand new platform featuring AI tools to complement its cloud services. It Document AI service uses a large language model to help businesses extract valuable insights from data in unstructured formats like contracts or invoicesVaranasi Investment. Then there is Universal Search, which allows users to find critical information within Snowflake using natural language instead of programming language, so even non-technical employees can draw value from their organization’s data.

Cortex also includes a generative AI-powered chatbot called Snowflake Copilot, which serves as a virtual assistant. It’s capable of turning text-based prompts into computer code, which can rapidly speed up software development.

Snowflake continues to expand its workforce, with its research and development department growing the fastest. That bodes well for future product releases on the AI front, which will create new opportunities to generate revenue. The company expects to bring in $2.6 billion for its fiscal 2024 (which ends Jan. 31), but it isn’t profitable, nor does it pay a dividend.

Berkshire’s decision to invest in Snowflake stock was likely made by a portfolio manager rather than by Buffett himself. Nonetheless, it’s shaping up to be a great long-term AI play.

Amazon is one of the most diverse technology companies in the world, with dominant positions in industries like e-commerce, cloud computing, streaming, and digital advertising. Now, it’s quickly becoming one of the most diverse opportunities in AI.

Amazon is focused on delivering the widest possible range of AI products and services to businesses through its cloud computing arm, Amazon Web Services (AWS). The company has already launched its own data center chips, Trainium and Inferentia, which are designed to compete with Nvidia’s industry-leading hardware. Plus, AWS offers businesses a growing number of large language models to accelerate the development of AI applications.

In fact, Amazon recently made a $4 billion investment into leading AI start-up Anthropic. As part of the deal, AWS will be Anthropic’s primary cloud provider, and Anthropic will train its future models on Amazon’s chips. Plus, Anthropic will make those models available to AWS customers, which will help differentiate the cloud platform from its competitors.

The cloud might be Amazon’s most lucrative AI opportunity, but it isn’t its only one. The company uses an AI recommendation engine on Amazon.com to show customers products they are most likely to buy. It also uses AI on its Prime streaming service during top broadcasts like the NFL’s Thursday Night Football; it ingests millions of data points from each game to display key statistics that keep viewers informed at the highest possible level.

Berkshire Hathaway purchased Amazon stock in 2019, and its position is relatively small. But Amazon is on track to generate $523 billion in revenue in 2023, which is even more than Apple , the largest company in the world. Given Amazon’s growing exposure to AI, Berkshire might wish it owned more of the stock when it looks back in a few years.

Apple is worth over $3 trillion, making it the most valuable company in the world. Berkshire started betting on the company in 2016, and it has since plowed about $35 billion into the stock. Its position is worth $181 billion as of this writing, so it accounts for a whopping 48.4% of Berkshire’s stock portfolio.

That isn’t surprising because Apple has all the attributes Buffett loves. Its chief executive officer, Tim Cook, has led the company to consistent growth and monster profits since he took the job in 2011. Plus, Apple returns enormous amounts of that money to shareholders, including $15 billion in dividends and $77.5 billion in stock buybacks during its fiscal 2023 (which ended Sept. 30) alone.

Consumers and investors know Apple best for hardware like the iPhone, iPad, and Mac personal computers. But the company subtly uses AI throughout all of them. AI powers the autocorrect feature on all Apple keyboards, and the Siri voice assistant. Apple Music also relies on AI to learn what listeners like, so it can feed them more of that content to keep them engaged.

Plus, the Apple-designed A17 Pro chip inside the new iPhone 15 lineup can power those AI workloads on-device faster than ever. As more smartphone features use AI, putting next-generation chips in those devices can reduce their dependence on external data centers for computing power, which leads to a faster, more seamless experience for the user.

Speculation also is swirling that Apple is pumping millions of dollars per day into AI units across the company — units that are building everything from conversational AI models to generative AI applications, capable of crafting text, images, and videos. Reports suggest one such application, Ajax GPT, outperforms OpenAI’s GPT 3.5 model — the original technology that powered ChatGPT.

Jaipur Investment

Gold

Chennai Stock：India Needs ₹32 Lakh Cr in Renewable Energy by 2030： IREDA

India Needs ₹32 Lakh Cr in Renewable Energy by 2030： IREDA

New Delhi, Oct 21 (PTI) India will require about Rs 32 lakh crore of investment in the renewable energy sector by 2030 to meet its targets, Indian Renewable Energy Development Agency’s (IREDA) Chairman & Managing Director Pradip Kumar Das said on Monday.

Speaking at the 23rd India Power Forum 2024, Das called on lenders to adopt a more customer-centric and sector-focused approach, emphasizing the need for timely financial solutions and innovative offerings tailored to the renewable energy sector.

He stressed the pivotal role of renewable energy in India’s journey towards creating a net-zero-compliant power sector.Chennai Stock

Das pointed out that India will require an estimated investment of approximately Rs 32 lakh crore in the renewable energy sector by 2030 to meet its targets.

This phase will focus on ramping up renewable energy generation to meet immediate needs.Simla Wealth Management

From 2031 to 2047, the focus will shift towards developing the necessary infrastructure to support a fully decarbonized economy, creating a strong and sustainable pathway to a ‘Viksit Bharat’ (Developed India) by 2047.

This roadmap will ensure a resilient and sustainable transition to net-zero emissions by 2070.Udabur Stock

Das also underlined the significance of emerging renewable technologies such as Green Hydrogen, Offshore Wind, and E-Mobility, noting that they will also play a central role in reaching these ambitious goals.Mumbai Wealth Management

“Decarbonization is not just essential for addressing climate change, but it is also crucial for securing our future generations,” Das said adding that by adopting clean energy, India has the opportunity to unlock new economic avenues and strengthen its energy security for the long term.

Mumbai Investment

Gold

Nagpur Stock：17 Trending AI Stocks on Latest Analyst Ratings and News

17 Trending AI Stocks on Latest Analyst Ratings and News

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

The whispers are turning into roars.

Artificial intelligence isn’t science fiction anymore.

It’s the revolution reshaping every industry on the planet.

From driverless cars to medical breakthroughs, AI is on the cusp of a global explosion, and savvy investors stand to reap the rewards.

Here’s why this is the prime moment to jump on the AI bandwagon:

Exponential Growth on the Horizon: Forget linear growth – AI is poised for a hockey stick trajectory.

Imagine every sector, from healthcare to finance, infused with superhuman intelligence.

We’re talking disease prediction, hyper-personalized marketing, and automated logistics that streamline everything.

This isn’t a maybe – it’s an inevitability.

Early investors will be the ones positioned to ride the wave of this technological tsunami.

Ground Floor Opportunity: Remember the early days of the internet?

Those who saw the potential of tech giants back then are sitting pretty today.

AI is at a similar inflection point.

We’re not talking about established players – we’re talking about nimble startups with groundbreaking ideas and the potential to become the next Google or Amazon.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.Nagpur Stock

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

So, buckle up and get ready for the ride of your investment life!

Act Now and Unlock a Potential 10,000% Return: This AI Stock is a Diamond in the Rough (But Our Help is Key!)Kanpur Wealth Management

The AI revolution is upon us, and savvy investors stand to make a fortune.

But with so many choices, how do you find the hidden gem – the company poised for explosive growth?

That’s where our expertise comes in.

We’ve got the answer, but there’s a twist…

Imagine an AI company so groundbreaking, so far ahead of the curve, that even if its stock price quadrupled today, it would still be considered ridiculously cheap.

That’s the potential you’re looking at. This isn’t just about a decent return – we’re talking about a 10,000% gain over the next decade!

Our research team has identified a hidden gem – an AI company with cutting-edge technology, massive potential, and a current stock price that screams opportunity.

This company boasts the most advanced technology in the AI sector, putting them leagues ahead of competitors.

It’s like having a race car on a go-kart track.

They have a strong possibility of cornering entire markets, becoming the undisputed leader in their field.

Here’s the catch (it’s a good one): To uncover this sleeping giant, you’ll need our exclusive intel.

We want to make sure none of our valued readers miss out on this groundbreaking opportunity!

That’s why we’re slashing the price of our Premium Readership Newsletter by a whopping 70%.Nagpur Investment

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Guoabong Stock

Management

Agra Investment：Top 10 Microcap Stocks in India： List of Best Microcap Shares for 2024

Top 10 Microcap Stocks in India： List of Best Microcap Shares for 2024

The views expressed in this article are those of the author and do not necessarily reflect the views of Smallcase Technologies Private Limited (STPL) or any of its associates. The information provided in this article is for educational and informational purposes only. Investors are responsible for their investment decisions and are responsible to validate all the information used to make the investment decision. Investors should understand that his/her investment decision is based on personal investment needs and risk tolerance, and performance information available on here is one amongst many other things that should be considered while making an investment decision. Past performance does not guarantee future returns.Agra Investment

Investments in securities market are subject to market risks. Read all the related documents carefully before investingJaipur Investment. Registration granted by SEBI, membership of BASL (in case of IAs) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. The examples and/or scurities quoted (if any) are for illustration only and are not recommendatory.

The content and data available on the website, including but not limited to index value, return numbers and rationale are for information and illustration purposes only. Charts and performance numbers do not include the impact of transaction fee and other related costs. Past performance does not guarantee future returns and performances of the portfolios are subject to market riskMumbai Investment. Data used for calculation of live returns and other information is provided by exchange approved third party vendors and has neither been audited nor validated by the CompanyKanpur Stock. Detailed return calculation methodology is available

here. Detailed volatility calculation methodology is available

Kanpur Investment

Wealth

Guoabong Investment：Oil India shares gain over 30% in three sessions. Here’s why

Oil India shares gain over 30% in three sessions. Here's why

Shares of Oil India jumped nearly 10% on Friday to hit a fresh 52-week high of Rs 617 on the NSE on favourable views by a couple of brokerages despite the company reporting a year-on-year (YoY) decline in its December quarter net profit.

US brokerage Morgan Stanley reiterated its overweight stance on Oil India shares while Motilal Oswal maintained a buy view.Guoabong Investment

The company announced its October-December quarter earnings on February 13, Tuesday after market hours and the stock has gained more than 30% since then. Today’s gains mark a streak of four successive wins.

The state-run company reported a net profit of Rs 1,584.28 crore which was down by 9.2% from Rs 1,746.10 crore reported by the company in the corresponding quarter of the previous financial year.

The leading fully integrated oil & gas company reported Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) for the nine months ended December 31, 2023, at Rs 8,474.47 crore which was up from Rs 8,399.17 crore in Q3FY23. The EBITDA margin also improved to 47.28% vis-à-vis 44.96% on the YoY basis. The Earnings Per Share (EPS) during the period stood at Rs 32.49 per share.

OIL achieved a 5.68% increase in crude oil production reaching 2.511 MMT compared to 2.376 MMT in the same period last year, the company filing said.

Morgan Stanley remains ‘Overweight’ on Oil India with a target price of Rs 487Hyderabad Stocks. The company is growing well with bullish guidance, Morgan said in its stock review note. Oil India’s hydrocarbon growth and refining operations stood out on a global context, it noted.

The company remains a key overweight play on refining margins with the potential to grow gas production significantly as its connectivity with India’s gas grid completes, Morgan said.

Meanwhile, Motilal Oswal said that its production outlook remains robust going forward and Oil India remains a strong conviction with a 1.2x FY25E P/B (standalone) valuation.

“It is a unique play to benefit from the strong multi-year upcycle in both upstream and refining. The stock currently trades at a P/E multiple of 7.2x FY25E EPS and 5.5x FY25E EV/EBITDA” Motilal Oswal said. It values the stock at 7X December 2025E standalone adjusted EPS and adds investments to arrive at the target of Rs 650 while maintaining a ‘Buy’.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

Chennai Investment

Stock

Hyderabad Wealth Management：Nvidia stock has another 24% to climb as it looks poised to dominate the computing market for the next decade, Bank of America says

Nvidia stock has another 24% to climb as it looks poised to dominate the computing market for the next decade, Bank of America says

Nvidia shares have more room to climb even after its latest rally to record highs, as the chipmaker appears to be on track to dominate the computing market for years to come, according to Bank of America.

The bank reiterated its “buy” rating on the stock in a note on Wednesday, adding that the firm led by Jensen Huang remains a top pick in the IT sector. BofA strategists have a 12-month price target of $1,500 a share, implying another 24% upside from where the stock was trading late Thursday morning.

“NVDA best positioned to enable the $3 Trillion IT industry toward delivering AI services. Despite claims by rivals (AMD, Intel, custom chips, or ASICs) we see NVDA with a multi-year lead in performance, pipeline, incumbency, scale and developer support,” strategists said in the note.Hyderabad Wealth Management

Vivek Arya, a senior semiconductor analyst for the bank, added that he believed the stock would dominate the computer market for the next decade. That’s because the IT sector undergoes “multi-decade infrastructure upgrade cycles,” and markets are witnessing the start of the next decadelong cycle, Ayra said.

“We think that the spending could be anywhere between $250-$500 billion a year, and Nvidia is leading the charge,” he told Yahoo Finance this week.Indore Investment

Nvidia’s stock has been unstoppable in the last 18 months, ever since OpenAI released ChatGPT and set off an artificial intellilgence arms race. Nvidia chips have been effectively the only game in town when it comes to powering the AI models that have captured the attention of consumers and Wall Street investors.

On Wednesday, the stock hit fresh records, with the company’s total market cap vaulting past that of Apple to become the world’s second most valuable company.Simla Stock

Nvidia stock undergo a 10-for-1 split on Friday, a move that could be a catalyst for further gains as a lower share price helps draw more attention from retail investors.Varanasi Investment

Udabur Stock

Investment

Jaipur Wealth Management：Inbound investment booms in China as global uncertainty increases

Inbound investment booms in China as global uncertainty increases

Inbound investment sprees in China as the COVID-19 pandemic weighs on global uncertainty, research firm Rhodium Group says in an online report.

The firm dived into data, which tells an opposite story from people’s conventional perspective. Unlike in the 2008 financial crisis, there are no signs of Chinese capital rushing out to buy overseas equity of which values have been depressed by the COVID-19 pandemicJaipur Wealth Management. Instead more foreign firms are buying into China, including deals in the more sensitive industries of finance and technology.Indore Stock

“Over the past 18 months, we have recorded levels of foreign M&A (mergers and acquisitions) into China that were not seen in the previous decade,” the firm’s partner Thilo Hanemann and founding partner Daniel Rosen noted in the report.

“Most of that activity has been driven by American and European firms taking advantage of looser foreign ownership limits or betting on Chinese consumer demand,” the report read.

Contributors to surging Chinese inbound investment

One factor favorable for foreign investors is the continuous efforts by China to open up its financial sector. Over the past years, the Chinese government has gradually increased the number of industries in which foreign businesses can operate, and has also removed foreign ownership caps for banks, financial assets management, brokerage, futures and insurers.

In May, Volkswagen pumped 2 billion euros in two Chinese NEV firms. The German auto giant is taking control of its joint venture with Anhui Jianghuai Automotive for 1.1 billion U.S. dollars, marking the first case of mixed ownership reform of state-owned car enterprises in China, which involves foreign capitalUdabur Stock. It is also buying a 26-percent stake in Chinese battery maker Guoxuan High-Tech for 1.2 billion U.S. dollars.

Additionally, many foreign financial institutions in particular are buying up majority stakes in their Chinese joint ventures and applying for licenses to manage more local money, such as Morgan Stanley and Goldman Sachs, who have received regulatory approval in March to buy majority stakes in their joint ventures in China.

The Rhodium report pointed out that another factor behind the investment trend is that, in some industries, Chinese businesses have now become leaders – partly through the rise of start-ups and government policy support.

“For the first time, therefore, it is attractive for foreigners to buy technology and industrial assets rather than build from scratch,” the report noted.

Non-stop opening-up despite external tensionsLucknow Stock

Since the U.S. began stepping up pressure on China with tariffs about two years ago, the political campaign has spread to technology and finance. Despite an increasingly tense geopolitical environment, business interest of foreign investors in China is rising.

The COVID-19 pandemic is dragging down the world economy to the worst situation since the Great Depression. Both largest economies contracted in the first quarter. China’s economy is fighting to recover with the outbreak being under control, while many economists expect the U.S. GDP will fall by more than 40 percent in the second quarter.

Amid the economic and geopolitical pressures, Chinese companies are investing less overseas, according to data disclosed by China’s Ministry of Commerce. But foreign investment rose 7.5 percent in May to 68.63 billion yuan (9.87 billion U.S. dollars) year on year.

China’s top regulators emphasized at the high-level Lujiazui Forum financial conference in Shanghai last week that the country will keep opening up its local market to the world

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