Broker’s Call: Star Cement (Buy)

Broker’s Call: Star Cement (Buy)

Target: ₹295 CMP: ₹219.20 Star Cement reported healthy growth across financial parameters led by robust year-on-year volume growth of 21.5 per cent. Revenue/EBITDA/PAT grew 22.4 per cent/94.3 per cent/720.3 per cent to ₹880 crore/₹203 crore/₹74 crore respectively. PAT saw significant jump, primarily on low base, from about ₹9 crore to ₹74 crore. The company’s capex […]

Rupee could strengthen in near-term on back of India-US trade deal

Rupee could strengthen in near-term on back of India-US trade deal

Analyst says the 89.80–90.00 zone has now emerged as a strong support base for the rupee against the US dollar. The rupee could find short-term support in the wake of India and the US reaching a framework for an Interim Agreement regarding reciprocal and mutually beneficial trade, with market experts seeing the Indian currency strengthening […]

IPO-bound PhonePe targets growth in payments, merchants, new platforms

IPO-bound PhonePe targets growth in payments, merchants, new platforms

Walmart-backed PhonePe, which aims to float its initial public offering (IPO) in April, plans to deepen its presence in India’s digital payments market while expanding into financial services and new consumer platforms. In its draft papers, the company said digital payments will remain the core driver of growth, supported by investments to expand its user […]

Never say die attitude, not for naive F&O retail investors

Never say die attitude, not for naive F&O retail investors

F&O trading is a zero-sum game in which one participant’s loss is another’s gain Year 2026 is going to be even more challenging for F&O (futures & Options) traders, apart from routine known risks. While presenting the Budget on February 1, Finance Minister Nirmala Sitharaman announced an increase in the securities transaction tax (STT), stating […]

Tata International, Mercuria join hands for commodities trading venture

Tata International, Mercuria join hands for commodities trading venture

Noel ​Tata, chairman of ⁠Tata International Global commodities trading house ‍Mercuria will form a joint ​venture with Tata International to expand ‌its presence in India ​and assist the conglomerate with trading a diversified basket of commodities, the pair said in a statement on Friday. “By combining Tata International’s reach and credibility with Mercuria’s ​global capabilities, […]