The U.S. government has urged China to show restraint regarding Taiwan while President-elect Donald Trump's comments about taking control of Greenland and the Panama Canal have stirred discussions on Chinese social media. Trump's break with diplomatic norms has led to speculations about potential implications for Taiwan, with varied opinions on whether this could create an opening for China.
Shoppers Stop share price: The company experienced an 11% increase in revenue from operations, reaching Rs 13.79 billion. Premium products accounted for 64% of the total revenue for the quarter, reflecting a 9% growth compared to the previous year.
HDFC Asset Management Company reported a 31% jump in Q3FY25 profit, reaching Rs 641 crore. Its revenue grew 39%, driven by strong QAAUM growth. Despite a recent 15% stock decline, analysts project a 26% upside.
Anshul Saigal, Founder of Saigal Capital, discusses the potential rebound of quality stocks amid market volatility, highlighting opportunities in the textiles sector and value retail. He explains recent trends, favourable conditions for exporters, and growth opportunities in Adani Group's diverse businesses.
China's economy faces challenges due to sluggish domestic spending, a property market slump, and potential trade tensions with the US. Beijing has responded with measures including expanding consumer subsidies, cutting interest rates, boosting the property sector, approving debt swaps for local governments, and issuing special bonds for land development.
Rakesh Rawal, CEO of Anand Rathi Wealth, is confident in achieving their revised guidance of Rs 900 crore in revenue and Rs 290 crore in profit. Despite market volatility, they foresee 20-25% long-term growth potential, driven by robust client acquisition, increased relationship managers, and technology enhancements. They focus on technology for customer value and are open to new products.
The companys revenue from operations in Q3FY25 dropped 23% year-on-year (YoY), falling to Rs 1,361 crore from Rs 1,774 crore in the corresponding quarter of the previous financial year.
Kabra Jewels IPO opened for subscription on January 15, aiming to raise Rs 40 crore through a fresh equity sale of 31.25 lakh shares priced at Rs 121-128 each. The company plans to use the proceeds for debt repayment, working capital, and corporate purposes. The issue is managed by Marwadi Chandarana Intermediaries and will close on January 17.
