Does automobile sector need more sops, weak demand makes market tough for cement firms; all this and more on Moneycontrol Pro
The Indian automobile industry is down in the dumps, the likes of which it has not seen in two decades.
For better transmission of interest rate changes, structural factors should first be resolved
There is pressure on govt to rescue auto sector by lowering taxes but there are some who think tax cut is not advisable
GAIL has seen a bearish Evening Star pattern at the previous minor high. Click here to read how to trade this stock
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External benchmarking of lending rates – right intent but wrong approach
The Reserve Bank of India's (RBI) order asking banks to mandatorily link a few of their lending rates to an external benchmark is the wrong approach even if the regulator has the right intent. For better transmission of interest rate changes, structural factors should first be resolved. That's a tough task and prescribing interest rate formulae is the easy way out. Read here to see what should have been done instead.
Should the government give additional sops for the automobile industry?
The Indian automobile industry is down in the dumps, the likes of which it has not seen in two decades. There is pressure on the government to rescue the sector by lowering taxes but there are some who think that a tax cut is not advisable. Read here to see whether the government should give sops or let the industry fend for itself.
The cement sector’s staying afloat in a difficult market, two stocks that stand out
Cement prices are rising even as input costs are benign but demand conditions have turned weaker in the June quarter. Given near term demand challenges, our research analyst believes companies with strong balance sheets are well-positioned to navigate the current economic downturn. Here are two stocks that seem better poised to ride out these tough times and deliver returns.
Diamonds in the Dust | Shares of this CV maker have tanked, can it ride out this rough patch?
This commercial vehicle-maker’s shares have fallen by 62 percent from its high levels achieved in April 2018. The company’s performance has been hit by tough market conditions that have clouded the outlook for the entire sector. Eventually, the long -erm potential of the sector should assert itself and see demand reviving. Read here to see why this stock that is trading at reasonable valuations could be the ride you were looking for.
GAIL: GAIL has seen a bearish Evening Star pattern at the previous minor high. Click here to read how to trade this stock.
Muthoot Finance: A breakout of an inverse Head and Shoulder pattern seen here. Read here to see how to trade this stock.
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Sunil Kumar Sinha of India Ratings warned that even if the supply-side bottlenecks get restored on account of various RBI measures it may soon run into difficulties due to the lack of adequate demand
In an article about the state of India's economy, the RBI said that e-commerce and digital technologies are likely to be bright spots in India's recovery, but pre-pandemic levels of output and employment are still a long way off
Overall, the RBI has shown a welcome range in its focus last year, from financial inclusion, promoting innovation to easing payments in the pandemic.