The strongest argument for defense stocks at this point is their bulging order books. Of course, the market is ignoring execution risks right now because the quarterly earnings growth so far has not given any cause for worry. But there is another risk that the market may be overlooking, according to a senior portfolio manager Short Call spoke to.If defense companies continue to make super profits,...

Tesla chief Elon Musk will be on a two-day visit to India over the weekend, on April 21 and 22. The billionaire is scheduled to meet Prime Minister Narendra Modi and is also expected to announce some major decisions regarding Tesla and his Starlink internet service.Senior Tesla executives reportedly held a meeting with the Rajasthan government recently. Rajasthan is the latest in a growing list of...

Cool bullsVoltas shares have been on a roll of late. Conviction in the stock seems to have gone up in the last couple of sessions after the company surprised the Street with a strong operating performance in the March quarter. The proprietary desk of the Pearl brokerage had been steadily accumulating stock for HNI clients over the last few months even as most analysts tracking the sector were skep...

Equity benchmark indices registered their third weekly drop in four amid risk-off sentiment triggered by worries over global growth and the future course of interest rates. Sentiment dampened across the global markets on account of the global banking crisis intensified and spread from the US to Europe. As a result, Nifty slipped 313 points or 1.8% to close at 17100 while Sensex dropped 1145 points...

Nestle India Chairman and Managing Director Suresh Narayanan said that the company is on a path to accelerated growth in rural areas and is increasing its reach in what it calls as ‘rurban’ – a combination of rural and semi-urban areas. “When there is a big question on rural India and rural growth, I do admit that rural play of Nestle is only 20 per cent but you see the growth has been aro...