Latest news with #ConsumerDurables
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Business Standard
3 days ago
- Business
- Business Standard
Sensex, Nifty trade choppy as Fed decision nears, West Asia tensions rise
Indian equities witnessed a choppy trading session by midday, with the benchmark indices, Sensex and Nifty, swinging between gains and losses. After a negative start, the Nifty50 index staged a brief rally, nearing the 25,000 level, but failed to hold the upward momentum. As the session progressed, the index slipped back into negative territory as investors turned cautious ahead of US Fed policy decisions and rising geopolitical tensions in West Asia. Last checked, the Nifty50 was trading at 24,791.3 levels, down 62.1 points or 0.25 per cent and the Sensex was down 220.23 points or 0.27 per cent at 81,363.07 levels. The majority of sectors, barring Nifty Auto and Consumer Durables, were trading lower on Wednesday. The Nifty Media index emerged as the top laggard, followed by IT, Metal, FMCG, Oil & Gas, Energy and Pharma. The Nifty Auto index was trading higher amid reports that India is looking to hedge supply chain risks in rare earth magnets by exploring alternative sources like Australia, Argentina, Brazil, and Chile as China is limiting its exports. In the broader markets, the Nifty Midcap 100 index was down 0.37 per cent and Nifty Smallcap 100 was trading flat with a negative bias. From the Sensex constituents, Nestle India, Adani Ports, Hindustan Unilever, L&T and Tata Steel were the top laggards. IndusInd Bank, Mahindra & Mahindra, Maruti Suzuki, Bharti Airtel and Eternal were the top gainers. The volatility comes as missile attacks between Iran and Israel have continued for a fifth day amid reports that Israeli airstrikes damaged Iran's underground Uranium facility at Natanz. US President Donald Trump called for 'unconditional surrender' from Iran, citing the possibility of killing Supreme leader Ayatollah Ali Khamenei. VK Vijayakumar, chief investment strategist at Geojit Investments says that the latest tweet by President Trump and the US defence movements in West Asia signal aggravation of the conflict. "However, there is no panic in global equity markets and it appears that the markets' assessment is that this conflict will end soon without impacting the global economy," he said. "It is important to understand that after the Covid crash which took the Nifty to a low of 7511 in March 2020, we are in a bull market which has been climbing all walls of worries. The market is likely to climb this Israel-Iran conflict worry, too. Despite the high valuations, particularly in the broader market, the market is likely to remain resilient supported by sustained strong liquidity and hopes of turn around in earnings," Vijayakumar said. From the technical perspective, the 24,500-25,000 range will hold in the near term and is likely to be broken on the upside when positive news relating to the West Asian conflict comes. In addition, the focus will be on Federal Reserve Chair Jerome Powell as the FOMC is scheduled to announce its policy decision tonight. Investors will closely watch for Powell's commentary on potential rate cuts in the future and the threat from the rising oil prices to the US economy.
New Indian Express
13-06-2025
- Business
- New Indian Express
Equity indices tumble at Friday close amid Middle East tensions, crude price spike
CHENNAI: Indian equity markets ended sharply lower on Friday, mirroring the bearish sentiment across Asian peers, amid rising geopolitical tensions in the Middle East and a significant spike in crude oil prices. Escalating hostilities between Israel and Iran weighed heavily on investor sentiment, triggering broad-based selling across key indices. BSE Sensex dropped 573.60 points or 0.70% to close at 81,118.60, after hitting an intraday low of 80,354.59. While, NSE Nifty50 fell 169.60 points or 0.68%, settling at 24,718.60. The sell-off extended to the broader markets as Nifty Midcap 100 declined 0.24%, and Nifty Smallcap 100 ended 0.43% lower. Sectoral indices witnessed mixed movement, with most ending in the red. The top losers were Nifty PSU Bank (-1.12%) and Nifty FMCG (-1.05%) Other sectors under pressure included Metal, Financial Services, Auto, Energy, Pharma, Consumer Durables, and Oil & Gas
Yahoo
11-06-2025
- Business
- Yahoo
Be Wary Of Jaycorp Berhad (KLSE:JAYCORP) And Its Returns On Capital
When researching a stock for investment, what can tell us that the company is in decline? Typically, we'll see the trend of both return on capital employed (ROCE) declining and this usually coincides with a decreasing amount of capital employed. This reveals that the company isn't compounding shareholder wealth because returns are falling and its net asset base is shrinking. On that note, looking into Jaycorp Berhad (KLSE:JAYCORP), we weren't too upbeat about how things were going. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. For those that aren't sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. The formula for this calculation on Jaycorp Berhad is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.063 = RM13m ÷ (RM245m - RM38m) (Based on the trailing twelve months to January 2025). Therefore, Jaycorp Berhad has an ROCE of 6.3%. In absolute terms, that's a low return, but it's much better than the Consumer Durables industry average of 4.4%. View our latest analysis for Jaycorp Berhad While the past is not representative of the future, it can be helpful to know how a company has performed historically, which is why we have this chart above. If you'd like to look at how Jaycorp Berhad has performed in the past in other metrics, you can view this free graph of Jaycorp Berhad's past earnings, revenue and cash flow. There is reason to be cautious about Jaycorp Berhad, given the returns are trending downwards. To be more specific, the ROCE was 15% five years ago, but since then it has dropped noticeably. On top of that, it's worth noting that the amount of capital employed within the business has remained relatively steady. Since returns are falling and the business has the same amount of assets employed, this can suggest it's a mature business that hasn't had much growth in the last five years. If these trends continue, we wouldn't expect Jaycorp Berhad to turn into a multi-bagger. In summary, it's unfortunate that Jaycorp Berhad is generating lower returns from the same amount of capital. Since the stock has skyrocketed 103% over the last five years, it looks like investors have high expectations of the stock. Regardless, we don't feel too comfortable with the fundamentals so we'd be steering clear of this stock for now. Since virtually every company faces some risks, it's worth knowing what they are, and we've spotted 3 warning signs for Jaycorp Berhad (of which 1 makes us a bit uncomfortable!) that you should know about. For those who like to invest in solid companies, check out this free list of companies with solid balance sheets and high returns on equity. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
10-06-2025
- Business
- Yahoo
Returns On Capital Signal Tricky Times Ahead For Homeritz Corporation Berhad (KLSE:HOMERIZ)
What trends should we look for it we want to identify stocks that can multiply in value over the long term? In a perfect world, we'd like to see a company investing more capital into its business and ideally the returns earned from that capital are also increasing. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. In light of that, when we looked at Homeritz Corporation Berhad (KLSE:HOMERIZ) and its ROCE trend, we weren't exactly thrilled. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. For those that aren't sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. Analysts use this formula to calculate it for Homeritz Corporation Berhad: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.12 = RM36m ÷ (RM331m - RM29m) (Based on the trailing twelve months to February 2025). Therefore, Homeritz Corporation Berhad has an ROCE of 12%. In absolute terms, that's a satisfactory return, but compared to the Consumer Durables industry average of 4.4% it's much better. Check out our latest analysis for Homeritz Corporation Berhad Above you can see how the current ROCE for Homeritz Corporation Berhad compares to its prior returns on capital, but there's only so much you can tell from the past. If you're interested, you can view the analysts predictions in our free analyst report for Homeritz Corporation Berhad . In terms of Homeritz Corporation Berhad's historical ROCE movements, the trend isn't fantastic. Around five years ago the returns on capital were 17%, but since then they've fallen to 12%. However, given capital employed and revenue have both increased it appears that the business is currently pursuing growth, at the consequence of short term returns. And if the increased capital generates additional returns, the business, and thus shareholders, will benefit in the long run. In summary, despite lower returns in the short term, we're encouraged to see that Homeritz Corporation Berhad is reinvesting for growth and has higher sales as a result. And the stock has followed suit returning a meaningful 56% to shareholders over the last five years. So should these growth trends continue, we'd be optimistic on the stock going forward. If you want to continue researching Homeritz Corporation Berhad, you might be interested to know about the 2 warning signs that our analysis has discovered. While Homeritz Corporation Berhad isn't earning the highest return, check out this free list of companies that are earning high returns on equity with solid balance sheets. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Mint
28-05-2025
- Business
- Mint
Indian stock market: Can Nifty 50 break 25K hurdle this weak or more pain ahead?
Stock market today: Indian indices - Sensex and Nifty - opened on a flat note in Wednesday's trading session, despite positive market buzz in US and Asian peers. At the beginning of the trading session, the BSE Sensex stood at 81,457.61, registering a drop of 94 points or 0.12%, while the NSE Nifty 50 opened slightly higher at 24,832.50, up by 6.30 points or 0.03%. In the initial trading hour on the NSE, the Nifty FMCG index declined by approximately 1.22%, making it the worst-performing sector, followed by losses in Metal, Consumer Durables, and Auto. On the other hand, Nifty IT gained 0.5%, leading the advancing sectors, with Nifty PSU Bank and Nifty Realty each rising by 0.3%. On Tuesday, both indices fell more than 1 per cent due to weak global cues and heavy profit booking ahead of monthly expiry. The NSE Nifty declined by 0.7%, dropping 174.95 points to close at 24,826.20, while the BSE Sensex slipped 0.8%, falling 624.82 points to end at 81,551.63. "The nifty ended lower yesterday in a rather volatile trading session. Technically speaking, 24462 remains a critical swing low. If it holds - and this is the preferred view - the market will target first resistance at 25116 and then 25390. On the other hand, should 24462 break, a "rising wedge" pattern will be activated, with a downside target set near the 23900 - 24000 area. We mentioned 24822 yesterday as important short-term support, and despite falling below this level, the index closed slightly above it. The message is that this level remains important tactically. Meanwhile, the global macro picture and market sentiment remain supportive, especially with President Trump extending the deadline for EU tariffs to the 9th of July," said Akshay Chinchalkar, Head of Research, Axis Securities. Riyank Arora, Technical Analyst at Mehta Equities Ltd, says that Nifty 50 is currently navigating a crucial juncture, with the 25,000 mark acting as a psychological and technical hurdle. Despite recent attempts, the index has struggled to sustain momentum above this level. The immediate resistance lies at 25,100–25,150, and only a decisive breakout above this zone, backed by strong volumes, can signal a fresh leg of the rally. Until then, upside moves may face selling pressure from short-term traders booking profits near resistance. On the downside, the 24,700 level remains a key support. A breach below this level could trigger a deeper correction, potentially dragging the index toward lower support zones around 24,500, according to Arora. 'With the market showing signs of indecisiveness and global cues adding to volatility, traders should stay cautious. For now, Nifty needs to hold above 24,700 and convincingly break past 25,150 for any meaningful upward momentum to resume,' Arora added. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
