Pankaj Pandey highlights that the paint industry is yet to bottom out due to margin pressures and competitive pricing, despite crude price declines. In consumption, themes like hotels and hospitals, and MNC pharma stocks are favored. Caution is urged in aggressive buying, particularly in Reliance and other volatile sectors.
Amazon CEO Andy Jassy is restructuring the company by reducing layers of middle management. This change is to empower employees with more responsibility and increase efficiency. Jassy aims to improve mobility and decision-making. He also intends to increase the ratio of individual contributors to managers. Amazon is firm on its five-day return-to-office mandate despite employee pushback.
Deloitte has told its US tax division employees that office attendance will impact their performance evaluations and bonuses. They are expected to work in person two to three days per week. Other big corporations like Google and PwC are implementing similar attendance policies. This move signals a shift towards stricter in-office work requirements.
The recent underwhelming earnings performance of many small and midcap companies on account of rising costs, weakening demand, and sector-specific headwinds have eroded profitability, leading to earnings downgrades.
Nifty200 pack, four stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on March 5, according to stockedge.com's technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend. Take a look:
LIC Housing Finance shares saw a rise after its board approved a significant borrowing plan of Rs 1.23 lakh crore for FY26 through various financial instruments. The company's Q3 net profit rose by 23.1% year-over-year, though there was a decline in net interest income.
