Tag Archives: Bullish

Government Bullish EVs Could Make 15 Per Cent Of New Car Sales In India In 5 Years

Nitin Gadkari, Minister of Road Transport Highways & Shipping, has announced at the SIAM annual convention 2018 that the government has no plans to subsidise electric vehicles in India. At present, GST on EVs is charged at the rate of 12 per cent. In contrast, GST is charged at the rate of 43 per cent on the minimum side for ... Read More »

Goldman Sachs Remains Bullish, But Cuts Nifty Target To 8,200

Global investment bank Goldman Sachs has reaffirmed its overweight stance on India, days after presentation of Union Budget 2016. However, the investment bank has revised its December Nifty target to 8,200 from 8,600 earlier. This still implies a 10 per cent upside from current Nifty levels of around 7,400. Goldman Sachs expects the upside in Nifty to be driven by ... Read More »

MFs Bullish on IT Stocks; Exposure at Record High of Rs 43,000 Cr

New Delhi: Mutual Funds remain bullish on software companies, raising their allocation to all time high of over Rs 43,115 crore last month in view of the weakening rupee, which increases IT exporters’ profitability. In comparison, equity fund managers’ deployment in software stocks was Rs 35,463 crore in January last year. Industry experts said that fund managers have been raising ... Read More »