FPIs hold short positions compared to long positions, on the derivative front: Apurva Sheth
The Nifty is expected to remain rangebound with 18,600 levels acting as a strong resistance and the index likely to consolidate in the 18,500-18,600 range, according to Apurva Sheth, Head of Market Perspectives & Research at SAMCO Securities. He said a decisive close above 18,600 is required for a further uptrend. For Bank Nifty, Sheth expects it to trade sideways and recommends deploying an Iron Condor options strategy to take advantage of the movement. The oil and gas sector is struggling due to weakening demand from top oil consumer China and global economic weakness, while realty and consumer durable stocks have displayed mixed performance due to quarter-ending financials.
IKIO Lighting's Rs 607-crore IPO to open on June 6
Investors can bid for a minimum of 52 equity shares and in multiples of 52 thereafter. Under the OFS, promoters Hardeep Singh will offload 60 lakh shares, and Surmeet Kaur will sell about 30 lakh shares.
Hot Stocks: Brokerage view on Amber Enterprises, AU Small Finance and Asian Paints
Amber Enterprises was given a buy rating by Jefferies with a target price of Rs 3,120, owing to the expected growth of the domestic AC industry. Financial services company Motilal Oswal downgraded AU Small Finance Bank to a neutral buy with Rs 830 target price due to its rising cost of funds likely to impact its margins. JPMorgan remained neutral on Asian Paints with a Rs 3.128 target price.
Buy Amber Enterprises India, target price Rs 2450: Sharekhan by BNP Paribas
Amber Enterprises India, incorporated in the year 1990, is a Mid Cap company (having a market cap of Rs 7178.28 Crore) operating in Consumer Durables sector.
Buy Amber Enterprises; target of Rs 2450: Sharekhan
Sharekhan is bullish on Amber Enterprises has recommended buy rating on the stock with a target price of Rs 2450 in its research report dated May 19, 2023.
As benchmarks take a breather, 47 smallcap stocks offer double-digit weekly returns
Several smallcap stocks in India have offered double-digit weekly returns amidst weak global cues. Repro India has offered the highest returns at nearly 45%, followed by Aurionpro Solution and Shakti Pumps. The midcap segment has not witnessed any stock rising in double digits, but Ramco Cements led the segment with 9.66% gains. Despite the lack of decisive direction, the Indian domestic market closed positively. Investors would continue to look for global cues to understand market direction and earnings growth. The market is expected to resume its upward journey, supported by positive global cues.
Buy Amber Enterprises; target of Rs 2614: YES Securities
YES Securities is bullish on Amber Enterprises has recommended buy rating on the stock with a target price of Rs 2614 in its research report dated May 17, 2023.
#AMBER ..end of downtrend in the stock..buy at CMP to any dip ..said earlier..such gaps are very powerful..learn to use the gaps...they provide very high profitable trades
Amber Enterprises shares skyrocket over 17% post Q4 results
Shares of electrical solutions provider Amber Enterprises India surged 17.5% to reach INR 2,210 ($29.40) on Bombay Stock Exchange after it reported Q4 2023 net profit of INR 108 crore, up 82% YoY, and Q4 2023 revenue of INR 3,003 crore, a 38% YoY increase. Full-year FY23 capex was INR 698 crore, with revenue for the year up 65% YoY to INR 6,927 crore. CEO of Amber Enterprises Jasbir Singh said the company had "transformed from an RAC player to a diversified B2B solution provider since the IPO launch in 2018".
Stocks in news: Airtel, Jindal Stainless, Jubilant Foodworks, Devyani, Paytm
Bharti Airtel reported a 50% YoY rise in the consolidated net profit for the quarter ended March to Rs 3,006 crore. Consolidated revenue grew 14.3% YoY to Rs 36,009 crore
D-Street feeling the heat of global crisis, but these stocks can be coolants to your portfolio
For companies such as Amber Enterprises India, Blue Star, Voltas, and Whirlpool of India, about 70% of the annual primary sales of their products like air conditioners, air coolers, and refrigerators take place in the first six months of a calendar year. In fact, March-May accounts for 50% of this.
The firms top picks in these segments are Crompton Consumer, V-Guard Industries, Amber Enterprises, Finolex Industries and Supreme Industries. Based on Jefferies price targets, these stocks could return between 11% and 44%.
The worst hit stocks in the sector are contract manufacturers of electronic appliances Amber Enterprises and Dixon Technologies. While Amber Enterprises has nosedived more than 42% so far in FY23, Dixon has lost about 31%.
Buy Amber Enterprises India, target price Rs 2360: Sharekhan by BNP Paribas
Amber Enterprises India, incorporated in the year 1990, is a Mid Cap company (having a market cap of Rs 6377.72 Crore) operating in Consumer Durables sector.
Buy Amber Enterprises India, target price Rs 2580: Axis Securities
Amber Enterprises India, incorporated in the year 1990, is a Mid Cap company (having a market cap of Rs 6272.42 Crore) operating in Consumer Durables sector.
3C investing new mantra for stock pickers after Budget. Over 30 ideas from 6 brokerages
Global brokerage firm BNP Paribas' Kunal Vora sees the Budget as positive for infrastructure because of the large budgetary allocation, private banks for relative attractiveness of FDs and MFs and consumer durables on account of higher disposable income.
Buy Amber Enterprises, target of Rs 2360: Sharekhan
Sharekhan is bullish on Amber Enterprises has recommended buy rating on the stock with a target price of Rs 2360 in its research report dated January 25, 2023.
Q3 results this week: Axis Bank, Maruti Suzuki, Tata Motors, Bajaj Finance, NTPC, and more
Maruti Suzuki India, Pidilite Industries, SBI Cards and Payment Services, United Spirits, Macrotech Developers, CG Power and Industrial Solutions Ltd. Indus Towers, TVS Motor Company, HDFC Asset Management Company, Colgate-Palmolive (India), UCO Bank Supreme Industries, Sona BLW Precision Forgings, Motilal Oswal Financial Services, Easy Trip Planners, PNB Housing Finance, and other domestic companies are set to declare the earnings
Infra, BFSI: Key themes and stocks to focus ahead of the Budget
Axis Securities is positive on KNR Constructions, PNC Infratech, RITES, KEC International, and PSP Projects to do well among infra stocks. These stocks have given returns in the range of 2.35-12.63% so far this year on a year-to-date (YTD) basis. KEC International has offered negative 1.52% returns this year.
Elin Electronics IPO subscribed only 8% during the first hours of bidding
The quota for retail bidders was booked 14%, whereas the allocation for non-institutional investors fetched 7% bids. The portion for qualified institutional bidders was not off the mark.
Elin Electronics IPO kicks off: Here's what brokerages say about the issue
The net proceeds from the fresh issue worth Rs 88 crore will be used to repay debt while Rs 37.59 crore of money raised will be used for capital expenditure to upgrade and expand existing facilities at Ghaziabad in Uttar Pradesh and Verna in Goa.
27 stocks need to rally up to 300% to revisit their 52-week highs! Worth a look?
Market participants believe that there is more upside left in the Indian markets. In its latest report, Morgan Stanley's India equity strategist Ridham Desai said the index would hit 68,500 by December 203 in the base case scenario.
Ahead of Market: 10 things that will decide D-Street action on Friday
“Over the short term, the trend is likely to remain positive. On the higher end, resistance is pegged at 18,900-19,000, whereas supports are placed at 18,700/18,500,” Rupak De, Senior Technical Analyst at LKP Securities, said.
Ahead of Market: 10 things that will decide D-Street action on Thursday
“The crucial short-term moving averages are sitting below the index value, confirming the positive trend. The trend is likely to remain bullish as long as it remains above 18,600 as the support level shifts higher. On the higher end, resistance is visible at 18,800-19,000,” Rupak De, Senior Technical Analyst at LKP Securities, said.
Ahead of Market: 10 things that will decide D-Street action on Wednesday
“Technically, the market is consistently holding higher high and higher low formation, which is broadly positive. Hence, the support has now shifted to 18,550 from 18,450. As long as the index is trading above 18,550, the uptrend wave is likely to continue. Above which, the market could move up to 18,750-18,800,” Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities, said.
21 stocks hit 52-week low in a week when Sensex scaled record high
Potential risks highlighted by Macquarie Capital Securities for Paytms business from the foray by Reliance Industries into financial, prompted investors to dump shares of One97 Communications, which has already been one of the worst performers in 2022 so far.
Ahead of Market: 10 things that will decide D-Street action on Thursday
“The uptrend status of Nifty as per long-term charts like weekly is still intact and present consolidation or minor weakness in the market could be considered as a buy on dips opportunity. As long as the support of 18,100-18,000 levels is protected, one may expect consolidation movement to continue. A decisive move above 18,400 levels is likely to open a new all time high of 18,600+ levels in the near term,” Nagaraj Shetti, Technical Research Analyst, HDFC Securities said.
Kaynes Technology IPO kicks off: Should you subscribe to it?
Kaynes Technology allotted 43.76 lakh equity shares to anchor investors at Rs 587 apiece, aggregating to Rs 257 crore, according to a circular uploaded on the BSE website.
Kaynes Technology offers design-led electronics manufacturing to original equipment manufacturers. Among the listed space, Kaynes Technology competes with Dixon Technologies India, Syrma SGS Technology, and Amber Enterprises India.
Ahead of Market: 10 things that will decide D-Street action on Friday
European shares fell on Thursday, led by technology shares, after the Federal Reserve hinted at smaller interest rate increases for longer, dampening hopes of a downshift in its aggressive fight against inflation.The pan-European STOXX 600 dropped 0.9% by 0905 GMT, with rate-sensitive European technology stocks falling nearly 2%. While most major European sector indexes slid, banks edged 0.3% higher.