Top companies lead charge in retail's expansion push As per a recent report by ICICI Securities, 16.7 million square feet of retail space would be added by eight large, listed retail chains between FY21 and FY24 as compared to 8 million square feet added in the preceding four years of FY18-21. These companies also include Titan, Bata, V-Mart, TCNS and Shoppers Stop.
Top 10 trading ideas by experts for next 3-4 weeks as sentiment improves Traders should take one step at a time and avoid aggressive trades, as there are clusters of resistances lined up for the NIfty on the way up
Any rally without net FPI inflows unlikely to sustain Investors should look to buy the dips until 15,450 levels are not breached on the downside for Nifty, and should accumulate quality stocks while traders should focus on stocks and sectors that are relatively outperforming the Nifty as of now.
Snacks, stationery sales pick up as kids return to school Physical reopening of educational institutions has thrown a lifeline to categories such as stationeries and school shoes that were hit hard by Covid-19 and study from home, while impulse categories like packaged snacks and confectionery have got a boost amid an overall slowdown in discretionary spending.
Sustainable recovery unlikely; short these five stocks are current levels: Ravi Singh, ShareIndia The increase in US rates also raises a major possibility that apart from the equity market, other markets like debt and bond markets may also see some FIIs outflow anytime soon in India, said Ravi Singh, Vice President & Head of Research, ShareIndia.
PGIM India ELSS Tax Saver mutual fund review: Good long-term performer The fund has built a decent track record in a short span of time, with an ability to cushion against the market downside that is better than many of its peers. The presence of a skilled fund manager at its helm provides added comfort.
China using private military companies to expand its footprint in Africa Chinese investments in Africa have multiplied with the establishment of terrestrial and maritime routes connecting China with Africa since the launch of the Belt and Road Initiative (BRI) in 2013.
Ahead of Market: 12 things that will decide D-Street action on Friday Gaurav Ratnaparkhi, Head of Technical Research, Sharekhan by BNP Paribas, said: Nifty tested multiple support parameters on the downside, which were present near 16,300, including 20 DMA, a falling trendline and the lower end of a rising channel.
Headwinds galore but these stocks can be good bets from retail sector Market analysts believe that spending patterns across metro and mini-metros have remained healthy, whereas the lower income strata have been hit by challenging job market and inflationary pressures, resulting in a dent in their discretionary spends.
Block deals selling 2.8% stake has no impact on Bata India: CEO “The latest block deals selling 2.8% does not impact the majority control that the promoter has and it is just the simple small minor stake dilution which was in line with certain restructuring in the family trust. No impact whatsoever on Bata India., says Gunjan Shah. The Bata India CEO also talks about how an improved product mix and a move towards “casualisation” and “sneakerisation” has aided in improving margins.”
We are in for tough times over the next three to six months: Pashupati Advani “I feel that India is a place to go but there is still a lot of confusion about how to do it and also a lot of the existing players are taking money off the table because they are seeing opportunities in other emerging markets. If one is an emerging market player, one would be looking at buying on dips in China, buying on dips maybe even in Russia.”
Bulk deal: Bata promoters sell 2.8% stake for Rs 316 crore The company had opened deal book for qualified institutional buyers (QIBs) on Tuesday, which saw strong demand from investors. JP Morgan is the sole banker for the deal.