The company's board on January 28 recommended an interim dividend of Re 0.60 per share (on face value of Rs 1 each) on the enhanced share capital of the company post Bonus Issue of equity shares in September 2022.

Norway's sovereign wealth fund Norges Bank Investment Management, one of the world's largest, has divested its shares in Bharat Electronics Limited (Bel) for selling weapon systems to the Myanmar junta. The Indian government is studying the move made by the Fund as Norway is emerging as a key economic partner from northern Europe.

Asian Paints numbers are quite disappointing in terms of the kind of volume growth they reported as well as the overall growth so it was a significant miss.

On the options front, the weekly maximum Call OI is placed at 18,000 and then towards 18,100 strikes while the maximum Put OI is placed at 17,900 and then towards 17,800 strikes.

While valuation comfort, robust balance sheets, and strong order inflows determined stock-specific rerating till now, the way forward will move on easing inflation concerns, cooling commodity prices, and peak-out in interest rates being in sight

“The second half will be equally important. We will have to review whether there is any pivot from the central banks as far as interest rates are concerned, any review on the war situation and then we should take our stance. The market broadly will be range-bound and some of the existing themes will continue to do better.”

Bank Nifty rolls also declined by 85%, compared to the previous month of 88%. The weekly option chain data reflects Put OI additions at 43000PE and 42500PE of over 17 lakh OI shares and 14 lakh OI shares. CE writers' most active position lies at 43500 strikes with over 12 lakh OI shares and over 8 lakh OI shares at above strikes of 44000/44500.

We offer three smallcases designed for different market conditions. The ‘core portfolio smallcase, focused on defensive stocks with stable growth and a high margin of safety, outperformed the benchmark by 13% YTD.

Promoters held 50.55 per cent stake in the company as of 30-Sep-2022, while FIIs owned 16.65 per cent, DIIs 8.67 per cent.

This is the third time that the Nifty PSE index is approaching the 4,500 mark. On the last two occasions, the index failed to move further, and had to face more than 16% fall.Technical analyst Milan Vaishnav said a breakout is impending but the index is facing resistance at current levels.

“The economy as a whole is firing on all cylinders and balance sheets have got cleaned up. That is rubbing off on the numbers of banks. When it comes to IT, margins have bottomed out and there could be some volume slowdown as we move into FY23. But valuations also have come off. So, anywhere between 1-1.5 PEG for IT as a whole would be a case for decent investment in IT stocks.”

According to Nomura Financial Advisory and Securities, this tie-up opens up export avenues for Britannia, and given that Bel Group is a major player in the healthy dairy, fruit and plant-based snacks, it will give the former access to new categories from its global portfolio.

Siddhartha Khemka: So if you look at the broader spectrum, auto is another sector or space, directly linked to the rural sector, but some of these OEMs have a mixed kind of outlook in the near term. So, there is an indirect play on the auto tyres.

Most of the 11 major S&P sectors declined, with energy and communications services joining technology as leading laggards. Utilities, a defensive sector often preferred during times of economic uncertainty, was the only exception, gaining 0.7%.

“For us, rural areas have been performing extremely well but even today, our presence in rural areas is not as good as it is in urban areas. We have many years to go before we see this plateauing off. So, our outlook on rural areas is fairly good from a distribution standpoint.”

“We like Britannia, HUL, Nestle and Dabur in the staple space. In discretionary stocks, we like Asian Paints. Just look at the valuations in these four-five companies. You will miss out on earnings trajectory and EPS improvement which is going to happen over the next two years because most of the pain of rural slowdown and commodity inflation is now behind us.”

Britannia Industries, incorporated in the year 1918, is a Large Cap company (having a market cap of Rs 103961.17 Crore) operating in FMCG sector.

“Current orderbook stands at Rs 840bn. There has been an inflow of Rs 8.6bn from the contract for the end-to-end realisation of 5nos. PSLVs (in consortium with L&T) over a period of four years. Also, the recently executed contract for 70nos. HTT40 has added Rs 68bn to the orderbook,” it added.

“Some steel companies have a bigger export market share like Tata Steel and Jindal Steel. Due to slowing demand globally with recession fears, even after removing the export duty and despite the prices of steel both imported and domestic coming back, it does not give any earnings upgrade to Indian Steel companies. ”

Grey market premium of the Kaynes Technology trading massive 40 percent higher or at Rs 235 a share. The IPO has set an issue price at Rs 587 a share

Indian domestic equity markets opened on a positive note on Friday tracking firm global cues and buoyant global markets .The S&P BSE Sensex and Nifty50 settled lower in the previous session.

“One has to live with the volatility in new age tech stocks and ride out these particular pain points. I have always maintained that these companies should be bought as a basket and one should have a small portion of them in the portfolio.So play in a conservative manner and hope that if you get even one or two of these stocks right, they can turn out to be multibaggers over the next five-ten-year period,” says Dipan Mehta

Last month, the defence PSU had signed an MoU with Goa Shipyard Limited (GSL) for the joint development of products/solutions in the area of autonomous navigation and associated fields.

“All our commodity stocks, at least agri commodities, have done very well in the last one year. Talking about the sugar space, Balrampur Chini being the largest player remains interesting for us. So from this space, I would bet on Balrampur Chini rather than playing any other sugar stocks.”

The MoU aims at leveraging the complementary strengths and capabilities of the two companies, the Bengaluru-headquartered BEL said in a statement on Thursday.

The MoU aims at leveraging the complementary strengths and capabilities of BEL and Motorola, the Bengaluru-headquartered company said in a statement.

The Nifty Bank index was trading 0.56 per cent up at 41378.1.

Prabhudas Lilladher is bullish on Bharat Electronics has recommended buy rating on the stock with a target price of Rs 125 in its research report dated October 31, 2022.

ICICI Direct is bullish on Bharat Electronics recommended buy rating on the stock with a target price of Rs 135 in its research report dated October 31, 2022.

Sharekhan is bullish on Bharat Electronics has recommended buy rating on the stock with a target price of Rs 130 in its research report dated October 28, 2022.

"The last quarter of CY22 is likely to be a boon for Indian corporates. We expect strong growth momentum in consumer/consumer durables. Along with consumer discretionary companies, as the holiday season approaches, travel and tourism-related companies are also likely to register strong growth. As a result, the entire HORECA (Hotels, Restaurants/QSR, Cafes) space will also benefit."

Bharat Electronics Ltd. key Products/Revenue Segments include Electronic Components & Equipments, Sale of services, Other Operating Revenue, Scrap and Rent for the year ending 31-Mar-2022.