Ahead of Market: 10 things that will decide D-St action on Wednesday
"The domestic market is attempting to gain, in comparison to its weak YTD performance, which was caused in anticipation of a soft Q3 result & Union Budget. We started the third quarter results on a shaky note, but the latest set of financial announcements from IT and banking blue chips are encouraging
Hot Stocks: Emkay initiates buy on textile sector; ITC could give 29% returns in 2023
Motilal Oswal maintained its buy rating on Can Fin Homes with a target price of Rs 630, an upside of 29% from Rs 488 recorded on December 24. Re-rating is still contingent on CANF's ability to identify a successor. Robust franchise and follows a processes orientation approach which has served it well.
Corporate Radar: Can Fin Homes to go ex-dividend, BLS International ex-bonus date & more
Shares of BLS International will trade ex-bonus in the ratio of 1:1. The record date for the same is December 10, 2022. EFC (I)s board will meet today to consider the conversion of 95,500 convertible warrants into equity shares on a preferential basis to the promoter.
Sanjiv Bhasin's top stock ideas where traders can make money in short & medium term
One of our top picks is Can Fin Homes which can be bought from 465 levels. I think Can Fin Homes fits the bill perfectly as it has very low delinquencies, its recoveries are very fast and they are seeing a lot of growth plus they have no problem of capital adequacy.
Corporate Radar: Panchsheel Organics to go ex-dividend, Dhanlaxmi Bank board meeting & more
A meeting of the board of directors of the Dhanlaxmi Bank is scheduled today to consider/ approve the raising of funds by way of issuance of Non-Convertible Debentures (NCD5) in the form of Basel III compliant Tier 2 Bonds aggregating to Rs 300 crores.
Corporate Radar: Som Distilleries & Breweries to go ex-dividend; Likhitha Infrastructure stock split and more
Also, shares of Can Fin Homes (Rs 1.50 per share), Aptus Value Housing Finance India (Rs 2 per share), Hinduja Global Solutions (Rs 5 per share) and Panchsheel Organics (Re 0.8 per share) will trade ex-dividend next week.
Ahead of Market: 10 things that will decide stock action on Monday
Based on the price chart and momentum indicator setup we can infer that the index is on the verge of strong directional movement over the short term. On the lower end, a fall below 18,450 may trigger a correction towards 18,100-18,000; whereas, on the higher end, a rise above 18,605 may induce a decent rally in the market,” Rupak De, Senior Technical Analyst at LKP Securities said.
#CANFINHOME - having seen some major correction along with some long consolidation, seems breaking out of its consolidation range, ready for some potential upward moves. All levels given below and on chart as well:
ETMarkets Smart Talk: Planning to invest Rs 10 lakh for a year? Consider HFCs: Hemant Sood
"Can Fin Homes can provide 50% returns between Diwali 2022 and 2023. The LIC and ICICI Bank stocks rank second and third, respectively. UltraTech Cement can also be purchased, as its 120 million tonne capacity combined with superior pricing power indicates future tailwinds. DLF would be a good choice for decent returns and a less volatile investment."
Sanjiv Bhasin on 5 large and midcaps to pick in Samvat 2079
“Two largecaps to go for are ICICI Bank and UltraTech Cement. ICICI has been a stellar bank as far as the liability franchise, the NIMs and the asset quality are concerned and retail flows have been the saviour of this market. One can also add an UltraTech Cement where the numbers were slightly below expectation because of the extended monsoon.”
This midcap can be a dark horse and give 50% return Diwali to Diwali: Sanjiv Bhasin
“Among largecaps, I cannot promise safety but given the type of pedigree and the demand for fixed assets in the shape of real estate, DFL is going to go up with all guns blazing. I would be a little bit more risk taking and take DLF as my tarka stock.”
Can Fin Homes mulls raising up to Rs 4,000 cr debt capital
"At the said meeting the proposal is being placed to the board seeking approval and authorisations for issuance of non-convertible redeemable debentures up to an amount of Rs 4,000 crore, on private placement basis," Can Fin Homes said in a regulatory filing on Thursday.
No link between fraud identification and CEO resigning, Can Fin Homes’ management clarifies
The company has initiated the process of hiring a new MD and CEO, the management said. The current MD & CEO Girish Kousgi resigned on September 19 due to personal reasons and his relieving date is October 20.