ETMarkets Fund Manager Talk: Looking for a bottom-up type of investment? This portfolio manager has multibagger ideas
Broadly at a portfolio level, calendar year 2022 was more or less flat, however, at the company level, a couple of our top holdings like JK Paper and LT Foods have almost doubled from the last years valuation.
Ahead of Market: 10 things that will D-Street action on Thursday
Subdued Asian markets and continued selling by foreign investors further weighed on investor sentiment, traders said. The 30-share BSE benchmark ended 216 lower at 62,410.68, while Nifty settled at 18,560.50.
Saudi Arabia's SALIC acquires 9.2% stake in LT Foods
"In addition, SALIC will acquire a 1.33 per cent equity stake through a secondary share purchase from the Promoters Group. Post completion of this transaction, SALIC will hold a 9.22 per cent equity stake in LT Foods. The Promoters of the company will continue to hold the majority equity stake of 51%," LT Foods said in a stock exchange filing.
LT Foods raises Rs 390 cr by selling shares to SALIC through preferential allotment
The preferential issuance of 27,408,164 equity shares is equivalent to 7.89 per cent equity stake in LT Foods, at Rs 142.23 per share to SALIC, a Saudi Joint Stock Company that is owned by the Public Investment Fund of the Kingdom of Saudi Arabia.
ETMarkets Smart Talk: In the result season, go stock-specific in mid & smallcaps: Arpit Jain, Arihant Capital
“As we are into results season, we will see stock-specific performance due to the actual results. In the midcap space, we like GHCL, Tata Chemicals, Vishnu Chemicals & rice exporting companies like KRBL & LT foods. One can also look at Shree Renuka Sugar LTD, Pennar Industries Ltd, Jindal Drilling and Industrial Ltd, RK forge and La Opala RG Ltd.”
#DAAWAT : LT Food was suggested yesterday for short term bullish break out when it crossed 100. today it touched 106. I am still positive in this counter for more short term uptrend. keep watching
DISCLAIMER: The ideas shared are only for educational purpose. The markets are very volatile, so plan your trades accordingly. Please trade with stop loss. I am not SEBI registered.
The government has banned the export of broken rice and imposed a duty of 20 percent on exports of non-basmati rice amid fears of a continuing rise in retail prices
Rice producers suffer loss in share price after government bans export
The government on Thursday prohibited exports of broken rice and imposed a 20% levy on shipments of unmilled and husked brown varieties, according to release.
India likely to curb some rice exports in risk to global supply
The government is discussing curbs on broken rice exports, which account for almost 20% of Indias shipments abroad, as local prices have soared, said the people, who asked not to be identified as the information is private. Talks are in advanced stages and a decision may be announced soon, the people said.
Watch out for 17,800-17,900; avoid fresh longs next week & remain stock specific: Mehul Kothari
The price action indicates that the counter is poised for Rs 350 till the time it is sustaining above Rs 275. Thus, we advise investors to accumulate the stock in the range of Rs 308-300 with a stop loss of Rs 285 for the upside target of Rs 345 in 1 – 3 months.
19 stocks that India's best performing PMS funds are betting on
Atlas Integrated Finance's midcap fund, which gave a marginally negative return of 0.23 per cent last month, was seen betting heavily on Honeywell Automation, Dixon Technologies, Relaxo Footwears and Whirlpool India. It also chose to invest about 22 per cent of its holdings in a liquid fund.
I hope you're doing well. Yesterday, global markets flat, so was Indian Market. #NIFTY50 tried to break 17300 but it couldn't and faced selling pressure but still was able to hold 17100. However, in last 1 hour FII selling intensified and we witnessed treme......read more