Adani FPO, Budget, Fed action among 8 factors to keep D-Street on its toes this week
“The fiasco in the last two days has dampened overall sentiments and certainly disrupted prices across the board,” said Sameet Chavan, chief analyst - technical and derivatives at Angel One. "From an optimist's point of view, its good that the market is approaching the Budget on a lighter note, and any favorable outcome would lift the markets higher," Chavan said, but added that any slight disappointment would result in a further aberration in the market.
Dalal Street ahead of Wall Street in market infrastructure, safety: Nithin Kamath
“You might be wondering, why isn't instant settlement like payments possible. This is because most trading volumes on the exchange are from intraday traders who buy and sell stocks without taking delivery or have the stocks to deliver immediately," said billionaire Kamath.
10 stock ideas, top themes to bet on ahead of Budget 2023
Global brokerage firm Nomura believes Budget focus areas could include ‘subtle support of consumption, a strong focus on manufacturing with an emphasis on MSMEs, higher infrastructure spending, asset monetisation, and agriculture and rural spending.
Stocks to buy today: 6 short-term trading ideas by experts for 23 January 2023
“Niftys 17800-18200 range has been holding for some time now. To break the upper end of the range, the market needs positive triggers. Early Q3 results broadly have been positive with IT companies and banks delivering good results,” Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said.
ETMarkets Smart Talk: Expect big swings in Nifty ahead of the Budget session, says Rohan Patil
NIFTY50 on the daily chart has found resistance near the upper band of the Triangle pattern and prices witnessed some profit booking after showing a fine up move from 17,880 to 18,183 levels. The broader range has been the same but buying has emerged on the daily chart where the index has shown optimism to sustain above 18,000 levels.
Dabur India warns of margin hit on currency woes, inflation
Operating margin for the three months ended December would shrink by 200 - 250 basis points, the fast-moving consumer goods company said, adding that its gross margin would improve sequentially due to a pick-up in demand in India towards the end of the quarter.
Dabur India shares trade sharply lower on weak Q3 business updates
In its business update, the company highlighted that the pressure was further accentuated by late onset of winter in north India but early signs of moderate recovery were visible towards the latter part of the quarter coupled with some abatement in inflation.
Corporate Radar: Microcap stock to trade ex-bonus in 3:1 ratio & more
Share India Securities board will meet for considering the proposal of raising funds by way of issue of one or more instruments including equity shares/convertible securities either by way of preferential issue/ rights issue.
Gandhar Oil Refinery files DRHP to raise funds via IPO
The net proceeds from fresh issuance worth Rs 357 crore will be used towards financing the repayment/pre-payment of a loan facility, purchase of equipment and civil work, expansion in capacity of automotive oil, petroleum jelly, white oils by installing blending tanks, funding working capital requirements and general corporate purposes.
Eveready back on investor radar driven by improved growth prospects
The latest sale of 1% stake by the Burman family in Dabur, which fetched around Rs 1,000 crore, is viewed as a step towards increasing holding in Eveready to over 50% from 43%, which may also result in reducing debt
Dabur falls over 3% amid stake sale buzz via block deal
Goldman Sachs is the broker of the deal. Dabur is among the few stocks in the FMCG space to have underperformed in 2022. At 10.22 am, the shares of Dabur India were trading 2.6% lower at Rs 573.35 over its previous days closing price of Rs 588.75. The stock has gained just 3% in the last one year.
Chart Check: Falling trendline breakout on weekly charts makes Dabur an attractive buy
On the daily charts, Dabur formed a Pole and Flag pattern which is also a bullish continuation pattern. Most of the technical indicators suggest that the momentum is likely to continue on the higher side.
Robust FMCG uptick could boost consumer small-caps
Sapphire Foods, Barbeque-Nation Hospitality, Mrs Bectors Food, and V-Mart are among the brokerage's top picks among smaller consumer companies. IIFL's price targets for these stocks imply a 22-28% upside from Tuesday's closing prices.
Chart Check: Dabur India hit fresh 52-week high in December; time to buy, sell or hold?
The personal care maker hit a 52-week high of Rs 610 on 7 December 2022. It witnessed some profit taking but experts feel that technical setup suggests the next target is placed around Rs 660 level.The stock has breached a tiny falling trendline and immediate hurdle indicating a resumption of positive movement on the monthly charts.
Dabur is looking very promising as of now. We have witnessed a flag and pendant kind of a pattern breakout in Dabur because from the past two weeks there has been a strong surge in the stock from the approximate level of 560 till the levels of 600.
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.
Dabur International Chief Krishna Chutani resigns; Raghav Agrawal to take over as CEO
Krishan Kumar Chutani shall cease to be CEO of Dabur International Ltd., material subsidiary of Dabur India Limited, with effect from close of business hours on 28th February, 2023, according to Dabur India's filing to the stock exchanges.
Despite sharp rally, 13 FMCG stocks trading below lifetime highs; what should you do?
Moreover, the rebound in shares has not been broad-based, as most midcap stocks remained out of favour. On a YTD basis, stocks like Emami, Marico, and Godrej Consumer Products have given negative returns.
Sensex at record high but over 200 stocks are trading below 5-year average PE level. Should you buy?
In the financials basket, HDFC Bank, ICICI Bank, SBI, HDFC, Bajaj Finance, Kotak Mahindra Bank and Axis Bank are also on the list. However, while evaluating banks and other lenders, price-to-book value (P/B) is more appropriate than PE as banks earn income based on their balance sheet size.
Can FMCG stocks outperform the index next year? Abneesh Roy answers
“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.”
In Indian market, good exposure to both IT & financials the sensible way forward: Jonathan Schiessl
“The valuations in the FMCG sector have been very high traditionally and it is no surprise to see very high multiples. There is a structural growth story for many years ahead. So this sector is doing well today but if we see some sort of leadership change and China opening up in the next two months ahead, then leadership would perhaps transfer to early cyclicals as opposed to some of these FMCG stocks. ”
Trade Spotlight | What should you do with IDBI Bank, Bank of India, Dabur India?
IDBI Bank shares gained nearly 3 percent to close at Rs 54.30, the highest closing level since November 10, 2021 and formed high wave kind of pattern on the daily charts, making higher highs higher lows for third consecutive session.