Rs 6,000 crore bonanza! These 3 index heavyweights topped MFs’ shopping list in December
Shares of HCL Technologies dropped sharply in December by more than 7%, after the company trimmed its revenue growth guidance for the current financial year, citing that higher-than-expected furloughs will affect growth in the second half of the year.
Hot Stocks: Brokerage view on Indian Hotels, GMM Pfaudler and Canara Bank
JM Financial remains positive on Canara Bank and expects it to hit a target of Rs 345-365 in the next 1-2 quarters. “We expect Canara Bank earnings recovery to be driven by a) credit cost normalisation (1.3% by FY24E), b) improvement in margins and c) sustained growth momentum,” said the note.
GMM Pfaudler tanks 18% after JV partner sells bulk of its stake
Universities Superannuation Scheme, the trustee company of UK's largest private pension scheme by assets, Aditya Birla Sun Life MF, Plutus Wealth Management, and Indus Capital were among the buyers, deal data showed.
GMM Pfaudler tumbles 16% after promoter offloads stake in block deal
Sixteen percent of the company's equity changed hands in a block trade. The floor price for the deal was set at Rs 1,700 apiece, which was at an 11.67% discount to the company's closing price on December 15
Stocks of these 27 companies are flying high & they have one thing in common
If one looks at the stock performance, most of them have given positive returns consistently in the last three years. Industrial equipment maker Elpro International, GMM Pfaudler, Inox Wind, Asahi India Glass, Indian Hotels, and Blue Dart Express have given double-digit returns in the current financial year despite the volatility in the market.
Top 10 trading ideas for next 3-4 weeks in a market moving largely sideways
Breaching either side of 18,200-18,450 range can give some kind of direction to the market in the coming days, but having a monthly expiry and FOMC minutes scheduled this week, volatility and consolidation is at the top before any kind of big move on either side of range
Promoters cash in on market crash, raise stakes by over 1% in 11 BSE500 firms. Take a look!
In the September quarter of FY23, prompted by a fall in shares, promoters of 11 BSE500 firms -- Uno Minda, Infosys, Birlasoft, GMM Pfaudler, Bajaj Auto, NCC, Vardhman Textiles, Jindal Steel & Power, Strides Pharma Science, JM Financial and VIP Industries -- raised stakes between 1-3%.
Tech Mahindra among 10 stocks to trade ex-dividend this week
Supreme Industries declared a special dividend of Rs 6/- per equity share. The stock shall trade ex-dividend on November 7, 2022. In the past 12 months, the company has declared an equity dividend amounting to Rs 18 per share. On Friday, the scrip was trading 1.63% higher at Rs 2,237.10, over its last days closing price of Rs 2201.30.
Still not ready to move into Reliance & Nykaa but going strong on Relaxo: Saurabh Mukherjea
“We continue to be impressed by how they are executing on the telecom opportunity. Till five-six years ago, this was not a telecom company. It is remarkable to see that in the space of five-six years, a giant telecom business has been built but its the free cash flows that we look for and whilst the free cash flows remain elusive, we will keep tracking the stock without actually investing there.”
No reason for pessimism in Indian IT services; plan to invest more in pharma: Saurabh Mukherjea
“The whole world is trying to replace China in both its formulation – API, and its intermediate supply chain. We already have significant investments in firms like GMM, Alkyl, Divis. We are considering making some more investments in the space but as we invest in companies with barriers to entry with moats and that require careful work at the down level.”
Corporate Radar: GMM Pfaudler, Windlas Biotech to go ex-dividend; Lakmi Mills AGM & more
Suven Pharma shall turn ex-dividend in respect of both interim dividend (Re 1 per share) as well as a special dividend of Rs 5 per share. Raj Tubes will convene its board meeting for quarterly results today. Furthermore, Lakshmi Mills' AGM is also scheduled to take place today.
Ahead of Market: 10 things that will decide D-Street action on Monday
Rupak De, Senior Technical Analyst at LKP Securities, said the trend remains positive as the index closed above the short-term support of 17,400. “The daily RSI is in a bearish crossover. A decisive move above 17,700 may induce a rally in the market,” he said.
This stock has been trading in the channel pattern for a long time and gave a very good breakout and starts to retrace and now the pullback is over it gave a very good breakout again after a small consolidation.
Indian economy is in for a couple of good years of earnings growth: Saurabh Mukherjea, Marcellus Investment
Mukherjea feels that the Indian economy is recovering nicely and the cost of credit in India continues to remain very low. Though the global economic conditions were a little choppy six months ago, but they're becoming fairly benign again.
Sensex defies global gloom to settle higher for 5th day straight
BSE Sensex swung between gains and losses in the final hour to end the day just 21 points or 0.04 per cent higher at 58,136. Its NSE counterpart, Nifty50, added merely 5 points or 0.03 per cent to close at Rs 17,345.Broader markets outperformed bluechip indices as BSE Midcap and Smallcap gained between 0.35-0.50 per cent. However, the fear gauge India VIX shot up 6 per cent and topped the 18.5 level by the end of the session.
Corporate Radar: Avadh Sugar, REC to turn ex-dividend; HCL Tech Q1 results & more
Shares of Steel Exchange India will go ex-split today. The company had announced the splitting of shares into face value of Re 1 from the face value of Rs 10. The board of HCL Tech will meet today to consider the 2nd interim dividend. Pioneer Embroideries and Alka Securities will have their annual general meetings (AGM) today.
Ahead of Market: 10 things that will decide D-St action on Tuesday
European markets fell as the shutdown of a major gas pipeline from Russia to Germany for annual maintenance brought concern Russia might not resume the flow of gas as scheduled.The pan-European Stoxx 600 index opened 1.03% lower with all sectors in negative territory apart from healthcare stocks.
3 Little Champs that are Saurabh Mukherjea top picks for next 10 years
“GMM Pfaudler management has done a terrific job in taking a small Indian company and turning it into a mini multinational. They can last the distance and become a global leader in glass lined and ceramic reactors. Alkyl Amines is the market leader in Aliphatic Amines in India and the API industry is coming to India. The third is Fine Organics, the market leader in emulsifiers.”