27 stocks need to rally up to 300% to revisit their 52-week highs! Worth a look?
Market participants believe that there is more upside left in the Indian markets. In its latest report, Morgan Stanley's India equity strategist Ridham Desai said the index would hit 68,500 by December 203 in the base case scenario.
The Q2 conundrum: 4 stocks rally up to 95% despite sales drop in Sept quarter
Global brokerage firm Morgan Stanley has maintained its overweight rating on HAL with a target price of Rs 3,216 on the stock as the management has manufacturing order visibility of Rs 1.2 lakh crore over next 3-5 years and valuations are compelling.
Paytm, Sun TV among biggest laggards on BSE500; PSBs & railway stocks steal the show
Benchmark indices BSE Sensex and Nifty50 index settled marginally lower for the week, whereas midcap and smallcap indices dropped up to 2 per cent for the week, whereas India VIX dropped on a weekly basis.
Ahead of Market: 10 things that will decide D-Street action on Friday
Nagaraj Shetti, Technical Research Analyst, HDFC Securities, said, “Zooming into the 15-minute chart, we see that the Nifty opened with a down gap, but buying soon emerged from the lows and pushed the index higher. The Nifty thus remains in a short-term uptrend as it has moved above the previous swing highs of 17,429 and made higher bottoms over the last few weeks.”
These 36 stocks need to rally up to 425% to revisit their 52-week highs
According to the data from Ace Equity, as many as three dozen stocks need to post over 100% returns from their current levels. These 36 stocks need to rally 100-426% to regain their 52-week highs from the last close. The list of beleaguered counters include players from various sectors including new-age internet companies, NBFCs, IT, healthcare, petrochem, energy, auto and auto ancillaries, media, consumer durables, telecom and others.
Indiabulls Commercial Credit buys Anand Lok property for Rs 60 crore
The purchase comprises four floors of a property in the posh South Delhi locality, and was made from Sheela Gehlot, wife of Ambience Group’s Promoter Raj Singh Gehlot
Mutual Fund Meter: Top stock picks & exits by MFs in September
The portfolio rejig comes ahead of the September quarter earnings season in which oil and gas and metal companies are expected to drag. “Sectors focused on domestic consumption, investments are likely to outperform the sectors dependent on global demand, cyclicals and commodities,” Motilal Oswal Financial Services said in a report.
Mutual Fund Meter: Top stock picks & exits by MFs in September
The portfolio rejig comes ahead of the September quarter earnings season in which oil and gas and metal companies are expected to drag. “Sectors focused on domestic consumption, investments are likely to outperform the sectors dependent on global demand, cyclicals and commodities,” Motilal Oswal Financial Services said in a report.
Sensex atop 60K, but over 240 stocks still 68% away from 52-week highs
According to the data from Ace Equity, as many as 240 stocks or 48 per cent shares of the index are down more than 20 per cent from the 52-week highs. BSE500 index constitutes about 95 per cent market cap of all BSE-listed companies.
Ahead of Market: 10 things that will decide D-St action on Tuesday
Sameet Chavan, Chief Analyst-Technical and Derivatives, Angel One, believes that though the key indices are lacking a bit of momentum, the undertone seems strongly bullish, and as a result, the Nifty is now within a touching distance of the psychological mark of 18,000.
Global firm PAG invests $50 mn in Gurgaon-based real estate developer Elan
Elan Group, promoted by director Akash Kapoor, chairman Rakesh Kapoor and managing director Ravish Kapoor, has 12 projects in prime locations of Gurgaon and Delhi, with a total saleable area of about 15 million sq ft.
Private equity firm PAG invests Rs 425 crore in realty firm Elan group
“The traction in the credit space in NCR market reflects our continued belief in the regions real estate growth story with Dwarka Expressway fast emerging as NCRs most sought-after micro market”, said Saurabh Shatdal, Managing Director, Land & Capital Markets, Cushman & Wakefield
Elan group concludes 40-acre land transaction with Indiabulls Real Estate
According to the regulatory filing by Indiabulls, in January this year, the company had divested 100% stake in its subsidiaries - Airmid Developers Limited, Mariana Developers Limited, Albina Properties Limited & Flora Land Development Limited. These units together owned the land parcel.
India will have 4-5 major real estate players competing against each other: Pirojsha Godrej
"I think our view is, we have been saying for a while, all the leading developers will end up being national developers. So I think these top four five developers will be competing with each other across the country," Pirojsha Godrej said in an interview to PTI.
Time for NDTV shareholders to sell in market or give it in open offer: Daljeet Singh Kohli
“Stocks like Siemens, Honeywell Automation, ABB, Hitachi have been on our buying radar since January. We are looking for good returns. In the last four-five years they have not given returns and there will be a lot of capex on the upgradation of machinery. Many of these companies have adopted automation and digitisation. One stock to play auto ancillary plus digitisation is Bosch.”
22 of top 500 stocks need up to 200% rally to revisit 52-week highs!
Three stocks Brightcom Group, Tata Teleservices (Maharashtra) and Zomato require a 175-176 per cent rally to revisit their 52-week highs. While not many brokerages track the first two stocks, a host of brokerages have turned positive on Zomato. The stock has also been in a recovery mode, having risen some 15 per cent in the last one month.
Indiabulls Real Estate net debt down 54%, merger with Embassy Group underway
Indiabulls Real Estate has cut its net debt by 54% to Rs 464 crore during the three months ended June, compared to the March quarter. Besides, the merger with the Embassy Group is in the final stage of the National Company Law Tribunal (NCLT) review, the company said in its investor presentation.
Elan Group buys 7.65 acre land in Gurugram from Ambience group for over Rs 200 cr
Located at Sector 106, Dwarka Expressway, Gurugram, the 40-acre land parcel is fully licensed for the development of housing and commercial projects. About 30 acres of land is meant for residential development and the rest 10 acres for commercial development.
Oberoi Realty in talks to acquire 50-acre land in Gurgaon
There is an under-construction residential tower on the property, developed by IREO Projects, with some sold units. Several homebuyers had approached the developer to help revive the project.
Pardos Real Estate acquires 7-acre land in Gurgaon for Rs 180 crore
The company is expected to construct an office tower on the acquired land, the people cited earlier said, adding that CBRE India has facilitated the deal.
Ahead of Market: 10 things that will decide D-St action on Thursday
Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services, said a sharp cool-off in oil prices has improved sentiments for oil-sensitive sectors like FMCG, cement, paint and auto. “Nifty now needs to sustain above 16,000 mark to keep the positive momentum going ahead.
Midyear Wrap: 4 out of every 5 BSE500 stocks settle with deep cuts
According to the data from AceEquity, 392 stocks out of the BSE 500 index have delivered negative returns between January to June 2022. It means that four out of every five stocks are down on a year-to-date (YTD) basis as of June 29.About 210 stocks have dropped more than 20 per cent in the first half of 2022, while 40 stocks have tanked between 40-72 per cent, highlighting painful six months for investors.
Indiabulls Real Estate guilty of profiteering Rs 6.46 cr, to refund homebuyers: NAA
Based on a case filed by a homebuyer that Indiabulls Real Estate has not passed on ITC benefits in project Sierra-Vizag, situated in Visakhapatnam, the Directorate General of Anti Profiteering (DGAP) investigated the case and found the builder guilty of profiteering.
Out of the BSE-500 index, Solara Active, Dilip Buildcon, Indiabulls Real, Hikal, Indiabulls Housing, Brightcom Group, Metropolis Healthcare, Jindal Stainless, RBL Bank, and Dishman Carbogen are 48-68% away from their 200-DMAs. This means pessimism in these stocks is high. Stocks in the financial sector are furthest away from their 200-DMAs.
Top 10 smallcaps that mutual funds bought & sold in May
MFs held 1 lakh Maharashtra Scooters shares worth Rs 48 crore at the end of April. They held Rs 62 crore worth 2 lakh shares in the company at the end of May.In PCBL, MF increased holding to 1.03 crore shares from 81 lakh shares. They owned PCBL shares worth Rs 109 crore at May-end against Rs 90 crore a month ago.
Benami case: Relief for Maharashtra RERA chief Ajoy Mehta
The AA has also held that the alleged beneficial owner, Pune-based builder Avinash Bhosale, the promoter of ABIL group, “...has not provided any consideration to the company from whom Mehta purchased the flat and nor has he derived any benefit out of the said transaction”, a source familiar with the AAs order said.
I-T dept conducts searches in premises linked to Embassy Group in Bengaluru, Gurgaon, Mumbai
The income tax department is also searching premises of Indiabulls Real Estate in Mumbai's Bandra-Kurla Complex (BKC) and Gurgaon area in the backdrop of its impending merger with the company.