Will Adani Group stocks continue to do well in new year? Sandip Sabharwal explains
"In cement, mny of the groups are expanding very rapidly after the entry of Adani. We could expect that ACC, Ambuja will also start expanding more rapidly. In the next two years, we will see significant supply and demand increases at a steady pace. So pricing and margins could come under pressure. Cyclically they will keep on moving up and down but long-term directionally, I am not playing cement at this stage."
Stocks in the news: Sula Vineyards, RIL, Adani Enterprises, Bandhan Bank and Adani Power
Sula Vineyards, India's largest wine producer, will make its debut on the bourses on Thursday. The company had raised a little more than Rs 960 crore between December 12-14 and sold its shares Rs 357 apeice.
India’s top 4 MFs added this snack maker to their portfolio in November
The one smallcap stock that stole the heart of most of the fund houses was Bikaji Foods. The top 4 funds bought shares of the company worth more than Rs 100 crore in November, according to the data compiled by Systematix Shares & Stocks.
Stocks in the news: HUL, Sun Pharma, Adani Enterprises, IndiGo, Paytm and Lupin
Adani Enterprises has acquired 100 percent stake in Alluvial Mineral Resources, from Adani Infra (India). Alluvial Mineral Resources is engaged in mining of minerals & ores activities and other allied activities.