38 stocks turn multibaggers since last Holi; at least 32 double investor wealth
Shares of Mazagon Dock Shipbuilders, a public sector defence company, have surged about 187% since the last Holi. Other notable names, where investors have enjoyed bumper returns include, Ujjivan Financial Services (145%), Varun Beverages (115%), Kirloskar Ferrous Industries (101%), among others.
Kotak MF picks up smallcap bank stock that doubled in one year
Also, a meeting of the banks board of directors will be held on Tuesday, January 24, 2023, to consider, approve and take on record its financial results for the quarter and nine months ended December 31, 2022, the bank said in a BSE filing
Indian state-run firms plan Rs 34,000 cr bond raid as yields drop: Bankers
"Since yields have eased slightly, companies are going aggressive in their fundraising exercise, and also they would not want to keep a larger chunk towards the end of the fiscal as liquidity is likely to tighten," said Ajay Manglunia, managing director and head of investment grade group at JM Financial.
Sensex at record high but smallcap investors are waiting for Secret Santa
So far in the calendar year 2022, Nifty has advanced around 9% while Nifty Smallcap 100 index is down around 11%. Both Nifty Junior50 and Nifty Midcap100 have also underperformed the broader index by delivering 4% and 6%, respectively on a year-to-date (YTD) basis.
Tech That: Banks, agents best sellers for Bajaj Allianz Life
According to the new business statement for October published by the Insurance Regulatory and Development Authority of India (IRDAI), Bajaj Allianz is the fifth-largest private life insurer in terms of total market share, behind SBI Life, Max Life, HDFC Life and ICICI Prudential Life.
4 investment themes that are offering value in mid and smallcap space: Pankaj Tibrewal
“In the last six days, we have seen FIIs buying to the tune of Rs 14,000 crore, In the last two months, the selling intensity has come down. From here on, for the next six to eight months, it has to be a bottom-up approach rather than a top-down approach and look for companies which can probably weather this global storm.”
Big Movers on D-St: What should investors do with arur Vysya Bank, M&M and Bharti Airtel?
We believe that undergoing positive momentum will continue. This could take the stock towards its lifetime high of Rs 136.70. The stock is positively poised above its key moving averages on major timeframe charts.
ETMarkets Fund Manager Talk: Structural trend of SIPs strong, set to grow further: K Dileep, Geojit Financial
Even though we are the best performing market, FIIs risk appetite is expected to come down when the US Fed hikes interest rate. Hence, they are likely to reduce their risk exposure in emerging markets. The trend will reverse as soon as the Fed signals the interest rate has peaked or inflation has peaked in US.
Multibagger Karur Vysya Bank offers further potential upside of 24%: Anand Rathi
With a pick-up in business growth and a moderating slippage run-rate, medium-term credit costs are expected to be soft, noted the brokerage. Higher business growth combined with benign credit costs would lead to strong profitability in the medium term. Citing these the brokerage estimates a 1.1% RoA in FY23.
Nischal Maheshwari’s top largecap, midcap and smallcap picks for Diwali
“When the tide is up, all boats rise and for the banking sector and for the finance sector, the tide is coming almost three years after the IL&FS fiasco happened. It has taken three-four years for the system to clean up, over leverage to go down and most banks to get their capital back. This is just the start of the whole rally. The tide is strong and there is demand in the sector. The rerating should continue.”
Bears likely to take charge of D-St if Nifty breaks below 16,500 in October series: Sujit Deodhar
"Right now, if we see the weekly charts of Nifty, the index has not broken its high of 18,114 levels to confirm that it has started the higher top higher bottom series to form a view of buy on dips. Though the broader markets and the market breadth have been strong in this up move from 15,191-18,096. So, from Bank nifty & midcaps perspective, both the indices have taken out their previous swing tops & there buy on dips can be done."
Ahead of Market: 10 things that will decide stock action on Monday
The US markets on Friday ended in the red, with all the 3 major US indices slipping to levels not seen since mid-July. S&P closed below 3,900, a support level tracked closely. Largely, the warning of an impending global recession by FedEx cautioned investors.
Bank stocks surge on cleaner books and loan pick-up, can rise further
Analysts said the bullish momentum means the Bank Nifty index could outperform Nifty in the near-term. The Nifty Bank index has rallied 5.7% and 15.19% in the last one month and three months, respectively. The Nifty 50 index has gained 1.76% and 8.22% during this period.
Buy Karur Vysya Bank, target price Rs 88: HDFC Securities
For the quarter ended June 30, 2022, the company has reported a standalone total income of Rs 1672.60 crore, up 3.58 per cent from last quarter total income of Rs 1614.75 crore and up 4.80 per cent from last year same quarter total income of Rs 1595.93 crore.
Big Movers on D-St: What should investors do with Triveni Turbine, Karur Vysya Bank and Federal Bank?
Stocks that were in focus include names like Triveni Turbine which rose over 8 per cent, Karur Vysya Bank which gained over 7 per cent, and Federal Bank which closed with gains of more than 3 per cent. All stocks hit a fresh 52-week high.
Bharat Forge, Indian Hotels & 4 other stocks that Sandip Sabharwal has added recently
“We bought Bharat Forge on the reopening trades. We have also taken some exposure in Devyani International and Westlife along with Indian Hotels. We have added some amount of Lemon Tree because that is on a good turnaround path. On the engineering side, I have taken a bet in railway wagon companies like Texmaco and Titagarh Wagons.”
Ahead of Market: 10 things that will decide stock action on Friday
“The consolidation with high volatility is likely to continue for the next 1-2 sessions. Immediate support is placed at 17,200 and the strong resistance to be watched at 17,500 levels. A decisive move above the hurdle could pull Nifty towards the next upside trajectory of 17,800 levels.”
Karur Vysya Bank Q1 Results: Net profit jumps to Rs 229 crore
Net interest margin of the bank rose to 3.82 per cent in the latest quarter under review from 3.55 per cent in the same period a year ago.Total income rose to Rs 1,672.60 crore in Q1FY23 as against Rs 1,579.26 crore in Q1FY22.At the end of June, Gross Non Performing Assets (NPAs) fell to 5.21 per cent of the gross advances from 7.97 per cent at the end of June 2021.