Neeraj Dewan on 2 dark horses that may emerge from Tata stable next year
"I feel IT, even after the run up that we have seen, have underperformed for some time. People are not having that kind of position in IT and maybe there is still more steam left in IT though after the move, not only stocks like Infosys, HCL Technologies have moved up but some of the midcap IT names like KPIT or LTTI can also see some more upside from these levels."
Neeraj Dewan decodes why this apparel stock could be a Dhamaka pick
“Lux Industries benefits from China plus one opportunity as they move to 46 countries, which is about 6% of their sales and that also should continue and increase the global footprint for the company. The company is also seeing good growth and good traction online and expects about Rs 1,000 crore of sales from online channels alone in the next two to three years.”
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.
For the quarter ended June 30, 2022, the company has reported a consolidated total income of Rs 571.69 crore, down 3.59 per cent from last quarter total income of Rs 592.96 crore and up 35.76 per cent from last year same quarter total income of Rs 421.09 crore.
Lux Industries aims to double market share of its innerwear brand in India
Lux Venus with its product portfolio of drawers and vests has a strong presence in the market due to its high brand recall and currently enjoys a market share of 15-16% in the mens innerwear market, which is expected to double in the near short-term future. Contributing around 28% to the topline, Venus achieved a turnover of Rs. 640 crore in FY22, selling approximately 12 crore. pieces.
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.
These 5 stocks have seen rise in price with volumes in the last 3 days
The Indian market has started an uptrend in the last three days and the government's decision to reduce the windfall tax seems to have brought more cheer. Here are five stocks that have investors interested
Sebi modifies interim order in Lux Industries case
Accordingly, the regulator modified its interim directions and allowed credit and debit of securities in the accounts of the entities except the securities of Lux Industries.
Trade Spotlight | What should investors do with Bectors Food, IOL Chemicals, Lux Industries, BHEL, Manappuram Finance on Monday?
IOL Chemicals and Pharmaceuticals is poised for short-term breakout of Rs 440, hence any strong close above Rs 440 level may lead upside momentum towards Rs 480-510 levels.
70 high quality names available at 20-55% discount to 52-week highs
Quality can be defined differently by many analysts, but there is a consensus that a company that uses its capital efficiently and churns good profits for its shareholders consistently can be regarded as a quality name.
These 21 stocks need to rally up to 200% to revisit 52-week highs!
Tata Teleservices (Maharashtra), Solara Active Pharma Sciences, Vaibhav Global, Sequent Scientific, Jubilant Pharmova and Spandana Sphoorty Financial need to rally 133-183 per cent to revisit their 52-week highs.
Biggest gainers & losers of the day: Sharda Cropchem zooms, Lux Industries drops 20%
Ajit Mishra, VP - Research, Religare Broking said, "Markets took a breather and gained over half a per cent, tracking firm recovery in the US markets and upbeat earnings. Healthy buying in select index majors from banking, auto and telecom space helped the index to gradually inch higher as the day progressed."
Stocks in the news: Infosys, Airtel, BPCL, Nuvoco Vistas and Lux Industries
Infosys said it has almost completed its buyback programme and buyback committee will meet on September 8 to consider closure of the buyback programme.
4 stocks turned multibaggers in 2021 after strong margin show
Balaji Amines saw its consolidated PAT margin improving to 21.61 per cent in the June quarter from 21.4 per cent in March, 20.12 per cent in December, 15.65 per cent in September and 14.16 per cent in the year-ago quarter. The scrip has soared 269.12 per cent this year.
Rupa jumps 20% after stellar Q4 show and funds buying stake
Renowned hedge fund manager Jeremy Grantham's GMO Emerging Market Fund and Abakkus Assets Sunil Singhania have purchased a small stake in the inner wear maker.
As Grantham’s GMO enters Rupa, should you look at innerwear stocks?
The rising interest of global equity funds in the sector is reflective of renewed interest in a space that had remained dormant over the past two years due to a crushing slowdown in domestic consumption.
Market Movers: Everybody wants in on innerwears; ‘Mota bhai’ flexes muscles, and M&M shares fly
WHV-EAM International Small Cap Equity Fund bought a stake in Lux Industries on Wednesday, which was followed up by Abakkus and GMO buying shares in Rupa & Company on Thursday.