We are extremely positive on alcoholic beverages segment: Nilesh Shah
And post the market consolidation for the last 18 months, the valuations also have turned relatively reasonable. So on the whole, great fundamentals, solid liquidity and reasonable valuations I think that really provides a lot of support and a lot of push for the markets to continue to move forward.
Why do liquor and tobacco stocks have a divergent trend? Anand Tandon answers
ITC's profitability in FMCG and hotels should be generating profits, and the company should deliver on their promise of separating these businesses and floating them separately to unlock value. The distribution restrains and give-and-take happening between United Spirits and the government to constrain the margins is the biggest challenge. Rural economy is expected to boost consumption and most staples should do well. It is time to focus on two-wheelers such as Bajaj, who has done well, and Hero, who still needs to catch up.
Time to buy into IT and also to hold on to bank stocks: Dilip Bhat
Market expert Dilip Bhat advises buying IT stocks, citing companies such as Infosys, TCS and Tech Mahindra as noteworthy, as companies are well managed, offer high EBITDA conversion rates into free cash and strong payouts. Bhat also believes that despite offering potential for solid returns, the banking sector may not offer significantly great returns from current levels so do not expect to make a large amount of money, but holding onto banking stocks will provide resilience for the overall portfolio.
United Spirits in talks with Haryana government to permit spirits in workplaces
United Spirits, India's biggest liquor firm, said it is in discussions with the Haryana government to allow spirits at workplaces after the state allowed low-content alcohol drinks such as beer, wine and ready-to-drink beverages inside large corporate offices from next month.
Q4 Results Roundup: GAIL, Bata India, Tata Elxsi, United Spirits, Container Corp
GAIL, Bata India, Tata Elxsi, United Spirits, Container Corp have announced their fourth quarter results today. GAIL's net profit more than doubled on a sequential basis to Rs 604 crore as against Rs 246 crore in the December quarter. Revenue from operations, however, fell 7% quarter-on-quarter to Rs 32,858 crore. During the quarter, natural gas transmission volume stood at 108.23 MMSCMD as against 103.
Robust top-line growth, resilient operating margins in extremely volatile, inflationary environment: USL MD Hina Nagarajan
The company, however, said the performance was strong after numbers are rebased to account for Pioneer Distilleries merger and adjusted for slump sale and franchising of the reviewed popular portfolio for a like for like comparison.
Stocks to buy today: 4 short-term trading ideas by experts for 16 May 2023
Indian markets are expected to open higher, following global market cues. The buying sectors on previous trading sessions were realty, FMCG, telecom, and public sector. Meanwhile, selling sectors were oil and gas, utilities and power. The maximum weekly Call OI is placed at 18,500 and then towards 18,400 strikes while the maximum Put OI is placed at 18,300 and then towards 18,200 strikes. Options data suggests a broader trading range in between 18,000 to 18,600 zones while the immediate trading range between 18,250 to 18,500 zones.
Carlsberg objects to valuation of Khetan's 33% in India-Nepal business
"The Carlsberg Group has disputed the put option valuation and the two parties have agreed to refer the issue to arbitration. We cannot comment any further on the timing of the outcome," Ulrica Fearn, chief financial officer at Carlsberg, told investors during its earnings call.
Excise policy case: CBI names Sisodia in chargesheet, calls him 'mastermind'
The Central Bureau of Investigation (CBI) in its first supplementary chargesheet filed in the Delhi excise policy case has alleged that former Deputy Chief Minister of Delhi, Manish Sisodia, was the mastermind of the whole scam.
The shareholders of McDowell including Porinju Veliyath's Equity Intelligence and US investment firms Acacia Partners, and the financial creditor are locked in a legal battle over control of the company. The appeal in the Supreme Court was filed by 15.51% of shareholders.
Discretionary spending may weaken in Q4; apparel, lifestyle cos and eateries expect sales to grow only 15%-20%
The slowdown is not restricted to apparel. Even the liquor segment that surpassed pre-Covid sales last year, could see slower growth. Analysts also said demand environment remains weak in the quick service restaurant (QSR) space. Fine dining restaurant chain Speciality Restaurants' managing director Anjan Chatterjee said the phenomenon of revenge eating is now tapering down with dine-in business down by 5%-15% for the industry.
Big Movers on D-St: What should investors do with DLF, United Spirits and AU Small Finance Bank?
On the daily and weekly charts, the stock has formed a promising breakout continuation formation. The texture of the chart suggests an uptrend continuation formation which is likely to continue in the near future.
Hot Stocks: Brokerage views on ICICI Bank, United Spirits and Aarti Industries
Nuvama Institutional Equities maintained a buy rating on Aarti Industries with a target price of Rs 776. “We recently visited a plant of Aarti Industries (AIL) and interacted with its management,” said the note.
STT impact on options trading! HNIs, Algo prop traders can have a huge impact: Mehul Kothari
At this point in time, Nifty is still holding on to the support of the lower end of a falling channel. This channel holds importance because the index is trading inside this falling channel since it made an all-time high.
Stocks to buy: 10 short-term trading ideas by experts for 6 March 2023
India VIX moved down by 6.09% from 12.97 to 12.18 levels on Friday. Volatility has been cooling off from the last seven sessions and paved the way for bulls at support zones. On the weekly options front, the maximum Call OI is placed at 18000 and then towards 17900 strikes while the maximum Put OI is placed at 17500 and then towards 17400 strikes.
Trading in March: Top 10 ideas from experts as bulls charge Nifty to new highs
In coming sessions, 17,700-17,800 levels (5 and 21 EMA) are expected to be next resistance area for the index and if the said levels get passed then psychological 18,000 mark which coincides with 20-day SMA is likely to be a crucial hurdle, with the support at 17,400-17,255 area