These 4 multibaggers of 2021 turned investors poorer in 2022
Tanla Platforms, a stock unspoken off much among the analyst community, became the darling of Dalal Street in 2021 as its value more than doubled. The cloud communications services provider has over the last few years reported higher-than-industry earnings growth.
The tenor of the loan is likely to be five years. It may be priced 110-120 basis points above the Secured Overnight Financing Rate (SOFR), the benchmark that replaced Libor. The deal is expected to be sealed in the next few weeks.
After up to 2,500% surge in 2021, 6 of top 10 BSE500 winners take a big hit
Tata Teleservices (Maharashtra), which zoomed a solid 2,496 per cent in 2021, is down 40 per cent this year. Recently, the stock was in the news when the telecom operator announced that it will be issuing shares to the government of India in lieu of interest on the deferred spectrum and AGR dues. The company has been reporting losses for the last 13 consecutive quarters and in the last 40 quarters, it has reported profit only once.
Up over 40 per cent in a week, will this multibagger Tata stock lose steam?
This is a company which is actually not having any meaningful business at this point of time and because of the major holding by Tata Sons the floating stock in the market is less. Now we are hearing a lot of buzz around the 5G rollout and companies which have some sort of potential to benefit from it, Motilal Oswals equity strategist Hemang Jani said.
ETMarkets Smart Talk: Indiamart among 4 stocks with bullish chart setup: Rupak De
Nifty Bank has been outperforming Nifty for the last several weeks. The weekly chart shows a falling channel breakout, and the index has so far maintained its strength. Besides, the index has moved up after a brief consolidation, suggesting a possibility of an extended rally over the short to medium term.
#TTML good really started after hitting 90 levels moved up to 149 and took small profit booking now at 135 levels, considering the 5g coming the business will improve and expecting 180-200+ in few months
There’s a spike in some of the Rs 50 stocks; should you get into them?
“We are hearing a lot of buzz around the 5G rollout and companies which have some sort of potential to benefit from it. But for a company like Tata Tele Services, I do not see any specific reason why there should be so much rerating. We need to dig deeper into it and see if we get some insights.”
Big Movers on D-St: What should investors do with Tata Tele, Adani Gas and BLS International?
Stocks that were in focus include names like Tata Tele which was up by about 20 per cent, Adani Total Gas which closed with gains of over 6 per cent, and BLS International which rose nearly 14 per cent on Tuesday.
These stocks soared high during Covid but plunged as pandemic ebbed
The change in market stance from growth and momentum to value is clearly visible and the stocks which had gone expensive are seeing mean reversion as the valuations became unsustainable and unjustifiable
Broader market hit hard; 13 BSE500 stocks drop up to 25% last week
The worst fall was seen in TV18 Broadcast, which lost 25 per cent or a fourth of its value last week, to Rs 53.70 apiece. Bodhi Tree Systems is set to raise and invest Rs 13,500 crore in Viacom18, a 51:49 joint venture between Reliance Industries-owned TV18 and Paramount Global.
The week that was in 10 stocks: Tata Teleservices bleed 23%; Orient Bell, Garware Hi-Tech rally
Among the benchmark indices, BSE Sensex wiped out close to 2,000 points or 3 per cent and settled merely above 55,850 mark. Its peers, Nifty50 lost over 600 points or 4 per cent during the weekend and settled just above 16,650. Among the broader markets, the midcap index registered a 3 per cent fall whereas the index for smallcap stocks tanked 5 per cent during the week
Stocks in the news: Adani Wilmar, Airtel, JSW Energy, TVS Motors and Nalco
Airtel, Godrej CP, IRCTC:, Gujarat Gas, Jindal Steel, NMDC, Tata Teleservices, Indraprastha Gas, Bata, Escorts, Endurance Technologies and Suven Pharma are among the companies that will announce their December quarter results today.