Nifty and Sensex closed up for a 7th straight day. Easing inflation worries, cooling off in oil prices and continued FII buying cheered investors. Midcaps (+1.1%) and Smallcaps (0.6%) also moved in sync. Nearly two stocks rose for every loser. ✌️
Metals and Energy topped the list of gainers, +1.8% each. Autos (1.7%) and Real Estate (1.5%) stocks also witnessed healthy gains. PSU Banks (-1.4%) saw profit booking. 💸
This smallcap paper stock can deliver +40% returns from current levels. More details are below. 🔥
NDTV was locked in a 5% upper circuit after founders Prannoy and Radhika Roy resigned as directors. 🚀
Zomato gained +2%. Over 27 cr shares (3.4% equity) changed hands via multiple block deals. Reports indicate that Alibaba is the seller. 🧐
NMDC increased iron ore prices by up to 8%, the first hike since August! The stock closed flat. 📈
Inox Wind rallied +7% intraday after repaying Rs 250 cr to the lenders. 👍
Ashoka Buildcon won new orders worth Rs 1,668 cr from the National Highway Authority of India (NHAI). 🚧
Dharmaj Crop Guard IPO got oversubscribed 40 times on the final day.
Metals and Energy topped the list of gainers, +1.8% each. Autos (1.7%) and Real Estate (1.5%) stocks also witnessed healthy gains. PSU Banks (-1.4%) saw profit booking. 💸
This smallcap paper stock can deliver +40% returns from current levels. More details are below. 🔥
NDTV was locked in a 5% upper circuit after founders Prannoy and Radhika Roy resigned as directors. 🚀
Zomato gained +2%. Over 27 cr shares (3.4% equity) changed hands via multiple block deals. Reports indicate that Alibaba is the seller. 🧐
NMDC increased iron ore prices by up to 8%, the first hike since August! The stock closed flat. 📈
Inox Wind rallied +7% intraday after repaying Rs 250 cr to the lenders. 👍
Ashoka Buildcon won new orders worth Rs 1,668 cr from the National Highway Authority of India (NHAI). 🚧
Dharmaj Crop Guard IPO got oversubscribed 40 times on the final day.
Nifty and Sensex extended their record-breaking rally after the US Federal Reserve hinted at smaller rate hikes going forward. Midcaps (+0.8%) and Smallcaps (+0.4%) also climbed higher. 📈
Most sectors ended in the green. IT, PSU Banks and Real Estate stocks rallied +2% each. Energy (-0.6%) stocks closed down for the first time in 7 days. 🔥
In high demand! This midcap stock hit a new all-time high. Know more below. 🚀
IT stocks were lit. L&T Tech, Mphasis and Birlasoft rallied between 6%-9% each. Check out their charts below. 💯
Zomato closed up 3% after Temasek picked up a 1.1% stake in the company. 😋
Bandhan Bank dropped 5% intraday after the lender said it expects bad loans to rise to Rs 8,000 cr by FY23-end; +58% from current levels. 🤯
Likhita Infrastructure rallied +4% intraday after ace investor Ashish Kacholia bought nearly 4 lakh shares (2% equity). 💯
Tamilnad Mercantile Bank received the RBI approval to undertake government agency business. The stock jumped 4%. ✅
Cosmo First will buy back 10 lakh shares at Rs 1,070 apiece, +30% from today’s closing price. 💸
Uniparts India IPO got fully subscribed on day 2. 👍
Most sectors ended in the green. IT, PSU Banks and Real Estate stocks rallied +2% each. Energy (-0.6%) stocks closed down for the first time in 7 days. 🔥
In high demand! This midcap stock hit a new all-time high. Know more below. 🚀
IT stocks were lit. L&T Tech, Mphasis and Birlasoft rallied between 6%-9% each. Check out their charts below. 💯
Zomato closed up 3% after Temasek picked up a 1.1% stake in the company. 😋
Bandhan Bank dropped 5% intraday after the lender said it expects bad loans to rise to Rs 8,000 cr by FY23-end; +58% from current levels. 🤯
Likhita Infrastructure rallied +4% intraday after ace investor Ashish Kacholia bought nearly 4 lakh shares (2% equity). 💯
Tamilnad Mercantile Bank received the RBI approval to undertake government agency business. The stock jumped 4%. ✅
Cosmo First will buy back 10 lakh shares at Rs 1,070 apiece, +30% from today’s closing price. 💸
Uniparts India IPO got fully subscribed on day 2. 👍
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Tata Play – Tata Son’s 1st IPO in over Two Decades
Previously known as Tata Sky, Tata Play has now received the distinction of being the first Indian company to submit all its requisite confidential IPO papers, such as the ‘pre-filed’ draft document, with the requisite regulatory bodies. Owing to regulations, until the IPO launch, the papers will not be made available for public scrutiny.
Tata Sons owns a majority 62.2% stake in Tata Play and aims to use the primary market to raise Rs.2,500 Crores, in what is said to be the company’s first IPO in over two decades. The last such IPO held by the company was way back in 2004 when the TCS IPO was launched.
It is suggested that the Tata Play IPO will offer an amalgamation of fresh issue shares, as well as OFS (offer for sale). The remaining 37.8% stake in Tata Play is jointly held by Walt Disney and Tata Opportunities Fund.
It is suggested that the two financial investors will exit the company, while Walt Disney will still retain a certain number of shares in the company.
In FY22, Tata Play managed to rake in revenue worth Rs.4,741 Crores, of which its profits stood at Rs.69 Crores.
Disclaimer:
1 – This blog is exclusively for educational purposes.
2 – The securities quoted are exemplary and are not recommendatory.
3 – Such representations are not indicative of future results.
Source: Times of India
Previously known as Tata Sky, Tata Play has now received the distinction of being the first Indian company to submit all its requisite confidential IPO papers, such as the ‘pre-filed’ draft document, with the requisite regulatory bodies. Owing to regulations, until the IPO launch, the papers will not be made available for public scrutiny.
Tata Sons owns a majority 62.2% stake in Tata Play and aims to use the primary market to raise Rs.2,500 Crores, in what is said to be the company’s first IPO in over two decades. The last such IPO held by the company was way back in 2004 when the TCS IPO was launched.
It is suggested that the Tata Play IPO will offer an amalgamation of fresh issue shares, as well as OFS (offer for sale). The remaining 37.8% stake in Tata Play is jointly held by Walt Disney and Tata Opportunities Fund.
It is suggested that the two financial investors will exit the company, while Walt Disney will still retain a certain number of shares in the company.
In FY22, Tata Play managed to rake in revenue worth Rs.4,741 Crores, of which its profits stood at Rs.69 Crores.
Disclaimer:
1 – This blog is exclusively for educational purposes.
2 – The securities quoted are exemplary and are not recommendatory.
3 – Such representations are not indicative of future results.
Source: Times of India
Markets were super volatile as the second and final phase of voting in Gujarat began today. Nifty and Sensex closed flat. The Midcap Index (+0.3%) hit a new high and Smallcaps (0.4%) also outperformed. 📈
Most sectors closed higher. Metals (+1.9%) and PSU Banks (+1.2%) were the stars of the day. IT stocks (-0.5%) witnessed profit booking. 💸
ICICI Bank closed up for the first time in three days as investors cheered the private lender’s growth plans. 💯
Cement stocks were in high demand. JK Lakshmi Cement rallied by +10%. Sanghi Industries and Sagar Cements rose by +5% each. 🚀
M&M Financial Services (+5%) closed up for a fourth straight day on a solid November business update. 📊
Gujarat Fluorochemicals tanked 6% after 20 lakh shares (1.8% equity) changed hands in a large block deal. 🤝
MTAR Technologies (+2%) hit a new all-time high. The company is confident of achieving 55%-60% topline growth in FY23. 💯
Angel One (-4%) added 3.2 lakh new customers in November, down 7% over the previous month. 👎
Persistent Systems dropped 2% after JP Morgan downgraded the stock. They see an additional 4% downside from current levels. 😶
SJVN (+5%) bagged a 200 MW solar project worth ₹1,200 cr from Maharashtra State Electricity Distribution Company Ltd (MSEDCL). ⚡️
Most sectors closed higher. Metals (+1.9%) and PSU Banks (+1.2%) were the stars of the day. IT stocks (-0.5%) witnessed profit booking. 💸
ICICI Bank closed up for the first time in three days as investors cheered the private lender’s growth plans. 💯
Cement stocks were in high demand. JK Lakshmi Cement rallied by +10%. Sanghi Industries and Sagar Cements rose by +5% each. 🚀
M&M Financial Services (+5%) closed up for a fourth straight day on a solid November business update. 📊
Gujarat Fluorochemicals tanked 6% after 20 lakh shares (1.8% equity) changed hands in a large block deal. 🤝
MTAR Technologies (+2%) hit a new all-time high. The company is confident of achieving 55%-60% topline growth in FY23. 💯
Angel One (-4%) added 3.2 lakh new customers in November, down 7% over the previous month. 👎
Persistent Systems dropped 2% after JP Morgan downgraded the stock. They see an additional 4% downside from current levels. 😶
SJVN (+5%) bagged a 200 MW solar project worth ₹1,200 cr from Maharashtra State Electricity Distribution Company Ltd (MSEDCL). ⚡️
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Key Highlights - RBI Monetary Policy
👉RBI hikes repo rates by 35 bps to 6.25%
👉Stance focused on withdrawal of accommodation
👉Inflation expected to be above 4% in the next 12 months
👉GDP growth forecast for FY23 revised downwards to 6.8%
👉Inflation aim retained at 6.7% for FY23
👉CPI inflation forecast for Oct-Dec 2022 raised to 6.6% from 6.5%
👉GDP growth forecast for Oct-Dec 2022 lowered to 4.4%
👉GDP growth forecast for Jan-Mar 2023 lowered to 4.2%
👉RBI hikes repo rates by 35 bps to 6.25%
👉Stance focused on withdrawal of accommodation
👉Inflation expected to be above 4% in the next 12 months
👉GDP growth forecast for FY23 revised downwards to 6.8%
👉Inflation aim retained at 6.7% for FY23
👉CPI inflation forecast for Oct-Dec 2022 raised to 6.6% from 6.5%
👉GDP growth forecast for Oct-Dec 2022 lowered to 4.4%
👉GDP growth forecast for Jan-Mar 2023 lowered to 4.2%
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Due to Orders from Law Enforcement Agencies to the stock exchanges (RefNo: PS CASE NO – 646/22 DT.26.10.2022 u/s 420/406/409/506/120B IPC), shares of Brightcom Group Ltd. (BCG) purchased on 5th & 6th Dec 2022 have been withheld and are unavailable for selling
Nifty and Sensex closed up for a second straight day after November retail inflation slipped below 6% (first time in 10 months!!). Midcaps and Smallcaps also moved in sync; up 0.5% each. The advance-decline ratio was split evenly. ✌️
Most sectors closed in the green. State-owned Banks (+4%) stood head & shoulders above the rest. IT stocks (+1.1%) snapped their 7-day losing streak. Real Estate (-0.8%) stocks dragged lower. 💸
Dalmia Bharat came out on top in its bid to acquire JaiPrakash’s cement business. More details below. 💯
Yes Bank (+13%) hit the highest level since July 2020. PS – the stock is +35% in the last 3 days! 🔥
Paytm gained +2%. They will consider the proposal of a share buyback today. 🙏
Tata Motors will increase commercial vehicle prices by 2% from Jan. 🚛
AB Capital is in talks to sell its insurance broking business, according to Bloomberg. 💰
BGR Energy Systems was locked in a 20% upper circuit after receiving a Rs 330 cr order from Indian Oil Corporation. 🚀
IPO update. Abans Holding (0.25x) and Sula Vineyards (0.5x) IPO saw muted retail interest. Tomorrow is the final day for both public offers. 🥱
Landmark Cars IPO opened for subscription today. 💯
Most sectors closed in the green. State-owned Banks (+4%) stood head & shoulders above the rest. IT stocks (+1.1%) snapped their 7-day losing streak. Real Estate (-0.8%) stocks dragged lower. 💸
Dalmia Bharat came out on top in its bid to acquire JaiPrakash’s cement business. More details below. 💯
Yes Bank (+13%) hit the highest level since July 2020. PS – the stock is +35% in the last 3 days! 🔥
Paytm gained +2%. They will consider the proposal of a share buyback today. 🙏
Tata Motors will increase commercial vehicle prices by 2% from Jan. 🚛
AB Capital is in talks to sell its insurance broking business, according to Bloomberg. 💰
BGR Energy Systems was locked in a 20% upper circuit after receiving a Rs 330 cr order from Indian Oil Corporation. 🚀
IPO update. Abans Holding (0.25x) and Sula Vineyards (0.5x) IPO saw muted retail interest. Tomorrow is the final day for both public offers. 🥱
Landmark Cars IPO opened for subscription today. 💯
Markets were back in the green. Nifty and Sensex pulled back sharply after last week’s ugly fall. PS – Reliance, HDFC and ITC contributed over 1/3rd of the total gains. Midcaps and Smallcaps rose half a per cent each. 📈
Except for IT (-0.5%), all the other sectors closed in the green. Autos (+1.6%) and FMCG (+1.5%) were up big time. Metals (+1.3%) neared a new all-time high. 💯
IT stocks may not be out of the woods yet after Accenture’s disappointing growth outlook. 😔
Sugar stocks broke out in trade. Sakhti Sugar was locked in a 20% upper circuit for a second straight day. Dalmia Bharat Sugar and Dhampur rallied between 11%-14%. 🚀
UTI AMC bounced 13% on reports that Tata Mutual Fund is in advanced talks to acquire the company. 🤝
Dilip Buildcon won a Rs 1,647 cr order from the National Highway Authority of India (NHAI). 🚧
Speciality Restaurants (+14%) will consider raising funds on Dec 21. 💰
Tata Elxsi (-1%) closed down for a 12th straight day, the longest losing streak since July 2019. 📉
IGL increased CNG prices in Delhi by Re 1 to Rs 79.56/kg. 😓
Phoenix Mills will develop a 1 million square feet mall in Surat, Gujarat. This will be the company’s second mall in the state after Ahmedabad. 🛒
KFin Technologies IPO got 50% subscribed on day 1. 👍
Except for IT (-0.5%), all the other sectors closed in the green. Autos (+1.6%) and FMCG (+1.5%) were up big time. Metals (+1.3%) neared a new all-time high. 💯
IT stocks may not be out of the woods yet after Accenture’s disappointing growth outlook. 😔
Sugar stocks broke out in trade. Sakhti Sugar was locked in a 20% upper circuit for a second straight day. Dalmia Bharat Sugar and Dhampur rallied between 11%-14%. 🚀
UTI AMC bounced 13% on reports that Tata Mutual Fund is in advanced talks to acquire the company. 🤝
Dilip Buildcon won a Rs 1,647 cr order from the National Highway Authority of India (NHAI). 🚧
Speciality Restaurants (+14%) will consider raising funds on Dec 21. 💰
Tata Elxsi (-1%) closed down for a 12th straight day, the longest losing streak since July 2019. 📉
IGL increased CNG prices in Delhi by Re 1 to Rs 79.56/kg. 😓
Phoenix Mills will develop a 1 million square feet mall in Surat, Gujarat. This will be the company’s second mall in the state after Ahmedabad. 🛒
KFin Technologies IPO got 50% subscribed on day 1. 👍
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COVID-19 review meeting underway; Nifty Pharma gains
In view of the recent rising cases of COVID-19 in some countries, Union Health Ministry has requested States/UTs to send samples of all COVID-19 positive cases to INSACOG labs to track new variants, if any. Health Ministry and INSACOG are keeping a sharp watch on the situation, as per reports.
In view of the recent rising cases of COVID-19 in some countries, Union Health Ministry has requested States/UTs to send samples of all COVID-19 positive cases to INSACOG labs to track new variants, if any. Health Ministry and INSACOG are keeping a sharp watch on the situation, as per reports.
Markets closed down for the fourth time in the past five days. Fears of a deeper US recession plus rising covid infections globally dragged stocks lower. Midcaps (-1.6%) and Smallcaps (-2.2%) also witnessed deep cuts. ✂️
Most sectors ended lower. PSU Banks (-2.9%) and Metals (-2.3%) topped the list of losers. Pharma (+2.4%) and IT (+0.5%) were the only gainers. ✌️
This smallcap NBFC (CMS Infosystems) can rally 28% from current levels. 💸
Healthcare and diagnostic stocks were in high demand today. Thyrocare Technologies, Vijaya Diagnostics and Metropolis Healthcare rallied between 7%-15% each. 🚀
City Union Bank dropped over 8% intraday after the Reserve Bank of India found underreporting of NPAs worth Rs 259 cr. 🚨
Dixon Tech reduced its FY23 mobile business revenue guidance to Rs 4,000-4,500 cr. 📊
Shyam Metalics entered the stainless steel business; will invest Rs 7,500 cr to scale up operations. 💰
Uno Minda partnered with Korea-based Ascentec to boost its automotive sensor business. 🏍
IPO Update. KFin Technologies IPO sailed through on the final day. Elin Electronics IPO also got fully subscribed. 💯
Most sectors ended lower. PSU Banks (-2.9%) and Metals (-2.3%) topped the list of losers. Pharma (+2.4%) and IT (+0.5%) were the only gainers. ✌️
This smallcap NBFC (CMS Infosystems) can rally 28% from current levels. 💸
Healthcare and diagnostic stocks were in high demand today. Thyrocare Technologies, Vijaya Diagnostics and Metropolis Healthcare rallied between 7%-15% each. 🚀
City Union Bank dropped over 8% intraday after the Reserve Bank of India found underreporting of NPAs worth Rs 259 cr. 🚨
Dixon Tech reduced its FY23 mobile business revenue guidance to Rs 4,000-4,500 cr. 📊
Shyam Metalics entered the stainless steel business; will invest Rs 7,500 cr to scale up operations. 💰
Uno Minda partnered with Korea-based Ascentec to boost its automotive sensor business. 🏍
IPO Update. KFin Technologies IPO sailed through on the final day. Elin Electronics IPO also got fully subscribed. 💯
Benchmark indices ended lower for the fourth consecutive session on December 23 with Nifty below 17,900.
Adani Ports, Adani Enterprises, Hindalco Industries, Tata Steel and Tata Motors were among the biggest Nifty losers.
All the sectoral indices ended in the red.
The BSE midcap index lost 3.3 percent and smallcap index slipped nearly 4 percent.
Adani Ports, Adani Enterprises, Hindalco Industries, Tata Steel and Tata Motors were among the biggest Nifty losers.
All the sectoral indices ended in the red.
The BSE midcap index lost 3.3 percent and smallcap index slipped nearly 4 percent.
Markets had the worst week in over 6 months. Nifty and Sensex dropped 1.7% each as global uncertainties ruined the festive spirit. Midcaps (-3.8%) and Smallcaps (-4.7%) got wrecked. There were barely 111 gainers out of +2,000 stocks on NSE!!! 🚨
It was a sea of red across the board for a second day running. PSU Bank (-6%) fell at the same pace they rose in recent weeks. Metals (-4.5%) and Energy (-3.9%) were completely wasted. 👊
Pharma & Healthcare stocks rallied on rising Covid fears. Shilpa Medicare jumped 10%. Nureca Ltd and IOL Chemicals & Pharma rose +5% each. 📈
Vedanta (-2%) emerged as the lowest bidder for a mining project in Goa. ⛏
Godrej Properties (-3%) will develop a residential project in Gurugram. The project is estimated to earn Rs 3,000 cr in revenue. 🏗
Ajanta Pharma gained 1%. ICICI MF bought 11 lakh shares and Nippon India AMC bought 7 lakh shares yesterday. 👍
Ingersoll Rand (+6%) will invest Rs 170 cr to set up a new manufacturing unit in Gujarat. 🏭
IPO Update. Landmark Cars (-5%) and Abans Holdings (-15%) had a disappointing Dalal Street debut. Radiant Cash Management Services IPO opened for subscription today. 🔍
It was a sea of red across the board for a second day running. PSU Bank (-6%) fell at the same pace they rose in recent weeks. Metals (-4.5%) and Energy (-3.9%) were completely wasted. 👊
Pharma & Healthcare stocks rallied on rising Covid fears. Shilpa Medicare jumped 10%. Nureca Ltd and IOL Chemicals & Pharma rose +5% each. 📈
Vedanta (-2%) emerged as the lowest bidder for a mining project in Goa. ⛏
Godrej Properties (-3%) will develop a residential project in Gurugram. The project is estimated to earn Rs 3,000 cr in revenue. 🏗
Ajanta Pharma gained 1%. ICICI MF bought 11 lakh shares and Nippon India AMC bought 7 lakh shares yesterday. 👍
Ingersoll Rand (+6%) will invest Rs 170 cr to set up a new manufacturing unit in Gujarat. 🏭
IPO Update. Landmark Cars (-5%) and Abans Holdings (-15%) had a disappointing Dalal Street debut. Radiant Cash Management Services IPO opened for subscription today. 🔍
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