Above Stocks
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Above Stocks is an Indian stock market update group. We provide our recommendations for educational purposes only. Consult ur financial advisor before performing any trades.
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๐Ÿ‘‰This group does not provide any tips/recommendations/advice
๐Ÿ‘‰All updates/posts/discussions are only for education and learning purpose.
๐Ÿ‘‰Do Consult your financial advisor before taking trades or investment decisions
๐Ÿ‘‰Group Admins or Members are not responsible for any financial losses
๐Ÿ‘‰Disclaimer/disclosure/terms and conditions applicable to all members of this channel

We are not sebi registered

All the posts are for education and learning purpose only๐Ÿ‘
Mutual Funds Increase Holdings in Private Banks, This Bank Experiences Record Surge

Mutual funds significantly increased their holdings in top private banks, driven by promising growth opportunities. ๐Ÿ“ˆ
HDFC Bank saw the most significant increase in mutual fund shareholding, followed by Kotak Mahindra Bank and IndusInd Bank. ๐Ÿฆ
This trend coincided with a rise in the share prices of these banks and the Nifty Private Bank index. โฌ†๏ธ
Despite mixed quarterly results, the private banking sector remains robust, drawing considerable interest from investors. ๐Ÿ’ช
In Q1FY25, private sector banks collectively reported a 23% year-on-year increase in net profit. ๐Ÿ’ฐ
India's stock market and finance sector continue to thrive, with private banks at the forefront of this growth trajectory. ๐Ÿ‡ฎ๐Ÿ‡ณ
Adani Power Q1 Result Analysis

Positive Aspects:
The growth in revenue from operations, EBITDA, and PBT indicates strong operational performance.
Increased power demand and higher plant load factors contributed positively.
The increase in effective installed capacity and improved operational efficiency are significant achievements.
Lower import fuel prices have positively impacted profitability.


Concerns:
The decline in Profit After Tax by 55% is primarily due to the high base effect from prior period income recognition in the previous year.
The significant increase in tax expenses has also impacted the net profit.
Over Last Week

๐Ÿ“‰ FII Selling: - โ‚น11,594 Cr
๐Ÿ“ˆ DII Buying: + โ‚น19,803 Cr

๐Ÿ”‘ Key Insight:

Indian markets are now highly dependent on Domestic Institutions.
Mutual Fund houses, which are currently cash-rich, play a crucial role in maintaining market highs.
Infosys is being investigated by the Directorate General of GST Intelligence for the alleged evasion of over Rs 32000 crores in integrated goods and service tax, an internal document accessed by ET Prime shows.

Infosys may suffers a major setback.
INFY ADR 3% Down
Kal Nifty 25,000+ Hoga ?
Anonymous Poll
82%
Yes
18%
No
US Fed holds rates steady, nods to possible September cut.
Mainboard IPO
Akums Drugs - Closes Today : 25% GMP
Ceigall India - Closes on 5th Aug : 22% GMP
Ola Electric - Closes on 6th Aug : 20% GMP
From Zone to Zone ๐Ÿ˜
Billionaire Druckenmiller invests in #AdaniEnergy $1 billion QIP

โž–โž–โž–โž–โž–โž–โž–โž–โž–โž–
Who is Druckenmiller:

โ€ขHighly influenced By George Soros
โ€ขUntil 2000, he worked for George Soros. The duo famously bet short against the British pound in 1992 and broke the Bank of Englandโฟฌ .
Post-demerger, Adani Enterprise shareholders will receive 251 shares of Adani Wilmar for every 500 shares of AEL, or in that ratio.
Total Market Cap of BSE-Listed Companies

31.3.20 - $ 1.5 Trillion
Today. - $ 5.5 Trillion

In just 52 months, India added $4 Trillion to its investors wealth which is the fastest and largest wealth creation ever done in India.
HUL at crucial zone levels, the best performing stocks of today.

Money will be coming out from safe assets lkike HUL, Nestle, Britania and will enter in normal markets to make it recover.
Double Bottom formation in NIFTY, above 24060 it can reach till 24150, 24200 today
24105 ๐Ÿ”ฅ
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24127 ๐Ÿ”ผ๐Ÿ•ฏ
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Japan's Index Made a bounce back from important Support. Good News
BREAKING: Bangladeshโ€™s prime minister has resigned.
Possibly,army rule is on the cards.

๐Ÿงถ๐ŸงตTextile sector on radar๐Ÿ‡ฎ๐Ÿ‡ณ
Welspun Living @ 174

Keep Watch
Flows in Cash Market on 05-Aug-2024, Monday

โฌ‡๏ธ FII net sold โ‚น10074 cr
โซDII net bought โ‚น9156 cr

Net ๐Ÿ”ป- 918 cr