Author: India

On July 27, NOCIL rose nearly 3 percent to hit a fresh 52-week high, Welspun India gained over 7 percent and Zensar Technologies closed 3 percent higher ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] = 0){ $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); //$ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); $ (‘#gainlosstxt_’+articleId).find(“.arw_red”).removeClass(“arw_red”).addClass(“arw_green”); }else if(resData[stkKey][‘percentchange’] 0) { var resStr=”; […]

Weak Asian cues and sell-off in the pharma stocks pushed Nifty50 below 15,800 levels, while the S&P BSE Sensex declined nearly 300 points. Let’s look at the final tally on D-Street – the S&P BSE Sensex was down 273 points to 52,578 while the Nifty50 closed with losses of 78 points to 15,746. Asian markets hit 2021 lows […]

Niraj Kumar, Chief Investment Officer at Future Generali India Life Insurance Company, expects domestic cyclical sectors to outperform traditional defensive going forward. In an interview with Moneycontrol’s Sunil Shankar Matkar, Kumar said he expects sectors such as banking & financials, metals & mining, capital goods, infrastructure, cement, autos to benefit from the cyclical upswing in the economy. Edited […]

Experts have observed an inverse correlation between paint stocks and crude oil prices. That, along with other technical factors, could provide impetus and drive the Kansai Nerolac stock towards Rs 705 levels. ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] = 0){ $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); //$ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); $ (‘#gainlosstxt_’+articleId).find(“.arw_red”).removeClass(“arw_red”).addClass(“arw_green”); }else […]

One of the most responsible modes of investing is to invest in ESG stocks. This not only prioritizes financial returns but also puts the impact of a company on the environment, its stakeholders, and the planet very seriously. ESG has shown remarkable financial performance which has drawn a lot of investor attention. This is mainly […]

Global equity markets have bounced back strongly over the last 15 months following the sharp sell-off in February-March 2020. The rally has been largely fuelled by excessive liquidity resulting from the monetary and fiscal stimulus measures announced by central banks and governments across the world. The rally has also been aided by the increase in […]

Harshad Borawake, Head – Equity Research at Mirae Asset Investment Managers India, said Nifty companies posted more than 20% earnings growth in FY21, a first in many years. Also Bloomberg consensus estimates indicate 20%+ earnings CAGR between FY21 and FY23 led by cyclical sectors. Borawake has more than 17 years of experience across industries like financials, oil & […]

Here’s what Vikas Jain of Reliance Securities recommends investors should do with these stocks when the market resumes trading today ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] = 0){ $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); //$ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); $ (‘#gainlosstxt_’+articleId).find(“.arw_red”).removeClass(“arw_red”).addClass(“arw_green”); }else if(resData[stkKey][‘percentchange’] 0) { var resStr=”; var url = ‘//www.moneycontrol.com/mccode/common/saveWatchlist.php’; $ .get( “//www.moneycontrol.com/mccode/common/rhsdata.html”, […]

Shooting Star is a single candle bearish pattern that usually marks the end of an uptrend. The pattern is usually formed at the top of an uptrend. The Shooting Star can be identified with a long shadow and a small body. It is formed when the underlying stock or index opens and then gains momentum […]

Jubilant Ingrevia has been in an uptrend since it got listed on the exchanges. It hit a record high of Rs 671 on July 22. A recent breakout suggests a further upside up to Rs 730-750 in the next 3-6 months. Representative image ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); […]

Devarsh Vakil, Deputy Head, Retail Research, HDFC Securities, says Indian markets are discounting a robust earnings growth over the next three years and expect earnings to grow by 40 percent to Rs 747 a share in FY22. Current valuations do not leave much room for expansion of multiples, this means that for markets to sustain […]

Zomoto’s bumper listing will give a boost to Info Edge investors, too, since they are group companies. Eventually, Info Edge’s Rs 4.7-crore investment in Zomato is now worth Rs 15,000 crore, Kapil Goenka, Director, CM Goenka Stock Brokers, said in an interview with Moneycontrol’s Kshitij Anand. Edited excerpts: Q) The euphoria around Zomato’s IPO and listing […]

If Nifty has to reach and surpass the magical figure of 16000, the banking certainly plays a vital role, suggest experts. ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] = 0){ $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); //$ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); $ (‘#gainlosstxt_’+articleId).find(“.arw_red”).removeClass(“arw_red”).addClass(“arw_green”); }else if(resData[stkKey][‘percentchange’] 0) { var resStr=”; var url = ‘//www.moneycontrol.com/mccode/common/saveWatchlist.php’; $ .get( […]

Seshadri Sen, Head of Research, Alchemy Capital Management said that investors should not get carried away by the hype surrounding IPOs and evaluate each stock on their merits and test for reasonableness of valuations before investing, he said. Sen has over 25 years of experience and some of his key assignments in the past included […]

The broader markets are in a positive trend. Globally, in the US markets, various companies will start reporting their Q2 earnings, which will keep the street excited, says Chaturmohta. Ashish Chaturmohta, Head of Derivatives and Technical Analysis, Sanctum Wealth Management ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] = […]

At the closing price on Friday, Zomato is trading at a multiple of 49.6 times the FY21 revenues. This is significantly higher than Doordash’s EV/Revenue valuations of 15 times, says Divam Sharma of Green Portfolio. ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] = 0){ $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); //$ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); […]

FIIs inflows have been muted in the last three months and cumulatively they have sold more than Rs 18,000 crores from Indian equities, says Garg. Gaurav garg ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] = 0){ $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); //$ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); $ (‘#gainlosstxt_’+articleId).find(“.arw_red”).removeClass(“arw_red”).addClass(“arw_green”); }else if(resData[stkKey][‘percentchange’] 0) { var resStr=”; […]

FOMC meeting next week will be highly watched by global market. In-line with ECB, FOMC is expected to maintain the accommodative policy. Vinod Nair July 25, 2021 / 03:41 PM IST Indian market started weak shadowing the global sell-off. World market was varied by high inflation and rising Covid-19 cases. Slackening economic growth in the […]

Zomato looks expensive when we compare it with the global peers on an EV/Sales basis. Globally, online food delivery players trade at an average EV/Sales of 10x while Zomato trades at 44x FY21 EV/Sales, says Poddar Food delivery platform Zomato listed on the stock exchanges on July 23 in a low-key event at its office […]