Author: India

Stocks that were in focus include MindTree, which closed with gains of over 8 percent, Happiest Minds (rose nearly 10 percent), and JBM Auto (closed with gains of 9 percent) on Wednesday ‘); $ (‘#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 […]

Gopal Kavalireddi, Head of Research at FYERS says that it is a watershed moment for the Indian startup ecosystem with Zomato, Paytm, Policy Bazaar, Nykaa, Mobikwik, Delhivery and many other internet startups looking to list on the Indian stock exchanges. Kavalireddi is a market veteran with over 15 years of diversified work experience in the […]

The Nifty closed in the green for the third straight day despite muted Asian markets as a smart rally in IT and capital goods stocks supported the index even as the Zomato IPO hogged the limelight on July 14. The initial public offering of Zomato, one of the leading food-delivery platforms in India, was fully […]

The stock hit a 52-week high of Rs 167.75 on 9 June 2021 and since then, has been consolidating in a narrow range. But, the recent price action suggests that the stock could challenge its 52-week highs in the next 2-3 months. ‘); $ (‘#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 […]

Neeraj Chadawar, Head, Quantitative Equity Research, Axis Securities, expects a 31 percent earnings growth in FY22. Normal monsoon and a Covid-free festival season would be the biggest trigger and a blow to these would hit earning growth, he says. In an interview to Moneycontrol’s Sunil Shankar Matkar, Chadawar says after Q4FY21 results as well as […]

Food-delivery startup Zomato launches its Rs 9,375-crore initial public offering on July 14, as a growing number of internet companies look to tap the primary market. Amid a debate over the IPO’s pricing and the company’s prospects, Abhishek Jain, Head of Research, Arihant Capital, says on the traditional parameters, valuations are definitely on the higher side but weighed against global […]

Stocks that were in focus include CDSL, which rallied by over 15 percent to hit a fresh 52-week high, Atul Auto (rose by over 17 percent), and Aditya Birla Money (closed with gains of about 18 percent). ‘); $ (‘#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”); […]

The Nifty reclaimed 15,800 levels as the bulls remained in control of D-Street throughout on July 13, tracking a positive trend in other Asian markets. The S&P BSE Sensex rose 397 points to close at 52,769, while the Nifty closed with gains of 119 points to 15,812. “Following favourable economic outcome and positive Asian markets, […]

Breakout has been accompanied by a strong increase in volumes. Also, momentum Oscillator RSI has closed above 70 level which indicates reassures the bullish trend. ‘); $ (‘#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 […]

Markets ended flat after a volatile session on July 12 even as broader markets continued to outperform the benchmark indices ‘); $ (‘#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”, […]

The benchmark indices hit a record high in June and since then both the Nifty 50 and the Sensex have been consolidating in a narrow range. The Nifty 50 is just a little over 1 percent away from hitting a fresh high above 15,915 and investors who are risk-averse can look at taking out some […]

Aashish Somaiyaa of White Oak Capital says that the midcap segment is ripe with opportunities to generate alpha amid greater inefficiencies that exist in this area. Somaiyaa is a market veteran of over 20 years. Since 2020, he has been serving as the CEO at White Oak Capital which currently manages over $ 2.2 billion in AUM. Edited […]

Food-delivery startup Zomato is a day away from launching its Rs 9,375-crore initial public offering, which has generated a great deal of interest and debate over its valuation. Given the kind of business model, predicting the growth trajectory is a little tricky, says Hemang Jani, Head Equity Strategist, Broking & Distribution, Motilal Oswal Financial Services. In […]

Indian markets closed mixed after a volatile trading session on July 13 as the Nifty failed to hold on to 15,700 while the Sensex closed 13 points lower at 52,372. The Nifty50 closed three points higher at 15,692. Sectorally, buying interest was seen in Realty, consumer discretionary, banks, and consumer durable stocks, while profit-booking was seen […]

Experts noted that the formation of the bullish Flag pattern in the charts of Eris Lifesciences offers a fresh opportunity to enter the stock on dips. Eris Lifesciences Ltd. ‘); $ (‘#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) { […]

Zomato IPO: Key questions answered If the food tastes good, then you don’t mind paying extra, right? Well, something similar could be said about the much-awaited and talked-about initial public offering of Zomato, which is open for subscription from July 14 to July 16. The Rs 9,375 crore share sale comprises a fresh issue of […]

Prasanna Pathak, Head of Equity, Taurus Mutual Fund says the market may continue to grind sideways or upwards for longer even though the general consensus among market participants expects it to correct at least 10-15% from current levels. Pathak is a market veteran of over 17 years. In an interview with Moneycontrol’s Kshitij Anand, he said IT, pharma and chemical stocks are […]

If we look at the key oscillators, and trend strength indicators, they are yet to quote above the overbought thresholds which make the dips lucrative for buying, says Uttekar. Sacchitanand Uttekar, DVP – Technical (Equity), Tradebulls Securities ‘); $ (‘#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”); […]

For the index to move higher now, a close above 16,000 is required, say experts. Though multiple attempts to breach the 16,000-mark have failed, what bodes well for the market is that there has not been any brutal correction so far, they say. ‘); $ (‘#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”); […]

At 7 billion, Zomato IPO values the company at 30 percent premium to its last round of funding. Hence, it may not deliver bumper listing gains, says Pranav Kshatriya, VP, Institutional Equities, Edelweiss Securities, said in an interview with Moneycontrol’s Kshitij Anand. Edited excerpts: Q) The much-talked-about food delivery IPO will hit the Street next week. The Rs […]