Are midcaps a good buy in this market? Neeraj Dewan of Quantum Securities answers
“Valuation wise what Maruti has been trading on last 10-15 years average it is already trading above that, so that valuation comfort, which was there earlier in automotive stocks especially Maruti is not there, so I would actually prefer Mahindra & Mahindra in this slot where valuation wise it is much more attractive than where […]
Rising domestic and external headwinds to more than halve H2 growth to 4-4.5 per cent: India Ratings
As per the report, high inflation and weak demand (both domestic as well as external) are expected to pull down the economic growth to 4-4.5 per cent in H2FY23 from 9.7 per cent in the first half of the fiscal.
Tech View: Nifty charts hint at upside bounce in the offing. What traders should do on Wednesday
Chart readers say 18700 would be the key level to watch out for as an upside above the same could lead to a fresh uptrend rally till 18800-18850. Resistance is seen at 18600-18500 zone.
Rupee weakens 1% against the dollar to end at one-month low
The dollar index, which measures the strength of the greenback against a basket of six major currencies, hung on to most of the previous session’s gains to be the last at 105.30
Eye on MPC meet: Sensex settles 208 pts lower; Nifty below 18,650
Rate-sensitive stocks were in focus as the RBI is expected to hike repo rate by 35 basis points on Wednesday
Sugar stocks jump up to 10% on reports of 7% drop in sugar output
Low cane yield in major states like Maharashtra and Karnataka is one of the major reasons for the drop in sugar output. Reuters has reported that on an average, farmers reported a 15-35% drop in cane yield.
Stocks of these 5 MNCs surge up to 50% YTD; do you own any?
Nifty MNC Index comprises of 30 listed companies in which the foreign promoter shareholding is over 50% (latest holding as of September 2022). These companies usually have low debt exposures. ET Markets analysed the stocks that have gained over 25% in 2022 so far.
Underperformer of 2022, Titan could rally over 20% in 2023; time to buy?
“With customers gradually shifting to organised players and given continued struggles faced by its unorganised and organised peers, Titan has a strong runway for growth,” Sneha Poddar, Associate Vice President at Motilal Oswal Financial Services Limited, said.
Sula Vineyards IPO likely to hit Dalal Street on December 12
The company has slashed its issue size and is likely to raise about Rs 950-1,000 crore through its initial stake sale. However, the company earlier was eyeing to raise about Rs 1,200-1,400 crore via its IPO.
Concord Biotech, Vaibhav Gems get Sebi’s approval to float IPOs
The company is backed by Quadria Capital Fund and Rare Enterprises, which was set up by billionaire investor Rakesh Jhunjhunwala, along with his wife Rekha. The veteran stock market investor passed away in August this year.