Centre prepares for Rs 41,000 crore international transhipment port at Great Nicobar Island
The first phase is targeted for completion in 2028 at a handling capacity of 4 million Twenty Foot Equivalent Units (TEUs). A TEU is an approximate unit of measure used for cargo containers. The capacity of the port will increase to 16 Million TEUs in the ultimate stage of development.
Bleeding red! 5 reasons why 9 out of 10 F&O traders lose money
Keeping the loss-making retail trader’s hope alive are self-styled gurus on social media, who are often ridiculed as ‘furus’ or fake gurus. Some such heroes claim to be making lakhs every day and are even willing to offer their secret recipe to newbies in paid coaching classes.
Indian markets achieve complete transition to T+1 settlement cycle
The stock exchanges, NSE and BSE, earlier in a joint statement, announced that they would implement the T+1 settlement cycle in a phased manner, starting February 25, 2022, with the bottom 100 stocks in terms of market value
ACC, Ambuja Cements hit multi-month lows as Adani Group ditched on governance concerns
Shares of Adani Transmission, Adani Green Energy, and Adani Total Gas were locked in the 20% lower circuit. Adani Ports and Special Economic Zone hit a 2-year low, and Adani Enterprises a 5-month low. Describing Hindenburg’s 32,000-word report as maliciously mischievous and unresearched, Adani Group threatened to take punitive action against the firm in both […]
Chart Check: Range breakout on this auto stock is an attractive buy post Q3 results
A long bullish candle on the daily scale has opened room for the stock to now breach Rs 9,000 levels in the next 3-4 weeks, suggest experts. The breakout was accompanied with strong volumes, and on the weekly scale as well, the stock formed a strong bullish candle which is a positive sign. The stock […]
Bajaj Auto shares climb over 7% post Q3 results. What should investors do?
Its revenue from operations rose 3.3% YoY to Rs 9,315.14 crore whereas EBITDA increased by a sharp 29.4% YoY to Rs 1,777 crore and margins expanded by a whopping 386 basis points to 19.07%.
Ramkumar explains why largecaps are a better play in 2023 vs small & midcaps
“We would prefer to be overweight on cement, capital goods, railways, IT, and pharma. We would be cautious on BFSI. The capital goods sector shall be in the limelight as we expect the public capital expenditure to be increased further over the last year’s 7.5 lakh crore. We expect higher allocation towards capital expenditure in […]
Adani stocks may be inexpensive when compared to new-age stocks: InGovern
“Even if you ignore the findings of our investigation and take the financials of Adani Group at face value, its 7 key listed companies have 85% downside purely on a fundamental basis owing to sky-high valuations,” Hindenburg said.
Hot Stocks: Brokerages on Bajaj Auto, Dr Reddy’s Laboratories, Tata Motors and Cipla post Q3 results
EBITDA margin improved by 176 bps YoY to 24.2% despite soft Revlimid sales, mainly driven by an improvement in the mix. The net profit grew by 9.9% YoY to Rs8bn mainly on the back of a strong operational performance, which was partially offset by a higher tax rate on account of DTA reversal.
Big Movers on D-St: What should investors do with Zomato, Bajaj Auto and Biocon?
Stocks that were in focus include names like Zomato which was down more than 8%, Bajaj Auto which was up nearly 1%, and Biocon which was down more than 4% on Wednesday.