3 Adani group companies among 10 stocks that saw highest FII selling in Q3

Foreign Institutional Investors (FII) share by value in companies listed on NSE went up to 20.18% as on December 2022 from 19.98% as on September 2022, according to data sourced from Prime Database. In value terms, FII holding stood at Rs 55.70 lakh crore, an increase of 4.98% over the last quarter. In the December […]

Motherson Wiring shares can rally up to 22%: Nomura

Nomura says that wiring harness (WH) content in vehicles experienced a significant increase, from approximately 2.5% previously to about 4.5% at present. This rise has driven an impressive 10% revenue compound annual growth rate (CAGR) over the past decade, despite only a 2% CAGR in OE car sales volume

U-turn! Adani stocks spring back on buying at lower levels

Out of the 10 Adani stocks, eight were trading in the green zone, with NDTV and Adani Power locked in their 5% upper circuit limits. Adani Group’s flagship entity Adani Enterprises was up 2.4% at Rs 1,821. Earlier in the day, index provider MSCI said it will postpone implementation of updates to weightings for Adani […]

Elon Musk nears world’s richest title again

It may take a bit longer for Musk to overtake the French luxury-goods titan, though, after disclosing this week he gave 11.6 million Tesla shares to unnamed charitable causes between August and December. The stock was worth about $1.9 billion, based on closing prices on the days Musk donated the securities.

Here’s why Dipan Mehta is bullish on defence sector

I think the Street has learned to live with the losses of these companies. These managements also have got very, very strong feedback from the investors that look you have to get profitable. And eventually we will start valuing you as any other ordinary brick and mortar type of a business based on revenues, profitability, […]