D-Street at new high but these 11 Nifty stocks still available at 2022 levels
Indian equities are currently experiencing record trading levels, with the benchmark index Nifty hitting a new all-time closing peak of 18,856 on June 21, 2023. Nifty has witnessed a rise of approximately 4% in the year 2023 so far, and among the Nifty50 pack, 39 stocks have shown positive returns but there are still 11 […]
Rupee may strengthen to sub-80/USD in 2024: BofA India treasurer
The Indian rupee could surpass the INR80-per-dollar level by 2024 thanks to foreign inflows, said Jayesh Mehta, managing director at Bank of America Merrill Lynch. “In my view, inflows through Global Capability Centres (GCCs) will drive the rupee higher,” he said. “Even though merchandise exports will slow … foreign inflows through GCCs, remittances and lower […]
Wipro share buyback open: 10 things to know before you apply
Indian IT company Wipro has launched its biggest share buyback programme worth INR120bn ($1.7bn). The buyback option is being offered at a premium of 15.4% to Wednesday’s closing price, and small retail investors with holdings under INR200,000 will be offered 15% of the total buyback sum. The deadline for applications is 29 June, and shareholders […]
Kotak initiates coverage on Mankind Pharma, sees 11% upside. 3 reasons why
Kotak Institutional Equities has initiated coverage on Mankind Pharma and given it an ‘Add’ rating with a target price of Rs 1,875. The brokerage expects Mankind to show significant growth in branded Rx, consumer healthcare and international segments over FY 2023-26E, leading to 15%, 22% and 26% sales, adjusted EBITDA and adjusted PAT CAGRs respectively. […]
SGB vs gold ETF vs physical gold: Know the pros & cons
Investors can purchase gold through various ways including Sovereign Gold Bond Schemes (SGB), Gold exchange-traded funds (ETFs), MCX Gold, and physical gold. SGBs carry a sovereign guarantee and offer a 2.5% interest, while Gold ETFs track the physical gold price, combine stock investment flexibility with simplicity of gold investments and are traded like a stock […]
Small but mighty! Multibagger magic in 18 smallcaps since last Sensex peak
Amidst a sideways journey of Sensex, Nifty Smallcap Index is up almost 20% in the last 3 months and at least 18 smallcap stocks have made investors richer by delivering multibagger returns. If the BSE Smallcap index closes this week on a positive note, then this will be the longest gaining streak in its history. […]
Brokerages initiate coverage on 7 stocks with up to 48% upside
So far in FY24, Nifty surged nearly 9% amid continued FII buying and declining crude oil prices. Meanwhile, a host of brokerage firms have initiated ‘buy’ coverage on several stocks. They see a strong potential for value unlocking in these companies, with a targeted upside of up to 48%. Here is a list of 7 […]
Delhivery shares jump 7% on likely stake sale by Carlyle
The deal is expected to fetch the PE firm as much as Rs 709.5 crore, or $86 million, deal terms, ET reported. With this block deal, Carlyle will exit its entire remaining shareholding in Delhivery.
Hot Stocks: Brokerages on Shriram Finance, Paradeep Phosphates, L&T and Lupin
Jefferies upgraded Shriram Finance to “buy” and retained a “buy” rating on L&T while Antique initiated a “buy” on Paradeep Phosphates. Kotak Institutional Equities maintained a reduced rating on Lupin. Jefferies believes L&T is positioned for order flow traction, while Paradeep Phosphates is firing on all cylinders, poised to reap great benefits from recent capacity […]
We continue to remain overweight on financial stocks: Sanjay Mookim
We have done correlation analysis of rainfall with sector sales and the only sector where rainfall tends to affect sales volumes is two wheelers. It does not tend to matter too much for cement, four wheelers, tractors and so on. But for two wheelers, we have historically seen an impact of lower rainfall on sector […]