Contra Bets? Desi investors raised bets on Adani stocks, while videshis dumped in Q1
Mutual funds increased their stakes in seven out of 10 listed Adani Group companies in the quarter ended June, and retail investors in five, while FPIs reduced their ownership in six companies.
Tata Motors to cancel ‘A’ ordinary shares for capital reduction, seek NCLT approval
Tata Motors will create a Trust, which will receive the new ordinary shares from the company on behalf and for the benefit of each of the relevant shareholders. The issuance of shares instead of cash will help in preserving the liquidity for the company’s future growth. Besides, it will allow the holders of the ‘A’ […]
Asian Paints shares see biggest fall in 10 months; what’s upsetting the bulls?
Asian Paints’ shares fell over 4% after the release of the June quarter earnings, which saw a consolidated net profit of INR1,550.37 crore ($208.71m), up 52.5% YoY. Consolidated revenue from operations increased almost 7% YoY to INR9,182.31 crore. The slump in the stock was mainly due to profit-booking as the data showed strong performance and […]
TVS Supply Chain Solutions gets Sebi nod to float IPO
TVS Supply Chain Solutions, part of the TVS Mobility Group, has secured approval from the Indian capital markets regulator, the Securities and Exchange Board (Sebi), to launch an initial public offering (IPO) to raise capital. The IPO consists of a fresh equity issue, aiming to raise up to INR7.5bn ($103m) and an offer for sale […]
Should you buy, sell or hold DLF shares post Q1 results?
On Friday, DLF reported a net profit of Rs 527 crore for Q1FY24 which was up from Rs 470 crore in the same period last year. Revenue from operations during the quarter, however, fell by a marginal 1% to Rs 1,423 crore in the June quarter. The same stood at Rs 1,441 crore a year […]
Tata Steel shares rise 3% after Q1 results. What should investors do?
Revenues from the India business rose by a marginal 3% to Rs 34,901 crore for the quarter under review. India’s EBITDA was at Rs 7,514 crore, a decline of 22%. This translates into EBITDA per ton of Rs 15,651 and a margin of 22%.
Chart Check: SPARC up 40% from March 2023 lows; likely to hit fresh 52-week high
The stock rose from Rs 160.50 recorded on 21st March 2023 to Rs 229 as on 21st July 2023 which translates into an upside of 43%.
Rs 9,000 crore-selloff! Infosys, Tech Mahindra on top of FII hate list in Q1
The June quarter shareholding pattern data shows that FIIs pared their stake in Infosys by another 165 bps to 33.44%. In the case of Tech Mahindra, which will report its Q1 results on Wednesday, FII holding went down by 118 bps to 25.69%.
Want to pick stocks like Warren Buffett? 8 counters that match his style
Stocks to buy today: Hero MotoCorp, ONGC among top 8 trading ideas
On the monthly front, the maximum Call OI is placed at 19800 and then towards 19900 strikes while the maximum Put OI is placed at 19700 and then towards 19500 strikes. Call writing is seen at 19700 then 19800 strike while Put writing is seen at 19400 then 19500 strike.