Hero MotoCorp’s market cap reaches Rs 1 lakh crore
Hero MotoCorp’s market cap stood at Rs 100,803.27 crore at the close on the BSE on Tuesday, just behind TVS Motor Company, which had a market cap of Rs 101,390.72 crore. Investors have been upbeat on the stock on the back of the company’s focus on premium and electric vehicle segments.
These 7 MFs received more than Rs 20,000 crore inflow in April
SBI, Godrej Consumer top buys post Q4 results; could give 13-17% upside in 1 year
SBI and Godrej Consumer are top buys post Q4 results, led by BFSI and Auto sectors. Nifty stocks show growth, while Tier-1 IT companies face challenges. Business and credit growth outlook positive for SBI.
Tech View: Nifty near hurdle zone at 22,300. What traders should do on Wednesday
Nifty rose 114 points and formed a bullish candle on the daily chart on Tuesday. The index may now find support at 21,950-22,000 and 21,700-800 levels. But, a failure to maintain levels above 22,200 might trigger selling pressure in the market.
PSU banks’ profit jumps over 4 times in 3 years to Rs 1.4 lakh crore in FY24
PSU banks’ net profit skyrockets to Rs 1.4 lakh crore in FY24, driven by key factors like asset quality improvements, robust margins, and strong loan book growth. SBI emerges as a major contributor, showcasing a remarkable earnings turnaround.
Varun Beverages shares surge over 5% post Q1 results. Should you buy, sell or hold?
Varun Beverages’ (VBL) shares surged 5.5% on BSE, hitting Rs 1,558.45, following a 25% YoY increase in March quarter PAT to Rs 548 crore. Q1 revenue reached Rs 4,398 crore.
Investing in thematic funds? Key factors you should keep in mind
Rustagi advises cautious investment in thematic funds, considering government focus areas like defence, infrastructure, and pharma post-election. He highlights the need for strategic timing, growth assessment, and exposure analysis to optimize sectoral investments.
Nifty Options Radar: Deploy Long Straddle amid election volatility
Nifty is below its 20 & 50 DEMA, 22,334 and 22,224 respectively and it will act as resistance in its upward bounce while on the downside the 100 EMA is at 21,821. This also points to a broader range of 500 points from the current price of 22055, as we prepare for a directional move.
Hot Stocks: Brokerages view on AB Capital, Zomato, UPL and Varun Beverages
BofA Securities upheld a buy rating for Varun Beverages, while Jefferies suggested buying Zomato. AB Capital received an Equal Weight rating from Morgan Stanley, and Motilal Oswal advised a neutral stance on UPL.
F&O stocks to buy today: L&T, BHEL among top 6 trading ideas
On the weekly options front, the maximum Call OI is placed at 22300 and then towards 22500 strikes while the maximum Put OI is placed at 22000 and then towards 21800 strikes.