Underperformers: Nifty at record high but these 9 stocks are lagging
Nifty’s journey from 22,000 to 23,000 took only seven months. During this up move, Bajaj Auto, Coal India, BPCL, Hero MotoCorp, Mahindra, and Mahindra, among others advanced between 65 and 85%. However, not all stocks gained. HDFC Life Insurance, LTIMindTree, and Asian Paints led the loser’s list during the seven-month period: (Source: Prabhudas Lilladher)
Timken India’s foreign promoters eye 6.6% stake sale via block deals
BofA Securities India’ term sheet revealed that the floor price has been fixed at Rs 3,550 apiece — a 10.2% discount to Monday’s closing price of Rs 3,956. The sale at the floor price could fetch the parent company around Rs 1,775 crore or $213 million.
Tech View: Nifty stiff resistance around 23,000-100. What traders should do on Tuesday
An analysis of Nifty put options reveals a concentration of Open Interest (OI) at the 22,700 level, implying potential support at this level. On the call side, significant OI concentrations are observed at the 23,200 and 23,500 levels.
Ashok Leyland shares surge 6% after posting 20% YoY increase in Q4 profit. Should you invest?
Ashok Leyland shares surged nearly 6% on BSE to a record high after reporting a 20% YoY increase in its Q4 net profit.
In a ‘no-option’ election, despite absence of a Modi wave, he remains the central factor: Neerja Chowdhury
Neerja Chowdhury says: “While the voices of dissatisfaction against BJP government have increased, whether it is with unemployment, rising prices, Agniveers programme, exam leaks, a whole host of issues. But it did not look like an anger election, what is called dissatisfaction versus anger and that makes a lot of difference.”
We continue to expect CAGR of 20% and 20% ROE this year: VP Nandakumar, Manappuram Finance
Manappuram Finance MD, VP Nandakumar, remains unaffected by RBI regulations, with strong profitability and 19% AUM growth. NIMs fell to 15%. Nandkumar says: “We have a level playing field even when we introduced that. So, it has not affected the business negatively. We are right on track as far as our guidance is concerned.”
Cochin Shipyard shares surge 10%, hit record high post Q4 results
In Monday’s trading session on the BSE, shares of state-run Cochin Shipyard soared 10% to reach a new all-time high of Rs 2100. This surge followed the company’s announcement of a substantial increase in its consolidated net profit to Rs 258.88 crore for the March 2024 quarter, driven by higher income. In comparison, the company […]
Capex to remain in Rs 6,000-7,000 crore range in coming years: Satish Pai, Hindalco
I have to caution that it is very hot. Power demand is going up. We are going into the monsoon period. So, we will have to wait and watch and see how the coal prices respond. Right now, there is sufficient availability of coal and as you said, the prices are also under control.
Divi’s Laboratories shares rally 5% post Q4 results. Should you buy, sell or hold?
Divi’s Laboratories saw a 5% surge in its shares on the BSE during Monday’s trading session, reaching a new 52-week high of Rs 4,335. This rise came as brokerages such as Motilal Oswal and InCred expressed bullish sentiment towards the stock, following the company’s impressive performance in Q4, where it reported a 68% year-on-year increase […]
Suzlon Energy shares under pressure post Q4 results; brokerages raise target price to Rs 54
Suzlon Energy shares dipped 2% to Rs 45 after a 21% decline in Q4 net profit to Rs 254 crore. The consolidated net profit for 2023-24 fell to Rs 660 crore while total income rose to Rs 2,207.43 crore. Analysts from ICICI Securities and JM Financial are bullish on the stock.