Hot Stocks: Brokerages see 20-30% upside in Hero MotoCorp, CG Consumer and Grasim
Global brokerage firms have shared optimistic outlooks on key stocks. Nomura remains bullish on Hero MotoCorp, citing rural growth, while Citi maintains a positive view on Grasim Industries despite a weak Q2. CLSA continues to favor Crompton Greaves Consumer Electricals for its sustained growth and margin improvement, with all three stocks showing significant upside potential.
Reliance Power shares slide 5% after SECI issues showcause notices over fake bank guarantees
Solar Energy Corporation of India (SECI) issued a show-cause notice to Reliance Power and its subsidiary, Reliance NU BESS, for allegedly submitting fake bank guarantees. SECI discovered that the bank guarantee submitted by Reliance NU BESS was fake and has barred the companies from participating in its tenders for three years.
Last day to buy MRF shares for dividend eligibility as stock trades ex-dividend tomorrow
MRF announced an interim dividend of Rs 3 per share for its shareholders. The record date for the dividend was November 19, and the payment will be completed by November 29. The company’s stock closed flat at Rs 1,20,662.55 on the BSE on Thursday.
Grasim shares in focus after Q2 PAT declines 66% YoY
Grasim Industries witnessed a 66% decline in Q2 consolidated net profit, reaching Rs 389 crore, despite an 11% surge in revenue, reaching Rs 33,563 crore. This downturn is attributed to reduced profit margins in the cement sector and initial investments in the ‘Birla Opus’ paint business.
Negative Breakout: 4 stocks cross below their 200 DMAs
In the Nifty 500 pack, four stocks’ close prices crossed below their 200 DMA (Daily Moving Averages) on November 14, according to stockedge.com’s technical scan data. Trading below the 200 DMA is considered a negative signal because it indicates that the stock’s price is below its long-term trend line. The 200 DMA is used as […]
Asian stocks weaken as Fed policy doubts simmer
Japanese and Australian shares fell. South Korea’s benchmark bucked the trend, led by Samsung Electronics Co.’s rally after it announced a stock buyback plan. US futures gained, after the S&P 500 slid 1.3% on Friday to erase more than half of its gains following the US election.
FPIs reduce pace of selling in Indian equities in two weeks of November
Foreign Portfolio Investors (FPIs) continued selling off Indian equities in the second week of November, although at a slower pace than the previous week and month. Despite this trend, FPIs increased their investments in the Indian primary market. Meanwhile, domestic funds continued pouring money into the equity market.
FSIB to interview CEO candidates for four PSU banks
In a rare instance, the Reserve Bank of India (RBI) made certain adverse observations against Pandey, and it wanted the Department of Financial Services (DFS) to “factor” them in while considering his appointment as CEO, ET reported July 13. The RBI’s observations had to do with Pandey’s “conduct” and were not related to any vigilance […]
Piramal-Bain ARC venture calls it quits
Piramal Enterprises Ltd and Bain Capital Credit have relinquished their license for India Resurgence Asset Reconstruction Company to the Reserve Bank of India. Regulatory obstacles and a shrinking pool of distressed assets have made the ARC business less appealing, leading to increased exits from the market.
Nifty at key support, trend remains weak: Analysts
Nifty may signal a trend reversal above 24,140, but stronger price confirmation is needed for aggressive bullish positions.