BUSINESS
Weekly Tactical Pick | Lemon Tree Hotels
Lemon Tree has worked on reducing the cost structure in times of COVID-19. A worthy bet to play the recovery theme
BUSINESS
Wipro Q3 net profit comes in at Rs 2,970 crore, revenue at Rs 20,432.3 crore
Net profit totalled Rs 2,970 crore in Q3 compared to Rs 2,931 crore at the end of the September quarter (Q2 2021-22).
MARKETS
63 Moons Technologies share price hits record high, up 220% in six weeks
The stock, which touched a record high of Rs 338 intraday, has hit 5% upper circuit in 15 of the last17 sessions
INDIA
Government support a good start for Voda Idea, but not enough: Deutsche Bank analyst
Many investors fear that there could be an attempt to merge the state-run MTNL and BSNL with Vodafone, says Peter Milliken
BUSINESS
Hinduja Global board to consider share buyback, mergers on January 14
The stock was trading 3.8 percent higher to Rs 2946.35 on BSE
BUSINESS
NSE gets SEBI nod to launch derivatives on Nifty Midcap Select Index
The Nifty MidCap Select Index has given 38.73% return in the last one year and 19.4% annualised returns in the last five years. For the year 2021, the daily average turnover of midcap stocks surged 63% from a year ago to Rs 15220 crore.
BUSINESS
Equitas SFB – why look at it amid the disturbing third wave of COVID-19?
The improving liability profile along with a healthy capital position and the secured diversified asset book gives Equitas SFB an edge albeit the COVID-19 disruption.
BUSINESS
Weekly Tactical Pick – CSB Bank
Investors can expect a bigger scale of operations and improved profitability in the medium term
BUSINESS
Volatility on cards for these stocks after lock-in period ends this month
December was a blockbuster month for public issues with 12 firms raising funds of around Rs 16,800 crore
INDIA
Sugar stocks trade higher as market yields sweet returns from aggressive policies
The government continues to push the aggressive ethanol blending programme as reflected in a 3-5% year on year hike in ethanol prices
BUSINESS
Marico down 3% as revenue grows in low teens, hit by slowing demand amid sticky inflation
Despite near-term softness in rural consumption, Nomura sees Marico as a strong beneficiary of a resilient core
MARKETS
Auto stocks rise on December sales data; Eicher, Tata Motors lead
In early trade, Eicher Motors Ltd gained 4%, Tata Motors added 2.2%, Ashok Leyland rose 1.6% and Hero MotoCorp advanced 1.2%
BUSINESS
Responsive Industries gains 72% in three sessions; possible uptrend seen by brokerage
However, the performance this year is not impressive with the stock being down nearly 4%.
INDIA
IDFC jumps 9% after IDFC First Bank favours 3-way merger
IDFC was trading 9.4% higher while IDFC First Bank gained 0.21%.
BUSINESS
Weekly Tactical: PNC Infratech
PNC Infratech to benefit from infrastructure boost; stock attractive post correction
IPO
Aether Industries files draft papers with SEBI to raise funds through IPO
The IPO comprises a fresh issue of Rs 757 crore and an offer-for-sale of up to 2.57 million shares by its existing promoter Purnima Ashwin Desai
BUSINESS
Recent IPO-listed stocks gain as SEBI tightens rules
The Securities and Exchange Board of India (SEBI), on December 28, cleared the rules for tightening initial public offerings (IPOs) near the end of a year in which companies raised a record Rs.1.2 lakh crore in first-time share sales.
COMPANIES-2
Market regulator tightens rules for IPOs in record year for first-time share sales
Shareholders who hold 20 percent or more of a company’s stock cannot exit more than 50 percent of their stake on listing day. The regulator has also tightened disclosures around the objective of IPO proceeds.
BUSINESS
Defence shipbuilding stocks: Time for higher growth and a likely rerating
BUSINESS
Weekly Tactical Pick | Nazara Technologies
Nazara Technologies eyeing both organic and inorganic growth opportunities; stock set for an upswing
BUSINESS
Weekly Tactical Pick – IIFL Wealth
Business of IIFL Wealth on a sustained growth path; earnings likely to be strong, going forward
BUSINESS
Weekly Tactical Pick: HG Infra Engineering
Robust growth and diversification in new segments key re-rating triggers for HG Infra Engineering
BUSINESS
Weekly Tactical Pick: Axis Bank
Axis Bank trades at a discount to its larger private sector peers. We see the valuation gap narrowing with the return of growth
BUSINESS
Ten stocks to light up your Samvat 2078
Our picks last Diwali delivered stellar returns, which is why we have stuck to time-honoured classical investment norms for picking winners this year
