Foreign investors raised stake in as many as 387 companies including HDFC, Bharat Financial, Indiabulls Housing, IndusInd Bank, Shriram Transport, Bharti Infratel, Zee Entertainment and Hero Moto
The market breadth was in favour of the advances on Monday afternoon with 1065 stocks advancing as against 665 declines while 291 remained unchanged. On the other hand, 1801 stocks advanced and 1121 stocks declined while 116 remained unchanged on the BSE.
The market breadth was in favour of the advances on Monday morning with 1161 stocks advancing as against 467 declines while 386 remained unchanged. On the other hand, 1633 stocks advanced and 676 stocks declined while 88 remained unchanged on the BSE.
The share exchange ratio for the merger will be 639 equity shares of the bank for every 1,000 equity shares of Bharat Financial.
Siyaram Silk, HEG Limited, Jindal Worldwide, Goa Carbon and VIP Industries were the stocks that hit 52-week high in the Nifty while within the BSE Index, stocks like Gillette India, Kotak Mahindra Bank, Bharat Financial, Bata India, Tata Steel, TVS Motor and TVS Electronics hit 52-week high in today's trade.
The swap ratio being considered is one share of IndusInd Bank for 1.75 shares of Bharat Financial while RBL had proposed a 2:1 ratio.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Bharat Financial, Ashok Leyland and Ambuja Cements and advises holding Vedanta.
The agreement provides for a mutually agreed exclusivity period for due diligence and discussions to evaluate a potential strategic combination between the two companies.
Ashwani Gujral of ashwanigujral.com recommends buying DHFL, Vedanta, MOIL, CESC and Bharat Financial Inclusion.
From gann perspective, whenever a confluence of support is defended, the pullback tends to be excessive. A rally of 2 percent in this truncated week’s trade clearly outlines the structural strength of the index.
Ashwani Gujral of ashwanigujral.com advises buying Reliance Industries, HDIL and GSFC.
Ashwani Gujral of ashwanigujral.com recommends buying Reliance Industries and GAIL India and feels that Bharat Financial should move higher.
CA Rudramurthy of Vachana Investments recommends buying Reliance Industries, Bharat Financial and Ujjivan Financial Services.
Market undertone is likely to remain bullish with the support of consistent FII buying and short covering.
Ashwani Gujral of ashwanigujral.com recommends buying Divis Laboratories, Oriental Bank of Commerce, Supreme Infrastructure, Bharat Financial and Indiabulls Real Estate.
Petronet LNG, Bharat Financial, and Siemens, among others could be on the investors’ radar.
Morgan Stanley feels Vedanta's favorable commodity exposure and robust volume growth bode well for earnings and cash flows.
Ashwani Gujral of ashwanigujral.com is of the view that one may sell Indian Oil Corporation, Ceat and Vedanta.
According to Sudarshan Sukhani of s2analytics.com, one may avoid Delta Corp.
Credit Suisse feels that the firm remains the most cost-efficient MFI, and there could be further opex gains from the technology adoption, a clear upside risk to its earnings estimate.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Bharat Financial and Jain Irrigation and buy L&T Finance Holdings, Can Fin Homes and PVR.
Mitessh Thakkar of mitesshthakkar.com suggests buying Bharat Financial, Engineers India, ICICI Bank and Tech Mahindra while he has a conditional sell on IGL.
Ashwani Gujral of ashwanigujral.com recommends buying Axis Bank, Bharat Financial, Delta Corp and PSU banks.
CA Rudramurthy BV, Research Head at Vachana Investments suggests buying Bharat Financial while he feels that DLF may test Rs 300 in 3-6 months.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Aditya Birla Nuvo, BEML and Cholamandalam Investment while one can avoid Bharat Financial.