Primary trend of HSIL is positive as it is trading above its all short and long-term moving averages. Momentum oscillators like RSI and MFI are placed above 60 and rising upwards, indicating strength
Primary trend of HSIL share price is positive as it is trading above its 100 and 200 day EMA. Oscillators like RSI and MFI (money flow index) are showing strength in the current uptrend of the stock.
Here's what Mehul Kothari of Anand Rathi Shares & Stock Brokers, recommends what investors should do with these stocks when the market resumes trading today.
The company's board has recommended a dividend at 200 percent ie Rs 4 per equity share of Rs 2 each for the year ended March 31, 2021.
The four stocks are Easy Trip Planners, Nureca, Rajshree Polypack and Sarda Energy & Minerals. According to an analyst, Abakkus makes investment bets based on in-house analysis and where there is potential for big growth, unlike the typical fund manager who prefers to select largecap stocks and invest for the long term.
HSIL itself acquired 4,60,351 shares of its own at Rs 75.85 per share on the NSE.
Sanitaryware manufacturer HSIL has acquired 5.5 lakh equity shares of its own (representing 0.76 percent of the total paid-up equity) at Rs 72.08 per share on the NSE.
The company said the maximum buyback offer size represents 7.19 percent of the aggregate of the total paid-up equity share capital and free reserves of the company.
HSIL, after receiving necessary approvals from NCLT-Kolkata bench for its proposed restructuring/demerger, started to trade separately today.
Trends on SGX Nifty indicate a flat to negative opening for the broader index in India, a loss of 2.5 points or 0.02 percent. Nifty futures were trading around 11,921-level on the Singaporean Exchange.
Trends on SGX Nifty indicate a negative opening for the broader index in India, a loss of 38 points or 0.32 percent. Nifty futures were trading around 11,839-level on the Singaporean Exchange.
The sectoral outlook for FY19 looks positive as revival in new construction activity (post the implementation of RERA) is expected to spur the demand for building products
The company recently announced demerger of consumer products distribution and marketing businesses into a new entity called Somany Home Innovation (SHIL).
“We believe, that the investor in the age bracket of 35-40 years should allocate at least 70-75 percent of his portfolio into equities/MFs, 20-25% in fixed income and the balance should be in cash,” Sandeep Chordia, Executive Vice-President - Strategy, Kotak Securities told Moneycontrol.