Selling in some small & mid-cap stocks started in the beginning of 2018 also —thanks to high valuations, but the pressure increased further post August
The reaction to the US-China trade war on equity markets was nothing short of a bloodbath. Asian markets plunged while back home Sensex and Nifty recorded a cut of over 1 percent. The rout witnessed by the Indian market on Friday has eroded Rs 1.57 crore of investor wealth.
The Nifty PSU banking index jumped 3.66 percent led by Bank of India which zoomed over 9 percent intraday on the back of recovery of Rs 7,000 crore from other banks. Punjab National Bank was up 4.3 percent while Andhra Bank zoomed over 5 percent.
The talks, along with a part of the firm's debt, are being managed by the 20 percent stake owner equity fund KKR.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy JBF Industries; sell Gujarat State Fertilizers & Chemicals and Just Dial.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Ashok Leyland, GMDC and JBF Industries and can sell Ambuja Cements and Engineers India.
Increase in pledged holding is certainly risky because these shares are often given in the form of a security.
Ashwani Gujral of ashwanigujral.com recommends buying Uflex, JBF Industries and Natco Pharma.
Ashwani Gujral of ashwanigujral.com recommends buying Capital First, Repco Home Finance and JBF Industries and advises selling Bharat Financial Inclusion and Sonata Software.
Mitessh Thakkar of miteshthacker.com is of the view that one can buy Eicher Motors, Indiabulls Real Estate, Vedanta and JBF Industries and sell Tata Communications.
Mitessh Thakkar of miteshthacker.com recommends buying BEML, McLeod Russel, Tata Elxsi, Shoppers Stop and JBF Industries.
Ashwani Gujral of ashwanigujral.com recommends buying BGR Energy, Granules India and JBF Industries.
On December 21, 2016 New Horizon Opportunities Master Fund bought 32,25,000 shares of JBF Industries at Rs 209.75.