Stocks to Watch, 27 Jan: Stocks like Axis Bank, Kotak Mahindra Bank, UltraTech Cement, Shyam Metalics and Energy, JSW Energy, Bharat Petroleum Corporation, Nuvama Wealth Management, Gandhar Oil Refinery India, Granules India, Urban Company, and IndusInd Bank will be in focus on January 27.
The market trend remains upward, but it requires a strong and sustainable close above last week's high for further upward movement. Below are some short-term trading ideas to consider.
The zone of 25,050–25,100 will act as a crucial resistance area for the Nifty 50, as it coincides with the 61.8 percent Fibonacci retracement of the recent decline, said Sudeep Shah of SBI Securities.
Stocks to Watch, 03 October: Stocks like V-Mart Retail, Maruti Suzuki India, Hero MotoCorp, TVS Motor Company, Sammaan Capital, TBO Tek, Tata Power Company, Nuvama Wealth Management, KRBL, John Cockerill India, Hyundai Motor India, and RBL Bank will be in focus on October 03.
The Nifty 50 index is comfortably trading above its key short-term and long-term moving averages, both of which are beginning to trend upward — a positive sign for the bulls.
'The survey is yet to be concluded. The Company will make requisite disclosures, if any, to the stock exchanges,' says Nuvama Wealth
Bernstein rated Nuvama Wealth and 360 One Wealth as 'outperform', while it gave Anand Rathi a 'market-performance' rating.
According to reports, three PE buyout groups are in discussions with private equity company PAG to acquire the latter’s controlling stake in Nuvama Wealth Management,
Stocks to watch, 29 May: Stocks like Bharat Rasayan, HeidelbergCement India, Birlasoft,Som Distilleries and Breweries, Natco Pharma, Deepak Nitrite, RITES, Aurobindo Pharma, IndusInd Bank, Steel Authority of India, Avanti Feeds, Insecticides India, Balaji Amines, Cummins India, ITC, ADF Foods, Mishra Dhatu Nigam, and Unified Data Tech Solutions will be in focus on May 29.
Angel One shares closed at Rs 2,328.50, down 0.23 percent, while Nuvama Wealth Management stock rose 1.25 percent to Rs 5,944.
PAG entered Nuvama Wealth Management in 2021, and the latter was listed on the bourses in 2023, following a restructuring process. The firm's share price has doubled since its market debut
Blackstone-backed PAG may divest its majority stake in Nuvama Wealth Management, according to people familiar with the matter.
Stocks To Watch, Feb 1: Stocks like Bandhan Bank, LIC Housing Finance, IRB Infrastructure Developers, Nuvama Wealth Management, Mahindra Lifespace Developers, Aster DM Healthcare, Sheela Foam, Triveni Turbine, Relaxo Footwears, Karnataka Bank, Godrej Agrovet, Hero MotoCorp, Aurobindo Pharma, and UPL will be in focus on February 1, Budget day.
Edelweiss group entities--Edel Finance Company and Ecap Equities currently held a combined stake of 7.32 percent in Nuvama Wealth Management. In September, they had offloaded another 6.2 percent stake in a previous block trade.
The market is expected to remain rangebound, though the overall trend continues to be positive. Below are some trading ideas for the near term.
The observation is regarding the IPOs where Nuvama Wealth Management acted as the lead manager.
Nuvama Wealth Management, IRB Infrastructure Developers, Indian Railway Finance Corporation, Namo eWaste Management, Timken India, Schneider Electric Infrastructure, and Bharti Airtel will be in focus on October 9.