Posts
While there is no doubt that this was a great opportunity for investors, and it has delivered some surprising returns, we would recommend that investors should book profits and exit their positions. This is because after listing the stock is already trading at a significant premium to its issue price. Additionally, there are some business-related risks associated with the company, so it is better to lock in these gains now rather than take the risk of carrying them forward however, aggressive investors can still hold it with stop loss at 1170.
While there is no doubt that this was a great opportunity for investors, and it has delivered some surprising returns, we would recommend that investors should book profits and exit their positions. This is because after listing the stock is already trading at a significant premium to its issue price. Additionally, there are some business-related risks associated with the company, so it is better to lock in these gains now rather than take the risk of carrying them forward however, aggressive investors can still hold it with stop loss at 1170.
Posted by
Able
on
- Get link
- Other Apps
The rupee traded weak, reaching lows of 82.24 and highs of 82.04 after a flat opening. The price gradually declined as market participants placed bullish bets on the dollar, anticipating a hawkish view from the Federal Reserve's meeting minutes scheduled to be released later in the evening. This expectation of a hawkish view on the dollar led to a decline in the rupee, with a decrease of 0.22 rupees. The strength of the dollar index and the recent rise in crude prices also contributed to the rupee's weakness. Looking ahead, the rupee's outlook remains range-bound between 81.75 and 82.45.
The rupee traded weak, reaching lows of 82.24 and highs of 82.04 after a flat opening. The price gradually declined as market participants placed bullish bets on the dollar, anticipating a hawkish view from the Federal Reserve's meeting minutes scheduled to be released later in the evening. This expectation of a hawkish view on the dollar led to a decline in the rupee, with a decrease of 0.22 rupees. The strength of the dollar index and the recent rise in crude prices also contributed to the rupee's weakness. Looking ahead, the rupee's outlook remains range-bound between 81.75 and 82.45.
Posted by
Able
on
- Get link
- Other Apps
Global worries along with moderation in Service PMI data briefly impacted the domestic market’s rally. Heightened trade tensions between the US and China, coupled with uncertainties surrounding the upcoming release of FOMC minutes, tested the risk appetite of global investors. However, the market's last-minute broad based recovery serves as a reaffirmation of investors' confidence in the Indian economy.
Global worries along with moderation in Service PMI data briefly impacted the domestic market’s rally. Heightened trade tensions between the US and China, coupled with uncertainties surrounding the upcoming release of FOMC minutes, tested the risk appetite of global investors. However, the market's last-minute broad based recovery serves as a reaffirmation of investors' confidence in the Indian economy.
Posted by
Able
on
- Get link
- Other Apps
Larsen and Toubro says L&T Construction wins significant order for its buildings & factories business. Order worth Rs 1000 crore to Rs 2500 crore.
Larsen and Toubro says L&T Construction wins significant order for its buildings & factories business. Order worth Rs 1000 crore to Rs 2500 crore.
Posted by
Able
on
- Get link
- Other Apps
Godrej Consumer Products on Wednesday estimated that its sales increased in the double-digit percentage range in the June quarter, led by strong demand for its home care products and inflation-triggered price increases.
Godrej Consumer Products on Wednesday estimated that its sales increased in the double-digit percentage range in the June quarter, led by strong demand for its home care products and inflation-triggered price increases.
Posted by
Able
on
- Get link
- Other Apps
Aster DM Healthcare on Wednesday confirmed that it was in discussions with Fajr Capital, as well as other parties, as part of exploring a potential carve-out of its Gulf business. Reuters reported on Tuesday that private equity firm Fajr is in exclusive talks to buy a majority stake in Aster's Gulf business, citing two sources with direct knowledge of the matter.
Aster DM Healthcare on Wednesday confirmed that it was in discussions with Fajr Capital, as well as other parties, as part of exploring a potential carve-out of its Gulf business. Reuters reported on Tuesday that private equity firm Fajr is in exclusive talks to buy a majority stake in Aster's Gulf business, citing two sources with direct knowledge of the matter.
Posted by
Able
on
- Get link
- Other Apps
Shares of Genus Power Infrastructures hit the 20% upper circuit at Rs 168.9 in Wednesday's trade on BSE after the company signed an agreement for setting up a platform to fund smart metering projects with an affiliate of Singapore sovereign wealth fund GIC at an initial commitment of $2 billion.
Shares of Genus Power Infrastructures hit the 20% upper circuit at Rs 168.9 in Wednesday's trade on BSE after the company signed an agreement for setting up a platform to fund smart metering projects with an affiliate of Singapore sovereign wealth fund GIC at an initial commitment of $2 billion.
Posted by
Able
on
- Get link
- Other Apps
Shares of Auto parts maker Samvardhana Motherson International (SAMIL) jumped 8.4% to Rs 92.3 in Wednesday's trade on BSE after the firm announced that it will acquire a majority stake of 81% in Japan-based auto-part maker Yachiyo Industry's four-wheeler (4W) business - a subsidiary of Honda Motor.
Shares of Auto parts maker Samvardhana Motherson International (SAMIL) jumped 8.4% to Rs 92.3 in Wednesday's trade on BSE after the firm announced that it will acquire a majority stake of 81% in Japan-based auto-part maker Yachiyo Industry's four-wheeler (4W) business - a subsidiary of Honda Motor.
Posted by
Able
on
- Get link
- Other Apps
Venus Remedies Ltd has further consolidated its position in the Guff Cooperation Council (GCC), Association of South East Asian Nations (ASEAN), Balkan and Caribbean regions with marketing approvals from Oman, Malaysia, Bosnia and Trinidad & Tobago for key chemotherapy drugs.
Venus Remedies Ltd has further consolidated its position in the Guff Cooperation Council (GCC), Association of South East Asian Nations (ASEAN), Balkan and Caribbean regions with marketing approvals from Oman, Malaysia, Bosnia and Trinidad & Tobago for key chemotherapy drugs.
Posted by
Able
on
- Get link
- Other Apps
Shares of Shree Pushkar Chemicals & Fertilisers up as much as 8.2% to 203.85 rupees, their biggest intraday pct gain since June 2. The stock touches highest level since June 8. The chemical manufacturer said on Tuesday it has begun commercial production at its new plant in Ratnagiri, Maharashtra.
Shares of Shree Pushkar Chemicals & Fertilisers up as much as 8.2% to 203.85 rupees, their biggest intraday pct gain since June 2. The stock touches highest level since June 8. The chemical manufacturer said on Tuesday it has begun commercial production at its new plant in Ratnagiri, Maharashtra.
Posted by
Able
on
- Get link
- Other Apps
India's sixth largest IT company LTIMindtree will replace HDFC in Nifty following the merger of the mortgage lender with HDFC Bank.
India's sixth largest IT company LTIMindtree will replace HDFC in Nifty following the merger of the mortgage lender with HDFC Bank.
Posted by
Able
on
- Get link
- Other Apps
Gensol closes projects worth Rs 277 crore in Q1 FY24 under Regulation 30 of LODR, 2015; shares gain 2%
Gensol closes projects worth Rs 277 crore in Q1 FY24 under Regulation 30 of LODR, 2015; shares gain 2%
Posted by
Able
on
- Get link
- Other Apps
HDFC Bank on Wednesday said its advances have aggregated to approximately Rs 1,615,500 crore as of June 30, 2023, rising 15.8% year-on-year (YoY) over Rs 1,395,100 crore reported in the corresponding quarter of FY23 and around 0.9% over Rs 1,600,600 crore reported for the three months ended March 31, 2023.
HDFC Bank on Wednesday said its advances have aggregated to approximately Rs 1,615,500 crore as of June 30, 2023, rising 15.8% year-on-year (YoY) over Rs 1,395,100 crore reported in the corresponding quarter of FY23 and around 0.9% over Rs 1,600,600 crore reported for the three months ended March 31, 2023.
Posted by
Able
on
- Get link
- Other Apps
Opening Bell: Sensex drops over 100 pts, Nifty nears 19,350; Paytm rises 2%, HDFC Bank sheds 2% on Q1 update
Opening Bell: Sensex drops over 100 pts, Nifty nears 19,350; Paytm rises 2%, HDFC Bank sheds 2% on Q1 update
Posted by
Able
on
- Get link
- Other Apps
Markets may eke out small gains in early trades Wednesday amid optimism in the Gift Nifty index, but a choppy intra-day ride cannot be ruled out as weakness in other Asian indices could prompt investors to exercise caution. The market has already run-up sharply to record highs in the last few sessions on the back of strong FII inflows. Investors will be eyeing the US FOMC Minutes to be released later today. Amongst sectors, there is a bright chance that the Nifty IT Index is likely to be an outperformer.
Markets may eke out small gains in early trades Wednesday amid optimism in the Gift Nifty index, but a choppy intra-day ride cannot be ruled out as weakness in other Asian indices could prompt investors to exercise caution. The market has already run-up sharply to record highs in the last few sessions on the back of strong FII inflows. Investors will be eyeing the US FOMC Minutes to be released later today. Amongst sectors, there is a bright chance that the Nifty IT Index is likely to be an outperformer.
Posted by
Able
on
- Get link
- Other Apps
Shares of multibagger smallcap firm Genus Power Infrastructures rallied over 15% to Rs 149.6 in Tuesday's trade on BSE after the company secured an order worth Rs 2,207.53 crore.
Shares of multibagger smallcap firm Genus Power Infrastructures rallied over 15% to Rs 149.6 in Tuesday's trade on BSE after the company secured an order worth Rs 2,207.53 crore.
Posted by
Able
on
- Get link
- Other Apps
Q1 Update Impact | Avenue Supermarts, which operates retail chain DMart, has reported Rs 11,584 crore standalone revenues for the first quarter ending June. This is an increase of 18%, compared with Rs 9,806 crore clocked in the same period last year.
Q1 Update Impact | Avenue Supermarts, which operates retail chain DMart, has reported Rs 11,584 crore standalone revenues for the first quarter ending June. This is an increase of 18%, compared with Rs 9,806 crore clocked in the same period last year.
Posted by
Able
on
- Get link
- Other Apps