The Indian market is likely to trade higher on Friday, tracking positive global cues. The India VIX climbed 2.09% to close at 15.99 on Thursday, indicating heightened caution. FII selling pressure continues, as the Long-Short ratio hovers around the 25% level. “India VIX is up by more than 7% this week, which increases volatility. Until … Read more
Ace investor Vijay Kedia has raised his stake in Atul Auto by 450 bps in the September ended quarter taking his overall equity in the three-wheeler maker to 18.20 as against 13.70% in the June ended quarter. The smallcap stock has given multibagger returns of 110% over the last 12 months versus Nifty50 which has … Read more
Ace investor Vijay Kedia slashed his stake in two smallcap stocks — Tejas Networks and Elecon Engineering Company — during the September quarter, as per the latest shareholding data available on the BSE. Kedia, who holds equity in the company through Kedia Securities, reduced his stake in Tejas Networks by 12 bps to 1.89% in … Read more
Indian market snapped a 3-day losing streak and closed in the green on Friday. The S&P BSE Sensex rose nearly 300 points while Nifty50 closed above 18200 levels. Sectorally, buying was seen in IT, realty, banks, and autos while selling was visible in healthcare, consumer durables, and public sector stocks. Stocks that were in focus … Read more
Brokerages have remained majorly positive on the cement pack, expecting companies to report decent growth in volumes, revenue and profit after tax (PAT) in the September quarter of the current fiscal year. However, the second is traditionally a soft quarter for cement producers from the demand point of view, considering the fact that monsoon hits … Read more
The Ramco Cements has fallen more than 25 per cent in a year compared to 10 per cent upside seen in Nifty50 and the chart pattern suggests that there could be more pain in the offing. The stock has been on sellers’ radar and has fallen more than 36 per cent from its 52-week high … Read more