Two stock ideas for next week by Nooresh Merani

Two stock ideas for next week by Nooresh Merani

“A short term breakout has already taken place on the Nifty as well on the Bank Nifty,” said Nooresh Merani, independent technical analyst. Edited excerpts: The Nifty scaled a very important level of 17800 while the Bank Nifty touched 40,000 this week. What should we watch out for next ? A short term breakout has … Read more

Adani Enterprises tops new peak on Nifty50 inclusion announcement

Adani Enterprises tops new peak on Nifty50 inclusion announcement

Shares of Adani Group’s flagship firm hit a new peak on Friday after the announcement of its inclusion in the Nifty50 index in the upcoming rejig. Adani Enterprises led by Gautam Adani, Asia’s richest and world’s third, will become part of Nifty50 from September 30, its upcoming periodical review. Adani Enterprises will replace , a … Read more

Adani Enterprises to enter Nifty 50

Adani Enterprises to enter Nifty 50

Mumbai , the flagship company of the Adani Group, will be included in the Nifty 50 index in place of , the National Stock Exchange said on Thursday. After , this would be the second stock from billionaire Gautam Adani‘s group to be included in the Nifty. The changes become effective from September 30. Adani … Read more

Did Nifty companies pass Q1 test with flying colours? Here’s the Street view

Did Nifty companies pass Q1 test with flying colours? Here’s the Street view

The June quarter earnings season saw India Inc reporting low single digit QoQ growth in topline and double digit bottomline decline with pressure on gross margins. As the corporate earnings for Nifty companies were below its expectations, domestic brokerage has cut FY23 Nifty EPS estimate by around 3 per cent. “Miss in heavyweights such as … Read more

Corporate profits show signs of pressure in Q1; banks shine

Corporate profits show signs of pressure in Q1; banks shine

Mumbai: Profitability of large Indian companies that have announced their first quarter results so far is showing signs of being under pressure. Analysts’ earnings per share (EPS) estimates of Nifty for FY23 have been trimmed by 1.85% to ₹858, mainly due to lower-than-expected results from some of the big companies like and . Excluding the … Read more

Is this Nifty stock’s moat wide enough to keep competition away?

Is this Nifty stock’s moat wide enough to keep competition away?

Synopsis The Indian cement industry is crowded with multiple players trying to survive in cut-throat competition. The top 5 players in the industry are UltraTech Cement, Shree Cement, ACC Ltd, Ambuja Cements and Dalmia Bharat. These players together have a capacity of over 270 million tonnes per annum (MTPA). Let us look at the top … Read more

Higher input costs and lower demand may pull cement companies’ margins down

Higher input costs and lower demand may pull cement companies’ margins down

In the past six months, the Nifty 50 index has fallen close to 9% while the ET Cement index – which includes all key listed entities – has fallen close to 24%. Synopsis According to some estimates, prices of pet coke and Indonesian coal have shot up 55% to 80% in the past five months. … Read more

Half of Nifty firms trading at premium to their historical average: MOSL

Half of Nifty firms trading at premium to their historical average: MOSL

As Nifty50 ended May on a negative note, domestic brokerage firm in its latest ‘bulls vs bears’ report has highlighted the valuations of Indian stock markets. Apart from the valuations part, the brokerage has also cherry picked a number of stocks across the sectors, which might outperform in the remaining part of the year. The … Read more

Adani Enterprises has high chance of entering Nifty in next rejig

Adani Enterprises has high chance of entering Nifty in next rejig

Mumbai: Adani Enterprises has a ‘high chance’ of replacing Shree Cement in the benchmark Nifty in the semi-annual index review in September, according to Edelweiss Alternative & Quantitative Research. The changes in the index will be announced in the second half of August, and the rebalancing date would be on September 30. Abhilash Pagaria, head … Read more

11 Nifty cos to rake in commodity rally gains

11 Nifty cos to rake in commodity rally gains

Mumbai: Who are the clear winners — and relative stragglers — of the global commodities supercycle? Metals, mining, oil & gas companies should gain, but higher output prices of these industries will have a negative impact on user industries — auto, real estate, consumer staples, and durables. Global commodity prices have surged in 2021, with … Read more