“We’ve held stocks from the entire TVS Group for over 30 years. The Bajaj Group has been in our portfolio for over 40 years, and Reliance has been part of our portfolio for more than 25 years. We hold these companies because their businesses have shown steady growth. We’re not looking for exceptional returns like … Read more
Equity indices ticked higher for the fourth straight session on Wednesday, helped by positive trend in global equities. The 30-share Sensex climbed 114 points to settle at 73,852 and the Nifty advanced 34 points. Stocks that were in focus included names like SAIL, which rose 7.36%, MCX, which was down 4.63%, and HUL, whose shares … Read more
With Wipro and Infosys’ results out this week, the fourth quarter earnings season will now pick up pace as the upcoming week will witness the results for Axis Bank, ICICI Prudential Life Insurance, Mahindra & Mahindra Financial Services, Tata Elxsi, along with 167 other companies. Other big players across sectors, like HUL, Indian Hotels, OFSS, … Read more
Equity indices rebounded sharply by 1% on Wednesday after sliding for the past two sessions. The 30-share BSE Sensex jumped 689 points to settle at 71,060 and the broader Nifty also closed 215 points at 21,453.Stocks that were in focus included names like SBI Life, which rose 2.68%, Karnataka Bank, which fell 7.8%, and Tata … Read more
After an overwhelming response to the IPO, the shares of Tata Technologies are in high demand in the unlisted market with the GMP as high as Rs 412. Considering the upper price band of Rs 500, the stock is expected to list at a massive premium of Rs 82% over the issue price. However, it … Read more
LTIMindtree and Bharat Electronics (BEL) will replace UPL and Dabur India from S&P BSE Sensex 50 index with effect from December 18 as part of the reconstitution of the 30-stock index, a BSE release said on Monday. Shares of LTIMindtree jumped over 2% to the day’s high of Rs 5638 on the BSE while BEL … Read more
Shares of Tata Investment Corporation, which is one of the holding companies of the Tata Group, rallied up to 14% to a fresh 52-week high of Rs 4,444.05 on BSE in Monday’s trade. In the last two trading sessions, the stock has risen 36.6%. Shares of Tata Investment Corporation (TIC) have been on a winning … Read more
In the last three months of strong gains in markets, it is the stocks in the broader market that are partying hard as is visible in their performances. This also reflects in the traction that mutual funds have seen in their midcap and smallcap funds. Among the top 25 schemes by assets under management (AUM), … Read more
“We are of the opinion that initial resistance is at 18650 levels once that level has been crossed then you are going to see the prior all-time high and then it can extend its gain further,” says Mileen Vasudeo, Arihant Capital Markets. Where do you see Nifty headed in the brand new series?If you see … Read more
” I would like to just buy these midcap IT stocks at slightly more reasonable price to earnings multiples so there is margin of safety,” says Dipan Mehta, Director, Elixir Equities.At what point in time IT becomes what banks were in 2021. 2021, nobody liked banks. Everybody was worried about the impact of impact of … Read more