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Two multibagger stocks to trade ex-split this week. Do you own any?
Focus Lighting has earlier approved to split its shares in the proportion of 1:5, which means, for every one share investors hold, it will be subdivided into five shares. Meanwhile, Surya Roshni had earlier announced a stock split in the ratio of 1:2. This means, for every one share investors hold, it will be divided into two shares.
EV adaptability to decide winner: 5 auto ancillary stocks with upside potential of up to 24%
Few weeks back an auto ancillary major announced the opening of two plants for Electric Vehicle space only. Probably this is just the beginning, more auto ancillary companies, some of which have been readjusting their business model toward EV space, would be announcing it sooner than later. We take a look at companies where analysts are projecting further upside in the next 12 months. The list is based on upside estimated by the analysts, with the highest potential stock coming on the top of the list.
These 5 realty stocks can rally up to 27%, according to Motilal Oswal
Brokerage Motilal Oswal Financial Services (MOFSL) has listed five picks from the realty space, which can offer up to 27% upside to investors. Time to buy?
Stock market today: Asian shares mixed as Japan business confidence rises and US shutdown is averted
Oil prices gained and US futures were higher as the threat of a US federal government shutdown receded after Congress approved a temporary funding bill late Saturday to keep federal agencies open until November 17.
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 33%
Even at the time of volatility movement with slightly more bearish bias which the nifty and broader market has witnessed in the last four weeks, some stocks have witnessed consistent improvement in their scores, which makes it worth looking at them. The stocks from sectors like power distribution, tech based marketplace, have come to the list. But this time there is a difference, a number of these stocks where the score has improved the recommendation has stayed as “ hold”. So, there is an element of caution which seems to have come into broader analyst recommendations.
Top Nifty50 stocks analysts suggest buying this week
Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. Simple average of the above-mentioned five component ratings is normally distributed to reach an average score.
Chart Check: 50% rally from March lows; This smallcap textile stock could hit fresh 52-week highs in next 3-4 weeks
“Filatex India Limited, a small cap company engaged in manufacturing and trading of synthetic yarn and related fabrics falls under ‘Other textile Industry’. The stock has moved by significant volumes in the past few days indicating the investor’s interest,” Madhu Bansal, Research Head, The Finberg, said.
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21 stocks sending out weak signals on MACD charts
Data showed 21 stocks are showing bearish trends. They included Tata Steel, Biocon, Asian Paints,
Dolly Khanna exits her long-term stock bet Nocil
Dolly Khanna was gradually trimming her stake in the company since holding 2.14 per cent stake in
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Gandhi Jayanti: Drawing wealth management lessons from the three wise monkeys
Modern wealth management places a premium on responsible investing, with a growing emphasis on environmental, social, and governance (ESG) factors. Thus, investors should aspire to "see no evil" within their portfolios, which can be accomplished by steering clear of investments in companies or industries that perpetuate negative social or environmental consequences.
Outlook on Wealth Management sector: Angel One, 360 One could give 10-20% return in 1 year
The wealth management industry in India is expected to grow at a healthy rate over the next five years, with a focus on serving ultra-high net worth individuals (UHNIs), high net worth individuals (HNIs), mass affluent, and retail investors. New-age wealth management firms are integrating banking and lending services to provide comprehensive solutions. The use of technology, including AI-powered chatbots and digital platforms, is driving innovation in the sector.
Fundamental Radar: Three major factors set to drive structural growth in Apollo Pipes profitability
Apollo Pipes has a well-established position in the domestic polyvinyl chloride (PVC) pipes industry, supported by its expansive product profile and a strong dealership network. Capacity expansion, an aggressive sales strategy, and implementation of cash-and-carry model is likely to kickstart structural growth in profitability, says Narendra Solanki of Anand Rathi Shares.
Contra bet? IT stocks shrug off earnings growth risks, outpace Nifty 50 in H1FY24
Despite concerns about global slowdown and earnings growth risks, the information technology (IT) sector has contributed significantly to the benchmark Nifty 50's gains in the last six months. IT stocks have outperformed banks and helped the index surpass the 20,000-mark. Eight out of ten constituents of the Nifty IT index have delivered double-digit returns. The gains have been driven by short covering and fresh bullish positions. The sustainability of this momentum will depend on the September quarter results and guidance for the second half of FY24.
Neo Asset's infra fund raises ₹600 cr from HNIs
Neo Asset Management, co-founded by Nitin Jain and Hemant Daga, has successfully secured about ₹600 crore from domestic high-net-worth individual investors for its recently launched India-dedicated Infrastructure Income Fund, according to company officials. This fund, launched in the first week of August, aims to raise a total corpus of ₹2,000 crore.
At ₹2.76 lakh cr, FIIs' gross equity sales touch a record high in Sept
FPIs have invested ₹1.62 lakh crore on the 12-month rolling cumulative basis in Indian equities. The equity portfolio of FPIs was valued at $666 billion at the end of the first fortnight of September 2023 and accounted for 18% of the market capitalisation of India.
Demat accounts adding up on IPO rush even as some swing to safety
The number of demat account openings at domestic broking firms in India has increased during FY24 due to the stock market rally, low brokerage fees, and a surge in IPOs. However, the active client base has shrunk as market participants reduce trading due to volatile swings. The total number of demat accounts as of August 31 reached 12.65 crore, a 10.7% increase from March 31. Brokers expect this growth to continue, particularly in smaller cities and towns.
HDFC Bank set to get a boost from a wider branch network
HDFC Bank, India's most valued lender, has seen a decline in its stock value in the past three months, raising concerns about its impact in the banking sector. The bank's performance has been relatively subdued compared to public-sector lenders, and uncertainties surrounding its merger with its home-financing parent have weighed on the stock. However, HDFC Bank has been focusing on expanding its branch network in areas with limited competition from private banks, allowing it to compete with public-sector banks for deposits. This strategy is expected to benefit the bank in the coming years and drive earnings growth.
Changes in PB ratio calculation make Nifty valuations cheaper
The National Stock Exchange (NSE) has changed the methodology for calculating the Price to Book (PB) ratio of the Nifty index, leading to a decrease in its valuation measure. The PB ratio dropped by nearly 20% without the index falling, making Nifty's valuations cheaper. The change involves factoring in the net worth of each index constituent at the consolidated level in the annual financials, as opposed to standalone earnings. The PB ratio compares market price per share to book value per share and helps investors determine whether a stock is overvalued or undervalued.
