Discover 5000+ schemes. Track your portfolio 24X7
MC30 is a curated basket of 30 investment-worthy mutual Fund (MF) schemes.
The new age digital currency to diversify a portfolio.
Visit this section to access live price and charts.
Learn and stay informed about cryptocurrency in India.
Learn, discover & invest in smallcases across different types to build your long term portfolio.
Explore from India`s leading investment managers and advisors curating their strategies as smallcases.
Diversify your portfolio by investing in Global brands.
Pre-configured baskets of stocks & ETFs that you can invest in with a single click. Developed by hedge funds, global asset management companies, experienced wealth management firms and portfolio managers.
Fundamental, Stock Ideas, Multibaggers & Insights
Stock & Index F&O Trading Calls & Market Analysis
Technical Call, Trading Calls & Insights
Commodity Trading Calls & Market Analysis
Currency Derivatives Trading Calls & Insights
Options Trading Advice and Market Analysis
Model portfolios, Investment Ideas, Guru Screens and Much More
Proprietary system driven Rule Based Trading calls
Curated markets data, exclusive trading recommendations, Independent equity analysis & actionable investment ideas
Curated markets data, exclusive trading recommendations, Independent equity analysis & actionable investment ideas
STOCK REPORTS BY THOMSON REUTERS
Details stock report and investment recommendation
Set price, volume and news alerts
Indices end lower in volatile session, Nifty below 16,150
JSW Steel to consider fund raising on May 27
Maruti Suzuki buys 12% stake in Sciograph Solutions
Marwadi Financial Services assign “Subscribe (With Caution)” rating to Aether Industries IPO
Short-term investors book profit in Delhivery IPO: Yash Gupta
BSE Power index falls 1 percent dragged by the Adani Power, JSW Energy, Adani Green
Va Tech Wabag signs concession agreement with Ghaziabad Nagar Nigam
Jyothy Labs reports 29.6% jump in consolidated net profit at Rs 38 crore
Operations at the Goa Carbon's Paradeep Unit resumes
KRChoksey maintains buy on Dr Reddy’s Laboratories
Aether Industries IPO Day 1: Issue subscribed 26% as retail part booked 31%, QIB portion 36%
eMudhra IPO: Issue subscribed 2.1 times on Day 3, retail portion booked 2.28 times, QIB 3.04 times
LIC to declare financial results for FY22 on May 30
Government may limit sugar exports, shares take a sharp knock
NIIT reports 44.7% jump in Q4 consolidated net profit at Rs 67.3 crore
Zee Entertainment signs global media rights contract with UAE’s T20 League
Exports rises 21% to $23.7 billion during May 1-21
Ipca Laboratories posts 19.3% fall in consolidated net profit at Rs 130.2 crore
BSE Realty index sheds 0.7 percent dragged by the Indiabulls Real Estate, Macrotech Developers, Brigade Enterprises
Credit Suisse maintains outperform rating on NTPC, target price Rs 180
Bank of India has posted Q4 net profit at Rs 606.3 crore
Hem Securities recommends 'subscribe' to Aether Industries IPO
Goldman Sachs maintains buy rating on Divis Laboratories
Life Insurance Corporation of India board meeting on May 30 to consider results and payment of dividend
NBCC bags orders of Rs 313.8 crore under Puducherry Smart City Development
UBS maintains 'buy' on Zomato with a target price of Rs 130
Alembic Pharma gets final USFDA nod for Pirfenidone Tablets
PG Technoplast collaborats with Maharashtra Industrial Development Corporation
JSW Energy to seek shareholders' nod to raise up to Rs 5,000 crore
Emkay cuts FY23-24 EBITDA estimates of Ramco Cements by 3-5%, reduce target to Rs 770
eMudhra IPO issue subscribed 1.09 times on Day 3, retail portion booked 1.82 times, QIB 47%
Aether Industries IPO issue subscribed 7%, retail part booked 14%
BSE Information Technology index falls 1 percent dragged by the 63 Moons Technologies, Firstsource Solutions, Nelco
Morgan Stanley keeps 'overweight' rating on Zomato, target at Rs 135
Aditya Birla Fashion & Retail approves fund raising of up to Rs 2,195 crore
Venus Pipes & Tubes IPO shares debut at 3.5% premium to the issue price of Rs 326/share
Delhivery IPO shares list at Rs 495.20
BSE Fast Moving Consumer Goods index sheds 1 percent dragged by the Apex Frozen Foods, Ruchi Soya Industries, BCL Industries
Olectra Greentech arm declared lowest bidder to supply electric buses worth Rs 3,675 crore
Nifty Metal index up 1 percent led by the APL Apollo Tubes, Vedanta, Jindal Stainless (Hisar)
Nifty Metal index up 1 percent led by the APL Apollo Tubes, Vedanta, Jindal Stainless (Hisar)
ONGC starts selling gas from KG Basin block on Indian exchange
Rupa and Company share price fell more than 14 percent after its CEO and CFO resigns
Expect positive start for the Dalal Street: Mohit Nigam
Indian rupee opens marginally lower at 77.56 per dollar
Indian markets likely to open on a flat to positive note: ICICI Direct
Three stocks under the F&O ban for May 24
Marico acquires D2C breakfast and snacks brand True Elements
India's economic growth may have slowed to 3.5% in Q4 FY22: ICRA
Oberoi Realty signs deal to develop land parcel worth Rs 404 crore in Mumbai
Oil prices ease on concerns over recession, weaker consumption
More interest rates hikes with fiscal measures: RBI governor
Gold prices steady after hitting 2-week high on dollar retreat
Delhivery to debut today on exchanges
Grasim Industries, Adani Ports, JM Financial among others to announce results today
Aether Industries IPO opens today for subscription
ONGC becomes 1st gas producer to trade on IGX
eMudhra IPO subscribed 96%, retail portion booked 1.69 times, QIB 25% on Day 2
Zomato Q4 net loss widens to Rs 359 crore, revenue up by 75%
SGX Nifty indicates a flat to positive start for the Indian indices
Asia stocks restrained as US futures retreat
Wall Street rallies on back of big tech, banks
Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities The cautious optimism seen in early trades failed to generate healthy gains as weakness in other Asian peers and pessimism in European gauges triggered last hour selling. Investors are waiting for the minutes of the US FOMC meeting, which will provide cues on the central bank's rate-hike direction going ahead.
Also, there is a lot of skepticism amongst the investors over interest rate hikes in the near term and its impact on growth going ahead.
On daily charts, the Nifty has formed a bearish candle, which is indicating further weakness in the near future.
We are of the view that as long as the index is trading below 16,250, the correction wave is likely to continue. Below the same, it could retest the level of 16,000-15,050. On the flip side, post 16,250 breakout, the index could move up to 16,325-16,375.
DRE. Reddy, CEO and Managing Partner at CRCL LLP:
The Indian Government's decision of limiting the export of sugar to 10 MT is not very surprising. The move comes on the backdrop of rising inflation and is made to keep on the rising domestic food prices.
This decision is in line with the centre's decision of limiting the export of wheat. This decision will impact the global sugar supply as India is the second-largest exporter of sugar after Brazil. However, it is too soon to say if this restriction will have an impact on the pricing in India.
Rupak De, Senior Technical Analyst at LKP Securities:
Nifty remained directionless during the day leading to volatility in the market. On the higher end, 16400 is likely to remain a resistance over the near term. Support on the lower end remains at 16000-16020.
Going ahead, the volatility may continue over the near term. Any decisive breakout above 16400 may induce a strong directional move in the market.
Vinod Nair, Head of Research at Geojit Financial Services:
Anxiety of slowing economy & rising interest rates underpinned by soaring inflation continued to haunt the global market.
The UK and Eurozone composite PMI registered the slowest rise in business activity in the month of May, worsening global investor risk sentiment.
On the domestic front, while all major sectors succumbed to the pressure, the auto sector bucked the market trend this month gaining on fuel price cut and rise in steel custom duty.
Market Close: Benchmark indices ended lower in the volatile session on May 24, with Nifty below 16,150.
At close, the Sensex was down 236.00 points or 0.43% at 54,052.61, and the Nifty was down 89.50 points or 0.55% at 16,125.20. About 1005 shares have advanced, 2220 shares declined, and 121 shares are unchanged.
Dr Reddy’s Labs, Kotak Mahindra Bank, HDFC, Nestle India and HDFC Bank were among the top Nifty gainers, while losers included Divis Labs, Tech Mahindra, Grasim Industries, Hindalco Industries and HUL.
Among sectors, IT, pharma, metal, FMCG, power and realty indices down 1 percent each.
BSE midcap index fell 0.8 percent and smallcap index shed 1 percent.
JSW Steel to consider fund raising on May 27
The company board would considering raising of long term funds, including but not limited to, Qualified Institutions Placement of permissible securities, subject to such regulatory/statutory approvals as may be required, in May 27 board meeting.
JSW Steel has touched a 52-week low of Rs 538 and was quoting at Rs 538.10, down Rs 9.50, or 1.73 percent.
Maruti Suzuki buys 12% stake in Sciograph Solutions
Maruti Suzuki India said it will acquire an equity stake of 12.09 percent in Sociograph Solutions Pvt Ltd (SSPL) for about Rs 2 crore.
SSPL is an artificial intelligence (AI) software company that specialises in visual AI platforms predominantly used to help enterprises improve sales experiences and improve efficiency in their business.
Maruti Suzuki India was quoting at Rs 7,800.00, down Rs 96.20, or 1.22 percent on the BSE.
Marwadi Financial Services view on Aether Industries Limited IPO
Considering the TTM (Dec-21) EPS of Rs 8.50 on a post issue basis, the company is going to list at a P/E of 75.6x with a market cap of Rs 79,918 Mn whereas its peers namely Clean Science & Technology Ltd and Fine Organic Ltd. are trading at PE of 82.7x and 80.2x.
We assign the “Subscribe (With Caution)” rating to this IPO as the company is the sole manufacturer of chemicals namely 4MEP, MMBC, T2E, OTBN, and others, in India.
However, the company has low and declining Operating Cash Flow to EBITDA ratio which keeps us cautious from a long-term perspective.
Yash Gupta- Equity Research Analyst, Angel One:
We suggest short-term investors book profit in Delhivery IPO and long-term investors remain invested. Currently, the company is trading at EV/sales of 4.8x and price to book value of 5.2x on annualized number of FY2022. We have given a neutral rating to Delhivery IPO.
Delhivery is the largest and fastest growing fully integrated logistics services player in India. The company has a reach of 17,488 pin codes and has an infrastructure of 14.2 million rupee square feet with more than 3,836 delivery points.
The company offers five types of transportation services- Express Parcel services, Part Truck Load services, Truck Load services, Supply chain services, and Cross Border services.
Brokerages are confident about the company’s prospects, given its inherent strengths and the growth likely in the Indian chemical industry. They have assigned a “subscribe” or “subscribe with caution”…
Va Tech Wabag signs concession agreement with Ghaziabad Nagar Nigam
Va Tech Wabag has signed through its wholly owned subsidiary M/s. Ghaziabad Water Solutions Private Limited (SPV), a concession agreement with Ghaziabad Nagar Nigam (GNN) towards Design, Build, Finance and Operation of a new 40 MLD Recycle and Re-use Tertiary Treatment Reverse Osmosis (TTRO) plant along with associated infrastructure under Hybrid Annuity Model (HAM).
Va Tech Wabag was quoting at Rs 236.25, down Rs 5.95, or 2.46 percent on the BSE.
Managing Money | Rules of investing in various asset classes
Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express writtern permission of moneycontrol.com is prohibited.
Copyright © e-Eighteen.com Ltd All rights resderved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express writtern permission of moneycontrol.com is prohibited.