Food delivery aggregator platform Zomato made a superhit, euphoric debut on the bourses on Friday, listing at Rs 116 per share (of face value Re 1) on the NSE, at a 52.63% premium over its issue price of Rs 76 per share. On listing day, Zomato entered the rarefied elite club of listed...

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We had mentioned in previous week’s closing report that Nifty, Sensex were on an uptrend. The major indices suffered a correction during the week,  recovered slightly and ended with minor losses.   The trend of the major indices in the week is given in the table:  

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INDIAN MARKET TRENDS From 16th July to 22 July 2021, ML Micro-cap Index and ML Small-cap Index rose 2% and 1%, respectively. ML Mega-cap Index ended flat. The Sensex, ML Mid-cap Index, ML Large-cap Index and the NIFTY fell 1% each.     FUND FLOWS Foreigners:...

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It is a wonderful season at the capital markets. Name familiarity and the lure of big and quick money are helping some wonderful things happen. Look at the initial public offerings (IPOs). No, it does not matter if the companies making the IPOs are loss-making. So many new ideas, so many...

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This is an interesting micro-cap company which has 40% of global market share in its niche business. T&I Global (TIGL) manufactures and exports customised processing equipment for CTC (crush, tear, curl), orthodox and green tea. TIGL also offers customised drying solutions for the food and...

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We had mentioned in Tuesday’s closing report that Nifty, Sensex may rise. The markets were closed on Wednesday. On Thursday, the indices opened higher and closed with major gains. On the NSE, there were 1,369 advances, 638 declines and 49 unchanged.   The trend of the major indices on...

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Facebook CEO Mark Zuckerberg is selling his stock very fast and since November 9, 2020, he has unloaded shares almost every business day which amounts to 9.4 million shares worth $2.8 billion, the media reported.   According to a Forbes report citing filings with the US Securities and...

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Tube Investments of India Limited (TII), a Murugappa group company, is one of India’s leading manufacturers of engineered products used by auto companies, railways, construction, mining, agriculture and others. We did an article on TII a year ago here; a lot has changed for the better since...

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Jubilant Ingrevia Ltd (JIL) has started FY21-22 on a high note. In the June quarter, JIL registered its highest-ever quarterly revenue, a jump of 55% y-o-y (year-on-year), driven by robust growth in volumes and prices. Not only did revenues rise but operating profit doubled, even though...

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Management change often triggers a change in shareholder value. Either it leads to wealth creation or destruction in shareholders’ wealth. A recent case in point is JB Chemicals where, after KKR acquisition, the stock has taken new wings. On the other hand, in Uniply Industries, management...

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We had mentioned in Monday’s closing report that Nifty, Sensex were under pressure from a global selloff. On Tuesday, the indices continued to fall. On the NSE, there were 478 advances, 1,511 declines and 59 unchanged.   The trend of the major indices on Tuesday’s trading are given in...

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We had mentioned in previous week’s closing report that Nifty, Sensex continue to be on an uptrend. On Monday, the indices suffered a major correction. On the NSE, there were 938 advances, 1,048 declines and 330 unchanged.       HDFC Bank reported consolidated profit of...

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INDIAN MARKET TRENDS From 9th July to 15 July 2021, ML Micro-cap Index and ML Small-cap Index rose 6% and 4%, respectively. ML Mid-cap Index and ML Large-cap Index rose 2% each. The NIFTY, the Sensex, ML Mega-cap Index rose 1% each.       FUND...

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Guidelines    1. The Grader captures the first two of the three intrinsic factors that drive a stock: valuation, returns and growth. Since growth is volatile and difficult to capture through a metric, we have used only the first two factors. In place of growth, we have provided...

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We had mentioned in previous week’s closing report that Nifty, Sensex may try to rally if global cues support. The major indices rallied and closed with major gains. The trend of the major indices in the week is given in the table:     On Monday, the indices opened higher but...

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Incorporated in 1996, Tatva Chintan Pharma Chem Ltd (TCPCL) is a specialty chemicals company manufacturing a diverse portfolio of structure directing agents (SDAs), phase transfer catalysts (PTCs), electrolyte salts for super capacitor batteries, pharmaceutical and agro-chemical intermediates...

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We had mentioned in Wednesday’s closing report that Nifty, Sensex may try to push higher if global cues support. On Thursday, the indices opened higher and ended with decent gains. On the NSE, there were 928 advances, 1,063 declines and 70 unchanged.   The trend of the major indices...

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Visaka is one more company from the building materials sector that is enjoying a big boom. It makes asbestos roofing sheets, fibre cement flat board products and value-added textile yarn, which is also doing very well, currently. It recently started executing projects using its newly...

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For the first time in India's corporate history, a listed company is offering a free personal accident insurance policy. Deepak Nitrite, a Gujarat-based chemical intermediates company, is offering an investors' welfare scheme for its shareholders. The scheme offers a personal accident...

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We had mentioned in Tuesday’s closing report that Nifty, Sensex may be under pressure. On Wednesday, the indices opened higher and ended with minor gains. On the NSE, there were 1,028 advances, 959 declines and 63 unchanged.   The trend of the major indices on Wednesday’s trading are...

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