We had mentioned in previous week’s closing report that Nifty, Sensex were on a strong rally.   The major indices have reached new high this week and closed with major gains.     On Monday, the indices opened higher, touched record highs and ended with gains. On the...

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INDIAN MARKET TRENDS From 8th October to 13 October 2021, ML Micro-cap Index rose 3%. ML Large-cap Index and ML Mid-cap Index rose 2% each. The NIFTY, ML Mega-cap Index, the Sensex and ML Small-cap Index rose 1% each.                                                

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We had mentioned in Wednesday’s closing report that Nifty, Sensex have gained fresh strength from corporate actions and results. On Thursday, the indices opened higher, reached record levels and ended with major gains. On the NSE, there were 992 advances, 997 declines and 6 remained...

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Krsnaa Diagnostics (Krsnaa) got listed in August 2021 and has come out with its first quarterly and half-yearly earnings. We analysed its initial public offering (IPO) here. Krsnaa is a large and differentiated diagnostic service-provider that provides a range of technology-enabled diagnostic...

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Orient Electric Limited (Orient) manufactures/purchases and sells electrical consumer durables, and lighting & switchgear products in India. It operates in two segments, viz., electrical consumer durables (ECD) and lighting & switchgear. It offers ceiling, portable, airflow, wall, lifestyle,...

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We had mentioned in Tuesday’s closing report that Nifty, Sensex may move sideways. On Friday, the indices opened higher and ended with major gains. On the NSE, there were 1,035 advances, 952 declines and 78 remained unchanged.   The trend of the major indices on Wednesday’s trading...

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Thyrocare Technologies Ltd (Thyrocare) is the fourth-largest diagnostics chain in India and third-largest among listed players. It specialises in ‘low-cost business model’ that provides quality service at cost-effective prices. Thyrocare derives a large portion of its revenue from...

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Saregama India Ltd (SIL) announced its results for Q2FY21-22 on 11 October 2021. We had discussed SIL’s music licensing business in detail in April 2021 (https://bit.ly/3iUODIT).  SIL’s net sales grew 38% quarter-on-quarter (q-o-q) from Rs105 crore in Q1FY21-22 to Rs145 crore in Q2FY21-22....

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We had mentioned in Monday’s closing report that Nifty, Sensex may move sideways. On Tuesday, the indices opened lower and ended with minor gains. On the NSE, there were 1,025 advances, 947 declines and 77 remained unchanged.   The trend of the major indices on Tuesday’s trading are...

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Kamdhenu Ltd (KL) manufactures steel products and decorative paints. It has announced the demerger and listing of its paints business into a separate entity, Kamdhenu Ventures Ltd (KVL). The scheme of arrangement has been approved by the National Company Law Tribunal (NCLT) and various other...

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We had mentioned in Friday’s closing report that Nifty, Sensex may trend upwards. On Monday, the indices opened higher, touched record highs and ended with gains. On the NSE, there were 1,121 advances, 901 declines and 6 remained unchanged.   The trend of the major indices on Monday’s...

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We had mentioned in previous week’s closing report that Nifty, Sensex were on a strong rally. The major indices closed with gains.     On Monday, the indices opened higher and ended with major gains. On the NSE, there were 1,484 advances, 513 declines and 83...

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INDIAN MARKET TRENDS From 1st October to 7 October 2021, ML Small-cap Index and ML Micro-cap Index rose 4% each. ML Mid-cap Index rose 3%. ML Large-cap Index, ML Mega-cap Index and the Sensex rose 2% each. The NIFTY rose 1%.                                            

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Piramal Enterprises Ltd (PEL) has announced the demerger of its pharmaceuticals business leading to creation of two independent listed firms focused on financial services and pharma. After the demerger, PEL will become a financial services company, while the pharma business will get...

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We had mentioned in Thursday’s closing report that Nifty, Sensex may move sideways or continue its rally. On Friday, the indices opened higher and ended with major gains. On the NSE, there were 1,089 advances, 960 declines and 79 remained unchanged.   The trend of the major indices on...

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It is easy to sell a stock, when we are sitting on a profit. When we are not, it is not an easy task. It is a natural human tendency to hold on to stocks that have dipped below our purchase price, expecting them to recover, at some point. Behavioural finance experts call it ‘loss aversion’...

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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...

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We had mentioned in Wednesday’s closing report that Nifty, Sensex may restart its rally. On Thursday, the indices opened higher and ended with major gains.   On the NSE, there were 1,425 advances, 608 declines and 74 remained unchanged. The trend of the major indices on Thursday’s...

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Forbes & Company Ltd (FCL) is a diversified conglomerate that is into precision tools, residential real estate development, textiles, shipping and health & hygiene products, such as water-purifiers and vacuum–cleaners, through its wholly-owned subsidiary (WOS), Eureka Forbes Ltd (EFL). FCL is...

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In our series on diagnostic labs, we look at Metropolis Healthcare Limited (Metropolis). It is one of the largest diagnostic chains in India with presence across 19 states in India and some foreign countries. It had dominant market share in the west (56%) and in the south (24%) of India as of...

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