We had mentioned in Wednesday’s closing report that Nifty, Sensex were in a fresh upmove. On Thursday, the indices continued its rally and closed with decent gains.   On the NSE, there were 930 advances, 1,007 declines and 80 unchanged.   The trend of the major indices on...

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Demergers, especially in the chemicals sector, have been value-accretive for investors. Jubilant Ingrevia, Fairchem Organics, Privi Speciality Chemicals, Aarti Surfactants and the recently listed Meghmani Finechem are some of the stocks that have delivered enormous returns. Another stock,...

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We had mentioned in Tuesday’s closing report that Nifty, Sensex were directionless. On Wednesday, the indices rallied and closed with decent gains. On the NSE, there were 1,262 advances, 695 declines and 2 unchanged.     Telecom stocks rose after a report by CNBC-TV18 said...

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A shareholder of Vodafone Idea, Satya Prakash Sinha, has complained to SEBI that on June 7, when Kumar Mangalam Birla, the Chairman of Vodafone Idea Limited, offered his stake to the government of India or any company approved by the government for free, the information was not shared with...

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As the second wave of COVID receded from June 2021 and as restrictions were lifted, Radico Khaitan (Radico) notched up month-on-month (m-o-m) increase in demand. In Q1FY21-22, it reported Indian made foreign liquor (IMFL) sales volume of 5.61mn (million) cases representing an increase of...

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We had mentioned in Monday’s closing report that Nifty, Sensex may try to rally. On Tuesday, the indices opened higher but ended with minor gains. On the NSE, there were 1,203 advances, 820 declines and 4 unchanged.   The trend of the major indices on Tuesday’s trading are given in...

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Incorporated in 1981, Sansera Engineering Ltd (SEL) is into precision engine-forged components, such as connecting rod, rocker arm, crankshaft, gear shifter fork and stem comp, and aluminium-forged parts for 4W (four-wheeler), 2W (two-wheeler) vehicles, MCVs (medium commercial vehicles) and...

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We had mentioned in previous week’s closing report that Nifty, Sensex may take cue from global markets. On Monday, the indices opened lower and ended with minor loss. On the NSE, there were 1,007 advances, 962 declines and 89 unchanged.   The trend of the major indices on Monday’s...

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GHCL Ltd is a diversified company making soda ash and sodium bicarbonate and yarn and home textiles products. In March 2020, the board of directors of GHCL had approved the scheme of demerger of its textiles division into a separate company, GHCL Textiles Ltd (GTL). Under the scheme, each...

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INDIAN MARKET TRENDS From 3rd September to 9 September 2021, ML Small-cap Index and ML Mid-cap Index rose 2% each. ML Large-cap Index and ML Micro-cap Index rose 1% each. ML Mega-cap Index, the Sensex and the NIFTY ended flat.                                         

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Textiles stocks have done well in 2020-21, thanks to strong demand and lower input costs. And now the government has announced production-linked incentive (PLI) scheme for the sector which has got the market even more excited. We believe that textiles companies, that are making value-added...

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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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In 2020, Divi’s Laboratories (Divi’s) became the second most valuable listed pharmaceuticals company—the first being Sun Pharmaceutical Industries Ltd. How did Divi’s manage to reach this position on a business model which works on high volumes and low production costs and is seen at the...

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We had mentioned in previous week’s closing report that Nifty, Sensex were headed higher. The major indices rallied this week but ended with minor gains. The trend of the major indices in the week is given in the table:     On Monday, the indices opened higher and closed with...

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Just as fast-moving consumer goods (FMCG) created enormous value for investors, the market thinks that now fast-moving electrical goods (FMEG) will do the same. FMEG comprise household electrical and lighting products. One of the leading FMEG companies is Crompton Greaves Consumer Electricals...

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We had mentioned in Tuesday’s closing report that Nifty, Sensex may give up some gains. On Wednesday, the indices were volatile and ended flat. On the NSE, there were 1,062 advances, 918 declines and 1 unchanged.   The trend of the major indices on Wednesday’s trading are given in the...

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We had mentioned in Monday’s closing report that Nifty, Sensex continued to remain bullish.   On Tuesday, the indices opened higher but were volatile and ended flat. On the NSE, there were 685 advances, 1,301 declines and 87 unchanged.   The trend of the major indices on...

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There are three types of investors. One, those who do not know anything, admit to it and trust an adviser to take them through their investment journey. Often, this is limited to the money they can spare. They take their own calls on gold and real estate. There is another class—a...

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We had mentioned in previous week’s closing report that Nifty, Sensex were headed higher. On Monday, the indices opened higher and closed with minor gains. On the NSE, there were 978 advances, 985 declines and 90 unchanged.   The trend of the major indices on Monday’s trading are...

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With 37.61 per cent of its paid up equity share capital or 53.59 million equity shares are subject to outstanding legal and regulatory proceedings including a 1:500 bonus issue Tamilnad Mercantile Bank (TMB) has filed its Draft Red Herring Prospectus (DRHP).   The bank has filed DRHP...

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