Exide Industries (Exide) shares rallied as much as 14% in early trade as HDFC Life Insurance Company (HDFC Life) announced that it will acquire Exide life insurance  business for Rs6,687 crore. But what is intriguing is that the shares of both the companies—Exide and HDFC Life rose even...

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INDIAN MARKET TRENDS From 27th August to 2 September 2021, ML Mega-cap Index rose 4%. The NIFTY, ML Large-cap Index, the Sensex, ML Mid-cap Index and ML Small-cap Index rose 3% each. ML Micro-cap Index and rose 2%.                                             FUND...

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Traders on the National Stock Exchange (NSE) are a worried lot currently. They are spooked by the increasing frequency of freak trades on the NSE derivatives segment (many of which have coincidentally happened on a Friday) leading them to be afraid of “Freaky Fridays”.    Last week,...

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We had mentioned in previous week’s closing report that Nifty, Sensex move would depend on global reaction to US Fed meeting. The major indices rallied this week and ended with major gains.   The trend of the major indices in the week is given in the table:     On...

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Over the past 75 years, PI Industries has continuously reinvented itself. Beginning in 1946 as Mewar Oil & General Mills, the company made edible oils. As the oil business didn’t take off, it got into agro-chemical formulations business and changed its name to Pesticides India and was later...

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We had mentioned in Wednesday’s closing report that Nifty, Sensex may pause for a breather. On Thursday, the indices opened higher and closed with huge gains. On the NSE, there were 1,287 advances, 630 declines and 88 unchanged.   The trend of the major indices on Thursday’s trading...

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We had mentioned in Tuesday’s closing report that Nifty, Sensex remain on an uptrend. On Wednesday, the indices opened higher but suffered a minor correction. On the NSE, there were 942 advances, 1,061 declines and 5 unchanged.   The trend of the major indices on Wednesday’s trading...

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Krishna Institute of Medical Sciences Ltd (KIMS) is one of the largest corporate healthcare groups in Andhra Pradesh and Telangana, in terms of number of beds, patients treated and treatments offered. It operates nine multi-specialty hospitals under the ‘KIMS Hospitals’ brand with an...

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We had mentioned in Monday’s closing report that Nifty, Sensex were headed higher. On Tuesday, the indices opened higher and continued its rally. On the NSE, there were 969 advances, 965 declines and 81 unchanged.   The trend of the major indices on Tuesday’s trading are given in the...

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Ami Organics Ltd (AOL) is a manufacturer of specialty chemicals such as pharmaceutical intermediates for regulated and generic active pharmaceutical ingredients (APIs) and new chemical entities (NCEs). It has also started manufacturing agro-chemicals and fine chemicals after acquiring the...

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Vijaya Diagnostic Centre Ltd (VDCL) offers pathology and radiology testing services through a network of 81 diagnostic centres and 11 reference laboratories across 13 cities. VDCL was founded by Dr S Surendranath Reddy in 1981 as a proprietorship concern and was subsequently incorporated as a...

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We had mentioned in previous week’s closing report that Nifty, Sensex move will depend on global reaction to US Fed meeting. On Monday, the indices opened higher and made huge gains. On the NSE, there were 1,424 advances, 612 declines and 90 unchanged.   The trend of the major indices...

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Indiabulls Real Estate Ltd (IBREL) is the flagship real estate company of the Indiabulls group. IBREL has proposed a merger with entities of the Embassy group (Embassy). Incorporated in 1993, Embassy group is one of the leading real estate developers in India and has developed more than 55mn...

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Global companies looking to de-risk supply chains from China have changed the fortunes for many chemicals companies in India. One of the beneficiaries of this trend has been Deepak Nitrite Ltd (DNL), incorporated in 1970 by Chimanlal K Mehta. It started as a sodium nitrite and sodium nitrate...

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INDIAN MARKET TRENDS From 20th August to 26 August 2021, ML Micro-cap Index and ML Mega-cap Index rose 2% each. The NIFTY, the Sensex, ML Large-cap Index, ML Mid-cap Index and ML Small-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 remain under some pressure. The major indices rallied this week and ended with major gains.   The trend of the major indices in the week is given in the table:     On Monday, the indices opened...

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We had mentioned in Wednesday’s closing report that Nifty, Sensex may move sideways. On Thursday, the indices opened higher but ended flat. On the NSE, there were 1,005 advances, 989 declines and 5 unchanged.   The trend of the major indices on Thursday’s trading are given in the...

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Antony Waste Handling Cell Ltd (AWHC) is one of the top-5 players in the Indian municipal solid waste (MSW) management. Its services include solid waste collection, transportation, processing and disposal across the country. Its clients are Indian municipal corporations  and municipalities....

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Ramco Industries Limited (Ramco), incorporated in 1965 and headquartered in Chennai, is mainly in the building products business. It makes fibre cement (FC) sheets for roofing and calcium silicate boards (CSBs) used for partitions, walls and ceilings. It also has a spinning mill which...

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