Breaking News

Category Archives: stock market

Feed Subscription

stock market

Nifty to retest recent low of 9685 soon

“Friday’s massive sell off was followed by a flat opening in our markets. However, this was the only moment; bulls had their presence as once again we saw Nifty tumbling within five minutes of opening trade. Eventually, the Nifty ended yet another session on a weak note by shedding nearly a percent from previous close.   Last couple of day’s ... Read More »

iance Home Finance (RHFL) listed today and it is trading at 4.6x FY2017 book value

“Reliance Home Finance (RHFL), carved out from Reliance Capital Ltd., got listed today and at the closing price, it is trading at 4.6x FY2017 book value.   RHFL has grown its loan book from INR 3,135cr in FY2014 to INR 9,994cr in FY2017, which has registered a phenomenal CAGR of 47%. The management is targeting a loan book INR 50,000cr in the next ... Read More »

Indian markets correct amid concerns surrounding fiscal stimulus

“Indian markets corrected as the local and global news flows has been negative. Globally, Fed’s almost certain rate hikes next month as well as China downgrade and rising geopolitical tensions between the US and North Korea hit the investor sentiment. The finance minister’s statement of providing Rs 50,000cr stimulus package to fight the slowdown also was seen negative by the ... Read More »

Move beyond 10179 – 10058 would dictate the near term direction

“Our markets had a quiet start as indicated by the SGX Nifty early in the morning. However, we witnessed a sharp decline of nearly 100 points from day’s high in merely 15 minutes towards the tail end of the initial hour. Despite this, index managed to reclaim the 10100 mark as we saw decent recovery during the remaining part of ... Read More »

IPO Note- Prataap Snacks Limited

“Prataap Snacks is one of the top snack food companies in India and with 27% revenue CAGR between FY13-FY17, it is also one of the fastest growing companies in its sector. It has three product lines i.e. Extruded Snacks, Chips and Namkeen and has brands such as Chulbule and Yellow Diamond. It has 3 manufacturing facilities, 218 distributors and 3,500 ... Read More »

Early Chinese output cuts boost metals

“LME Aluminium prices jumped to fresh five year highs of $2191.5/t while MCX Aluminium prices touched Rs.139.2/kg, highest level since 2006 on reports that two companies in Henan province in China have started with output cuts much before the official winter restrictions. According to the report, Chinalco, China’s largest state-run aluminium producer, and Jiaozuo Wanfang were to start reducing production ... Read More »

Slender range for the index; but, party continues in individual stocks

“Once again, it was a dull start as well as the entire session for our markets. Having said that the stock specific party continues similar to what we have been witnessing of late. The Nifty remained within a slender range of 37 points and eventually concluded marginally below yesterday’s close.   It seems that traders are quite comfortable chasing individual ... Read More »

Real action seems outside the index

“Despite mixed cues from the Asian peers, our markets opened slightly higher carrying yesterday’s optimistic mood. Subsequently, index consolidated for the remaining part of the day to eventually conclude with negligible loss. Clearly, the real action was outside the index as some of the mid and small cap counters soared 10 – 20 % during the session.   Today’s price ... Read More »

IPO Note- SBI Life Insurance Co Ltd

“SBI Life Insurance is a JV between State Bank of India (SBI-70%), and BNP Paribas Cardiff (26%). The insurer’s new business premium grew 35% from FY15 to FY17; it has a leadership position with 20% market share in New Business Premium (NBP) in FY17.   Outlook & Valuation: We believe the Indian Life Insurance industry is in a phase of high ... Read More »

10043 – A key support for the index

“Our markets had a pleasant start for the week as traders across the globe seemed quite cheerful and as a result, recent record high of 10137.85 was conquered in the opening trade of the day. Subsequently, we witnessed a narrow range activity with a positive bias throughout the day. Finally, after a lot of time-wise pain, our markets moved one ... Read More »

Scroll To Top