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जेएसडब्ल्यू स्टील खरीदें और बजाज ऑटो बेचें : आईसीआईसीआई डायरेक्ट

आईसीआईसीआई डायरेक्ट (ICICI Direct) ने आज गुरुवार के कारोबार में जेएसडब्ल्यू स्टील (JSW Steel) में खरीदारी और बजाज ऑटो (Bajaj Auto) में बिकवाली की सलाह दी है। - जेएसडब्ल्यू स्टील (216.60) सितंबर फ्यूचर को 214.50.00-215.00 रुपये के बीच खरीदें - पहला लक्ष्य 217.8 रुपये, दूसरा लक्ष्य 222.3 रुपये - घाटा काटने का स्तर (स्टॉप लॉस) 211.8 रुपये - बजाज ऑटो (2,750) सितंबर फ्यूचर को 2745.00-2750.00 रुपये के बीच बेचें - पहला लक्ष्य : 2726 रुपये, दूसरा लक्ष्य 2690 रुपये - घाटा काटने का स्तर : 2774 रुपये ध्यान रखें कि ब्रोकिंग फर्म की यह सलाह एकदिनी वायदा कारोबार के लिए है। स्पष्टीकरण: इन शेयरों में ब्रोकिंग फर्म या उसके ग्राहकों के हित जुड़े हो सकते हैं। Best Share Market News, Click Here To Get More News -  Share Market Tips, Stock Market Tips , for 2 Days Free T rial give a missed call @9644405057 and Get Share Market Services.

Is Tata Motors increasingly seen as a takeover target by investors?

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A rose by any other name would smell just as sweet, goes the Shakespearean saying.  Likewise, if the value of a stock is the sum of the present value of its future cash flows, how should it matter to investors whether the equity shares they purchase are called ordinary shares or shares with differential voting rights (DVRs). But apparently, in the case of Tata Motors Ltd, it matters a lot. The company’s ordinary shares now trade at a record premium of about 120% over its DVRs. The ordinary shares, which trade at ₹109.50 apiece, offer one vote for every share held in the company, and the DVRs, which trade at ₹49.95 apiece, offer one vote for every 10 shares held. Researchers such as Aswath Damodaran of New York University say that the difference between voting and non-voting shares is almost entirely explained by the value attached to the possibility of a change in the company’s management or ownership. In a paper that sought to assess the economic value of v...

06 सितंबर को आंध्र बैंक (Andhra Bank) का बोर्ड करेगा विलय पर विचार

आंध्र बैंक (Andhra Bank) के शेयर में 2% से ज्यादा की कमजोरी देखने को मिल रही है। शुक्रवार 06 सितंबर को आंध्र बैंक के निदेशक मंडल की बैठक होने जा रही है, जिसमें सरकार द्वारा प्रस्तावित आंध्र बैंक, कॉर्पोरेशन बैंक (Corporation Bank) और यूनियन बैंक ऑफ इंडिया (Union Bank of India) के विलय पर विचार किया जायेगा। इन तीनों बैंकों के विलय से 14.59 लाख करोड़ रुपये के कारोबार और 9,609 शाखाओं वाला बैंक तैयार होगा। बता दें कि हाल ही में केंद्रीय वित्त मंत्री निर्मला सीतारमण ने 10 सरकारी बैंकों के आपस में विलय का ऐलान किया, जिसके बाद 10 की जगह केवल 4 बैंक वजूद में रह जायेंगे। बीएसई में आंध्र बैंक का शेयर 19.90 रुपये के पिछले बंद भाव की तुलना में मजबूती के साथ 20.10 रुपये पर खुला। मगर शुरुआत में ही यह लाल निशान में पहुँच गया और साढ़े 10 बजे के करीब 19.30 रुपये के निचले स्तर तक फिसला। करीब सवा 11 बजे बैंक के शेयरों में 0.45 रुपये या 2.26% की कमजोरी के साथ 19.45 रुपये पर कारोबार हो रहा है। इस भाव कंपनी की बाजार पूँजी 5,804.83 करोड़ रुपये है। वहीं इसके पिछले 52 हफ्तों का शिखर 34.85 रुपये और निचला ...

एचसीएल टेक खरीदें और हिंडाल्को बेचें

आईसीआईसीआई डायरेक्ट (ICICI Direct) ने आज बुधवार के कारोबार में एचसीएल टेक (HCL Tech) में खरीदारी और हिंडाल्को (Hindalco) में बिकवाली की सलाह दी है। - एचसीएल टेक (1,111) सितंबर फ्यूचर को 1116.00-1118.00 रुपये के बीच खरीदें - पहला लक्ष्य 1125.6 रुपये, दूसरा लक्ष्य 1138.4 रुपये - घाटा काटने का स्तर (स्टॉप लॉस) 1108.4 रुपये - हिंडाल्को (178.3) सितंबर फ्यूचर को 177.50-178.00 रुपये के बीच बेचें - पहला लक्ष्य : 176 रुपये, दूसरा लक्ष्य 173.5 रुपये - घाटा काटने का स्तर : 179.5 रुपये ध्यान रखें कि ब्रोकिंग फर्म की यह सलाह एकदिनी वायदा कारोबार के लिए है। स्पष्टीकरण: इन शेयरों में ब्रोकिंग फर्म या उसके ग्राहकों के हित जुड़े हो सकते हैं। Best Share Market News, Click Here To Get More News -  Share Market Tips, Stock Market Tips , for 2 Days Free T rial give a missed call @9644405057 and Get Share Market Services.

Nifty, Sensex follow Asian peers higher on fresh trade-talk hopes

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Indian shares rose on Friday, in line with broader Asia, as the United States and China returned to resolving their tariff dispute and on hopes that central banks and governments will do more to avert a global growth slowdown. The broader NSE Nifty rose 0.42% to 10,992.55 as of 0409 GMT, while the benchmark BSE Sensex inched 0.42% higher to 37,220.12. Both the indexes were poised to finish the week higher. Broader Asian stock stocks inched higher with sentiments improving after U.S. President Donald Trump said some trade discussions were taking place with China. MSCI's broadest index of Asia-Pacific shares outside Japan rose 1% to its highest since Aug. 23. Domestic investors awaited GDP data for the April-June quarter due later in the day. Metal and mining stocks were the top gainers on the NSE Nifty, with the Nifty metals index rising as much as 1.61%. Of the 15 constituents on the metal index, 14 stocks were trading in the positive territory. The ...

Gruh Finance rallies 8% as HDFC eyes further stake sale

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HDFC has been gradually paring stake in Gruh to meet RBI conditions for Bandhan Bank merger. Shares of Gruh Finance jumped nearly 8 percent in early trade on August 30 after media reports suggested that HDFC is planning to sell 9.2 percent stake in Gruh Finance. The Economic Times, quoting sources, reported that "HDFC will raise Rs 1,678 crore by selling 9.2 percent in Gruh Finance and the sale of 67.4 million shares is expected to happen at a floor price of Rs 243 to Rs 249 per share in the open market on August 30." HDFC has been gradually paring stake in Gruh to meet RBI conditions for Bandhan Bank merger. The housing finance company has sold over 10 percent in Gruh Finance. The RBI had in March granted its approval for the proposed scheme of amalgamation between Gruh Finance and Bandhan Bank. Around 0930 hours, shares of Gruh were quoting at Rs 262.30, up 5.11 percent while HDFC was up 0.43 percent at Rs 2,137.60 on BSE. Best Share Ma...

HDFC Bank shares gain on plans to exit GSTN

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GSTN is a non‐profit organization for facilitating the collection of Goods & Services Tax (GST). The share price of HDFC Bank rose more than 1 percent intraday on August 30 as the company plans to sell its entire stake in software company Goods & Services Tax Network. The company has agreed to sell its entire stake of 10 percent in the equity share capital of Goods & Services Tax Network (GSTN) consisting of 10,00,000 equity shares of Rs 10 each, for a total consideration of Rs 1 crore to various State Governments and Union Territories, as per a company release. The bank’s promoter Housing Development Finance Corporation (HDFC) is also a shareholder in GSTN. GSTN is a non‐profit organization for facilitating the collection of Goods & Services Tax (GST). At 0939 hrs, HDFC Bank was quoting at Rs 2,253.50, up to Rs 25.90, or 1.16 percent on the BSE. Best Share Market News, Click Here To Get More News -  Share Market Tips, Stock Mar...

Oil prices gain nearly 2% after drop in U.S. crude inventories

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Oil prices rose nearly 2% on Wednesday after a larger-than-expected decline in U.S. crude stockpiles helped ease worries about weakening oil demand caused by the trade war between Washington and Beijing. Brent crude futures settled 98 cents, or 1.7%, higher at $60.49 a barrel. West Texas Intermediate crude ended at $55.78 a barrel, rising 85 cents, or 1.6%. U.S. crude oil inventories fell last week by 10 million barrels, compared with analysts' expectations for a decrease of 2.1 million barrels, as imports slowed, the Energy Information Administration said. "There's a lot of big numbers here, but it's all on the import number, which is pretty impressive," said Bob Yawger, director of energy futures at Mizuho in New York. Net U.S. crude imports fell by 1.51 million barrels per day to 2.9 million BPD, while imports in the Gulf Coast region dropped to their lowest on record at 1.2 million BPD. Over the past four weeks, crude oil imports averag...

Wipro may be lagging on growth but is managing its receivables better

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The story at Wipro Ltd in recent years has been a series of false starts.  Even as revenue growth for its larger peers, Tata Consultancy Services Ltd (TCS) and Infosys Ltd, accelerated, Wipro lagged. But one metric where the company is scoring is cash conversion. The proportion of Ebitda (earnings before interest, tax, depreciation, and amortization) that converted into operating cash flow stood at 98% in the fiscal year 2019, the highest among large IT companies. Wipro maintains this lead with cash flows to Ebitda staying at 95% in the 12 months ended June 2019, showed analysis by Nomura Financial Advisory and Securities (India) Pvt. Ltd. Wipro’s growth in operating cash flow and free cash flow exceeded Ebitda growth in 12 months to June. Free cash flow adjusts for capital expenditure as well, apart from cash operating expenses. Importantly, this is not a recent phenomenon. Cash flow growth is far superior at the company even using three-year annual avera...

ICDs and slowdown put a cap on Britannia Industries` valuations

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Shares of Britannia Industries Ltd have surged as much as 13% inthe past five trading sessions.  This comes at a time when the Nifty FMCG index has risen by about 1.5%. FMCG stands for fast-moving consumer goods. What gives? To begin with, the stock had corrected sharply after the company’s disappointing June quarter performance, and rather tepid management commentary. On 21 August, the stock had closed at a 52-week low. Analysts said this is only a recovery in the stock from its lows and that the short-term outlook continues to remain muted, given the demand slowdown. Domestic volume growth had dropped to an eight-quarter low of 3% in the June quarter. Having said that, Britannia’s investors may well have other worries. “The pessimism in Britannia’s stock really began around the time when it disclosed that an additional part of its treasury surplus had been lent to promoter-group companies as inter-corporate deposits (ICDs carry 10% p.a. interest)," said a...

Top buy and sell ideas.

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Buying Nestle India with stop loss at Rs 12100 and target of Rs 13200 and Tata Consultancy Services with stop loss at Rs 2200 and target of Rs 2300. The market closed in the red after four straight sessions on August 28 due to profit booking and fears of a global recession. Banks, auto, metals, and pharma stocks pulled the market down while IT outperformed, rising over a percent. The BSE Sensex was down 189.43 points at 37,451.84 while the Nifty 50 fell 59.30 points to 11,046.10 ahead of the expiry of August futures & options contracts, forming a bearish candle on daily charts. But, the expected decline is unlikely to damage the recent uptrend status of the Nifty, he said, adding important supports to be watched are around 10,900-10,850 levels, where one may expect a reliable upside bounce from the lows. The broader markets were also caught in a bear trap with the Nifty Midcap index falling 1 percent and Smallcap index losing 0.65 percent. According to...

Dilip Buildcon climbs 3% after receiving Provisional Completion Certificate for AP road project

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The road project was worth Rs 350.01 crore. The appointed date for same was July 20, 2017, and the scheduled completion date was July 20, 2019. Shares of Dilip Buildcon rallied 2.7 percent intraday on August 28 after the company received Provisional Completion Certificate for the road project in Andhra Pradesh. The stock gained nearly 14 percent in the last three days after falling more than 50 percent in the last year. It was quoting at Rs 382.85, up to Rs 5.90, or 1.57 percent on the BSE at 1000 hours. The road project company informed exchanges that its project of rehabilitation and up-gradation of Eeppurupalem - Ongole section of NH-214A (new NH-216) to two-lane with a paved shoulder in Andhra Pradesh under NHDP -IV on EPC basis has been provisionally completed. The Provisional Completion Certificate was issued by the authority on August 17. As on July 20, the project was declared fit for operation. The road project was worth Rs 350.01 crore. The a...

DSG Consumer Partners closes $65 million third fund

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Early-stage consumer-focused investor DSG Consumer Partners has closed its third venture capital fund at $65 million, said two people aware of the matter, requesting anonymity. Mint reported on March 31st that it had marked the first close of the fund, then planned at $50 million, at $30 million. DSG had raised its first venture capital fund of $24 million in 2012 and followed it up with a $50 million fund in 2017. It is known for making early bets on hotel chain start-up Oyo Rooms, point-of-sale (POS) services provider MSwipe and Raw Pressery cold-pressed juices. The third fund will invest in seed and Series A rounds of $500,000 to $2 million and will invest a maximum of 15% of the fund in any one company In addition to the third fund, DSG is also raising its second add on fund- a fund dedicated to backing the best companies from its own portfolio, as they raise Series B rounds and beyond. Along with the third fund’s close, it has also marked the first close of i...

कॉटन में थम सकती है तेजी, कैस्टरसीड के लिए बाधा - एसएमसी

कॉटन वायदा (अगस्त) की कीमतों की तेजी पर रोक लग सकती है और 21,350 रुपये के नजदीक अड़चन का सामना करना पड़ सकता है। लेकिन कम आपूर्ति के सीजन में प्रमुख कपास उत्पादक राज्यों, विशेष रुप से दक्षिणी क्षेत्रों, से सीमित आपूर्ति के कारण कीमतों में तेज गिरावट की संभावना नहीं है। इसके अलावा भारी बारिश के कारण परिवहन संबंधी समस्या से भी बाजारों में कपास की कमी हुई है। इसके अतिरिक्त महाराष्ट्र में गुलाबी कीटों के प्रकोप के कारण भी कीमतों में तेजी का सेटीमेंट देखा जा सकता है। वैश्विक मोर्चे पर, यू.एस. कपास वायदा की कीमतों में 1% की गिरावट हुई है और दिसंबर कॉन्ट्रैक्ट की कीमतें 1.03% की गिरावट के साथ 57.61 सेंट पर पहुँच गयी हैं, क्योंकि विदेशी खरीदारों की ओर से माँग सीमित है। अमेरिका और चीन के बीच व्यापार युद्ध ने कपास की माँग को प्रभावित किया है। कारोबारियों की नजर जी-7 की बैठक पर है। मूंग वायदा (सितंबर) की कीमतों में 6,080-6,040 रुपये तक गिरावट जारी रहने की संभावना है। मौजूदा सीजन में मूंग की बुआई सामान्य उत्पादन क्षेत्रों से अधिक हो गयी है, लेकिन अभी भी पिछले वर्ष की तुलना में तेजी से पिछ...

Airtel has a strong balance sheet: Goldman Sachs

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Bharti Airtel, is staying strong and growing and has a robust balance sheet, said broking house, Goldman Sachs. Airtel has a robust balance sheet and a "best-in-class" spectrum footprint position which favors Bharti Airtel for future network roll-outs and market share gains. With declining CAPEX intensity and rising margins on stable revenue growth, we expect Bharti to be FCF (Free Cash Flow) positive in the financial year 2020-21, Goldman Sachs said in a report.  The report said the telecom operator has a strong wireless business growth potential. "We forecast a 30 percent EBITDA growth CAGR for India wireless (46 percent of FY19E revenue) in FY19-22E driven by market share gains, customer upgrades/better customer monetization in data, and tariff hikes. With a recovery in India wireless, steady growth in Africa, and stable non-wireless businesses, we forecast Bharti to deliver an 8 to 18 percent revenue/EBITDA CAGR in FY19-22E", it said. The...

Podcast | Stock picks of the day: Nifty hits fresh August lows; avoid bottom fishing at current level

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It would be advisable to avoid bottom fishing at the current juncture. The Nifty50 has broken below August lows of 10,780 which could further lead to fresh selling pressure. After this, we expect the Nifty to head lower towards 10,550 zones. We are seeing a resumption of the downtrend in various sectors. The realty index, PSU Bank, Private bank and FMCG index have broken down indicating weakness. Bank Nifty, too, has broken below its August lows which indicates the index has the potential to move lower towards 26,500 level which is the March 2019 low. It would be advisable to avoid bottom fishing at the current juncture. The Nifty Bank closed 2.4 percent lower at 27,034 on August 22, weighed down by losses in YES Bank, RBL Bank, Bank of Baroda, PNB, and State Bank of India. Here is a list of top two stocks which could give 4-8 percent return in the next three-four weeks: Ashok Leyland Aug Futs: Sell| LTP: Rs 57.70| Target: Rs 53| Stop Loss: Rs 59| Do...

वी-मार्ट रिटेल (V-Mart Retail) ने किया तीन नये स्टोरों का शुभारंभ

खुदरा स्टोर श्रृंख्ला वी-मार्ट रिटेल (V-Mart Retail) ने तीन नये स्टोरों का शुभारंभ किया है। कंपनी ने नागालैंड, झारखंड और राजस्थान में 1-1 स्टोर खोला है। इसके साथ ही भारत के 18 राज्यों के 181 शहरों में कंपनी के कुल स्टोरों की संख्या 232 हो गयी है। गौरतलब है कि नागालैड में कंपनी का यह पहला, झारखंड में 18वाँ और राजस्थान में 7वाँ स्टोर है। नये स्टोरों के शुभारंभ की घोषणा के बावजूद कंपनी के शेयर में कमजोरी है। बीएसई में वी-मार्ट रिटेल का शेयर 1,734.20 पिछले बंद भाव के मुकाबले आज सुबह मजबूती के साथ 1,760.00 रुपये पर खुला है। मजबूत शुरुआत के बाद शेयर का रुख नीचे की ओर मुड़ गया और 1,713.25 रुपये के निचले स्तर तक गिरा। करीब 11 बजे वी-मार्ट का शेयर 16.10 रुपये या 0.93% की कमजोरी के साथ 1,718.10 रुपये पर चल रहा है। इस भाव पर कंपनी की बाजार पूँजी 3,118.94 करोड़ रुपये है। वहीं इसके पिछले 52 हफ्तों का शिखर 3,298.00 रुपये और निचला स्तर 1,701.65 रुपये रहा है। Best Share Market News, Click Here To Get More News -  Stock Market tips , for 2 Days Free T rial give a missed call @964440...

SEBI may have to do lot more to get FPIs interested again in India: Analyst

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FPIs have pulled out nearly Rs 17,000 crore in the cash segment of Indian equity markets in July, and nearly Rs 10,000 crore so far in the month of August. The Securities and Exchange Board of India (SEBI) has done away with the broad-based eligibility criteria for foreign portfolio investors (FPIs) to simplify the registration process, which is a step in the right direction but the regulator has to do more to bring back foreign investors, suggest experts. Foreign institutional investors started pulling out money from Indian markets after the finance minister in the budget proposed a higher tax surcharge - from 15 percent to 25 percent for incomes between Rs 2 crore and Rs 5 crore, and from 15 percent to 37 percent for higher incomes on non-corporate FPIs. FPIs have pulled out nearly Rs 17,000 crore in the cash segment of Indian equity markets in July, and nearly Rs 10,000 crore so far in August, SEBI data showed. "The changes brought in by SEBI to si...

Infosys, Google Cloud expand partnership for digital services

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Global software major Infosys on Wednesday expanded its partnership with Google Cloud to help its clients accelerate their digital transformation. "As a qualified Google Cloud managed service provider, we will offer clients application lifecycle services with cloud and data analytics expertise," said the city-based IT firm in a statement here. The partnership with the global search engine will enable the software vendor to offer consulting, assessment, migration and support services to enterprises for optimizing their workloads on the Google Cloud Platform. "We will offer industry-specific solutions on the Google platform for healthcare, financial services, insurance, telecom, and retail industries," the outsourcing firm said. The partnership also strengthens the vendor's capabilities to help companies innovate and industrialize analytics, drive accelerated insights for new revenue models, realize savings and achieve faster time to mar...