Monsoon is a headwind, but continued infra push is a bigger tailwind: 5 southern India focussed cement stocks with upside potential of upto 44%JSW Steel Share Price - 5 months ago
With the monsoon coming, there is always a cyclical pressure on cement stocks, with the narrative being that in monsoon construction activity slows down. There is no doubt that this happens but over the last few years it has been seen that the decline in demand is not as strong as it used to be, maybe because the overall thrust on infrastructure is far higher or the fact that as the economy recovers, the overall demand matrix is better for cement companies. The fact is that cement has been a sector where most of the analysts have been caught off guards. The stocks have done well and a large number of analysts have been sticking to their stands that pricing and capacity utilization is an issue. Another reason to look for cement stocks is the fact that we have a state election coming in near term and that will lead to a situation where push to infrastructure projects would be given and that is always good news for the cement industry.
Economic Times

Paytm shares soar over 8% after laying off employees as part of group restructuringJSW Steel Share Price - 5 months ago
Paytm has been facing regulatory trouble after the RBI barred Paytm Payments Bank Ltd from accepting more deposits from February 29, owing to non-compliance. After declining 51% in the last one year, Paytm saw some positive action with the shares rising 13% this month.
Economic Times

Tech stocks tumble, dragging Sensex 203 pts lower, Nifty below 23,300 on US rate fearsJSW Steel Share Price - 5 months ago
The Sensex hit a day's high of 77,079, while the Nifty 50 touched 23,411.9 in early trade on Monday on the back of a Modi-fuelled state firm rally, but the IT stocks dampened the buoyant market mood. The IT index fell 1.83%, making it the top sectoral loser. Tech Mahindra, Infosys, Wipro, TCS, and HCLTech declined by 1%-3%, becoming the top losers on the Sensex. The market capitalisation of all listed companies on the BSE surged by Rs 1.59 lakh crore to reach Rs 425.08 lakh crore.
Economic Times

Andhra-based stocks extend gains up to 62% in 4 sessions, riding high on TDP winJSW Steel Share Price - 5 months ago
Shares of Andhra Pradesh-based firms continued surging despite muted headline indices. The rally, sparked by Chandrababu Naidu's election win, saw companies like KCP surge up to 40% in four sessions. Andhra Cements led gains with 10%, followed by Nelcast at 5.6%. KCP gained 0.6%, Andhra Sugars rose 6.6%, and others like Crane Infrastructure and Laurus Labs also traded in green.
Economic Times

Technical Breakout Stocks: How to trade Raymond, M&M and Tejas Networks on TuesdayJSW Steel Share Price - 5 months ago
Sensex, Nifty saw marginal decline in profit-booking on Monday amid mixed cues. Sectorally, metal, oil & gas and IT stocks saw some selling, while buying was seen in realty, utilities, telecom and healthcare stocks. Raymond stock was up over 3% to hit a fresh 52-week high.
Economic Times

Promoter Blackstone sells 15% stake in Mphasis for Rs 6,700 croreJSW Steel Share Price - 5 months ago
Blackstone held a majority stake in the IT firm at 55% as of March. Now it's down to 40%, but still, it's the largest shareholder. Mutual funds hold 13.88% and foreign investors like Nomura hold 14.86%. According to the exchange data, marquee funds including Kotak MF, Morgan Stanley, Societe Generale picked up stakes in the transaction.
Economic Times

Market Trading Guide: Cipla, Petronet LNG among 6 stock recommendations for Tuesday - 5 months ago
Benchmark equity indices Sensex and Nifty ended lower on Monday after hitting their all-time high levels in early trade amid selling in blue-chip IT stocks and HDFC Bank. After breaching the 77,000-mark during the early trade, the 30-share BSE Sensex came under selling pressure at the fag-end of the session and ended 203.28 points lower at 76,490.08.Halting its three-day rally, the NSE Nifty dipped 30.95 points to settle at 23,259.20. "The short-term trend of Nifty continues to be positive amid high volatility. Having moved above the hurdle of 22,250 levels (mid part of Tuesday's long bear candle) recently, the Nifty could move towards the next upper hurdle of 23,200 (upper part of long bear candle) in the near term. Immediate support is at 22,640 levels," said Nagaraj Shetti, Senior Technical Research Analyst, HDFC Securities.Here are 6 stock recommendations for Tuesday:
Economic Times

Motilal Oswal shares jump nearly 19% as shares trade ex-bonusTech Mahindra Share Price - 5 months ago
Motilal Oswal Financial Services (MOFSL) stock soared 18.7% on BSE, hitting a record high of Rs 719.95 post-ex-bonus trading. The company declared a 1:3 bonus share issue in May, granting three bonus shares for every share held.
Economic Times

Monsoon is a headwind, but continued infra push is a bigger tailwind: 5 southern India focussed cement stocks with upside potential of upto 44%Tech Mahindra Share Price - 5 months ago
With the monsoon coming, there is always a cyclical pressure on cement stocks, with the narrative being that in monsoon construction activity slows down. There is no doubt that this happens but over the last few years it has been seen that the decline in demand is not as strong as it used to be, maybe because the overall thrust on infrastructure is far higher or the fact that as the economy recovers, the overall demand matrix is better for cement companies. The fact is that cement has been a sector where most of the analysts have been caught off guards. The stocks have done well and a large number of analysts have been sticking to their stands that pricing and capacity utilization is an issue. Another reason to look for cement stocks is the fact that we have a state election coming in near term and that will lead to a situation where push to infrastructure projects would be given and that is always good news for the cement industry.
Economic Times

Paytm shares soar over 8% after laying off employees as part of group restructuringTech Mahindra Share Price - 5 months ago
Paytm has been facing regulatory trouble after the RBI barred Paytm Payments Bank Ltd from accepting more deposits from February 29, owing to non-compliance. After declining 51% in the last one year, Paytm saw some positive action with the shares rising 13% this month.
Economic Times

Tech stocks tumble, dragging Sensex 203 pts lower, Nifty below 23,300 on US rate fearsTech Mahindra Share Price - 5 months ago
The Sensex hit a day's high of 77,079, while the Nifty 50 touched 23,411.9 in early trade on Monday on the back of a Modi-fuelled state firm rally, but the IT stocks dampened the buoyant market mood. The IT index fell 1.83%, making it the top sectoral loser. Tech Mahindra, Infosys, Wipro, TCS, and HCLTech declined by 1%-3%, becoming the top losers on the Sensex. The market capitalisation of all listed companies on the BSE surged by Rs 1.59 lakh crore to reach Rs 425.08 lakh crore.
Economic Times

Andhra-based stocks extend gains up to 62% in 4 sessions, riding high on TDP winTech Mahindra Share Price - 5 months ago
Shares of Andhra Pradesh-based firms continued surging despite muted headline indices. The rally, sparked by Chandrababu Naidu's election win, saw companies like KCP surge up to 40% in four sessions. Andhra Cements led gains with 10%, followed by Nelcast at 5.6%. KCP gained 0.6%, Andhra Sugars rose 6.6%, and others like Crane Infrastructure and Laurus Labs also traded in green.
Economic Times

Technical Breakout Stocks: How to trade Raymond, M&M and Tejas Networks on TuesdayTech Mahindra Share Price - 5 months ago
Sensex, Nifty saw marginal decline in profit-booking on Monday amid mixed cues. Sectorally, metal, oil & gas and IT stocks saw some selling, while buying was seen in realty, utilities, telecom and healthcare stocks. Raymond stock was up over 3% to hit a fresh 52-week high.
Economic Times

Mphasis promoter entity pares 15 pc stake for Rs 6,735 crTech Mahindra Share Price - 5 months ago
After the stake sale, shareholding of Blackstone has declined to 40.37 per cent from 55.45 per cent in Mphasis. However, it will continue to be the largest shareholder in the firm.
Economic Times

Cognizant to acquire Belcan for $1.3 billion - 5 months ago
The deal would expand Teaneck, New Jersey-based Cognizant's footprint in the aerospace, defense, space and automotive sectors. Cincinnati-based Belcan, which has been owned by private equity firm AE Industrial Partners since 2015, employs 10,000 people across 60 locations globally. Some of its clients include Boeing, General Motors, Rolls-Royce, the U.S. space agency NASA and the U.S. Navy.
Economic Times

Motilal Oswal shares jump nearly 19% as shares trade ex-bonusAadhar Housing Finance Share Price - 5 months ago
Motilal Oswal Financial Services (MOFSL) stock soared 18.7% on BSE, hitting a record high of Rs 719.95 post-ex-bonus trading. The company declared a 1:3 bonus share issue in May, granting three bonus shares for every share held.
Economic Times

Monsoon is a headwind, but continued infra push is a bigger tailwind: 5 southern India focussed cement stocks with upside potential of upto 44%The Ramco Cements Share Price - 5 months ago
With the monsoon coming, there is always a cyclical pressure on cement stocks, with the narrative being that in monsoon construction activity slows down. There is no doubt that this happens but over the last few years it has been seen that the decline in demand is not as strong as it used to be, maybe because the overall thrust on infrastructure is far higher or the fact that as the economy recovers, the overall demand matrix is better for cement companies. The fact is that cement has been a sector where most of the analysts have been caught off guards. The stocks have done well and a large number of analysts have been sticking to their stands that pricing and capacity utilization is an issue. Another reason to look for cement stocks is the fact that we have a state election coming in near term and that will lead to a situation where push to infrastructure projects would be given and that is always good news for the cement industry.
Economic Times

Paytm shares soar over 8% after laying off employees as part of group restructuringOne97 Communications Share Price - 5 months ago
Paytm has been facing regulatory trouble after the RBI barred Paytm Payments Bank Ltd from accepting more deposits from February 29, owing to non-compliance. After declining 51% in the last one year, Paytm saw some positive action with the shares rising 13% this month.
Economic Times

Tech stocks tumble, dragging Sensex 203 pts lower, Nifty below 23,300 on US rate fearsWipro Share Price - 5 months ago
The Sensex hit a day's high of 77,079, while the Nifty 50 touched 23,411.9 in early trade on Monday on the back of a Modi-fuelled state firm rally, but the IT stocks dampened the buoyant market mood. The IT index fell 1.83%, making it the top sectoral loser. Tech Mahindra, Infosys, Wipro, TCS, and HCLTech declined by 1%-3%, becoming the top losers on the Sensex. The market capitalisation of all listed companies on the BSE surged by Rs 1.59 lakh crore to reach Rs 425.08 lakh crore.
Economic Times

Andhra-based stocks extend gains up to 62% in 4 sessions, riding high on TDP winNelcast Share Price - 5 months ago
Shares of Andhra Pradesh-based firms continued surging despite muted headline indices. The rally, sparked by Chandrababu Naidu's election win, saw companies like KCP surge up to 40% in four sessions. Andhra Cements led gains with 10%, followed by Nelcast at 5.6%. KCP gained 0.6%, Andhra Sugars rose 6.6%, and others like Crane Infrastructure and Laurus Labs also traded in green.
Economic Times

Technical Breakout Stocks: How to trade Raymond, M&M and Tejas Networks on TuesdayTejas Networks Share Price - 5 months ago
Sensex, Nifty saw marginal decline in profit-booking on Monday amid mixed cues. Sectorally, metal, oil & gas and IT stocks saw some selling, while buying was seen in realty, utilities, telecom and healthcare stocks. Raymond stock was up over 3% to hit a fresh 52-week high.
Economic Times

Mphasis promoter entity pares 15 pc stake for Rs 6,735 crAadhar Housing Finance Share Price - 5 months ago
After the stake sale, shareholding of Blackstone has declined to 40.37 per cent from 55.45 per cent in Mphasis. However, it will continue to be the largest shareholder in the firm.
Economic Times

Infosys, Balrampur Chini among 4 stocks with long unwinding - 5 months ago
Long unwinding refers to the selling of positions or stocks owned for a longer period either to book profit or to exit it in anticipation of impending bearishness. In Monday's trading session, four stocks witnessed a top long unwinding. Here's the list:
Economic Times

Arthan Finance raises Rs 50 crore from Incofin, Dell Foundation - 5 months ago
The Dell Foundation is a returning investor in the company. The fresh fund infusion will boost the company’s business expansion and technological progress, the company said.
Economic Times

Sebi to auction 22 properties of seven companies in July - 5 months ago
Justice Sailendra Prasad Talukdar has been appointed as the one-man committee for liquidating the assets of the firms and repaying the investors. The move is part of Sebi's effort to recover investors' money.
Economic Times

Consumer sector in focus post-election results! D-Mart, Tata Consumer could give 12-18% in 1 yearCeat Share Price - 5 months ago
We believe this rally in staple stocks is driven by not only its ‘defensive sector’ tag but also the underlying excitement, which was triggered by strong post-Q4 management commentary.
Economic Times

IDBI Bank shares jump over 5% on receiving income tax refund order worth Rs 2,702 croreCeat Share Price - 5 months ago
IDBI Bank's shares rose 5.4% after receiving a Rs 2,701.6 crore income tax refund for the Assessment Year 2016-17 from the Income Tax Department.
Economic Times

Motilal Oswal shares jump nearly 19% as shares trade ex-bonusCeat Share Price - 5 months ago
Motilal Oswal Financial Services (MOFSL) stock soared 18.7% on BSE, hitting a record high of Rs 719.95 post-ex-bonus trading. The company declared a 1:3 bonus share issue in May, granting three bonus shares for every share held.
Economic Times

Monsoon is a headwind, but continued infra push is a bigger tailwind: 5 southern India focussed cement stocks with upside potential of upto 44%Ceat Share Price - 5 months ago
With the monsoon coming, there is always a cyclical pressure on cement stocks, with the narrative being that in monsoon construction activity slows down. There is no doubt that this happens but over the last few years it has been seen that the decline in demand is not as strong as it used to be, maybe because the overall thrust on infrastructure is far higher or the fact that as the economy recovers, the overall demand matrix is better for cement companies. The fact is that cement has been a sector where most of the analysts have been caught off guards. The stocks have done well and a large number of analysts have been sticking to their stands that pricing and capacity utilization is an issue. Another reason to look for cement stocks is the fact that we have a state election coming in near term and that will lead to a situation where push to infrastructure projects would be given and that is always good news for the cement industry.
Economic Times

Paytm shares soar over 8% after laying off employees as part of group restructuringCeat Share Price - 5 months ago
Paytm has been facing regulatory trouble after the RBI barred Paytm Payments Bank Ltd from accepting more deposits from February 29, owing to non-compliance. After declining 51% in the last one year, Paytm saw some positive action with the shares rising 13% this month.
Economic Times

Tech stocks tumble, dragging Sensex 203 pts lower, Nifty below 23,300 on US rate fearsCeat Share Price - 5 months ago
The Sensex hit a day's high of 77,079, while the Nifty 50 touched 23,411.9 in early trade on Monday on the back of a Modi-fuelled state firm rally, but the IT stocks dampened the buoyant market mood. The IT index fell 1.83%, making it the top sectoral loser. Tech Mahindra, Infosys, Wipro, TCS, and HCLTech declined by 1%-3%, becoming the top losers on the Sensex. The market capitalisation of all listed companies on the BSE surged by Rs 1.59 lakh crore to reach Rs 425.08 lakh crore.
Economic Times

Andhra-based stocks extend gains up to 62% in 4 sessions, riding high on TDP winCeat Share Price - 5 months ago
Shares of Andhra Pradesh-based firms continued surging despite muted headline indices. The rally, sparked by Chandrababu Naidu's election win, saw companies like KCP surge up to 40% in four sessions. Andhra Cements led gains with 10%, followed by Nelcast at 5.6%. KCP gained 0.6%, Andhra Sugars rose 6.6%, and others like Crane Infrastructure and Laurus Labs also traded in green.
Economic Times

Technical Breakout Stocks: How to trade Raymond, M&M and Tejas Networks on TuesdayCeat Share Price - 5 months ago
Sensex, Nifty saw marginal decline in profit-booking on Monday amid mixed cues. Sectorally, metal, oil & gas and IT stocks saw some selling, while buying was seen in realty, utilities, telecom and healthcare stocks. Raymond stock was up over 3% to hit a fresh 52-week high.
Economic Times

Jubilant FoodWorks, Glenmark Pharma among 5 stocks with short covering - 5 months ago
Short covering refers to the buying of shares in order to close an existing short position or a position that has been sold. Short covering signals a shift in view regarding a security from extreme bearishness to bullishness. In Monday's trading session, five stocks saw top short covering. Here's the list:
Economic Times

US stocks slip as investors prepare for inflation data, Fed meeting - 5 months ago
U.S. stock indexes dipped slightly as investors exercised caution in anticipation of crucial inflation figures and the impending Federal Reserve meeting.
Economic Times

EIH Associated Hotels shares rally 17% ahead of bonus shares issue planUflex Share Price - 5 months ago
EIH Associated Hotels surged 17% to Rs 845 on BSE as it plans to issue bonus shares. The company's strong performance is evident from Trendlyne data. It is part of The Oberoi Group, known for luxury hotels and various services.
Economic Times

Consumer sector in focus post-election results! D-Mart, Tata Consumer could give 12-18% in 1 yearUflex Share Price - 5 months ago
We believe this rally in staple stocks is driven by not only its ‘defensive sector’ tag but also the underlying excitement, which was triggered by strong post-Q4 management commentary.
Economic Times

IDBI Bank shares jump over 5% on receiving income tax refund order worth Rs 2,702 croreUflex Share Price - 5 months ago
IDBI Bank's shares rose 5.4% after receiving a Rs 2,701.6 crore income tax refund for the Assessment Year 2016-17 from the Income Tax Department.
Economic Times

Motilal Oswal shares jump nearly 19% as shares trade ex-bonusUflex Share Price - 5 months ago
Motilal Oswal Financial Services (MOFSL) stock soared 18.7% on BSE, hitting a record high of Rs 719.95 post-ex-bonus trading. The company declared a 1:3 bonus share issue in May, granting three bonus shares for every share held.
Economic Times

Monsoon is a headwind, but continued infra push is a bigger tailwind: 5 southern India focussed cement stocks with upside potential of upto 44%Uflex Share Price - 5 months ago
With the monsoon coming, there is always a cyclical pressure on cement stocks, with the narrative being that in monsoon construction activity slows down. There is no doubt that this happens but over the last few years it has been seen that the decline in demand is not as strong as it used to be, maybe because the overall thrust on infrastructure is far higher or the fact that as the economy recovers, the overall demand matrix is better for cement companies. The fact is that cement has been a sector where most of the analysts have been caught off guards. The stocks have done well and a large number of analysts have been sticking to their stands that pricing and capacity utilization is an issue. Another reason to look for cement stocks is the fact that we have a state election coming in near term and that will lead to a situation where push to infrastructure projects would be given and that is always good news for the cement industry.
Economic Times

Paytm shares soar over 8% after laying off employees as part of group restructuringUflex Share Price - 5 months ago
Paytm has been facing regulatory trouble after the RBI barred Paytm Payments Bank Ltd from accepting more deposits from February 29, owing to non-compliance. After declining 51% in the last one year, Paytm saw some positive action with the shares rising 13% this month.
Economic Times

Tech stocks tumble, dragging Sensex 203 pts lower, Nifty below 23,300 on US rate fearsUflex Share Price - 5 months ago
The Sensex hit a day's high of 77,079, while the Nifty 50 touched 23,411.9 in early trade on Monday on the back of a Modi-fuelled state firm rally, but the IT stocks dampened the buoyant market mood. The IT index fell 1.83%, making it the top sectoral loser. Tech Mahindra, Infosys, Wipro, TCS, and HCLTech declined by 1%-3%, becoming the top losers on the Sensex. The market capitalisation of all listed companies on the BSE surged by Rs 1.59 lakh crore to reach Rs 425.08 lakh crore.
Economic Times

Andhra-based stocks extend gains up to 62% in 4 sessions, riding high on TDP winUflex Share Price - 5 months ago
Shares of Andhra Pradesh-based firms continued surging despite muted headline indices. The rally, sparked by Chandrababu Naidu's election win, saw companies like KCP surge up to 40% in four sessions. Andhra Cements led gains with 10%, followed by Nelcast at 5.6%. KCP gained 0.6%, Andhra Sugars rose 6.6%, and others like Crane Infrastructure and Laurus Labs also traded in green.
Economic Times

Tech View: Nifty may consolidate within 23,000-23,500. Here’s how to trade on Tuesday - 5 months ago
The near-term trend of the index remains positive, but with a crucial hurdle around the 23,300 level, there is a high chance of a short-term downward correction. Immediate support is at the 23,100 level, according to Nagaraj Shetti of HDFC Securities.
Economic Times

Suzlon shares dip 5% as independent director resignsDixon Technologies (India) Share Price - 5 months ago
Shares of Suzlon Energy dropped by 5% during Monday's early session, hitting the day’s low of Rs 47. This decline followed the resignation of the company’s independent director, Marc Desaedeleer, from his directorship on June 8.
Economic Times

EIH Associated Hotels shares rally 17% ahead of bonus shares issue planDixon Technologies (India) Share Price - 5 months ago
EIH Associated Hotels surged 17% to Rs 845 on BSE as it plans to issue bonus shares. The company's strong performance is evident from Trendlyne data. It is part of The Oberoi Group, known for luxury hotels and various services.
Economic Times

Consumer sector in focus post-election results! D-Mart, Tata Consumer could give 12-18% in 1 yearDixon Technologies (India) Share Price - 5 months ago
We believe this rally in staple stocks is driven by not only its ‘defensive sector’ tag but also the underlying excitement, which was triggered by strong post-Q4 management commentary.
Economic Times

IDBI Bank shares jump over 5% on receiving income tax refund order worth Rs 2,702 croreDixon Technologies (India) Share Price - 5 months ago
IDBI Bank's shares rose 5.4% after receiving a Rs 2,701.6 crore income tax refund for the Assessment Year 2016-17 from the Income Tax Department.
Economic Times

Motilal Oswal shares jump nearly 19% as shares trade ex-bonusDixon Technologies (India) Share Price - 5 months ago
Motilal Oswal Financial Services (MOFSL) stock soared 18.7% on BSE, hitting a record high of Rs 719.95 post-ex-bonus trading. The company declared a 1:3 bonus share issue in May, granting three bonus shares for every share held.
Economic Times

Monsoon is a headwind, but continued infra push is a bigger tailwind: 5 southern India focussed cement stocks with upside potential of upto 44%Dixon Technologies (India) Share Price - 5 months ago
With the monsoon coming, there is always a cyclical pressure on cement stocks, with the narrative being that in monsoon construction activity slows down. There is no doubt that this happens but over the last few years it has been seen that the decline in demand is not as strong as it used to be, maybe because the overall thrust on infrastructure is far higher or the fact that as the economy recovers, the overall demand matrix is better for cement companies. The fact is that cement has been a sector where most of the analysts have been caught off guards. The stocks have done well and a large number of analysts have been sticking to their stands that pricing and capacity utilization is an issue. Another reason to look for cement stocks is the fact that we have a state election coming in near term and that will lead to a situation where push to infrastructure projects would be given and that is always good news for the cement industry.
Economic Times