Vadraj Cement, previously known as ABG Cement, has been shifted from the Bombay High Court to the National Company Law Tribunal (NCLT) for debt resolution. The NCLT order allows lenders to potentially recover more than half of their dues. Adani Group, UltraTech Cement, and JSW Cement may bid to acquire the debt-laden company.

The last date for submitting expressions of interest is February 9 and e-bidding will take place on February 21. Bidders are expected to offer 5% mark-up on 20% cash and 80% SR base bid, with preference to bids with a higher cash portion.

The central bank is likely to focus on non-rate measures for the sixth time when the Monetary Policy Committee (MPC) meets this week. By announcing a lower-than-expected government borrowing programme, the government has done its bit by helping push down yields.

ICICI Sec expects Nifty to form a 'durable bottom' in the February-March period wherein 20,500-20,800 levels could be a strong support. "Usual bull market corrections in Nifty are around 8% (multiple cycle average) followed by new highs," the analysts said. "Volatility from hereon should be embraced as a buying opportunity."

SAIL stock rallies 40% in 3 months, hits 52-week high. Short-term traders advised to buy stock for target of Rs 145. Short-term traders can look to buy the stock now or on marginal dips for a target of Rs 145 in the next 6-7 weeks, suggest experts. The stock found support above 100 levels and staged a strong bounce back which also helped the stock to break out from a Symmetrical Triangle. A symmetrical triangle is commonly considered a continuation pattern.

Indian market bounced back on Friday after the Interim Budget Day. The S&P BSE Sensex rose more than 400 points, while the Nifty50 closed above 21800 levels. Buying was seen in oil & gas, energy, metal, and public sector stocks, while selling was seen in telecom and banking. Stocks like NHPC, NBCC, and SJVN hit fresh record highs. Analyst Sanket Thakar says NBCC after a multi-year breakout, aims for Fibonacci extension levels. NHPC and SJVN reached all-time highs but may experience a cooling-off period.

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. What they probably ignored was the fact that any industry which has been facing headwinds for a long time tends to sort the issues and few players are able to make a comeback as consolidation takes place. Pretty much what we have seen in power.

​If you are an OTT TV series fan like us at Kotak Private Equity team, you would realize that Feb 1, 2024, budget is the finale episode of Modi government Season 2.

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. What they probably ignored was the fact that any industry which has been facing headwinds for a long time tends to sort the issues and few players are able to make a comeback as consolidation takes place. Pretty much what we have seen in power.

Bloomberg proposes to include India FAR government securities in the Bloomberg EM Local Currency Index, which will ensure flows into the Indian markets. Interest rate cuts may be announced in the US, potentially leading to a fall in the Dollar index. FDI inflows in India have been increasing, reaching $85 billion in FY 2021-2022. The Indian government's pro-growth policies and the China-plus-one doctrine are expected to further boost FDI. Investors should consider adding duration funds to their fixed income portfolio and investing in attractively-valued companies in the manufacturing sector.

When the street is under absolute control of bulls, one of the things which they throw out of the window is the “sense of risk”. There are two kinds of risk in equity markets, first the overall market or asset class risk and second is individual risk. First risk is not under control of anyone, because it can hit the market due to any reason, right from any geopolitical uncertainty to any monetary event in any part of the world. But the second risk which is individual risk is about the choice of the stock which one buys

Nifty 50 index hit an all-time high for the fifth time this year on Friday, led by gains in Reliance Industries and IT stocks. The S&P BSE Sensex closed 0.61% higher at 72,085, while the NSE Nifty 50 index closed above the 21,850 level."The short-term uptrend status of Nifty remains intact. But the overall chart pattern suggesting a possibility of high volatility at the new highs. Any attempt of upmove from here could encounter strong resistance around 22100-22200 levels and that could possibly result in short-term weakness from the highs. Immediate support is at 21700 levels," said Nagaraj Shetti, HDFC Securities.Here are 7 stock recommendations for Monday:

National Buildings Construction Corporation (NBCC) shares surged 47% following the government's push for affordable housing in the interim Budget. Finance Minister Nirmala Sitharaman announced plans to build 2 crore more houses for the rural poor and a scheme to help the middle class buy or build their own houses. This announcement has boosted optimism in the real estate and allied sectors. NBCC has already been experiencing positive momentum and the government's emphasis on capex further supported the stock.

It makes sense to pay more for a stock whose earnings grow at a faster rate. That is the reason why when a sector gets discovered first as a fast growing sector we see a sudden rush of money in that sector. If it is midcap stocks then it deserves to be paid more. Now, how much more should be paid is the question. One of the ways is to determine by dividing a company’s PE multiple with its growth ratio.

The company is eighth largest amongst hotel chains with asset ownership in India. It operates hospitality assets under its own brands, The Park, The Park Collection, Zone by Park among others. The company operates 80 restaurants, night clubs and bars, offering a wide selection of culinary experiences within its hotels, as of March 2023.

Stock exchanges BSE and NSE have revised the circuit limits for Paytm parent company One97 Communications following a steep price crash caused by RBI's crackdown on Paytm Payments Bank. The circuit limits have been changed to 10%, and the stock cannot fall below the lower limit or rise above the upper limit. The RBI's action against Paytm Payments Bank, which was barred from accepting fresh deposits, has had a significant impact on Paytm's operations. Jefferies and Motilal Oswal Securities have downgraded Paytm's parent shares.

​Foreign Portfolio Investors (FPIs) have injected over Rs 19,800 crore in the country's debt market in January, making it the highest monthly inflow in more than six years, on the back of inclusion of Indian government bonds in the JP Morgan Index.

A long buildup is when there is a rise in open interest and volumes along with an increase in the price of the underlying stock in the Futures and Options segment. The long buildup is the occurrence of a long (buying) trend in the share market. In Friday's trading session, five stocks witnessed a build of fresh long positions. Here's the list:

​The combined market valuation of eight of the top-10 most valued firms climbed Rs 2.90 lakh crore last week, with Reliance Industries emerging as the lead gainer, amid optimism in equities. Last week, BSE benchmark Sensex jumped 1,384.96 points or 1.95 percent.

The Nifty50 remained volatile during the budget week, closing at 21854 with a weekly gain of 501 points. The weekly chart shows a bullish candle with an upper shadow, indicating profit booking near the all-time high. If the Nifty crosses 22000, it may reach 22150-22300 levels, while breaking below 21700 may lead to a decline towards 21650-21500. The RSI indicator suggests a potential positive trend change. Here are 4 trading ideas for 10-20% returns in the next 3-4 weeks: Can Fin Homes, Engineers India Ltd, Hindustan Copper Ltd, and Oriental Hotels.

According to Trendlyne, the value of all the superstar investors’ portfolios surged in the December quarter. Here’s a snapshot of their portfolio values in Q2 and Q3 in FY 2024.

Bharti Airtel is expected to report a consolidated net profit of Rs 38,068 crore for the October-December quarter, a 6.3% YoY jump. Revenues are expected to reach Rs 38,800 crore, an 8.4% YoY growth. The profit after tax (PAT) is expected to be Rs 2,340 crore, a 10.5% YoY decrease. ARPU is projected to grow 1% QoQ to Rs 205. Africa's revenue is expected to fall 2% QoQ to $1,221 million. Bharti Airtel is targeting a Rs 50,000 crore market opportunity with its enterprise offerings.

Yet for the Wall Street drama this week, the bull market powered on thanks to soothing economic data and strong reports from Meta Platforms and Amazon.com. The twist: The easy buy-and-hold trade on the Magnificent Seven is now on shakier ground.

Nifty ended with weekly gains of 2.3% led by IT stocks. PSU Banks outperformed other sectors. Markets will reopen after a holiday week and react to major domestic and global events. RBI will announce monetary policy decisions. US markets closed with strong gains, influencing Indian markets. Several companies will announce Q3FY2024 earnings. Rupee remained flat against the dollar. Corporate actions include ex-dates and record dates for interim dividends. Technical factors and FII/DII action will also impact the market.

While it was an interim budget, on one count it gave more indications even than a full budget. That count is the path which interest rates may follow. If one goes by the reaction of the debt market and the benchmark G-sec yield, the probability of interest rates coming down has increased very sharply. In an economy like India, where cost of capital matters more than anything else, many sectors will see positive impact. But the strongest correlation is with banks, real estate, construction and infrastructure. Among these we take a look at construction and contracting companies as lower interest rates means more tailwinds to the existing one of higher demand. Not only does the overall demand have a correlation with interest rates but even their own operating matrix is such that lower interest rates benefit them. ET screener powered by Refinitiv’s Stock Report Plus lists down infrastructure stocks with high upside potential over the next 12 months, having an average recommendation rating of buy/strong buy/hold.

While it was an interim budget, on one count it gave more indications even than a full budget. That count is the path which interest rates may follow. If one goes by the reaction of the debt market and the benchmark G-sec yield, the probability of interest rates coming down has increased very sharply. In an economy like India, where cost of capital matters more than anything else, many sectors will see positive impact. But the strongest correlation is with banks, real estate, construction and infrastructure. Among these we take a look at construction and contracting companies as lower interest rates means more tailwinds to the existing one of higher demand. Not only does the overall demand have a correlation with interest rates but even their own operating matrix is such that lower interest rates benefit them. ET screener powered by Refinitiv’s Stock Report Plus lists down infrastructure stocks with high upside potential over the next 12 months, having an average recommendation rating of buy/strong buy/hold.

An important feature of the FPI flows in January this year was the divergent trends in equity and debt flows, analyst V K Vijayakumar who is Chief Investment Strategist at Geojit Financial Services said as he decoded the FPI trends.

The stock has been underperforming of late relative to its earlier run. In the last one month, the share price appreciated 9% and around 29% in the last 3 months.

In a market where bulls are ruling every corner of the street, and stocks are either fairly valued or overvalued. The big question is how does one take care of the basic aspect of buying good quality stocks at reasonable valuations. While in this market reasonable valuation might be difficult to find so it would be better to focus on finding quality business knowing full well that one is paying premium in euphoria. Just do a little hard work and ask some questions about the business one is going to be owning after one buys the stock. This is specially required if one is taking exposure to the companies in the mid-cap space as these stocks are prone to more price damage when there is a correction.

In a market where bulls are ruling every corner of the street, and stocks are either fairly valued or overvalued. The big question is how does one take care of the basic aspect of buying good quality stocks at reasonable valuations. While in this market reasonable valuation might be difficult to find so it would be better to focus on finding quality business knowing full well that one is paying premium in euphoria. Just do a little hard work and ask some questions about the business one is going to be owning after one buys the stock. This is specially required if one is taking exposure to the companies in the mid-cap space as these stocks are prone to more price damage when there is a correction.

Legendary investor James O'Shaughnessy says most investors who actively manage their portfolios lack the emotional and personality traits necessary to achieve long-term success.According to him, successful active investors should possess a very specific set of characteristics that can lead them to make successful investment decisions and amass wealth.

Legendary investor James O'Shaughnessy says most investors who actively manage their portfolios lack the emotional and personality traits necessary to achieve long-term success.According to him, successful active investors should possess a very specific set of characteristics that can lead them to make successful investment decisions and amass wealth.

Despite external headwinds, both the Nifty 50 and BSE Sensex recorded hefty gains, making 2023 their second-best year since 2017.

The unexpected Fiscal Deficit target for FY25, set at 5.1% of the GDP, pleasantly surprised the market, which had anticipated a higher figure. Keeping such an aggressive target has several positive implications for the market.

The stock has been underperforming of late relative to its earlier run. In the last one month, the share price appreciated 9% and around 29% in the last 3 months.

The banks have also stated that the newly formed company will have ten banks and financial institutions as its shareholders. They have not named other shareholders of the proposed company.

Debt mutual funds investing in long-term bonds could be among the top picks of fixed-income investors as the prospects of lower government borrowing could boost returns from such products. Here are 5 funds that could benefit from the recent Budget announcement. (Source: Value Research; Data as of January 31, 2024)

Equity markets ended higher this week, driven by buying in select heavyweight indices and a fiscally prudent Budget. 52 BSE500 stocks gained in double digits, with NBCC as the top gainer. In the midcap segment, Indian Bank, Delhivery, and HPCL rose in double digits. Power Grid topped the Sensex pack. All eyes will be on the RBI's policy meeting next week, with analysts expecting the Central bank to maintain key interest rates. Technical analysis suggests that Nifty may face resistance at 22100-22200 levels.

Robust U.S. economic data is confronting investors with an unexpected question: whether strong growth can keep driving stocks higher even if the Federal Reserve delivers less monetary-policy easing than the market had hoped.

Amazon.com founder Jeff Bezos will sell 50 million shares in the online retail and cloud services firm over the next one year, according to a company filing on Friday.

Treasury yields jumped, the dollar surged and world equities rallied on Friday after a blowout U.S. jobs report scuttled any lingering expectations of a near-term cut in interest rates and highlighted a strong economy.

Robust U.S. economic data is confronting investors with an unexpected question: whether strong growth can keep driving stocks higher even if the Federal Reserve delivers less monetary-policy easing than the market had hoped.

The stock rose 20% Friday to close at an all-time high of $474.99 per share. The gain added $197 billion to its market capitalization, the biggest single-session market value addition, eclipsing the $190 billion gains made by Apple Inc. and Amazon.com Inc. in 2022.

Solid quarterly results from Meta Platforms and Amazon.com helped boost the S&P 500 index and the Nasdaq Composite Index over 1%, while the blue-chip Dow Jones Industrial Average's gain was more muted.

Patanjali Ayurved has made a late bid to acquire debt-laden Rolta India with an all-cash offer of approximately ₹830 crore. This bid comes after Ashdan Properties was declared the highest bidder by banks last week. Patanjali Ayurved approached the National Company Law Tribunal in Mumbai, requesting lenders to consider its offer. The tribunal has put the onus on the committee of creditors to decide whether to entertain the bid since it emerged after the completion of the bidding process.

"While IIFL is going to meet investors on a non-deal roadshow, they may look to raise US dollar funds in both bond and loan," said a source. "Activity is picking up as global investors are showing interest in India credit after the Shriram Finance issue, which saw an order book of $3 billion for a $750 million issue and was priced within their guidance of 7%"

On Friday, the weighted average rate on tri-party repos closed at 6.32%, almost 20 basis points lower than the RBI's repo rate of 6.5%, Clearing Corporation of India (CCIL) data showed. In theory, overnight rates are supposed to be closely aligned with the repo rate, which is the rate at which the RBI lends to banks.

The average analyst price target on Adani Ports available on Bloomberg after the third quarter results stood at Rs 1,301.05, implying an upside of 3.1% over Friday's closing. Analysts said the company's record profit was driven by strong volumes and the growth outlook remains strong.