Raymond Ltd., an Indian conglomerate, plans to list its apparel and real estate units by 2025 to boost shareholder value. The move aims to dismantle its conglomerate structure that led to subdued valuations. Raymond Lifestyle, known for men’s suits, will expand in the Indian and wedding wear market, with targets for significant growth and new stores.
Should you go for sugar stocks now? Dipan Mehta answers
Dipan Mehta, Director at Elixir Equities, comments on the sugar industry’s evolving prospects. He further mentions the government’s commitment to increased ethanol blending and improved pricing, contributing to the medium-term stability of earnings. Despite recent underperformance, the sector presents attractive valuations, appealing to investors looking for quality, low PE stocks.
F&O Radar| Deploy Bull Call Spread in Nifty to gain from upward bias
Nifty reaches a new high of 25,236, driven by sectors like Pharma, Tech, and Finance. Bank Nifty underperforms, showcasing a specific rally. Market breadth indicates stock-specific action, with resistance levels at 25,536 and 25,610. Experts suggest a cautious approach with a Bull call spread strategy.
3 stocks with White Marubozu Pattern on August 30
It occurs when the opening price is the lowest for a given period, and the closing price is the highest.
NBCC announces issue of bonus shares in 1:2 ratio; to use Rs 90 crore free reserve for this purpose
State-owned NBCC (India) Ltd has approved the issuance of bonus shares in a 1:2 ratio, utilising Rs 90 crore from free reserves. The company will distribute 90 crore bonus shares, with October 7, 2024, set as the record date. This move aims to boost shareholder value and reflects the company’s strong financial position.
FPIs remain net buyers of Indian equities at Rs 7,320 crore in August
In August, Foreign Portfolio Investors (FPIs) were net buyers of Indian equities at Rs 7,320 crore, increasing their 2024 total to Rs 42,886 crore. FPIs’ recent activity shows a fluctuating trend, with notable purchases in July and February-March, and sales in April-May and January.
Dalal Street Week Ahead: Market uptrend strong; stay selective and cautious
The month ended as well; Nifty posted a monthly gain of 284.75 points (+1.14%) The markets are in a strong uptrend; however, once again it has created a situation wherein they have sharply deviated from their mean.
Dow notches record high close after upbeat economic data
The personal consumption expenditures report came on Friday after Fed Chair Jerome Powell last week expressed support for an imminent policy adjustment. Economic data next week includes the Labor Department’s August jobs report, due on Friday.
Dalal Street bulls scale new peaks
The Nifty gained 0.3%, or 83.95 points, to close at 25,235.9. The Sensex rose 0.3%, or 231.16 points, to close at 82,365.77. Analysts expect the indices to gain up to another 2% on technical factors but warn against betting on one-sided moves in the near term amid continued concerns that parts of the market might be overheated. The outcome of the rate-setting meetings of US Fed and the Bank of Japan scheduled in September will determine the market direction next month.
Sebi revises criteria for entry, exit of stocks in F&O segment
“Given the need to ensure that only high quality stocks with sufficient market depth are allowed to trade in derivatives segment and considering the growth witnessed in market parameters since the last review conducted in 2018, the eligibility criteria for entry and exit of stocks in derivatives segment has been revised,” Sebi said in a circular on Friday.