Market Bizzz

Sixteen companies, such as DLF, Bata India, and Sundaram Finance, set July 31 as the record date for determining dividend eligibility. Investors must purchase shares today to qualify. Additionally, various stocks, including Aarti Pharmalabs and CRISIL, will start trading on an ex-dividend basis from Wednesday.

As first quarter earnings season progressed, 91 companies, like IOC and Tata Consumer, disclosed results. Tata Consumer is expected to exhibit 13% revenue growth due to strong India foods business. However, profit estimates vary. The company’s EBITDA margin for the first quarter is projected to rise to 15.3% due to better gross margins.

Pramod Gubbi from Marcellus Investment indicated that despite high market valuations, pockets of value with predictable earnings growth exist. He discussed opportunities in private banks, autos, and specialty chemicals, emphasizing a bottom-up approach. Key triggers include global factors and economic changes affecting sectors and stocks. Investors should be discerning and focus on earnings potential.

​As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.

Raamdeo Agrawal, Co-founder of Motilal Oswal Group, underscored the significance of long-term investment in Indian equities, noting that market timing is difficult. He advised against trying to time the market, highlighted the benefits of holding investments, and discussed the roles of corporate earnings, tax rates, and government spending in wealth creation.

But as you move down the curve from Nifty to midcap, midcap to small, small to micro, that worry increases, where the bulk of the gains are valuation-led and not so much supported by earnings in the near term. Clearly, that is a zone where valuation excesses are more prevalent in micro caps and small caps. But large caps do offer quite a bit of valu

“The first quarter of the fiscal was a challenging one for the company. The long drawn seven phase general elections, severe heat wave across the country and higher attrition in select geographies posed a challenge to the quality of the portfolio,” managing director Shalabh Saxena said.

Additionally the company has also announced that each American Depositary Share (ADS) will still represent 1 equity share. As a result, the number of ADSs held by each American Depositary Receipt holder will increase in proportion to the increase in equity shares.

Sebi’s order relates to actions by L&T asset management company, which was acquired by HSBC Group last year in May and was merged with its asset management company in October 2023.