After Brexit and Rexit, 'Nexit' trends on Nikesh Arora's exit

#Niveza #Review on #Nikesh #Arora's #Exit ::

Stepping down of COO Nikesh Arora is one of the worst nightmare even SoftBank Group can have. Entire SoftBank Group surged off after the news. The tenure period of the giant was phenomenal. He was first person given designation of President in 35 years period of SoftBank. He was one of the highest paid global executive who has led SoftBank's investment in India in eCommerce firm Snapdeal, ride-hailing service Ola, real estate website Housing.com.

Source :: Multibagger Stock Ideas

 

#Niveza #Review on #Mahanagar #Gas #IPO ::

It was really better response on first day for Mahanagar Gas considering the hanging knife of Britain exit on 23rd June. The valuation is decent for the company.At upper band of Issue price of INR 421, MGL stock is likely to trade at FY16 PE multiple of 13.5x. Going forward MGL is likely to witness growth on account of a) anticipated growth in the number of CNG operated vehicles (cost effectiveness of CNG) b) growth in the number of households in areas of operation and (iii) commencement of gas supply to Raigad district consumers. MGL's stock is offered at reasonable valuations given its secular growth potential, debt free - cash generating - high ROE business model.

Source : STOCK MARKET TIPS

 

Equity Markets News today ::

1.)Indian equity markets were on the uphill during the month of May with large cap indices gaining between 3.95-4.14%. The broader market in India also performed at par in relation with the main indices. BSE mid cap index gained 2.93%, while BSE small cap index gained 1.11% during the month.

2) For the month of May, sectors like Infra, Banks, Autos and Realty outperformed the key benchmark indices, whereas sectors like Pharma, Telecom, Energy, Metals and Utilities underperformed as per market sentiments and expectations.
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