We usually do not take big cash calls. In our existing Flexicap fund, the usual cash levels are 1 to 5%. We had about 7% cash and have deployed much of it in the fall. We were however fortunate as we just collected monies in our smallcap NFO, which we substantially deployed this month.
Posts tagged All News
Stocks to Buy Today: Wipro, Syngene among top 6 trading ideas for 27 November 2024 (27-11-2024)
Indian markets are expected to trade higher on Wednesday, following positive global cues. Nifty futures closed 0.28% lower on Tuesday, with key support levels at 24,150 and 24,000. Experts recommend short-term buys in stocks like Wipro, City Union Bank, Kaynes, Metropolis Healthcare, Syngene, and BirlaSoft, with specified target prices and stop losses.
Reliance Power shares in focus after relief from High Court on SECI notice (27-11-2024)
Shares of Anil Ambani-led Reliance Power are likely to attract attention on Wednesday after the Delhi High Court granted the company relief by staying the SECI notice of debarment against it. The court’s order also applies to all of the company’s subsidiaries, except Reliance NU BESS Limited (formerly Maharashtra Energy Generation Limited), according to the company’s exchange filing.
CG Power & Industrial Solutions – Capable management, good business & industry tailwinds (27-11-2024)
GG Tronics (subsidiary company) wins 500-600 cr Kavach order to be executed in 1 year
Niyogin Fintech shares in focus after Morgan Stanley acquires stake via block deal (27-11-2024)
Niyogin Fintech’s shares are in focus after Morgan Stanley acquired over 6.7 lakh shares for Rs 3.74 crore in a block deal. The stock surged 15% on Tuesday but has underperformed over the past year, down 14%, with a 33% decline this year. Despite the correction, the stock remains in an overbought zone, showing volatility.
Waaree Energies shares in focus after securing 600 MWp solar module order (27-11-2024)
Waaree Energies’ shares will be in focus after securing a 600 MWp solar module supply order for a renewable energy firm in India. The modules, set for delivery in FY2025-26, align with India’s clean energy goals. Waaree’s high-efficiency modules, known for durability and technology, will be supplied.
Buy Transport Corporation of India, target price Rs 1,290: Motilal Oswal Financial Services (27-11-2024)
Motilal Oswal recommends buying Transport Corporation of India (TCI) stock, targeting a price of Rs 1,290. TCI, a multimodal logistics provider, reported strong Q2 financials with increased total income and net profit. The brokerage projects a 15%/19%/18% CAGR in revenue/EBITDA/PAT over FY24-27, driven by TCI’s diverse offerings and established infrastructure.
Adani, nephew not charged under US Foreign Corrupt Practices Act: Adani Green (27-11-2024)
The US Department of Justice has charged Adani Group executives with financial crimes. The charges relate to an alleged bribery scheme in India. The executives are accused of securities and wire fraud conspiracy. They are not facing charges under the Foreign Corrupt Practices Act. The Adani Group denies the allegations and plans to fight the charges.