Posts tagged All News
Moody’s, Fitch cut outlook on Adani firms (26-11-2024)
Ratings agency Moody’s said on Tuesday that it has cut the outlook on the ratings of seven Adani entities to ‘negative’ from ‘stable’, citing the US indictment of chairman Gautam Adani and others on alleged bribery charges, while Fitch Ratings put some bonds of the conglomerate on negative watch. Moody’s affirmed the ratings on all seven entities — Adani Ports and Special Economic Zone Ltd, two limited restricted groups of Adani Green Energy Ltd, Adani Transmission Step-One Ltd, Adani Transportation Restricted group 1 (AESL RG1), Adani Electricity Mumbai Ltd and Adani International Container Terminal Pvt Ltd.
Microcap momentum portfolio (26-11-2024)
@Manish_Kumar7 It can definitely be used for any market cap. With an index defined by the exchange like NSE Microcap 250, the contours of the universe are clear.
With market caps between, for example, 500cr to 2000cr, the universe is very variable and monitoring it on a regular (weekly) basis is not very easy. For example, if you type this market cap in screener.in, you will come up with over 700 companies as of today. This will keep changing and monitoring the universe becomes difficult.
I tried to create a universe with market between 1000 and 3000cr. With this, we come up with close to 500 companies. To reduce the list, I added a factor, namely ROCE. With a figure of ROCE > 20%, the list came down to 143.
I used a list like this and checked it with the same formula we used for our other pfs. It worked well and even this week, I came up with some stocks like PIXTRANS and PDMJEPAPER that are showing good momentum.
So, the system can work with any market cap.
Microcap momentum portfolio (26-11-2024)
@Manish_Kumar7 It can definitely be used for any market cap. With an index defined by the exchange like NSE Microcap 250, the contours of the universe are clear.
With market caps between, for example, 500cr to 2000cr, the universe is very variable and monitoring it on a regular (weekly) basis is not very easy. For example, if you type this market cap in screener.in, you will come up with over 700 companies as of today. This will keep changing and monitoring the universe becomes difficult.
I tried to create a universe with market between 1000 and 3000cr. With this, we come up with close to 500 companies. To reduce the list, I added a factor, namely ROCE. With a figure of ROCE > 20%, the list came down to 143.
I used a list like this and checked it with the same formula we used for our other pfs. It worked well and even this week, I came up with some stocks like PIXTRANS and PDMJEPAPER that are showing good momentum.
So, the system can work with any market cap.
Market Trading Guide: Bharat Dynamics, Birlasoft are among 4 stock recommendations for Wednesday (26-11-2024)
Indian benchmark indices closed lower on Tuesday, breaking the two-day winning streak. The Nifty is trading in a range between the 21-EMA and 55-EMA. Short-term trend remains positive, with 23,950-24,000 acting as support and 24,500 as resistance. A decisive move above 24,500 could trigger a further rally.
Enviro Infra IPO sees return of HNIs in big way (26-11-2024)
Offer subscribed 90x as QIBs and HNIs bid aggressively
FIIs reverse selling trend with purchase of domestic equities worth Rs 11,100 crore in two sessions (26-11-2024)
Foreign investors have reversed their selling trend and bought Indian equities worth Rs 11,100 crore in the last two sessions. This comes after 38 consecutive sessions of selling. The BJP’s victory in Maharashtra elections and a possible pause in US Fed rate hikes have boosted investor sentiment. However, domestic institutional investors (DIIs) remain net sellers.