Overall, the country’s macro set-up is positive. The fundamentals of Indian corporates have improved significantly and so has the profitability across the board. This can be seen in the cumulative and rolling net profit of the NSE 500 universe for the last 4 quarters (till Q2FY24), which crossed the Rs 12 Lc Cr mark. Moreover, after a muted performance for several years, the ROE of the broader market is improving as well
One of the growing stainless-steel pipe and tube manufacturers and exporters in India, the company is involved in the production of stainless steel welded and seamless pipes & tubes. These are used in various industries incl. oil and gas, fertilizers, pharma, F&B, engineering & chemicals
Ram Mandir Stock. The Temple’s opening will attract huge pilgrim tourism. In 2022, Varanasi got 7.2 Cr visitors vs Goa’s 85 Lakh. Ayodhya will get many more. Experts say Praveg has a resort near the Ram Mandir where 75% occupancy has been pre-sold
SHAILAJA MOHAPATRA of Moneycontrol has revealed important information relating to the portfolio investments of Prashant Jain’s 3P India Equity Fund based on the Fund’s July to September factshee
Prashant Jain’s 3P INDIA EQUITY FUND holds 960,000 shares of Senco Gold constituting 1.24% of its equity as of 30th September 2023. The investment is worth Rs 69.8 crore at the CMP of Rs 721. SBICap has issued a research report explaining the fundamentals of Senco Gold and recommending a buy for the target price of Rs 920 which is an upside of 27%.5
Sunil Singhania’s (Abakkus) aggressive purchase of Shriram Pistons appears to be because of its EV prospects. The Co is a small-cap with low free float. It is a market leader in piston rings and engine valves. It has low debt, high RoE and high EBITDA margin
Archean Chemical Industries Ltd. (ACIL) offers multiple MOATS which are expected to translate into key growth drivers going forward as the company slowly ramp-up its Bromine Derivative capacity along with its traditional secured Salt business and soon-to-be-revived Sulphate of Potash busines
Stylam Industries Demand to revive soon; expansion on track We recently met Stylam’s promoter, Jagdish Gupta, MD, and Kishan Nagpal, CFO, during a visit to their manufacturing plant, which is Asia’s largest single location manufacturing facility in Chandigarh. The management senses a revival in export market demand and expects an uptick in domestic demand soon. […]
Option chain data for next weekly expiry is indicating a trading range of 21,000-22,000 zones. On the call side, 22,000 is the strike with highest OI. Majority of call writing was witnessed at this level; indicating resistance. On the put side, 21,000 is the strike with highest OI. As per the data, net call-put writing is indicating significant unwinding of call writers; which is a bullish indicator. Expect the expiry to be positive as long as 21,000 is sustained
Our prognosis is a culmination of triangulation model which projects Nifty CY24 target of 24700 while key support is placed at 18900. Sectoral leadership and our bottom up stock analysis indicate glaring resemblance with CY04-CY07 bull run
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