Synopsis The company anticipates order inflow of around Rs 70,000 crore over the next two years compared with the previous forecast of Rs 50,000 crore. The revised outlook reflects a new order prospect of Rs 30,000 crore for the Quick Reaction Surface to Air Missile (QRSAM) from the Army and Air Force, expected to materialize … Read more
Retailer and hypermarket operator Trent and state-owned Bharat Electronics are likely to replace LTI Mindtree and Divi’s Laboratories in the forthcoming rejig in the Nifty index, according to an estimate by Nuvama Alternative & Quantitative Research. The possible changes would lead to an inflow of $429 million or Rs 3,500 crore into Trent and $ … Read more
Global brokerage firm Nomura initiated coverage on PSUs Hindustan Aeronautics (HAL) and Bharat Electronics (BEL) with a ‘buy’ rating and a target price of Rs 4,750 and Rs 300, respectively. This signals an upside potential of 23% for HAL and 30% for BEL from their current market price. The brokerage firm bets on HAL for … Read more
Mumbai: Domestic mutual funds reduced their exposure to many public sector stocks in the March quarter following a sharp rally in the pack over the past year. Of the 25 public sector undertakings (PSUs) that published their shareholding for the March quarter, 11 saw a decline in mutual fund holdings, while only three stocks saw … Read more
Indian market is likely to head higher on Wednesday tracking positive global cues. The Nifty future closed negative with losses of 0.07% at 22733 levels on Tuesday. India VIX was down by 2.02% from 11.61 to 11.36 levels. On the weekly options front, the maximum Call OI is placed at 23000 and then towards 22700 … Read more
“If we analyse the call put concentration data also, the put writers are aggressive at 22,400, 22,500 strikes so that clearly shows that base is now shifted higher and 22,400 is likely to act as a support area for any kind of minor dip if we get in the markets,” says Rajesh Palviya, Axis Securities. … Read more
State-run NTPC, NHPC and NLC India will see their weights go up on the Nifty CPSE following a semi-annual rejig in the index, effective from Thursday, March 28. The adjustment will likely trigger passive cumulative inflows of $94 million according to estimates by Nuvama. A lion’s share will be contributed by NTPC ($71 million) followed … Read more
