“So, given that kind of environment, I believe that Indoco Remedies is a stock which is going very cheap, available at cheap valuations and the management is pretty well embedded in the business, they have been around for 30 years,” says Vinit Bolinjkar, Ventura Securities.A view on the pharma space in AstraZeneca, Lupin, Laurus, Zydus … Read more
Mid-cap and small-cap indices have been on a blistering run so far in 2024, breaking new records and defying cynics. But beneath the surface, the optimism may not be as widespread as the benchmarks show. In the Nifty Midcap 150 and Smallcap 250 indices, 20 stocks have contributed to roughly 50% of the respective index’s … Read more
After recording double-digit gains last week, defence stocks rallied up to 19% on Tuesday morning with Paras Defence and GRSE topping the list. The shares of Paras Defence zoomed 19% to hit a fresh 52-week high of Rs 1,373.80 on BSE amid a block deal of 3.29 lakh shares, while PSU defence stock GRSE was … Read more
PSU stocks Cochin Shipyard and Bharat Dynamics witnessed a sharp fall by 10% to Rs 1,630.55 and Rs 1,293.35 respectively as the BSE PSU index fell by 4% soon after markets opened on Wednesday following the disappointing Lok Sabha election results. The index ended nearly 16% lower on Tuesday as the Narendra Modi-led BJP failed … Read more
Shares of defence stocks crashed 11% on BSE today as early counting trends showed that the ruling NDA may get lower than expected seats in the Lok Sabha elections. Shares of Mazagon Dock fell a little over 11% to day’s low of Rs 2,898.25 while Bharat Dynamics and BEL shares fell by 9.8% to their … Read more
Shares of state-run Cochin Shipyard surged 10% to hit a new record high of Rs 2100 in Monday’s trade on BSE after the company reported multi-fold growth in its consolidated net profit to Rs 258.88 crore for the March 2024 quarter on account of higher income. It had clocked Rs 39.33 crore profit in the … Read more
The Indian market hit a fresh record high on Thursday amid short covering following RBI’s record dividend payout to the government that could lead to better fiscal position and softer bond yields. The S&P BSE Sensex rose nearly 1,200 points to hit a record high of 75,499 while the Nifty50 closed at 22,967. “There was … Read more
In the week gone by, 46 stocks in the BSE 500 index delivered double digit returns while 83 ended on the losing side. The 500-stock index which gained 2.1% on the week-on-week basis saw smallcap Aegis Logistics holding the top spot with nearly 30% returns. It was followed by multibaggers MOIL, Cochin Shipyard and Sterling … Read more
MUMBAI – Concerns over high valuations in the smallcap universe seems to have ebbed as stocks rallied in the week gone by and outperformed benchmarks by a wide margin. As many as 400 smallcap stocks gave double-digit returns of upto 52% in the week ended April 5, data by Ace Equity showed. Of these 400 … Read more
Indian market recouped morning losses and closed flat on Wednesday with a negative bias. The S&P BSE Sensex was down 27 points while the Nifty50 held on to 22400 levels. Sectorally, buying was seen in utilities, power, public sector and IT stocks while selling was seen in realty, auto, and FMCG. Stocks that were in … Read more
