stock market

Stock market update

Stock market update: Second Term Calling…

The NDA led by the BJP came back to power for the second term on 23rd May 2019, this time with a bigger mandate as the BJP on its own won in excess of 300 seats. NIFTY touched an all-time high of 12,103 while SENSEX touched a high of 40,312. Both the NIFTY & SEXSEX …

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Vesuvius

Vesuvius India Ltd – Steel strength

Vesuvius India Ltd (VIL) is part of the Vesuvius Group of UK, a world leader in the molten metal flow engineering. Vesuvius, UK, holds 56% of VIL’s share capital. In India, VIL is the largest player in the steel flow control segment in the refractory industry with market share of about 50% and overall market …

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election results

All eyes on election results- Who will cross the magic figure?

All eyes will currently be on the outcome of the election results on 23rd May 2019. Markets have been volatile for the last month as 7 phase polling continues. Last month NIFTY touched an all-time high of 11,856 while SENSEX touched a high of 39,487. Historically it has been seen that election outcome turns out …

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Indian stock market

It’s the time to choose

Frontline indexes have been inching up over the last month as the NIFTY touched an all-time high of 11,761 while SENSEX touched a high of 39,270. Broader markets have recovered marginally but insignificant given the fall over the last year. Polling for general elections is underway from 11th April & we expect markets to be …

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share buyback

The share buyback spree continues…

A share buyback occurs when a company purchases some of its shares in the open market and retires these outstanding shares. This can be a great thing for shareholders because after the share buyback, they each will own a bigger portion of the company, and therefore a bigger portion of its cash flow and earnings. Big technology companies such as Infosys, TCS, Wipro, Tech Mahindra & HCL …

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cautiously optimistic 2019

Remain cautiously optimistic in 2019

Positive profit growth outlook, steady mutual fund flows, reasonable valuations & macro-economic indicators remaining stable augurs well for the markets. Short term investors should remain cautious as markets could be extremely volatile in the next couple of months but any intermittent volatility should be used as an opportunity by patient investors with medium to long term outlook to accumulate good quality stocks.

Equity markets

Equity markets in election mood

Equity markets have largely been range bound over the last month between 10,200 and 10,800. Though frontline stocks have largely been in a range, mid & small cap stocks have continued on the downward trend. This has been specially been happening in PSU stocks. With Congress doing better than expected in the just concluded state …

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suprajit engineering

Suprajit Engineering Ltd- Consolidating Leadership

Suprajit Engineering Ltd is the largest manufacturer of cables in India other than manufacturing instrument panels catering to most of the automotive OEMs. Through Phoenix Lamps it is also the market leader in automotive lighting in India. The product range includes automotive cables for brake, clutch, throttle, starting, gear shift, choke, speedometer, tachometer, window regulator, …

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SAMVAT

SAMVAT 2075…the mega sale is on

The Year that was… SAMVAT 2074 was a bad year for the markets as NIFTY was largely flat yoy. Markets were supported by domestic liquidity due to strong monthly inflows into equity mutual funds. Net inflows into equity MF in last 12 months were to the tune of Rs.1,20,000 cr. FIIs in contrast have been …

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Equity markets

Panic sets in equity markets…

Equity markets have corrected over 10% the last month with USD-INR hitting new highs and crude prices scaling multi year highs. Rupee depreciated to above Rs.74/$ for the first time on 5th October 2018. Departing from the trend of the last few months, both large & mid-caps have declined last month driven by a sharp …

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