Market Update and Corporate Buzz: Insights into Stocks and More
Market Snapshot:
- Sensex: 72,708.16 ▲ 0.39%
- Nifty: 22,122.25 ▲ 0.37%
Market Trends:
- Consumer Durables: Noteworthy rise in consumer durables stocks, reflecting increased investor interest in non-day-to-day goods like fridges, TVs, and ACs.
- Realty Stocks: Experienced a decline, indicating a challenging period for the real estate sector.
Regional Market Performance:
- Majority of Asian markets, excluding Japan and Hong Kong, closed positively, showcasing a broader positive sentiment in the region.
Corporate Highlights:
- Vehicle Sales in States: Uttar Pradesh leads in vehicle sales for Oct-Dec 2023, followed by Maharashtra, Gujarat, and Tamil Nadu, according to SIAM.
- Joint Venture: TVS Mobility to form a joint venture with Mitsubishi Corp.
- RBI License: Mswipe Technologies, a digital payments platform, granted a payment aggregator (PA) license by RBI.
- Funding Success: Pure EV, an electric 2-wheeler company, raises $8 million from multiple investors.
Stocks in the News:
- Power Grid: Board approves Rs 656 cr investment for nationwide electricity transmission projects.
- NHPC: PM Modi inaugurates foundation laying ceremony for a 300 MW solar power plant in Rajasthan.
- NBCC: Secures Rs 331.9 cr contract from Rani Lakshmi Bai Central Agricultural University.
- Titagarh Rail: Awarded Rs 170 cr contract by the Ministry of Defense for 250 specialized wagons.
- One97 (Paytm): Nodal account transferred from Paytm Payments Bank to Axis Bank.
- IREDA: Collaborates with PNB for jointly financing green energy projects.
- Coal India: Plans to participate in mining ministry auctions for 3 critical minerals blocks in February.
Word of the Day:
- Special Economic Zones (SEZs): Designated areas with special exemptions and incentives, aiming to promote investment and exports by providing well-developed infrastructure.
Featured Question: “Can a company create shares as per they wish? How will they compensate the existing shareholder whose share value in terms of company ownership got decreased due to the new shares?”
- Yes, a company can create shares, but it requires board approval and often involves regulatory scrutiny.
- The decision to create new shares is not arbitrary and must be for the benefit of all shareholders.
- Companies typically raise money through new shares for business operations, expansion, or debt repayment.
- Existing shareholders may be compensated through the expected benefits of the capital raised, but reactions can vary among investors.
Course Highlights:
- This week’s course theme: “Things to Ignore When Picking Stocks.”
- Day 1: Discussed the limitation of giving undue importance to 52-week high or low, emphasizing that it doesn’t predict the future movement of a stock.
Stay tuned for more insights and updates! 📈📊
Grid
quant Small Cap Mutual Fund’s Significantly increased allocation in Adani Power, IRFC etc. • Completely exited 5 stocks including Adani Green, Metropolis etc. • Significantly decreased position in TV18, Rain Industries etc. #StockMarket #FinancialNews #Investment quant Small Cap Mutual Fund’s Significantly increased allocation in Adani Power, IRFC etc. • Completely exited 5 stocks including Adani Green, Metropolis etc. • Significantly decreased position in TV18, Rain Industries etc. #StockMarket #FinancialNews #Investment
quant Small Cap Mutual Fund's Significantly increased allocation in Adani Power, IRFC etc.• Completely exited 5 stocks including Adani Green, …
*HAL* to participate in the Defence Ministry RFP for 156 LCH Prachand helicopters (90 for the Indian Army and 66 for the Indian Air Force). StockMarket #FinancialNews #Investment *HAL* to participate in the Defence Ministry RFP for 156 LCH Prachand helicopters (90 for the Indian Army and 66 for the Indian Air Force) StockMarket #FinancialNews #Investment
*HAL* to participate in the Defence Ministry RFP for 156 LCH Prachand helicopters (90 for the Indian Army and 66 …
THERMAX LTD recieve an order worth Rs. 513 Crore from Jindal Energy Botswana Pty Ltd StockMarket #FinancialNews #Investment THERMAX LTD recieve an order worth Rs. 513 Crore from Jindal Energy Botswana Pty Ltd StockMarket #FinancialNews #Investment
THERMAX LTD recieve an order worth Rs. 513 Crore from Jindal Energy Botswana Pty Ltd StockMarket #FinancialNews #Investment THERMAX LTD …
The due date to file income tax returns for 2023-24 is July 31. Missing this deadline can result in late fees, interest, penalties and delay in refund processing.* StockMarket #FinancialNews #Investment #Trading The due date to file income tax returns for 2023-24 is July 31. Missing this deadline can result in late fees, interest, penalties and delay in refund processing.* StockMarket #FinancialNews #Investment #Trading
The due date to file income tax returns for 2023-24 is July 31. Missing this deadline can result in late …
BREAKING Nirmala Sitharaman to present Budget on July 23. StockMarket #FinancialNews #Investment BREAKING Nirmala Sitharaman to present Budget on July 23 StockMarket #FinancialNews #Investment
BREAKINGNirmala Sitharaman to present Budget on July 23. StockMarket #FinancialNews #Investment BREAKING Nirmala Sitharaman to present Budget on July 23 …
QUICK HEAL PARTNERS WITH NEWJAISA TECHNOLOGIES BRIDGING CYBERSECURITY GAPS IN REFURBISHED ELECTRONICS MARKET QUICK HEAL PARTNERS WITH NEWJAISA TECHNOLOGIES BRIDGING CYBERSECURITY GAPS IN REFURBISHED ELECTRONICS MARKET
QUICK HEAL PARTNERS WITH NEWJAISA TECHNOLOGIES BRIDGING CYBERSECURITY GAPS IN REFURBISHED ELECTRONICS MARKET QUICK HEAL PARTNERS WITH NEWJAISA TECHNOLOGIES BRIDGING …
