Tag: Market news

KKR to exit Max Health, may sell up to 26.83% stake via block deal

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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US private equity major KKR may exit Max Health via share sale of its entire 26.83 percent stake via block deal on August 16. It is likely to raise Rs 9,416.5 crore through the transaction.

The company would be offloading a total of 26.7 crore shares it holds in Max Healthcare, at a price band of Rs 350-361.9 per share, as per the deal terms released on August 15.

#KKR looks to exit Max Health via share sale of its entire 26.83% stake via #block deal on August 16 in a price band of Rs 350-361.90/share, sources say#Blockdeal #sharesale pic.twitter.com/yVBCgZhMIB

— CNBC-TV18 (@CNBCTV18Live) August 15, 2022

The stake sale, via a block deal, will be executed through Kayak Investment, which is the KKR-affiliated entity that has invested in the healthcare company.

The base offer is for around 20 percent stake or 19.3 crore shares, and the upsize option is for the remaining 6.83 percent stake or 6.6 crore shares, it added. The total deal value is estimated to be of approximately Rs 9,416 crore at the upper end.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Closing Bell: Sensex gains 125 points, Nifty50 reclaims 16,250 as D-Street continues upmove after a day’s breather

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Indian equity benchmarks resumed their upmove on Monday after a day’s breather helped by buying in IT and select financial shares, as Dalal Street overlooked weakness in global markets. Losses in metal and PSU bank stocks, however, kept the upside in check. Weakness in broader markets also hurt investors’ sentiment.

The S&P BSE Sensex index closed 125.13 points or 0.23 percent higher at 54,402.85, and the broader NSE Nifty50 benchmark settled at 16,258.25, up 20.05 points or 0.12 percent from its previous close.

During the session, the 30-scrip gauge came within 132.51 points of an all-time high of 54,717.24 registered last week.

Among blue-chip stocks, M&M, Tech Mahindra, Axis Bank, Bajaj Finserv, IndusInd Bank, Cipla, Nestle, Dr Reddy’s and Infosys, closing between 0.86 percent and 2.23 percent higher, were the top gainers.

On the other hand, Tata Consumer, Coal India, Adani Ports, Bharti Airtel, SBI Life, JSW Steel, Hindalco and Tata Steel, finishing with cuts of between 1.42 percent and 1.98 percent, were among the 27 laggards in the Nifty50 index.

Infosys, ICICI Bank and Axis Bank were the biggest movers for Sensex.

Broader markets underperformed their larger counterparts, with the Nifty Midcap 100 and Smallcap 100 indices dropping 0.73 percent and 0.91 percent respectively.

IRCTC, IPCA Labs, Laurus Labs, BASF and PVR — rising between 3.49 percent and 7.80 percent — were among the top gainers in broader markets. On the other hand, Dhani Services, SAIL, Balkrishna, Nalco and Future Retail, settling between 4.50 percent and 11.68 percent lower, were among the top losers.

“There is froth in the broader markets. Large-caps are likely to outperform mid-small-caps in the coming days,” said VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services.

Mahindra & Mahindra shares rose 2.18 percent after the management’s positive commentary on the tractor segment. Last week, Mahindra & Mahindra and Mahindra Vehicle Manufacturer reported a nearly 24 times year-on-year jump in net profit to Rs 934 crore for the June quarter, though missing Street estimates.

MRF shares ended 0.87 percent higher at Rs 79,850 apiece on BSE after the tyre maker reported a 12 times jump in net profit for the April-June period.

PVR and IRCTC shares jumped after the Maharashtra government eased Covid-19-related restrictions.

Nalco shares tumbled by Rs 10.95 to Rs 82.70 apiece on BSE after the PSU aluminium company reported a weak set of quarterly earnings.

Analysts awaited more quarterly earnings from India Inc for cues.

Crude oil prices fell 4 percent, extending the steep losses last week, amid concerns that new Covid-related restrictions in Asia, especially China, could slow a global recovery in fuel demand. Brent crude futures were last seen trading lower by $2.82 at $67.88 per barrel on Monday after logging their biggest weekly loss in four months.

Lower oil prices are positive for countries such as India, the world’s third biggest crude importer and consumer.

“Faster spread of infections in many countries including US and the consequent restrictions on movement have softened crude prices pushing Brent crude below $70. This will further strengthen India’s improving macros,” said Vijayakumar.

Overall market breadth favoured bears with an advance-decline ratio of 1:2, as 858 stocks rose on NSE against 1,771 that fell. On BSE, 1,379 scrips advanced while 2,168 declined.

Meanwhile, equities in other Asian markets wobbled amid thin trade. MSCI’s broadest index of Asia-Pacific shares outside Japan declined 0.5 percent.

European share markets started the day on a weak note, as the dollar reached four-month highs on the euro after an upbeat US jobs report lifted bond yields.The United Kingdom’s FTSE benchmark was down 0.34 percent in early trade.

S&P 500 futures traded 0.12 percent lower, indicating a sluggish opening on Wall Street later in the day.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Opening Bell: Sensex up 108 points, Nifty tops 16,250 mark; financial, IT stocks lead gains

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Sensex, Nifty50 extend record-breaking run; here are key factors driving D-Street

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Indian shares scaled new peaks on Wednesday, with the 30-share benchmark S&P BSE Sensex index closing above the 54,350 mark for the first time ever. The broader 50-share NSE Nifty50 gauge came within 10 points of the 16,300 level during the session.

Dalal Street continued its record-breaking spree for a second straight day tracking gains across global markets. Strong buying interest in banking and financial services stocks helped the market surge.

The 30-scrip BSE index ended 546.41 points or 1.02 percent higher at 54,369.77 and the broader Nifty50 benchmark rose 128.05 points or 0.79 percent to settle at 16,258.80 — both record closing highs. During the session, Sensex and Nifty50 scaled fresh all-time highs of 54,465.91 and 16,290.20 respectively.

HDFC, HDFC Bank, Kotak Mahindra Bank, ICICI Bank, SBI, Axis Bank, Cipla and Dr Reddy’s — ending between 1.07 percent and 4.59 percent higher — were the top gainers.

On the other hand, Grasim, Titan, Tata Motors, Adani Ports, Hindalco, Bharat Petroleum and Nestle, closing between 1.29 percent and 2.47 percent lower, were the worst hit among the 31 laggards in the Nifty50 universe.

The HDFC twins, ICICI Bank and Kotak Mahindra Bank were the biggest boosts for Sensex, together contributing more than 500 points to the gain in the 30-scrip gauge.

SBI shares ended 2.37 percent higher at Rs 457.05 apiece on BSE, after the country’s largest lender reported a net profit of Rs 6,504 crore for the quarter ended June 30, beating Street estimates. Analysts in a CNBC-TV18 poll had forecast a net profit of Rs 6,374.5 crore. (Read more)

Mortgage lender HDFC was the top Nifty50 gainer for a second consecutive session after its Q1 net profit beat analysts’ estimates.

Dabur shares saw profit booking, ending 4.23 percent lower at Rs 588 apiece on BSE, after posting better-than-expected earnings for the April-June period.

What’s driving the Street?

Analysts say optimism on corporate earnings and coronavirus vaccinations aided investors’ confidence.

“The market is driven by momentum and the exuberance of retail investors. It appears that new money is ruling the roost while smart money is skeptical with fundamentals taking a back seat,” VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, told CNBCTV18.com.

Dalal Street took positive cues from global peers, as equities in Asia rose to the highest in one week following overnight gains on Wall Street on upbeat earnings.

“Hopes that India will be a beneficiary of the recent troubles faced by China are keeping sentiments upbeat. While valuations seem high, there is no point in anticipating a top, but rather wait for signs of medium-term change in trend,” said Deepak Jasani, Head of Retail Research, HDFC Securities.

Broader markets underperformed the headline indices. NSE’s midcap and smallcap indices finished 1.19 percent and 1.01 percent lower respectively.

Godrej Industries, AU Bank, M&M Financial Services, PNB Housing and Trident — settling with gains of between 3.11 percent and 4.99 percent — were the top gainers in broader markets. On the other hand, Vodafone Idea, PI Industries, Indiabulls Housing Finance, Birla Corp and KSCL — falling between 5.12 percent and 18.92 percent — were among the laggards.

The road ahead

Analysts awaited more quarterly earnings from India Inc and the outcome of the RBI’s monetary policy review for cues.

“The trend of corporate results, progress of monsoon, monetary policies followed by central banks across the globe are some factors to look forward to in the near term,” Jasani added.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Closing Bell: Sensex rises 364 points, Nifty reclaims 15,850; Titan jumps

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Indian equity benchmarks rose on Monday as auto stocks were in high demand on monthly sales reports that suggested a recovery in the sector. Gains in IT and select banking stocks also boosted the market while a pickup in fuel demand lifted energy companies.

The S&P BSE Sensex index ended 363.79 points or 0.69 percent higher at 52,950.63 and the broader NSE Nifty50 benchmark settled at 15,885.15, up 122.10 points or 0.77 percent from its previous close.

Among blue-chip stocks, Titan, Shree Cement, BPCL, Adani Ports, Eicher Motors, Indian Oil, Grasim, Britannia and Mahindra & Mahindra, ending between 1.87 percent and 3.58 percent higher, were the top gainers. On the other hand, UPL, Tata Steel, Bajaj Finserv, Bajaj Finance and Tech Mahindra were the worst hit among the 13 laggards in the Nifty50 universe.

Reliance Industries, Infosys, TCS and HDFC were the biggest boosts for Sensex, together contributing more than 250 points to the gain in the 30-scrip index.

Most auto stocks jumped as monthly sales data cemented hopes of recovery a fallout from the pandemic. Maruti Suzuki posted a 50 percent jump in July sales. Tata Motors reported a 92 percent surge in total domestic sales and Bajaj Auto’s sales rose 44 percent.

“A recovery is seen in July auto sales and an improved outlook for real estate due to a surge in property registrations helped these sectors trade higher. The  $1 trillion infrastructure spending package in the US provided better prospects to the core economy, aiding global markets to start the month on a strong footing,” said Vinod Nair, Head of Research at Geojit Financial Services.

The Nifty Auto index — which tracks shares of 15 auto and auto ancillary companies — closed with a gain of 1.34 percent.

Bharat Petroleum rose 3.05 percent, Indian Oil 2.62 percent, ONGC 1.86 percent and Reliance Industries 1.63 percent, helping the 10-scrip Nifty Energy index settle 1.56 percent higher for the day. Preliminary sales data showed that the country’s daily gasoline consumption exceeded pre-Covid levels last month as states relaxed lockdowns to curb the spread of the pandemic.

“Encouraging domestic cues, i.e. an uptick in GST collections and improved auto sales, boosted sentiment, triggering a firm start to the week. However, a lack of decisiveness in the banking pack capped the upside as the session progressed,” said Ajit Mishra, VP-Research at Religare Broking.

The Nifty Bank gauge finished 0.36 percent higher for the day, having risen as much as 0.80 percent during the session.

Broader markets outperformed the headline indices, with the midcap gauge hitting a record. Nifty Midcap 100 rose 1.56 percent to end at a record closing high. The smallcap index also spiked, ending with a gain of 0.91 percent.

Bliss GVS, Oberoi Realty, Future Consumer, Crisil, Allcargo and Prestige Estate — ending between 7.19 percent and 7.84 percent higher — were among the top gainers. On the other hand, Aegis, Balrampur Chini, Equitas, JM Financial, CCL and TeamLease — ending between 2.78 percent and 3.81 percent lower — were among the top laggards.

Equities in other Asian markets recouped some of their recent steep losses on Monday as beaten-down Chinese markets drew retail bargain hunters. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.8 percent, having hit its low for the year so far last week. Japan’s Nikkei bounced back 1.8 percent, but that was from its lowest since January.

European equity markets began the day on a strong note, with the United Kingdom’s FTSE benchmark trading 0.99 percent higher in the first few hours of trade.

France’s CAC and Germany’s DAX indices were up 0.84 percent and 0.19 percent respectively.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

NSE trading outage: When similar snags impacted traders around the world

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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On Wednesday, the National Stock Exchange (NSE) halted trading in the morning hours, following a glitch that froze stock prices. Trading came to a grinding halt at 11:40 am with traders and investors taking to social media to discuss the technical snag. Four hours later, India’s largest stock exchange reopened for extended trading from 3.45 pm to 5 pm.

In the recent past, NSE faced technical glitches in June 2020 when its bank option segment prices did not reflect on the terminal linked to the exchange. Before that, in September 2019, the bourse’s system suffered a trading outage towards the final minutes.

Such glitches have been reported from various other parts of the world too. Here, we take a look at some of them:

Australian Securities Exchange (ASX), November 16, 2020

The Australian Stock Exchange closed early due to a glitch after upgrades went live. This was the bourse’s worst outage since 2016. Trade began at 10 am local time, and at 10.24 am trading was halted. In the afternoon, the market said it would close for the rest of the day. It occurred while ASX was debuting its updated trading system with Nasdaq. The shutdown was the longest in over a decade for the ASX.

Tokyo Stock Exchange (TSE), October 2, 2020

The TSE shut down for an entire day, in its worst outage for 21 years. At 9 am local time, the TSE announced the shutdown and soon added that trading would remain suspended for the rest of the day. Japan Exchange Group, which operates TSE, said the shutdown was due to faulty hardware responsible for relaying market information. When the hardware failed, a backup failed to take its place.

Deutsche Börse Xetra, July 1, 2020

Germany’s electronic trading platform Xetra had to undergo a nearly three-hour outage. Trading was halted across Central Europe when exchange operator Deutsche Boerse’s T7 system, on which Xetra cash stock relies, was down due to a technical glitch. Trading in Vienna, Prague, Budapest, Ljubljana and Zagreb was also down. Before that, in April 2020, a similar outage had hobbled trading across Central European stock markets.

London Stock Exchange, August 16, 2019

This was the worst outage for the London stock market since 2011. A systems failure prevented trading in the shares of Britain’s biggest companies for over an hour and a half. Trading was due to begin at 8 am local time, but traders were left in limbo till 9.40 am as technical staff battled to solve the problem. The exchange didn’t reveal exactly what went wrong but just blamed “a technical software issue”.

New York Stock Exchange, April 25, 2018

Trading was suspended on the New York Stock Exchange in five stocks, including Amazon and Alphabet, for the rest of the day due to a technical glitch. The exchange said the suspension was due to a “price scale code” issue and any open orders in those securities would be cancelled. Apart from Amazon and both Alphabet, the other affected stocks were Booking Holdings, Zion Oil and Gas Equity Warrants.

New York Stock Exchange, July 8, 2015

Trading in all securities was halted after the exchange experienced a major technical glitch. The halt began at 11:32 am ET and stayed down for nearly four hours. Trading resumed at 3:10 pm ET. In an announcement, NYSE said that it was experiencing an internal technical issue and added that the glitch was not a result of a cyber breach.

London Stock Exchange, September 9, 2008

Trading was suspended for most of the day due to a computer glitch. This prevented traders from taking part in a worldwide stock market rally that followed the US government’s bailout of Fannie Mae and Freddie Mac, the two giant mortgage companies. Just an hour after the market opened, traders complained that they were unable to see prices or buy and sell shares. Trading resumed seven hours later, leaving just half an hour before the market closed for the day.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

GameStop’s ‘maniacal’ rally: Will it continue?

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Struggling video game retailer GameStop saw its stock gain nearly 1,000 percent in January, rocketing from a low of $18. The rally, described by Wall Street watchers as ‘maniacal’ was initially billed as a ‘David vs Goliath’ fight in which an army of faceless day traders managed to give a bloody nose to some powerful hedge funds, which had short sold the stock. Some market commentators saw this as an upending of the social order on Wall Street, and something which was likely to intensify in the days ahead.

The saga began with the announcement that Ryan Cohen, a co-founder of Chewy.com, an online pet store, had joined the video game’s board. According to the Associated Press, investors saw Cohen as someone who could push the digital transformation of GameStop, which has suffered massively due to the COVID-19 pandemic. But Cohen’s joining the board fueled the enthusiasm following which a group called “WallStreetBets” fought Wall Street funds that had pushed the GameStop stock lower.

The GameStop stock happened to be the most heavily “shorted” on Wall Street and the group noticed it. The discussion on the “WallStreetBets” group centred around the video game and they were seen pushing each other to continue buying GameStop, causing the rally. Melvin Capital, a well-established hedge fund, sustained massive losses on its bets that GameStop would fall, reported NDTV.

However, despite what’s been a monster rally, Wall Street analysts believe that GameStop’s stock isn’t sustainable in the long-term. They say the prices, which closed at $44.97 on February 23, could fall as low as $15 in the time to come. The current price of the video game retailer’s stock is already much, much lower than the highs it touched last month when it was at its peak.

The massive fluctuation in the GameStop stock continued even on Monday, Wall Street Journal reported. The prices gained 13 percent to $46, a change in fortune after a string of losses in over two weeks. During last month’s rally, the prices had rocketed as high as $483. However, the volatility in the prices is something the Wall Street analysts have repeatedly spoken of.

After having captivated the market, the stock began tumbling soon after. On February 2, for instance, just days after touching what was an unimaginable figure of $483, the price fell massively to $90. The 60 percent loss came only a day after the stock had taken a 30 percent hit, closing at $325 on February 1.

Comparing the peak, GameStop value with the closing stock on Tuesday revealed that prices have already fallen over 90 percent, weeks after the story captured everyone’s imagination and sent the big Wall Street investors packing.

Not just that, the regulators in the United States are now looking into the possibilities of “market manipulation” or any other “criminal misconduct” that might have caused the massive rally in the struggling video game’s stock.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Nureca’s Rs 100-crore IPO to open on Feb 15; price band set at Rs 396-400 per share

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

Listen to the Article (6 Minutes)

Nureca Limited’s Rs 100-crore initial public offering (IPO) will open for subscription on February 15, 2021. The public offer will close on February 17 and a price band of Rs 396-400 per share has been fixed by the company.

The proceeds of the issue will be used for funding the company’s incremental working capital requirements and for general corporate purposes, the company said in a statement.

Investors can bid for a minimum of one lot of 35 equity shares and in multiples thereafter, up to 14 lots. A total of up to 75 percent of the issue will be reserved for qualified institutional buyers (QIB), up to 10 percent for retail investors and the remaining 15 percent for the non-institutional category.

Shares worth Rs 50 lakh will also be reserved for eligible employees and these will be offered at a discount of Rs 20 per share.

ITI Capital Ltd is the sole book-running lead manager and Link Intime India Private is the registrar to the issue.

The company was incorporated on November 2, 2016. It is a B2C company engaged in the business of home healthcare and wellness products, which offers quality, durability, functionality, usability and innovative designs.

The brands which are currently being used by the company include Dr Trust, Dr Physio and Trumom.

The revenue from operations for the firm has grown at a CAGR of 122.68 percent during 2018-2020 and net profit has grown at a CAGR of 43.35 percent in the same period.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Top stock tips by Ashwani Gujral, Sudarshan Sukhani, Mitessh Thakkar for Tuesday

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

Listen to the Article (6 Minutes)

The Indian market is likely to open flat on Tuesday following a mixed trend in Asian peers. The SGX Nifty was also trading 5 points or 0.04 percent lower at 11,245.50, indicating a flat start for the Sensex and Nifty50. With that in mind, CNBC-TV18’s in-house panel of experts has laid down a list of stocks for the investors to buy/sell in trade today.

Here are the top buy-sell calls by market experts for Tuesday:

Ashwani Gujral – ashwanigujral.com

– Buy L&T Finance with a stop loss of Rs 58, target at Rs 70

– Buy HDFC AMC with a stop loss of Rs 2,230, target at Rs 2,300

– Buy Bajaj Finance with a stop loss of Rs 3,300, target at Rs 3,410

– Buy Natco Pharma with a stop loss of Rs 910, target at Rs 975

– Buy Biocon with a stop loss of Rs 440, target at Rs 475

Sudarshan Sukhani – s2analytics.com

– Buy Britannia with a stop loss of Rs 3,701, target at Rs 3,792

– Buy Hero Moto with a stop loss of Rs 3,000, target at Rs 3,200

– Buy Escorts with a stop loss of Rs 1,263, target at Rs 1,354

– Sell IGL with a stop loss of Rs 413, target at Rs 382

Mitessh Thakkar – mitesshthakkar.com

– Buy Adani Enterprises with a stop loss of Rs 290, target at Rs 308

– Buy MFSL with a stop loss of Rs 612, target at Rs 636

– Buy Sun Pharma with a stop loss of Rs 504, target at Rs 523

– Buy TVS Motor with a stop loss of Rs 463, target at Rs 487

Catch all live market updates here

Disclaimer: CNBCTV18.com advises users to check with certified experts before taking any investment decisions

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Top stock tips by Ashwani Gujral, Sudarshan Sukhani, Mitessh Thakkar for Monday

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

Listen to the Article (6 Minutes)

Indian Shares are likely to start the week in the green even as Asian shares were on the defensive and oil prices edged lower as investors remained cautious ahead of a US Presidential debate. However, the SGX Nifty was trading around 80 points higher at 11,111 which indicated a positive start for Indian markets. With that in mind, CNBC-TV18’s in-house panel of experts has laid down a list of stocks for the investors to buy/sell in trade today.

Here are the top buy-sell calls by market experts for Monday:

Ashwani Gujral – ashwanigujral.com

– Buy Varroc Engineering with a stop loss of Rs 294, target at Rs 320

– Buy Muthoot Finance with a stop loss of Rs 1,075, target at Rs 1,120

– Buy JSPL with a stop loss of Rs 170, target at Rs 185

– Buy Prestige Estate with a stop loss of Rs 238, target at Rs 254

– Buy Motherson Sumi with a stop loss of Rs 104, target at Rs 118

Sudarshan Sukhani – s2analytics.com

– Buy Apollo Hospitals with a stop loss of Rs 1,985, target at Rs 2,136

– Buy Berger Paints with a stop loss of Rs 570, target at Rs 602

– Buy Godrej Properties with a stop loss of Rs 690, target at Rs 721

– Sell MGL with a stop loss of Rs 850, target at Rs 774

Mitessh Thakkar – mitesshthakkar.com

– Buy Ashok Leyland with a stop loss of Rs 74, target at Rs 81

– Sell Bajaj Finance with a stop loss of Rs 3,230, target at Rs 3,050

– Sell Vodafone Idea with a stop loss of Rs 9.8, target at Rs 11.5

– Buy Page Ind with a stop loss of Rs 19,180, target at Rs 20,800

Catch all live market updates here

Disclaimer: CNBCTV18.com advises users to check with certified experts before taking any investment decisions

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow