Mcap of 6 of top-10 most valued firms jumps Rs 1.97 lakh cr; ICICI Bank, HDFC Bank major winners
The combined market valuation of 6 of the top-10 most valued firms jumped Rs 1,97,734.77 crore last week, with ICICI Bank and HDFC Bank emerging as the biggest winners, in-line with optimistic trends in equities. Last week, the BSE benchmark jumped 1,653.37 points or 1.99 per cent. The BSE benchmark soared 1,359.51 points or 1.63…
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MNCs continue to encash lofty valuations at Indian-listed arms
Multinationals are rushing to exploit a runaway rally in the Indian stock markets, with more than a dozen firms paring holdings in their local businesses in the past year, while half a dozen others, including Hyundai and LG, are planning public listings. GE T&D India is the latest to join a growing list of global…
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M-cap of 9 of top 10 most valued firms jumps by Rs 2 lakh crore; Airtel sparkles
Nine of the top-10 most valued firms together added Rs 2,01,552.69 crore in market valuation last week, with Bharti Airtel stealing the show, amid bullish investors’ sentiment in equities. Last week, the BSE benchmark jumped 1,707.01 points or 2.10 per cent. The 30-share BSE Sensex hit its lifetime high of 83,116.19 on Thursday. Bharti Airtel’s…
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Up to 450% gain in m-cap! Demerged cos unlock big gains for investors
Investors betting on companies that have split business as part of restructuring in the past year have struck it rich as unlocking value on account of the demerger has resulted in the market value soaring in several cases. At least 12 domestic companies have demerged their businesses in the last one year, according to an…
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M-cap of 8 of top-10 most valued firms rises Rs 1.53 lakh crore; Airtel, Infosys biggest gainers
The combined market valuation of eight of the top-10 most valued firms surged Rs 1,53,019.32 crore last week, with Bharti Airtel and IT majors Infosys, Tata Consultancy Services emerging as the biggest gainers, in line with a record rally in equities. Last week, the BSE benchmark jumped 1,279.56 points or 1.57 per cent. Rallying for…
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ITC, HUL and Dabur among 11 stocks with buy view from brokerages post Q1 earnings
The FMCG sector posted top-line growth, driven by a summer spike, although the general elections negatively impacted the sector. The outlook for H2 remains positive, as indicated by company commentaries. Revenue is expected to grow, supported by rural recoveries, according to multiple brokerages. With sector rotations underway and defensives like FMCG gaining investor interest, stocks…
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Adani bull GQG hikes stake in GMR Airports to over 5%
US-based boutique investment firm GQG Partners, best known on Dalal Street as an Adani bull, has increased the stake in GMR Airports Infra from 4.74% to 5.17% last week. “Now, on August 23, 2024, the Acquirer and PACs (persons acting in concert) acquired further shares of the Company, resulting in their shareholding crossing 5% of…
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Avoid aggressive bets as markets may see volatility spike
Technical analysts advise avoiding aggressive bets until global market conditions stabilise. If Nifty stays below 24,800 and VIX remains above 14.5%, a correction is likely, with key support at 24,540 and 24,210. Stocks like Nykaa, HDFC Bank, Sun Pharma, TCS, GAIL, Adani Ports, ITC, Chambal Fertilisers, KNR Construction, Oil India, and CESC look promising, according…
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Big movers on D-Street: What should investors do with ITC, Zomato and Adani Wilmar?
Equity benchmarks halted their five-day rally to close with deep cuts on Friday in line with a global sell-off as investors dialled back risk exposure. Stocks that were in focus include names like Zomato, which gained 12.24%, ITC, which fell 0.98%, and Adani Wilmar, whose shares rose 9.99% on Friday. Here’s what Pravesh Gour, Senior…
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M-cap of 8 of top 10 firms plunges Rs 1.28 lakh crore; TCS, Infosys biggest laggards
Eight of the top-10 most valued firms together lost Rs 1,28,913.5 crore in market valuation last week, with IT majors Tata Consultancy Services (TCS) and Infosys emerging as the biggest laggards, amid weak trend in equities. The valuation of TCS tumbled Rs 37,971.83 crore to Rs 15,49,626.88 crore, the most among the top-10 firms. The…
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