What would be of real significance is that both the Dollar and the Rupee and Gold would also post new highs by a significant margin from the current levels over the next year, Rajat Bose of rajatkbose.com tells Moneycontrol's Sandip Das in an interview. Q. Benchmark indices gained more than 9 percent since last Diwali, do you think markets can scale new highs by next Diwali?A. While the possibility of a new high for the benchmark indices is always there, keeping in mind their composition and how they are managed, you can count on the Nifty and the Sensex posting new highs over the next year.Close Consider this fact: Nestle India at end of Q2FY19 has promoters holding 62.8 percent, foreign portfolio investors (FPI) holding 12.6 percent, and institutions holding 21.2 percent. Altogether the tally is 96.6 percent, thus the quantity available for the trading and/or public holding is minuscule.Rajat BoseExpert|rajatkbose.com Low effective corporate tax rate … [Read more...] about Looking for ideas with strong fundamentals; these top 5 stocks can return 40-50% by Diwali 2020
High flying us tech stocks face early test in 2018
Hemant Ghai and Shailendra Bhatnagar, CNBC AwaazUCO Bank, India’s 8th most valuable PSU bank, said the Supreme Court’s 'landmark' judgement on the supremacy of financial lenders above operational creditors will help bleeding banks recover thousands of crore rupees from defaulting companies in the coming quarters. This should help shore up the battered balance sheets of these banks, mostly state-owned.In an exclusive interview to CNBC Awaaz, UCO Bank CMD Atul Kumar Goel, said FY20 “will be a turnaround year” for the bank and that the next year would be a “golden year.”Close UCO bank shares hit a four-month high of Rs 18.70 on November 20. They rallied 20 percent for the second consecutive trading session and trading has been frozen at the upper end of the intra-day circuit filter as there are only buyers. UCO is the second best performing PSU bank stock for the month so far, having risen 59 percent. related news Yes Bank share price … [Read more...] about UCO Bank MD says FY20 to be turnaround year for bank; stock at 4-month high
Amid talk of a slowdown in the consumer segment and a poor showing by most FMCG players in 2019, Dabur has managed to log decent gains.The stock had outperformed benchmark Sensex in three out of five calendar years, including 2019 so far, data from Ace Equity shows.Close Some of Dabur's FMCG peers such as Emami, Godrej Consumer Products and Britannia have lost 25 percent, 21 percent and 14 percent, respectively, of their market value in the calendar year 2019 so far. related news Green shoots in the telecom sector? Sensex hits a new high, 4 factors that could be fuelling optimism Brokerages bullish on ICICI Bank, see 20% further upside despite rallying 44% in last 9 months What helped Dabur endure the slowdown headwind?Brokerage Centrum Broking said in a recent report that the company's management was of the view that its power brand strategy yielded good results and helped it achieve revenue momentum supported by 11 percent volume growth in FY19 and 9.6 … [Read more...] about This stock has outperformed Sensex in 3 out of 5 calendar years. Is it still a strong story?
Telecom stocks came under pressure on November 14 after the Department of Telecom (DoT) had issued notice to telecom operators to pay their revenue share dues within three months as directed by the Supreme Court, according to an industry source.The DoT has given option to telecom operators to clear all the dues on self-assessment basis.Bharti Airtel share prices were down over 3 percent intraday on November 14 and was the top Sensex loser while Bharti Infratel tanked close to 8 percent following the notice.Close Vodafone Idea share prices plunged over 16 percent following the news while the company had been in news around the buzz that the company might exit India operations. related news Yes Bank share price reverses early losses on NPA divergence, up 3% Kalpataru Power sells subsidiary, share price rises 6% Shree Cements share price rises 4% after fixing floor price for QIP The apex court upheld the definition of Adjusted Gross Revenue (AGR) calculation as … [Read more...] about Bharti Airtel, Vodafone Idea share prices fall 3-15%; telecom stocks tumble after DoT asks telcos to clear AGR dues
Indian market continued its upward momentum on November 20 after S&P BSE Sensex rallied more than 300 points to hit a fresh record high of 40,816.38. The Nifty is also trading above the crucial resistance of 12,000 and aiming to surpass its record high of 12,103.Among sectors telecom, energy, oil & gas, infra and pharma rose more than 1 percent while some selling was seen in power, IT and realty index.As Sensex touched the record high there are as much as 32 stocks are hitting the 52-week high on the BSE including Bharti Airtel, DLF, SRF, SCI, Reliance Industries, Adani Green Energy and Snowman Logistics.Close On NSE, 21 stocks touched the 52-week high including AVT Natural Products, Tube Investments, India Tourism Development Corporation, Dixon Technologies, Essel Propack and Granules India. related news Majesco share price gains on agreement with Ullico Casualty Group UCO Bank MD says FY20 to be turnaround year for bank; stock at 4-month high "We advise traders to … [Read more...] about Sensex hits record high! Bharti Airtel, DLF among 32 stocks that touched 52-week high