Promoter Analjit Singh sold 58,18,021 shares in company (i.e. his entire shareholding representing 0.64 percent of its total paid-up equity) at Rs 110.70 per share. Max Ventures Investment Holdings too sold 4,07,50,158 shares at the same rate. It held 10,26,31,287 equity shares (or 11.35 percent of its total paid-up equity) as of June 30. … [Read more...] about Ascent Investment Holdings sells 10.45% stake in Amber Enterprises; promoter offloads 5% in Max Healthcare
Nifty 50 top 10 companies
We expect a sharp bounce in the net profits of companies in FY22 due to the very low base of FY21. Few ancillaries segments like batteries and tyres which derive more volumes from the replacement market should do well in FY21. Both of these ancillary segments could also benefit from lower raw material costs. … [Read more...] about Investors should stay away from penny stocks at this juncture: Rusmik Oza
A vaccine works by mimicking a natural infection. A vaccine not only induces immune response to protect people from any future COVID-19 infection, but also helps quickly build herd immunity to put an end to the pandemic. Herd immunity occurs when a sufficient percentage of a population becomes immune to a disease, making the spread of disease from person to person unlikely. The good news is that SARS-CoV-2 virus has been fairly stable, which increases the viability of a vaccine. … [Read more...] about Portfolio strategy: Mix ‘COVID-proof’ and ‘COVID-recovery’ stocks; here are 7 top buys
There are two forces that are moving in the opposite direction, highlights Vora. Number one is fundamentals – we know that GDP is likely to shrink all over the world, and on the other hand to counter the slowdown we have monetary and fiscal stimulus responses from most of the large economies in the world. … [Read more...] about The Market Podcast | Height of uncertainty in markets! Mihir Vora talks about pockets of value
“As of now, Nifty is trading at a P/E close to 32x, which is almost a decade high valuation, hence, the risk-reward ratio may not be favorable. I am not a big fan of predicting numbers for the index, as we have seen in the past, at times the index remains flat, but individual stocks do very well,” says Jain of Ashika Wealth Advisors. … [Read more...] about Market cap-to-GDP ratio moves above long period average; time for caution?