The company has been under immense pressure related to the AGR dues. On September 1, the Supreme Court allowed telecom players a 10-year timeline to pay adjusted gross revenue (AGR) dues. The apex court also asked the companies to make an upfront payment of 10 percent of the outstanding amount. … [Read more...] about Vodafone Idea shares hit upper circuit on $4 bil funding buzz from Verizon, Amazon
Stock ideas
Ideas For Profit | What makes Hawkins Cookers a differentiated rural consumer play
Cooking food at home is gaining traction as consumers become more hygiene conscious, considering the importance of health-building and immunity to stay healthy with the coronavirus infection spreading rapidly. … [Read more...] about Ideas For Profit | What makes Hawkins Cookers a differentiated rural consumer play
‘More MF outflows seen if market keeps rising; BFSI stocks can outperform in next one year’
In India, the Nifty50 has historically peaked at around 19x on forward PE basis. The Nifty50 trades at 24x FY21 estimates and 18x FY22 estimates. One year forward PE still looks very expensive at 22x, considering lower forward RoEs of around 13-14 percent. Globally, too, most developed markets are trading at new peak valuations. Hence, the risk-reward ratio is not favourable for either global markets or Indian markets. The upside could be in mid-single digit, whereas the downside could be in higher double digits. Be conservative, hold some cash and look to enter in corrections. … [Read more...] about ‘More MF outflows seen if market keeps rising; BFSI stocks can outperform in next one year’
DAILY VOICE: Valuations of largecaps & polarization of market into top 10-20 stocks are biggest risks, says Mihir Vora of Max Life
A: Given the huge impact of the COVID shock, it is imperative that central banks as well as governments continue with the liquidity and fiscal support. As of now it looks like the accommodative stance will continue in the foreseeable future and real interest rates will be zero and even stay negative for a long time – this is usually a signal for asset price inflation. We are seeing this increase in prices of all assets, whether it is equities, bonds, precious metals and even crypto currencies like Bitcoin. Markets are expecting the liquidity creation to continue. Emerging markets have underperformed the developed markets so far. … [Read more...] about DAILY VOICE: Valuations of largecaps & polarization of market into top 10-20 stocks are biggest risks, says Mihir Vora of Max Life
Selling expected on any rise in market; these 3 stocks could fetch 10-15% return
The stock has broken out of a falling trend line resistance and started trading above its major medium term moving averages. The short term moving averages in the weekly time frame has developed a positive curve indicating the initial sign of trend reversal buying. The weekly RSI has started trading in a bullish zone for the first time after April 2018 suggests that momentum is building up in the stock and the short term rally might not be ruled out. On the daily chart, the lower top and lower bottom cycle has reversed indicating the worst is over and bulls are likely to take the charge again. The average directional index (ADX) is trading with a positive slope suggesting the trending move in the stock. Traders can initiate buying positions at CMP and on any dip till Rs 1,490 for the short term gain. … [Read more...] about Selling expected on any rise in market; these 3 stocks could fetch 10-15% return
