You buy

Rama Steel Tubes: Nomura Singapore buys 1 lakh shares in Rama Steel Tubes. Nomura Singapore bought 1 lakh equity shares in the company via open market transactions on June 15. These shares were acquired at an average price of Rs 371 per share. Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Sharekhan's research report on Tata Consumer Products TCPL achieved significant success in its transformation journey by expanding its distribution reach, recording market share gains in core categories, accelerating growth in key businesses, continued innovation momentum, and expanding in new categories. Operating performance was stable in FY2022 with revenue growing by 7% and operating profit growing by 11% (with 53 bps expansion in OPM); FCF to EBITDA improved to 100% with strong cash kitty of Rs. 2,600 crore on books; Working capital days … [Read more...] about Buy Tata Consumer Products; target of Rs 960: Sharekhan

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Motilal Oswal's research report on Gland Pharma After delivering 27% earnings CAGR over FY17-22, GLAND is well-placed to sustain its earnings growth momentum over the next three-to-five years. It has been enhancing its offerings by adding complex products to its portfolio, scaling the product at the global level, expanding capacity to aid manufacturing, as well as increased backward integration. While constraints on availability of certain materials may hinder performance over the near term, GLAND is in good stead for consistent performance over the next three-to-five years. The 40% correction over the past 10-12 months, despite healthy earnings growth, provides sufficient cushion on the valuation front. The stock is trading at 30x FY23E EPS of INR89 and 23x FY24E EPS of INR113. … [Read more...] about Buy Gland Pharma; target of Rs 3700: Motilal Oswal

The company planning to buy Donald Trumps new social media business disclosed Monday that it has received subpoenas from a grand jury in New York. Shares of Digital World Acquisition Corp. dropped 7% in morning trading Monday as the company reported that the subpoenas and related investigations by the Department of Justice and the Securities and Exchange Commission could delay its acquisition of the maker of Trump's Truth Social app. Trumps social media venture launched in February as he seeks a new digital stage to rally his supporters and fight Big Tech limits on speech, a year after he was banned from Twitter, Facebook and YouTube. The Trump Media & Technology Group which operates the app and was in the process of being acquired by blank-check firm Digital World said in a statement that it will cooperate with "oversight that supports the SECs important mission of protecting retail investors. Digital World said in a regulatory filing Monday that each member of its … [Read more...] about Company buying Trump’s social media app faces subpoenas

Naveen Kulkarni of Axis Securities The sense on the Street is that India's banking shares could be a big mover over the next 12 months, as all the positives start getting priced in. In conversation with Moneycontrol, Naveen Kulkarni, Chief Investment Officer at Axis Securities also believes that the picture for Indian IT sector 'remains quite complex' at this juncture. He advices investors to be selective, and also to wait for another quarter to understand the changing trends here. Here's the full interaction. Do you think the new-age tech companies will delay their IPO plans, especially after already-listed new-age companies were hit quite badly in the recent turmoil and corrected more than others? The market has changed for technology companies after the significant correction seen on the Nasdaq. As central bankers around the world try to manage the liquidity - which is fuelling global inflation - the cost of funds will continue to rise. This will have the most … [Read more...] about Daily Voice | FII selling may now abate, banks ripe for up move over 12 months

The downtrend in the market is far from over, if technical evidences are considered, and the broader index may decline to a level anywhere between 13,950 and 13,500, says Mazhar Mohammad, Founder and Chief Market Strategist at Chartviewindia. "We are not buyers at these levels but wait for a panic bottom to form around 14,000 levels which should be a good opportunity," he says during an interview with Moneycontrol . But, investors can focus on themes like electric vehicle (EV) ecosystem from Auto space, high beta large-cap private banks space and can start accumulating some of the midcap IT counters which corrected by 40 - 50 percent, he says. Excerpts from the interview: Do you think the Nifty50 has bottomed out after hitting a fresh 52-week low so far as chart patterns and sentiment indicators show? In recent times, more often than not, investors have seen markets staging bigger rallies after slightly bigger corrections or a market crash kind of situation. Hence, it … [Read more...] about Chart patterns hint at more downsides, wait for panic bottom at 14,000 on Nifty, says Mazhar Mohammad of Chartviewindia

"It will be early to assume that the full impact of headwinds (that confront the global and Indian economy currently) are priced in," says Dhananjay Sinha, Managing Director and Head Strategist and Economist - Equity Research at JM Financial Institutional Securities. Gauging the markets using this monitor, JM Financial sees that 30-35 percent of the characteristics of past capitulation are visible as of now, leaving further scope for adjustments. Hence they expect commodity prices to correct further and crude would be the last to collapse, giving rise to a scenario of market capitulation. Thus, the markets may still be afar from a deep value situation, Sinha shares in an interview with Moneycontrol . Excerpts from the interview: Do you think the market fully priced in all these risk factors? Do you see any other risk that the market hasn't factored in yet? While it is true that the market now knows the various risks that confront the global and Indian economy, it will … [Read more...] about Daily Voice | More correction likely as these four risk factors not priced in yet, says Dhananjay Sinha of JM Financial

- A + A (June 27): Chinese stocks extended gains into a fifth week, bringing them close to a bull market, as investors turned increasingly upbeat amid eased pandemic curbs in Shanghai. Tech shares also rallied in Hong Kong to the highest in nearly four months. The recent rebound in Chinese equities, which started in April while stocks elsewhere were still selling off, is gaining momentum thanks to an improving economic outlook as well as persistent monetary and fiscal stimulus. President Xi Jinping's planned visit to Hong Kong is boosting stocks that would benefit from easing pandemic restrictions such as Macau casinos. The benchmark CSI 300 Index gained 1.1%, adding 4% in three sessions, led by consumer shares, as Shanghai's leader declared victory in defending the financial hub against Covid-19 and will this week allow residents to dine in restaurants in some areas deemed lower risk. Drinks maker Eastroc Beverage Group Co and food supplier Yihai Kerry … [Read more...] about China stocks approach bull market as investors catch up on gains

- A + A NEW YORK/BENGALURU (June 27): Wall Street's main indexes fell after opening higher on Monday, as a rally last week on easing concerns over inflation lost steam, with high-growth stocks leading declines. "We had a nice rally last week, so I think we're seeing a little bit of profit taking this morning," said Dennis Dick, a proprietary trader at Bright Trading LLC in Las Vegas. "The stocks that were up the most last week are the ones getting hit the hardest here today." The tech-heavy Nasdaq Composite index, which gained 7.5% last week, fell 0.7% to lead declines among the three major indexes. Investors were betting on the retreat in oil prices from the three-month highs hit in June to potentially ease inflationary pressures and likely push the Federal Reserve to moderate its aggressive policy tightening. However, data on Monday showed new orders for US-made capital goods and shipments increased solidly in May, pointing to sustained strength in business … [Read more...] about Wall Street sheds opening gains on losses in high-growth stocks

- A + A KUALA LUMPUR (June 27): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher on Monday (June 27), tracking soybean oil gains on the Chicago Board of Trade (CBOT), a dealer said. Palm oil trader David Ng said the better CPO performance was also influenced by bargain buying, as the recent steep decline in prices attracted buying interest. As such, he located support at RM4,600 per tonne and resistance at RM5,100 per tonne. Meanwhile, Singapore-based Palm Oil Analytics’ owner and co-founder Dr Sathia Varqa said besides CBOT, the CPO futures rebounded from a heavy sell-off last week supported by mixed performance on Dalian on Monday. “For today, I do not see any other fundamentals for such a high market. “For short-term, it is difficult to expect the CPO futures movement but the overall trend is for prices to consolidate between RM4,500 and RM5,000 per tonne,” he told Bernama . At the close, the CPO futures contract for … [Read more...] about CPO futures close higher on June 27, tracking soybean oil gains on CBOT

Beau Wangtrakuldee, Ph.D., is a scientist, entrepreneur, and founder of AmorSui, a modern protective apparel company redesigning personal protective equipment (PPE) to empower women with greater function and protection in lab and medical settings. She spoke to Doreen Lorenzo for Designing Women, a series of interviews with brilliant women in the design industry. advertisement advertisement Doreen Lorenzo: Have you always had an interest in design? Beau Wangtrakuldee: The way I think about it, science and design are really closely related. You design to solve a problem. You conduct a science experiment to solve a problem. I’m a former Ph.D. scientist, so I’d work in the lab on drug discovery, antibacterial drugs, and material science. It’s all about problem-solving, creating something that can actually resolve an issue or a challenge. What inspired you to launch AmorSui? advertisement One day when I was conducting an … [Read more...] about Yes, PPE can be reusable. AmorSui is making sure of it