Gujarat Narmada Valley Fertilizers & Chemicals Ltd. is engaged in the manufacturing and marketing of chemicals, fertilizers and information technology. The chemicals business and Fertilizers business of the company comprises 70% and 28% respectively as of March 2022. Industrial Chemicals business of the company had done extremely well…
View on market: Volatility Prevails, Stay put with quality business Asian equities fell and major currencies appreciated against the dollar in a cautious open to the week after further weakness on Wall Street and a defiant message to the world from China’s Communist Party congress. Stocks declined in…
NIFTY: The NIFTY opened at 17322.30 with a big gap up of 308 points. The index initially moved sideways and then saw a decline which found support quickly around 17250. Prices have seen a sharp upside move from there and went above the early morning highs. However, the…
Diwali Samvat 2079 Recommendations Company Sector CMP/Accumulate (Rs.) Target (Rs.) Upside (%) Time Horizon Berger Paints Paints 615 740 20 12 months HDFC Bank Bank 1400 1650 18 12 months Maruti Suzuki Automobile 8200 - 8400 9800 17 12 months Relaxo Footwear 975 1220 25 12 months Reliance…
View on market: Stay Cautious, be with quality business: Asian equities advanced in the wake of a shock rebound in US stocks that roared back from losses sparked by a hot inflation reading. Benchmark indexes jumped around 2% in Japan, Australia and South Korea while futures pointed higher…
NIFTY: The NIFTY opened at 17087.35 with a gap down of 36 points. The index initially moved sideways for the first 15 minutes of trading and broke on the downside. The index recorded its intraday high at 17112.35, saw a sharp downside move, and went below 17000. Prices…
National Highways Infra Trust (“NHIT”) is a registered infrastructure investment trust under the InvIT Regulations. NHIT currently has a right to toll, operate and maintain a portfolio of five Initial Toll Roads in the Indian states of Gujarat, Rajasthan, Telangana, and Karnataka, and intends to toll, operate and…
View on market: Stay Cautious, be with quality business: US equity futures and Australian shares climbed while Japanese stocks opened lower in mixed, cautious trading as investors await highly anticipated inflation data later Thursday. The support for US equities followed the sixth consecutive decline for the S&P 500,…
NIFTY: The NIFTY opened at 17025.55 with a gap up of 42 points. The index initially went higher but faces resistance quickly and saw a sharp dip to fill the gap. Prices recorded its intraday low at 16960.05 and then again moved higher. This time, the index reached…
View on market: Stay Cautious, be with quality business: Shares swung slightly higher in Japan and Australia while South Korea’s benchmark index fell after the central bank pivoted back to outsized interest-rate increases. US futures edged up after the S&P 500 fell for the fifth consecutive session and…