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2 top stock recommendations from Soni Patnaik

Updated at : 2023-08-09 14:30:02

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​Until then Nifty remains sideways as long as it is trading above 19,300 because 19,300 is that key level where the correction took place and there was a follow-up subsequent pullback from those levels.

Pyramid Technoplast aims to raise anywhere between Rs 139 crore - Rs 153 crore through the IPO and the post implied market cap is likely to be around Rs 611 crore.

“In the first quarter itself, there has been a gross margin expansion of around 240 basis points. Ultimately, that has resulted in a 60 basis points improvement in EBITDA already. This year, the Emami distribution synergy has been reflected in the sales of Dermicool and so there is a growth. But overall, , both Navratna and Dermicool are on a path of good growth. We expect good growth in the next normal season,” says Emami CFO.

Tube Investments shares drop 1.31% as Sensex falls

Updated at : 2023-08-09 14:30:02

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A total of 1,349 shares changed hands on the counter till 01:39PM (IST)

"FIIs have turned net sellers and India has underperformed MSCI EM by 3.2 ppts over the last 1 month. While the near-term appears weak, there are more signs of a capex upcycle. Our preference for domestic cyclicals (financials, industrials and property) & midcaps stays," said Jefferies analyst Mahesh Nandurkar.

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Promoters held 51.31 per cent stake in the company as of 30-Jun-2023, while FII and DII ownership stood at 20.91 per cent and 16.45 per cent, respectively.

Tata Power shares drop 0.3% as Sensex falls

Updated at : 2023-08-09 13:20:02

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On the technical charts, the RSI of the stock stood at 58.86.

While tomato prices increase almost every June-July, potato prices increase after every two years and onion prices rise after every 2.5 years. Given the seasonal nature of price shocks and the fact that these spikes fizzle out within a few months, the RBI has mostly refrained from making its decision while looking at the vegetable basket.

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A total of 102,165 shares changed hands on the counter till 12:28PM (IST)

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Coal India, incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 143591.57 Crore) operating in Mining sector.

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