Latest Stock Market News

Remember in the basics of the Options course, we mentioned that premium price is made up of two factors: Intrinsic value and Extrinsic value, and how Extrinsic value is complicated to understand.

Veteran stock market investors in India have picked Restaurant Brands Asia (RBA), which owns a chain of restaurants including Burger King, as the next big investment opportunity. The stock is not currently in the limelight, however RBA is poised to grow faster and create cash flows in the future. The stock is currently trading at Rs 107-108, a price that experts believe makes it a great opportunity for conservative value investors. Analysts have also made recommendations for other stocks to watch in the smallcap and multibagger sectors.

The COVID-19 crisis has boosted digitalization and increased awareness of the equity markets among Indians, resulting in a dramatic increase in the number of demat accounts and mutual fund SIP books.

Penny stocks have outperformed benchmark indices in India, with 636 penny stocks giving index-beating returns in the past week. Companies with market capitalisations of less than INR500 crore ($67m) have performed well in a positive market backdrop, with 60 penny stocks providing returns of 20-66%. Mid-cap and micro-cap stocks are performing better than large-caps as 30 penny stocks had returns in the range of 20-30% in the past week. The broader market is making gains while benchmark indices are slowly rising towards lifetime highs. Investors are urged to keep an eye on macro trends and the progress of the monsoon season.

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Cryptocurrency investors are becoming more cautious about working with firms, following losses from sudden collapses of Celsius Network, Voyager Digital, FTX and other exchanges. Also, a regulatory crackdown expected to pressure the remaining companies is raising concerns among the investors. This has encouraged institutional crypto investors to switch to exchanges that offer stronger asset protectionmand boost due diligence on trading partners

Rohit Jetly, Head of Shared Services and India Operations at Fidelity International, spoke with ETMarkets about his physical and mental fitness regime. Jetly runs 5km two to three times during the week and 10km on Sundays. He tries to cover about 90km per month, which amounts to roughly 1000km per year.

Cement demand in India is expected to continue growing at a double-digit YoY rate in Apr-May 2023, backed by governmental infrastructure development and rising private capex and real estate demand. Consequently, cement companies expect volumes to increase approximately 10-20% YoY in FY24. Cement prices have remained stable since March 2023 due to lower input costs and are expected to remain unchanged given the strong demand. However, imported coal and petcoke prices have corrected in the past six months, and fuel cost trends and pricing behavior in the industry must be watched.

Gold prices have had a volatile week due to the central bank meeting, mixed US economic data and weakening USD. The yellow metal declined at the beginning of the week due to investor wariness ahead of the June FOMC meeting, but weakened further post-meeting as the Fed delivered a “hawkish skip.”

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