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Shares of FMCG firm Marico, known for Saffola and Parachute, fell over 4% on Tuesday due to political turmoil in Bangladesh, where it earns 11-12% of its revenue. Despite this, Marico’s long-standing presence in Bangladesh suggests that the current challenges will have a limited impact on its competitive position.

Bulkcorp International listed its shares on the NSE SME platform at a 24% premium, starting at Rs 130 compared to the Rs 105 issue price. The IPO, involving the sale of 19.78 lakh shares, was highly successful with over 200 times subscription. Raised funds will address capital expenditure and other corporate needs.

Unicommerce Esolutions opened its IPO for subscription, presenting an OFS of up to 2.56 crore shares with a price band of Rs 102-108 per share. Analysts recommend this high-priced offering primarily for aggressive investors seeking listing gains. Notably, the company will not receive any proceeds from this IPO as it is entirely an offer for sale.

A long buildup occurs with rising open interest, trading volumes, and stock prices, indicating bullishness. On Tuesday, five stocks saw new long positions.

We have long been in the camp and I particularly continue to believe this myself that we are going to have what we call a bumpy landing, not necessarily a hard landing, kind of a deep recession of the sort that the US usually has because there are a lot of things at play here that have been quite a bit different than a conventional cycle, not just the fiscal and the public debt, but also that obviously we are coming out of a pandemic, we are coming out of a wartime shock

Promoters held 45.25 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 17.03 per cent and 19.35 per cent, respectively.

The stock quoted a 52-week high of Rs 6442.65 and a 52-week low of Rs 4518.35.

Over time, that strategy has resulted in us identifying many stocks that have done well. For example, we had Page Industries, which was 100x. We had Bajaj Finance, which was almost 28 times. Eicher Motors as well. And a few other names like that.

Macquarie and UBS both maintain Neutral ratings on Airtel, with target prices of Rs 1,280 and Rs 1,530, respectively. The company saw softer growth, with PAT exceeding expectations due to one-offs and EBITDA margin expansion from lower network costs. However, ARPU misses and enterprise performance could impact sentiment.