Latest Stock Market News

“It is very important to put things into perspective and not forget that this is only a 15% healthy correction and it is not something that is unexpected by market participants. It should happen just to flush out excesses every now and then. Last 2 years, utilities, resources, metals, oil and gas and IT picked up the slack and helped to create very strong value for investors. ”

"Regional space has been booming and it remains untapped to its full potential. There’s a substantial investment we are making across all leading Indian languages. We are aggressively acquiring film and non-film music across Telugu, Tamil, Malayalam, Bengali, Bhojpuri, Punjabi and Gujarati. This will be further extended to 3 more languages this year."

According to national accounts statistics, the Compensation of Employees to GDP ratio for the private sector registered a sharp increase from 9.2 per cent in FY12 to 12.4 per cent in FY21, the brokerage said, adding that the nominal COE in the private sector stood at Rs 24.5 lakh crore in 2020-21 (Apr-Mar).

The company has reserved 75 per cent of the net offer for qualified institutional buyers (QIBs), whereas non institutional buyers (NIIs) will get 15 per cent allocation. Remaining 10 per cent shares will be given to retail bidders.

Promoters held 48.76 per cent stake in the company as of 31-Mar-2022, while FII and DII ownership stood at 20.83 per cent and 10.09 per cent, respectively.

“Fundamentally as things start to look bad, we start cutting exposure. We are completely out of metals. We have reduced a lot of IT because they were going out of our screeners and we follow a very strict risk management framework and we do not go out of it even though we might have other opinions. But markets are never wrong and the opinions often are. We try to follow the market.”

Tata Motors continues to remain our top pick, given its improving India franchise, early leadership in EVs in India, and JLR’s aggressive cost controls, said YES Securities.

Chemplast Sanmar Ltd., incorporated in the year 1985, is a Small Cap company (having a market cap of Rs 1187.55 Crore) operating in General sector.

“IT and banking are the two sectors which are looking good from a risk reward perspective and post corrections, we like most of the tier I names in the IT space. It is very difficult to look at shorts at this point of time and with the kind of decline that we have seen, we are expecting a relief bounce.”

Sheela Foam Ltd., incorporated in the year 1971, is a Mid Cap company (having a market cap of Rs 15425.12 Crore) operating in Consumer Durables sector.