Latest Stock Market News

Stock likely to see profit booking due to geopolitical tensions but strong Q2 earnings and profit margin to help narrow loss in long term, says Rahul Sharma, co-founder of Equity99

In a statement, NSE has cautioned investors not to subscribe to any scheme/ product offered by these or any entities or individuals offering assured or guaranteed returns in the stock market as the same is prohibited by law.

“I would want to go into 2023 fully invested. There are some sectors which have not performed well during last one and a half year, including infra and cement or auto ancillaries. This sector should be seen, especially because infra spending will come in big numbers during pre-election year. ”

The recovery in demand, coupled with apparent peaked out inflation, is pushing silver higher. Along with this, limited room for the Fed to push the interest rates higher is another factor.

The quota for retail bidders was subscribed merely 30%, whereas the allocation for non-institutional investors fetched 1.15 times bids. But the portion for qualified institutional bidders was 72% booked.

Analysts remain concerned over the high valuations and diminishing margins of the company. A few of them have suggested booking profits after the debut, whereas others believe that Bikaji is poised to offer crispier returns in the long run.

Following the earnings announcement, shares of Bharat Rasayan fell 1.3% to Rs 10,326.60 over its previous day’s closing price of Rs 10,466.15 per share. The stock has fallen more than 16% in the last six months, while it has surged nearly 3% in the past one year. On a year-to-date basis, the stock is down nearly 12%.

As many people have told us, the story in many ways really starts now. We like to think of it as a new chapter in our ongoing story and we are very proud to have reached this far and that our shareholders have given us the trust to take them forward into the years ahead, says Global Health CEO Pankaj Sahni.

The Nikkei turned positive after Biden said that the missile that killed two people in Poland was probably not fired from Russia, following an emergency meeting of NATO leaders called to discuss the strike.

“A massive shift is happening globally. Relative outperformance is happening in industrials and that is also happening in India. Sectors like capital goods, infra, corporate facing banks have done very well, in fact all these are at lifetime highs and well beyond. We are going to move away from that pure new age tech stocks and go back to industrials, commodities, manufacturing and supply chains. It is cyclical. ”