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“Are we out of the woods in terms of the broader macro picture? I would still say no. We will have to sail through this next one or two quarters where we see the volatility continuing. But when the market corrects, it keeps providing good opportunities for long-term investors to accumulate and buy good companies. ”

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A total of 664,537 shares changed hands on the counter till 01:35PM (IST).

Interestingly, both ITC and Coal India are among the top performers in Nifty this year. On a YTD (year-to-date) basis, ITC is up 35 per cent and Coal India 32 per cent. Both the anti-ESG stocks are also high dividend paying stocks.

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Nord Stream I, the biggest single pipeline carrying Russian gas to Germany, starts annual maintenance on Monday. Flows are expected to stop for 10 days, but governments, markets and companies fear the shut-down might be extended due to war in Ukraine and could disrupt plans to fill storage for winter.

“Not every stakeholder in real estate is benefiting from this bull run. It is just the good quality developers like Prestige and other listed developers who will continue to see their sales doing exceptionally well. But when you look at the sales of B and C grade developers, it has not really picked up and that is where the consolidation has taken place which I think is across all sectors post Covid”

"We are using high-tech algorithms, artificial intelligence, big data and a lot more. Also, we can now analyse all the data sets much more efficiently and at a lot faster speed. We are able to see very clearly from the data analysis that there has been a case of front running or insider trading, but what is still taking time is pinning the blame on the culprits," one of the sources explained.

HCL Tech is expected to retain a 12-14 per cent revenue growth guidance and an 18-20 per cent EBIT margin guidance for FY2023, analysts said, adding that management commentary on the product and platform business would be among key things to watch out for.

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Promoters held 74.05 per cent stake in the company as of 31-Mar-2022, while FII and DII ownership stood at 10.08 per cent and 5.65 per cent, respectively.

“Many of the headwinds that we see on the structural cost basis are transitory in nature and require strong execution. It is not a trivial task but that is what TCS’s core strength is so we are quite confident about being able to execute on that and to maintain that trajectory.”

Buy Atul Auto, target price Rs 200: Emkay Global

Updated at : 2022-07-11 13:40:03

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Atul Auto Ltd., incorporated in the year 1986, is a Small Cap company (having a market cap of Rs 381.48 Crore) operating in Auto sector.

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