COCHIN PORT
Block deals worth over Rs 9,947 crore this week. HDFC Bank, Infosys, Adani Ports among stocks with major action
In the large cap segment, 15 companies witnessed significant block deals worth Rs 5,725 crore led by HDFC Bank with 43 block counts totalling to Rs 2,446 crore. The next in line were Adani Ports and Special Economic Zone (Rs 469 crore), Godrej Consumer (Rs 421 crore), TVS Motor Company (358 crore), Infosys (Rs 339 crore), Interglobe Aviation (Indigo, Rs 288 crore) and Maruti Suzuki (Rs 218 crore).
Cargo traffic at 12 major Indian ports rises 6.8 pc to 69.8 MT in Jun
Cargo traffic at major Indian ports increased by 6.8% in June, with Jawaharlal Nehru Port and Cochin Port showing the highest growth. However, Mumbai Port experienced a decline. Overall, ten ports saw positive growth while two witnessed a decrease.
Share market update: Most active stocks of the day in terms of total traded value
The NSE Nifty index was trading 53.55 points up at 24340.05
Udupi Cochin Shipyard Limited bags Rs 1,100 crore order for cargo vessels from Norwegian firm
UCSL secured a Rs 1,100 crore deal for eight 6300 TDW cargo vessels from Wilson ASA. These vessels, designed for eco-friendly operation in European coastal waters, are part of a project to be completed by September 2028. The company has also delivered tugs to Adani Harbour Services and received repeat orders from Polestar Maritime.
The train from Russia: How a new route can change things for India
A multimodal route that includes a railway, roadway network and seaports, the INSTC spans 7,200km (4,500 miles) from St. Petersburg to the port of Mumbai in India. The corridor is part of Russia’s push to find new transport routes in light of Western sanctions, which have forced it to shift trade flows from Europe to Asia and the Middle East.
Nine Indian ports ranked among top 100 in Container Port Performance Index 2023
In the latest Container Port Performance Index (CPPI), released by the World Bank and S&P Global Market Intelligence, India's ports have achieved notable global rankings. Nine ports from India have been listed among the top 100 globally. Visakhapatnam Port secured the highest position among them, ranking 19th worldwide in 2023. Mundra Port also made significant progress, climbing to 27th place in the current rankings.
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Share market update: Most active stocks of the day in terms of traded value
The NSE Nifty index closed 66.7 points up at 23465.6
Block deals worth over Rs 7,640 crore this week. Chandrababu Naidu’s Heritage Foods, Adani Ports see top action
The week was an eventful one. Besides the general election results, D-Street saw some prominent block deals which included over three dozen companies from large, mid and smallcap segments. Shares worth Rs 7,640 crore were traded on screen, which included both buying and selling.
ETMarkets PMS Talk: This fund manager with over Rs 350 cr in AUM generates 2x returns vs benchmark since June 2023
Within this we are managing roughly Rs 315 crore in AQUA, a Flexicap Quant PMS Strategy, which is our flagship style-adaptive, benchmark-agnostic, dynamic multi-factor strategy and roughly Rs 35 crore in our Multi Asset Quant Strategies.
Major ports cargo traffic rises over 3% to 72.04 million trillion in May
Cargo traffic at major Indian ports rose by 3.75% in May to 72.04 MT, with notable growth at Visakhapatnam, Chennai, and Cochin ports, as per Indian Ports Association data.
First among equals: 5 PSU stocks which have benefited the most due to government policy push, spending & may continue their journey
Right from perennial under-performers like oil marketing and refining companies to PSU banks. Literally every stock which has the tag of “PSU” stock has seen a re-rating in the last two years. Now that the exit polls are predicting what the street has been looking for, that is continuity in the policy making framework, there is a high probability that there will be another round of re-rating of PSU stocks. So, continued policy and continued re-rating. Like the earlier re-rating, this time also, some sectors and stocks in the PSU space will outperform others. A company which is going to be providing finance for the expansion of the solar energy network which is the next focus area of the government. The overall demand runway for some of the sectors is longer. This essentially means that while every PSU is likely to see a push, there are a select few which are likely to see more tailwinds of business growth and valuation expansion.
Exit polls show Advantage BJP! D-Street to likely train its guns on these sectors
Exit polls favor Bharatiya Janata Party (BJP) led NDA faction. Sectors like railways, defence, infrastructure, and PSUs to gain focus. NDA expected to secure 350-plus seats in the upcoming election.
Udupi Cochin Shipyard Limited receives new order from Adani's Ocean Sparkle
Udupi Cochin Shipyard Limited (UCSL), a subsidiary of Cochin Shipyard Limited (CSL), has secured a new order from Ocean Sparkle Limited (OSL), an AdHarbor Services company. The order is for the construction of three 70 T Bollard Pull ASD (Azimuthing Stern Drive) Tugs, as announced by the company in a release on Friday.
Defence stocks: Long runway, hedge a bit to avoid narrative-based decisions; 8 PSU & Pvt sector stocks, 4 with upside potential of upto 44%
In an election season, there are bound to be times when one or the other narrative may make one question about whether one should sell the stocks. The underlying reason would be fear of losing the gains on which one is sitting. Especially when it comes to sectors like defence, railways and others which have seen a strong re-rating and siting with big gains and already there has been skepticism about their stock price moving ahead of time. Now let's look at the issue in two ways, first is whether the fundamentals of the sector are on a strong foot and business is fine or not. Second, how to hedge the exposure so that one is not forced to sell due to narrative, because the fact is that a continuation in policy push means that the companies have just started their journey. While defence PSUs are well known, there are other private sector players, whose lifeline is dependent on defence expenditure and in the last few years they have also done well, both on the street and in terms of real business. So, it is better that one should hedge and stay with them and not get jittery because of one or the other narrative which will keep hitting the street till 4th June.
Share market update: Most active stocks of the day in terms of total traded value
The NSE Nifty index was trading 43.6 points up at 22976.05
Candidates of strong directional move on 4th June: 5 PSU stocks which have benefited the most due to government policy push and spending
In the last two years, it is a well known fact that every PSU stock has been re-rated by the street, right from perennial under-performers like oil marketing and refining oil companies to PSU banks. But if one looks a bit deeper there are some which have been re-rated more than others. The reason, these are PSUs which are from the sectors where the government has clearly decided are its priority areas and there has been a policy push for these sectors. A company which is going to be providing finance for the expansion of the solar energy network which is the next focus of the government. The overall demand runway for these sectors is longer which means overall growth will be higher when confirmation of policy continuity comes. Also they are in business where it would be difficult for the private sector to compete. Now because it is the policy push which matters, the continuity of tailwinds of higher government spending, will push them for another round of re-rating on the result day.
Share market update: Most active stocks of the day in terms of traded value
The NSE Nifty index closed 24.65 points down at 22932.45
Share market update: Most active stocks of the day in terms of total traded value
The NSE Nifty index was trading 31.21 points up at 22988.3
Share market update: Most active stocks of the day in terms of traded value
The NSE Nifty index closed 10.56 points down at 22957.1
Share market update: Most active stocks of the day in terms of total traded value
The NSE Nifty index was trading 34.71 points down at 22932.95
Share market update: Most active stocks of the day in terms of traded value
The NSE Nifty index closed 369.86 points up at 22967.65
Share market update: Most active stocks of the day in terms of traded value
The NSE Nifty index closed 27.05 points up at 22529.05
Reach Europe 20 days earlier and for 30% cheaper: How Chabahar port helps India expand its trade footprints globally
India’s pact with Iran to develop the Chabahar port will give a boost to the multimodal transportation network called the International North-South Transport Corridor, enabling exports from South Asia to reach Europe and Russia.
Tamil Nadu among best states for economic zone: DP World official
DP World Vice President, Economic Zones, India Subcontinent and MENA, Ranjit Ray, said Chennai also has strategic advantages since it is connected to South Asia, Africa, Australia via the sea route.
Q4 results preview: 29 companies likely to report doubling of profit
29 companies expected to double profits in Q4FY24 across various sectors like BFSI, Auto, Healthcare. Notable companies include Adani Ports, KEC International, Birla Corporation, JK Cements, United Breweries, Gland Pharma, Quess Corp Ltd, Signature Global, NMDC.
Indian Navy will be completely 'atmanirbhar' force by 2047: Chief of Naval Staff
Indian Navy aims to become 'atmanirbhar' force by 2047. Achieved indigenisation, manufacturing submarines and ships. Brahmos missile being inducted. Agniveer recruitment program. Exploring Vizhinjam port. Considering reordering INS Vikrant type carrier. Making changes to ranking systems. Becoming gender neutral. Implementing administrative reforms.
World recognising India's potential in global trade: PM Modi
Prime Minister Narendra Modi highlighted his government's efforts to enhance India's infrastructure and maritime capabilities during the inauguration of three projects in Kochi, collectively valued at over ₹4,000 crore. The projects include the New Dry Dock and International Ship Repair Facility at Cochin Shipyard Limited, along with the LPG Import Terminal of Indian Oil Corporation Limited.
Kochi gears up as shipbuilding hub as PM set to dedicate new projects
It will modernise and expand the existing ship repair capabilities of CSL and aspires to transform Kochi as a global ship repair hub and align with the Prime Minister's vision of creating ship repair clusters in India. The Indian Oil's LPG Import Terminal at Puthuvypeen, Kochi, built at an investment of Rs 1,236 Crores, boasts a state-of-the-art infrastructure.
Ship building and repair clusters will be developed in coastal cities: Sonowal
Union Ports, Shipping, and Waterways Minister Sarbananda Sonowal announced plans to establish ship building and repair clusters in strategic locations such as Mumbai, Kochi, Chennai, Gujarat, Goa, Vishakhapatnam, Andaman and Nicobar, and Odisha. The India Middle East Europe Economic Corridor plan will include building next-generation mega ports in India, with the Vadhavan and Tuna Tekra development being key projects.
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