CONSOLIDATION PHASE
Kumar Birla re-enters race to buy Orient Cement to consolidate Ultratech's Southern push
Talks between CK Birla and Adani said to be at standstill over valuation, mining clearances. Orient stock up 45% in last 1 month.
Consolidation push to continue as key raw material gets scarce: 11 small cap cement stocks which fit the bill and may see some action
In less than a month, two cement majors clearly showed their intent. The intent is to grow through an inorganic route. One by complete acquisition, the other by taking a large stake in the company. Another common thing, both of them are focussed on the southern part of India, where the cement companies have a history of being under pressure. So why are they looking toward southern India? The answer lies in something else. It is one of the key raw materials that have become scarce and that is what is leading to a situation where big players clearly know that if they have to grow their capacities they have to pick on companies which have access to that critical raw material. This aggressive consolidation is likely to continue and it is the smaller players which are likely to be targeted.
Consolidation phase to continue for banks; SBI, HDFC remain preferred picks: InCred Equities
The domestic brokerage firm also stated that the bank managements are already adopting various means including driving staff KRAs and incentivizing employees towards higher deposit augmentation and the recent branch expansion of most banks in semi-urban/rural areas will drive the CASA deposits momentum
Market poised for uptrend with phases of consolidation: Sudip Bandyopadhyay
So, once the tractor volume starts picking up, we will see further upside in M&M. The company has done fantastic early well as far as the SUV business is concerned. They have done well in other smaller segments as well, including farm equipments. But performance in tractors was promising and that will be icing on the cake as and when it happens.
Will market get into consolidation mode ahead of Budget? Mahantesh Sabarad answers
I think EPC companies can potentially do well because it is all about the order book that they will start getting in. With the new government formation in, you will see infrastructure activity particularly road building kind of activities start picking up. Alongside, you also have a host of metro projects coming up for completion which requires that last bit of push when it comes to construction activities.
Expect market to consolidate for some time: Vikas Khemani
So, I guess the frothy valuation stocks will come down, corrections will happen. Markets might consolidate for some time and to some extent it is healthy. Also, probably we will have a strong opposition so we will have to see what kind of reforms government is able to carry out in further.
Sun Pharma expects high single-digit top line growth in current fiscal
Sun Pharmaceutical Industries expects high single-digit top line growth in FY24 with total revenue at Rs 48,497 crore, led by Managing Director Dilip Shanghvi. The firm anticipates similar growth in FY25 with investments in product launches and R&D activities.
Economy expands 7.8% in Q4, lifting FY24 growth to 8.2%
This is the highest annual growth since FY17, excluding the 9.7% post-Covid rebound in gross domestic product (GDP) in FY22 after the 5.8% contraction in FY21. The advance estimate released in February had pegged FY24 growth at 7.6%. Economists and government expect the high growth to continue though tepid private consumption remains a concern.
Bank Nifty better poised to head higher right now: Rohit Srivastava
A lot of the recent action is due to what we are seeing in global markets as well. So, I am not sure how much of it is solely related to the upcoming elections. However, there is some short-term risk if we close below, say, 22,550, where we are right now.
Tata Steel Q4 Results: Net profit slumps 64% YoY to Rs 611 crore; misses D-St estimates
Tata Steel Q4 Results: Revenue from operations for the quarter under review fell 7% YoY to Rs 58,687 crore. The company's board has recommended a dividend of Rs 3.6 per share. It has also approved a proposal to infuse funds up to $2.11 billion (Rs 17,407.50 crore), by way of subscription to equity shares of T Steel Holdings Pte Ltd in one or more tranches during FY25.
Stock Radar: Timken India breaks out from consolidation phase; could hit 5,000 levels
Timken India shares have been stuck in a range since November 2022 where Rs 3,700-3,800 acted as a stiff resistance, while on the downside, levels above Rs 2,500 acted as support on the weekly charts. Short to medium-term traders can look to buy the stock on dips for a possible target of Rs 5,000-5,100 in the next few months, suggest experts.
TRADERS’ CORNER: Financial service player offers 5% gain; dairy stock set to milk 7%from its surge
Nifty hit a high in afternoon trade and then gave up its gains to end with a loss.
After consolidating around current levels, market to deliver healthy returns over 3-5 years: Jitendra Arora
Jitendra Arora of ICICI Prudential discusses market consolidation, challenges in valuations, and investment strategies emphasizing long-term growth over short-term gains. He provides insights on sectors like private banks and real estate for potential investment opportunities. Arora says: "Private bank is one pocket where we find a lot of comfort as a house in terms of the valuations."
Stock Radar: 50% rally in 6 months! This railway stock could hit fresh record highs soon; time to buy?
The stock has breached a 4-month consolidation and this has made room for it to head towards 1,200 levels. If the momentum continues, the stock could hit fresh record highs. The railway stock rose from Rs 696 as of November 28, 2023, to Rs 1,101 on May 27, 2024, which translates into an upside of 58%.
Tech View: Nifty consolidating around Mt 23k for 3 days. What traders should do
Analysis of OI data reveals that the call side exhibited the highest OI at the 23,000 strike price, followed by 23,500 strike prices, whereas on the put side, the highest OI was observed at the 22,500 strike price.
Stock Radar: RCF breaches 3-month consolidation range; should you buy this fertiliser stock?
The fertiliser stock hit a record high of Rs 190 on January 20, but the rally fizzled out and it witnessed a steep decline dropping below crucial moving averages. It took support around 120 levels in March 2024 and bounced back. Although the journey remained volatile, it managed to reclaim crucial moving averages, which suggests that bulls are taking control.
Red-hot OTT market likely to enter consolidation phase
Despite incurring losses, deep-pocketed OTT platforms are continuing operations due to regular fund injections from their parent companies, while smaller rivals are at risk of going out of business due to high capital requirements for content, marketing, and user acquisition, industry experts said.
Real market picture will emerge from April 1 onwards: Sudip Bandyopadhyay
Sudip Bandyopadhyay advises caution post corrections, recommends cherry picking for long-term growth. Highlights L&T as a strong investment option for India and Saudi growth stories, especially in the hydrocarbon sector. Bandopadhyay says: "We were pretty confident that we are in a structural bull phase and we will keep inching upwards. Medium and long-term trajectory has not changed at all."
Sanjiv Bhasin’s top 6 midcap picks that may remain unscathed even in run-up to election
Sanjiv Bhasin of IIFL Securities recommends various stocks including PSU pack, Avenue Supermarts, and consumer staples like Bata. He also discusses the potential of EVs in the auto market and the performance of PB Fintech. According to Bhasin, in auto "Maruti and as a dark horse Ashok Leyland are our top picks which has forayed very strongly into the bus market on the EV side."
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