LEVEL 3

Stock Radar: Cholamandalam Finance Holding hits fresh record high in July; time to buy or book profits?

Cholamandalam Financial Holdings stock is poised for remarkable growth, breaking free from a volatility pattern to soar towards the 1700 target. Investor interest surges as bullish momentum indicators align, with a strategic stop loss at 1270 ensuring risk management. The stock's chart structure and ratio analysis against NIFTY only reinforce its upward trajectory.

HDFC Bank shares jump 3% to fresh high, investors eye Rs 1,900-level on MSCI boost

HDFC Bank's shares surged approximately 3% to reach a new 52-week high on Wednesday. Investors reacted positively to news suggesting a potential increase in the bank's weightage in the MSCI Emerging Markets index. Doubling lenders' weightage in the global index can attract FII flows, ranging from $3.2 bn to $4 bn.

Flood situation prevails in Assam's Kaziranga National Park as water rises considerably

Following days of heavy rainfall, a flood situation has emerged in Assam's Kaziranga National Park, inundating 167 camps. Park official DFO Arun Vignesh confirmed the rise in water levels and the evacuation of eight camps. The floods in Assam have claimed 38 lives, affecting over 11.34 lakh people in 28 districts. Majorly impacted areas include Lakhimpur, Darrang, and Golaghat. The Assam State Disaster Management Authority reports that 42,476.18 hectares of crops and 2,208 villages have been submerged in the second wave of floods. Local efforts are underway to manage the crisis.

Stock Radar: Hindustan Unilever could hit fresh record high in July series; here’s why

Hindustan Unilever is poised for growth, supported by strong technical indicators and positive derivatives data. With potential for fresh highs, the stock is showing resilience after a short correction and is expected to perform well in the July series.

Tariff hikes signal better profitability for telecom industry going forward: ICRA

Bharti Airtel and Reliance Jio announced significant tariff hikes, impacting consumers. The industry is set to experience improved financial metrics and operating profits, allowing for deleveraging and funding capex. ICRA forecasts strong industry revenue growth and debt level moderation, with expectations of enhanced Return on Capital Employed for FY2025.

Stock Radar: Contra buy? Bullish Gartley pattern in Anupam Rasayan points to potential reversal after 30% fall from highs

Anupam Rasayan's Bullish Gartley pattern suggests a potential bounce back, with a target of Rs 1,040 and a stop-loss strategy below 670 on a weekly closing basis. Traders can consider building positions up to Rs 755 for potential gains.

Amit Shah chairs meeting to review preparedness for flood management in country

Union Home Minister Amit Shah chaired a high-level flood management meeting in Delhi to review preparedness. States like Uttarakhand, Himachal Pradesh, Sikkim, and Assam are facing floods.

Sentiment is changing, FIIs could push market rally further, says Chandan Taparia of Motilal Oswal

FIIs covering short positions in the Indian market may drive a potential rally, supported by DIIs and SIP. Amidst profit booking in FMCG stocks, focusing on rural demand and monsoon impact could offer buying opportunities. Private banks and financial companies show promising trends, while Nifty Auto and telecom sectors present favorable trading prospects.

Russia is storing up a crime wave when its war on Ukraine ends

Russia war: Russia saw a drop in crime levels as men joined the war in Ukraine, but the return of these servicemen is now leading to a surge in offending. Data shows a rise in non-war-related crimes by more than 20%, with violent offenses, theft, and drug-related transgressions increasing. The impact of the conflict on returning servicemembers is expected to have long-lasting effects on society, with concerns over rising crime rates post-war. The return of convicts who fought for the Wagner group is a particular worry, as their reintegration into civilian life poses significant challenges for law enforcement and society as a whole.

Amid scorching summer, water available in 150 main reservoirs further dips to 21%

Scorching heat in India leads to a decrease in water storage, with only 21% of total capacity available in 150 main reservoirs. Central Water Commission reports a significant drop compared to last year, affecting hydroelectric projects and water supply. Southern region hit the hardest, while some areas show better storage levels than last year.

As buyers diss cars, auto companies count on offers

Passenger car sales surged 8% to a record 4.22 mn units in FY24 but have moderated since amid the heat wave, a long election season and a high base. Going by current vehicle registration trends on the government's Vahan portal, June growth is expected to be either flat or negative. ET reported June 17 that inventory levels at dealerships across the country were at 55-60 days against the norm of 30 days seen at this time of the year.

Manipur Violence: HM Amit Shah chairs high-level meet with top officials; reviews state's security

FADA plans to take up issue of high inventory with SIAM

The Federation of Automobile Dealers' Association (FADA) expressed concerns over high inventory levels and plans to discuss the issue with the Society of Indian Automobile Manufacturers (SIAM). FADA President Manish Singhania highlighted challenges faced by dealers, emphasizing the need for continuity in policies like FAME-3 and infrastructure development. Singhania noted that high inventory levels can impact dealerships negatively, especially if they exceed 30 days. He urged for collaboration with SIAM to address the issue and emphasized the importance of maintaining manageable inventory levels to avoid a repeat of the challenges faced in 2018-19.

Modi 3.0 will take its efforts for India's security to next level: Union Home Minister Amit Shah

Amit Shah, the Union Home Minister and Minister of Cooperation, reiterated commitment to enhancing India's security under Modi 3.0, focusing on countering terrorism and insurgency. With a vision to empower farmers and villages, Shah emphasized strengthening security initiatives in line with PM Modi's vision for a secure Bharat.

Gold Price Today: Yellow Metal opens flat at Rs 73,239 per 10 grams, silver rises Rs 3,200 in a day

Gold and silver prices at MCX remained flat with gold opening at Rs 73,239 per 10 grams and silver at Rs 93,650/kg.

Nifty Bank pares gains but closes above 49,200; next target seen at 50,000: Experts

Tracking positive global cues, Nifty Bank rose 237 points to close at 49,291. The index saw some profit booking above the 49,600 level. PNB, Bank of Baroda and SBI closed with gains of 1-3%.

After two Lok Sabha iterations, multiplayer politics on the national level gets its mojo back

We, along with Modi, are entering uncharted waters now. Uncharted not for India, of course - which has had plenty of trysts with coalition governments since the time pre-millennials can remember - but for the PM on his third gig unfamiliar with power-sharing, and for us, not knowing how he'll handle anything more than his own set of demands.

When will Sensex, Nifty bounce back to pre-election level? Check top predictions

Investors worry about Modi 3.0's reform push due to coalition dependence, causing market volatility. Historically, post-election, Nifty rebounds, but rich valuations concern FIIs. Analysts predict normalization, and suggest call spreads. JPMorgan targets 22,000, while Bernstein predicts 23,500.

Infrastructure stocks: With more clarity a stronger round of re-rating in Modi 3.0? 7 infra stock with upside potential of up to 33%

Couple of months back PM Modi had mentioned his priorities of Modi 3.0. The first word which was used was infrastructure and then subsequently others. There should not be any surprise given the fact that even in the last ten years, infrastructure has been a priority. What has changed is that in the first five years, it was the clean up of the books and debt which was taking place. In the next five it was both, lowering debt, higher order book and now with books much better placed, much less litigation, now when the order book gets bigger as the focus on infrastructure continues the increase is likely to be more visible in margins and that increases the probability of even a strong and sustained rating. We take a look at infrastructure makers, which is very different from infrastructure owners. Though in some cases, these companies also have some projects where they have stakes.

Gene-based drugs show promise in lowering cholesterol levels, reveals new studies

The studies published in the New England Journal of Medicine highlight the potential of gene-based drugs in lowering cholesterol levels in individuals with naturally high lipid levels. These drugs, plozasiran and zodasiran, are RNA-based and target specific proteins involved in cholesterol regulation. They were found to significantly reduce triglyceride levels in patients with mixed hyperlipidemia, even those already taking cholesterol-lowering statins.

JSW Paints aims at matching industry-level profitability in 3-4 years

JSW Paints aims to match industry profitability levels in the next three to four years, targeting a 15-18% operating margin range. The paint-maker turned profitable at an operating level in 2023-24 with margins over 3% and crossed ₹2,000 crore in revenue. Now, it aims for ₹5,000 crore revenue by FY26. Despite pricing pressure from competitors like Birla Opus, JSW Paints is confident in its ability to compete and maintain its market share against established players.

DLF rental arm DCCDL's office rental income rises 7% to Rs 3,460 cr in FY24

DLF's joint venture with DCCDL saw a 7% rise in rental income from office buildings to Rs 3,460 crore in the last fiscal, driven by rent appreciation and asset portfolio expansion. The rental business, holding a majority stake, demonstrated healthy occupancy levels and low vacancies. With sustained growth in rentals and service income, DCCDL reported a 9% increase in consolidated revenue and an 18% rise in net profit.

US Weather: Severe weather conditions of level 3 declared, 13 million people may be hit hard

NOAA's Storm Prediction Center has declared Level 3 out of 5 risk of severe weather for parts of Indiana, Ohio and Kentucky that may affect 13 million people. The cities most likely to be hit include Indianapolis in Indiana, Columbus and Cincinnati in Ohio and Louisville and Lexington in Kentucky.