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Sensex at 80,000: ICICI Bank, Nestle among top 7 stock picks of brokerages
Sensex crossed the 80,100 mark for the first time ever today, while it had achieved the 80,000 milestone on Wednesday. The journey from 70k to 80k was covered by the index in just 139 trading, its fastest ever. During this run, many stocks have shown a vertical rally, with the businesses performing extremely well. We have collated a list of stocks on which the brokerages have recently turned bullish:
M&M, Power Grid, 11 other stocks outperform Sensex in its fastest 10,000 points marathon
As a NEWS EDITOR, investors are urged by Nilesh Shah to maintain a long-term perspective and proper asset allocation as Sensex reaches the 80,000 milestone. He draws parallels with Nasdaq's history and notes Gold's outperformance compared to Nifty in the first half of 2024.
Auto & FMCG stocks offer support as Sensex settles 131 points higher; Nifty tops 23,500
Investors traded cautiously amid sectoral swings. Sensex closed around 77,341, Nifty sealed the day at 23,538. Sectorally, the gains were led by auto stocks, whose index was up nearly 0.9% and the FMCG pack, which rose around 0.72%. The Nifty IT, metal, PSU bank and pharma indices spoiled the market mood.
Monday blues! Heavyweights drag Sensex 400 points lower; Nifty below 23,400
The weakness was led by selling pressure in banks and metal stocks, while FMCG and consumer durables saw some buying amid sectoral rotation. IndusInd Bank fell around 3% and was the top loser in the Nifty pack, followed by 2% plus declines in Cipla, Tata Steel, and Adani Ports. On the other hand, defensives from pharma, FMCG, and IT - Sun Pharma, ITC, Nestle, TCS, and HUL - saw buying action.
Global PE very active in buying out promoter stakes in listed companies: Gautam Trivedi
But my view is that it is a global product and while we have seen consumption both for defence and railways and infrastructure explode in this country, thanks to the Modi government, I still think that the overall pricing is determined by global factors.So, if prices for steel, for example, were to fall in Shanghai, that impact does come through in our markets as well.
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Stocks in news: L&T Finance, Arvind, Nestle India, Sobha, Whirlpool India
Benchmark indices ended higher, Nifty at a record level. L&T Finance stake sale by Bain Capital, Arvind strike called off at Santej Plant, Nestle India dividend date change.
PNC Infra shares tank 10% following CBI raid on company
PNC Infra Share Price: PNC Infratech's shares experienced a sharp decline of 10% to Rs 470 during Tuesday's trading session on the BSE. This drop occurred following news that the Central Bureau of Investigation (CBI) had conducted searches at the company's corporate office and the residences of its managing director (MD) and whole-time director.
HCC shares jump 15% after Elara Capital initiates buy rating, sees 58% upside
Hindustan Construction Company (HCC) witnessed a significant surge of almost 15% to reach a peak of Rs 45.6 during Tuesday's trading session on the BSE. This increase came after brokerage firm Elara Capital initiated coverage on the stock with a 'Buy' rating and set a target price of Rs 63.
HUL shares rally over 16% in 2 days amid defensive buying; Jefferies sees upside potential of 10%
HUL surges 16% over 2 days due to defensive stock reallocation and Jefferies' upgrade. FMCG index outperforms amidst market volatility. Axis Securities recommends HUL and Nestle for 12-18 months amid uncertain political outlook and preference for quality, low-volatility stocks.
Tata Steel, Nestle India among 5 stocks with short buildup
A short buildup is when there is a rise in open interest and volumes along with a decrease in the price of the underlying stock in the Futures and Options segment. Short buildup means more people are expecting the prices to go down and creating short positions. In Thursday's trading session, five stocks witnessed a build of fresh short positions. Here's the list:
FMCG giants pivot to premium: Nestle and ITC lead with innovative strategies
FMCG giants like Nestle India and ITC are adopting innovative strategies to tap into the growing demand for premium products. Nestle plans to hire tasters and connoisseurs for its super-premium Nespresso coffee and boutiques, while ITC is leveraging AI and ML to predict demand and recommend products for its premium portfolio, including Fabelle chocolates and skincare.
Nestle India shares jump 3% as shareholders reject royalty hike
The jump in stock price happened after the MNC's shareholders turned down a proposal to increase royalty payments to Swiss parent Nestle. Results of a remote e-voting by shareholders show that 57.18% of the votes were cast against the proposal for increasing royalty from 4.5% to 5.25%.
F&O stocks: HUL, Bajaj Finance among 5 stocks with long buildup
When the stock prices move up and open interest on the counter also moves upward, it is taken as a sign of a long buildup. The signal is considered more reliable if the volume on the counter has also seen an increase.
Adani Enterprises, Nestle India among 5 stocks with top long unwinding
Long unwinding refers to selling of positions or stocks owned for a longer period either to book profit or to exit it in anticipation of impending bearishness. In Friday's trading session, five stocks witnessed a top long unwinding. Here's the list:
Nestle India shares drop 2% after Q4 results. Buy, sell or hold?
Nestle India's share price fell 2% to Rs 2,511.60 after Q4 results. Standalone net profit rose 27% to Rs 934 crore, revenue increased 9% to Rs 5,268 crore. Brokerages hold mixed views on the stock.
Sensex, Nifty set to rise for 6th session in a row led by gains in Tech Mahindra
Indian benchmark indices rose led by various sectors and specific stocks. Sensex and Nifty50 gained momentum, with positive outlooks from experts and global markets. Tech Mahindra showed significant growth post Q4 profits rise.
Hot Stocks: Brokerages view on Nestle India, Bajaj Finance & ACC; Goldman raises Zomato target price
Brokerage firm Goldman Sachs maintained a buy rating on Zomato, CLSA maintained an underperform rating on ACC, Goldman Sachs recommended a neutral rating on Nestle India and JPMorgan has an underweight rating on Tech Mahindra.
FMCG redux: Abneesh Roy on Nestle, HUL and Hatsun Agro results
Abneesh Roy discusses the impact of milk softness, margin expansion at Hatsun Agro, and cereal inflation in India. Despite global cost dependencies, strong pricing power persists amidst inflation concerns, offering a positive outlook for the future.
Inox Wind shares zoom 9% after board approves 3:1 bonus issue
Inox Wind's shares soared 9.2% on Thursday, reaching a new 52-week high of Rs 658.5 on the BSE, following the board's approval of issuing bonus equity shares in a ratio of 3:1.
Shares of Macrotech Developers drop 5% after Q4 results
Revenue from operations also grew 23% from a year ago to Rs 4,020 crore and the real-estate developer also recorded its best-ever quarterly and annual pre-sales performance.
Nestle India announces dividend of Rs 8.50 per share. Check record date
Nestle India announced a dividend of Rs 8.50 per share with March quarter results. The company reported a 27% increase in net profit year-on-year (YoY) for the said quarter.
Nestle India March quarter results today: Shares climb ahead of announcement
Nestle India's shares climbed 1% to Rs 2,530 during Thursday's intraday trading on the BSE in anticipation of the company's fourth-quarter results, scheduled for later in the day. Analysts predict a 17% increase in net profit to Rs 867 crore for the quarter ending March 31, 2024, based on the average estimates of three brokerages.
Experts find 'cheeni kum' in Nestle shares. Here's why
Expensive valuations make the FMCG stock less appealing for Motilal Oswal which has a 'Neutral' rating on the counter. Its target estimates a 2.5% downside over Thursday's closing price.
Nestle Ceralac controversy: Consumer protection regulator asks FSSAI to probe claims of co adding sugar in baby products
The Central Consumer Protection Authority (CCPA) urged FSSAI to investigate Nestle India for allegedly adding sugar to baby products. Sources say FSSAI is reviewing claims by Public Eye about higher sugar content in products sold in India compared to the West. NCPCR also requested FSSAI's scrutiny.
Sugar in baby food not the only issue that is troubling Nestle: Abneesh Roy
Abneesh Roy of Nuvama Institutional Equities discusses Nestle's sugar reduction, lack of sales impact from sugar issue, challenges with cocoa and coffee costs, and suggests Tata Consumer and Britannia over Nestle amidst stock corrections. Roy says, t"his 4% correction and maybe even a 10% correction from the top is not very big to warrant immediate interest from the investors.
Nestle India shares drop over 5% to record worst day in 3 years. Here's why
Nestle India's shares plunged 5.4% on Thursday to Rs 2,409.55 on BSE, following revelations of adding sugar to baby food in India but not in Europe or the UK. The health ministry expressed concern. This marked Nestle's worst single-day drop in 3 years.
RIL, banks drive Sensex 300 points higher, Nifty above 22,250; Infy in focus
Indian indices rose on Thursday with key players like Reliance Industries, HDFC Bank, and ICICI Bank leading. BSE Sensex and Nifty50 showed significant gains. Market focused on companies' March quarter results and Middle East tensions.
Mukesh Ambani-owned company's shares surge 14% ahead of Q4 results
The shares of RIL-owned chocolate manufacturer, Lotus Chocolate rallied 14% to hit a 52-week high of Rs 470 on BSE in Tuesday's trade ahead of its Q4 results which are due later today.
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