POPULAR VEHICLES AND SERVICES SHARE PRICE
These largecaps have ‘strong buy’ & ‘buy’ recos and upside potential of more than 25%
While the recent up move in large caps has made them cover some of the differential which has developed in the valuations between mid and large stocks. If one looks at the long term average, there is still a scope of mean reversion. It might happen in both ways, mid-cap witnessing some profit booking and large caps doing relatively well in the corrective phase of the markets. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". The screener applies different algorithms for all BSE and NSE stocks.
Stars are aligning! Vodafone Idea share price targets increase after tariff hike
Vodafone Idea's target price sees a boost post-tariff hike, reflecting industry trends. Kotak Equities emphasizes low ARPU in India and the need for Jio to seize monetization opportunities.
73% IPOs trading above issue price as primary market shines in H1, four turn multibaggers
The fundraising of Rs 26,272 crore, however fell short of the previous two years likely due to the absence of mega issues. Investors' reception also remained positive with only one failed IPO.
Extent and frequency of tariff revisions crucial for financial health of telcos
Following the increase in tariffs, the stock of Reliance Industries rose by 2.3% on Friday to close at Rs 3,131.9. On the other hand, stocks of Bharti Airtel and VIL were under pressure, falling by 1.8% to Rs 1,445.4 and by 3.4% to Rs 17.9 in that order amid profit booking after a recent surge in their prices.
Allied Blenders and Distillers share allotment likely today. Here's how you can check status
Visaman Global Sales IPO allotment finalized, Allied Blenders and Distillers focus on premium brands like ICONiQ White Whisky and Srishti Whisky.
Akme Fintrade shares see a moderate listing. Should you exit?
Akme Fintrade, a rural and semi-urban-focused NBFC, had a moderate listing on Wednesday. Its shares opened at Rs 127, marking a 5.83% increase from its issue price of Rs 120. This performance contrasts sharply with the earlier excitement indicated by a higher pre-listing GMP. Despite receiving decent oversubscription, analysts noted that Akme Fintrade's cautious listing suggests investor restraint.
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Akme Fintrade shares list at 6% premium over issue price
Ahead of the listing, the company's shares were trading in the unlisted market with a Grey Market Premium (GMP) of Rs 18. The IPO, consisting solely of a fresh equity sale of 1.1 crore shares, was oversubscribed by 53 times at closure. Due to intense competition in the domestic NBFC sector, analysts expressed caution regarding the IPO.
Akme Fintrade shares to list tomorrow. What GMP signals ahead of listing?
With a strong financial performance and growth trajectory, our upcoming listing is poised for success. The oversubscribed IPO reflects investor confidence in our business model and potential for further expansion. Partnering with industry experts like Gretex Corporate Services ensures a solid foundation for future growth.
These largecaps have ‘strong buy’ & ‘buy’ recos and upside potential of over 20%
Just because the Nifty has been trading in a volatile mood for the last few trading sessions, the word correction might be heard on the street. The fact is that if one looks at the internal of the markets, there has been an ongoing correction which is taking place which has been largely guided by the numbers which companies have delivered for Q4. Also there is a kind of sectoral correction taking place. The good part is that such kind of sectoral corrections are indicative of underlying bullishness and these corrections are part of any bull run. The only thing any investor needs to make sure is that in any corrective phase, bias when making fresh investment should be toward large cap stocks as there is a possibility that they would see less damage in corrections which are stronger in nature due to global or macro developments. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". The screener applies different algorithms for all BSE and NSE stocks.
These largecaps have ‘strong buy’ & ‘buy’ recos and upside potential of over 20%
Just because the Nifty has been trading in a volatile mood for the last few trading sessions, the word correction might be heard on the street. The fact is that if one looks at the internal of the markets, there has been an ongoing correction which is taking place which has been largely guided by the numbers which companies have delivered for Q4. Also there is a kind of sectoral correction taking place. The good part is that such kind of sectoral corrections are indicative of underlying bullishness and these corrections are part of any bull run. The only thing any investor needs to make sure is that in any corrective phase, bias when making fresh investment should be toward large cap stocks as there is a possibility that they would see less damage in corrections which are stronger in nature due to global or macro developments. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". The screener applies different algorithms for all BSE and NSE stocks.
Not so well known stakeholders of EV ecosystem: 8 stocks that don't come instinctively, 3 with an upside potential of more than 18%
We also have a whole list, but we have separated the eight companies, just because these companies are not the names which one would instinctively think about and probably they may have more to go as they form this index.
Stock Radar: This battery maker stock turned multibagger in a year; what should investors do?
Exide Industries has given massive returns to its investors in a year and according to experts there is more steam left in the stock. The stock has an upside of 143% in a year. After consolidating in a narrow range for the past few weeks, it gave a breakout from the same this week. The sudden rise followed by consolidation resembles a breakout above a Flag & Pole pattern.
Auto component industry to double investment to $7 billion; Craftsman Automation could give 19% return
Auto component industry to double investment to $7 billion; Craftsman Automation could give 19% return. Premiumization trend drives shift to 'premium' vehicles. UV mix in PVs at 60% in FY24. 125cc+ segment in motorcycles at 52% in FY24. Social media influences rural trends. Finance accessibility boosts premiumization. India targets net zero emissions by 2070, promoting EVs and biofuels.
Bearing the brunt today, but good for long term: 6 stocks from the financial services sector with upside potential of up to 30%
For all those who were again thinking why the financial services sector stocks are leading the recent phase of decline. A look into FPI holding patterns would throw the answer. It is the financial services, including banks where FPIs have the maximum exposure, so if they are booking profit, the first round of selling is bound to come in the sector where they have maximum holding.But there is another part to the story, which is when they come back, it is the very same sectors where they buy the first, because financial services and banks are the best proxy play to GDP growth. Also the fact that the majority of these stocks have ample liquidity plays an important part in the kinds of strong moves these stocks see.
Jamnagar-based Winsol Engineering’s IPO GMP soars over 250% as issue booked 400x on last day
The IPO is entirely a fresh issue of 31.15 lakh shares and through the issue, the company aims to raise nearly Rs 23 crore. The company is offering its shares at Rs 71-75 apiece, and investors can bid for 1,600 shares in one lot.
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 39%
Yesterday, all thanks to news reports that change in tax laws might be getting tweaked, once again bears were spotted on the street. Though by evening, all those reports were denied by the government. The fact is that because valuations are high the extent to damage was higher. There is a probability of a selective correction taking place, which is essentially led by the profit booking. At this time if one is looking to increase exposure, it would be better that they should look for stocks where there are some improvements in the business operating matrix that tend to weather the storm better. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
$17.7 billion worth of shares to enter market in next 3 months as IPO lock-in expires for 66 cos
The value pertains to the total lock-up opening shares and it is important to note that not all of these shares will come for sale as a sizable portion of these shares are also held by promoters and groups.
Popular Vehicles shares make a tepid debut, but analysts are bullish. Here's why
Despite a tepid debut, analysts are positive about the company's prospects in the medium- to long-term horizon, betting on the strong demand growth for the automobile industry.
Popular Vehicles and Services shares list at 2% discount to IPO price
Popular Vehicles IPO debuted with discounts on NSE and BSE. The company's revenue segments include passenger, commercial vehicles, and electric vehicles. It closed on March 14 with a P/E of 28.9x based on FY23 earnings.
Popular Vehicles & Services IPO to list on Tuesday. What does GMP signal?
Considering the upper price band of Rs 295, the stock is expected to see a flat or even a discounted listing, keeping in trend with the last few debuts, which were muted.
Popular Vehicles and Services IPO allotment: Here's how you can check status
Popular Vehicles and Services is close to finalizing share allotment after a 1.23 booking issue. Investors can check status on BSE or registrar website. IPO fully subscribed with a flat debut. Strong FY23 performance with no GMP.
Popular Vehicles and Services IPO fully subscribed on final day: Check subscription, GMP and other details
About 50% of the offer is reserved for qualified institutional buyers, 35% for retail investors and 15% for non-institutional investors.
Popular Vehicles and Services IPO: Check subscription on Day 2, GMP and other details
The retail portion of the offer was booked 77%, followed by NIIs at 20%. The category reserved for institutional investors is still blank.
Popular Vehicles and Services IPO: Check subscription on Day 1, GMP and other details
The initial public offer (IPO) of Popular Vehicles was subscribed 18% so far on Tuesday, the first day of the bidding process. The issue received bids for 25 lakh shares as against 1.44 crore shares on offer.
Popular Vehicles IPO opens for subscription. Should you bid for Rs 602-crore offer?
The Popular Vehicles IPO opens today after raising Rs 180 crore from anchor investors on Monday. The IPO is made through the book building process, with allocations for qualified institutional buyers, retail investors, and non-institutional investors. The company saw revenue growth and profit after tax (PAT). ICICI Securities, Nuwama Wealth, and Centrum Capital are the book-running lead managers.
Popular Vehicles and Services IPO opens tomorrow. 10 things to know before subscribing to the issue
Popular Vehicles & Services IPO aims to raise around Rs 602 crore. The company, with diversified automobile dealerships, caters to the complete vehicle ownership life cycle and had a strong financial performance in FY23.
At Popular Vehicles, job cards score over sales, making its issue a long-term bet
The Kerala-based company has demonstrated a disproportionately high share of operating profit from the superior-margin services business compared with new car sales, thanks to its strong last-mile network in the southern states.
Popular Vehicles sets price band of Rs 280-295 for its Rs 602-crore IPO
At the upper end of the price band, Popular Vehicles plans to raise about Rs 602 crore. The company filed its draft papers in October 2023 and received approval from the regulator in December 2023. The issue is a combination of fresh equity issue of 84 lakh shares and an offer for sale (OFS) of 1.19 crore shares, which will be offloaded by Banyan Tree Growth Capital.
BLS E-Services, Popular Vehicles get Sebi approval to launch IPOs
BLS E-Services IPO: BLS E-Services, a subsidiary of BLS International, runs a web-enabled services portal to access various services provided by the government and service partners. The company claims to provide end-to-end integrated solutions to various services availed through this portal.
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