Axis Securities stated that easing supply chain conditions and cool-off in commodity prices, provide a breather from high inflation.
Veteran investor Ekansh Mittal, is also one of the youngest equity investors in the country. In this exclusive interaction with BT, he opens up about 9 multibaggers that he spotted which ended up giving him tremendous returns.
In a report on August 19, the brokerage said that the recent cool-off in key commodity prices comes as a breather for global equity markets.
While the market sentiment has been jittery owing to the rising crude and palm oil prices, yet the recently released financial results show that at least 9 companies in the BSE 500 index managed to report over 100 per cent jump in their profit for Q1. Take a look.
Rakesh Jhunjhunwala, Dolly Khanna, Ashish Kacholia, Anil Kumar Goel, Vijay Kedia take their picks. See list here.
Analysts on Dalal Street believe that investors should keep an eye on export-oriented sectors as the rupee slipped to a fresh all-time low of 80.06-mark against the US dollar on Tuesday. The local currency has depreciated nearly 8 per cent on a year-to-date (YTD) basis due to the strengthening greenback and Fed’s monetary tightening bias despite the weakening growth outlook.
According to market analysts, small stocks are generally bought by local investors, while overseas investors focus on blue-chips.
Data showed that at least 60 stocks on the BSE have rallied over 250% since October 19, 2021, when the benchmark equity index BSE Sensex hit its all-time high of 62,245.43. Since then, the 30-share index has plunged nearly 13% to date.
With a rally of 26%, shares of Talbros Automotive Components have outpaced the benchmark equity index BSE Sensex on a year-to-date basis till July 5.
Following the heavy selling in the equity markets, the market value of BSE-listed firms retreated to Rs 245 lakh crore on June 28, 2022 from Rs 266 lakh crore on December 31 last year.
BT has collated a list of companies which may deliver a return of up to 74 per cent after witnessing up to 64 per cent correction from their 52-week high levels. Have a look.
Shareholding pattern of well-known investors including Rakesh Jhunjhunwala, Radhakishan Damani, Ramesh Damani, Ashish Kacholia, Anil Kumar Goel and Dolly Khanna are followed by many investors on Dalal Street. Here's a look at some multibaggers they own.
The sector is in the sweet spot due to structural changes, thanks to various government initiatives which ensure the financial position of the companies remains healthy.
Market analysts are advising investors to zero in on valuations before lapping up the Adani group of stocks.
The stock has been on a downward trend ever since the company posted earnings for the quarter ended March 2022.
In the equity market, there are a couple of case studies which have halted investors’ wealth creation journey after delivering a massive return in the long run. This multibagger is one such example.
As per the shareholding pattern for Q4FY22, ace investor Rakesh Jhunjhunwala along with his wife Rekha Jhunjhunwala held 3.65 per cent stake in Federal Bank.
ICICI Prudential Mutual Fund is overweight on these major sectors.
The latest shareholding data showed that these market veterans have bought a couple of stocks for the latest quarter ended March 31.
The stock closed 1.57 per cent higher at Rs 772.60 against the previous close of Rs 760.65.
Domestic equity market may continue to deliver a double-digit return to investors in the next financial year – this is the prediction made by select analysts on Dalal Street.
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