Page 4 - Elecon Engineering News Today

Kranthi Bathini says the confidence in the Indian economy is the reason for the market rally,even as he counts inflation, prolonged high interest rates and geoploitical crises among big risks

“For me, there is no purn viram, it is not a full stop. I will sell all my shares and go back and do something else. This is my life. This is my business. I have realised one thing. This concept of bull market and bear market is all rubbish. There is no bull market and bear market. Treat it as a business.”

Topping the list is Kintech Renewables stock, which has jumped 7 times in FY24 and given more than 40% return so far in the month. The smallcap stock with a market capitalisation of just Rs 1,500 crore hardly has any analyst coverage.

Mixed trends seen on the sectoral front, with bank, metal, capital goods and realty up 0.4-1 percent each, while power, FMCG, and oil & gas down 0.3-1 percent.

This remarkable surge underscores the resilience and growth potential of these companies, with Cera Sanitaryware, Data Patterns and Esab India taking the lead.

Currently, Rekha Jhunjhunwala publicly holds 26 stocks with a net worth of over Rs 31,901.4 crore. The investors portfolio has increased 28% from the March quarter to Rs 33,017 crore in the June quarter

If Nifty slips below its 20-DMA of 19,600, it might indicate a correction towards 19,300-18,888 levels.

As the stock market continues to exhibit its dynamic nature, several BSE SmallCap stocks have surged to new heights, hitting their 52-week highs on August 2. Investors were enthused as prominent companies like DB Corp, Dilip Buildcon, and DCM Shriram industries displayed remarkable performance, leading the rally.

Biggest losers on the Nifty were Hero MotoCorp, Tata Motors, Tata Steel, NTPC and Eicher Motors, while gainers were Divis Labs, Nestle India, HUL and Asian Paints

Yatharth Hospital & Trauma Care Services Ltd (Yatharth) operates three super specialty hospitals in Delhi NCR, viz., at Noida, Greater Noida and Noida Extension, in Uttar Pradesh (UP). Further, it acquired a 305-bed multi-specialty hospital in Orchha (Madhya Pradesh) near Jhansi (UP) (Jhansi-Orchha), which commenced commercial operations from 10 April 2022, and is one of the largest hospitals in Jhansi-Orchha-Gwalior region in terms of number of beds.