Page 16 - Includes Docubay News Today

Once again on Tuesday there were reports that the Chinese government is planning another push for revival with a special bond issue by their central bank. Now this is not the first time that they have made an attempt, probably a third monetary stimulus attempt. One cannot be sure of what they say and do, but theres another fact: over the last two decades there have been many issues which the Chinese economy has faced, right from debt to GDP concern to shadow banking to property crisis. They all ...

NRI investor Rajiv Jain of GQG Partners has increased his holdings in six Adani Group stocks despite the controversy surrounding the conglomerate caused by the Hindenburg report. GQGs ownership in Adani Enterprises, Adani Ports, and Adani Green Energy rose, while additional stakes were purchased in Adani Energy Solutions, Adani Power, and Ambuja Cements.

Around three months back a small liquor company, which has not been covered by any analysts and ignored by the street, announced that sales of its recently launched single malt had crossed a certain threshold. The market cap of the company went up three times in less than two months. After that stock has corrected but still is quoting very close to the high it had formed post the news. That is the power of a brand and also the fact at this point in time, the street is hungry for any new idea and...

One of the basic principles of figuring out whether the stock prices have bottomed out or have topped out is how they react to the negative and positive news. Now lets use the same thing on Infy, TCS and HCL tech Q3 results reaction. The companies which have seen muted growth and given similar guidance did not do something which was very different in Q3 results. No great expansion in margins nor any indication that tech spending is back in a major way. The only difference was the expectation of ...

If the reaction of the street to the Q3 result of large cap IT companies is anything to go by, it appears that ample liquidity and positive sentiment of the street would lead to reward for stocks wherever there is any positive surprise. But both sentiments and liquidity are fickle and one should be prepared for change in them at any point of time. One way to prepare is to stay with stocks from a sector which are defensive in nature and also to stay with companies which some development has led t...

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 ...

Vedanta Ltd has rallied over 20% in the last 3 months, breaking out from a falling trendline pattern. Short-term traders can buy the stock now, with a target of Rs 295-300 in 4-6 weeks. The stock rose from Rs 227 to Rs 274 in 3 months, and it has risen over 9% in a month. After a price-wise correction, the stock found support above the 200-week moving average and hit a 52-week high of Rs 340. It is now trading above crucial short- and long-term moving averages, with a bullish momentum.

Close to 5 sessions of correction at the start of new year and then again bulls come back from holidays and take control of the market. For investors who are looking to increase their exposure to stocks, it would be better to focus on fundamentals and if there is any improvement in them that has made the overall score go up in the last one month then have a look at those stocks. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pill...

In the last nine years, it has been government spending which has been at the forefront of capital expenditure. But if one goes by the recent estimates of sanctioned loans by the banks, there are indications that private sector capex which has been at the literally non-existent for quite some time might be coming back. Which sector in the capital good space will gain is a big question because capital goods and engineering is a very broad term. From a company making small machinery parts to one m...

Sometimes a rationale which goes against owning a set of stocks at the start of a bull run, comes in handy in the case of a correction in stock markets. There is one sector where business updates from companies talk in the common lingo. First one is: growth will be muted. Second, margins will be under pressure due to cost inflation and third, competition is increasing in different categories. The sector is FMCG where the narrative is that it is a bad time to buy FMCG stocks. Probably, it is tim...