Page 59 - Rec News Today

Investors are eagerly awaiting the conglomerates management to highlight the way forward for monetisation of Jio and retail businesses. "Within the operating businesses, we believe Retail is the most interesting, but also the more opaque of RILs businesses given the lack of granular details," JP Morgans Pinakin Parekh said.

Local power companies are gearing up for the aftereffects of Tropical Storm Idalia.

​These companies are generating close to 17% kind of ROE. And because of green transition, existing conventional players are now getting benefit.

In the last one month nifty and sensex have corrected. But the sentiment has not corrected as the broader market is still in the control of bulls. But as they say volatility comes without any prior notice, so it would be better for oneself to be prepared and probably if one is thinking of taking exposure, staying with large caps might be a better idea. Coming on the list is a cement major and Auto ancillary company which has recently opened two dedicated plants for supplying part of electric veh...

“Some of these stocks do have value. They had not participated. They were deeply undervalued and now the market is finding some value in them. Some of these, especially the public sector stocks, could continue to do well on the back of strong order books, strong demand and growth in business.”

Even as the stock market corrects, small and midcap stocks are refusing to leave the party. On a number of days the breadth of the small cap segment is better than large caps. Coming on the list are stocks from infrastructure, FMCG and home appliances space. All of them have beaten the bearish phase of the last one month with a positive return in the last month. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and li...

“There are four-five stocks in each of these three themes in addition to the digital space and that is how we create our 20-stock portfolio. The concentrated approach in midcaps and smallcaps really makes sense rather than a diversified portfolio. But in the next six months, markets can head anywhere because flows are determining the returns today and the reality will come out only when the flows stop. ”

"The most recent lows are pretty good supports to hang on to. If 19,253 on the Nifty gets broken, we will probably see downside to 19,150; that would be our worst-case scenario. Right now, we are closely watching this breakout point. Similarly, on the Bank Nifty, there is the 20-week average which has held as a pretty good support and which was close to around 43,800. We did not break that on a weekly closing basis and if we stay above that for the rest of the week, then that would also be ...

“The entire power sector is going to get rerated and there could be a lot of room for them, especially PFC and REC. If somebody wants to play a proxy to power, then these are the companies with a limited downside and there could be a good upside from here also.”

In a remarkable display of upward momentum, several stocks within the Nifty 200 Index reached new 52-week highs on August 22. This surge is indicative of the robust momentum within the market and the resilience of these companies.