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As the second wave of the pandemic hit the economy and various businesses, well-known investors of Dalal Street loosened their purse strings to buy some beaten-down stocks. These stock pickers, whose purchases and sale of stocks are tracked by market participants, raised their bets or bought afresh shares of financial, metal and textiles companies in the June quarter. For instance, Rakesh Jhunjhunwala’s name showed up in June quarter holdings of Indiabulls Housing and SAIL with 2.17% and 1.39% stake, respectively. Jhunjhunwala increased stake in Edelweiss by 0.4% but lowered stake in Titan, TV18 Broadcast and Autoline Industries. Chennai-based investor Dolly Khanna’s name showed up in June quarter holdings of Deepak Spinners and Nitin Spinners, in which she owns 2.1% and 1.2% stake. Investors’ holdings of over 1% in companies appear in stock exchange disclosures. ....
’ Not just big names, even retail investors and institutional investors piled on select stocks from the sector. In 2021 till now, 38 stocks from this space have delivered multibagger returns; 24 have more than doubled since April 1, reflecting solid investor interest. This is reminiscent of the rally in metal stocks that multiplied between October 2020 and May 2021. This is at the time when the situation is yet to turn favourable for the business. JM Financial expects home textile players to report sequentially flat profit growth in Q1. However, things may change drastically from here on. Analyst commentaries have turned bullish on the textile sector. In the financial year 2021, the home textile segment saw a 7-8 per cent drop in revenues. However, that is likely to grow 20-22 per cent this financial year, said Crisil. ....
ख़बर सुनें इंजन नंबर-28703 के सहारे छावनी रेलवे स्टेशन से बांग्लादेश के लिए स्पेशल पार्सल ट्रेन रविवार को दोपहर एक बजे की जगह 4.33 बजे रवाना हुई। ट्रेन संचालन की जिम्मेदारी रेलवे द्वारा सहारनपुर हेडक्वार्टर के लोको पायलट पंकज कर्णवाल और गार्ड देवेंद्र कुमार को सौंपी गई है। ट्रेन के 20 कोच में 486 टन धागा भेजा गया है, जो 2 दिन में 1780 किलोमीटर का सफर तय कर बांग्लादेश के बॉर्डर पर पहुंचेगा।< ....
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