Page 1219 - Markets News
India leads in valuation premium but not in EPS growth, shows data
As per an analysis done by CLSA, India price-to-earnings (P/E) multiple is nearly 30 per cent higher than its historical average
 "India leads in valuation premium but not in EPS growth, shows data")
Book profit in realty stocks as rally may hit valuation hurdle: Analysts
Investors holding the stocks could partially book profit; new investors should wait for correction to enter the pack
 "Book profit in realty stocks as rally may hit valuation hurdle: Analysts")
India 'coolest party in town' for all global investors: Zerodha Co-Founder
The big change in India in the last decade has been that entrepreneurship has moved from something that was only aspired or watched in movies to everyone "actively trying" for it
 "India 'coolest party in town' for all global investors: Zerodha Co-Founder")
Barclays raises target on Europe's STOXX 600 to 510 from 485: Report
The new target represents a roughly 7 per cent upside from current levels
 "Barclays raises target on Europe's STOXX 600 to 510 from 485: Report")
Five NBFCs look to raise Rs 2,750 crore via public issue this month
The proceeds from the issue will be used for interest payment of existing borrowings, further lending, business operations and expansion plans
 "Five NBFCs look to raise Rs 2,750 crore via public issue this month")
Sensex ends 272 pts up as RIL, HCLTech, ICICI Bank jump up to 3% in fag end
Stock market highlights on January 10: The S&P BSE Sensex closed 271 points higher at 71,656, as it recovered from the day's low of 71,111. The NSE Nifty 50 climbed 74 points to end at 21,619
 "Sensex ends 272 pts up as RIL, HCLTech, ICICI Bank jump up to 3% in fag end")
465 BSE stocks freeze in upper circuit; Network18, Motisons, ITL zoom 20%
Among individual stocks, Cochin Shipyard was up 20 per cent at Rs 802.40, also its record high on the BSE. The stock turned ex-date for the sub division of equity shares in the ratio of 2:1
 "465 BSE stocks freeze in upper circuit; Network18, Motisons, ITL zoom 20%")
Q3 preview: Infosys profit seen falling 7% YoY; wage hikes to erode margins
Infosys is likely to report a 7 per cent YoY fall in its net profit for the reporting quarter to Rs 6,108 crore, show brokerage estimates
 "Q3 preview: Infosys profit seen falling 7% YoY; wage hikes to erode margins")
ICICI Bank ends Axis' 16-year run as rupee bond market king on higher sales
Axis Bank, which dominated the local-currency bond market from 2007 to 2022, came in third after arranging 763.5 billion rupees of transactions
 "ICICI Bank ends Axis' 16-year run as rupee bond market king on higher sales")
This smallcap stock is up 8%, has zoomed 67% in one month; here's why
On January 1, Surya Roshni had said that it's lighting and consumer durable business is debt free i.e. completely borrowing free segment as on December 31, 2023.
 "This smallcap stock is up 8%, has zoomed 67% in one month; here's why")
Q3 preview: TCS likely to report single-digit growth in revenue, net profit
As per an average of six brokerage estimates, TCS is likely to report a net profit of Rs 11,617 crore for the quarter, up 7 per cent from a year ago. Sequentially, this could be 2.4 per cent higher
 "Q3 preview: TCS likely to report single-digit growth in revenue, net profit")
Cochin Shipyard soars 8% on turning ex-split; up 148% in 6 months
The company had fixed January 10 as the Record Date for the proposed 2:1 stock split.
 "Cochin Shipyard soars 8% on turning ex-split; up 148% in 6 months")
Olectra Greentech surges 23% in one week on healthy business outlook
The company had said the strong demand continues with its net order book position of electric buses standing at 8,209 numbers after delivering 214 buses in H1.
 "Olectra Greentech surges 23% in one week on healthy business outlook")
Indian markets lead in valuation premium but not in earnings growth
South Korea and South Africa are expected to be the top markets in earnings growth for the next two financial years
 "Indian markets lead in valuation premium but not in earnings growth")
This SME group stock has zoomed over 100% in just 7 trading days
The stock of the small and medium enterprise (SME) has more than doubled or zoomed 102 per cent in last 7 days from a level of Rs 64.80 on January 1, 2024
 "This SME group stock has zoomed over 100% in just 7 trading days")
Stock with work orders in Lakshadweep, Ayodhya has zoomed 91% in 15 days
The stock of Praveg hit a new high of Rs 1,210 and was trading higher for the third straight day, having rallied 46% during this period
 "Stock with work orders in Lakshadweep, Ayodhya has zoomed 91% in 15 days")
Stocks to Watch: Delta Corp, Vedanta, KIOCL, Power Grid, M&M, IRCTC, Lupin
Stocks to Watch on January 10, 2024: The company reported 15 per cent YoY decline in Q3 consolidated revenue to Rs 231.7 crore. Net profit slumped 59 per cent to Rs 34.5 crore
 "Stocks to Watch: Delta Corp, Vedanta, KIOCL, Power Grid, M&M, IRCTC, Lupin")
Buy Glenmark Life, Amber for up to 8% upside, recommends HDFC Securities
On the broader market outlook, Vinay Rajani technical & derivative analyst of HDFC Securities expects Nifty to face resistance around 21,750.
 "Buy Glenmark Life, Amber for up to 8% upside, recommends HDFC Securities")
Nifty IT index trapped in consolidation range; Auto nears major hurdle
According to Ravi Nathani, an independent technical analyst, the Nifty IT index is seen consolidating in the 35,300 - 34,400 trading range.
 "Nifty IT index trapped in consolidation range; Auto nears major hurdle")
Public issues of corporate bond zoom to four-year high, shows data
As of November, Power Finance Corporation raised the highest amount -- Rs 2,824 crore
 "Public issues of corporate bond zoom to four-year high, shows data")