Stock Market Highlights: Indian equity benchmarks Sensex and Nifty50 extended gains to a second straight day on Wednesday, tracking strength across global markets despite increasing cases of the Omicron variant of COVID-19.
“India is already trading at a much higher premium to other emerging markets than it has in the past.
There are strong orderbooks and expectations in terms of solid revenue growth, both in dollar and constant currency terms. Attrition seems to be a huge issue across the industry…
Large names like Infosys,Tech Mahindra, Wipro, and select midcap names like Tata Elxsi and Mindtree are where where I think there is a lot more happening in terms of structural drivers, and in terms of revenue growth,” he added.
Legendary investor Rakesh Jhunjhunwala-backed Metro Brands’ shares gained some strength after a weak debut in the secondary market on Wednesday.
Exchange-traded fund Nifty Bees, which tracks the 50-share Nifty index, saw a record turnover of Rs 281 crore on December 21.
Zee, being one of the largest players in the Indian TV industry, is doing well despite the digital threat,” he said.
“I do not see a re-rating story from here in the short-term, but takes Zee probably 5 years back when it was the best-listed media property.
But in addition to this cement, it has got a super, huge land bank in Chennai and water property in Andhra.
Pimavanserin is used to treat the symptoms of a certain mental/mood disorder that might occur with Parkinson’s disease.
On the Multi Commodity Exchange, gold February futures were ruling 0.3 percent down at Rs 48,099 per 10 gram, as against the previous close of Rs 48,240.
Our Fy22 revenue is likely to be around Rs 3,000 crore and we see margin improving over FY21 along with a capex of Rs 200 crore to come on stream in Q3.
On Tuesday, Radhakishan S Damani family, the promoters of retail chain D-Mart, said it has picked up over 62 lakh shares or 1.6 percent stake in India Cements through open market transactions between November 22 and December 20, 2021.
“In the newly created role, Jhaveri will be responsible for business development, strategy, M&A, capital allocation and corporate finance,” PEL said in a statement.
In the rights issue, the company will make an offer to existing shareholders to buy additional shares in the company, at a discounted price.