If it rains Sherlock had been planning to grab an umbrella. Fortunately there was no rain. We made the visitor sit down and served banana flower vada. Sherlock enjoyed it and started answering our questions.
It is a healthy thing for foreign investment companies to increase their investment in the Indian stock market!
“Of course. Foreign investment companies are increasingly investing in the Indian stock market. As a result, the market is booming. In the last September quarter, foreign companies invested Rs 1 lakh crore in 10 stocks. They have invested maximum Rs.24,898 crore in Tata Steel Company. Tata Steel’s share price has gained 14% during the quarter.
After this, foreign companies have invested Rs 22,017 crore in Bharat Electronics shares, Rs 15,680 crore in Bajaj Finserv shares, Rs 9,656 crore in Max Healthcare shares and Rs 8,807 crore in Bharti Airtel shares.
Apart from these, New Age has invested Rs 8,057 crore in Somate Do, a business type company. The stock is trading at Rs 76 below the IPO issue price.
Besides, foreign companies invested Rs 7,615 crore in ICICI Bank shares, Rs 4,495 crore in HUL shares, Rs 4,018 crore in GAIL shares and Rs 3,255 crore in ITC shares. are doing Long-term investors may consider this stock.”
Is Knowledge Marine and Engineering Works issuing preference shares… anyone know any details about who?
“Knowledge Marine and Engineering Works’ share price rose 5% in November 16 trade to hit a fresh high of Rs 918 on the BSE. The company’s share price rose 16% in the last three trading days after the company’s board of directors approved the issue of 5,65,000 preference shares of Rs 10 face value at Rs 700 per share to prominent investor Ashish Kacholia and other investors.
Its share price has increased by 250% in the last five months. While the Sensex has gained 2.8% in a year, its share price has increased by 740%.
Is the stock price of Naiga company falling?
“Last week, I said that Naiga’s share price was temporarily halted as the company declared bonus shares at the end of its IPO lock-in period on November 10. But since then, the share price has been experiencing high volatility.
Last November 16, the price fell as much as 9% to trade at Rs.175. At the end of the day’s trading, the price per share was seen at Rs.184.45. In the last two trading days, the BSE Sensex has lost 0.19%, while its share price has fallen as much as 15%. Its share price has registered a 50% decline in the past one year for its investors. As this stock has seen high ups and downs, many investors are at a loss as to what to do with this stock.”
Has Hindustan Zinc announced its second interim dividend?
“Vedanta Group’s Hindustan Zinc Company announced its second interim dividend on November 16. According to this information, it is offering its investors a second interim dividend of Rs 15.50 per share. The total cost for this is Rs.6,500 crore.
Its parent company, Vedanta, which holds 64.92% stake, has received a total interim dividend of Rs. 6,549 crore will get nearly Rs.4,252 crore. Similarly, the government, which holds a 29.50% stake in Hindustan Zinc, will get nearly Rs 1,932 crore out of the total dividend amount.”
Has Hindalco share price increased?
“While Hindalco’s consolidated net profit fell 36% to Rs 2,205 crore, its share price rose 5% to trade at Rs 449.90 on November 14. Its consolidated net profit was Rs 3,427 crore in the corresponding quarter of the previous financial year.
Market analysts and brokerage firms had predicted a major decline in the company’s profits due to lower aluminum prices. However, the company posted higher-than-estimated profit, and its share price has been on the upswing. Also, the company’s price has increased due to easing of Covid restrictions in China.
Motilal Oswal has recommended investors to buy these shares. It has increased its target price to Rs.520 from the previously fixed Rs.480. But JPMorgan has cut its target price to Rs 520 from Rs 560, giving it an overweight rating.”
Is there Reliance Industries, the ‘darling of Bengal’ that mutual fund companies invest heavily in?
“This is the time when second quarter results of companies are coming out. At the moment mutual fund companies are showing more interest in Reliance Industries shares. Although Mukesh Ambani-owned Reliance Industries Reliance slightly missed expectations in the second quarter, Reliance remains the favorite stock of most mutual fund companies. Apart from this, IndusInd Bank, Infosys. Mutual fund companies have invested heavily in stocks like HDFC and Dabur.”
Why has Nomura downgraded Eicher Motors?
“Nomura Brokerage Company has reduced the price range by pointing out that the demand for the vehicles manufactured by Eicher Motors Company has decreased and the competition for the company has increased. Further, the company has set a 12-month target price of Rs 3,438, down 2% from the current market price of Rs 3,505.”
What is the reason for Equitas Small Finance Bank share price increase?
“The reason is that RBI has allowed DSP Investment Managers to buy 9.99% of the company’s shares. After this news came out, the share price rose up to 12.64%. At the end of trading, it ended up up more than 5 percent. ICICI Securities has recommended to buy this stock. The target price has also been fixed at Rs.70.
Arrest of Aurobindo Pharma company director is shocking, why such action?
“After the Enforcement Directorate arrested Sarath Reddy, MD, Aurobindo Pharma, in the Delhi liquor scam, shares of the company fell 11.55% to trade at Rs 479 at the end of trading on the BSE on November 10. The stock fell as much as 14% to trade at Rs 464.50 during the day’s trading. This news is a good example of how small investors, not just founders, will suffer if the top brass don’t act properly.”
Was Inox Wind Energy Services’ IPO successful?
“INOX Wind Energy Services has issued new shares worth Rs 3,760 crore and shares worth Rs 370 crore through OFS. However, investors are eager to bid for 10.37 crore shares. That means investors have applied for 1.55 times more shares than the issued share size.
In this, small investors and qualified institutional investors have provided a large amount of support. At the same time, the contribution of high-net-worth individuals and non-institutional investors was slightly lower.
Inox Green Company will finalize the IPO share allotment by November 18, investors who have not been allotted shares in the IPO by November 21 will be refunded, and eligible investors will be refunded by November 22. The company also said that they will receive the shares in their demat accounts by the date.
How was Keystone Realtors’ IPO received?
“Keystone Realtors has launched an IPO to raise Rs 635 crore. The IPO has received overwhelming response from investors.
A total of 86.47 lakh shares were issued in this IPO. However, applications for 1.71 crore shares have been received from investors. Investors asked for shares at 1.99 times the issued volume.
High net worth investors applied for 3.03 times shares, retail investors for 48% shares and qualified institutional investors for 3.84 times shares. The company plans to use the Rs 560 crore raised through the new share issue to repay debt and acquire new real estate projects.”
How did Global Health’s stock trade on the listing date?
“Global Health, which operates hospitals and provides medical services under the Medanta brand, has issued new shares to raise Rs 2,206 crore through an initial public offering (IPO).
It was well received by high net worth investors and qualified institutional investors.
Retail investors bid 0.88 times the shares and non-institutional investors bid 4.02 times the shares. In this situation, this stock was listed on the stock market on November 16. Listed at a premium of 19% over the stipulated IPO price.
That is, the IPO price of this stock is Rs.336. But the stock is listed at Rs.401. Its share price rose to Rs 424.65 on the day. It traded at Rs.415.30 by the close of trade.”
Is Bigaji Foods’ IPO a success?
“The IPO shares of Bigaji Foods which was issued on November 3-7 last, were listed on the stock exchange on November 16. Its IPO price is Rs.300. But it was trading at Rs 321.15 on the BSE, up 7.5% when it listed on the stock market. It traded at Rs 322.80 on the NSE market.
The IPO has been well received by investors. Investors applied for 26.67 times the shares in this IPO, which was released with the aim of raising funds of Rs.881 crore.”
“Nanayam Good Reads” is a super online magazine that is published every Friday morning. My friends said that ‘Nanayam Good Reads’ (https://www.vikatan.com/vikatan-specials/11-nov-2022) which you published on real estate last week was very good. Your mission is to grow. The next issue is the 18th special issue! I’m excited to study,” said Sherlock, and left for home!
LIC Company It has released the results for the second quarter of the current financial year. Net profit increased to Rs.15,952. The company’s return on investment has increased by 40%. Premium income increased by 27%. Due to this, its share price rose up to 9% to trade at Rs 682.70 in Monday trading last week. But its share price fell again in late trading on Wednesday, trading at 642.65.