Shares of Marico rose nearly 5%, the biggest intraday gain in nearly four months to Rs 494.7 apiece after several analysts upgraded the stock despite the company reporting net income for the third quarter that missed average analyst estimate, post market hours Friday.
Impact on Nifty 50 fundamentals if IOCL exits Nifty 50
- Impact on Nifty 50 fundamentals if IOCL exits Nifty 50‘Look through earnings’ of the NIFTY 50 index will drop as IOCL’s expected free float earnings for FY22 stands at Rs 51 bn or 8x of Apollo Hospitals FF earnings.
- FY23 P/E of the NIFTY 50 index will increase by 1.3% as Apollo Hospitals’ FY23 P/E stands at 51x vs IOCL’s FY23 P/E of 6.3x.
- FY23 RoE will expand marginally to 14.9% from 14.8% post changes while growth profile for FY23 will improve to 18.4% compared to 18%.
~ ICICI Direct
AGS Transact Technologies listing: Shares make flat debut
AGS Transact Technologies shares made a flat listing on exchanges on 31 January 2022, as stocks opened 0.57% up at Rs 176 apiece from issue price at Rs 175 per share. At listing, the market capitalisation of the company stood at Rs 2,118.91 crore, according to BSE.
Nifty 17600 possible if index holds above 16800 post Budget
Key thing to monitor in the next week is that Nifty holding above 16800 post the Union Budget 2022 amid oversold conditions would open the doors for a technical pullback towards 17600.
Nifty may rally to 17500-17780; Here’s how to play Nifty and Bank Nifty this week
Nifty witnessed a sharp correction in the last two weeks along with some short rollovers from the January series. Uncertainties in the global market along with higher volatility ahead of the Union Budget 2022 have kept the index quite turbulent in the last couple of weeks.
Bharti Airtel Jumps As Analysts Expect Benefits From The Partnership With Google
Shares of Bharti Airtel Ltd. rose 1.7% to Rs 728 apiece after analysts expected the company to benefit from the partnership with tech giant Google.
Sensex, Nifty Open Higher; I.T. Stocks Lead Advance
Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic stock markets enter Monday’s trading session after a volatile week that saw Sensex slip 0.51% and the Nifty 50 end 0.3% lower. S&P BSE Sensex currently sits at 57,200 and the Nifty 50 is at 17,102. Ahead of the day’s trading session, SGX Nifty was up more than 100 points hinting at a positive start. Global cues were also suggesting positive momentum building up. Wall Street equity indices closed with large gains on Friday while Asian markets were up in the green.