Stock Market News Reports [19-01-2022]

Zomato Has 1.03 Million Shares Change Hands In A Large Trade

  • Zomato has 1.03 million shares change hands in a large trade.
  • Details of buyers, sellers not known immediately

Hero Electric, Mahindra Announce Strategic Partnership In Electric Mobility

Electric Vehicles maker Hero Electric and Mahindra group announced collaboration in eletric mobility.

  • As part of the partnership, Mahindra group will manufacture Hero Electric’s Optima and NYX bikes at their Pitampur plant to meet the rising demand.
  • With this collaboration, Hero Electric aims to manufacture 1 million EVs per year by 2022.
  • The five-year deal is valued at around Rs 140-150 crore.
  • The deal also involves enabling electrification of Peugeot Motocycles’ portfolio through platform sharing

Source: Exchange filing

Tech, Banking Names Are Among Hottest India Stock Picks for 2022

The sustained boom in global tech spending, a revival of local housing demand and a rebound in bank earnings are expected to be among the key drivers of gains for India’s stock market this year.

Analysts remain bullish, projecting a rise of about 15% for the NSE Nifty 50 Index over the next 12 months, according to sell-side estimates compiled by Bloomberg. That’s on top of the gauge’s 138% rally from its March 2020 low, the best performance among the world’s major equity markets for this period.

Despite some concerns about lofty valuations and a gradual unwinding of easy-money policies, India’s benchmark is among those leading gains in Asia so far in 2022 with an advance of more than 4%.

Stock Market Tips For Today [19-01-2022]

Sapphire Foods India: IIFL initiated coverage of the stock with a ‘buy’ recommendation; price target set at Rs 1,850.

AGS Transact Technologies IPO Subscription Status: Day 1 Live Updates

The IPO of AGS Transact Technologies Ltd., kicked off on Wednesday.

The offering comprises an offer for sale of Rs 680 crore by its promoter and selling shareholders. The company has set a price band of Rs 166-175 per share for its three-day initial public offering.

Subscription Details: Day 1

The IPO was subscribed 0.31 times or 31% as of 11 a.m. on Jan. 19.

  • Institutional investors: 0 times.
  • Non-institutional investors: 0 times.
  • Retail investors: 0.62 times.

TV18 Broadcast Jumps Over 12% Post Q3 Results

Shares of TV18 Broadcast Ltd. rose over 12%, the biggest intraday gain in over five weeks, to Rs 55.15 apiece after the company reported a sequential growth in net profit and revenue in the quarter-ended December.

  • Consolidated net profit rose 35% QoQ to Rs 311.55 crore while revenue advanced 20% QoQ to Rs 1,567.08 crore. The company also reported its highest ever Ebitda at Rs 355 crore.
  • Trading volume on the stock was nearly nine times the 30-day average volume, at this time of the day.
  • The relative strength on the stock is at 74, suggesting it may be overbought

Source: Exchange Filing, Bloomberg

India Yields Most Higher

Most yields along the India sovereign yield curve rose, with 10-year bonds moving the most in Wednesday morning trading.

  • The 2-year yield remained unchanged at 4.685%
  • The 10-year yield rose 1.6bps to 6.643%
  • The 20-year yield remained unchanged at 7.02%
  • The 2-year-10-year yield spread was 195.8bps, vs previous close 194.2bps
  • The NSE Nifty 50 Index fell 0.7%

Source: Bloomberg

NTPC Has 1.75 Million Shares Change Hands In A Large Trade

  • NTPC has 1.75 million shares change hands in a large trade.
  • Details of buyers, sellers are not known immediately.

Source: Bloomberg

Max Healthcare Has 1 Million Shares Change Hands In A Large Trade

  • Max Healthcare Institute Ltd. has 1 million shares change hands in a large trade.
  • Details of buyers, sellers are not known immediately.

Source: Bloomberg

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Neal Bhai has been involved in the Bullion and Metals markets since 1998 – he has experience in many areas of the market from researching to trading and has worked in Delhi, India. Mobile No. - 9899900589 and 9582247600

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