Nifty Head towards 18,200 in Coming Months [02-02-2022]

We believe the risk-reward has turned favourable for long term investment as majorpart of the price wise correction (8%) is already over. Therefore, investors should use the current volatility in the markets to accumulate qualitystocks as we expect the Nifty to surpass the immediate hurdle of 17600 and eventually headtowards 18200 in coming months.

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Adani Wilmar IPO Subscription Status: Day 3 Live Updates

Adani Wilmar IPO Subscription: Retail and non-institutional investors continue to pile into the initial public offering of Adani Wilmar Ltd., a consumer goods joint venture between Adani Group and Wilmar Group, on the third day.

The IPO was subscribed 1.13 times on the second day and 57% on day one.

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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

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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.

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