The stock is up by nearly 9 per cent on an intraday basis even as it is up by almost 65 per cent on a YTD basis.  

Ramky Infrastructure is bound to benefit from low-interest-rate environment and with its annuity income and cash receivables, it can be a debt-free company in the coming years.

The stock is buzzing on the bourses since the last couple of trading sessions and also, attracted investors & traders, which is quite evident from the fact that it has seen price along with robust volumes.   

In one-month period, IRCTC is up by 21 per cent while on a YTD basis, it’s up by over 41 per cent.

On the options front, Nifty 15,700 Put option has seen a massive addition in the open interest of over 18.4 lakh in today’s session and with this, the maximum concentration of open interest on the Put side stands at 15,700 strike.

Analysts have been warning investors about the prospects of DHFL being valued to zero as a part of the deal where DHFL is being sold to Piramal Group. 

After fulfilling certain criteria, the SME stock can be migrated to the mainboard. So far, out of 338 companies listed on the SME platform, 103 companies have migrated to the mainboard as per the records published on BSE SME website.

Videocon Industries: Approval of the resolution plan by National Company Law Tribunal, Mumbai (NCLT) of Videocon Industries Limited and 12 other Videocon Group companies, under a consolidated corporate insolvency resolution process.

The stock trading at Rs 6.05 per share was up by 4.31 per cent with only bidders willing to buy the shares with no sellers. 

The company informed today that it has received an order from lndradhanush Gas Grid Limited (IGGL) for the supply of coated line pipes.

The market regulator, SEBI has imposed Rs 7 crore fines on Vivek Kudva and Roopa Kudva as they were found guilty of violating sections of the prevention of fraudulent trading practices. 

Balu Forge Industries Ltd (BFIL), a crankshafts manufacturing company announced today that it has entered into a memorandum of understanding (MoU) with Government of Karnataka for the construction of a manufacturing facility in Belgaum (Karnataka).  

The 20-day average volume of the stock stands at 3.78 lakh, whereas today’s volume in the first half of the trading session stands over 13 lakh. A massive jump in price backed with robust volume indicates buying interest in the stock.   

Among sectoral indices, Nifty IT is trading with gains of 1.45 per cent. Interestingly, the top two contributors in Nifty 50 are from Nifty IT namely, Infosys and TCS that have combinedly contributed 33 points to Nifty’s kitty. 

Creative Peripherals & Distribution Limited has announced that it has expanded its portfolio of Honeywell products to include a range of air purifiers and related parts. 

Given that real rates are low, inflation expectations are high and liquidity is likely to remain easy, any exposure to debt schemes above-average duration of three years is not recommended.

The stock gained almost 358 per cent in 2020 thereby, turning out to be one of the best multibaggers of 2020. After a stellar performance, the expectations from the counter remained subdued. Yet the stock is up by more than 70 per cent in 2021, so far.

The market opened in red on June 8, 2021.

The market opened in red on June 8, 2021, overall volumes in futures & options currently stand at 2,67,25,588 contracts with a turnover of Rs. 26,24,914.03 crore.

The market opened in red on June 8, 2021, overall volumes in futures & options currently stand at 2,67,25,588 contracts with a turnover of Rs. 26,24,914.03 crore.

The share prices of the AMC stocks have been on the rise in the past one month with FIIs showing interest in the AMC counters. Nippon Life Asset Management also made a fresh 52-week high for itself in today's trade. 

In a trendy market, even the poor-quality stocks participate on the upside. If we look at the constituents of BSE 500, we will find several stocks that were beaten down in the year 2020 and are still trading lower in 2021 from the closing levels of 2020 when Sensex had climbed 26.20 per cent despite massive market crash in early 2020. 

Infosys: Infosys collaborates with Archrock, the leading provider of natural gas compression services in the US, to integrate digital technologies and mobile tools for its field service technicians. 

While multibaggers are floating around in 2021, investors are spoilt for choice in 2021. A huge amount of wealth has been created in the past one year including five months of 2021.  

The world’s largest manufacturer of motorcycles & scooters, Hero MotoCorp announced its reinvigorated strategy for the Nigerian market. Moving further to strengthen its robust market presence, the company launched a new motorcycle, especially for the Nigerian market.

The market continued its momentum in 2021 with Sensex hitting record highs along with the mid-cap indices. The broader markets participated in the rally and enthused investors to participate actively in the markets. The optimism of such kind usually sees quality and poor-quality stocks trend upwards. 

Markets are on a high ride and every day, new records are being made. Small-caps are attempting to become mid-sized while mid-caps are attempting to become large in market capitalisation. It is important that investors focus on quality when the markets are as heated as today.  

BSE, India’s leading exchange and the world’s fastest Exchange has crossed the milestone of 7 crore registered users based on Unique Client Code (UCC) on June 7, 2021.

Larsen & Toubro Ltd, a leading construction engineering company, announced today that it has secured significant contracts from affluent clients for its various businesses. 

DigiSpice Technologies, a next-gen technology company, announced this morning the launch of a new age start-up namely, ‘Korero Platforms’.

In this article, Akash Pharande, Managing Director - Pharande Spaces discusses how the housing market fared despite COVID-19. He is of the view that the pandemic has in many ways proven to be a booster for housing demand! Read the article to know more about it!

In technical parlance, Yes Bank witnessed a weekly stochastic crossover during Friday’s closing session. This is considered a bullish indicator and may help keep Yes Bank stock prices in green for the near term. 

Cues from the options data show that the level of 15,700 is a significant level to watch out for. The maximum open interest concentration on Call & Put side is seen at this strike. Interestingly, more than 25 lakh shares have been added in 15,700 Put option in today’s session itself.

There is a buzz in the markets that the company can get debt-free with its assets that produce annuity income and also, with the cash that it expects to receive from different government authorities for the work completed.

Welspun Corp Limited made an announcement on Friday after the market hours that it has received a licence to manufacture SAWH (Submerged Arc Helically Welded) pipes as per API Specification from American Petroleum Institute, USA.

Vakrangee Ltd entered into a partnership with NSDL Payments Bank Ltd to provide banking business correspondent (BC) services on a pan-India basis via its network of Nextgen Vakrangee Kendra.

Power Grid Corporation of India Limited made the announcement during the weekend that it has acquired Sikar New Transmission Limited (SNTL), the project SPV to establish a transmission system in Rajasthan.

The market opened in green on June 7, 2021.

The market opened in green on June 7, 2021, overall volumes in futures & options currently stand at 2,73,25,059 contracts with a turnover of Rs. 26,77,832.86 crore.

The market opened in green on June 7, 2021, overall volumes in futures & options currently stand at 2,73,25,059 contracts with a turnover of Rs. 26,77,832.86 crore.

BSE: BSE StAR MF, India's largest & leading mutual funds distributor platform has signed a memorandum of understanding (MoU) with Godavari Urban Multi State Credit Co-Op Society Ltd, Nanded (GUMCCSL) to deepen its network of over 70,000 registered distributors. 

GM Breweries has come out with excellent results this season with its net profits increasing by 114 per cent.

Whenever a stock price sustains over 200D EMA, it is considered bullish as it indicates the uptrend in the counter.

Bank of Maharashtra, trading at Rs 29.20 per share, is up by 183.41 per cent in one year and is also, up by 113 per cent on a YTD basis. In one month, the stock has gained by nearly 20 per cent; thus, catching investors' attention.

Privatisation drive by the Government of India is sentimentally positive for the PSU banks.  

Investors are betting on improvement in the financials of the company even as the stock at the current market price is expensively priced at over 297 PE multiple. 

Securities & Exchange Board of India (SEBI) is the watchdog of the securities market, which takes various measures to protect the interest of investors in the security market. 

When we meet investors in India, one of the most widely discussed topics is as to ‘which state has the maximum investing population?’ 

Interestingly, the step has been taken for a total list of 538 stocks, of which, the circuit limit of 158 stocks have been revised to 20 per cent including Bajaj Electricals, HFCL, Jindal Poly Films, Morepen Laboratories, Adani Power, Coromandel Engineering, Fineotex Chemicals, and Angel Broking.   

NHPC announced that it is incorporating a joint venture (JV) company with Jammu & Kashmir State Power Development Corporation Limited (JKSPDCL). The name of the joint venture company is Ratle Hydroelectric Power Corporation Limited.  

While BSE Energy index rose by 2.29 per cent since the onset of June 2021, the shares of a Gujarat-based natural gas transmission company skyrocketed by around 11 per cent for the same period of time.  

The pump market in India by revenue is expected to grow at a CAGR of over 7 per cent during the period 2021–2026 and the demand may be due to the increasing application of pumps in several end-user sectors, says Dinesh Patidar, Chairman and Managing Director, Shakti Pumps India Ltd.  

On Friday, Mahindra & Mahindra announced that its subsidiary, Mahindra Telephonics Integrated Systems (a JV between Mahindra Defence Systems Limited & US-based Telephonics Corporation) signed a contract with the Indian Ministry of Defence for the procurement of 11 airport surveillance radars (ARS).  

The global pharma major, Lupin Limited announced today that it has launched the authorised generic version of Brovana inhalation solution (Arformoterol Tartrate) of Sunovion Pharmaceuticals in the strengths of 15 mcg/2ml unit dose vials.   

The key market and economic news that impacted financial markets during the week.

RailTel Corporation of India Ltd has secured an order worth Rs 119.72 crore from Bharat Coking Coal Limited (BCCL).

Glenmark Pharmaceuticals Ltd, a leading pharmaceutical company, announced today that it has received USFDA approval for Theophylline extended-release (ER) tablets of strengths 300 mg & 450 mg. 

On Friday, the domestic markets remained volatile as Sensex erased morning gains to slide into the negative territory, trading at 51,976.11 levels, down by 0.6 per cent. Even then, some buzzing stocks locked in at their respective upper circuits, defying the subdued market sentiments.

During Friday’s trading session, the stock of Angel Broking Ltd has hit the upper circuit of 5 per cent and made a new 52-week high of Rs 834 per share. In the last one month, the stock of the company has risen by 95 per cent.

BSE StAR MF, India's largest and leading Mutual Funds Distributor platform has signed a Memorandum of Understanding (MoU) with Godavari Urban Multi State Credit Co-Op Society Ltd., Nanded (GUMCCSL) to deepen its network of over 70,000 registered distributors.

Inflame appliances has a unique business model where it has started manufacturing for other brands and therefore has been competing directly with Chinese suppliers. There is huge untapped opportunity in this space.  
 

During Friday’s trading session, the stock of Tide Water Oil Company (India) Ltd jumped almost 5 per cent and made an intraday high of Rs 12,670 per share. In the last nine days, the stock of the company has risen by 129 per cent.

RBI has said that going forward, the inflation trajectory is likely to be shaped by uncertainties impinging on the upside as well as the downside. The rising trajectory of international commodity prices, especially of crude, together with logistics costs, pose upside risks to the inflation outlook

The market opened in green on June 4, 2021.

The market opened in green on June 4, 2021, overall volumes in futures & options currently stand at 8,31,14,819 contracts with a turnover of Rs. 80,75,404.79 crore.

The market opened in green on June 4, 2021, overall volumes in futures & options currently stand at 8,31,14,819 contracts with a turnover of Rs. 80,75,404.79 crore.

Hemisphere Properties is one companies with zero sales and loads of expenditure incurred on the books and yet the company’s stock price is up by more than 4 per cent on intraday basis on Friday.  
 

The stock is up by nearly 53.5 per cent in the last one week and it has been on a streak of hitting the upper circuit. If this doesn’t excite you, the stock is up by a staggering 195 per cent on a YTD basis.   

Under the PLI scheme investor can expect to get incentive for incremental sales up to 20 times the committed investment. 
 

HBL power systems is trading at a PE of 94 while Nippo batteries or Indo National is trading at PE multiple of nearly 50.

Telecom stocks have been underperforming in 2021 with Bharti Airtel trading flat on YTD basis.  

BEML: In the wake of the second wave of COVID-19 pandemic as well as to mitigate the oxygen shortages in the country for COVID patients, BEML has successfully started manufacturing 960 LPM medical oxygen plants at its KGF complex in record time under a ToT agreement with Defence Bio-Engineering & Electro Medical Laboratory (DEBEL) under DRDO.

In over a five-year period the stock is up by 587 per cent and has been a darling of long-term investors.

Recently, Suzlon has bagged an order to supply 120 units of S120-140m HLT with rated capacity of 2.1 MW each from CLP India. 

There is good news for Praj Industries and sugar stocks as India brings forward the target for 20 per cent ethanol-blending in petrol from 2025 to 2023.  
 

As a result of this, it led to the formation of a bullish Marubozu candle. Despite this sharp upmove, the stock has underperformed when compared with the performance of Eveready Industries in the last one year.   

In today's trading session, Sensex and Nifty remained bullish throughout and touched record high levels. Sensex ended at 52,232.43 level, recording 0.74 per cent increase and Nifty ended at 15,690.35 levels, registering a 0.73 per cent increase.

Continuing with the diversification of its product portfolio, Ruchi Soya Industries Limited has entered into the nutraceuticals & wellness products segment with the launch 100 per cent vegetarian, preservative-free nutraceutical products to be marketed under ‘Patanjali’ and ‘Nutrela’ brands. 

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The markets soared today by crossing the 52,000 mark and gained 382.95 points. Sensex ended at 52,232.43 levels while Nifty closed at 15,690.35 levels, which are up by 114.15 points. With a positive trend shown by the markets, the investors are in the hope of exploring the untapped opportunities in the market.

Insights into the measures and ratios used to evaluate the financial statements of a company

Persistent Systems announced its plans to expand its current relationship with IBM further to help fuel open hybrid cloud adoption, core IT modernisation and digital transformation for its customers across the enterprise. 

Rossari Biotech Limited announced on Wednesday after the market hours that its board of directors has approved the acquisition of Unitop Chemicals Private Limited.

This section gives decisive investment rationales to our subscribers on the stock queries they have raised to our research team.

In this edition, we have reviewed Hero MotoCorp Ltd. and Prestige Estates Projects Ltd. . We suggest our readerinvestors to HOLD in Hero MotoCorp Ltd. and Prestige Estates Projects Ltd. 

The recommendations provided in this column are taken from various market sources such as brokers, analysts, dealers and investment strategists, etc. These recommendations may not be backed by strong fundamentals. Therefore we advise readers to use their own discretion before investing in these recommendation

Meanwhile, concerns about increasing inflation hovering on the horizon and also the strengthening of the rupee led the gold prices to trade strong in the domestic market

Snowman Logistics Ltd today has surged 15 per cent after it announced its strategic partnership with Hyderabad-based Dr Reddy's Laboratories to provide temperature-controlled end-to-end logistics solutions for the delivery of two-dose Sputnik COVID-19 vaccine across India. 

While the current rally is too fancy to last for long, cautiousness about sharp corrections may create a volatile stretch until the next earnings seasons

SMEs belonging to a wide range of sectors like IT, automotive components, pharmaceuticals, infrastructure and hospitality strive to gain more brand image, improved credit rating, easy financing and growth opportunities

With the Nifty touching all-time highs and surprising market participants with tremendous gains in 2020 and 2021 alike, it is the category of small-cap stocks that is actually making a difference in an investor's portfolio by not only outperforming Nifty in the past one year but by also delivering a broad-based market rally, thus allowing a majority of the investors to book profits. Yogesh Supekar highlights the trend in the smallcap universe while also focusing on the top-quality performers in the small-cap space

After a tough period of survival, the NBFCs are back in the reckoning with improved system liquidity and strong capital buffers that have helped majority of NBFCs to disburse loans 

Santhosh Kumar
Vice Chairman ANAROCK Property Consultants

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