Desi big boys set to become more powerful than FIIs in next few quarters
The gap between FII and DII holding narrowed to an all-time low in this quarter with DII holding now being just 13.11% lower than FII holding, shows PRIME Database. Key Points
Economic TimesRajesh Palviya handpicks Can Fin Homes, EIL among top 4 stocks that could give 10-20% return
The Nifty50 remained volatile during the budget week, closing at 21854 with a weekly gain of 501 points. The weekly chart shows a bullish candle with an upper shadow, indicating profit booking near the all-time high. If the Nifty crosses 22000, it may reach 22150-22300 levels, while breaking below 21700 may lead to a decline towards 21650-21500. The RSI indicator suggests a potential positive trend change. Here are 4 trading ideas for 10-20% returns in the next 3-4 weeks: Can Fin Homes, Engineers India Ltd, Hindustan Copper Ltd, and Oriental Hotels. Key Points
Economic TimesDespite selling by Dalal Street big bulls, 4 smallcap stocks turned multibaggers in Q3
Despite selling by mutual funds and foreign investors, Allcargo Terminals, PC Jeweller, and MSTC saw significant returns in the last quarter. Allcargo Terminals' stock hit a lifetime high with 102% returns and a decrease in mutual fund holding from 1.30% to 0.55% and FII holding from 8.22% to 7.61%. PC Jeweller gave 123% returns with MFs exiting the company and FIIs reducing their holding. Key Points
Economic Times9-month winning run! Vodafone Idea finds more subscribers on D-Street; who’s dialing in?
Despite customer disconnections, Vodafone Idea's stock value has tripled in the current financial year, with a nine-month winning streak. Both foreign institutional investors and mutual funds have steadily increased their holdings in the telecom operator. Mutual funds saw the maximum increase in ownership in the December quarter. The number of mutual fund schemes holding the stock also increased. Vodafone Idea's shares rallied on expectations of fund infusion and potential investments for 5G services. Key Points
Economic TimesJSW Energy, Godrej Properties among top 4 trading ideas which could give 11-21% in 3-4 weeks: Rajesh Palvi
Nifty closed at 22213 on 23rd February after a volatile week. Indecisiveness among participants indicated by the candle with shadows. Weekly strength indicator RSI above reference lines signals positive bias. Buy recommendations: Indus Towers, JSW Energy, Godrej Properties, Indiabulls Housing Finance. Technical analysis: Symmetrical triangular pattern, Fibonacci Retracement level, 20, 50, 100, and 200 days SMA, Bollinger Band. Key Points
Economic Times
Smallcap stock screener: FIIs, mutual funds consistently buying these 9 counters
The trend of smallcaps and midcaps outperforming largecaps continues into the new year. A screener reveals 9 smallcap stocks with consistent buying from mutual funds and FIIs in the last four quarters of 2023. Notably, Electronics Mart India, Ion Exchange (India), Bharat Bijlee, Prism Johnson, Procter & Gamble Health, Five-Star Business Finance, Carborundum Universal, BASF India, and Hindware Home Innovation have all seen increased institutional investor interest. These stocks have shown significant growth over the past year and are expected to benefit from various factors, including strong demand and industry tailwinds. Key Points
Economic TimesCompetition Commission clears JM Baxi Ports-HAL deal
Competition Commission of India (CCI) said it has given the approval for the acquisition of shareholding of JM Baxi Ports HL Terminal holding B.V. Key Points
FinancialexpressSP Group creates holding companies for infra and realty verticals to improve cash flows
The move will help improve operating cash flows since investments in long-lead businesses like infrastructure and real estate create timing mismatch, which puts debt burden on the balance sheet, officials said. Earlier all its diverse businesses, ranging from real estate and construction to oil and gas, were housed under one holding company - Shapoorji Pallonji and Co (SPCPL). Key Points
Economic TimesNMMC plans ₹25 crore rejuvenation of holding ponds, activists sceptical
Navi Mumbai plans to spend ₹27 crore to rejuvenate and maintain two holding ponds through a five-year contract. Activists question the need for such a large investment. | Mumbai news Key Points
Hindustan TimesSamvat 2080: Why Reliance & Poonawalla Fincorp are top picks for Dharmesh Kant
“Any cut in the interest rate will further fuel the lending side of the business and that is the reason why we have picked it up. From a target perspective, around Rs 450 is the target we are expecting on Poonawalla Fincorp from at least a year of holding. Price to book, it is expensive but that is how it is with the companies which are growing at a scorching pace.” Key Points
Economic Times
Retail rebellion in these 35 smallcap stocks spark rally, defy big money
35 smallcap stocks have seen increased stake from retail investors despite MFs and FIIs reducing their stakes. This has resulted in double-digit returns since October 2023, with stocks like Inox Wind Energy and Prestige Estates Projects showing the highest gains. In many instances, it has been noticed that retail ownership has become sizeable enough to even cross institutional holding. Key Points
Economic TimesWhy are Reliance and Grasim underperforming? Chakri Lokapriya answers
Holding companies always carry a discount and that holding company discount is there in Grasim as well. Capital allocation for a holding company keeps changing depending upon the company's preferences and therefore, assigning values in sum of the parts is always a problem. Second, large corporates are getting into paints business. Now margins are going to come down dramatically with competition coming. Key Points
Economic TimesDitched! FIIs dump these 17 stocks in Q1; 2 Adani cos in hit list
In as many as 541 companies, foreign investors reduced their stake in the quarter gone by, and among these, 17 companies saw sharp cuts in their holding. With the bears growling, these 17 companies corrected up to 83% so far in 2023. Key Points
Economic TimesSuper Tuesday 2024: Which states are going to vote?
15 states and one US territory will vote for their preferred candidates on Super Tuesday. Find out which states are voting. Key Points
Hindustan TimesDIIs' ownership of Indian companies may soon overtake FII holdings
Foreign holdings in NSE-listed companies was at 18.19% as of December 2023 down from 19.66% in December 2018 or 19.36% as of December 2013. FIIs holding hit a peak of 21.21% in December 2020. Key Points
Economic Times
LIC gets RBI approval to acquire 9.99% holding in HDFC Bank
Pursuant to Regulation 30 of the SEBI Listing Regulations, we would like to inform you that the Reserve Bank of India (“RBI”) vide its letter dated January 25, 2024, addressed to Life Insurance Corporation of India (“LIC”), has accorded its approval to LIC for acquiring aggregate holding up to 9.99% of the paid-up share capital or voting rights of HDFC Bank Limited, the insurance company said in an exchange filing. Key Points
Economic Times8 capital goods & insurance stocks that can be wealth creators: Sanjiv Bhasin
“In the capital goods space, Cummins, Thermax, Bharat Forge and L&T are four of the choicest names. You can add an ABB. Three insurance names – SBI Life, ICICI Pru, and HDFC Life – in tandem could be very good wealth creators over a period of time and this distribution channel, particularly brokers, exchanges, insurance and the AMCs are a very good long-term bet.” Key Points
Economic TimesMFs and FIIs increase stakes in 5 out of 6 new-age tech stocks, Zomato among them
New-age consumer technology stocks continue to attract investors on Dalal Street. Mutual funds and foreign institutional investors have increased stakes in five out of the six listed companies in the December quarter. Zomato is the top-performing stock, with a staggering 154% returns in FY24. Paytm, PB Fintech, and Nykaa have also seen an increase in investor interest. Ant Group has exited Zomato, while One97 Communications and Delhivery have trimmed down their losses. Analysts remain positive on Paytm and PB Fintech, but less bullish on Nykaa due to competition in its segments. Key Points
Economic TimesRajesh Palviya handpicks Bharti Airtel, Bank of India as top picks which could give 10-12% return in 3-4 w
Nifty50 closed at 22,494 with a gain of 115 points, forming a small bullish candle. Buying at support level of 22,200 is expected. Bharti Airtel, Bank of India, Bharat Electronics, and Pidilite Industries showed bullish breakouts, suggesting upside in the next 3-4 weeks. Key Points
Economic TimesYou can bottom fish in IT, but unlikely to make much money: Andrew Holland
Despite global tensions and high oil prices, the market is holding up well. Positive results cab ve expected from companies like HUL, Nestle, and ITC. However, one must be cautious with the metals sector due to slowing global demand. However, there are question marks over IT sector's recovery and one should explore better growth opportunities. Key Points
Economic Times
FIIs bullish on 2 midcap IT stocks but reduce bets on Infosys, TCS
Latest shareholding pattern shows that FIIs pared their stake in Infosys by 120 bps to 35.09% in March quarter and in the case of bellwether Tata Consultancy Services (TCS) their holding went down by 22 bps to 12.72%. Key Points
Economic TimesUS bars imports from 3 more Chinese companies over Uyghur forced labour
The addition of COFCO Sugar holding (600737.SS), Sichuan Jingweida Technology Group and Anhui Xinya New Materials will bring the total number of companies on the list to 30. Key Points
India TodayAbu Dhabi’s 3AI, SML in pact to jointly own Indian genAI platform Hanooman
Abu Dhabi's 3AI holding partners with Seetha MahalaxmiHealthcare and IIT Bombay to co-own 'Hanooman.' Investment undisclosed. Relocating tech team, shifting base to India. Omega AI model integration. Focus on Indian market, diverse sectors, and enterprise solutions. Key Points
Economic TimesKovind panel may submit report on simultaneous polls on Thursday
The high-level committee, headed by Ram Nath Kovind, is expected to submit its report on 'one nation, one election' to President Droupadi Murmu. The report may recommend amending the Constitution and having a singular electoral roll for Lok Sabha, state assembly, and local body polls. Key Points
Economic TimesAre we still dependent on FII flows? Paradoxically, we are
One of the much talked about interesting trends for the year is a significant reduction in the Foreign Institutional Investors (FIIs) holding in our markets. At present, of the total Indian market cap of US$~4.33trillion, FII holding is US$~656billion or ~15%. This will be one of the lowest FII holdings in our stock markets in the last 10 years plus. To put it in context, in 2012 the FII holding was ~25%. Key Points
Economic Times/cloudfront-us-east-2.images.arcpublishing.com/reuters/4HMXDPHYIFKLJGOAH52URWN3TU.jpg)
Antfin Holdings selling 10.3% stake in India's Paytm for $628 mln
A subsidiary of China's Ant Financial will sell a 10.3% stake in India's Paytm (PAYT.NS), with the company's founder and CEO intending to boost his holding to simplify the ownership structure of one of India's largest payment firms. Key Points
ReutersBain Capital raises SoftwareOne takeover offer to $3.7 billion, Bloomberg reports
Bain Capital has increased its offer for SoftwareOne holding AG to about 3.2 billion Swiss francs ($3.72 billion), Bloomberg News reported on Thursday, citing people with knowledge of the matter. Key Points
ReutersVanguard’s index fund buys additional 45,990 shares in Indiabulls Real Estate
Other funds which have a holding in Indiabulls Real Estate include Pacific Horizon Investment Trust Plc and Baillie Gifford Pacific Fund A Sub Fund of Baillie. While Pacific Horizon has a holding of 92,96,800 equity shares or 1.72%, Baillie Gifford holds 29,788,258 shares or 5.50%. Meanwhile, Jupiter India Fund which held 7,674,372 shares or 1.42% stake in the company has exited the company. Key Points
Economic TimesProtest outside Panchkula district courts over delay in action against Sandeep Singh
The protest was held under the banner of Nyaya Sangharsh Samiti (NSS) spearheading the campaign for justice in this case. The protesters holding black placards in their hands expressing anger against Chandigarh police for not arresting the accused despite of registration of an FIR on December 31 last year. Key Points
Hindustan TimesMan holds giant pythons by their tails. Watch chilling video
In a viral video, you can see a man holding two giant pythons by their tale. Many have reacted to the clip. | Trending Key Points
Hindustan Times
Ashish Kacholia portfolio: Ace investor adds 4 smallcaps, exits multibagger Tarc & 3 others in major Q3 re
Kacholias holding in as many as four stocks fell below 1% during the last quarter. The ace investor increased his holding in a couple of counters while trimming in three others, according to the shareholding data available on the BSE. Key Points
Economic TimesWarren Buffett’s Berkshire books Rs 630-crore loss after holding Paytm shares for 5 years
According to Paytm parents red herring prospectus, Berkshire had acquired 17,027,130 shares of the company and the average cost of acquisition was Rs 1,279.70 a share. Berkshire then sold a part of its holding in the initial public offering of One 97 Communications in 2021. Key Points
Economic TimesPaytm Payments Services appoints S.R. Batliboi & Associates as its auditor
New Delhi [India], August 7 (ANI): One97 Communications Limited on Monday informed the exchanges that its wholly-owned subsidiary Paytm Payments Services has appointed S.R. Batliboi & Associates as its auditor. The Statutory Auditors have not raised any concern or issue and in fact this is aligned with the holding company OCL’s appointment of S.R. Batliboi […] Key Points
ThePrintSupreme Court will intervene if there is ill intent in holding transparent elections, warns Pakistan chief justice
The action was taken by the court as by law no transfer and posting can be made once elections have been announced. The Punjab assembly was dissolved in January and elections were due to be held on April 30. Key Points
The Indian ExpressIndian companies with highest FII holdings as of FY23: Paytm, HDFC, Delhivery, Zomato, more
Some companies with the largest FII holding include Paytm, HDFC, Delhivery and Zomato. Here's a look at shares that have the highest FII holding according to data provided by Trendlyne. Key Points
Financialexpress
HUL vs ITC: Where did FIIs, MFs & retail investors put their money over last 4 quarters?
Foreign portfolio investors have consistently increased their stakes in India's ITC, making the cigarette-to-hotels firm the best-performing stock in the consumer staples sector with gains of 62% over the past year. Meanwhile, retail investors have been reducing their holdings of the company for three consecutive quarters. Mutual fund activity in ITC has been volatile, with an overall trimming of stakes in Q1. The cumulative holding of retail investors in FMCG bellwether Hindustan Unilever was 10.61% at the end of Q1 compared with 11.20% at the end of Q2 2021. Key Points
Economic TimesThese 9 stocks were ditched by big bulls of Dalal Street in FY24; what should investors do?
Several smallcap stocks were dumped by big bulls, resulting in negative returns for many. Stocks like Automobile Axles, Tarsons Products, TCNS Clothing, and VIP Industries experienced double-digit falls. However, Shaily Engineering Plastics defied the trend and delivered multibagger returns. Key Points
Economic TimesRussians gather in subdued defiance to lay Navalny to rest
Standing under grey skies holding bouquets, Russians lined up patiently along pavements leading towards opposition politician Alexei Navalny’s... Key Points
The Tribune IndiaLIC ownership in India Inc falls to all-time low. Profit-booking at peak suspected
LIC's share by value in NSE-listed companies listed dropped to 3.64% as on December 31, 2023, from 3.73% as on September 30, 2023, but in value terms, the holding rose 11% to Rs 13 lakh crore, according to data from PRIME Database. In value terms, the PSU's biggest bets are RIL, ITC, TCS, HDFC Bank, Infosys, L&T, SBI, ICICI Bank, IDBI Bank, and HUL. Key Points
Economic TimesZee-Sony merger failure a headache for Punit Goenka as a familiar threat looms
After the termination of merger agreement with Sony Pictures, Zee Entertainment faces a new threat thanks to its low promoter holding. A low promoter holding could expose the company to a hostile takeover risk, especially if institutional investors seek an exit. The company witnessed similar worries back when Invesco raised concerns. Key Points
Economic Times
Mind your chats or pay a heavy price
A British-Indian student's joke on Snapchat of an intent to blow up a plane resulted in jets being scrambled and threw him into a legal soup. Privacy? Wake up to the real world. Key Points
mintTaking risks which checks and balances: 5 smallcap stocks with right fundamental matrix
When investing in small caps, there are two challenges which investors face. First, finding the right stock and second when the stock does not perform for some period of time, holding it in the portfolio. When investing in small caps one should be aware that they are the riskiest place to take espouse when it comes to equity, so the holding period of that stock might get extended due to overall market conditions. So a space with the highest risk and highest reward. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists stocks which fulfill the various criteria as specified into the algorithms & filters to find those which might help navigate the stock market. Key Points
Economic TimesEC to announce schedule for assembly polls in five states this noon
New Delhi, Oct 9 (PTI) The Election Commission (EC) will announce the schedule for holding assembly elections in five states at 12 noon on Monday. The commission will announce the dates for assembly elections in Madhya Pradesh, Chhattisgarh, Rajasthan, Telangana and Mizoram. The term of the Mizoram assembly ends on December 17. The Mizo National […] Key Points
ThePrintFII holding in HDFC Bank drops further in Q2, investment headroom increases by 170 bps
“More selling by FIIs is needed in the next few quarters before MSCI incorporates the merged entity shares with a factor of one, compared to the 0.5 currently used,” said Abhilash Pagaria, Head - Nuvama Alternative & Quantitative Research. Key Points
Economic TimesMidcap Mania! Value of FII holding in midcap stocks soar by Rs 1.8 lakh crore in a quarter
The value of FII holding in stocks that are part of the BSE Midcap index increased by a sharp Rs 1.8 lakh crore sequentially in the quarter ended June, data analysed by ETMarkets showed. Key Points
Economic Times
PwC resigns as auditor of Paytm Payments Services Limited
Price Waterhouse Chartered Accountants Llp (PWC) has resigned as auditor of Paytm Payments Services Limited (PPSL) from August 7, 2023, due to changes in auditors at the holding company level. PPSL has announced the appointment of S.R. Batliboi & Associates LLP as the new Statutory Auditors with immediate effect. Key Points
Economic TimesHow billionaire backing turned kabaddi into India’s No. 2 sport
Originating in southern Tamil Nadu, kabaddi's name is derived from two words: kai pidi, meaning holding hands. It is said to have been played thousands of years ago, even by the Buddha, Siddhartha Gautama. Key Points
Economic TimesWith new-age tech stocks grabbing eyeballs, here’s how MFs placed their bets
While mutual funds marginally reduced their holdings in One97 Communications and PB Fintech, money managers have overall held a positive view on both the stocks. Last month, barring Delhivery, all other stocks gave double-digit returns to investors. Key Points
Economic TimesIndia's Vedanta to take over Foxconn chip JV from holding company
India's metals-to-oil conglomerate Vedanta Ltd (VDAN.NS) said on Friday that it would take over from its holding company the ownership of a joint venture with Taiwan's Foxconn that was set up to make semiconductors. Key Points
ReutersVedanta trims gross debt to $7.8 billion
Prior to that, the company had said it pledged 4.4% of its overall holding in Vedanta to Glencore in lieu of a $250-million loan. Key Points
Financialexpress
Used my time for the good of the country: PM Modi on his three nation tour
"All the leaders I met and all the personalities I spoke to have been so mesmerised and appreciative of India holding the G20 presidency so excellently. This is a matter of great pride for all Indians,” Modi said. Key Points
Financialexpress