Kshitij Bhargava

Articles By Kshitij Bhargava

967 Articles

Global fund managers say commodities more crowded trade than Bitcoin; hike allocation to tech stocks

Commodity prices have soared over the last few months as the global economy moved closer to re-opening.

global fund managers

Rakesh Jhunjhunwala-backed Nazara Tech valuation too high, CLSA says ‘sell’; stock tanks 12%

CLSA’s India coverage universe (ex-financials) of 111 stocks currently trade at an average of 2x FY23CL EV/sales, while Nazara Tech’s stock trades at 6x FY23 EV/sales which makes valuations expensive. 

stock market, sensex, nifty

Top PSU shares to buy for strong returns: PSU index beats Nifty, Sensex; these stocks may re-rate

PSUs’ share of profits has risen from 18% in the financial year 2017-18 to 28% in the financial year 2020-21, after consistently declining from 39% a decade ago.

Stocks to buy, PSU Stocks

Cristiano Ronaldo’s cold shoulder wipes $4 billion off Coca-Cola’s m-cap; Pogba snubs Heineken

Immediately after removing the two Coca-Cola bottles during the press conference, Ronaldo was seen holding up a water bottle before saying “Agua” in Portuguese.

Cristiano ronaldo

KIMS, Dodla Dairy IPOs: Grey market premiums increase on day 2 of bidding; should you subscribe?

On the second day of bidding, Dodla Dairy and Krishna Institute of Medical Sciences (KIMS) initial public offerings continue to attract investor’s interest.

IPO

Punjab National Bank, SBI Life among top mutual fund buys in May; here’s what AMCs bought, sold

Punjab National Bank, SBI Life Insurance Company, and Indus Towers were the three top large-cap buys by Mutual Funds in the month of May.

Mutual funds

Chris Wood expects sharp rebound in crude oil demand; energy index outperforms FAANG, S&P 500

So far this year, the S&P Energy index has zoomed 46.9%, outperforming the S&P 500 which has managed to jump 13%.

Wall street, faang, crude oil

Nifty to hit 17,250 by June 2022, says ICICI Securities; SBI, HDFC Bank, GAIL among top stock picks

Nifty 50 may continue to scale new milestones over the next 12 months, taking the index to a record high of 17,250 by June 2022.

Nifty, Nifty target

Tata Motors rating: ‘Buy’. Rakesh Jhunjhunwala-owned stock may gain 15% more, debt reduction at play

Ace investor Rakesh Jhunjhunwala owns a 1.3% stake in Tata Motors, his second-largest stock holding after Titan.

Rakesh Jhunjhunwala

KIMS IPO opens for subscription, analysts say issue price attractive; should you invest?

KIMS IPO consists of a fresh issue of equity shares worth Rs 200 crore or 24.24 lakh equity shares of face value Rs 10. The offer for sale will see existing shareholders sell 2.35 crore equity shares.

KIMS IPO, KIMS Hospital

US stock investors must stay cautious despite economic rebound; watch cycles, tax, inflation, policy

Morgan Stanley analysts believe that a broader correction may be overdue for US equities now.

Wall street, Us economy

Buy these three stocks with strong support on charts; ICICI Direct sees as much as 15% upside

ICICI Direct has handpicked three shares as its ‘Gladiator stocks’ that find strong technical support on the charts along with robust fundamentals.

Stock market, share market

Franklin Templeton CEO, fund managers fined Rs 15 cr by SEBI; forensic audit reveals discrepancies

The SEBI order imposes a Rs 3 crore penalty on Franklin Templeton Trustee Services and another Rs 2 crore each on Franklin Templeton AMC CEO, Sanjay Sapre and CIO Santosh Kamat.

franklin templeton

IPO watch: Shyam Metalics issue oversubscribed; Sona Comstar’s offering subscribed 11% on day-1

On the initial day of the bidding process, Shyam Metalics’ initial public offering was oversubscribed by investors.

IPO, SPAC

Facebook, Apple, others surge as tech stocks regain steam on Wall Street; now eyes on Fed meet

In the present week, Wall Street investors are likely to eye the US Federal Reserve Monetary Policy meeting.

Wall Street, FAANGM, NASDAQ

Sona Comstar’s Rs 5,550-crore IPO opens; promoters to cut stake, should investors subscribe or not?

Investors can bid for the issue in a bid lot of 51 shares, in a price band of Rs 285 - 291 per share. This translates to a minimum investment of Rs 14,841.

initial public offering, IPO

DHFL shares stop trading on NSE, BSE; existing stock worth zero now

Shares of Dewan Housing Finance Corporation Ltd (DHFL) stopped trading on the stock exchanges from today, as BSE and NSE informed investors over the weekend.

DHFL share price

Earnings expectations warrant near-term caution but medium-term outlook positive | INTERVIEW

"At this point, markets are expecting earnings to improve sharply and given the backdrop of huge liquidity, it is trading at higher multiples compared to their own history. This warrants some caution in near term and we expec

Stock market

IT sector valuations on Wall Street now reasonable; remain optimistic despite volatility

Year-to-date the S&P 500 IT index has soared 8%. In the first half of May, the index saw a sharp fall.

wall street, nasdaq

Dodla Dairy IPO to open for subscription on June 16; check price band, issue size, other details

The issue of Dodla Dairy consists of a fresh issue of equity shares worth Rs  50 crore and an offer for sale (OFS) of up to 1.09 crore equity shares of face value Rs 10 each.

Dodla Dairy IPO

Reliance Industries partly paid shares relist at Rs 1,570; trim discount to fully paid-up stocks 

The scrip now quotes at a discount of just Rs 619 per share to the full paid-up Reliance Industries stocks that trade at Rs 2,189 apiece.

Reliance Industries partly paid

ITC share price may surge 20%: Margins to improve, changing consumer behaviour to drive demand

So far this year, ITC’s share price has traded flat, hovering around Rs 212 levels.

Infosys, ITC, RIL, PVR, Route Mobile

Cyclical, digital stocks set for mass rating upgrades; these shares to benefit from AMFI rejig

Upcoming reclassification of shares by the Association of Mutual Funds in India (AMFI), may see cyclicals and digital stocks take centre stage.

Stock market, AMFI

DHFL stock tanks 10%, hits lower circuit; experts warn sell now, stay away, relisting prospects unclear

The heavy trading and delivery volumes in DHFL stock yesterday showed that investors were still buying the stock, some of them hoping to extract some value when the stock re-lists.

On the 14th page of the 86-page NCLT order by HP Chaturvedi and Ravikumar Duraisamy, it says DHFL no longer is a deposit taking NBFC but a non-deposit taking one.

IPO street warms up; SEBI approves Glenmark Life Sciences, Utkarsh Small Finance Bank public issues

Capital market regulator SEBI has approved the initial public offerings (IPO) of Glenmark Life Sciences and Utkarsh Small Finance Bank, warming up the IPO street that has seen little action so far this financial year.

Upcoming IPO

Franklin Templeton: Other investors’ money may not be at immediate risk, but watch for further probe

Investors in Franklin Templeton’s other mutual fund schemes may not face immediate repercussions of SEBI’s order to refund money to the investors of six debt schemes that shut down.

franklin templeton

Sensex, Nifty end at highest ever closing levels; can bulls extend rally further?

Sensex and Nifty ended at their highest ever closing levels on Monday as domestic markets surged ahead of Prime Minister Narendra Modi’s address to the nation.

Stock market
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