Best Stocks to Buy Today : 28/09/21

Before Market Opens
28 September, 2021

Day Trading: EIH, Chalet Hotels, Gujarat Alkalies, Indo Count Industries, Sterling Wilsons, Prestige Industries, India Glycol, PSP Project, Alankit,

Short Term: Tata Motors, IRCTC, Zee Entertainment, Maruti Suzuki, Yes Bank, India Hotel, DLF, HDFC, Godrej, PVR

Long Term: Reliance, M&M, ONGC, Hero Moto, NTPC, SBI, ICICI, Bajaj Finance

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Top Market News:

  1. Commerce and industry minister Piyush Goyal on Monday said that India has exported goods worth $185 billion since the beginning of the financial year, according to latest data collated by the government. Business Standard
  2. The disinvestment of Bharat Petroleum Corporation (BPCL) is intended to be completed by March 2022 according to company Chairman, Arun Kumar Singh. Business Standard
  3. Reliance Industries Ltd. is in talks to buy a stake in Indian mobile content provider Glance InMobi Pte, according to people familiar with the matter. The conglomerate is considering investing about $300 million in the unicorn backed by Alphabet Inc.’s Google, the people said,. Business Standard
  4. Ajay Singh-led SpiceJet’s plans to hive off its logistics and cargo business into a separate entity called SpiceXpress is facing legal hurdles, with lenders and aircraft lessors challenging the move. One of SpiceJet’s lessor Goshawk, along with its trustees, has moved the Delhi High Court (HC), asking for an injunction on the airline’s plan to transfer any of its assets to a separate company until the airline clears its pending dues of around $16.2 million as lease rentals on three aircraft. Business Standard
  5. The Ministry of Petroleum and Natural Gas is evaluating a threshold at which the subsidy on Liquefied Petroleum Gas (LPG or cooking gas) will be reinstated. According to a senior government official in the know, a survey is currently being conducted to determine the price at which maximum consumers will keep buying domestic cylinders. Business Standard

 

Google Trends

  • Oraan, Pakistan’s first women-led, women-first fintech startup, has successfully raised $3 million in funding, co-led by returning investor Zayn Capital and Wavemaker Partners.
  • Shri Venkatesh Refineries Limited (SVRL) has announced that its IPO is opening on SEPTEMBER 29, 2021 and will close on OCTOBER 01, 2021, at a Price Band Rs 40 per equity share of the face value of Rs 10 each.Sunil Singhania-led Abakkus Emerging
  • Opportunities Fund-1 has picked up at least 4,45,000 equity shares (1.23 per cent stake) in PSP Projects Limited at Rs 425.68 per share through an open market transaction on the NSE
  • Adani Wilmar on Monday announced that it has opened 12 physical stores across six states under the name of Fortune Mart and plans to start several more outlets in metros, tier-I and tier-II cities.

 

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Startup
24 February, 2024

Byju’s, once heralded as a flagship in India’s edtech sector, is grappling with severe financial and operational challenges, marked by a dramatic valuation drop. The company, which sought to stabilize its operations and finances, is now raising funds at a valuation significantly lower than its peak. This development comes amid efforts to address a substantial debt burden, with Byju’s proposing a repayment plan for its $1.2 billion loan. Investor confidence appears shaken, with some stakeholders pushing for drastic changes in leadership to navigate the crisis effectively. The turmoil reflects broader sectoral pressures and raises questions about the sustainability of high-growth trajectories in the edtech industry

Energy
10 February, 2024

Australia’s energy market is witnessing significant transitions and investments aimed at bolstering renewable energy infrastructure and securing gas supplies. Key developments include a $179 million investment by the Queensland Government for community battery projects, Santos’ $5.7 billion gas pipeline project following a legal battle win, and a $206 million energy savings package for NSW households. Additionally, the Australian government has secured new gas supply deals to support the east coast market, emphasizing the role of gas in transitioning to a renewable grid.

India 2024
9 February, 2024

The latest opinion polls, including the Mood of the Nation survey by India Today, predict a comfortable victory for Prime Minister Narendra Modi’s BJP and its allies in the National Democratic Alliance (NDA), with a projected win of 335 Lok Sabha seats in the 2024 general elections. This forecast suggests a slight decrease from the 2019 elections but still ensures a majority. The survey, involving interviews with over 149,000 respondents, reflects Modi’s enduring popularity based on his nationalist policies and economic reforms. Other polls echo these findings, although seat projections vary slightly. The opposition INDIA alliance is expected to secure a significant number of seats, yet not enough to challenge the NDA’s majority. These predictions highlight a political landscape that remains largely favorable to Modi and the BJP as the election approaches