Best Stocks to Buy Today : 29/09/21

Before Market Opens
29 September, 2021

Day Trading: Future retail, IDBI Bank, Finolex Inds, SIS, Confidence Petroleum, ABM international, BHEL,

Short Term: IDBI, PNB, Titan, Sun Pharma, Kotak Mahindra, Tata Steel, Indus Towers, PFC, Delta Corp

Long Term: Reliance, Kotak Mahindra, IRCTC, Escorts, Powergrid, NTPC, IOC, BPCL,

Source Click; Source Click 2; Source Click 3

 

Top Market News:

  1. A think tank has requested the GST Council to levy a higher tax of 18 per cent on tetra pack, arguing that the product is incorrectly categorised in the 12 per cent slab as a paper-based aseptic packaging. Business Standard
  2. Aditya Birla Sun Life Asset Management Company (AMC) on Tuesday allotted shares worth Rs 789 crores to anchor investors. The AMC allotted nearly half of the anchor investor portion to eight domestic mutual funds. Business Standard
  3. A rally in the price of crude oil is pushing domestic petrol and diesel prices towards new highs. The price of petrol was up 20 paise per litre and diesel by 25 paisa a litre on Tuesday. After the latest revision, petrol sold at Rs 101.39 a litre while diesel retailed at Rs 89.57 a litre in the national capital. Business Standard
  4. The National Company Law Tribunal’s (NCLT’s) Mumbai Bench has allowed Future Group firms to hold extraordinary general meetings (EGMs) of their shareholders and creditors to seek approval for selling assets to Reliance Retail Ltd. Business Standard
  5. The Securities and Exchange Board of India (Sebi) on Tuesday eased the delisting framework — a move seen as boosting merger and acquisition (M&A) activity in the country. It also cleared the framework to roll out social stock exchanges and gold spot exchanges. Business Standard
  6. Wall Street stocks ended sharply lower on Tuesday in a broad sell-off driven by rising U. S. Treasury yields, deepening concerns over persistent inflation, and contentious debt ceiling negotiations in Washington. All three major U. S. stock indexes slid nearly 2% or more Business Standard

 

Google Trends

  • Aditya Birla Sun Life Asset Management IPO
  • Salt Bae’s New Restaurant in UK Prices

 

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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