Best Stocks to Buy Today India : 28 October 2021

Before Market Opens
28 October, 2021

Day Trading: ITC, L&T, Maruti, Titan, Bajaj finserv, Adani Green, Adani Total, NTPC,

Short Term: TTK Prestige, Sequent Scientific, Vardhman Textile, Gujrat Alkali, eclerx, Asahi India glass, Hikal, PNB, Bank of Baroda

Long Term: Asian Paints, Divis, UPL, Cipla, Infosys, Ultratech, SBI, Sun Pharma, ICICI bank,

Source Click; Source Click 2; Source Click 3

 

Top Market News:

  1. Cigarette-to-hotels major ITC reported a 10.09 per cent increase in consolidated profit after tax (PAT) at Rs 3,763.73 crore in the September quarter of FY22, led by a recovery across segments. PAT was at Rs 3,418.69 crore in the year-ago period. Business Standard
  2. Engineering and infrastructure (infra) major Larsen & Toubro (L&T) reported a consolidated net profit of Rs 1,819.5 crore for the July-September quarter (second quarter, or Q2) of 2021-22 (FY22), down 67 per cent year-on-year (YoY), as the year-ago period’s profit was boosted by exceptional income. Business Standard
  3. India’s largest carmaker, Maruti Suzuki India (MSIL), on Wednesday reported a 65.35-per cent year-on-year plunge in net profit at Rs 475.3 crore for the July-September quarter of 2021-22, compared with Rs 1,371.6 crore in the same quarter last financial year (2020-21). Business Standard
  4. Adani Enterprises Ltd (AEL) on Wednesday reported a 55.3 per cent decline in consolidated profit at Rs 194.54 crore for the quarter ended September, hit by higher expenses. Business Standard
  5. One97 Communications, the parent company of Paytm IPO : Should you invest ? will price its initial public offering (IPO) at Rs 18,300 crore with fresh issue worth up to Rs 8,300 crore, and offer for sale at Rs 10,000 crore, it said in its Red Herring Prospectus (RHP), filed on Wednesday. Business Standard

 

Google Trends

  • Surgical Lasers Market Growth With Healthy CAGR of 5.4% to reach US$ 2 Billion till 2026 | Key Players: Alma Lasers, Abbott Laboratories, Inc., Biolitec AG, BISON MEDICAL Co., Ltd., Boston Scientific.
  • Deutsche Bank AG’s businesses did better than expected in the third quarter but higher costs and a continued slowdown in its investment-banking arm weighed on results.
  • Meme coin Shiba Inu has hit another all-time high of $0.0000593 today, October 27, with its value skyrocketing by over 40% in the last 24 hours.

 

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Startup
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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