Best Stocks to Buy Today India : 02 December 2021

Before Market Opens
2 December, 2021

Stocks to Buy Today in BSE/NSE Stock Exchange based on recent performance

Day Trading:

GVK , Bajaj Steel, Vodafone, Indiabulls, Chambal Fert, RBL Bank, De Nora India, KDDL, PNB Housing Fin, Ratnamani Metals,

Short Term:

Indusind, JSW Steel, Axis Bank, Tata Motors, Adani Ports, SBI, Tech M, Maruti Suzuki, Dr Lal pathlab, Metropolis, Navin Fluorine,

Long Term:

TCI Express, BSE Ltd, Bajaj Holdings, KEI Industries, KPIT Tech, Axis Bank, Reliance, Escorts, Birlasoft, Apollo Hospital

IPO:

Star Health – November 30 – December 2,

Tega Industries – December 1-3

Anand Rathi – December 2-6

Source Click; Source Click 2; Source Click 3

 

Cryptocurrency: ( in Rs )

IOTX/INR: 11.787 (IoTeX)

BTC/INR: 4473621 (Bitcoin)

ETH/ INR: 359499 (Ethereum)

USDT/ INR: 78.88 (USD Tether)

SHIB/ INR: 0.00336 (SHIBA Inu )

DOGE/ INR: 16.378 ( Dogecoin )

 

WazirxBinanceCurrency Analytics

Top Market News:

PM to meet Unicorn founders

The Prime Minister’s Office is learnt to have reached out to several unicorn founders for a roundtable meeting in the second week of December, according to multiple sources who said on the condition of anonymity. “The PMO contacted me last week informally for a meeting along with other unicorn founders, but has not confirmed dates yet. Business Standard

Commercial LPG price hiked by Rs 100

The price of a commercial LPG cylinder (19 kilograms) has been hiked by Rs 100 a piece to take it to Rs 2,101 from December 1. This is the highest price at which a commercial LPG cylinder is being sold in the national capital, toppling the previous high of Rs 2,013.50 a piece in January 2014.. Business Standard

Trade deficit at high of $23.27 billion

Trade deficit touched a record high of $23.27 billion in November as exports growth slowed faster than imports, following holidays in the festive month.. Business Standard

Promoter’s stake in ADAG falling

The promoter’s stake in the listed companies of the Anil Ambani group fell steadily as lenders started invoking the pledged shares following loan defaults. Statistics collated by this newspaper shows that the promoter stake in Reliance Infrastructure fell to five per cent as on September end this year from 48.4 per cent in March 2018. Business Standard

Swiggy valuation $10.5 billion

Food delivery service Swiggy is raising $600 million to $700 million in a round led by Invesco that’s due to close this month, according to people with knowledge of the matter. The deal values Swiggy, formally known as Bundl Technologies, at about $10.5 billion, they added. Business Standard

 

Business Trends

RuPay competes with Visa and Mastercard

Usage under the Jan Dhan scheme and push by the government for PSU banks to use RuPay have led to a jump in its market share. However, RuPay continues to lag in the credit card market and forms a small share of the volume and value of card transactions in India.

Higher Demand for Milk

Dairy sector may face both demand-led and cost-push led inflation due to re-opening of schools and festivities, and it will likely result in higher demand for milk

 

Compiled from Google Trends

 

Disclaimer: Strategyboffins.com advises users to check with certified experts before taking any investment decisions.

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