Best Stocks to Buy Today : 08/10/21

Day Trading: Ansal Prop, Ambica Agarbathis, Grob Tea Co, Nureca Ltd, DRC Systems, Sadhana Nitro Chem, White Organic Agro, Banaras Beads, NEIL Industries,

Short Term: Sobha, Tata Motors, Titan, Relaxo footwear, Chambal fertiliser, Kalyan Jewellers, Trident, Yes Bank, JP Power, Reliance Comm.

Long Term: Cipla, IRCTC, Tata Power, Maruti Suzuki, Suzlon Energy, TCS, M&M, Eicher Motors, IndusInd Bank, Sun Pharma,

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Top Market News:

1. Shares of real estate developer Sobha rallied 14 per cent to hit a fresh 52-week high of Rs 868.45 on the BSE in Thursday’s intra-day trade after the company said it has achieved best ever sales volume of 1.35 million sq ft valued at Rs 1,030.2 crore during July-September quarter (Q2FY22). The company had reported total sales value of Rs 682.90 crore in Q1FY22 and Rs 689.90 crore in Q2FY21. Business Standard
2. In a reprieve to Zee Entertainment, the National Company Law Appellate Tribunal (NCLAT) has given more time to the company and its directors to file their response to an extraordinary general meeting (EGM) sought by one of its largest shareholders, Invesco and OFI Global China Fund. Business Standard
3. Fitch Ratings has cut India’s economic growth forecast to 8.7 per cent for the current fiscal but raised GDP growth projection for FY23 to 10 per cent, saying the second COVID-19 wave delayed rather than derail the economic recovery. Business Standard
4. Resolution of the jurisdiction issue between market regulator SEBI and electricity regulator CERC, will further deepen the power market and pave the way for the introduction of longer duration delivery-based contracts on exchanges, the Power Ministry said on Thursday. Business Standard
5. India clocked its 31st unicorn on Thursday. Rebel Foods, the world’s largest internet restaurant company, said it has raised $175 million in a Series F round led by Qatar Investment Authority (QIA), sovereign wealth fund of the State of Qatar with participation from existing investors Coatue and Evolvence. This round catapults the company to a unicorn status with a valuation of $1.4 billion, up from about $800 million last year. Business Standard

Google Trends

• Mukesh Ambani’s Reliance Retail Ventures scooped a deal to open 7-Eleven convenience stores in India just two days after Future Retail terminated a similar pact with the US retailer, citing its inability to pay franchise fees.
• MINDMAZE, whose virtual-reality software helps people regain motion after strokes or traumatic brain injuries, is valued at more than US$1.5 billion after receiving financing from AlbaCore Capital Group, said a person briefed on the matter.
• Donald Trump is no longer on Forbes’ list of richest Americans. This marks the first time in 25 years the former president didn’t make the cut.
• Alphabet Inc’s Google cut fuel use and traffic delays by 10% to 20% at four locations in Israel by using artificial intelligence to optimize signal lights and it next plans to test the software in Rio de Janeiro, the company said on Wednesday.

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