MARKET CAPSULE 24th FEB'24 | Nifty Surges, Realty Sector Shines
- samarwealth
- Feb 24, 2024
- 5 min read
What's brewing in the Realty Sector?
The Nifty index has recently surged to its peak closing at 22,212, signalling strong market performance and investor confidence. However, this rise isn't consistent across all market segments, notably in small-cap and mid-cap stocks, which show signs of underperformance compared to the Nifty.
In the past week, the realty sector has notably outperformed, with a significant 4.76% increase in its index, indicating heightened investor interest and positive sentiment toward real estate assets. Further on digging deeper,we find immense momentum within the realty sector, with
69.23% of total stocks in Realty sector trading above their 9-day moving average, the highest among all sectors. This indicates significant bullish activity and upward price movements in realty stocks.
While the Nifty suggests overall market strength, divergent performances across sectors emphasize the importance of thorough sectoral analysis. The impressive performance of the realty sector, along with its strong momentum, presents potential investment opportunities in this sector's upward trend. We personally have a positive outlook in the realty space for the coming week as well.
Table of Contents: | |
1. | Heatmap |
2. | Market Breadth |
3. | Business Snapshot |
4. | IPO Nexus ⭐ |
5. | Seven good-looking charts for next week ⭐ |
6. | Block/Bulk Deals |
7. | Breaking News Flash |
8. | Beyond Equity Markets |
Charting the Pulse of Indices: A) Sector Wise Performance
B) Heatmap
C) Market Breadth
A) Nifty 500
Source: Stockedge
B) Nifty 50
Source: Stockedge
Note: Breadth measures the percentage of securities in NIFTY 50 / NIFTY 500 surpassing specified moving averages over the specified period. High counts or percentages are depicted in green, neutral values in yellow, and lower counts in varying shades of red. Green shades signify an upward trend, yellow denotes a neutral stance, and red shades represent a downward trend.
Gujarat Ambuja Exports Ltd. Gujarat Ambuja Exports Ltd. (GAEL) primarily produces Corn Starch Derivatives, Soya Derivatives, Feed Ingredients, Cotton Yarn, and Edible Oils, serving various industries like Food, Pharmaceutical, and Feed since its establishment in 1991, with a focus on long-term growth in Agro-Processing.
Financial Highlights:
Products :
Futire Outlook:
Recently Listed IPOs:
Company Name | Platform | Listing Date | Issue Price | Listing Price | Current Price | Listing Gain | |
1. | Kalahridhaan Trendz Ltd | SME | 23rd Feb, 2024 | ₹ 45 | ₹ 47.15 | ₹ 49.50 | 4.8% |
2. | Thaai Casting Ltd | SME | 23rd Feb, 2024 | ₹ 77 | ₹1 85.90 | ₹ 195.15 | 141.4% |
3. | Interiors & More Ltd | SME | 23rd Feb, 2024 | ₹ 227 | ₹ 270 | ₹ 283.50 | 18.9% |
4. | Esconet Technologies Ltd | SME | 23rd Feb, 2024 | ₹ 84 | ₹ 290 | ₹ 275.5 | 245.2% |
5. | Atmastco Ltd | SME | 23rd Feb, 2024 | ₹ 77 | ₹ 91 | ₹ 95.55 | 18.2% |
6. | Vibhor Steel Tubes Ltd | Mainboard | 20th Feb, 2024 | ₹ 151 | ₹ 421 | ₹ 379.05 | 195.5% |
7. | Wise Travel India Ltd | SME | 19th Feb, 2024 | ₹ 147 | ₹ 195 | ₹ 211.70 | 39.3% |
Upcoming IPOs:
Company Name | Platform | Open Date | Close Date | Offer Price | Issue Size (Cr.) | |
1. | Owais Metal and Mineral Processing Ltd. | SME | 26th Feb, 2024 | 28th Feb, 2024 | ₹ 83 - 87 | ₹ 40.73 - 42.69 |
2. | Platinum Industries Ltd. | Mainboard | 27th Feb, 2024 | 29th Feb, 2024 | ₹ 162-171 | ₹ 222.93-235.32 |
3. | Exicom Tele-Systems Ltd. | Mainboard | 27th Feb, 2024 | 29th Feb, 2024 | ₹ 135-142 | ₹ 407.85-429 |
4. | Purv Flexipack Ltd. | SME | 27th Feb, 2024 | 29th Feb, 2024 | ₹ 70-71 | ₹ 39.65-40.21 |
5. | Bharat Highways InvIT Ltd. | Mainboard | 28th Feb, 2024 | 1st March, 2024 | ₹ 98-100 | ₹ 2,450-2,500 |
6. | M.V.K. Agro Food Product Ltd. | SME | 29th Feb, 2024 | 4th March, 2024 | ₹ 120 | ₹ 65.88 |
Five top gainers of this week
Stocks | Percentage Increase | |
1. | Tata Investment Corporation Ltd. | 21.1% |
2. | Archean Chemical Industries Ltd. | 19.8% |
3. | One 97 Communications Ltd. | 19.5% |
4. | ABB India Ltd. | 19.2% |
5. | Data Patterns (India) Ltd. | 17% |
Seven good-looking charts for next week 1. Indiabulls Real Estate Ltd.
2. Sona BLW Precision Forgings Ltd.
3. Ganesh Housing Corporation Ltd.
4. Reliance Industrial Infrastructure Ltd.
5. Yatharth Hospital & Trauma Care Services Ltd.
6. Life Insurance Corporation of India Ltd.
7. Indian Railway Catering & Tourism Corporation Ltd.
Top Deals of the Week: Standouts in Trade
Acquisitions:
Bachhraj and Company Pvt. Ltd. purchased 1,463,965 shares of Bajaj Finserv Ltd. at an average price of ₹1,585.25.
Chetan Varde bought 309,144 Mahindra & Mahindra Ltd. shares at an average price of ₹1910.3.
Disposals:
Whirlpool Mauritius Ltd. offloaded 30,449,239 shares of Whirlpool of India Ltd. at an average rate of ₹1,262.85.
President of India sold 5,050,000 shares from NHPC Ltd. off market at an average price of ₹71.
Rishab Family Trust Rajivnayan Bajaj sold 982,250 shares of Bajaj Finserv Ltd. at an average price of ₹1582.
Rajivnayan Bajaj sold 320,590 shares of Bajaj Finserv Ltd. at an average price of ₹1582.
Business Expansions:
H.G. Infra Engineering Limited has incorporated a wholly owned subsidiary company to carry out business in the field of Solar Power.
Clean Fino-Chem Limited, wholly owned subsidiary of Clean Science and Technology Limited, inaugurated its new manufacturing facility.
Balrampur Chini Mills ventures into manufacturing Polylactic Acid (PLA) for bioplastic production.⭐
Bharti Airtel Ltd. expanded its footprints in different cities.
Ramkrishna Forgings gets board nod for Mexico manufacturing plant.
Balrampur Chini Mills Limited plans to enter Polylactic Acid (PLA) production with a new fully integrated facility.⭐
Ashok Leyland begins construction of a new plant for eco-friendly transportation.⭐
Grasim plans to launch Birla Opus Paints Business and inaugurate three Birla Opus Paints plants.
Jubilant FoodWorks Limited has unveiled the grand opening of Popeyes, the renowned Louisiana Chicken, in the historic Chandni Chowk district.⭐
Order Wins:
Titagarh Rail Systems Limited secures a ₹170 crore contract from the Indian Ministry of Defence to supply 250 specialized wagons.⭐
Ramkrishna Forgings Ltd. lands $220M deal to supply light vehicle parts in North America.
NBCC (India) Limited bags order of worth ₹560 Cr. for construction of permanent campus of NIT Sikkim.
Deepak Fertilisers enters into a 15-year LNG contract with Norwegian Giant – Equinor.⭐
L&T Construction Wins Order for Buildings & Factories Business.
Joint Ventures:
Bonus Share Issue & Share Price Splits :
Agreements:
Blusmart partners with Tata Power for green energy, achieving 100% renewable power to promote large-scale carbon-free mobility.⭐
LTIMindtree partners with Eurolife FFH to establish AI and Digital Hubs in Europe and India, signing MoU.
NBCC entered into two Memorandum of Understanding with HUDCO.
Wipro and IBM Expand Partnership to Offer New AI Services and Support to Clients.
Wipro and Intel Foundry Announce New Collaboration to Advance Chip Design and Development.⭐
Thermax Ltd. has entered into a License and Technical Assistance Agreement to obtain technology to manufacture Poly Carboxylate.
Sterlite Technologies Limited partnered with Lumos to construct revolutionary 100% fiber optic internet infrastructure in the US.⭐
Oil India Limited and The Fertilisers and Chemicals Travancore Limited (FACT) have partnered in the Green Hydrogen sector through a MoU.
Tata Elxsi Announces Strategic Partnership with AccuKnox for 5G Managed Security Services for Operators.
IRCTC has tied up with M/s. Bundl Technologies Pvt. Ltd. (Swiggy Foods) for supply & delivery of pre-ordered meals.⭐
Acquisition/ Merger/Amalgamation:
Appointments & Resignations:
Change in Key Managerial Personnel / Senior Management of the Kotak Mahindra Bank.
Mr. Madan Biyani resigned from the position of CFO and Key Managerial Personnel in J Kumar Infraprojects with effect from 21st February, 2024 due to other personal commitments.
Bandhan Bank appointed Mr. Rajeev Mantri as the CFO and KMP of the Bank, with effect from February 22, 2024.
Other Important News:
Ericsson and Airtel successfully demonstrate 5G FWA functionality on mmWave’ being issued by the Company.⭐
IREDA Unveils Vision for Retail Division, Elevating Rooftop Solar.
The Piramal Enterprises Committee approved issuing secured, rated, listed, redeemable, non-convertible debentures through private placement.
Power Grid Corporation of India board approves investment of ₹656 crore for 2 projects.⭐
Delta Corp Limited is selling its stake in Caravella Entertainment Private Limited to improve its portfolio and increase shareholder value.
Sona BLW Precision Forgings Ltd. received PLI Certification for Automobile and Auto Component Industry in India (“PLI-Auto”) from the Ministry of Heavy Industries.⭐
Bajaj Auto made further investment of Rs. 45.75 crores on 22nd February 2024 in Yulu Bikes Private Ltd.⭐
That's all for now! I hope you enjoyed the content. Thank You for reading, and wishing you a fantastic weekend and a profitable week ahead! Disclaimer: Any stock or company discussed above should not be considered as a Buy/Sell recommendation. We personally or our clients might or might not have a position in any of the stocks discussed. This newsletter is purely is for educational purposes only.
GREAT SUMMARIZATION OF WEEKLY ACTIVITIES IN STOCK MARKET
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