Best Stocks to Buy Today : 08/10/21

Before Market Opens
8 October, 2021

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.


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

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

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