Best Stocks to Buy Today : 11/10/21

Before Market Opens
11 October, 2021

Day Trading: HFCL, Saregama India, Delta Corp, Ramkrishna Forgings, Ashoka Buildcon, Chambal Fertiliser, Zensar, Uflex, UCO Bank, Nazara tech, Southern Ispat, DRC Systems,

Short Term: Yes Bank, Bank of Baroda, JP Power, Grasim, Suzlon, Trident, South India bank, JP Power,

Long Term: Reliance, Wipro, Infosys, Tata Motors, Tech M, HCL, TCS, IRCTC, IEX, Tata Steel,

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Top Market News:

  1. The Institute of Chartered Accountants of India (ICAI) has defended its stance, saying it is not for exempting micro, small, and medium firms from mandatory statutory audit and that the National Fin­an­cial Regulatory Authority has no jurisdiction over MSMEs. Business Standard
  2. Mukesh Ambani-controlled Reliance New Energy Solar, a wholly owned subsidiary of Reliance Industries (RIL), has acquired REC Solar Holdings (REC Group) from China National Bluestar (Group) Co. An RIL statement said the transaction is for an enterprise value of $771 million. Business Standard
  3. Within hours of announcing acquisition of REC Solar Holdings for $771 million, Reliance Industries announced on Sunday that its subsidiary will acquire a 40 per cent stake in Sterling & Wilson Solar Ltd through a combination of primary investment, secondary purchase and open offer for around Rs 2,850 crore. Business Standard
  4. India will await the final outcome of the global tax deal before taking call on withdrawing the equalisation levy (EL) on digital companies such as Google, Facebook and Netflix, which have no physical presence in India, said two official privy to the development. Business Standard
  5. With several states and power distribution companies (discoms) pressing the panic button on coal supply and shortfall in electricity, the Ministry of Coal and Power has rushed in to scotch any rumours of a blackout or power cuts. Business Standard


Google Trends

  • India’s inflation numbers for September are also due. Amid the slowdown in the US economy, experts will also keep an eye on its inflation numbers, which will be out on Wednesday.
  • The board of Coal India Ltd is expected to give its nod to the Centre’s proposal to divest 10 per cent of paid-up capital in the miner’s subsidiary Central Mine Planning and Design Institute Ltd (CMPDIL) and to list the consultancy arm on the bourses, official sources said on Sunday.
  • The city with the worst CO2 emissions is Tokyo, Japan. Here are the details:

    > Total emissions in 2014: 70.13 million tons of CO2 equivalent

    > Transport, industrial, waste, and local power plants: 27.61 million tons of CO2 equivalent — #6 most in study

    > Grid-supplied energy produced outside the city boundary: 42.52 million tons of CO2 equivalent — #1 most in study


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