Best Stocks to Buy Today India : 29 October 2021

Before Market Opens
29 October, 2021

Day Trading: Adani Transmission, Vedanta, Bharat Petroleum, Adani Green, Adani Total, NTPC, Gokul Agro, KDDL, Sona precision,

Short Term: ABB, Bliss GVS Pharma, IIFL wealth mgt, Triveni Turbine, Tanla, Asahi Glass, TVS Motors, Cummins

Long Term: IRCTC, Indusind Bank, United Spirits, Bandhan Bank, Larsen, Asian Paints, Shree Cements,

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Top Market News:

  1. Paytm IPO will be at $19.5 billion to $20 billion valuation, the company officially revealed for the first time on Thursday. Paytm was valued at $16 billion when it raised funds two years ago. Business Standard
  2. India’s largest airline IndiGo’s management showed signs of strong optimism even though the company posted a loss of Rs 1,435.70 crore in the September quarter, primarily hit by rising crude oil. Business Standard
  3. Morgan Stanley has downgraded domestic equities from ‘overweight’ (OW) to ‘equalweight’ (EW) and recommended taking some money off the table. Business Standard
  4. The Supreme Court has set aside the Delhi High Court order, which had permitted Bharti Airtel to claim refund of Rs 923 crore of goods and services tax (GST) from the government. The telecom operator claimed that it had paid an excess GST for July-September, 2017 and wanted to rectify its relevant returns for that period to get the refund. Business Standard
  5. Monday onwards, half the revenue that accrues to Indian Railway Catering and Tourism Corporation (IRCTC) through the convenience fee on train tickets will go to the Ministry of Railways. Business Standard


Google Trends

  • Twitter announces total revenue of $1.28bn, 13% year-over-year growth in Monetizable Daily Active Usage.
  • American automotive giant General Motors (GM) has announced a new community charging program that will see the installation of up to 40,000 Level 2 EV chargers across both the United States and Canada as it seeks to catch up with Tesla in the transition to EVs.
  • Facebook CEO Mark Zuckerberg said his company is rebranding itself as Meta in an effort to encompass its virtual-reality vision for the future, what Mr. Zuckerberg calls the “metaverse.”
  • Digital insurance company Acko General Insurance on Thursday announced that it has raised $255 million in a Series D round led by General Atlantic and Multiples Private Equity. With this, it becomes the 34th unicorn this year to enter the unicorn list in 2021. This funding takes the valuation of the company to $1.1 billion.


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