GAGA Share Market News

[hfe_template id='11223'] [ad_1] As a forward-looking animal, the stock market has already discounted the probability of Narendra Modi's return as Prime Minister when election results are declared on June 4. Of special interest this election season are Modi stocks which have gained an average of 50% in the last six months. This may be the basket that continues to rally the most if the market celebrates a strong election result for the ruling party on 4 June, say CLSA analysts. What are Modi stocks? Given the sheer impact that the government's policies have had on several sectors, investors have begun to categorise stocks that are direct policy plays into a new basket called Modi stocks.These stocks are seen as being the direct beneficiaries of popularly expected policy measures from Modi 3.0. Many of these stocks are rallying more on perception. Modi stocks are related to capex and infrastructure-linked sectors, PSUs, or stocks of some corporate houses. Also read...

[hfe_template id='11223'] [ad_1] Shares of PSU stock Bharat Heavy Electricals (BHEL) fell up to 8% on BSE on Wednesday to Rs 295 after the company reported an over 25% year-on-year (YoY) decline in its consolidated net profit to Rs 489.62 crore in the March quarter. Kotak Equities sees a downside to Rs 75 for the stock while other brokerages are still optimistic about the future. “BHEL’s results were weak on execution and working capital, making it a net debt company. With ordering at 3X of revenues and potentially peaked out, the focus would shift to the pace of execution and margin improvement. We see impediments to both on account of high dependence of vendors beyond BTG work. Execution is also key to working capital reduction given revised terms linked more to milestones,” said a report by Kotak Institutional Equities. The brokerage maintained a ‘sell’ call on the stock while revising the target to Rs 75. Also read: Paytm Q4 Results: Loss widens to Rs 550 crore; reve...