Author: wealth18.com

Canada Pension Plan Investment Board has picked up a 3.25 % stake in private sector lender Kotak Mahindra Bank through a block deal on the Bombay Stock Exchange on Friday. Canada Pension Plan purchased 2.5 crore equity shares at Rs 880 per share, which were worth Rs 2,200 crore. However, promoter Kotak Trustee Company Private Limited A/C USK Benefit Trust-II was the seller, which offloaded 2,49,84,782 shares at Rs 880. With this stake sale, promoter and promoter group's shareholding reduced to 40.3 percent from 43.58 percent earlier . The reduction of stake sale by promoter took place after it had received a communication from the Reserve Bank of India (RBI) to bring down its promoter shareholding to 40 percent by September 30, 2014 and 30 percent by December. Commenting on the developmen...

Abu Dhabi Investment Authority - Gulab has picked up a 0.5 % stake (worth Rs 99 crore) in Aurobindo Pharma through a block deal on the National Stock Exchange on Friday. Abu Dhabi Investment bought 14,75,687 equity shares at Rs 670.51 per share while Morgan Stanley Asia Singapore Pte offloaded 0.6 percent stake ( out of 1.6 percent stake as of March 2014 ) in healthcare company. Morgan Stanley sold 17,32,500 equity shares at Rs 669.92 apiece. On Friday, Aurobindo Pharma stock closed at Rs 669.80, up 5.14 percent after hitting a record high of Rs 679.80. Market capitalisation of the company currently stands at Rs 19,521.79 crore.

HDFC Mutual Fund has purchased shares of Astra Microwave Products worth Rs 4.9 crore through block deal on the National Stock Exchange on Friday.  The fund house bought 4,50,001 equity shares at Rs 108.97 per share whereas Param Capital Research Private Limited sold 5 lakh shares at Rs 109.49 apiece. On Friday, the stock closed at 52-week high of Rs 111.95, up 20% amid hefty volumes. Market capitalisation of the company currently stands at Rs 916.03 crore. The rally in the stock was also because of commerce minister Arun Jaitley has given nod to cabinet note on hiking defence FDI cap. According to CNBC-TV18 sources, the cabinet note proposes to hike defence FDI to 100 percent from 26 percent. The note also proposes that FIIs and portfolio investors can hold up to 49 percent in the sec...

Prabhudas Lilladher has come out with its "India Strategy" report. The research firm belives that following companies have great potential to give handsome returns. J K Lakshmi Cement, Texmaco, Titagarh Rail, AIA Engineering, Dewan Housing Finance, Astra Microwave,   Elecon Engineering, Gati, Finolex Cables and Bajaj Electricals Kolte Patil

The stock market is betting the new government will focus on sectors such as banking, infrastructure, power, highways and telecom to boost growth. ET has compiled a list of 10 stocks that could benefit the most from a policy push. Company CMP YTD Return Reason         ICICI Bank 1469 33% Lower Inflation & fiscal deficit. Positive Interest rate perspective L&T 1525 42% well leveraged to take advantage of a demand uptick if the capital expenditure cycle revives. benefi t from value unlocking in the next 1-3 years. Maruti 2215 25% Strong competitive position, sharp rebound in volumes driven by consumer sentiment improvement and product launches, potential market-share gains and higher margins. ONGC 417 46% Subsidy rationalisation and higher gas price SBI 2569...

21/5/2014    Macquarie Bank purchased more than 1 million shares of the company at an average price of Rs 97.02 per share in a block deal on Tuesday, NSE data shows. Shares in Gati LtdBSE 4.58 %, logistics solutions company, surged about 7 per cent after Macquarie Bank bought stocks in the company on Tuesday in a transaction estimated at about Rs 99.5 million.   On December 30 2013,  M/s Derive Investments a fund run by independent investor Radhakishan Damani and Gopikishan Damani, bought 4.44 million shares, or 5.13% of the total equity of the company via open market purchase. Post acquisition, total holding of M/s Derive Investments has increased to 6.97% from 1.84% earlier, it added.  He bought at @ 43 per share.    

With strong mandate to the National Democratic Alliance (NDA), the new government can take bold economic steps without any strong opposition. According to the brokerages, following the strong recent run up, valuations in the India equity market are not cheap and, hence, the market could consolidate in the near term. On the other hand, the strong developmental focus of the new government should lead to longer-term appreciation of the market. Barclays Corporates with improving asset utilisation (Tata Steel, Hindalco); Corporates with reducing balance sheet leverage (Tata Steel, Hindalco, IRB Infra); unleveraged corporates investing in new infrastructure opportunities (Adani Ports, Coal India, L&T); and companies benefiting from a lower subsidy regime (ONGC, BPCL), CLSA Its...

Motilal Oswal - Stocks to watch - Stock Recommendation for Investment for Medium to Long term - May 2014 Sector Preferred Pick     Financials SBI ICICI Bank Axis bank Canara Bank OBC NBFCs Power Finance Shriram Transport Finance Capital Goods L&T BHEL Thermax Power NTPC Coal India Jai Prakash Energy ONGC BPCL Auto Maruti Ashok Leyland TVS Motors Cement ACC Dalmia Bharat Ultratech Real Estate IBREL DLF Unitech Media Sun TV Dish TV   Also Read - 30 Stocks Recommended by Dolat Capital Also Read - Large / Midcap / Small cap Stock Recommendations for 2014