Stocks

Rakesh Jhunjhunwala today purchased nearly 2% stake in commodity exchange MCX for over Rs 66 crore ( @ Rs 664 / share) According to information available with the stock exchanges, Financial Technologies (India) Ltd (FTIL) has sold a total of 10.19 lakh shares, amounting to 2% stake in MCX. FTIL diluted its holding in MCX from 26 % to 24% . Jhunjhunwala picked up 10 lakh shares of Multi Commodity Exchange (MCX) on an average price of Rs 664 per share. This values the transaction at Rs 66.4 crore.+   Also Read - Rakesh Jhunjhunwala Latest Portfolio Holdings - July 2014   These transactions took place at a time when parleys are being held on for sale of 24 per cent stake by Jignesh Shah-promoted FTIL in MCX and the interested  bidders include Kotak Group and Reliance Capital. However, the st...

On June 27, 2014, Citigroup Global Market Mauritus Private Limited bought 40,00,000 shares at Rs 94.05 n the NSE. Unisuper Limited as Trustee for Unisuper sold 23,01,406 shares of  Housing Development and Infrastructure  (HDIL) at Rs 91.46 on the NSE.   Earlier in Mar-April 2014, Nomura & kotak has picked stakes in HDIL .  Read News.   In the previous trading session, the share closed at Rs 96.90, up Rs 5.00, or 5.44 percent. The share touched its 52-week high Rs 113.85 and 52-week low Rs 26.10 on 09 June, 2014 and 07 August, 2013, respectively. The company's trailing 12-month (TTM) EPS was at Rs 5.84 per share. (Mar, 2014). The stock's price-to-earnings (P/E) ratio was 16.59. The latest book value of the company is Rs 248.84 per share. At current value, the price-to...

Speaking at a CII conference yesterday, Jhunjhunwala of Rare Enterprise said, "One should buy companies which have strong managements and good corporate governance. Always look at opportunities with tremendous growth potential." Big bull Rakesh Jhunjhunwala is betting on four stocks - Rallis India, Titan, Colgate Palmolive and Praj Industries. Also read - Rakesh Jhunjhunwala Latest Portfolio Holdings  He explains why he's betting on the above-mentioned four stocks: Colgate Palmolive: The first thing which investors should look at is 'opportunity'. Without opportunity, there can be no economic activity and without economic activity, there can be no profitability. For example, if we look at Colgate Palmolive, I look at the present demand for toothpaste in India and the potential for growth...

 As we head towards the second half of 2014, here are some stock picking ideas by Bank of America Merrill Lynch for better returns.These stocks are market-agnostic ideas and are chosen based on potential target price upside as well as catalysts ahead. Here are “The Playing Eleven” by BoML Stock upside potential Bharat Electronics 13% Bharti 15% ICICI Bank 28% Lupin 22% Maruti 20% OIL 13% Prestige 18% TCS 18% Titan 25% Voltas 22% Tata Steel 34%  

The market is excited about the NDA government's plan to develop 100 new smart cities as it could boost demand for several other industries. For instance, Assuming a population of two lakh in each of the 100 cities and four people in each house, the smart city plan would generate demand for 50 lakh new homes. ETIG has identified 10 stocks that will likely be among those benefiting the most from a construction boom.  Asian Paints and Berger Paints Asian Paints and Berger Paints together control close to 75% of India's organised retail paint market. The Indian paint industry, which was growing 1.6-1.8 times the pace of gross domestic product until a few years ago, now expands at twice the speed of GDP as consumers shift to branded products. And, both Asian Paints and Berger Paints have post...

MV SCIF Mauritius, part of US-based asset managment company Van Eck Associates Corporation, picked up over two crore shares of six companies, including Unitech , Tata Elxsi , MTNL and Gitanjali Gems for an estimated amount of Rs 122.54 crore through open market route. MV SCIF Mauritius purchased Unitech ( 1.75 crore) for nearly Rs 58 crore  @  Rs 33.07 apiece. MTNL (24 lakh), Gitanjali Gems (4.97 lakh), Tata Elxi (3.29 lakh), Ceat Ltd (2.18 lakh), Natco Pharma (1.74 lakh). The entity also offloaded total of 1.92 crore shares worth Rs 64.6 crore of -- Ashok Leyland , Spicejet and Punj Lloyd -- according to the bulk deal information with the stock exchanges. In separate transactions, MV SCIF Mauritius sold 1.36 crore shares of Ashok Leyland for about Rs 44.50 crore. offl...

12/6/2014   In a block deal Rakesh Jhunjhunwala bought a 1.3% stake in homegrown financial services firm Edelweiss Financial Services on Thursday. Jhunjhunwala bought 1 crore shares of the firm at Rs 55 per share from GPC Mauritius, an FII which sold over 2.6 crore of Edelweiss shares at an average price of Rs 56.34 on the BSE. Also read - Rakesh JhunJhunwala Portfolio Holdings - June 2014 According to bulk deal disclosures on the BSE, two funds managed by GPC Mauritius sold about 1.18 crore shares in one fund and another 1.44 crore shares in another. On June 5, the FII had sold 1.25 crore shares of Edelweiss, and as per the March 2014 shareholding data disclosed to the exchanges, GPC Mauritius holds about 1.85 lakh shares of the company. In Thursday's relatively strong market,...

In this post, I am trying to list all the Bulk deals done by Mutual Funds in India. This gives an idea of what Mutual funds are betting on. Bulk Deals by Mutual Funds in June 2014 EXC Date Company Client Tran Qty Traded Price BSE 10-Jun-14 Kirloskar Ferro ICICI PRUDENTIAL MUTUAL FUND Sell 782567 38 BSE 09-Jun-14 Prism Cement HDFC MUTUAL FUND Buy 12107022 71.5 NSE 06-Jun-14 Gateway Distri ICICI PRUDENTIAL MUTUAL FUND Buy 1000000 228 BSE 05-Jun-14 Praj Industries HDFC MUTUAL FUND Buy 11000000 75 Bulk Deals by Mutual Funds in May 2014 NSE 30-May-14 Astra Microwave HDFC MUTUAL FUND Buy 450001 108.97 NSE 30-May-14 Venkys RELIANCE SMALL CAP FUND Buy 50000 480 NSE 27-May-14 Sintex Ind CREDIT AGRICOLE ASSET MANAGEMENT SINGAPORE LIMITED (SOFT/BL Buy 1612470 ...

Recommendations (11 June-2014) TVS Motor  ( Deutsche) Grasim   (JPMorgan) Kotak Mahindra Bank (Deutsche) Maruti Suzuki   (Target Rs 2900 - Bank of America Merill Lynch) Sun Pharma ( Target 717 - Barclays) Bharti   ( Target 415  - CLSA)   PTC India -    Macquarie Emerging Markets Asian Trading PTE Limited bought 15,76,800 shares @ 100.58 Strides Arcolab -   Morgan Stanley Asia (Singapore) PTE bought 3,26,212 shares @ 623.62 Logix Microsystems -   Morgan Stanley Asia Singapore PTE bought 5,69,428 shares @ 12.51 Prism Cement - HDFC MF bought 1.21 crore shares @ 71.50 Gateway Distriparks - ICICI MF Bought 10 lakh shares @ 228  (6-Jun-2014) Praj Industries -  HDFC MF bought 1.1 crore shares @ 75 ( 5-Jun-2014) Orbit Corp  -  MORGAN STANLEY ASIA SINGAPORE PTE bought 12.4 lakh shar...

RBS has released a list of stocks which they think will outperform the market in medium to longer term 1. Indian Olympians II - can give 5% more return than Index ASIAN PAINTS BATA CUMMINS CRISIL DABUR DIVI's lab HDFC BAnk INFOSYS Sun Pharma TCS 2. Opportunist - can give 10-50% returns GVK POWER CROMPTON IVRCL TEXMACO GUJARAT PIPAVAV