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Stock Market

Indian Stocks surge: From Rs 1 Lakh to Rs 9 Crore, Meet the Top 10 Multibaggers of 2024.

by theparliamentnews.com 12 December 2024

written by theparliamentnews.com

Remarkable gains for the Indian stock market, select BSE-listed companies have delivered astronomical returns, turning modest investments into fortunes. While the BSE Sensex posted a steady 17% gain and the BSE SmallCap index surged by 39%, a handful of stocks outshone the broader market with staggering returns of up to 91,000%.

As 2024 draws to a close, let’s take a closer look at the top 10 market performers that have redefined wealth creation in just 12 months.

1. Sri Adhikari Brothers Television Network – 91,161% Return

Topping the list is Sri Adhikari Brothers Television Network, a leader in the entertainment industry. Its share price skyrocketed from Rs 2.4 to Rs 2,153.8, boosting its market cap from Rs 8 crore to an impressive Rs 5,465 crore. An investment of Rs 1 lakh in this stock a year ago would now be worth over Rs 9 crore.

2. Marsons – 2,763% Return

This electric equipment manufacturer saw its stock price soar from Rs 8.4 to Rs 241.1, reflecting a robust market demand. The company’s market capitalisation now stands at Rs 4,148 crore, making it a standout performer in its sector.

3. Bharat Global Developers – 2,441% Return

In the IT-software sector, Bharat Global Developers emerged as a shining star. Its stock surged from Rs 42.2 to Rs 1,073.5, catapulting its market cap to Rs 10,870 crore.

4. Eraaya Lifespaces – 1,935% Return

The auto ancillary industry also witnessed remarkable growth, with Eraaya Lifespaces leading the charge. Its share price jumped from Rs 8.8 to Rs 179.5, elevating its market capitalisation to Rs 3,393 crore.

5. Vantage Knowledge Academy – 1,823% Return

Operating in the educational institutions sector, Vantage Knowledge Academy delivered stellar returns. Its stock price rose from Rs 11.6 to Rs 222.9, increasing its market cap to Rs 2,537 crore.

6. Ashika Credit Capital – 1,675% Return

In the finance-NBFC sector, Ashika Credit Capital made waves with its share price climbing from Rs 48.4 to Rs 859.1. Its market cap now stands at Rs 2,164 crore.

7. Diamond Power Infrastructure – 1,238% Return

The cable industry had its moment in the spotlight with Diamond Power Infrastructure. Its stock rose from Rs 12.0 to Rs 159.9, pushing its market capitalisation to Rs 8,426 crore.

8. CIAN Agro Industries & Infrastructure – 1,061% Return

Specialising in edible oil, CIAN Agro Industries & Infrastructure delivered a strong performance, with its share price climbing from Rs 37.5 to Rs 434.9 and its market cap reaching Rs 1,217 crore.

9. TechNVision Ventures – 882% Return

Another standout in the IT-software sector, TechNVision Ventures, saw its stock price soar from Rs 358.0 to Rs 3,516.5. Its market cap now totals Rs 2,207 crore.

10. RDB Infrastructure and Power – 754% Return

Representing the real estate sector, RDB Infrastructure and Power posted an impressive return, with its share price rising from Rs 68.1 to Rs 581.0. Its market capitalisation has grown to Rs 1,004 crore.

Honorable Mention: Bondada Engineering – 741% Return

In the telecom infrastructure sector, Bondada Engineering posted robust growth. Its stock price climbed from Rs 82.1 to Rs 689.8, raising its market cap to Rs 7,451 crore.

12 December 2024 0 comment

Blog Business Featured

Sensex Surges 600 Points as US Election Buzz Fuels Market Momentum

by theparliamentnews.com 6 November 2024

written by theparliamentnews.com

In a robust market response amid U.S. election anticipation, the Indian stock market saw an impressive rally, with both the Sensex and Nifty posting significant gains. By 10:07 am IST, the BSE Sensex had surged to 80,093.19, marking a rise of 616.56 points (0.78%) from the previous close. Similarly, the Nifty climbed to 24,410.15, advancing by 196.85 points (0.81%).

Key Market Movements

On the previous trading day, Sensex closed at a solid 79,476.63, a jump of 694.39 points (0.88%), while the Nifty concluded at 24,213.30, an increase of 217.95 points (0.91%). This upward momentum suggests strong optimism among investors, possibly fueled by expectations of U.S. election outcomes and their implications on the global economy.

Factors Boosting Market Sentiment

Indian investors are closely monitoring the U.S. elections, as shifts in American policy could influence market conditions worldwide. Recent data indicated an appetite for risk assets, with key sectors such as banking, technology, and consumer goods contributing to the positive trend on Sensex and Nifty. Traders and analysts seem encouraged by the steadiness in U.S. pre-election polls and potential outcomes that may support steady economic growth.

Sector Performances

India’s banking stocks led the charge, showing resilience and stability, while tech and consumer goods also posted gains. Additionally, investor confidence was buoyed by strong performances in global equities, setting a positive precedent. This rally suggests a bullish outlook, as market participants anticipate a more predictable economic climate post-election.

What’s Ahead?

While the immediate impact of U.S. elections is reflected in today’s trading, experts predict continued volatility. For Indian markets, potential U.S. policy changes could either bolster or weigh on trade, but for now, the prevailing sentiment is one of cautious optimism.

6 November 2024 0 comment

Blog Business Featured

Sensex Rebounds with a 1,100-Point Jump, Nifty Breaks 24,400 in Monday Rally

by theparliamentnews.com 28 October 2024

written by theparliamentnews.com

The Indian stock market rallied impressively today, marking a sharp rebound after a series of lackluster sessions. Both the Sensex and Nifty 50 surged over 1%, bolstering market sentiment as investors geared up for the final trading week of October. The Sensex kicked off with a robust opening at 79,653.67, climbing 1.3% from the previous close of 79,402.29. Similarly, Nifty 50 saw a jump, crossing the 24,400 level with gains of over 1%. This uptrend comes on the heels of five straight sessions of declines and has been fueled by five key factors that investors should keep an eye on.

1. Positive Global Cues from Asian Markets

Asian markets set the tone with an optimistic outlook, particularly in Japan, where stocks soared following political developments. The yen hit a three-month low after Prime Minister Shigeru Ishiba’s coalition lost its parliamentary majority. This regional upswing has lent considerable support to Indian markets as well, contributing to a positive start to the week.

2. Short-Covering Rally

After days of market correction, the Indian market witnessed a robust short-covering rally today. Analysts attribute this turnaround to a pattern seen after significant market dips, where investors close out short positions, triggering a rally. The Nifty 50’s 2.58% dip last week, marking a fourth week of declines, created room for this resurgence. Additionally, stronger performance by large-cap stocks, particularly in banking, has driven today’s positive sentiment.

3. Sectoral Strength in Key Indices

Today, gains were seen across all sectoral indices, with PSU Bank, Metal, Auto, and Realty sectors leading the way. Banking stocks such as ICICI Bank, Bank of Baroda, and Punjab National Bank fueled this rally, with ICICI Bank’s Q2 earnings playing a major role in lifting investor confidence. Bank Nifty surged past the 51,400 mark, adding to the overall market momentum.

4. Technical Factors Indicating a Bounce

Nifty 50 tested its support level at 24,100 on Friday, managing to end on a bullish note with a strong wick on the downside, hinting at buyer activity. Breaking the resistance at 24,400 today, Nifty is in a promising position to further test 24,750. This week, the historical performance of the 44th trading week of the year indicates an 80% probability of gains, averaging a 1.4% increase. Analysts, however, caution that the Nifty will face significant resistance between 24,413 and 24,462.

5. Decline in Crude Oil Prices

A dramatic drop in crude oil prices by over 4% further bolstered market sentiment. After Israel’s recent strike on Iran did not impact oil or nuclear facilities, Brent crude dropped to $72.77 per barrel, and WTI fell to $68.56. This price dip benefits India, a major crude importer, by potentially easing inflationary pressures. Lower inflation could provide the Reserve Bank of India (RBI) room to maintain or even lower interest rates, which would support further economic growth.

Market Movers: Top Gainers and Losers

Today’s rally saw Shriram Finance, Mahindra & Mahindra, ICICI Bank, Adani Enterprises, and IndusInd Bank as top gainers on Nifty 50, while Coal India, Bharat Electronics, Tech Mahindra, SBI Life Insurance, and Axis Bank were among the few to close lower.

Looking Ahead

While today’s market rally is an encouraging sign, it’s essential to watch for potential resistance and economic developments globally. Investors are advised to keep an eye on crude prices, sectoral trends, and technical support levels as the week progresses.

28 October 2024 0 comment

Blog Business Featured India

Indian Stock Market Hits Record High: Sensex and Nifty Soar as Automakers Lead the Rally

by theparliamentnews.com 26 September 2024

written by theparliamentnews.com

The Indian stock market witnessed an extraordinary rally on Thursday, September 26, as both the Sensex and Nifty 50 surged to new all-time highs. With gains driven by heavyweight automakers and select index giants, the Sensex climbed nearly 0.8% to close at a record 85,836.12, while the Nifty 50 peaked at 26,250.90 before settling at 26,216.05, up 0.81%.

Among the biggest winners were auto giants like Mahindra & Mahindra, Maruti Suzuki, and Tata Motors, with the Nifty Auto index jumping 2.26% and leading the day’s charge. At the same time, the BSE Midcap index held steady, and the BSE Smallcap index dipped slightly, reflecting the focus on large-cap stocks, which dominated trading activity. The total market capitalization of BSE-listed firms rose to ₹477 lakh crore, making investors ₹2 lakh crore richer in just one trading session.

A significant boost came from global cues, particularly China’s recent economic stimulus announcement. This move has revitalized investor sentiment, driving Asian markets higher and further lifting the Indian indices. “China’s stimulus has significantly enhanced investor confidence, creating strong positive momentum in global and Asian markets,” said Vinod Nair, Head of Research at Geojit Financial Services. He added that expectations of a recovery in corporate earnings for H2FY25, backed by anticipated government spending, also contributed to the rally.

In addition to the auto sector, stocks in sectors like FMCG, banking, and metals performed well, with ITC, Reliance Industries, and Hindustan Unilever contributing significantly to Nifty’s gains. Notably, 257 stocks, including NTPC, Bharti Airtel, Bajaj Finserv, and Sun Pharma, hit their 52-week highs in intraday trading.

On the global front, European and Asian markets were buoyed by China’s economic measures, along with news of potential rate cuts in the U.S. These factors, coupled with falling bond yields in developed economies, added to the surge of optimism. “The Indian market is scaling new heights, anticipating a strong corporate earnings recovery in the second half of FY25,” added Nair.

Prashanth Tapse, Senior VP of Research at Mehta Equities, pointed out that the monthly derivatives expiry day also played a role in the stock market’s sharp climb. “Winding up of positions and positive cues from global markets triggered a sharp upsurge,” he explained, as both the Sensex and Nifty approach even higher milestones.

As investor optimism continues to rise, the Indian stock market stands strong, driven by large-cap stocks and favorable global conditions, offering hope for further growth in the coming months.

26 September 2024 0 comment

Blog Education & Tech Featured

Super Micro Computer Emerges as Top Performer, Surpassing Nvidia’s Growth

by theparliamentnews.com 18 March 2024

written by theparliamentnews.com

In the realm of semiconductor giants, Nvidia has long been a prominent figure, boasting exponential growth and commanding a significant portion of the market. However, in a surprising turn of events, one of Nvidia’s key customers, server-maker Super Micro Computer, has managed to surpass even the formidable Jensen Huang-led company in terms of stock performance.

While Nvidia experienced a remarkable 80% surge over a 10-week rally, fueled by soaring demand for chips essential in artificial intelligence (AI) applications, Super Micro Computer emerged as the unsung hero of the tech sector. The server manufacturer’s partnership with Nvidia, supplying servers brimming with the chipmaker’s AI-driven processors, propelled Super Micro Computer’s revenue projections to double this year, according to a report by the Wall Street Journal.

In the past year alone, shares of Super Micro Computer skyrocketed by over 1200%, a staggering feat that caught the attention of investors and analysts alike. Such impressive growth has propelled the company to the threshold of joining the prestigious S&P 500 index of major US-listed companies, underscoring its newfound prominence in the tech landscape.

Established in Silicon Valley in 1993, the same year as Nvidia’s inception by Jensen Huang, Super Micro Computer’s meteoric rise reflects the symbiotic relationship between the two entities. While Nvidia basks in the spotlight for its cutting-edge AI technologies, Super Micro Computer quietly plays a pivotal role as a key supplier, capitalizing on the burgeoning demand for AI-infused servers.

Nvidia’s dominance in the chip market has not gone unnoticed, with the company’s stock achieving unparalleled heights and cementing its status as a heavyweight contender. Boasting a market capitalization of approximately $2.2 trillion, Nvidia trails closely behind tech behemoths Microsoft Corp and Apple Inc, solidifying its position as a formidable force in the industry.

Jensen Huang, Nvidia’s visionary CEO, recently ignited speculation about the imminent arrival of artificial general intelligence (AGI), suggesting that such advancements could materialize within the next five years. While the prospect of AGI remains a subject of fervent debate, Huang’s optimistic outlook underscores Nvidia’s relentless pursuit of technological innovation and its enduring influence on the future of AI.

As Nvidia continues to push the boundaries of AI research and development, its collaboration with stalwart partners like Super Micro Computer exemplifies the collective efforts driving the tech industry forward. Amidst a landscape characterized by rapid advancements and fierce competition, both companies stand poised to shape the trajectory of AI-driven innovation for years to come.

18 March 2024 0 comment

Blog Business Education & Tech Featured

AI Stocks Surge as Nvidia Reveals Stakes in Smaller Firms

by theparliamentnews.com 16 February 2024

written by theparliamentnews.com

Influencing the artificial intelligence (AI) landscape, Nvidia, the world’s leading AI chipmaker, has disclosed stakes in several smaller AI companies, triggering a rally in their stock prices. The revelation, made in a 13F filing on Wednesday, provides insights into Nvidia’s strategic growth plans, particularly as the company cements its position as the third most valuable U.S. company, experiencing rapid market value expansion.

Nvidia’s largest disclosed investment, totaling $147.3 million, was in Arm Holdings, a chip designer that Nvidia attempted to acquire for $80 billion two years ago. Despite the deal facing antitrust challenges and ultimately failing, Nvidia’s continued interest in Arm is evident. The disclosure showcases Nvidia’s diversification into various companies, a move that analysts believe could lead to the development of more affordable and hyper-focused chipsets tailored for specific applications, rather than general-purpose AI chips.

Several AI-related companies witnessed a surge in their stock prices following Nvidia’s disclosure. Recursion Pharmaceuticals, a biotech firm in which Nvidia invested nearly $76 million, experienced a 5% gain. Nvidia’s investment in Recursion last year aimed to accelerate the training of the firm’s AI models for drug discovery.

Conversational voice assistants developer SoundHound AI saw its shares skyrocket by 50% to $3.33 after Nvidia invested nearly $3.7 million. Similarly, Nvidia’s stake in Israel-based medical device company Nano-X Imaging, which utilizes AI software for report analysis, led to a remarkable 52% increase in Nano-X’s shares.

Autonomous driving technology firm TuSimple Holdings, which recently delisted from the Nasdaq, drew $3 million in capital from Nvidia. The diverse investments by Nvidia indicate a strategic portfolio approach, supporting companies in need of capital and potentially yielding both winners and losers.

Rick Meckler, a partner at Cherry Lane Investments, noted that an investment from Nvidia is viewed positively by investors and can aid companies in raising capital. The disclosed stakes by Nvidia also attracted attention from retail traders, with SoundHound and Nano-X Imaging ranking among the top five most actively traded stocks by individual investors.

The surge in AI-related stocks extended beyond those directly invested in by Nvidia, with Guardforce AI witnessing an 11% increase and BigBear.ai Holdings gaining 10.3%. Notably, several prominent funds, including Rokos Capital Management and Bridgewater Associates, also invested in Nvidia toward the end of 2023, further solidifying the chipmaker’s prominence in the AI landscape.

16 February 2024 0 comment

Blog Business Featured

Market Heroes of 2023: Apple, Amazon, Alphabet, and More Propel US Stocks to Impressive Recovery

by theparliamentnews.com 12 February 2024

written by theparliamentnews.com

A pivotal turn of events: Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia, and Tesla collectively dubbed the “Seven Samurai” by financial expert Aswath Damodaran, orchestrated a remarkable market rebound in 2023. The “Magnificent Seven” played a crucial role in rescuing investors from the challenges of 2022, contributing to an impressive $5.1 trillion surge in their collective market capitalization.

These stocks, led by notable performers Nvidia and Meta, emerged as the driving force behind a 23.25% overall price appreciation in the US equity market. Microsoft and Apple, each adding a trillion dollars to their market caps, solidified their positions as major players in the market resurgence. Damodaran’s analysis reveals that these companies accounted for over 50% of the total increase in the US equity market capitalization.

The cumulative market cap of the Seven Samurai has witnessed a remarkable ascent over the last decade, soaring from $1.1 trillion in 2012 to an astounding $12 trillion in 2023. This represents 24.51% of the overall US market cap, signaling a substantial impact on the market landscape.

Damodaran delved into the factors propelling the success of these stocks. Despite a rebound from losses incurred in 2022, the stellar 2023 performance goes beyond mere correction, indicating robust profitability and operating performance. The Seven Samurai demonstrated pricing power, economic resilience, and acted as lucrative money machines, showcasing strong earnings.

The valuation guru emphasized the “winner-take-all economics” as a crucial factor, reflecting a shift from manufacturing to a technology-driven global economy. While acknowledging their past glory, Damodaran cautioned investors about the current premium pricing scenario, urging prudent investment strategies as the future remains uncertain. Even though the Mag Seven have reshaped the market landscape, their present valuation demands careful consideration.

12 February 2024 0 comment

Blog Business Featured

Assessing Market Prospects for January 2024: Navigating Historical Trends Amidst Current Positive Indicators

by theparliamentnews.com 31 December 2023

written by theparliamentnews.com

As we enter 2024, the market has seen a 7% gain in December, an 18% return in the last two months, a 46% return in 2023, and a 57% gain in nine months from the low of March.

Over the last 16 years, the NSE midcap index and the 100 stock index, reflecting midcap and large-cap segments, have witnessed negative returns in 12 out of 16 Januarys. Averaging a 2.2% negative return, exceptions include positive years like 2012, 2015, 2017, and 2020. Notably, 2012 showcased a double-digit return after a 25% market fall in 2011.

Examining historical data reveals nuanced market behavior. In 2011, a 17% market decline preceded the positive January of 2012. Similarly, despite a robust election outcome in 2014, 2015 saw a market return of less than 15% in the prior five months. The positive January of 2017 followed a 10% demonetization-led sell-off in 2016, and 2020’s positive start was amidst recovering from the NBFC crisis.

As we step into 2024, the market closed December with a 7% gain, showcasing an 18% return in the last two months, a 46% return in 2023, and an impressive 57% gain in nine months from the March low. While these gains hold significance for traders and momentum enthusiasts, long-term investors may view them as short-term fluctuations.

Decent macro-economic fundamentals, an anticipation of lower global interest rates, and reduced election risk post BJP’s strong performance in recent state elections contribute to positive factors. While January historically presents challenges, the current positive indicators suggest the market may defy seasonal trends.

The key lies in balancing short-term considerations with a long-term perspective as we embark on the new year.

31 December 2023 0 comment

Blog Business Featured India

Adani Shares Soar, Investor Rajiv Jain gained ₹17,000 Crore in just 9 Months.

by theparliamentnews.com 6 December 2023

written by theparliamentnews.com

In just nine months, Rajiv Jain, an Indian-American investor, saw his firm’s investment in Adani Group shares skyrocket, gaining a whopping ₹17,000 crore.

The Rise of Adani Shares:

Rajiv Jain, the founder of GQG Partners, made a smart move in March by investing in Adani Group shares. Back then, Adani faced challenges, losing nearly 2/3rd of its market value after a report by an American conglomerate. Jain’s early support was crucial, bringing back confidence in the conglomerate.

A Remarkable Turnaround:

Since Jain’s investment, the Adani Group’s market value has soared, rising by billions of dollars. Adani, which faced skepticism, got a boost from Jain’s backing. The conglomerate’s market value, once at $150 billion, has now experienced a remarkable turnaround.

Jain’s Investment Success:

Jain invested ₹20,360 crore initially, and thanks to the rally in Adani shares, the portfolio’s value has ballooned to ₹37,459 crore by December 5. This incredible increase of 84 percent translated into a profit of over ₹17,000 crore.

Recent Developments Boost Adani’s Fortunes:

Recent positive developments, including Adani’s green energy unit securing a $1.4 billion loan and favorable reports from Bloomberg News, further fueled the rally. The sentiments of Adani’s investors were lifted by the Supreme Court’s remark that media reports against the group weren’t always “gospel truth.”

About Rajiv Jain:

Rajiv Jain is the chairman and chief investment officer of GQG Partners, a company he founded in 2016. Born in India, Jain moved to the US in the 1990s to pursue an MBA in Miami. His strategic investment in Adani Group has not only reaped significant rewards for his firm but has also played a key role in Adani’s impressive comeback.

Conclusion:

Rajiv Jain’s timely and confident investment in Adani Group shares has proven to be a game-changer, contributing to the conglomerate’s remarkable turnaround. As Adani continues its positive trajectory, Jain’s success story stands out as a testament to the impact of strategic and well-timed investments in the dynamic world of finance.

6 December 2023 0 comment

Blog Business Featured

Stock Market Updates: 6 Changes You Need to Know.

by theparliamentnews.com 6 December 2023

written by theparliamentnews.com

In a Nutshell: The stock market is buzzing with changes! Here’s a quick rundown of what happened overnight that might affect your investments.

Sensex and Nifty Expected to Shine: Good news for investors! The Sensex and Nifty 50 are likely to hit new highs today. The global mood is positive, and Asian markets traded higher.

Record-Breaking Tuesday: Yesterday, the Sensex and Nifty 50 hit record highs. Sensex rose by 431.02 points, and Nifty 50 settled 168.30 points higher. Investors are feeling optimistic due to strong macro numbers and the recent political victory.

Global Cues for Sensex: Asian markets are on the rise, and US Treasury yields dropped. Japan’s Nikkei 225, South Korea’s Kospi, and Australia’s S&P/ASX 200 all saw gains. Gift Nifty is also pointing towards a positive start for Indian markets.

Mixed Day for US Stock Market: In the US, stock market indices had a mixed day. Dow Jones fell a bit, S&P 500 eased, but Nasdaq Composite ended higher. Fresh employment data raised expectations of a sooner Fed rate cut.

US Job Openings Hit a Low: Job openings in the US hit a more than 2-1/2-year low in October. This suggests that higher interest rates might be affecting the demand for workers, hinting at a possible end to the Federal Reserve’s tightening cycle.

Oil Prices Drop, Dollar Rebounds, and Mastercard’s Move: Crude oil prices fell for the fifth consecutive day due to concerns about increased supply. The US dollar rebounded against various currencies. In a separate move, Mastercard approved a $11 billion share buyback program and raised its quarterly dividend.

Conclusion: The stock market is full of action! Positive global sentiments, record-breaking Tuesday, and various economic indicators are shaping the investment landscape. Stay tuned for more updates as the market journey unfolds.

6 December 2023 0 comment

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Stock Market

1. Sri Adhikari Brothers Television Network – 91,161% Return

2. Marsons – 2,763% Return

3. Bharat Global Developers – 2,441% Return

4. Eraaya Lifespaces – 1,935% Return

5. Vantage Knowledge Academy – 1,823% Return

6. Ashika Credit Capital – 1,675% Return

7. Diamond Power Infrastructure – 1,238% Return

8. CIAN Agro Industries & Infrastructure – 1,061% Return

9. TechNVision Ventures – 882% Return

10. RDB Infrastructure and Power – 754% Return

Honorable Mention: Bondada Engineering – 741% Return

Key Market Movements

Factors Boosting Market Sentiment

Sector Performances

What’s Ahead?

1. Positive Global Cues from Asian Markets

2. Short-Covering Rally

3. Sectoral Strength in Key Indices

4. Technical Factors Indicating a Bounce

5. Decline in Crude Oil Prices

Market Movers: Top Gainers and Losers

Looking Ahead

As we enter 2024, the market has seen a 7% gain in December, an 18% return in the last two months, a 46% return in 2023, and a 57% gain in nine months from the low of March.

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