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In Wednesday’s session, the stock of ICICI Lombard General Insurance ended flat at Rs 1329. The stock, which was trading near its 52 week high of Rs 1369 hit on August 17, 2022 opened at Rs 1,328 level in the previous session.

Motilal Oswal Research confirmed its buy call on ICICI Lombard General Insurance Company Ltd today, with a revised one-year target price of Rs 1,550. The aim represents a 17% increase over the previous BSE close of Rs 1327.05.

• ICICI Lombard General Insurance’s stock closed flat on Wednesday at Rs 1329. The stock, which was trading at its 52-week high of Rs 1369 on August 17, 2022, opened the previous session at Rs 1,328.

• The stock has risen 19% in a year and is expected to rise another 7% in 2023. In the most recent session, 1.29 lakh shares of the company changed hands, resulting in a turnover of Rs 17.13 crore.

In terms of technicals, the stock’s relative strength index (RSI) is 73.6, indicating that it is trading in the overbought zone.

• We believe these are possible through a) scale benefits driving down cost ratios and b) a stronger mix in the health segment with a bigger retail share.

ICICI Lombard General Insurance reported a 40% increase in profit in the March quarter of 2018 fiscal, at Rs 436.96 crore, compared to Rs 312.51 crore profit in the March quarter of 2022. The company reported a PAT of Rs 352.53 crore in the December 2022 quarter.

• Sales increased to Rs 5446.6 crore in Q4 2022, up from Rs 4799 crore in the previous quarter. In Q4, net premium earned increased by more than 12% year on year but decreased by 1.7% sequentially.

We raise our target multiple from 26x to 30x FY25E EPS as we believe the ICICI Bank share sale is now behind us. We maintain our BUY rating and revise our one-year target price to Rs 1,550.”

CONCLUSION

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However, with markets reaching all-time highs, many mutual fund investors are debating whether to take profits or stick with their systematic investment strategies.

In Wednesday’s trading session, the 30-share BSE Sensex rose more than 500 points to a new all-time high of 63,956, while the NSE Nifty rose more than 160 points, or 0.8%, to 18,910.

Mutual funds are often regarded as one of the greatest ways to invest in equities. However, with markets reaching all-time highs, many mutual fund investors are debating whether to take profits or stick with their systematic investment strategies.

“If you are thinking about redeeming your mutual funds, it is important to weigh the pros and cons carefully,” says Viral Bhatt, Founder of Money Mantra. If you need the money for an unanticipated expense, you must redeem your funds.

However, if you are selling your funds because you are concerned about the market, you should think twice. The market is always unpredictable, but it has always trended upwards over time.

“Many investors are blissfully unaware of the advantages of long-term investing and do not seek professional advice.” If you are unsure about the long-term benefits of investing, you should consult with a financial counsellor.

“A financial advisor can assist you in understanding the risks and rewards of investing and in developing a plan that meets your specific needs,” he added.

How do I choose the best fund?

“Historically, good funds have provided appealing past performance.” Any mutual fund will tell you in its risk considerations that past performance is not a guarantee of future performance.

• However, it has been seen that good funds outperform in most market scenarios. “At the very least, they outperform in the long run,” Bhatt added.

• “Preferred a fund that is based a lot more on the process and rules than a fund that is entirely based on the discretion of the fund manager,” he added.

He also emphasised that the most crucial stage in selecting the best mutual funds is to focus on finding mutual funds that meet your specific needs.

CONCLUSION

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On Friday, Bajaj Finance shares will go ex-dividend. For FY23, the NBFC declared a final dividend of Rs 30 per share. Friday would also be a record date in this regard.

Bajaj Auto shares will also go ex-dividend on Friday. This two-wheeler manufacturer declared a dividend of Rs 140 per share.

• On Friday, Bank of Baroda will become ex-dividend. This state-owned bank declared a dividend of Rs 5.50 per share.

• On August 6, the actual payment will be made. Can Fin Homes, which declared a Rs 2 dividend per share, will go ex-dividend on Friday.

• GSK Pharma (Rs 32 per share), Nilkamal (Rs 20 per share), Nippon Life India Asset Management (Rs 7.5 per share), and Escorts Kubota (Rs 7 per share) will be ex-dividend.

• Vaibhav Global and Greenlam Industries, both of which declared a Rs 1.5 per share dividend, will go ex-dividend on Friday.

Sona BLW Precision Forgings (Rs 1.53 per share), Welspun Enterprises (Rs 1 per share), and Syngene International (Rs 0.50 per share final dividend, Rs 0.75 per share special dividend) will all go ex-dividend today.

The shareholders who will be eligible to apply for the rights shares will be determined by the company board on this day. The Rs 9 crore rights offering will begin on July 3 and conclude on July 5.

Eligible shareholders of the firm as of the record date were able to subscribe for three rights shares for every Bandaram Pharma Packtech share they owned on the record date.

CONCLUSION

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Earlier this month, BPCL had informed exchanges that its board of directors will consider the various modalities for capital infusion

The board of directors of the state-run Bharat Petroleum Corporation Ltd (BPCL) has approved a Rs 18,000 crore rights issue of shares to eligible shareholders.

• The money will be raised subject to acquiring all necessary statutory clearances, according to the company’s exchange filing on Wednesday.

• BPCL shares closed 2.11 percent higher on the NSE at Rs 365.85 a share on Wednesday, ahead of the company’s board meeting.

• On the BSE on Tuesday, BPCL shares closed 0.52 percent higher at Rs 360.20 a share.

BPCL told exchanges earlier this month that its board of directors will evaluate several modalities for capital infusion, including rights concerns for accomplishing energy transition, net zero, and energy security goals.

A rights issue is a method of generating capital that involves allowing existing shareholders to buy more new shares in the company.

The business stated in the filing that the detailed parameters of the rights issue, including but not limited to the issue price, right entitlement, record date, timing, and terms of payment, will be communicated separately after Board approval in due course.

BPCL to shut half of Mumbai refinery

According to a company official, Bharat Petroleum plans to shut down half of its crude processing capacity at its 240,000 bpd Mumbai refinery in western India for a month beginning September 21 for maintenance.

According to him, the refinery aims to shut down a 120,000 bpd crude unit, a fluid catalytic cracker (FCCU), a continuous catalytic reformer, and a catalytic cracker, among other units.

He also stated that the refiner intends to close a bitumen plant there for 15 days beginning in mid-August.

CONCLUSION

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Star Housing Finance’s shares rose 3% to Rs 46.75 on Wednesday, giving the business a market valuation of more than Rs 350 crore.

The multibagger home finance provider is trying to improve its position in Western India, particularly Rajasthan, and has just restructured its senior management.

The BSE-listed rural oriented home finance player has appointed Kalpesh Dave as CEO and Anoop Saxena as COO, accelerating its growth trajectory and strengthening its position in the market, the business said in an exchange filing.

• Star Housing Finance’s shares rose 3% to Rs 46.75 on Wednesday, giving the business a market valuation of more than Rs 350 crore.

• The stock has returned 50% since hitting a 52-week low of Rs 31.26 on July 1, 2022. From its Covid-19 lows, the stock has returned 300 percent.

The decision to expand into larger premises in Jaipur is a testament to the company’s outstanding success in the previous year and continuous progress in the current fiscal year, according to an exchange filing.

• “This expansion is consistent with Star HFL’s strategic plans to capitalise on the enormous potential of Rajasthan’s rural housing finance sector.”

Star HFL, headquartered in Mumbai, has been designated as a principle lending institution (PLI) under the Pradhan Mantri Awas Yojana (PMAY). Star HFL is a rural-focused housing financing firm that operates in rural and semi-urban areas to assist first-time EWS/LIG house buyers with the acquisition or construction of low-cost housing units.

CONCLUSION

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Cyient DLM is selling its shares at a price range of Rs 250-265 per share, with a lot size of 56 equity shares. The sale will end on Friday, June 30.

Investors bid for 5,88,34,048 equity shares, or 4.41 times, according to BSE statistics, compared to the 1,33,32,297 equity shares offered for subscription by 12 noon on Wednesday, June 28, 2023 (Day 2).

• Cyient DLM’s Rs 592 crore initial public offering (IPO) continued to witness significant interest from investors on the second day of the bidding process.

• The allocation for individual investors was filled 15.91 times, while the allocation for non-institutional bidders was filled 6.20 times.

• Only 4% of the allocations were reserved for qualified institutional bidders, while 62% were reserved for employees.

• The issue was completed in a little more than three hours on day one, with an overall subscription of 2.65 times.

“Over the FY 21-23 period, Cyient DLM’s revenue growth lags peers at 15% CAGR, but its strong order book provides decent visibility of accelerated growth in the future.”

With Cyient’s solid parentage and a long history of industry competence, an experienced Board and senior management team, and a subscribe tag, the firm is well prepared to cater to possibilities in the sector,” stated Hem Securities.

CONCLUSION

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Select equities, according to experts, could be purchased on dips, but there are better possibilities, such as manufacturing, capex-led enterprises, and banking.

Despite the current recession in the United States and Europe, the country’s information technology (IT) majors have lagged the benchmark equity indices over the last two years. According to data, four companies in the Nifty IT have drained investors’ wealth since June 2021.

Wipro was the index’s biggest loss, falling 30.11 percent. The company’s shares fell to Rs 382.60 on June 27, 2023, from Rs 547.40 on June 28, 2021.

• During that time, the NSE IT index fell by 0.92 percent, while the NSE Nifty index increased by 19 percent.

• The index’s other notable losers were Infosys (down 18.62%), Mphasis (down 10.25%), and Tata Consultancy Services (down 4.18%).

• “In the last 12-15 months, earnings estimates for Indian IT companies have been reduced, and premium valuations have normalised to long-term average valuation multiples.”

• However, given to global concerns and further downward revisions in consensus profit projections, the underperformance could persist in the near future,” Dua noted.

On the other hand, Persistent Systems shares surged the most in the Nifty IT index. The stock rose 81% to Rs 4,891.90 a share on June 27, 2023, from Rs 2,702.25 on June 28, 2021.

“IT is looking reasonable; however, mid-cap IT is looking even better,” said Sandeep Raina, Head of Research at Nuvama Professional Clients Group. However, one must recognise that there are better possibilities, such as manufacturing, capex-led enterprises, and banking.”

CONCLUSION

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YES Bank share price: The 14-day relative strength index (RSI) for the stock was 48.85. A value less than 30 is considered oversold, while a value more than 70 is considered overbought. The stock of the corporation has a price-to-equity (P/E) ratio of 64.33. It has a price-to-book ratio (P/B) of 1.13.

YES Bank Ltd shares have increased by about 25% in the last year. Nonetheless, the stock has dropped approximately 26% year to date (YTD). It was last seen selling 0.06 percent higher today at Rs 16.06.

• At this price, it was 35.11 percent lower than its one-year high of Rs 24.75, which was reached on December 14, last year. Nonetheless, it has risen 27.87% since its 52-week low of Rs 27.86 on July 1, 2022.

• According to the technical setup, analysts believe the stock is ‘bearish’. The counter could find support at Rs 15.70, followed by Rs 15, Rs 14.50, and Rs 14.

In terms of levels, the stock is likely to find immediate opposition from the 200-SMA (Simple Moving Average), which is located around the Rs 17-odd zone, followed by a negative gap of Rs 18.60-19.65 in the same period.

• In the short term, a daily close above this resistance could lead to a goal of Rs 19.80. The support level will be Rs 15.70.”

• investors should take advantage of this opportunity to liquidate the stock because there could be another correction in the coming weeks, pushing the counter much lower to Rs 15 levels.”

• “YES Bank is trading at an important level of Rs 16 and right now it’s looking bearish,” stated VLA Ambala, Research Analyst at Stock Market Today.

CONCLUSION

Furthermore, rating agency Moody’s maintained its ratings on four of YES Bank’s instruments while granting the private lender a’stable’ credit outlook. Moody’s reaffirmed YES Bank’s long-term foreign currency issuer rating of Ba3, long-term (local and foreign currency) deposit rating of Ba3, baseline credit assessment (BCA) and adjusted BCA at b1, and senior unsecured (Foreign Currency) medium-term note programme rating of (P)Ba3.

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HCC increased 5.04 percent to Rs 20.85. HCC had the second-highest volume on the NSE, with 12,71,64,592 shares traded. So far, HCC shares worth Rs 266 crore have changed hands.

Adani Enterprises and Mazagaon Dock Builders gained after significant turnover on NSe, according to statistics.

RTN Power rose 18.09 percent to Rs 5.55 on the penny stock exchange, as 19,42,88,288 RTN Power shares worth Rs 103 crore changed hands. RattanIndia Power obtained a loan of Rs 1,114 crore in a transaction sponsored by Kotak Mahindra Bank, lifting the stock.

The thermal power company had previously concluded a resolution with former lenders for the 1,350 MW Amravati Thermal Power Plant in December 2019, in which the loans from Indian banks and financial institutions were taken over by international financial institutions including Goldman Sachs and Varde Partners through Aditya Birla ARC, with both sets of lenders (outgoing and incoming) receiving a 15 percent equity stake each.

Sulzon Energy (6,33,56,515 shares traded) and Vodafone Idea (5,83,61,123 shares traded) were trading slightly higher. Reliance Power rose 3.39 percent to Rs 14.25 on strong volume. SJVN rose 6.60 percent to Rs 42, with 3,77,55,634 shares changing hands.

On the other hand, shares of Adani Enterprises, Reliance Industries, Shree Cement, and ICICI Securities showed massive turnover on the NSE. Adani Enterprises topped the turnover table on the NSE, with a transaction of Rs 1,488 crore. Reliance Industries reported a revenue of Rs 961 crore.

Shree Cement shares plummeted after it was revealed that an income tax (I-T) evasion totaling Rs 23,000 crore was discovered during investigations at different business locations. Last week, the I-T department conducted a survey activity at five of the company’s facilities in Rajasthan.

Adani Enterprises increased by 2.8%, while Reliance Industries fell by 0.8%. Shree Cement’s revenue was Rs 777 crore.

• “We have learned that in connection with the above survey, a lot of negative information about the company and its officials is circulating in certain sections of the media.”

• We’d like to make it clear that the survey is still ongoing. The company’s complete management team is available and willing to work with the officials.

Otherwise, any material circulating in the media is inaccurate and was published without getting prior feedback from the company,” Shree Cement stated.

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If you are not from a financial, commerce, or business background, or if you do not come from a family of stock market lovers, you are unlikely to understand stock market jargon or even commonly used phrases such as dividends, market cap, and so on.

if you are new to the world of investing, you may not be aware of the top YouTube channels to learn about the Indian stock market.

15 Best Youtube Channels to Learn Indian Stock Market

• https://youtu.be/p0iSfyOqrx4 FinnovationZ 320 videos +41 million views 1.56M subscribers.
• https://youtu.be/3UF0ymVdYLA Pranjal Kamra 451 videos +398 million views 5.29M subscribers
• https://youtu.be/0LISFi82OF4 Elearn Markets 1.2k videos 72Lkh views 917k subscribers
• https://youtu.be/_0TTN04vtS8 Trade Brains 456 videos 4million views 71.9k subscribers
• https://youtu.be/_SnyMC5S8qg Sunil Miglani 660 videos 130million views 1.37M subscribers
• https://youtu.be/sCNd0uzRNmI Nitin Bhatia 1.5k videos 79million views 1M subscribers
• https://youtu.be/VX0uRH7E3cY Yadnya Investment Academy 1.3k videos 48million views 739k subscribers
• https://youtu.be/wg7IveLHrtU Ghanshyam Tech 2.7k videos 82million views 1.2M subscribers
• https://youtu.be/m3-ve9em4cE ProCapital.MohdFaiz 13k videos 435million views 1.36M subscribers
• https://youtu.be/2USGSuPe8SQ Asset Yogi 627 videos 226million views 3.65M subscribers
• https://youtu.be/Xn7KWR9EOGQ CA Rachana Phadke Ranade 1k videos 241million views 4.44M subscribers
• https://youtu.be/Em1ORzZc4rM Trading Chanakya 1.1k videos 38million views 430k subscribers
• https://youtu.be/LY64PRGz-eI B Wealthy 444 videos 28million views 506k subscribers
• https://youtu.be/NV57zzRkRbg Groww 2.1k videos 162million views 1.98M subscribers
• https://youtu.be/0igedWz9xD0 Siddharth Bhanushali 178 videos 45million views 1.03M subscribers
• https://youtu.be/19TT0OMpb-o PR Sundar (Bonus) 1.7k videos 172million views 1.08M subscribers

Who is the best YouTuber for the stock market?

Pranjal Kamra from finology and CA are the top YouTubers for the stock market and their YouTube channel. Rachana Ranade from Convey (Finnovationz), Prasad Lendwe from Trade Brains, Vivej Bajaj from Stockedge, and others.

Which channel is best for the stock market?

Convey (previously Finnovationz), Elearn Markets, Trade Brains, Trading Chanakya, Finology, CA Rachana Ranade, and others are some of the greatest YouTube channels to learn about the Indian stock market.

Is there a channel for the stock market?

Although the majority of these channels are managed by financial influencers, numerous financial professionals and SEBI-registered research advisors also have their own YouTube channels.

Sunil Miglani, Nitin Bhatia, Parimal Ade, ProCapital Mohd Faiz, Trade Brains, FinnovationZ, Pranjal Kamra, Elearn Markets, and Trading Chanakya are a few among them.

What channel talks about stocks?

Convey by FinnovationZ, Pranjal Kamra, Elearn Markets, Trade Brains, Sunil Miglani, Nitin Bhatia, Yadnya Investment Academy, Ghanshyam Tech, Asset Yogi, and CA Trading Chanakya, B Wealthy, Groww, Siddharth Bhanushali, and PR Sundar Rachana Phadke Ranade

Which YouTube channel is best for technical analysis?

Elearn Markets, Ghanshyam Tech, Sunil Miglani, Nitin Bhatia, and ProCapital are the greatest YouTube channels for technical analysis.Trading Chanakya and MohdFaiz.

CONCLUSION

Depending on your preferences and knowledge, you should watch stock market videos on YouTube to learn about the stock market. For beginners, it is advisable to look up basic stock market ideas such as indexes, stock types, stock portfolios, and so on. For more advanced topics, you can watch fundamental and technical stock evaluations or enrol in stock market-related courses. Want to learn Stock Market trading and Investing? Make sure to check out exclusive Stock Market courses by FinGrad, the learning initiative by Trade Brains. You can enroll in FREE courses and webinars available on FinGrad today and get ahead in your trading career. Join now!!

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