Capital Aim Stock Tips

Kotak Mahindra Bank falls over 4% on block deals; ING may have sold stake K otak Mahindra Bank shares fell over 4 percent in morning trade as 8.3 crore shares worth Rs 10,307 crore traded on both indices. "5.87 crore shares (3% stake) equity trade in multiple blocks. ING may have sold stake in Kotak Mahindra Bank via block deal," said CNBC-TV18. There were media reports which suggested that ING Mauritius Investments is likely to sell 1.2 percent in Kotak Mahindra Bank (KMB) via block deal at ~3-5 percent discount. ING Group may sell 23 lakh shares, or 1.20 percent equity, at the price of Rs 1,125-1,250 per share, said multiple media reports. On February 21, the Kotak Mahindra stock closed marginally lower at Rs 1,288.90 on the BSE. ING Group merged its banking unit, ING Vysya Bank, with Kotak Mahindra Bank in November 2014. After the deal, the former held 6.5 percent stake in the merged entity, but offloaded some its stake later. At 10:00 hr...

16 Nifty companies beat the Street in Q3; should you buy, sell or hold India Inc's December quarter results witnessed headwinds given the tight   situation, currency volatility, slowdown in government spending ahead of elections and global trade issues. Out of the 50 Nifty companies, 16 (32%) reported numbers above expectations, 15 companies' (30%) results were in-line with expectations, 10 (20%) reported mixed set of numbers and 9 companies (18%) were below estimates, Centrum Wealth Research said in a report. The earnings growth of corporates during Q3FY19 faced headwinds given macro challenges (such as weak rupee, elevated crude oil prices and higher bond yields) and micro challenges (given the delay in order finalisation owing to upcoming elections, weak consumer sentiment and tight liquidity). Given the current market scenario, the earnings reported by companies suggest a gradual recovery setting in, said the report. But, sustenance of the same...

Shares of Tata Steel gained 1.2 percent in the early trade on Thursday after Moody’s Investors Service has upgraded its rating by one notch. Moody’s Investors Service has upgraded Tata Steel's long term corporate family rating (CFR) by one notch to Ba2 from Ba3. “The upgrade of Tata Steel’s CFR reflects the sustained improvement in the company’s credit profile, stemming principally from strong operating efficiencies and vertical integration, as well as stable demand and price conditions in its major market,” says Kaustubh Chaubal, a Moody’s Vice President and Senior Credit Officer. Meanwhile, Moody’s has kept the company’s outlook as stable. The stable outlook reflects Moody’s expectation that Tata Steel’s strong operating performance will translate into a sustained improvement in credit metrics.

The current trend is likely to remain bearish for the index with some stock specific action and volatility on cards. Bulls seem to be losing control and bears are taking charge over the markets as once again Nifty indices not just slipped below its 200-days exponential moving average but also slipped below 10,600 mark on an intraday basis this week on the back of selling in heavyweights like TCS, Infosys & HDFC twins. From the derivative front, call writing was observed at 10,800 and 10,900 strikes along with put unwinding at 10,700 and 10,800 strikes.

Securities in ban period under the F&O segment include companies in which the security has crossed 95 percent of the market-wide position limit. CG Power & Industrial Solutions shares rallied 7 percent and Jain Irrigation Systems gained 1.5 percent in morning on Wednesday after the National Stock Exchange removed from its F&O ban list.  Securities in ban period under the F&O segment include companies in which the security has crossed 95 percent of the market-wide position limit.   "All clients/members trade in the derivative contracts of said securities only to decrease their positions through offsetting positions. Any increase in open positions shall attract appropriate penal and disciplinary action," NSE said in its circular.At 09:50 hours IST, CG Power was up 5.03 percent at Rs 30.25 and Jain Irrigation Systems rose 1.2 percent to Rs 55.30 on the BSE.Currently there are six stocks - Adani Enterprises, IDBI Bank, Jet Airways, PC Jewe...

Vyapar Industries | Maharashtra Seamless | Jaypee Infratech | JK Tyre | Valecha Engineering and Bajaj Healthcare are stocks which are in the news today. Here are stocks that are in the news today: Results on February 20 : Mahindra CIE Automotive, Mayur Leather Products, Metalyst Forgings, Rollatainers, Sang Froid Labs (India) Essel Propack : Company further received Rs 40 crore towards repayment of outstanding dues of Inter corporate deposit. It has already received Rs 25.30 crore in last month. The balance amount is expected to be received by March 2019. Duke Offshore : The company received a prestigious contract from Daewoo - Tata projects Limited JV to provide one initial high speed vessel to support construction for the Mumbei Trans Harbour Link project.