ALERT :: Chandrababu Naidu says, TDP ‘firmly with NDA’
>> PM Modi, and Home Minister Amit Shah played a part in TDP’s victory in Andhra Pradesh
>> Coalition with NDA will address joblessness in AP
Brokerage View: Risk-reward unfavorable for ‘narrative’ stocks, even after correction
“We have struggled with the implied growth and profitability assumptions embedded in the market cap. of several ‘narrative’ stocks (capital goods, electric utilities and PSUs). We find the risk-reward unfavorable for these companies, notwithstanding the sharp decline in stock prices on election day. Most of these ‘narrative’ stocks have risen sharply over the past 12-15 months. They offer a large downside to their fundamental fair values and trade at rich-to-bubble valuations,” analysts wrote in the report.
This dairy products stock has zoomed 34% in 3 days on TDP’s landslide win
In the past three trading sessions, the stock of dairy products company has surged 34 per cent following the news that Chandrababu Naidu was set to become Andhra Pradesh Chief Minister for fourth term after Telugu Desam Party’s (TDP’s) landslide victory. In the past one month, the stock has zoomed 63 per cent. Read more
BEML, Exide, Prestige: 5 mid-, small-cap stocks with over 15% downside risk
On Tuesday, June 04, as the key benchmark indices tumbled around 6 per cent, the broader indices – the Nifty MidCap and SmallCap – took a sharper knock and were down up to 8 per cent amid the surprise election outcome sell-off.
Amid the sell-off several mid- and small-cap stocks tanked around 20 per cent, and select stocks have indicated a weaker bias going ahead. Read more
Rupee to rely on RBI’s help amid foreign outflows post PM Modi’s narrow win
The Indian rupee will rely on the central bank stepping in to defend the currency on Wednesday, amid likely foreign portfolio outflows following the unexpected outcome of the country’s general election.
