Raghuveer Jandhyala

Editor, Tax Concept. I have written on market, finance, management, and technology.

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Markets ended 2021 on a positive note. All indices closed in green. Nifty above 17,350

Indian benchmark indices ended 2021 on a positive note. Sensex added 460 points to close at 58,253.82 points.  Nifty ended at 17,354.00 by gaining 150 points.  All sectoral indices closed in green. Metals led the rally. Realty, Banking and Financial Services, FMCG, Consumer durables and Auto supported with more than 1% up moves. Pharma and …

Markets ended 2021 on a positive note. All indices closed in green. Nifty above 17,350 Read More »

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Tech Mahindra to buy US-based Allyis Group

IT major Tech Mahindra is to acquire 100% stake in US based IT company Allyis India Private Limited. Tech Mahindra will also acquire Allyis India’s holding company Green Investments LLC.  The IT major will pay $ 125 Million which is equivalent to Rs. 930 Cr. The IT giant said that this acquisition will  “bolster Tech …

Tech Mahindra to buy US-based Allyis Group Read More »

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Top Electric Vehicle (EV) Stocks to buy in 2022 (India)

Stocks to Invest: (December 30, 2021) Exide Industries (Batteries) CMP: Rs. 165.15 Amara Raja Batteries (Batteries) CMP: Rs. 618.80 Grindwell Norton (Silicon Carbide Manufacturer-useful in semiconductor chips) (Auto Parts) CMP: Rs. 1891.45 Carborundum Universal (Silicon Carbide Manufacturer) CMP: Rs. 939.00 Greaves Cotton (Industrial Machinery & Original Equipment Manufacturer) CMP: Rs. 137.05 Endurance Technologies (Auto Parts) CMP: …

Top Electric Vehicle (EV) Stocks to buy in 2022 (India) Read More »

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Reliance New Energy Solar Ltd. acquisitions and stake purchases

Reliance New Energy Solar Ltd. (RNESL) , a wholly owned subsidiary of Reliance Industries Ltd. has to acquire a British battery enterprise Faradion Limited. Faradion Ltd. manufactures sodium ion batteries.  For this acquisition, RNESL is going to pay 100 Million Pounds as purchase consideration to Faradion Ltd. Faradion Ltd. is one of the leading global …

Reliance New Energy Solar Ltd. acquisitions and stake purchases Read More »

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Nifty above 17,300. Metals and Realty lead. CMS Info Systems debuts.

Indian benchmark indices opened on a positive note, despite mixed global cues. Nifty trades above 17,300 level. In sectoral indices, Nifty Metal  leads the index. It is followed by Realty. Except for IT, rest of the indices are in green. Especially, Nifty Banking and Financial Services stocks are up. Right now, Hindalco is the top …

Nifty above 17,300. Metals and Realty lead. CMS Info Systems debuts. Read More »

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Pre-Market Information-Reliance New Energy to acquire 100% stake in Faradion for GBP 100 Million

Global markets have a muted start. The US markets ended in red. SGX Nifty is also in red. But the gap down is milder one. There are several stocks in focus. Reliance Industries’s Subsidiary Reliance New Energy Solar is to acquire. Faradion for 100 Million pounds. In another development, Sterling and Wilson Renewable Energy approved …

Pre-Market Information-Reliance New Energy to acquire 100% stake in Faradion for GBP 100 Million Read More »

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JSW Group launches India’s first-ever EV policy for its employees JSW Green Gear

JSW group launches an EV policy for its employees. It becomes the first Indian corporate house to do so. It named the policy “Green Gear”. Under this policy, every employee who purchased an electric vehicle will be given an incentive of up to Rs.3 lakh.  Moreover, it will provide free charging points and parking slots …

JSW Group launches India’s first-ever EV policy for its employees JSW Green Gear Read More »

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Nifty ends December Series at 17,204. Nifty IT up 1%. Metals, Realty and Oil & Gas drags the Index. Reliance down 1.8%. RBL Bank down 9%

Indian benchmark indices ended flat today. Sensex lost 12 points to close at 57,794.32. Nifty 50 lost 9.60 points to end at 17,204.00. December F&O series ended today.  Nifty IT contributed positively for the index. However, Metals, Realty and Oil & Gas dragged the index in the opposite direction. Pharma and Healthcare stocks did well …

Nifty ends December Series at 17,204. Nifty IT up 1%. Metals, Realty and Oil & Gas drags the Index. Reliance down 1.8%. RBL Bank down 9% Read More »

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RBL Bank has written off Rs. 300 Cr loan within 7 months of being sanctioned. RBL Bank down by 8%

As per reports, RBL bank has written off a loan of Rs. 300 Crore within 7 months from the sanction of the loan. This seems to be a major reason for the sudden intervention of RBI.  RBI has appointed its person on the board of the lender as an additional director. The stock tumbled by …

RBL Bank has written off Rs. 300 Cr loan within 7 months of being sanctioned. RBL Bank down by 8% Read More »

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Wipro and Tata Consumer among top gainers on Nifty. Markets opened up flat. Nifty above 17250

Indian benchmark indices opened flat. Nifty is above 17240 right now. Global cues are mixed. Nifty IT is leading. Wipro and Tata Consumer are among the top gainers. Yesterday’s gainer Bajaj Auto is correcting. The auto sector is witnessing a selling trend.  Along with the auto, oil and gas, PSU banks, Realty, and Banking sectors …

Wipro and Tata Consumer among top gainers on Nifty. Markets opened up flat. Nifty above 17250 Read More »

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Pre-market data for today – Indiabulls Housing Finance, Vodafone Idea, and RBL bank are under the F&O ban. December 30, 2021

The US markets rallied. However, futures trading is in the red.  Asian markets are showing mixed cues. Yesterday, FIIs were selling again. Except for this Tuesday, they have been on a selling spree for a while.  Today is the monthly expiry day hence volatility may be a little bit higher than yesterday.  Indiabulls Housing Finance, …

Pre-market data for today – Indiabulls Housing Finance, Vodafone Idea, and RBL bank are under the F&O ban. December 30, 2021 Read More »

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Nifty Closes below 17,220. Sensex down by 90 points. Metals, Media and PSU Banks drags. Pharma and Healthcare shines.

Indian benchmark indices ended lower during a choppy session. Sensex closes at 57,806.49 points, by losing 90.99 points. Nifty ends at 17,213.6, by losing 19.70 points. Today is the penultimate day of both monthly and annual expiry. Selling pressure prevailed in most of the sectors like metals, banks, media, energy and power. However, buying has …

Nifty Closes below 17,220. Sensex down by 90 points. Metals, Media and PSU Banks drags. Pharma and Healthcare shines. Read More »

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Nifty is above 17,240. Pharma leads Nifty. Dr.Reddy’s is up 1.5%

Indian benchmark indices opened positively despite weak cues from Asian markets. Nifty is above 17,240. Nifty Pharma is leading along with Nifty Healthcare. Dr.Reddy’s is up by 1.5%. It is followed by Divi’s and Cipla. The rising Omicron cases are causing concerns. That has been reflected in today’s trade pattern. Today is the penultimate day …

Nifty is above 17,240. Pharma leads Nifty. Dr.Reddy’s is up 1.5% Read More »

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Nifty closes above 17,200. Sensex added 477 points. Nifty Auto Gains. Asian Paints and Sun Pharma up by 3%

Benchmark Indices closed in green. Sensex added 477 points to close at 57,897.48 points. Nifty added 147 points to end at 17,233.30 points. In sectoral indices, Nifty Auto and Nifty Consumer Durables did well. All of the sectoral indices were in green. Asian Paints and Sun Pharma were up by around 3%. Chemical stocks like …

Nifty closes above 17,200. Sensex added 477 points. Nifty Auto Gains. Asian Paints and Sun Pharma up by 3% Read More »

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Nifty above 17170. Supriya Lifesciences made a grand debut. RBL Bank recovered

Indian benchmark indices trading higher amid positive global cues. Nifty 50 is trading above 17,170 levels right now. All of the sectoral indices are in green. Nifty Media, Nifty Realty and Nifty Consumer Durables are outperforming other indices. Supriya Lifesciences Ltd. made a grand debut. It listed with gains. Its gains are near to Grey …

Nifty above 17170. Supriya Lifesciences made a grand debut. RBL Bank recovered Read More »

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TC Markets: A Week of Correction – Weekly Report Oct.15 – Oct.22

After scaling lifetime highs, benchmark indices saw a correction. Nifty 50 was at 18,477.00 on Monday evening. But it started correcting during the week. On Friday it stood at 18,114.90. It was at 18,338.50 on last Thursday evening. It means Nifty 50 has corrected by nearly 224 points this week. Sensex had the similar fate. …

TC Markets: A Week of Correction – Weekly Report Oct.15 – Oct.22 Read More »

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TC Markets: IRCTC big fall (18%) – What should an investor do- Buy or sell or hold?

Lately, benchmark indices have been in red for a couple of days. Some of the stocks which have been on a bull run are seeing heavy selloff. Indian Railway Catering and Tourism Corporation i.e., IRCTC is one of them. The stock has been correcting as there is no tomorrow. What is the reason? Is it …

TC Markets: IRCTC big fall (18%) – What should an investor do- Buy or sell or hold? Read More »