This Stock is the ITC of Banking Sector

This Stock is the ITC of Banking Sector

Is Mahindra & Mahindra (M&M) the ITC of the auto sector? I asked this question to Equitymaster readers in November 2020. In the video, I explained the striking similarities between the best FMCG stocks in India and the evergreen automaker.  In both cases the financial numbers inspired confidence. But the market sentiments about the stocks were at […]

Trump SPAC’s Zealous Investors Are Both Blessing and Curse

Trump SPAC’s Zealous Investors Are Both Blessing and Curse

(Bloomberg) — There are 653 SPACs left in the US after the boom went bust last year. Only one of them still trades at the kind of frothy levels that was common during the height of the go-go days: Digital World Acquisition Corp. Digital World is the Miami-based company that’s planning to merge with Donald […]

Markets upbeat as FIIs cut bearish bets overnight

Markets upbeat as FIIs cut bearish bets overnight

MUMBAI : Foreign institutional investors (FIIs) have dramatically squared off their cumulative bearish bets on index futures, Nifty and Bank Nifty contracts, and turned bullish on them in the past two days, raising hope among technical and derivatives analysts that this could add more steam to the 6% rally that got under way at the […]

Multibagger stock gains 134% in 6 months, FIIs stake up 2.08% QoQ: Buy?

Multibagger stock gains 134% in 6 months, FIIs stake up 2.08% QoQ: Buy?

With a market worth of ₹3,079.72 crore, Kewal Kiran Clothing Ltd. is a small-cap business that operates in the consumer-discretionary goods and services (CDGS) sector. Kewal Kiran Clothing Limited (KKCL), one of India’s top manufacturers of branded clothing, specialises in the design, manufacture, and marketing of well-known Indian clothing brands including Killer, Easies, LawmanPg3, and […]