Eternal, parent of Zomato and Blinkit, saw shares jump despite a profit dip. Revenue grew strongly, fueled by quick commerce. Blinkit's performance is notable. Brokerages maintain 'Buy' ratings. Motilal Oswal raised the target price to Rs 330. Elara increased its target to Rs 340. Nuvama set its target at Rs 320.
Nilesh Shah from Envision Capital suggests that young India offers significant investment opportunities, particularly in digital platforms, premium consumer goods, nutraceuticals, and infrastructure. He advises investors to study successful market strategies from other countries and focus on long-term, capital-efficient growth. When investing in mid and smallcaps, prioritize governance, a strong balance sheet, and a viable business model to mitigate risk.
Several companies, including Pidilite Industries, Aditya Birla Sun Life AMC, and Novartis India, are set to distribute dividends, with July 23 being the record date. Today is the last day to purchase shares to qualify for these payouts. Investors buying shares from tomorrow will miss out.
In the Nifty500 pack, nine stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on July 21, according to stockedge.com's technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend. Take a look:
GNG Electronics, India's largest refurbisher of laptops and desktops, plans to raise 400 crore through a fresh issue and 60 crore through an offer for sale. The company's revenue and net profit have more than doubled in the last two fiscal years, driven by strong growth in overseas markets.
