Several companies have announced interim dividends, special dividends, rights issues, and bonus issues for their eligible shareholders, including Fortis Malar Hospitals, Aster DM Healthcare, Vuenow Infratech, IIFL Finance, Sobhagya Merchantile, and The Anup Engineering.
Reliance share price saw a positive trend after a modest start on Tuesday, April 23, a day after the company announced its March quarter results. The stock opened at 2,958, slightly below its previous close of 2,959.70. Despite an initial dip to 2,952.50, it quickly recovered and was trading 0.35% higher at 2,969.95 around 9:25 am. Reliance’s share price has climbed about 39% over the past year, outperforming the Nifty 50 benchmark.
Indian stock markets maintained their upward momentum on Monday, extending gains for the second consecutive session. Key indices, Nifty 50 and Sensex, closed higher, while the Bank Nifty index also surged. Anand Rathi’s Ganesh Dongre expressed optimism about the market trend if the Nifty 50 holds above 21,800-21,900 support. He recommended three stocks for investment: MCX, HCL Tech, and RCF, providing buy, target, and stop loss levels for each. The overall market sentiment remains bullish, with the advance-decline ratio indicating a positive outlook for the coming days.
The widely accepted notion that small-cap stocks outperform large-cap stocks may not be as reliable as believed. Historical performance comparisons show small-cap returns have deteriorated over shorter investment horizons, and structural factors may hinder future growth potential. While small-cap investments offer growth potential and possible undervalued valuations, risks and survivorship bias should be considered. Diligent investors can still generate alpha by distinguishing between strong and underperforming companies within the small-cap sector.
Dingdong (DDL) is projected to witness improved financial health in 2024, driven by positive cash flow expectations. However, its topline growth prospects remain modest due to ongoing business restructuring. Despite buybacks and an improving cash flow outlook, a lackluster revenue growth outlook suggests limited upside potential. As such, a ‘Hold’ rating is maintained for DDL shares.
Wipro’s share price has been facing a downward trend, dropping 15% from its one-year high and underperforming compared to peers like TCS and Infosys. The release of Q4 results, which showed a decline in consolidated net profit and revenue, has raised concerns among investors and analysts. Experts believe that Wipro is facing demand uncertainties and challenges in timely deal ramp-up. Despite this, the share has shown resilience compared to its 52-week low and has rebounded by over 27%. Analysts recommend cautious optimism as Wipro navigates the current market environment.
Silver faces a severe supply deficit as solar panel demand skyrockets. Investors should consider investing in SLV, SIVR, PSLV, and physical silver due to its potential for significant gains. Analysts forecast a price target of $40 by year-end, with the possibility of reaching $50 or even higher if demand remains strong.
Blackstone-owned Crown Resorts has been deemed suitable to retain its Sydney casino licence by the New South Wales gambling regulator, the Independent Liquor and Gaming Authority (NICC). The decision comes after nearly three years of extensive remediation efforts by Crown in response to past regulatory concerns.
AGBA Group Holding Limited (NASDAQ: AGBA) has merged with Triller, an AI-fueled short form video platform. The deal values Triller at approximately $635 million. AGBA had a $43 million loss on $54 million in revenue in 2023, while Triller had a $45 million revenue in 2023. The merger is expected to close in May pending regulatory and shareholder approval. The combined company is expected to benefit from the potential ban of TikTok in the United States. However, there are risks associated with the merger, including significant dilution and the need for additional financing.
Home equity investments (HEIs) are gaining traction as a new asset class, allowing investors to access the value of homeowners’ equity. These investments offer potential returns through property appreciation and home sales or refinances, without subjecting homeowners to additional debt or monthly payments. With a large and growing home equity market, HEIs are becoming more accessible to individual investors through platforms like Nada’s Cityfunds product.
