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Stocktwits sent this email to their subscribers on March 7, 2024.

Markets gain for a 4th straight week, FMCG stocks look attractive, smallcap hidden gem that may DOUBLE in 2 years, weekly charts and much more  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

March 07, 2024   |   Read Online

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March 07, 2024   |   Read Online PRESENTED BY §Stocktwits fb tw in email TALE OF THE TAPE  Hola amigos! Nifty and Sensex ended flat after hitting new highs in an otherwise boring range-bound session. Midcaps (+0.2%) did a little better, while Smallcaps (+0.8%) had a strong day. The advance-decline ratio was in favour of the bulls (3:2). It was an even mix of red and green across sectors. Metals (+1.4%) and FMCG (+1%) saw strong buying. Meanwhile, Oil & Gas (-1.2%) and Auto (-0.3%) witnessed some selling pressure. It may be time to take a contrarian bet on FMCG stocks. More details below from DSP Netra. Will Religare Enterprises bounce back and see a solid 2024? Read our top story below. Mahindra & Mahindra (-4%) was the top Nifty loser after 1.1 cr shares, or a 0.9% stake, changed hands in a block deal; reports say promoters may be the likely seller. Tata Group stocks were on fire today after rumours of a Tata Sons IPO. Rallis India (+13%), Tata Chemicals (+11%) hit new all-time highs. Tata Teleservices and Tata Power also saw healthy gains; +8% each.  Bharat Electronics (+2%) was in focus after brokerage UBS said it sees a +19% upside from current levels. Order wins. Hindustan Aeronautics was up 3% after an aircraft contract’s value was revised up to Rs 5,078 cr. Jupiter Wagons (+2%) gained after bagging a Rs 956 cr order from the Railway Ministry. NLC India (-3%) fell after the GOI said it plans to sell an up to 7% stake in the firm. Mukka Proteins had a bumper market debut, closing at R 42 p/sh; +63% over its issue price. Here are the closing prints:  Nifty 22,494 +0.1%  Sensex 74,119 +0.1% Bank Nifty 47,836 -0.3% STOCKTWITS ALERT 🚨🚨🚨 P.S. Over the next month, we’ll be transitioning our newsletter platform to Beehiiv. To help ensure our emails keep making it to your inbox, please whitelist [email protected] MARKET LOAD UP ON FMCG STOCKS? FT. DSP NETRA Is it time to make a contrarian bet on FMCG stocks? It might sound a little nuts because, yes, the Nifty FMCG index is down -0.5% over the last 3 months. Rural sales are still gloomy and local rivals are hurting bigger listed firms. Lastly, food inflation hit 9.5% in Dec 202. Yikes! Having said that, this may just be the best time to get in, according to DSP Netra’s latest report. 💯 Historically, the FMCG sector has mirrored the performance of India’s agricultural commodities. Put simply: when agri & and other commodity prices rise, FMCG does badly. And when prices fall, FMCG does well! There’s twenty years of data to back this up. It’s not rocket science, and there are other factors at play too. But post-Covid, it’s safe to say the FMCG sector has been hurt by a volume drop caused by higher agri inflation. 📊 What’s popping? Well, the S&P GS Agriculture index hit its LOWEST level in the last 2 years recently. But FMCG volumes haven’t started rising just yet, which indicates a potential opportunity. FYI - the Nifty FMCG index is also now trading at levels seen back in 2019, 2015 and 2012 (just before a break-out). 📈 Nobody can predict the future, but when the market is overheated, it’s good to take a look at what's undervalued. 🥇 As DSP Netra notes: “This could be an opportune time to go overweight on this sector, especially from a defensive allocation standpoint. The divergence in agri commodity index and relative performance of the FMCG sector over the broader market indicates an opportunity in this sector.” 😎 For more details, check out the full report here: Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. SPECIALS 4 STOCKS TO BUY IN MARCH - BY SEBI RAS Markets are at their all-time highs but is it a good time to invest now? In this video, we cover 4 investment ideas by SEBI RAs which can deliver healthy returns even from current levels. Watch Now STOCK HIDDEN GEM  Is Religare Enterprises set for a rerating? The stock has more than DOUBLED between 2022 and 2023. But in the last six months, it’s down -1%, underperforming the Nifty Smallcap 100 Index. 👎 For the unaware, Religare is an investment & financial services holding firm for a bunch of different business verticals. These include lending, health insurance and retail broking. There are a bunch of positive triggers for each business. ✅ For starters, SBI recently revoked the ‘fraud’ status that had been slapped on Religare Finvest (RFL), an NBFC that focuses on small businesses. ICYMI - RFL went through some dark times. It bled money and was placed under the RBI’s corrective action plan (CAP). But now, it will be exiting the CAP shortly and starting fresh business from FY25! 🚀 With Religare Finvest set for growth, its housing development subsidiary can also start a path to recovery. FYI - RFL is expected to issue a fresh Rs 100 cr credit line to the housing biz. This can be leveraged to a Rs 500 cr loan book and hopefully start generating fresh capital on its own. 🔥 Secondly, Religare is looking to boost its broking biz by setting up a new digital platform + making key acquisitions to boost its client base. 💰 Finally, the core cash cow, the health insurance biz, has been KILLING it. It’s generating strong cash flows led by a surge in policies. It is also looking to push the cross-selling of personal accident & travel health insurance which should boost the biz minus any extra expenses. 💪 Big Picture: Each piece of the Religare family looks set for good growth. But nothing on Religare is complete without mentioning the massive ownership overhang. ICYMI - the Burman family has been trying to take over the company and is in a face-off with current chairperson Rashmi Saluja. We won’t get into that tussle, but it needs to be resolved if things are going to get better. FYI - brokerage Ventura has a new 2-year target price of Rs 532 p/sh; a MASSIVE +139% potential upside from current levels. 🤑 CHARTS MOVERS AND SHAKERS   Here’s a look at this week’s top NSE500 movers. Tata Chemicals took the pole position after rallying +35% 🥇Tata Investment (+22%) was locked in a 5% upper circuit for all four days of the week. IIFL Finance crashed -32% after the RBI banned the company from issuing fresh gold loans. Rainbow Children's Medicare slipped -13% amidst a broader rout in hospital stocks. 📉 Check out their charts below: Home > Symbol > TATACHEM.NSE TATACHEM.NSE A 8,618 + Watch @ Alerts Tata Chemicals Ltd. Market Cap 300.22B l 1 l P § ST Data @ > 3 0 0 Volume (M) 47.82M 2 : 52-Wk High 1,202.85 Watchers 8618 1 128.85(10.90%) Today s e New Watcher Rank #4 52-Wk Low 921.65 About Feed News Sentiment Fundamentals Sentiment R Message Volume & Compact View A 1,200.00 1,100.00 1,000.00 900.00 800.00 29 3/1 3/2 3/5 3/6 3 W h 1D W 1M 3M 6M 1Y AL Home > Symbol > IIFL.NSE IIFL.NSE A 128 + Watch Q@ Alerts IIFL Finance Ltd. Market Ca 145.8B P S sTpata ® > 4 1 8 . 05 Volume (M) 16.33M Watchers 128 52WkHigh 703.40 1 35.85(9.38%) Today e New WatcherRank ~ #27 52Wklow 382.20 About Feed News Sentiment Fundamentals Sentiment R Message Volume & Compact View A 600.00 500.00 300.00 /29 3/1 3/2 3/5 Woh 1D W 1M 3M 6M 1Y AL Home > Symbol > RAINBOW.NSE RAINBOW.NSE 2 66 + Watch Q@ Alerts Rainbow Children" s Medicare Ltd. Market Ca 113.88B P S sTpata ® > l 9 13 0 . 00 Volume (M) 280,893.00 Watchers 66 52WkHigh — 1,487.65 1 11.00 (0.98%) Today e New Watcher Rank ~ #137 52-Wk Low 697.00 About Feed News Sentiment Fundamentals SentimentN/A Message VolumeN/A CompactView A 1,400.00 1,300.00 1,200.00 e 1,000.00 29 3/1 3/2 3/5 3/6 3/7 Woh 1D W 1M 3M 6M 1Y AL LINKS THAT DON’T SUCK 💯 4 Stocks to Buy in March 2024 | 2024 Top Picks by SEBI RAs | Tata Power Latest News | RBL Bank News  💬 Stocktwits is hosting a free AMA with Orchid Research. Click to Ask   👀 Apple Looks Most Oversold in Years After $200 Billion Selloff  🏏 Devdutt Padikkal gets Test cap from Ashwin, replaces Rajat Patidar in India XI for 5th Test vs England  👶 Gal Gadot Welcomes Fourth Daughter Ori, Reveals ‘The Pregnancy Was Not Easy…’ GET IN TOUCH Have feedback on The Daily Rip India? Let me know using the poll below or email me (Yash Upadhyaya) at [email protected]! HOW DID YOU LIKE TODAY'S NEWSLETTER? Nailed it 👏 Pretty Good 👍 Didn't like it 👎 Want to sponsor this newsletter and reach hundreds of thousands of passionate investors and traders? Reach us here. Disclaimer: Content, news, research, tools, and securities symbols are for educational and illustrative purposes only and do not imply a recommendation or solicitation to buy or sell a particular security or to engage in any particular investment strategy. Read the full terms & conditions here. fbtwigytin Update your email preferences or unsubscribe here © 2024 The Daily Rip India Presented by Stocktwits. 228 Park Ave S Suite #56681 New York, New York 10003-1502, United States of America
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