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Nifty 50 gained 1.63% in the week which was majorly supported by the Adani twins and FMCG stocks. The Adani Group remained in focus for the entire week as Supreme court gave the stock a clean chit. The FMCG Index crossed it’s all time high, we also cover the margins of leading FMCG players in this week's Samshots. Jio Continues to outperform its telecom peers in March. On the Macro Economic front, India reported its highest ever monthly GST collections in April.
Scroll down to understand more of such market news and perspectives for the week gone by in easily understandable charts.
Adani Group stocks in focus after the Supreme Court’s decision of no irregularities in the conglomerate.
The below data indicates the net subscribers added or lost for Reliance Jio, Bharti Airtel and Vodafone Idea during March 2023.
The below chart compares the financial and operating performance of India’s top 3 leading air conditioner dealers.
The below chart unveils the financial performance of Zee Entertainment Enterprises Ltd. during Q4FY23.
Titagarh Rail Systems delivered exceptional Q4FY23 results, with each of the three – Revenue, EBITDA and PAT growing by 100% or more.
The below chart indicates deliverable volume witnessing a surge in VRL Logistics and ElgiEquipments Ltd. compared to the average deliverable volume.
Over the past few months, Nifty50’s futures have been trading at a significant premium and the same can be seen in Nifty’s June expiry futures.
Balkrishna Industries gave a trendline breakout on 23rd May. A close above 2400 is likely to be positive for the stock.
1250 will be a key level to watch in INDUSINDBK. A close above it is likely to drive further uptrend.
The price of ASHOKLEY failed to break its previous high of 156, thereby keeping its lower high formation intact on the daily chart.
Its the Season of the King of Fruits again! (Image Courtesy: India In Pixels)
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