News for Safari Industries (India) Limited (SAFARI.NS)

Benchmarks pared initial losses after starting lower on Monday following new allegations by US-based short-seller Hindenburg Research

Shares of BLS International Services and other top tourism stocks have seen remarkable growth post-lockdown, with returns ranging from 1,222% to 4,721%. The newly launched Nifty Tourism index tracks 17 constituents, offering investors a diversified approach to the booming tourism sector.

NSEs index services subsidiary, NSE Indices has launched a new thematic index called Nifty India Tourism which will track the performance of stocks in Nifty 500 index representing the travel and tourism theme.

In Q3, FIIs reduced their stake in Hindustan Unilever to 13.65 percent from the previous quarter's 13.90 percent. Their stake in ITC dropped to 43.26 percent from 43.34 percent, as per the latest shareholding pattern data from exchanges

Nifty futures on the NSE International Exchange traded 17.50 points, or 0.08 per cent, lower at 22,026, hinting at a negative start for the domestic market on Monday.

Net Sales are expected to increase by 25 percent Y-o-Y (up 2.4 percent Q-o-Q) to Rs. 378.8 crore, according to Prabhudas Lilladher.

A long build-up was seen in 60 stocks, which included Zee Entertainment Enterprises, JK Cement, Vedanta, Polycab India, and IRCTC.

Top stock picks for today:

The 30-share BSE Sensex pack surged 317 points to hit a lifetime high of 69,614 while the broader NSE Nifty index moved 101 points higher to scale a fresh all-time high of 20,957.

Jai Balaji Industries shares climbed 999 per cent to close at Rs 600.10 on Friday compared with Rs 54.60 on December 30, 2022, joining the billion dollar club. This iron & steel sector company commanded a m-cap of $1.15 billion

Ashish Kacholia mastery in picking multibagger stocks is evident from the fact that 9 stocks in his portfolio of small & mid-cap stocks have given gains in excess of 100% in FY 2023-24. 3 have…

Promoter entity QSR Asia was the seller in Restaurant Brands Asia, offloading 12.54 crore shares, equivalent to 25.36 percent of paid-up equity.

Stocks to watch: Check out the companies making headlines before the opening bell, on September 6, 2023.

Based on the OI percentage, 56 stocks were on the short-covering list. These included Balkrishna Industries, Divis Laboratories, Dabur India, Nestle India, and Britannia Industries.

Stocks to Watch on Tuesday: Multiplex firm PVR Inox Ltd, on Monday, reported a widening in consolidated net loss at Rs 333 crore for Q4FY23

"A sustainable move above 18,150-18,200 levels is likely to pull Nifty towards the next overhead resistance of 18,500 levels in the near term," said Nagaraj Shetti, Technical Research Analyst at HDFC Securities.

Based on the open interest future percentage, total 89 stocks saw long unwinding on Thursday including Polycab India, Nifty Financial, ONGC, Bank Nifty, and Bharat Forge.

Based on the open interest future percentage, there were 97 stocks including City Union Bank, IndiaMART InterMESH, Syngene International, Navin Fluorine International, and Atul, in which long unwinding was seen.

Based on the open interest future percentage, there were 111 stocks including Nifty Financial, Bharat Forge, Can Fin Homes, IndiaMART InterMESH, and Bank Nifty, in which long unwinding was seen.