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The last five quarters have been the most difficult phase ever for SpiceJet as aviation remained the worst‐hit sector during the second wave as well.
Book profits in Exxaro Tiles as the peers like Somany Ceramics and Kajaria Ceramics may outperform the company in the long run.
Investors who had invested their savings can hold for short to medium term but those who have borrowed the funds are advised to close their positions.
It would be wise to book some profit at least 50% of the shares allotted and hold the remaining shares for the long-term.
Tata Group stocks: Analysts believe the company's focus on debt reduction and improvement in margin were the key drivers
Sectoral rotation is clearly taking place. Today it is the energy and FMCG index pushing markets higher.
Mutual fund news: Mutual funds were net buyers in 68% or 34 Nifty stocks and reduced holding in 32% (16 stocks) in July
The company has also outlaid a capital expenditure of Rs 3,000 crore for its European operations as its focus is to make the business “stronger”.
Majority of brokerages had assigned a subscribe rating to the issue
The survey also found that 40.2% of Indian youth were willing to invest more now as compared to the pre-pandemic times.