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<ul><li>Shares of automaker JBM Auto received orders for supply of 500 electric busses from a few state governments and corporate clients.</li><li>The multibagger stock has delivered 138% returns in the last one year.</li><li>Shares of several auto component makers have rallied in the last one month.</li></ul>Shares of JBM Auto were among the top gainers on Dalal Street with share price up 17% on large orders. The Gurugram-based automaker has received orders for 500 for <keyword id="6358344" type="General" weightage="20" keywordseo="electric-buses" source="Orion">electric buses</keyword> and some compressed natural gas (CNG) buses from states including Delhi, Bengaluru and Uttar Pradesh along with other corporate clients. Majority of the orders are for electric buses. The move tells a lot about the shift towards clean energy and increasing demand for electric vehicles in the country. JBM Auto is into bus manufacturing with an aim to become a globally benchmarked producer of modern intra-city buses. Meanwhile, shares of many auto component makers and peer companies to JBM Auto have rallied in the last one month. <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Peer companies </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">% return in last one month </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Exide Industries </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">14% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Motherson Sumi Systems </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">9% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Bosch </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">10% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Sona BLW Precision Forgings </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">27% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Pricol </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">13% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">JBM Auto </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">14% </td></tr></tbody></table> Shares of the company ended up 12.74% at ₹513 as on September 23. <div type="image" title="JBM auto" height="900" width="1200" msid="86453366" hostid="261"></div> Moreover, shares of the automaker have more than doubled investors’ money in the last one year. The market capitalisation of the company stood at ₹2,454 crore. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/enterprise/news/the-success-story-of-indias-first-saas-company-to-be-listed-in-nasdaq/articleshow/86452977.cms">The success story of India’s first SaaS company to be listed in Nasdaq</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/freshworks-ipo-lists-on-us-exchange-gives-tribute-to-rajinikanth-during-the-listing-ceremony/articleshow/86452943.cms">Landmark moment for this Rajinikanth fan’s SaaS startup on listing at US exchange</a>

Multibagger stock JBM Auto spikes 17% in one trading session on large order for electric bus

<ul><li>Companies manufacturing electric buses including Ashok Leyland, JBM Auto, Olectra Greentech have gained a lot of momentum with the government’s plan towards reducing carbon emissions.</li><li>Shares of these companies have skyrocketed up to 830% in the last one year as investors spot emerging opportunities in the electric vehicle businesses.</li><li>The latest development in the EV space is a $1 billion investment in automaker Tata Motors by private equity firm TPG.</li></ul>As India moves towards its plan to reduce carbon emissions, companies that are into electric vehicle (EV) manufacturing are becoming the front runners in the zero carbon race. Even investment firms are shifting some of their funds towards companies aiding the government to tackle the climate crisis and make a smooth transition towards electric vehicles. The latest development in this regard is the <a href="https://www.businessinsider.in/business/auto/news/tata-motors-gets-a-billion-dollar-investment-from-tpg-group/articleshow/86966522.cms">$1 billion investment</a> in automaker Tata Motors by private equity firm TPG. Moreover, state governments are inviting tenders to buy electric buses for public transport facilities. This gives a strong order push to companies manufacturing electric buses like Ashok Leyland, JBM Auto, Olectra Greentech, Tata Motors and Eicher Motors. Shares of these companies have skyrocketed up to 830% in the last one year as investors spot emerging opportunities in the electric vehicle space. While India is among the world's most polluted cities, the government has been pushing automakers to switch to EVs to promote clean air and reduce costly oil imports. Recently, Maharashtra environment minister Aaditya Thackeray <a href="https://twitter.com/AUThackeray/status/1447139828936499207?ref_src=twsrc%5Etfw">announced </a>that Mumbai’s entire public transport buses will go electric by 2028. <div type="javascript" title="Custom" contenttype="Image"><cdata><![CDATA[ ]]></cdata></div> Public buses getting replaced by <keyword id="1310333" type="General" weightage="20" keywordseo="electric-bus" source="Orion">electric bus</keyword>es bring a huge opportunity for these few electric bus makers in the country. Under its EV Policy 2021, the Maharashtra government has embarked on a vision to electrify public transport in Mumbai and other cities including Pune, Nagpur, Nashik, Aurangabad and Amravati. Meanwhile, the Karnataka government is all set to acquire 1,500 electric buses in the next three years. Ashok Leyland <div type="image" title="ashok leyland" height="900" width="1200" msid="87021886" hostid="261"></div> The company manufactures automobiles, commercial vehicles, and engines. In 2016, Ashok Leyland debuted its first electric bus. Recently, Ashok Leyland won the Bangalore Metropolitan Transport Corporation tender for 300 non-air conditioned electric buses. JBM Auto <div type="image" title="JBM auto chart" height="900" width="1200" msid="87021904" hostid="261"></div> The Gurugram-based automaker was founded in 1996 with JBM Auto being the flagship company of JBM Group. The company has diversified into bus manufacturing with an aim to become a globally benchmarked producer of modern intra-city buses. Last month, the company received orders for 500 electric buses and some compressed natural gas (CNG) buses from Delhi, Bengaluru and Uttar Pradesh along with other corporate clients. Besides, it will also be supplying electric buses for Bengaluru Metropolitan Transport Corporation (BMTC). Olectra Greentech <div type="image" title="olectra greentech" height="900" width="1200" msid="87021947" hostid="261"></div> The Hyderabad-based electric bus and insulator manufacturing company Olectra Greentech is among the leading players in the space. The company has a healthy order book for 1,325 e-buses out of which 87 buses are already delivered. It made a profit of ₹5.65 crore in the June quarter compared to ₹3.26 crore loss in the same quarter last year. Besides, the company’s stock has created immense wealth for investors in the last one year as it surged over 800%. Tata Motors <div type="image" title="tata motors chart 2" height="900" width="1200" msid="87021969" hostid="261"></div> Tata Motors seems to be ahead of everyone with its latest $1 billion investment from US based private equity TPG for electric vehicle business. In August, the company delivered 35 Starbus electric buses, as a part of the larger order of 340 electric buses to Maharashtra’s transport department. Eicher Motors <div type="image" title="eicher motor" height="900" width="1200" msid="87021986" hostid="261"></div> In 2008, Eicher Motors collaborated with Volvo Group for selling trucks and buses under company name VE Commercial Vehicles. The company debuted with an EV bus named “Skyline Pro” in 2018. Since then, the company has been actively participating in tenders floated by various state transport undertakings and other government agencies. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/nykaa-gets-sebis-approval-for-4000-crore-ipo/articleshow/87019734.cms">Nykaa gets SEBI’s approval for its ₹4,000 crore IPO; raises fresh issue size by over ₹100 crore</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/zee-invesco-saga-punit-goenka-speaks-up-for-the-first-time-asks-if-corporate-governance-doesnt-apply-to-institutional-investors/articleshow/87019547.cms">Zee-Invesco saga: Punit Goenka speaks up for the first time, asks if corporate governance doesn’t apply to institutional investors</a>

Electric bus makers on a roll as states like Maharashtra and Karnataka send in large orders

<ul><li><keyword id="6357147" type="General" weightage="100" keywordseo="tata-steel" source="Orion">Tata Steel</keyword> &amp; Bajaj Finserv are among the top performers of the week as investors cheer announcement of stock split.</li><li>On Monday, Tata Steel announced to split its shares in a ratio of 10:1 in its June quarter results and as a result the stock has been on a gaining spree since then.</li><li>Similarly, shares of Bajaj Finserv have also been rallying after the company announced that its board would consider a bonus and stock split on Thursday.</li></ul>Tata Steel &amp; Bajaj Finserv are among the top performers of the week that have rallied over 15% each on announcement of stock split and bonus shares. On Monday, Tata Steel announced to split its shares in a ratio of 10:1 in its June quarter results and as a result the stock has been on a gaining spree since then. This means that each share of the company has been split in 10 parts, making each share worth one-tenth the cost. Similarly, shares of Bajaj Finserv have also been rallying after the company announced that its board would consider a bonus and stock split on Thursday. It is important to note that the stock split does make a single share of the company cheaper, but it does not cause any change to the market capitalization of the company. Tata Steel’s market shares still linger a little over ₹1,19,000 (about $15 billion) after the stock split. Motilal Oswal explains that the split shares neither add new value nor does it dilute the ownership stake of the shareholders. However, they do increase the number of shares an investor holds. “Imagine a company. It has issued around 1,00,000 equity shares of face value of ₹10 per share. The company decides to split its shares in the ratio of 2:1. What this essentially means is that every share of the company will now be split into two. This will, in effect, increase the number of equity shares of the company to 2,00,000 from the erstwhile 1,00,000. And simultaneously, the face value of the shares would also come down to ₹5 per share,” the brokerage firm said. READ MORE: <a href="https://www.businessinsider.in/stock-market/news/why-is-tata-steel-doing-a-stock-split-and-what-does-it-mean-for-investors/articleshow/93152907.cms">EXPLAINED: A stock split helps increase liquidity in a stock by making it more affordable for retail investors, but does not guarantee an uptick </a> Any company usually takes up a stock split to make the shares more affordable for small retail investors and attracts high trading volume. Tata Steel too had a similar intention behind it, Manoj Dalmia, founder and director of Proficient Equities, told Business Insider. It’s not a new trend either. Multiple Indian companies — including Johnson Pharma, JBM Auto, Jubilant Food — have undergone a stock split this year. Rajnish Wellness, Ontic Finserve, Hindustan Foods and Shanti Educational Initiatives carried out a stock split last Friday on July 22, 2022. Even Bajaj Finserv is contemplating a stock split along with a bonus issue. Tata Steel’s stock split follows its <a href="https://www.businessinsider.in/stock-market/news/tata-steels-net-profit-declines-in-q1-on-the-back-of-rising-raw-material-costs/articleshow/93116879.cms">quarterly results for the first quarter of fiscal year 2023</a>, which showcased a sharp decline of 12.83% in its consolidated profit (₹7,764.96 crore). Its revenues from operations rose by 18.6% to ₹63,430 crore on an annual basis. SEE ALSO <a href="https://www.businessinsider.in/stock-market/news/markets-trade-higher-as-us-fed-rate-hike-of-75-bps-priced-in/articleshow/93177494.cms">Markets trade higher as US Fed rate hike of 75 bps priced in</a> <a href="https://www.businessinsider.in/business/corporates/news/tata-motors-net-loss-widens-inflation-china-lockdowns-to-blame-says-company/articleshow/93166365.cms">Tata Motors’ net loss widens – inflation, China lockdowns to blame says company</a> <a href="https://www.businessinsider.in/business/corporates/news/incred-and-kkr-india-financial-services-complete-their-merger/articleshow/93155739.cms">InCred, KKR India Financial Services complete merger, hope to become a ‘leading’ NBFC</a>

Top gainers Tata Steel & Bajaj Finserv rallies over 15% each this week

A corpus of Rs 1 lakh crore will be established with 50-year interest free loans to encourage the private sector to scale up research and innovation in sunrise domains, Union Finance Minister <keyword id="19916618" type="General" weightage="20" keywordseo="nirmala-sitharaman" source="keywords">Nirmala Sitharaman</keyword> announced on Thursday. Presenting the interim Budget 2024-25, Sitharaman said this will be a golden era for India's tech savvy youth. "A corpus of Rs 1 lakh crore will be established with 50-year interest free loan. The corpus will provide long-term financing or refinancing with long tenures and low or nil interest rates," the minister said. "This will encourage the private sector to scale up research and innovation significantly in sunrise domains. We need to have programmes that combine the powers of our youth and technology," she added. EV stocks rally Shares of companies related to the electric vehicle segment jumped on Thursday after the announcement that the government will expand the electric vehicle ecosystem to support charging infra, and e-buses for public transport networks will be encouraged. The stock of Olectra Greentech jumped 6.21% to reach its 52-week high of Rs 1,849.25 on the BSE. JBM Auto climbed 4.96% to hit its one-year peak of Rs 2,010.80. Greaves Cotton went up by 3% to the day's high of Rs 168.55. The government will expand the electric vehicle ecosystem to support charging infra, and e-buses for public transport networks will be encouraged, Finance Minister Nirmala Sitharaman said on Thursday. Sitharaman, in her pre-election Budget, which is technically a vote on account and popularly termed an interim Budget, also said the blending of compressed biogas into compressed natural gas for transport and piped natural gas will be mandatory. Biomanufacturing and bio foundry scheme will be launched to provide environment-friendly alternatives for bio-degradable production, she added.

Corpus of Rs 1 lk cr to scale up research in sunrise domains: FM Sitharaman

<ul><li>Large-cap stocks offer better reward-risk balance given more reasonable valuations say experts in their Diwali picks.</li><li>BSFI, domestic upcycle theme along with real-estate, power and infra amongst Diwali picks by brokerages.</li><li>Defence and railway stocks like MTAR Technologies, HAL, Titagarh Wagons also made it to the best <keyword id="10273453" type="General" weightage="20" keywordseo="diwali-stock-picks" source="Orion">Diwali stock picks</keyword> for Samvat 2080. </li></ul>The Diwali festive fervour is here and the Indian stock markets will soon end Samvat 2079 after hitting many milestones. Not only did the benchmark indices gain 6% during the year — Nifty touched 20,000 and Sensex surpassed 67,900. The equity markets have also shown extreme resilience in times of many geopolitical uncertainties like the Israel-Hamas conflict on top of the Russia-Ukraine war, rising inflation, sharp uptick in bond yields and more. For investors who are looking to build an auspicious portfolio for Samvat 2080, experts advise restraint and pick stocks that stand tall amidst corrections. “The recent sharp correction in stock prices may reflect growing recognition of short-term and medium-term challenges or a natural correction in the market from high levels. In our view, large-cap stocks offer better reward-risk balance given more reasonable valuations versus lofty valuations of most mid- and small-cap stocks,” says <keyword id="66607" type="General" weightage="80" keywordseo="kotak-securities" source="Orion">Kotak Securities</keyword>. According to the brokerage firm, short term challenges include higher-for-longer interest rates, and weak domestic consumption. It also expects disruption across sectors as a medium term challenge. Going ahead, it sees value in BFSI stocks, while <keyword id="100578" type="General" weightage="80" keywordseo="sharekhan" source="Orion">Sharekhan</keyword> sees value in domestic upcycle themes, with a few others that can leverage greenshoots in the export market. “Investors should view the current market weaknesses as valuable buying opportunities for constructing a top-tier portfolio aimed at riding the multi-year economic upcycle in India and use the opportunity for wealth creation over the next few years. Corporate earnings are expected to grow at a CAGR of 15% for the next two years, with over 20% earnings growth anticipated in the BSE 200 over the same period,” says Sharekhan. Here are a few stocks picked across brokerages’ Diwali picks. Best of the best: Diwali picks with rocket-like returns <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Stock </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Upside </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Brokerage </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Tata Power </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">43% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">IDBI Capital </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Titagarh Rail </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">30% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">SBI Securities </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">JBM Auto </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">35% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Chola Securities </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">IDFC First Bank </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">37% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Anand Rathi </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Go Fashion </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">23% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">JM Financial </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Sansera Engineering </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">43% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Monarch Networth Capital </td></tr></tbody></table> RIL rules, but DLF and small caps on the list too Most of the Diwali picks of stocks veered towards a good balance of large caps. But a few high performing small cap stocks such as RVNL, <keyword id="75435" type="General" weightage="80" keywordseo="gokaldas-exports" source="Orion">Gokaldas Exports</keyword>, <keyword id="19427151" type="General" weightage="80" keywordseo="garware-hitec" source="Orion">Garware Hitec</keyword>, <keyword id="14661372" type="General" weightage="80" keywordseo="syrma-sgs" source="Orion">Syrma SGS</keyword> made it to the pataka stock lists compiled across brokerages. The most common name across lists is Reliance Industries, as companies see good upside in the stock in the next few years. J M Financial says that RIL’s net debt concerns are overdone, and that it has industry leading capabilities across businesses to drive robust 14-15% earnings per share (EPS) compounded annual growth rate (CAGR) over the next 3-5 years. “Jio’s ARPU expected to rise at 10% CAGR over FY23-28 with ARPU being on a structural uptrend given the industry structure, future investment needs, and the need to avoid a duopoly market. Further, strong growth momentum continues in the company’s Retail business as RIL is driving omni-channel capabilities across segments,” the brokerage says. The next most common stock across Diwali picks is DLF. Even as Kolte Patil, Lodha and Godrej Properties were also picked as the real estate sector theme remained strong, this mega developer made it to three brokerages’ best picks. “DLF's strong leadership in the Delhi-NCR region, a vast residential project pipeline, a significant rental portfolio, ample land reserves with low carrying costs, and favourable market conditions create a promising environment for substantial growth,” said Anand Rathi. Banks were also part of each brokerage’s picks with Union Bank of India, ICICI Bank, Bank of India, Axis Bank making the cut. Most of them back defence and railway stocks as well like HAL, Titagarh Wagons and MTAR Technologies – all which have given good returns this year. Auto stocks like M&amp;M, TVS Motor, Tata Motors, Maruti and Ashok Leyland also rode into the Diwali picks, with a good mix of power and infrastructure stocks like Tata Power, Power Grid, BHEL and L&amp;T are expected to light-up portfolios on the day India will glow with the light of diyas.

Enter Samvat 2080 with these Diwali pataka stocks

<ul><li><keyword id="12158984" type="General" weightage="20" keywordseo="myhotelshop" source="Orion">Myhotelshop</keyword> provides hotels with software solutions for direct sales and distribution channels.</li><li>The acquisition will allow <keyword id="2645087" type="General" weightage="20" keywordseo="rategain" source="Orion">RateGain</keyword> to expand its offerings and reach out to more customers.</li><li>RateGain filed its DRHP last month for an initial public offering to raise over ₹400 crore through fresh issue.</li></ul>Software-as-a-service (SaaS) solution provider RateGain Travel Technologies, which is all set to go for an initial public offering (IPO) later this year, has acquired Germany-based Myhotelshop. Myhotelshop, founded in 2012 by Ullrich Kastner, provides hotels with software solutions for direct sales and distribution channels. It offers services like reporting, bid management and campaign intelligence platform. It also provides other travel products that enable online travel agencies (OTAs) and agency clients to reach out to more customers. The acquisition will allow RateGain to expand its offerings and reach out to more customers. "The merger will help in addressing a key challenge that the industry is facing in the post-COVID world that is witnessing increased digitization. The need to become digital-first is increasingly becoming chaotic and we aim to make it simpler for hotels to manage their acquisition strategy and enable them to unlock new revenue," Bhanu Chopra, founder at RateGain, said. Founded in 2004, RateGain too offers travel and hospitality software solutions. The company filed its draft red herring prospectus (DRHP) last month for an initial public offering (IPO). The company is looking to raise ₹400 crore through fresh issue and sell another 2.26 crore equity shares that are currently held by investor Wagner and promoters of the company. The company plans to use the proceeds from this public issue to repay debts and fund strategic investments, acquisitions and inorganic growth. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/thelife/news/meet-girish-mathrubootham-founder-and-ceo-of-freshworks/articleshow/86453777.cms">Girish Mathrubootham, the son of a retired bank officer who built a $13 billion company in just 10 years</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/auto/news/why-jbm-auto-shares-spikes-17-in-one-trading-session/articleshow/86453353.cms">Multibagger stock JBM Auto spikes 17% in one trading session on large order for electric bus</a>

IPO-bound RateGain acquires Germany based startup to expands software solutions for hoteliers

<ul><li><keyword id="6357147" type="General" weightage="20" keywordseo="tata-steel" source="Orion">Tata Steel</keyword> will be splitting its stock in a 10-for-1 ratio this coming Friday.</li><li>The <keyword id="6355393" type="General" weightage="20" keywordseo="stock-split" source="Orion">stock split</keyword> would help Tata Steel by increasing liquidity as it becomes affordable for investors.</li><li>A stock split does not change anything about the stock’s fundamentals, it just makes it look cheaper.</li></ul>It is a season of stock splits as big and small corporations are actively increasing the supply of shares by splitting them. Tata Steel on July 26 said that it had gotten the necessary approvals for the sub-division of its shares in the ratio of 10-for-1. This means that shareholders will get 10 shares for every single share of the Tata Group’s steel business. <keyword id="85462" type="General" weightage="20" keywordseo="bajaj-finserv" source="Orion">Bajaj Finserv</keyword>’s stock rallied on July 27 on news that the company was contemplating a stock split along with a bonus issue. If a company is splitting its stock, then why should the price change? Business Insider India explains all you need to know about stock splits. <cmsannotation type="cmsannotation" annotationid="What is a stock split and what does it mean for Tata Steel investors?" comment="subhead" text="What is a stock split and what does it mean for Tata Steel investors?">What is a stock split and what does it mean for Tata Steel investors?</cmsannotation> When a listed company increases the number of outstanding shares by issuing more shares to the existing shareholders, it is said to have split its existing shares so that there are more shares available in the hands of investors. The stock split does decrease the market price of the individual shares in proportion to the split ratio, but does not cause any change to the market capitalization of the company. Investors of Tata Steel will get 10 shares instead of one share, the cost of each new share would be one-tenth the cost of the original share. For instance, the shares of Tata Steel is currently trading at roughly around ₹950. After the split, an investor would get 10 shares with each of them priced at ₹95. This is just an example, the actual stock price would depend on the share price of that day. Motilal Oswal explains that the split shares neither add new value nor does it dilute the ownership stake of the shareholders. However, they do increase the number of shares an investor holds. “Imagine a company. It has issued around 1,00,000 equity shares of face value of ₹10 per share. The company decides to split its shares in the ratio of 2:1. What this essentially means is that every share of the company will now be split into two. This will, in effect, increase the number of equity shares of the company to 2,00,000 from the erstwhile 1,00,000. And simultaneously, the face value of the shares would also come down to ₹5 per share,” the brokerage firm said. <cmsannotation type="cmsannotation" annotationid="Why is Tata Steel doing a stock split?" comment="subhead" text="Why is Tata Steel doing a stock split?">Why is Tata Steel doing a stock split?</cmsannotation> The stock split would help Tata Steel by increasing liquidity as the shares become much cheaper for small retail investors and attracts high trading volume, Manoj Dalmia, founder and director of Proficient Equities, told Business Insider. “Another one of the main stock split benefits is that the shares of a company generally see increased liquidity. Since shares have now become more accessible to retail investors, more people would show increased demand for it, which can increase liquidity in the counter. Buying and selling shares will be far easier after a stock split,” Motilal Oswal said. Tata Steel’s shares were trading at ₹953 at 11:17 am on Tuesday morning, after witnessing a dip of 16.6% year-to-date. <div type="javascript" title="Custom" contenttype="Image"><cdata><![CDATA[]]></cdata></div> <cmsannotation type="cmsannotation" annotationid="What companies have undergone a stock split?" comment="subhead" text="What companies have undergone a stock split?">What companies have undergone a stock split?</cmsannotation> Multiple Indian companies — including Johnson Pharma, JBM Auto, Jubilant Food — have undergone a stock split this year. Internationally, Alphabet Inc-owned Google and Jeff Bezos’ ecommerce giant Amazon splits their stock in a 20-for-1 ratio. Rajnish Wellness, Ontic Finserve, Hindustan Foods and Shanti Educational Initiatives carried out a stock split last Friday on July 22, 2022. High Energy Batteries (India) would be next in line to carry out a stock split in the month of August. <cmsannotation type="cmsannotation" annotationid="What does a stock split mean for the investors?" comment="subhead" text="What does a stock split mean for the investors?">What does a stock split mean for the investors?</cmsannotation> A stock split does not change anything about the stock’s fundamentals. A way to look at it is that the actual size of the company stays the same but the shares issued increases, leading to a reduction in price of each share. For instance, a group of four friends slice a pizza into four pieces. Each of these friends would get one slice. However, if the same pizza is split into eight pieces, everyone would get two slices. The size of the pizza would be the same, however, the shares coming out of it would increase. Companies — including Tata Steel, Johnson Pharma, Google, Amazon — carry out such stock splits to make the share more affordable for retail investors, making the stock more liquid. “This will make a shareholder have more shares in the company at a cheaper price making these shares more affordable for both existing and new investors,” Dalmia noted. “In a stock split, investors who own stocks still have the same amount of money invested, but now they own more shares at a proportionately lower price. But as we saw above the value may not exactly be the same and normally, the stock split tends to make the stock more valuable due to its wider reach. That is normally one of the most popular reasons for companies to do a stock split,” according to financial services company IIFL. SEE ALSO <a class="tout-title-link" href="https://www.businessinsider.in/finance/banks/news/rbi-governors-recipe-for-banks-of-the-future-oodles-of-social-media-new-tech-a-dash-of-human-touch/articleshow/93138812.cms">RBI governor’s recipe for banks of the future: Oodles of social media, new tech &amp; a dash of human touch</a> <a href="https://www.businessinsider.in/business/ecommerce/news/e-commerce-platform-shopify-lays-off-1000-employees/articleshow/93151446.cms">E-commerce platform Shopify lays off 1,000 employees</a> <a href="https://www.businessinsider.in/business/news/indias-newly-digitized-msmes-need-offline-marketing-as-much-as-online/articleshow/93138395.cms">India’s newly digitized MSMEs need offline marketing as much as online</a>

EXPLAINED: A stock split helps increase liquidity in a stock by making it more affordable for retail investors, but does not guarantee an uptick

Indian shares had a tepid start on Tuesday even as investors and traders remained net buyers in a market trading near 13-month lows. <keyword id="6354298" type="ORGANIZATION" weightage="100" keywordseo="stocks">Stocks</keyword> in the capital goods, realty and textile sectors were in demand in the first session of trade. 
 The <keyword id="6354813" type="COMPANY" weightage="100" keywordseo="nifty">Nifty</keyword> fell 17 points to 7,855 in initial trades on the <keyword id="53581" type="CITY" weightage="100" keywordseo="NATIONAL-STOCK-EXCHANGE">National Stock Exchange</keyword>. Vedanta, Tata Motors, Ambuja Cement, Tata Steel and Bharti were the top losers on the index while Maruti, Tech Mahindra, Hindustan Unilever, Yes Bank and BPCL edged up higher. The Advance-Decline Ratio was negative, at 18/31. Maruti, ICICI and Axis Bank were the top traded stocks on the exchange. 
 
Maruti found favour after the Reserve Bank of India allowed foreign investors to buy up to 40 percent equity in the car maker. 
 
Broader indices suffered a bout of early profit booking with the CNX 100, CNX 200 and CNX 500 indices slipped lower in trade. The sector-specific space was mixed with the Bank Nifty and CNX Finance Indices slipping in trade while benchmarks representing the FMCG, Realty, Pharma and Energy indices edging higher. 
 Sentiment was flat on the <keyword id="43628" type="CITY" weightage="100" keywordseo="Bombay-stock-exchange">Bombay Stock Exchange</keyword> where the <keyword id="6484188" type="CITY" weightage="100" keywordseo="Sensex">Sensex</keyword> slipped 41 points to 25,814 in early deals. Bajaj auto, HDFC, Wipro and GAIL slipped in trade while Sun Pharma, ONGC, NTPC showed modest gains. The Advance-Decline Ratio was 10/20 and Coal India, Tata Steel and Axis Bank were the top three traded counters. 
 
The mood was sombre in the futures and options space with action being limited to mid cap futures. Kaveri Seed, Amtek Auto, Britannia and Voltas gained ground while Bharat Forge, Vedanta, Hind Zinc and Hindalco dropped in trade. The Advance-Decline Ratio was seen at 65/92 with the metals and banking space coming under pressure. 
 
Camlin Fine Sciences, JBM Auto, Venkey's India and Corporation Bank were some of the stocks on the list of volume buzzers on the NSE. 
 
 (Image credits: Indiatimes)

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Enter Samvat 2080 with these Diwali pataka stocks

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