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According to highly placed insiders, India’s tax authorities have increased their inspection of the startup ecosystem after discovering alleged misuse of tax exemptions. Several firms have been reported for claiming benefits without engaging in meaningful commercial activity.

MCX buzzing in trade, up over 2% on MS upgrade

The Nifty Midcap 100 has recovered a mammoth 1,300 points from the lows.

Dharmesh Kant, Hd-Research, Chola Securities

On aluminium players

We have two strong players in India. One is Hindalco. Other one is Vedanta. Nalco, again, comparatively very cheap valuation out there as regards to Vedanta valuation multiple.

So all these three company looks well – 17% year to date, aluminium price hike has been there and looks like it’s likely to stay going forward for this entire calendar year.

Last six months, the trade of the commodity play has been quite simple, any declines – 4-5% kind of a stock price decline should be used to add opportunity.

We do think that 10-15% more kind of upside in near term of three to six months for companies like Hindalco, Vedanta and Nalco is very much on the cards.

All three of them is a good basket buy, and we have been recommending that to our clients on periodic basis.

Dharmesh Kant, Hd-Research, Chola Securities

On cement

The Nifty Bank has recovered over 1000 points from the lows of the day, down just 0.90%.

The Nifty index has recovered from the lows of the day. halving its decline.

Here are some of the biggest volume-based movers (higher than 10-day average)

Dharmesh Kant, Hd-Research, Chola Securities

Coal India

We are playing Coal India, more of a buy on declines kind of a strategy with people who prefer dividend yield and risk reward issue does look favourable out there. Otherwise, I don’t think it’s a wealth creator from hereon.

RR Kabel Forays Into The Kitchen Appliances Segment & Expands Its Air Coolers Range

Top Holdings

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The Nifty 50 index has recovered from the lows of the past, rising over 250 points.

Top 10 Holdings

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March saw a rise in US inflation, and concerns about financial risks and economic growth are being raised. The wider effect on consumers is more important, according to William Lee, Chief Economist and Managing Director of Global Economic Advisors.

On Monday, April 13, shares of One97 Communications Ltd., the parent company of Paytm, fell despite coverage by the broking firm Haitong, which predicted a 25.5% increase from the previous closing.

NBFC Draft Will Not Make A Material Change In Short-to-medium Term

When An Entity Moves From Middle Layer To Upper Layer, Grp-lvl Tightening Is Likely

Dharmesh Kant, Hd-Research, Chola Securities

Technology sector

Dharmesh Kant, Hd-Research, Chola Securities

On NBFCs

Sources Say

On Monday, April 13, Jyoti CNC Automation Ltd.’s stock fell as much as 16% after French authorities opened an investigation into the company’s material subsidiary Huron Graffenstaden SAS and some of its employees for allegedly exporting machines with dual-use technology in violation of EU regulations.

NBCC | Signs MoU With HUDCO For Redevelopment Of August Kranti Bhavan

Signs MoU With HUDCO For Asset Monetisation Support For Self-sustainable Projs

Despite tensions in West Asia, gold and silver futures fell in India, following worldwide drops as rising oil prices and a stronger US dollar reduced expectations for rate cuts and put pressure on bullion.

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