In today’s briefing:
- NIFTY200 Momentum30 Index Rebalance Preview: 49% Turnover; US$850m Trade; Election Results Coming
- KFIN Tech: Block Deal Trade Special Situations and Tactical Trade Strategy
- RR Kabel: Block Deal Trade Special Situations and Tactical Trade Strategy
- Aavas Financiers Ltd (AAVAS IN) | Regaining Glory
NIFTY200 Momentum30 Index Rebalance Preview: 49% Turnover; US$850m Trade; Election Results Coming
- There could be 13 changes for the Nifty200 Momentum 30 Index that will be implemented at the close on 27 June.
- If all changes are on expected lines, one-way turnover is estimated at 48.8% and that will result in a one-way trade of INR 35.5bn (US$426m).
- Since January, the potential adds to the index have outperformed the potential deletes by a big margin. Watch out for the general election results on 4 June for momentum change.
KFIN Tech: Block Deal Trade Special Situations and Tactical Trade Strategy
- Impending block deals which generally create supply over-hang on the stock leads to a negative impact on the stock
- These block deals generally include selling promoters and big funds at a price discount to its current market price
- Historically, such events suggest once the block deal is done; stock reacts positively creating a Special Situation Opportunity
RR Kabel: Block Deal Trade Special Situations and Tactical Trade Strategy
- Impending block deals which generally create supply over-hang on the stock leads to a negative impact on the stock
- These block deals generally include selling promoters and big funds at a price discount to its current market price
- Historically, such events suggest once the block deal is done; stock reacts positively creating a Special Situation Opportunity
Aavas Financiers Ltd (AAVAS IN) | Regaining Glory
- Part of our housing finance checks, we have been visiting Aavas Financiers Ltd (AAVAS IN) branches for over two years now.
- While the situation was grim early on post the management change and increased competitive intensity, the current channel inputs are encouraging.
- Key areas that warrant attention are growth trajectory, yields, and tech upgrade.
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